Mining Bulletin

The full story: In-depth news and analysis

You are here

Mining Brokers

Copper and gold explorer Horseshoe Metals, which recently posted a maiden 10,600t copper resource at its Rinaldi prospect within the Kumarina project in Western Australia, could significantly increase the project’s resource base by exploring additional targets, equity research firm Breakaway Research said. 
Quantification of Rinaldi has boosted the Australian-based company’s global copper resource to 101,600t, which is nearing critical mass for potential development.

Australian junior Cleveland Mining has progressed expansion plans at its Premier gold project in Brazil by kicking off its multi-targeted drilling program in order to increase the project’s resource base, broker DJ Carmichael said.
The move comes after the company raised $A7M via a $5.5M placement and a $1.5M share purchase plan which also provides funds for exploration works at its Mara Rosa project north of Premier.

Uranium developer Bannerman Resources’ 500Mt Etango uranium deposit in Namibia is ready for construction and could begin production in as little as 2.5 years, Australian corporate advisor Hartleys said.
The Australian-based company holds an 80% stake in the project and in 2012 completed a definitive feasibility study and identified reserves of 280Mt at 194ppm for 119Mlb.
It also determined a 20Mtpa heap leach operation with a 16-year mine life and cash costs of $US45.70/lb.

Blackham Resources’ exploration at its 1.5Moz Matilda gold project at Wiluna in central Western Australia could highlight a near-term production opportunity, provided it utilises a toll treating arrangement with Apex Minerals, equity research firm Breakaway Research said.
Mining entrepreneur Joseph Gutnick recently injected $A13.32M into Blackham with his private vehicle Great Central Gold taking a 19.5% stake in the company.

Australian-based Wolf Minerals is in the final stages of securing its finance package to progress its proposed 3Mtpa Hemerdon Ball tungsten and tin project in Devon, SW England which is the final hurdle to overcome before starting construction, equity research firm Breakaway Research said.

Diamond developer DiamondCorp’s plan to recommence tailings production at its Lace mine in South Africa’s Free State, which was interrupted by construction on its block cave development, is on track to restart in the second quarter, UK stockbroker WH Ireland said.

Tungsten Mining is gearing up to rapidly start production at its 100% owned Kilba tungsten project in Western Australia’s Gascoyne region with plans to define a resource at the project during the June quarter, equity research firm Breakaway Research said.
The Australian explorer has already started feasibility works that will continue through to September and is expected to make a final investment decision in the first quarter of 2014.

Recent drilling at TNG’s flagship 160Mt Mount Peake vanadium-titanium-iron development in Australia’s Northern Territory uncovered strong grades that could increase the project’s resource estimate, UK research firm Hardman & Co said.
The Australian-based company, which recently appointed Arccon Mining Services to complete Mount Peake’s definitive feasibility study, aims to start construction at its 100% owned project in 2014 with production slated for 2015.

Continental Coal’s plan to commission a second continuous miner at its Penumbra underground coal mine in South Africa will help ramp up production at the project to 500,000tpa, said equity research firm Breakaway Research.
The South African coal producer is on track to produce 1.8Mtpa of saleable thermal coal in the 2013 financial year from Penumbra and its opencut Vlakvarkfontein and Ferreira mines.

Australian-based Tigers Realm Coal has been notified by Russia’s mining watchdog that it will be issued a mining licence for its Amaam coking coal project, paving the way for its planned 10Mtpa mine, said asset management group Investec

Pages

Mining Billboard