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Africa-focused company DiamondCorp’s development for the block cave expansion at its Lace diamond mine in South Africa’s Free State is progressing with first revenues tipped for the second half of 2014, broker SP Angel said.
The London-based company started excavation works on the project in February as well as work on a 66,000 bank cubic metre boxcut which will be the entrance to the 1.2Mtpa 47-level block cave operation.

Gold Road Resources has received a boost after increasing resources at its Central Bore project, part of its 100% owned Yamarna gold project in Western Australia, with UK-based investment firm Edison upgrading its price target for the company.
In its second upgrade since establishing a maiden resource in 2011, the company posted a resource of 813,900t at 7.7g/t for 201,100oz of contained gold, an increase of 32%.

Australian junior Jameson Resources’ preliminary economic assessment works at its 90Mt Crown Mountain coking coal project in British Columbia, Canada is expected to support the site’s proposed mine, investment bank Canaccord Genuity said.
The company commenced PEA works at the project, following the completion of a positive scoping study, with a focus on establishing a surface mine producing a base case of 1Mtpa coal over an initial 10 year mine life.

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.


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