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The full story: In-depth news and analysis

DRILLING POINTS TO MORE NEAR-TERM GROWTH AT SANTANA’S LEADING KIWI PROJECT

Explorer Santana Resources has highlighted significant near-term potential for further resource growth at its 100%-owned Bendigo-Ophir project in New Zealand’s South Island after drilling assays consistently surpassed past average grades at its Rise and Shine deposit.

GLENCORE’S $1.1B SALE OF COBAR MINE HERALDS NEW AUSTRALIAN BASE METALS EMPIRE

Global miner/marketer Glencore has reached binding agreement on the $US1.1B-plus-royalty sale of long-lived Cobar underground copper mine in Australia to special purpose funder Metals Acquisition Corporation.

NEWCREST SEES MORE DECADES AHEAD WITH GO-AHEAD FOR NEW CADIA STAGE DEVELOPMENT

Newcrest Mining has given the go-ahead for the next stage development of its flagship Cadia gold and copper mine in NSW, Australia after completing a feasibility study on its panel cave PC1-2 development.

GASCOYNE RESOURCES’ DALGARANGA A VICTIM OF THE PRESSURES ON WEST AUSTRALIAN MINES

Battling West Australian miner Gascoyne Resources will turn its focus to a financial restructuring and progressing higher-grade exploration assets to support a long-term mining plan after the sudden shutdown of its flagship Dalgaranga mine.

FIREFINCH ABOUT-TURN ON RECAPITALISATION SPELLS DEATH FOR MALI’S ‘GORILLA’ GOLD MINE

Australian-based miner Firefinch has given up on its efforts to recapitalise its 80%-owned Morila gold mine in Mali, almost certainly sending the mine once known as “Morila the Gorilla” into insolvency.

GROWING LINDA PROJECT TARGET HIGHLIGHTS ZINC POTENTIAL AT FLINDERS RANGE

New laboratory assays have doubled the size of the zinc soil anomaly target at critical minerals explorer Stelar Metals’ Linda zinc project in South Australia’s Flinders Ranges, with the scale and DSO grade indicating its potential for economic mineralisation at depth.

FALL OF GROUND AFTERMATH TRIGGERS ADMINISTRATION FOR RED RIVER’S THALANGA MINE

Australian miner Red River Resources has appointed administrators to its Thalanga zinc-copper-lead mine to tackle threats to its solvency due to continuing performance issues following a fall of ground incident nearly three months ago.

MALLEE RESOURCES REACTIVATES AVEBURY NICKEL MINE IN SIX MONTHS

Explorer Mallee Resources has joined the ranks of Australian nickel sulphide producers after making a successful start to the commissioning of the processing plant at its 100%-owned Avebury project in Tasmania.

MINERAL RESOURCES STILL PONDERING STRATEGIC OPTIONS FOR LITHIUM BUSINESS

Australia mining and services company Mineral Resources is continuing to evaluate “strategic options” for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA.

CAVALIER LIFTS HOPES FOR LEONORA PROJECT AFTER FIRST DRILL CAMPAIGN

West Australian explorer Cavalier Resources reports encouraging results in recent drilling that targeted extensions to the existing resource area at its 100%-owned Crawford gold project at Leonora.

CANNON RESOURCES PUTS OUT THE JV SHINGLE FOR WA’S COLLURABBIE PROJECT

West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry following analysis of historical geophysical data at its Collurabbie nickel-copper-PGE and gold project.

ELEVATE IDENTIFIES BIG URANIUM TARGET AT NAMIBIA’S KOPPIES PROJECT

Elevate Uranium has raised the potential to add significantly to its maiden 20.3Mlb U3O8 inferred mineral resource at its Koppies project in Namibia with the identification of a mineralised zone extending over 10km and up to 1,000m wide.

MID-2023 TARGET FOR APPROVAL OF HIGH-GRADE FEDERATION DEPOSIT UNDERGROUND MINE

Australian miner Aurelia Minerals has outlined the starting physical and economic picture for the development of an underground mine at its high-grade, low-cost Federation polymetallic deposit in the Cobar Basin of central-western New South Wales.

WA NICKEL EXPLORER ST GEORGE MINING JOINS THE TREND TO FOCUS ON LITHIUM

The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.

KINGSLAND MINERALS DRILLING BREATHES LIFE BACK INTO CLEO URANIUM PROJECT

Australian explorer Kingsland Minerals has laid the foundation to grow the footprint of the Cleo uranium mineralisation based on initial assay results from its maiden drilling program in the historic Pine Creek mining region in the NT.

EXPLORATION SUCCESSES CARRY BELARAROX TO NEW PHASE IN NSW SEARCH

Australian explorer Belararox is considering the release of a mineral resource estimate next month as it progresses metallurgical testwork on targets at the historical Native Bee mine site, part of its 100%-owned Belara project in NSW.

MAGMATIC RESOURCES' MASSIVE INTERSECTION SHARPENS ITS CORVETTE FOCUS

Australian explorer Magmatic Resources has made an impressive start to its drilling campaign on the Corvette prospect at its Myall licence in NSW, delivering the highest-grade, broadest and deepest mineralised interval. Ross Louthean reports

SAMS CREEK PROJECT EMERGES AS AN UNDERGROUND PLAY FOR SIREN GOLD

Australian explorer Siren Resources is following up the potential for an underground development of Sams Creek, New Zealand's largest undeveloped gold project.

HARMONY GOLD BUILDS COPPER STRATEGY IN $230M AUSTRALIAN PROJECT BUY

South African-based Harmony Gold Mining reached agreement on the $230M acquisition of the Eva copper-gold project from Canadian owner Copper Mountain Mining, diversifying its commodity range and risk profile.

NEW TALISMAN MINES PREPARES TO REACH THE LIGHT AT THE END OF ITS TUNNEL

New Talisman Goldmines holds meetings with a range of industry specialists as it moves into detailed preparations for its strategic plan to produce gold from its NZ mine in 2023.
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Carnaby Resources Limited

Exchange Code: 
ASX:CNB
Website: 
http://carnabyresources.com.au

Carnaby Resources Limited

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CARNABY RESOURCES: MT HOPE DRILL RESULTS 'JUST THE START'

Post date: 
09/28/2022 - 21:24

Australian explorer Carnaby Resources declares it's "only at the start" of unlocking the potential of a new mining province in the Mount Isa region of Queensland following more high-grade drill results at its Mt Hope copper prospect.
The latest high-grade copper assays at the Mt Hope target on the Greater Duchess project, 70km SE of Mt Isa, follow impressive recent drill results at Nils Desperandum and Lady Fanny.

MT HOPE HIGH-GRADE COPPER ASSAYS BROADEN CARNABY’S MT ISA PICTURE

Post date: 
09/28/2022 - 21:07
Author Name: 
Ross Louthean

Australian explorer Carnaby Resources declares it's "only at the start" of unlocking the potential of a new mining province in the Mount Isa region of Queensland following more high-grade drill results at its Mt Hope copper prospect.

CARNABY RESOURCES: STRONG DRILLING POINTS TO NEW MT ISA TARGET

Post date: 
09/07/2022 - 22:50

An outstanding drill result of 75m @ 1.7% copper suggests Australian explorer Carnaby Resources is dealing with another significant discovery at its Greater Duchess project near Mount Isa, Qld.
Carnaby’s package of leases south of Mt Isa delivered results last year indicating the Nils Desperandum discovery had become a major prospect along with sound results from the Lady Fanny and Mt Hope deposits.

EMERGING MT HOPE TARGET ADDS TO MOUNT ISA EXPECTATIONS FOR CARNABY RESOURCES

Post date: 
09/07/2022 - 22:32
Author Name: 
Ross Louthean

Australian explorer Carnaby Resources’ drilling in the Mount Isa region delivers first indications it is dealing with another significant copper-gold discovery to add to its Nil Desperandum and Lady Fanny discoveries.

CARNABY RES: PRIVATEER BIM TO MINE, PROCESS TICK HILL TAILINGS

Post date: 
08/03/2020 - 17:01

Australian explorer Carnaby Resources has found a new route to commercialisation of its Tick Hill project near Mount Isa in Queensland, agreeing to sell its historic tailings stockpiles to private miner/processor BIM Metals.
BIM will pay $A4M cash plus $2M royalties to mine the probable ore reserves of 410,900t @ 1.35g/t for 17,800oz gold in Tick Hill’s tailings stockpiles and historical ROM pad, processing the ore at its Lorena processing plant over about 12 months.

CARNABY RES: PFS POINTS TO LOW-COST START AT TICK HILL

Post date: 
06/05/2020 - 18:16

Australian explorer Carnaby Resources has outlined a near-term pathway towards development through a PFS confirming a technically and economically viable development of its 100%-owned Tick Hill gold project near Mount Isa in N Qld.
The PFS outlines recovery of 27,300oz gold over 13 months through mining and toll treatment of 474,000t @ 2g/t from openpit mining and tailings reprocessing.

CARNABY RES: STUDY DELIVERS TICK FOR 12-MONTH TICK HILL CAMPAIGN

Post date: 
03/11/2020 - 21:26

Australian explorer Carnaby Resources is continuing discussions with potential toll treatment parties and contract miners open to JV partnerships after a scoping study outlined “compelling economics” for its 100%-owned Tick Hill gold project near Mount Isa in N Qld.
The study outlines a toll treatment operation that will recover 25,000oz gold at AISC of $A1,247/oz over 12 months from Tick Hill’s mineral resource inventory of 348,000t @ 2.47g/t.

CARNABY RESOURCES: TICK HILL PROJECT MOVES TO SCOPING STUDY

Post date: 
02/16/2020 - 19:31

Australian explorer Carnaby Resources is progressing scoping level studies after updating total resources of 65,000oz (838,000t @ 2.41g/t) at its 100%-owned Tick Hill gold project near Mount Isa in N Qld.
The key to the update is an insitu indicated and inferred resource of 43,200oz (630,000t @ 6.47g/t) beneath the historically mined openpit, additional to its existing tailings stockpile of 21,800oz (630,000t @ 1.08g/t).

CARNABY RESOURCES LINES UP MOUNT ISA TENEMENTS AHEAD OF A PLANNED $10-15M FLOAT

Post date: 
06/05/2018 - 23:49
Author Name: 
MBM Correspondent

Founding Beadell Resources executives Peter Bowler and Robert Watkins are building their Australian resource portfolio ready for the IPO and listing of their new vehicle, Carnaby Resources.

SYNDICATED MET: NEW IPO CARNABY RESOURCES EYES MT ISA ASSETS

Post date: 
06/05/2018 - 11:17

New Australian IPO Carnaby Resources has taken an option over Syndicated Metals' Southern Hub IOCG and lode-style gold exploration tenements in NW Qld.
Carnaby, headed by former Beadell Resources executives Peter Bowler and Robert Watkins, has until June 30 to acquire 82.5% of the 16 properties 100km SE of Mount Isa by issuing 4M shares.
It follows Syndicated's $A0.4M cash+shares sale of its Northern Hub tenements 45km NE of Mt Isa to Minotaur Exploration last month.

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US GOVERNMENT BACKS IONEER PROJECT AS KEY TO CRITICAL MINERALS SUPPLY SECURITY

(DEVELOPMENT) The US government has recognised the potential value of Ioneer’s Rhyolite Ridge lithium-boron project in Nevada to the national push for security of critical minerals supply with the offer of a $700M development loan.

SAUDI MINING GIANT SEEKS MORE GROWTH THROUGH INTERNATIONAL PARTNERSHIPS

(EXPLORATION) Saudi Arabia’s majority government-owned mining company Ma’aden has unveiled three new initiatives using partnerships with international miners and the nation’s massive investment capacity to advance a new phase of domestic and international growth.

GLOBAL COAL USE REACHING ALL-TIME HIGH ... BUT INDUSTRY TRENDS POINT TO RAPID DECLINE

(COMMENTARY) The global use of coal for electricity generation will hit record levels this year, but lack of new investment in export-driven coal projects supports the expectation that peak coal has been reached and will rapidly decline in the face of global pressure on fossil fuels.

THE YOUNG AUSTRALIANS WHO WON A HUMAN RIGHTS CASE AGAINST AN ENORMOUS COAL MINE

(COMMENTARY) A Queensland special court has made legal history by recommending refusal of a coal mine development on climate change grounds, in the first case in Australia that links human rights and climate change.

AUSTRALIAN COURT SETS NEW ‘RIGHTS’ STANDARD TO BLOCK PALMER'S THERMAL COAL MINE

(ENVIRONMENTAL) Australian natural resources court adopts climate change and human rights arguments to oppose giant thermal coal mine development.

ABB ENLISTS PERENTI FOR MINING ELECTRIFICATION PUSH TOWARDS NET ZERO EMISSIONS

(SUSTAINABILITY) Global power and automation technology company ABB has added mining services group Perenti to its list of partnerships aiming to promote electrification of mine haulage operations and other decarbonisation strategies for the resources sector.
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