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Mining Bulletin

The full story: In-depth news and analysis

DEVEX BOOSTS NEW LIFE POTENTIAL FOR AUSTRALIA’S NABARLEK URANIUM MINE

Nearly 35 years after it ended its short but highly productive life, the Nabarlek uranium mine in the Alligator Rivers province of Australia’s Northern Territory is showing signs of revival under new owner DevEx.

PETRATHERM EXPLORATION OPENS UP NEW RARE EARTHS TARGET IN SOUTH AUSTRALIA

Australian explorer Petratherm is highlighting the potential for a broad-scale occurrence of rare earth anomalism in the North Gawler Craton of South Australia.

ZENITH MINERALS DELIVERS RESOURCE UPGRADE AT DEVELIN CREEK PROJECT

Australian explorer Zenith Minerals has verified past results of drilling that extended and improved the geological interpretation of its Develin Creek polymetallic project in Queensland.

CHALICE PROCLAIMS THE BIRTH OF A NEW GREEN METALS PROVINCE IN WA'S JULIMAR PROJECT

Western Australia's first major platinum discovery at Julimar on the margins of Perth is shaping up as the starting point for a world-class multi-district green metals province, exploration star Chalice Mining believes. John Feary reports from the Diggers & Dealers Mining Forum in Kalgoorlie

FEASIBILITY STUDY POINTS TO A RAPID GOLD PRODUCTION GROWTH FOR LOW-KEY MINER

Twelve months after being named Australia's Digger of the Year, West African Resources is closer to opening its second Burkina Faso mine and heading towards 400,000ozpa of low-cost production. John Feary reports

WEST AUSTRALIAN PROJECT TO PLACATE SOME OF THE WORLD'S RARE EARTHS NEED

Rare earths project developer Hasting Technology Metals has set a target of the June 2024 quarter to begin commissioning of the West Australian plant capable of producing up to 8% of the world's NdPr needs.

NORTHERN STAR DECLARES KALGOORLIE SUPER PIT IN BETTER SHAPE THAN EVER

Northern Star Resources MD Stuart Tonkin declares the iconic Kalgoorlie Super Pit is in its best shape thanks to the new owner's five-year pathway to growth.

CORE TARGETS FIRST TERRITORY LITHIUM MINE PRODUCTION LATER THIS YEAR

Core Lithium sets a December quarter target for first production at its Finnis project in Australia's Northern Territory.

CAPRICORN METALS AIMS TO REPLICATE ITS KARLAWINDA SUCCESS AT MOUNT GIBSON

West Australian miner Capricorn Metals is aiming to complete an ore reserve and feasibility study in the Dec 2022 qtr to assist a development decision on its Mount Gibson gold project.

'JEWELLERY BOX' DELIVERS MORE SPARKLING RESULTS FOR SANTANA MINERALS

Experienced mining journalist and commentator Ross Louthean, a long-time observer of the New Zealand minerals industry, explores the current and past influences behind Santana Minerals' drilling successes on the historic Bendigo-Ophir district in Otago.

EXIT FROM UGANDA SEES VETERAN EXPLORER SIPA PRESS ON WITH WA EXPLORATION FRONTS

Western Australian explorer Sipa Resources is pressing forward with exploration on its home-state portfolio while pushing ahead with the sale of its Ugandan nickel-copper project.

NICKEL INDUSTRIES POWER PLANT OFFERS EARLY BOOST TO INDONESIAN NPI PROJECT

Nickel pig iron producer Nickel Industries has followed up the commencement of full operations of the four furnace lines at its Angel project in Indonesia with the start of commissioning of a new power plant that will boost production capacity and cut costs.

KAISER REEF REPORTS NEW RESOURCES IN HISTORIC VICTORIAN GOLDFIELDS

Beating its own expectations in drilling on Neesham Reef in the historic A1 gold mine and establishing a significant resource base at the Maldon project make up a day of positive news for miner Kaiser Reef in the heart of Victoria’s historic goldfields.

ST ANNE’S TARGET SHARPENS AT MURCHISON PROJECT FOR MEEKA METALS

New drilling results are highlighting the exceptional growth opportunity for West Australian explorer Meeka Metals at its flagship Murchison gold project, where its recent scoping study outlined production of over 420,000oz gold.

VIMY’S ANGULARLI URANIUM PROJECT SET TO GROW AHEAD OF DEEP YELLOW MERGER

With its proposed merger with fellow West Australian explorer Deep Yellow headed for a shareholder vote this week, Vimy Resources has reported initial diamond drilling results pointing to an increase in scale and value of its Angularli uranium project.

FAT INTERSECTIONS BUOY AURUMIN’S QUEST FOR HISTORIC SANDSTONE PROJECT

First drilling returns at Two Mile Hill deposit support West Australian explorer Aurumin’s vision of it becoming a key part of its Central Sandstone gold project with potential scale to underpin future production.

AUSTRALIAN EXPLORER BELARAROX SHARPENS THE BIG PICTURE TARGET AT NSW PROJECT

Australian newcomer Belarorox is backing its modern exploration techniques to deliver a JORC-compliant resource in a short time at its Lachlan Fold Belt tenements in the area of the historic Belara and Native Bee underground mines in New South Wales. Ross Louthean reports

AURIC MINING SCOPING STUDY ADVANCES DEVELOPMENT CASE FOR JEFFREYS FIND

Western Australian regional exploration specialist explorer Auric Mining identified the need for more work to refine material inputs and enhance project economics on its 100%-owned Jeffreys Find gold deposit.

NEW WORLD STUDY OUTLINES PATHWAY TO HIGH-MARGIN US COPPER PROJECT DEVELOPMENT

Scoping study identifies the potential pathway to a low impact, modest capital expenditure and high margin underground mining development at New World Resources’ 100%-owned high-grade Antler copper deposit in Arizona, USA.

MILLROSE PROJECT SHAPES UP AS LARGE POTENTIAL FOR STRICKLAND METALS

Leading Australian mining and resources journalist and commentator Ross Louthean delves into the history of Strickland Metals’ expanding Yandal gold belt exploration search.
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MINCOR RES: $60M RAISING COMES WITH 16% NICKEL RESOURCES JUMP

 

Perth, Jun 25

Mincor Resources has launched a 2-tranch $A60M capital raising to underpin capital development and accelerate exploration at its 100%-owned Kambalda nickel operations in Western Australia, where its Cassini Main resources have been lifted 16%.
The raising includes a fully underwritten, 2 tranche placement of new shares at $0.72cps for $50M, of which major shareholder IGO has committed $13M to take its company stake to 8%. In addition, a non-underwritten SPP is planned to raise up to $10M.
The deals will increase Mincor’s cash reserves to over $100M, allowing it to progress to a potential final investment decision for its Kambalda operations and fund a portion of the $97M project development costs, along with resource extension and exploration programs including Cassini Main and Cassini North.
The financials came with a 16% increase in the Cassini Main resource to 58,700t within 1.5Mt @ 4% Ni with the indicated resource increased by 7,300t Ni.

Mincor Resources NL

Exchange Code: 
ASX: MCR
Website: 
http://www.mincor.com.au

Perth-based company focused on nickel mining and exploration in the Kambalda region of Western Australia

IGO Limited (Independence Group)

Exchange Code: 
ASX:IGO
Website: 
http://www.igo.com.au

Perth-based miner with nickel, copper-zinc-silver and gold operations in Western Australia.
Jan 2020: Name change from Independence Group NL

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