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West Australian explorer Calidus aims to move on towards a bankable level of detail on its Warrawoona gold project, anticipating regulatory approvals in H2 2020 for what’s shaping up to be a 97,000ozpa producer over a 6-year life.
It follows a PFS that calculates $A95M capital cost and AISC of $1,159/oz LOM.
The Klondyke openpit and underground deposits at Warrawoona, 25km SE of Marble Bar, hold a probable mining reserve of 418,...
Graphite producer Syrah says minor equipment issues lie behind an 8% fall in June qtr (Q2) production to 44,000t natural flake graphite at its Balama project in Mozambique, down from 48,000t in the March qtr.
Lower production volumes resulted in C1 cash costs rising to $US567/t through the first half, while sales achieved $469/t in Q1 and $457/t in Q2.
With the equipment issues now remedied, Syrah maintains its CY2019 production...
Australian miner Red 5 is forecasting more growth in the coming year after posting June year (FY19) production from its WA gold operations of 102,012oz, boosted by Q4 output of 30,098oz, the company’s best result since purchasing the mines in Oct 2017. AISC was $A1,601/oz.
The Darlot and King of the Hills mines are expected to deliver 110,00-120,000oz at $1,350-1,500/oz in FY20.
MD Mark Williams says Red 5 ended the year with cash...
Major shareholder/financier Freefire Technology has come to the aid again of PNG miner Crater Gold, advancing a $A2M loan for ongoing development of the High Grade Zone at its Crater Mountain project in the Eastern Highlands.
Crater may draw-down an initial $0.3M at its option, with the balance of the unsecured loan available on Freefire’s agreement.
MD Russ Parker says the new funding from its long-time supporter enables Crater to...
A strong Q4 helped BHP meet revised production guidance for iron ore and copper in the June year (FY19), while it predicts higher output in the coming year.
West Australian iron ore operations regained full capacity after tropical cyclone in March to lift Q4 production to 63Mt, 12% higher than the prior period, and brought its full year total to 238Mt – steady with its FY18 result. Realised prices rose 18% year-on-year...
Breaks - FIORE GOLD: PAN MINE POSTS Q3 RECORD
Canadian-based Fiore Gold has posted record gold production at its Pan openpit mine in Nevada, USA of 11,573oz for the June qtr (Q3FY19), up from 10,759oz in the previous period. Gold sales were 11,504oz (Q2: 10,737oz).
CEO Tim Warman says it was the final quarter for the White Pine county mine as a ROM operation as the new primary crushing circuit comes online.
With Pan running well, Warman says Fiore aims to reach a construction...
One miner has been rescued but at least 10 others remain trapped more than 1km underground in a coal mine in Pakistan’s Balochistan province following a fire triggered by an electrical short circuit in a cable.
Efforts to reach the trapped men are being hampered by carbon monoxide gas triggered by the fire, the Press Trust of India reports.
The mine, 35km east of Quetta, is run by the state-owned Pakistan Mineral Development Corporation....
Strong demand for high-quality coal has continued to lift the performance of leading Australian producer Yancoal, with June half-year (H1) attributable saleable production running 9% higher at 17.8Mt, up from 16.4Mt in H1FY2018.
YTD sales rose to 16.5Mt, from 15.7Mt pcp, comprising 13.7Mt thermal and 2.8Mt metallurgical coal.
CEO Reinholdt Schmidt says Yancoal remains on target for its 2019 guidance of 35Mt attributable saleable...
European Metals Holdings has attracted CEZ Group, the Czech Republic’s largest company and one of Central Europe’s largest power utilities, as a potential shareholder and co-development partner for its Cinovec lithium-tin project 100km NW of Prague.
MD Keith Coughlan says CEZ’s conditional agreement to provide a EUR2M convertible loan supports the strategy to develop Cinovec in conjunction with Czech industry advancing...