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West Australian developer WA Kaolin is on track to begin production in the June qtr as installation and precommissioning of the Stage 1 processing plant continues at one of the world’s largest remaining primary kaolin reserves, the Wickepin project 220km SE of Perth.
WAK is currently generating kaolin products from Wickepin’s estimated 30.5Mt ore reserve via a small-scale processing plant in Kwinana, near Perth. It aims to complete the...
Australian coal miner Stanmore Resources has turned to international contractor EPSA for the award of a 5-year, $A564M opencut mining services contract for its 100%-owned Isaac Downs project in the Bowen Basin, Qld.
The appointment of the Spanish contractor’s Australian subsidiary EPSA Pacific comes after Stanmore terminated its existing mining services agreement with Golding Contractors, which has been active at the...
Breaks - PAN AFRICAN RES: HALF YEAR PRODN UP
JOHANNESBURG, Jan 19 -- South Africa-focused gold miner Pan African Res has increased gold production for the 6-months ended Dec 31, 2021 by 9.9% on the previous Dec half to a record 108,085oz and says it is on track for 200,000oz for the June 2022 year.
Gold output from Barberton Mines was 49,117oz, down from 52,354oz, while Elikhulu and Evander Mines produced 25,900oz vs 26,863oz and 33,068oz vs 19,169oz respectively.
The report put the reduction in net senior debt at $US23.9M....
The predicted fall in Chilean major Antofagasta’s Dec 2021 year (FY/CY 21) copper production has been confirmed with output down to 721,500t from the previous year’s 733,900t, fuelled by a combination of drought, higher input costs and global supply chain challenges.
On the bright side, the preliminary numbers show gold output up 23.6% to 252,200oz, but with molybdenum down to 10,500t from 12,600t and...
Company - Nico Resources Limited
Perth-based company focused on nickel, cobalt and scandium exploration in Western and South Australia.
Jan 2022: Admitted to trading on ASX following heavily oversubscribed $A12M IPO issue of 60M shares at 20cps
Level 11, 216 St Georges Terrace
Perth WA 6000
+61 8 9481 0389
info@nicoresources.com.au
The continuing ramp-up of the processing plant at the Karlawinda project has delivered Dec qtr (Q2FY22) production of 30,316oz at AISC of $A1,048/oz for its 100%-owner Capricorn Metals, confirming the openpit mine in Western Australia’s Pilbara region as a low-cost, high-margin gold producer.
YTD gold production of 54,645oz, including commissioning phase production in Q1, puts Capricorn on track for its FY22 guidance of 110,000-120,...
Dateline Resources has begun initial production from development drives and stockpiling of ore at its 100%-owned Gold Links project in Colorado, USA as it drives the recommissioning of the Lucky Strike mill ready to commence campaign testing next week.
The Australian-based company is targeting first gold concentrate production and sales from the historic mine in the current quarter.
Dateline plans to ramp up production initially to about 100tpd,...
Despite concentrate shipment volumes to customers from Turquoise Hill Resources’ Oyu Tolgoi operation in Mongolia remaining challenged, the company has managed increased production of its 3 major commodities for the Dec 21 year (FY/CY 21).
Copper-in-concentrate rose to 163,000t from the previous year’s 149,600t, gold rocketed to 468,000oz from 182,000oz and silver jumped to 977,000oz from 876,000oz,...
The growing global demand for high-purity lithium carbonate has convinced project developer Lake Resources to commit to an expanded 50,000tpa production rate for its planned Kachi lithium brine project at Catamarca in Argentina.
The change from its originally proposed 25,500tpa will be incorporated in the project DFS due for completion in mid-2022.
It’s supported by drilling last year that indicated a considerable upside to Kachi’s...
Sabre Gold Mines’ preliminary economic assessment for the resumption of production from its 100% owned Brewery Creek Gold Project in Yukon Territory, Canada, has flagged average annual production of 60,000oz for a total 473,000oz over an initial 8-year LoM.
The PEA gives the project an after-tax NPV5% of $US112M at an IRR of 27.6% at $1,700oz, increasing to $157M at an IRR of 35.7% at $1,900oz, based an after-tax average annual cash...