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AIM-listed Bluejay Mining has lifted JORC resources at its Dundas Ilmenite Project in Greenland 400% to 96Mt at 6.9% ilmenite, which the company says reaffirms Dundas as the highest-grade mineral sand ilmenite project globally.
The resources now comprise an indicated 81Mt at 6.1% at Moriusaq and an inferred 7Mt at 12.2% at Iterlak East, 15km E of Moriusaq; another 7Mt at 9.2% surrounding the Moriusaq indicated resources, and 1Mt at 6.1...
A new study estimates Atalaya Mining’s 2nd copper operation in Spain, the $US260M capex Proyecto Touro project, can produce an average 30,000tpa copper and 70,000oz silver-in-conc over an initial 12-year LoM following 2-years of development.
The PFS gives the open pit mine/concentrator in NW Spain, an NPV8% post-tax of $180M and an unlevered 20.5% IRR, providing total free cash flow of $489M for an annual average $60M...
A new study estimates Atalaya Mining’s 2nd copper operation in Spain, the $US260M capex Proyecto Touro project can produce an average 30,000tpa copper and 70,000oz silver-in-conc over an initial 12-year LoM following 2-years of development.
The PFS gives the open pit mine/concentrator in NW Spain, in which it is earning 80%, an NPV8% post-tax of $180M and an unlevered 20.5% IRR, providing total free cash flow of $489M...
Underground expansions at its predominantly South African underground mines have lifted Petra Diamonds’ 9-months Mar 2018 (9-months Mar 18) production 13% on the previous corresponding period to 3.4Mcts and diamond sales up 7% to 3.18Moz taking revenues 14% higher to $US397.3M and on track for FY18 4.6Mcts-4.7Mcts.
The result was on a 4% ore treated rise to 15.2Mt and an increasing contribution of RoM carats to overall production due to...
NCZ has lined up buyers for 75% of the first 3.5 years of production from the revival of the Century zinc mine in N Qld, Australia by signing an offtake agreement with global commodity trader MRI Trading.
MRI will also advance a $US15M unsecured debt facility structured as a prepayment for zinc concentrates.
It's the fourth offtake contract executed by NCZ under its tender offering for up to 1.5Mt of zinc...
Galaxy posted March qtr (Q1) production of 43,852dmt of lithium concentrate at its Mt Cattlin operations in Western Australia, down from its record 52,139t in the previous qtr.
The increase in ore treated to 430,398wmt (Q2: 414,192t) and lower feed grade of 1.11% (1.27%) resulted in production costs rising to $US415/t ($325/t).
Galaxy expects to complete construction of an ultra fines DMS circuit, secondary float re-crush circuit...
Breaks - EMPIRE RES: Q3 18 GOLD PRODN PLUNGE
Empire Resources has seen Mar 2018 qtr (Q3 18) toll-treated gold production from its 60%-owned Penny’s Find mine near Kalgoorlie in Western Australia plunge to 5,061oz from Q2 18’s 7,837oz, on ore processed down to 25,771dt from 85,367dt, but with the average head grade up to 6.55g/t Au from 3.09g/t and AISC down to $A945oz from $1,692oz.
There were no major operational problems encountered in the pit, which has reached a depth of 75m...
Western Resources has approved a $C13.6M, 1st-up construction budget for early works on the Milestone Potash Project near Regina, Saskatchewan, Canada, the start of a 3-phase development plan.
The plan is for the construction of a full-scale 2.8Mtpa capacity project that includes phase-1 construction producing 146,000tpa of granular potash, then phases 2 & 3, each at 1.4Mtpa potash. The 1st stage of phase-1 is expected to be...
Western Resources has approved a $C13.6M, 1st-up construction budget for early works on the Milestone Potash Project near Regina, Saskatchewan, Canada, the start of a 3-phase development plan.
The plan is for the construction of a full-scale 2.8Mtpa capacity project for which an FS was completed in 2012 and environmental approval obtained in 2013. The plan includes phase-1 construction producing 146,000tpa of granular potash, then...
West Australian miner Red 5 posted gold production of 12,928oz for the March qtr (Q3FY18), down from 16,612oz in Q2 due to a 2-week plant breakdown. The lower production, plus heavy resource definition and development spending sent AISC soaring to $A1,815/oz from $1,291/oz.
Red 5 forecasts a return to production of 18,000-23,000oz at $1,400-1,550/oz in the June qtr and maintains CY2018 forecast of 85,000-95,000oz.