Search
Australian miner Manuka Resources is targeting a three-year build-up targeting production of about 25,000ozpa as it restarts gold production at its 100%-owned Mt Boppy mine in the NSW Cobar Basin.
The return to a project where it ceased openpit mining in the Dec 2021 qtr comes after drilling beneath the pit floor and nearby prospects helped establish a resource of 281,850t @ 4.95g/t.
Manuka has also established stockpiles and...
Australian-based AVZ Minerals is facing an increasingly tangled web of legal action over the equity rights to the Manono project, the planned $US545.5M development of a 20-year operation delivering 700,000tpa SC6 lithium and 45,375tpa primary lithium sulphate in DR Congo.
AVZ claims 75% of the project plus pre-emptive rights over 15% of the 25% held by DRC state miner Cominière.
However, it’s fighting International...
Australian engineer Monadelphous has secured dual 2-plus-5 year contracts to provide maintenance services and sustaining capital projects for global company Albemarle Lithium’s Kemerton operations in WA.
The new contracts, among $A125M in new work and extensions announced by Monadelphous, follow its large-scale structural, mechanical, electrical and instrumentation services for the 50,000tpa lithium hydroxide processing plant.
...
Azerbaijan-focused Anglo Asian Mining has further justification for its decision to start construction of an underground tunnel for exploration and production at its Gilar project, with drilling results resulting in significant improvements in the deposit size and confidence.
The non-JORC resource is now 5.64Mt @ 1.37g/t for 249,083oz gold, 0.82% for 46,466t copper and 0.87% for 48,786t zinc.
VP...
Australian miner Kingston Resources has positioned itself to take advantage of a growing resource base, operating processing plant, substantial surface and underground infrastructure after lifting contained copper and gold by 26% at its Mineral Hill project in NSW.
Following the consolidation of several previously identified deposits within the Mineral Hill mineral system, Jack’s Hut resource now stands at 1.6Mt @ 0.9%...
The dispute over the environmental impact assessment has delayed the construction start of Aguia Resources’ organic phosphate project in southern Brazil following a positive update of its bankable feasibility study.
MD Dr Fernando Tallarico says the new study reaffirmed the superior project economics of mining the high-grade oxidised ore to produce a unique organic fertiliser.
The phosphate fertiliser contains magnesium, calcium...
Australian-based Besra Gold has lined up funding of up to $US300M from major shareholder Quantum Metal Recovery to fully fund development of its 3Moz-plus Bau goldfield and appraisal of other deposits in Sarawak, East Malaysia.
Besra says the pre-purchase and offtake non-binding drawdown facility with the leading gold distributor, to be delivered at up to $10M monthly, should remove the need for equity financing and project or corporate...
The fluctuating fortunes of the Morning Star mine at Woods Point in Australia’s historic central Victorian goldfields have plunged again with owner White Rock Minerals announcing it has placed the project into care and maintenance.
Exec director Simon Finnis says, while White Rock had found promising grades on McNally’s Reef, funding pressures meant it would be imprudent to continue mining operations.
In more bad news for White...
Australian entrepreneur Andrew Forrest aims to strengthen his nickel interests with the launch by his private vehicle Wyloo Metals of an unconditional on-market takeover offer for 100% of Kambalda producer Mincor Resources.
Forrest entities are already the target company’s largest shareholder with 19.9%. The Wyloo offer of $A1.40 per share represents an equity value of $760M and a 35% premium to Mincor’s last closing...
Australian explorer Metal Bank has identified near-term delivery potential for critical minerals with the posting of a 42% increase in mineral resources at its Millennium copper-cobalt project in Mount Isa, Qld.
The project 35km NW of Cloncurry now holds JORC-compliant inferred resources of 8.4Mt @ 1.23% copper equivalent, comprising 0.09% Co, 0.29% Cu, 0.12g/t Au and 0.72g/t Ag.
Having reached its exploration target range at low...