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Australian gold producer Northern Star expects a new level of sustainable production, with successful exploration and acquisitions forecast to increase production by 30% and reduce costs by 10% over the next two years.
Northern Star has released guidance updates for its Jundee and Kalgoorlie Operations in Australia (excluding its 50% KCGM Superpit stake) and Pogo mine in Alaska, USA.
It predicts June 2021 (FY21) production of 540,000-600,000oz at...
Fenix Resources expects to ship 1st direct shipping ore (DSO) from its Iron Ridge iron ore project in Western Australia’s Mid-West in early 2021 after WA’s Dept of Mines, Industry Regulation and Safety (DMIRS) approved the stage-1 mining proposal.
This key approval means Fenix is on track to start Iron Ridge’s development later this year.
The project is a high-grade (64.2% Fe) 1.25Mtpa DSO project with an estimated feasibility...
Canadian-based Starcore International Mines has overcome COVID-19 disruption to date, lifting production from its 100%-owned San Martin mine in Mexico to 3,259oz gold equivalent in the July qtr (Q1FY21) from 2,925oz in the previous period.
COO Salvador Garcia says the pandemic in Mexico is testing Starcore’s capacity to respond quickly and diligently, but so far has not materially impacted its operations.
Garcia says its...
Australian explorer Macarthur Minerals has underpinned the feasibility study on its Lake Giles iron project in WA after lifting magnetite mineral resources to 53.9Mt measured @ 30.8% head grade and 66% Fe DTR concentrate and 218.7Mt indicated @ 27.5% head grade and 66.1% concentrate grade.
The project 175km NW of Kalgoorlie also holds inferred resources of 997Mt @ 28.4% head grade and 64.6% concentrate grade.
The upgrade by CSA...
West Australian gold miner Regis Resources sees the opportunity to extend the life of its Duketon operations 350km NE of Kalgoorlie with agreement to acquire the 290,000oz (5.8Mt @ 1.6g/t) Ben Hur openpit nearby.
Regis will issue $10M worth of its shares plus a 1% net smelter royalty capped at $5M to Stone Resources.
As well as the potential boost to its Duketon production portfolio, MD Jim Beyer says Regis sees potential for...
Battery industry-focused Lithium Australia is set to fast-track the growth of its battery recycling business Envirostream Australia and energy storage systems supplier Soluna Australia after completing the first part of a $A6M raising.
The company has raised $4M through a heavily oversubscribed placement of 75.5M shares at $0.053 to institutions, sophisticated and professional investors and launched a $2M share purchase plan for...
Australian-based Evolution Mining has suspended operations at its recently acquired Red Lake underground gold mine in NW Ontario, Canada due to the threat of a forest fire.
The fire has led to the suspension of development construction at Pure Gold Mining’s own Red Lake project and the evacuation of the 4,000 residents from the town of Red Lake, about 535km NW of Thunder Bay.
Evolution says all employees and...
World leading refractory producer RHI Magnesita has emerged as a potential major customer for the graphite concentrate production from BlackEarth Minerals’ 100%-owned Maniry project in southern Madagascar.
Under a binding MoU, RHI and BlackEarth will study and optimise the potential for Maniry to supply natural graphite concentrate products tailor-made to produce high-quality refractory products.
MD Tom Revy says...
Canadian miner Pure Gold has temporarily suspended work at its 100%-owned Red Lake mine in NW Ontario as firefighting crews with five water bombers and ground crews battle to contain a forest fire burning south of the town of Red Lake.
Pure Gold says the fire is moving away from the under-construction mine. While all residents have been advised to evacuate the municipality, a security force remains at the mine site.
All mine staff and contractors...
Australian-based Europa Metals is confident of taking advantage of the global marketing expertise of concentrate agent Conrad Partners after signing a non-exclusive agreement to develop commercial opportunities for sales of concentrate products from its 100%-owned Toral lead, zinc and silver project in NW Spain.
Conrad is a leading Hong Kong-based concentrate agent handling concentrate sales for pre-...