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Explorer Aura Energy is positioned to advance development of its Tiris project in Mauritania to development in time for forecast strengthening uranium markets after raising $A10M in a placement to world-wide investors.
The Australian-based company says the placement of 54M shares at 18.5cps will also enable it to target resources growth in Mauritania’s Tiris Zemmour province.
Armenian miner Chaarat Gold is maintaining FY2023 production guidance of 50,000-55,000oz own ore and 5,000-10,000oz third party ore at its Kapan gold mine after posting March qtr (Q1) output of 13,867oz, compared to 14,992oz a year earlier.
AISC was $US1,397/oz (Q1FY2022: $1,352/oz), compared to its realised gold price of $1,898/oz ($1,853/oz). Preliminary EBITDA was $3.2M ($7.6M).
CEO Mike Fraser says Kapan is operating on a...
West Australian explorer Meeka Metals has grown the total mineral resource of 1.215Moz (12.7Mt @ 3g/t) as it progresses a PFS for its 100%-owned flagship Murchison gold project due for release in the June qtr.
The update is underpinned by an initial indicated resource of 25,000oz (270,000t @ 2.8g/t) at the St Anne’s deposit, a shallow oxide deposit to the south of the Turnberry deposit with its resource of 685,000oz @ 2g/t.
Meeka...
Developer Hastings Technology Metals remains on track for first rare earth concentrate production by late 2024 at its Yangibana project in Western Australia’s Gascoyne region, awarding a $A210M engineering, procurement and construction contract to GR Engineering Services for its beneficiation plant and associated infrastructure.
The contract comprises a fixed price $180M for the 1Mtpa capacity plant and $30M provision mainly for...
Chilean-focused explorer Southern Hemisphere is at last moving on to scoping and metallurgical studies at its 100% owned Los Pumas battery metal manganese project after posting a 27.5% increase in its JORC resource.
The indicated-inferred resource of 30.26Mt @ 6.24% Mn, 5.74% Al, 2.84% Fe2O3, 2.95% K, 0.05% P, 56.5% SiO2 and 2.15% SG calculated by Global Commodity Solutions advances the project’s potential to produce high purity...
International miner Gold Fields has teamed with Osisko Mining in a partnership to develop and mine the Windfall project, its potential high-quality, low-cost underground gold mine in Québec, Canada.
Gold Fields has acquired 50% ownership of the Windfall Mining Group for $C600M cash and 50% of the Urban Barry and Quévillon district exploration camps by funding the first $75M of interim and construction capital spending....
International miner Hummingbird Resources is powering towards achieving the first gold pour at its Kouroussa openpit mine in Guinea this quarter after reaching practical completion and begun the commissioning phase on its processing plant.
Joining its Yanfolila gold mine in Mali, Kouroussa is expected to advance Hummingbird to a 200,000oz-plus gold producer in multiple jurisdictions.
The company has sufficient ore...
North American-focused explorer New World Resources remains on track to submit mine permit applications in the Sept 2023 qtr at its 100%-owned Antler copper deposit in Arizona, USA after updating its scoping study that lifted its resource base by 48%.
The larger resource of 11.4Mt @ 4.1% copper equivalent, comprising 2.1% Cu, 5% Zn, 0.9% Pb, 32.9g/t Ag and 0.36g/t Au,...
Namibian-focused explorer Arcadia Minerals has set its sights on establishing a resource of over 500,000t lithium carbonate equivalent at its Bitterwasser project after posting a 14% increase to 327,284t Li2CO3-equivalent at its clay project pans.
The increase comes via a maiden resource of 40,375t (13.7Mt @ 553ppm) over the Madube clay deposit.
CEO Philip le Roux says a clear trend to increase resources deeper into the pan orebody...
Three months after its split with former partner Alcoa, emerging critical mineral developer FYI Resources has revised the development schedule for its proposed high purity alumina project in Western Australia.
FYI now plans a 1,000tpa HPA production/demonstration plant at Kwinana near Perth as part of a phased and scalable pathway towards commercialisation of the project.
As well as de-risking and optimising the...