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The success of a near-surface drilling program has enabled Australian explorer Polymetals Resources to increase contained silver resources by 48% to 8.9Moz at its Endeavor mine in the Cobar Basin of NSW.
The JORC compliant measured, indicated and inferred resource for Endeavor’s Upper Main Lodes is 818,000t @ 528g/t silver equivalent, comprising 7.1% for 58,078t zinc, 5.1% for 41,718t lead and 338g/t for 8.89Moz...
South Australian developer Rex Minerals has inked a $A100M-plus mobile equipment deal as it progresses its Hillside copper-gold project on the Yorke Peninsula towards first production in the Dec 2025 qtr.
While Rex continues talks with potential project equity, debt funding and design engineering providers, CEO Richard Laufman says its letter of intent with Hitachi Construction Machinery ensures it can adhere to its...
A massive rainstorm in early March that halted production at the Capricorn Copper mine is set to cost Australian miner 29Metals heavily.
After developing a recovery plan that assumes no production from the mine 120km N of Mount Isa until about Oct 2023, 29Metals has slashed its FY2023 guidance to 7,000-9,000t copper, down from its original 19,000-23,000t, and 40,000-50,000oz silver (previously 180,000-260,000oz).
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Indonesian-focused explorer Sihayo Gold has hailed the “truly transformational” benefits of caustic pre-leaching for its Sihayo Starter project in North Sumatra.
Exec chairman Colin Moorehead says high PH pre-leaching can improve the economics of its openpit ore reserve and potential to unlock deeper, high-grade mineralisation beneath the current planned pit shell.
An updated ore reserve estimate and project economics study lifts gold production...
Australian producers of critical minerals are in line to gain priority access to American investment and markets as part of an agreement between the leaders of both countries to coordinate their policies to support the industry’s growth.
In a joint statement by US President Joe Biden and Australian PM Anthony Albanese issued after a Quad leaders' summit in Japan, Biden said he would ask US Congress to list Australia as a “domestic source” under the Defense Production...
A detailed review has delivered strong improvement in the economic forecasts for Australian tungsten miner EQ Resources at its 100%-owned Mt Carbine mine near Cairns in Qld.
The study is based on the 43% increase in the project’s opencut ore reserves announced last month and follows the decision to double plant capacity from 2025 that will increase tungsten concentrate production by 25% and bring revenue forward.
It now delivers NPV at 8% discount...
West Australian explorer Ausgold has raised production expectations at its 100%-owned Katanning gold project after a scoping study indicated the viability of a 5Mtpa operation, up from the 3Mtpa rate assessed in its PFS last year.
The new study outlined average production of 155,000ozpa over the first six years and 136,000ozpa over 10 years, compared to the PFS figure of 105,000ozpa. It forecast pre-tax NPV at 5% of $A819M, IRR of 46%...
Growing market demand has seen West Australian producer WA Kaolin transition to 24-hour operations as it approaches Stage 1 nameplate capacity of about 200,000tpa at its Wickepin operation in the WA Wheatbelt 220km SE of Perth.
The company has completed the construction of a $A1M undercover ore storage facility and aims to commission a 20kg packaging plant next month to access a broader market for non-bulk and higher-value orders.
CEO Andrew...
Australian phosphate miner Centrex has achieved a milestone for the national industry with the export of the first shipment of phosphate rock from its 100%-owned Ardmore project near Mount Isa in NW Qld.
The 15,000t shipment has gone to a substantial South Korean commercial fertiliser producer via Centrex’s exclusive market services agreement with trader Samsung C&T covering 20% of Ardmore’s production.
MD Robert Mencel says Centrex is...
LME ($US) 3-month closing prices, May 21 –
Copper 8,242.00
Aluminium 2,284.00
Zinc 2,476.50
Nickel 21,470.00
Lead 2,091.00
Tin 25,451.00
NASDAQ ($US) closing prices, May 19 –
Palladium 1,523.80
Platinum 1,075.70
Copper 3.732
Silver 24.06
Gold 1,981.60
NYMEX ($US) 62% Fe CFR China, market close, May 19 –
Iron ore 107.10