Search
The costs of developing and testing of the pilot plant at its 100%-owned Browns Range heavy rare earth project in Western Australia have driven Northern Minerals to a $A17.8M NLAT for the Dec half-year (H1FY19), out from its $9.6M loss a year earlier.
The deeper loss came despite increased R&D tax rebates and government grants lifted total income to $8.9M (H1FY18: $3.6M).
The pilot plant costs also lowered cash reserves at end-...
Venturex is funded to progress long lead items, final designs, project finance and permitting for its 100%-owned Sulphur Springs copper-zinc project in Western Australia after receiving firm commitments for $A3.65M via a placement of 16.1M shares at 22cps.
MD AJ Saverimutto says strong support from new institutional and sophisticated investors enables Venturex to maintain high momentum with the Sulphur Springs implementation plan while...
Australian miner Wollongong Coal faces a potential shutdown of several weeks at its Wongawilli colliery in southern NSW after being ordered to cease all mining activities by state mine inspectors.
WLC says the prohibition notice was issued after health and safety officers identified areas of concern including strata roof supports and risk associated with the conveyor systems in underground inspections last week.
Wongawilli will stay closed until risk assessments...
The prospects of a Canadian metallurgical coal mine challenging the dominance of Australia’s Hunter Valley region in supplying the energy needs of Japanese and South Korean steel mills have been boosted by a strong definitive feasibility study on Allegiance Coal’s Tenas project.
For chairman David Fawcett, the DFS confirmed the Tenas project in NW British Columbia as a “truly unique” project with potential to be one of if not the lowest...
Allegiance Coal aims to gain permits to mine over the next 18 months to bring its Tenas project in the NW of British Columbia, Canada into production after delivering excellent results on a DFS outlining production of 750,000tpa saleable metallurgical coal over 22 years.
For Australian-based Allegiance and partner Itochu Corporation, the DFS estimates $US54.3M start-up capital expenditure and very low cash costs of $49....
West Australian company BCI Minerals has named Perth-based GR Engineering to conduct the DFS and undertake design and supervision of early site works and infrastructure for its 100%-owned Mardie salt and potash project on WA’s Pilbara coast.
MD Alwyn Vorster says the DFS will position BCI to reach a final investment decision by the Jan 2020 qtr.
The DFS is weighing a 4Mtpa salt and 100,000tpa...
Venus Metals has confirmed a “world-scale” vanadium oxide open pit resource at its 90%-owned Youanmi project in Western Australia’s Mid-West containing 458,900t (1Blbs) V2O5 (vanadium pentoxide) within 134.7Mt grading 0.34%.
The company says the large measured 86Mt resource containing 285,400t V205 enables it to confidently proceed with metallurgical testwork and scoping studies to rapidly advance the project. Current market price for...
Aussie heavy rare earths producer Northern Minerals is looking to raise $A20M via multiple subscription agreements for the placement of 400M shares at $0.05 per share and is considering a further entitlement offer on a 1-for-15 basis at the same price.
The raising is primarily to ramp up exploration at the high-grade Dazzler and Iceman prospects at the company’s 100%-owned Browns Range Heavy Rare Earth Project in N Western Australia,...
CIMIC’s global mining services provider Thiess’ Majwe Mining J/V has secured a $A1.7B contract at Debswana Diamond’s Jwaneng Mine Cut 9 diamond project in Botswana.
Under the Majwe J/V contract, Thiess (70%) and local partner Bothakga Burrow Botswana (30%) will provide full scope mining services over 9-years, including drill and on-bench services, mine planning, equipment maintenance,...
Avenira aims for a final investment decision in H1 2020 following a strong FS outcome for the proposed openpit mine development delivering 1Mtpa phosphate concentrate over an initial 13.4 years at its 80%-owned Baobab project in Senegal.
The $US183M capital cost development is forecast to produce 36.4% P2O5 concentrate at direct operating costs of $56/t. Baobab’s maiden probable ore reserve is 39.3Mt @ 18.9%.
The FS calculates post...