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Mining Bulletin

The full story: In-depth news and analysis

FIREFINCH LAUNCHES ‘DECISIVE’ INTERVENTION TO OFFSET SLOW RAMP-UP AT MORILA MINE

The ‘perfect storm’ of events that have dragged the performance of its Morila Super Pit have left new miner Firefinch relying on increased resource and reserve estimates and a new mine plan to restore its fortunes.

TRITON TO PURSUE ANCUABE GRAPHITE PROJECT DESPITE FORCE MAJEURE OVER FATAL RAID

Triton Minerals has declared force majeure on site work at its Ancuabe flake graphite project in Mozambique following a mid-June raid by insurgents in which two of its security staff were fatally injured.

AERIS RESOURCES CREATES MID-TIER PORTFOLIO WITH $234M ROUND OAK ACQUISITION

Australian miner Aeris Resources has made a significant step towards becoming a mid-tier base and precious metals producer after completing the $A234M acquisition of the Round Oak Minerals assets of investor WH Soul Pattinson.

NEW TALISMAN SHAREHOLDERS SUPPORT LIFTING COBWEBS OFF HISTORIC KIWI MINE

New Talisman shareholders have backed a $3.5M capital raise and recovery plan to advance its long-delayed plans to reopen its historic gold mine in New Zealand’s Coromandel Peninsula. Ross Louthean reports

PILBARA MINERALS TARGETS GLOBAL LITHIUM SUPPLY ROLE WITH WA PROJECT EXPANSION

Australian lithium producer Pilbara Minerals gives the final investment decision for the near-$A300M expansion of its Pilgangoora operation as it positions itself to become a global player in the world’s pursuit of a sustainable energy future.

FORD OFFTAKE AND DEBT FUNDING DEALS MOVE LIONTOWN CLOSER TO KATHLEEN VLY GO-AHEAD

A third foundation offtake agreement and $A300M debt facility deal with Ford have cleared the way for Liontown Resources to reach a final investment decision on the planned $473M development of its Kathleen Valley lithium mining and processing project in Western Australia. John Feary reports

POSITIVE NEW REPORTS EMERGE FROM CANNINDAH RESOURCES’ EXPLORATION OF HISTORIC DEPOSIT

The story of the Mt Cannindah copper and gold project in Queensland, Australia has been described in an academic paper as one of “perpetual promise and repeated disappointment”, but the latest of its many explorers is finding more to be positive about. Ross Louthean reports

NORTHERN STAR LAUNCHES STUDY FOR POSSIBLE $1.4B SUPER PIT PLANT EXPANSION

Western Australia’s iconic gold mine, the Kalgoorlie Super Pit, could increase its annual production by as much as 200,000oz depending on the results of a feasibility study launched by owner Northern Star Resources

NEW DRILLING AND FUNDING TALKS ADVANCE CYPRIUM TOWARDS A NIFTY MINE RESTART

Positive infill drilling results and initial agreement on a $A50M secured prepayment offtake facility with global trader Glencore have brought Cyprium Metals a significant step closer to a restart of its Nifty copper mine in Western Australia. Ross Louthean reports

ANTILLES GOLD EYES SECOND CUBAN DEVELOPMENT IN ABANDONED RUSSIAN MINE

Australian-based Antilles Gold has identified a second potential project in Cuba for its joint venture with state mining company GeoMinera, in the remains of a Russian mining company’s abandoned Cold War-era mine.

LODE RESOURCES AIMS FOR A BIG SILVER LINING IN NEW ENGLAND EXPLORATION RESULTS

Australian explorer Lode Resources aims to overcome erratic markets for silver and the metallurgical challenges for achieving optimum recovery from its silver-rich discoveries in the New England belt stretching south into NSW. Ross Louthean reports

SUPERIOR RESOURCES AIMS FOR EXCITEMENT IN FOLLOW-UP DRILLING OF GREENVALE PROJECTS

It’s finding it tough to generate a market response, but Australian explorer Superior Resources is convinced its follow up to numerous ground-breaking findings at its Greenvale projects in North Queensland will be its most anticipated and exciting drilling program. Ross Louthean reports

ASSET DEAL ADVANCES HORIZON MINERALS’ COOLGARDIE PROJECT DEVELOPMENT PLANS

Horizon Minerals is targeting higher returns on investment by establishing a contract mining and toll milling model as it completes another deal aiming for the sequential underground development of its portfolio of gold projects in the West Australian Goldfields.

EIGHT-YEAR LIFE SENTENCE FOR BHP’S GIANT MT ARTHUR THERMAL COAL MINE

BHP has set a deadline of mid-2030 to cease mining at Australia’s largest openpit thermal coal mine after a two-year process seeking a trade sale failed to come up with a viable offer.

GUDAI-DARRI CARRIES RIO TINTO INTO THE FUTURE OF TECHNOLOGICAL INNOVATION

Trains and trucks and drills ... autonomous fleets and advanced systems are among the features that convey global iron ore leader Rio Tinto into a new era of technological innovation at its Gudai-Darri iron ore mine in Western Australia. John Feary reports

COMMUNITY BLOCKADE PREVENTS ANTOFAGASTA COPPER MINE PIPELINE REPAIRS

A community protest is delaying attempts by major Antofagasta to access and repair a pipeline leak that has halted the export of copper concentrate from its Los Pelambres mine in northern Chile.

BOSS GO-AHEAD POSITIONS HONEYMOON MINE FOR URANIUM MARKET RECOVERY

Boss Energy has declared it’s on track to become Australia’s newest uranium producer by the end of 2023 after reaching the final investment decision on the $80M redevelopment of the Honeymoon project in South Australia.

VITTANGI GRAPHITE RESOURCE UPDATE ADVANCES TALGA GROUP BATTERY ANODE STRATEGY

Battery minerals company Talga has confirmed its Vittangi graphite project in northern Sweden as Europe’s largest and the world’s highest reported grade as it advances its vertically integrated mine-to-anode strategy.

GLENCORE TO PAY $1.2B TO SETTLE BRIBERY AND MARKET MANIPULATION ALLEGATIONS

Global miner/trader Glencore declares it is a different company after agreeing to pay $US1.2B in penalties and costs to resolve a series of international probes into past bribery and market manipulation allegations.

OZ MINERALS TEAMS WITH HAVILAH TO ADVANCE POTENTIAL NEW S AUST COPPER PROVINCE

Prominent Australian producer OZ Minerals has teamed with explorer Havilah Resources in a strategic alliance that aims to explore and develop what could be Australia’s next great copper region in the Curnamona Province of South Australia.
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TOMBOLA GOLD: LORENA ACQUISITION SUPPORTS MINING QUICK-START

 

Cloncurry, Jun 20

Australian explorer Tombola Gold is focused on fast-tracked production in the Dec 2022 qtr after signing an $A8M binding term sheet to acquire 100% of the Lorena project near Cloncurry in Qld.
Lorena, which comprises an opencut mine, tenement package and integrated 250,000-300,000tpa gold and copper processing plant, is 30km from Tombola’s flagship, near-term Mt Freda and Golden Mile projects.
Key terms of the acquisition are the issue of $3M Tombola shares and $5M cash over up to 9 months.
Tombola aims to recommission and expand the CIL plant to commence treatment of Mt Freda and Golden Mile ore.

Tombola Gold Limited (Ausmex Mining)

Exchange Code: 
ASX:TBA
Website: 
http://tombolagold.com

Sydney-based explorer focused on large IOGC or porphyry deposits with projects in South Australia and Queensland. Formerly Perth-based explorer with interests in Mongolia and Myanmar.
May 2021: Name change from Ausmex Mining Group (ASX:AMG)
May 2017: Name change from Eumeralla Resources Limited following acquisition of private company Ausmex Mining Group

Registered Office:
Unit 307, 135-139 Pacific Highway
Hornsby, NSW, 2077
Telephone: +61 0423 955 016
Email: enquiries@tombolagold.com

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