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The dispute over the environmental impact assessment has delayed the construction start of Aguia Resources’ organic phosphate project in southern Brazil following a positive update of its bankable feasibility study.
MD Dr Fernando Tallarico says the new study reaffirmed the superior project economics of mining the high-grade oxidised ore to produce a unique organic fertiliser.
The phosphate fertiliser contains magnesium, calcium...
Australian-based Besra Gold has lined up funding of up to $US300M from major shareholder Quantum Metal Recovery to fully fund development of its 3Moz-plus Bau goldfield and appraisal of other deposits in Sarawak, East Malaysia.
Besra says the pre-purchase and offtake non-binding drawdown facility with the leading gold distributor, to be delivered at up to $10M monthly, should remove the need for equity financing and project or corporate...
The fluctuating fortunes of the Morning Star mine at Woods Point in Australia’s historic central Victorian goldfields have plunged again with owner White Rock Minerals announcing it has placed the project into care and maintenance.
Exec director Simon Finnis says, while White Rock had found promising grades on McNally’s Reef, funding pressures meant it would be imprudent to continue mining operations.
In more bad news for White...
Australian entrepreneur Andrew Forrest aims to strengthen his nickel interests with the launch by his private vehicle Wyloo Metals of an unconditional on-market takeover offer for 100% of Kambalda producer Mincor Resources.
Forrest entities are already the target company’s largest shareholder with 19.9%. The Wyloo offer of $A1.40 per share represents an equity value of $760M and a 35% premium to Mincor’s last closing...
Australian explorer Metal Bank has identified near-term delivery potential for critical minerals with the posting of a 42% increase in mineral resources at its Millennium copper-cobalt project in Mount Isa, Qld.
The project 35km NW of Cloncurry now holds JORC-compliant inferred resources of 8.4Mt @ 1.23% copper equivalent, comprising 0.09% Co, 0.29% Cu, 0.12g/t Au and 0.72g/t Ag.
Having reached its exploration target range at low...
Australian-based Mineral Commodities has made an important step towards restoring profitability at the Tormin mineral sands project on South Africa’s west coast after achieving first production of zircon, rutile, ilmenite and garnet concentrate from the Inland Strands.
Interim CEO Adam Bick says the quick transition two weeks after it commenced processing Inland Strands ore will increase Tormin production and sales revenues.
African technology metals miner Andrada Mining predicts significantly higher tin concentrate production while continuing to assess options for achieving early lithium revenues at its Uis project in Namibia.
A record final quarter lifted tin concentrate production of 960t for the year to end-Feb (FY23), up from 804t in the previous period. Contained tin production also rose to 586t (FY22: 496t) while AISC improved to $...
Thor Explorations has more than doubled contained gold at its Douta project in Senegal to 1.78Moz, comprising 874,900oz (20.2Mt @ 1.3g/t) indicated and 909,400oz (24.1Mt @ 24.1g/t ) inferred.
President-CEO Segun Lawson says the updated resource base provides a solid foundation for more advanced studies on the pathway to developing Thor’s second operating gold mine in West Africa.
Canadian-based Thor holds 70% economic interest in...
Australian company Burgundy Diamond Mines has followed up its “transformational” $US136M bid for Canada’s giant Ekati mine by pulling out of its prior deal to acquire the Ellendale project in its home country.
Burgundy signed an option deed two years ago to acquire the historic Ellendale mine, once renowned for its iconic yellow diamonds, from Gibb River Diamonds.
It has now advised Gibb River it will not exercise the option and...
New producer Tietto Minerals aims to release production and cost guidance to end-2023 late this month and an updated life of mine plan in the June qtr after completing the process plant commissioning of its 88%-owned Abujar gold mine in Côte d’Ivoire.
Since Abujar poured its first gold on Jan 14, gold recoveries have been consistent with expectations, grade control and mill production are showing strongly positive reconciliation.
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