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Improved grades and gold recoveries have enabled Kazakhstan-focused miner AltynGold to lift its FY2022 production to 34,023oz gold, up from 27,747oz a year earlier and the highest level since operations commenced at the Sekisovskoye mine near the regional centre of Oskemen.
The increase was achieved despite extreme weather conditions that limited Dec qtr (Q4) production, leaving the company to draw on its ore stockpile.
Average...
Australian explorer Magnetite Mines continues to open up export logistics options for its 100%-owned Razorback iron ore project in SA, signing a non-binding agreement with leading port operator Flinders Ports. It follows MGT's recent similar agreement with Whyalla Ports.
In addition to Flinders’ seven existing ports along the SA coast, the agreement opens up the option of a greenwater port development capable of directly...
Centaurus Metals has again extended the deadline for the DFS on its 100%-owned Jaguar nickel sulphide project in Brazil until late in the Dec 2023 qtr to continue a successful pilot program.
After initial delays in accessing ALS Metallurgy testing facilities in Western Australia, Jaguar says the first two of four work phases delivered 98.6% leach extraction and over 99% zinc and calcium recovery from the leach solution with only 09.8%...
Mineral sands developer Titanium Sands has strengthened expectations for the scoping study at its Mannar Island project in Sri Lanka with a 20% increase in resources to 318Mt @ 4.17% total heavy minerals.
The updated estimate by South African geological consultant GeoActive has grown the high-grade zone in Mannar’s Domains 2 and 8 by 57% to 145.6Mt.
Operational instability at the Portland aluminium smelter in Victoria will cost close to 90,000tpa production due to a partial curtailment announced by its 55% owner Alcoa Australia.
The 408-pot smelter has previously been operating at about 95% of its 358,000mtpa capacity, but has faced instability and challenges related to production of rodded anodes that convey electricity into the smelting pots.
Rob Bear, Alcoa’s VP Operations for Australia,...
Northern Star Resources is predicting a likely impact of 20,000-40,000oz on FY23 gold production at its Pogo operations in the USA due to the failure of a ball mill motor.
The Australian-based major says the ball mill motor tripped during the restart of operations following a routine shutdown last week at the project, 145km SE of Fairbanks in Alaska. Repairs to the ball mill motor are currently expected to take up to six weeks.
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Australian-based Burgundy Diamond Mines has launched a transformational bid to become a world-leading vertically integrated company with a $US136M bid to acquire the giant Ekati mine in Canada’s Northwest Territories.
The deal to acquire 100% of Arctic Canadian Holdings comprises $21M shares, $15M deferred cash and $100M repayment of outstanding debt. Burgundy plans a $150M conditional placement to fund the acquisition.
The world...
World No 1 natural rutile producer Sierra Rutile Holdings is weighing its options after a Sierra Leone court reportedly froze all the assets of its local subsidiary owning its mineral sands project.
The court order follows an August 2021 High Court judgment on claims by long-term project mining services contract Transcend International Resources alleging illegal/improper use and damage to its equipment.
Sierra...
Australian uranium explorer Kingsland Minerals has continued the rapid progress since its mid-2022 ASX listing, posting an inferred mineral resource for its 100%-owned Cleo deposit of 6.8Mt @ 345ppm for 5.2Mlb U3O8.
Cleo lies within Kingsland’s Allamber project near Pine Creek in the NT. MD Richard Maddocks says the mineralisation remains open along strike and at depth, setting a firm platform to build the resource base.
West Australian explorer Horizon Gold has established a maiden mineral resource of 200,000t zinc equivalent for the Altair zinc-copper-silver deposit at its 100%-owned Gum Creek project in the Murchison region.
The inferred resource of 7Mt @ 1.8% for 130,000t Zn, 0.5% for 30,000t Cu and 5g/t for 1.1Moz Ag lies within 750m strike length. MD Leigh Ryan says the estimate, in line with expectations, retains the potential to add significant...