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The full story: In-depth news and analysis

BHP EYES COPPER AND NICKEL GROWTH TO FOLLOW OZ MINERALS TAKEOVER

Global miner’s focus turns to the integration of the OZ Minerals business to accelerate its copper and nickel operations after Q3 declines lower full year production guidance.

GENESIS MINERALS DECLARES ITSELF THE LEONORA LEADER UNDER $600M ST BARBARA DEAL

West Australian mining leader Raleigh Finlayson is close to realising the dream of consolidating ownership of the major assets in the world-class Leonora region with agreement by his Genesis Minerals to acquire the local assets of rival St Barbara. John Feary reports

GHANA CONSOLIDATION JV FORECAST TO CREATE AFRICA’S LARGEST GOLD MINE

International miners Gold Fields and AngloGold Ashanti are predicting significant operational synergies by optimising the mining and consolidating the infrastructure of their immediately adjacent Tarkwa and Iduapriem gold mines in Ghana.

FMG OUTLINES $200M INITIAL CAPITAL COST FOR BELINGA IRON ORE PROJECT

Fast-moving Fortescue Metals sets a H2 2023 target for first production from its international iron ore expansion, the Beninga project in NE Gabon.

DRILLING POINTS TO MORE NEAR-TERM GROWTH AT SANTANA’S LEADING KIWI PROJECT

Explorer Santana Resources has highlighted significant near-term potential for further resource growth at its 100%-owned Bendigo-Ophir project in New Zealand’s South Island after drilling assays consistently surpassed past average grades at its Rise and Shine deposit.

GLENCORE’S $1.1B SALE OF COBAR MINE HERALDS NEW AUSTRALIAN BASE METALS EMPIRE

Global miner/marketer Glencore has reached binding agreement on the $US1.1B-plus-royalty sale of long-lived Cobar underground copper mine in Australia to special purpose funder Metals Acquisition Corporation.

NEWCREST SEES MORE DECADES AHEAD WITH GO-AHEAD FOR NEW CADIA STAGE DEVELOPMENT

Newcrest Mining has given the go-ahead for the next stage development of its flagship Cadia gold and copper mine in NSW, Australia after completing a feasibility study on its panel cave PC1-2 development.

GASCOYNE RESOURCES’ DALGARANGA A VICTIM OF THE PRESSURES ON WEST AUSTRALIAN MINES

Battling West Australian miner Gascoyne Resources will turn its focus to a financial restructuring and progressing higher-grade exploration assets to support a long-term mining plan after the sudden shutdown of its flagship Dalgaranga mine.

FIREFINCH ABOUT-TURN ON RECAPITALISATION SPELLS DEATH FOR MALI’S ‘GORILLA’ GOLD MINE

Australian-based miner Firefinch has given up on its efforts to recapitalise its 80%-owned Morila gold mine in Mali, almost certainly sending the mine once known as “Morila the Gorilla” into insolvency.

GROWING LINDA PROJECT TARGET HIGHLIGHTS ZINC POTENTIAL AT FLINDERS RANGE

New laboratory assays have doubled the size of the zinc soil anomaly target at critical minerals explorer Stelar Metals’ Linda zinc project in South Australia’s Flinders Ranges, with the scale and DSO grade indicating its potential for economic mineralisation at depth.

FALL OF GROUND AFTERMATH TRIGGERS ADMINISTRATION FOR RED RIVER’S THALANGA MINE

Australian miner Red River Resources has appointed administrators to its Thalanga zinc-copper-lead mine to tackle threats to its solvency due to continuing performance issues following a fall of ground incident nearly three months ago.

MALLEE RESOURCES REACTIVATES AVEBURY NICKEL MINE IN SIX MONTHS

Explorer Mallee Resources has joined the ranks of Australian nickel sulphide producers after making a successful start to the commissioning of the processing plant at its 100%-owned Avebury project in Tasmania.

MINERAL RESOURCES STILL PONDERING STRATEGIC OPTIONS FOR LITHIUM BUSINESS

Australia mining and services company Mineral Resources is continuing to evaluate “strategic options” for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA.

CAVALIER LIFTS HOPES FOR LEONORA PROJECT AFTER FIRST DRILL CAMPAIGN

West Australian explorer Cavalier Resources reports encouraging results in recent drilling that targeted extensions to the existing resource area at its 100%-owned Crawford gold project at Leonora.

CANNON RESOURCES PUTS OUT THE JV SHINGLE FOR WA’S COLLURABBIE PROJECT

West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry following analysis of historical geophysical data at its Collurabbie nickel-copper-PGE and gold project.

ELEVATE IDENTIFIES BIG URANIUM TARGET AT NAMIBIA’S KOPPIES PROJECT

Elevate Uranium has raised the potential to add significantly to its maiden 20.3Mlb U3O8 inferred mineral resource at its Koppies project in Namibia with the identification of a mineralised zone extending over 10km and up to 1,000m wide.

MID-2023 TARGET FOR APPROVAL OF HIGH-GRADE FEDERATION DEPOSIT UNDERGROUND MINE

Australian miner Aurelia Minerals has outlined the starting physical and economic picture for the development of an underground mine at its high-grade, low-cost Federation polymetallic deposit in the Cobar Basin of central-western New South Wales.

WA NICKEL EXPLORER ST GEORGE MINING JOINS THE TREND TO FOCUS ON LITHIUM

The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.

KINGSLAND MINERALS DRILLING BREATHES LIFE BACK INTO CLEO URANIUM PROJECT

Australian explorer Kingsland Minerals has laid the foundation to grow the footprint of the Cleo uranium mineralisation based on initial assay results from its maiden drilling program in the historic Pine Creek mining region in the NT.

EXPLORATION SUCCESSES CARRY BELARAROX TO NEW PHASE IN NSW SEARCH

Australian explorer Belararox is considering the release of a mineral resource estimate next month as it progresses metallurgical testwork on targets at the historical Native Bee mine site, part of its 100%-owned Belara project in NSW.
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Cannon Resources Limited

Exchange Code: 
ASX:CNR
Website: 
http://www.cannonres.com.au

Cannon Resources Limited

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Related Content

CANNON RESOURCES: KEDALION BID GOES UNCONDITIONAL

Post date: 
11/22/2022 - 15:30

Private equity firm Kinterra Battery Metals Mining Fund has declared its $A45M cash offer for Cannon Resources unconditional after building its stake in the Western Australia-focused nickel explorer to 34.2%.
The bid by Kinterra’s wholly owned subsidiary Kedalion Nickel is supported by Cannon’s directors and major shareholders.
The bid implementation agreement allows Kedalion to appoint a majority of board members on reaching 50.1% and move to compulsory acquisition at 90%.

CANNON RESOURCES: HISTORICAL DATA POINTS TO SEARCH TARGETS

Post date: 
10/19/2022 - 21:23

Analysis of historical geophysical data by West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry at its Collurabbie nickel-copper-PGE and gold project in the NE Goldfields.
Cannon says it’s now seeking a JV partner while it focuses on its more advanced Fisher East project in the same region.

CANNON RESOURCES PUTS OUT THE JV SHINGLE FOR WA’S COLLURABBIE PROJECT

Post date: 
10/19/2022 - 21:19
Author Name: 
Ross Louthean

West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry following analysis of historical geophysical data at its Collurabbie nickel-copper-PGE and gold project.

CANNON DELIVERS MORE RAPID RESOURCE GROWTH AT ITS FISHER EAST NICKEL PROJECT

Post date: 
08/15/2022 - 22:49
Author Name: 
Ross Louthean

West Australian explorer Cannon Resources has maintained the pace of resource growth at its flagship Fisher East project, adding 56,100t contained nickel at a discovery cost of $A104/t in just 12 months since its ASX listing.

CANNON RESOURCES: SABRE DEPOSIT GROWS FISHER EAST RESOURCE

Post date: 
08/15/2022 - 14:59

The Fisher East project in Western Australia’s NE Goldfields continues to grow for explorer Cannon Resources, reaching 134,100t contained nickel at 1.8% Ni.
In 12 months since its ASX listing, Cannon has increased JORC resources across four nickel sulphide deposits 145km NE of Leinster by 56,100t at a discovery cost of $A104/t Ni.

CANNON RES: FISHER EAST PROJECT GROWS WITH MAIDEN SABRE CUT

Post date: 
04/05/2022 - 14:02

Explorer Cannon Resources has lifted total resources at its flagship Fisher East project in Western Australia’s NE Goldfields to 116,300t nickel with the posting of a maiden 24,500t (1.8Mt @ 1.4% Ni) at the Sabre deposit.
Sabre joins the Musket, Camelwood and Cannonball deposits with JORC-compliant resources at Fisher East, 430km N of Kalgoorlie. CEO Steve Lynn says all four resources identified to date have near-surface mineralisation, expandable and open at depth.

CANNON RES: 44% NICKEL RESOURCES UPGRADE

Post date: 
03/09/2022 - 11:47

Explorer Cannon Resources has lifted JORC resources for its Musket deposit in Western Australia 44% to 2.4Mt @ 1.9% Ni for 45,400t contained nickel, taking Fisher East Project contained nickel out to 91,800t in 3 deposits – Camelwood, Cannonball and Musket.
Musket, 430km N of Kalgoorlie, WA, remains open laterally, internally and down plunge.

Mining Billboard

Insights and analysis from leading industry commentators

AUSTRALIA’S PILBARA AND EYRE PENINSULA WELL PLACED FOR A ‘GREEN’ STEEL BOOST

(COMMENTARY) Mining of the long-neglected magnetite iron ore could be a major beneficiary of Australian ambitions to become a global leader in the drive to achieve net zero, under a solution that would see green hydrogen plants developed next to green steelworks to boost efficiency and kickstart both industries.

DESPITE POLITICAL DIATRIBES, LIDDELL CLOSURE POINTS TO A BRIGHTER FUTURE

(COMMENTARY) The closure this month of Australia’s oldest coal-fired power station, the 52-year-old Liddell facility in New South Wales, will end one era but simultaneously lead to another in which the nation could open up new energy opportunities.

NEWCREST OFFERS CONDITIONAL COURTING RIGHTS AFTER REBUFFING SUITOR NEWMONT

(MERGERS AND ACQUISITIONS) Australian gold major Newcrest Mining has kept itself in play for more possible mergers and acquisitions discussions after rebuffing a $US16.9B second feint from Newmont Corporation and posting solid advances in the December half-year.

US GOVERNMENT BACKS IONEER PROJECT AS KEY TO CRITICAL MINERALS SUPPLY SECURITY

(DEVELOPMENT) The US government has recognised the potential value of Ioneer’s Rhyolite Ridge lithium-boron project in Nevada to the national push for security of critical minerals supply with the offer of a $700M development loan.

SAUDI MINING GIANT SEEKS MORE GROWTH THROUGH INTERNATIONAL PARTNERSHIPS

(EXPLORATION) Saudi Arabia’s majority government-owned mining company Ma’aden has unveiled three new initiatives using partnerships with international miners and the nation’s massive investment capacity to advance a new phase of domestic and international growth.

GLOBAL COAL USE REACHING ALL-TIME HIGH ... BUT INDUSTRY TRENDS POINT TO RAPID DECLINE

(COMMENTARY) The global use of coal for electricity generation will hit record levels this year, but lack of new investment in export-driven coal projects supports the expectation that peak coal has been reached and will rapidly decline in the face of global pressure on fossil fuels.
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