Search
Australian explorer Coda Minerals has approved the immediate start of prefeasibility study work after a scoping study presented a financially robust case for its 100%-owned Elizabeth Creek copper-cobalt project in SA’s OIympic Copper province.
The study outlines the development of two openpits and an underground mine to produce about 25,000tpa Cu and 1,000tpa Co at 1.86% CuEq over 14 years.
Estimated pre-production capex for the 2-...
The Chatree mine in central Thailand has achieved its first gold pour in six years for its Australian-based owner Kingsgate Consolidated, delivering 155.732kg within a week of gaining the approval of the Department of Primary Industries and Mines.
Australian coal miner New Hope has acknowledged it faces $A38.5M economic outflow after completion of court proceedings triggered by the collapse of its subsidiaries Northern Energy Corp and Colton Coal nearly five years ago.
Liquidators appointed by creditors in July 2019 investigated some transactions and subsequently claimed an estimated $174.1M plus interest and costs over allegations of insolvent trading, asset transfers and breaches of duty.
...
Queensland Pacific Metals has further strengthened supply security for its planned Townsville Energy Chemicals Hub refinery, signing a binding ore supply agreement with New Caledonian nickel miner Société Minière Georges Montagnat.
The 10-year agreement for up to 200,000wmtpa at typical limonite ore specification of 1.5% Ni and 0.18% Co sits alongside the Australian battery metals refinery’s existing deals with Société Le Nickel and...
Developer Firebird Metals has moved significantly towards a major manganese operation at its Oakover project in Western Australia’s East Pilbara region, lifting indicated mineral resource by 80%.
Following its positive scoping study last year, 2,828m infill drilling has resulted in indicated resources of 33.9Mt @ 9.7% Mn at the Karen deposit and 13.1Mt @ 9.7% Mn at Jan Eye. The two deposits were not part of the study.
The overall...
West African-focused Robex Resources is set to proceed with long-lead items, starting earthworks and program to complete its feasibility study for development of its Kiniero gold project in Guinea after signing a $US35M bridge loan with independent Australian-based fund manager Taurus Mining Finance Fund No 2.
CEO Benjamin Cohen says the new partnership to build its new flagship project enables Robex to secure its capex...
Significant increases in key input costs, particularly electricity, have seen Atalaya Mining slash its FY2022 profit to EUR30.9M from EUR132.2M in the previous year.
Copper production from its Proyecto Riotinto operation in Spain slipped to 52,269t following its logistics issues in Q1 (FY2021: 56,097t). AISC rose to $US3.37/lb ($21.48/lb) against average realised prices of $3.96/lb ($4.22/lb).
Revenue was $361.8M ($405.7M),...
West Australian explorer Solstice Minerals will extend its search for lookalike structural targets after posting a maiden independent inferred mineral resource estimate of 177,000oz gold (4.6Mt @ 1.2g/t) at its 80%-owned Hobbes project 150km NE of Kalgoorlie.
Solstice says the shallow resource reported by Cube Consulting extends to 160m below the surface, with potential for a modest strip ratio after removing relatively...
Company - Solstice Minerals Limited
Perth-based company focused on exploration of tenements in Western Australia’s Eastern Goldfields demerged from OreCorp.
Apr 2022: Listed on ASX following $A12M IPO issue of 60M shares at 20cps
Australian explorer Sky Metals continues to demonstrate the scale of its 100%-owned Tallebung project in central NSW with the posting of a maiden inferred resource of 10.2Mt @ 0.18% for 18,400t tin.
The resource is open along strike and down-dip, and Sky has also established an exploration target of 16-21Mt @ 0.16-0.2% Sn.
CEO Oliver Davies says the opportunity is also underlined by the ability of up-front TOMRA XRT ore sorting to...