PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Perth, Western Australia - Thursday June 17, 2021 |
King River projects $190m annual cash torrent from Kwinana HPA |
King River has its sights set on production after tabling a stunning set of numbers in its recently completed pre-feasibility study for the construction of a cutting-edge plant at Kwinana, south of Perth in WA, to manufacture high-purity alumina. The plant is expected to cost $204 million and will deliver more than $190 million per annum in free cash flow over an initial 25-year operation. |
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Hot Chili set to grow high-grade copper inventory ahead of PFS |
Hot Chili has dished up a bumper-grade 144m intercept at 1 per cent copper-equivalent as it looks to grow the resource at the Cortadera deposit within its broader Costa Fuego copper hub in northern Chile. The company is eyeing a pre-feasibility study to fast-track Costa Fuego to production with the high-grade core at Cortadera to play a key part. |
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Gascoyne consolidates Murchison gold base with timely merger |
WA gold producer Gascoyne Resources Limited has expanded its footprint in WA’s Murchison goldfield via a $43 million all-scrip takeover of neighbour Firefly Resources and its circa-200,000-ounce Melville gold project. The proposed $160 million union will bring Firefly’s Yalgoo resources and ground into Gascoyne’s Dalgaranga production plan as the latter aims for annual gold production of 100,000 ounces. |
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Superior kicks off major QLD gold and copper drill campaign |
Queensland-focused Superior Resources has kicked off a significant new drilling program that will look to build on its gold resource base and follow up intriguing copper exploration signals at Greenvale in the state’s north. Managing Director, Peter Hwang says the planned 8,000 metres of drilling is shaping up as a defining step for the company and its bold blueprint for a greater Greenvale gold-copper production hub. |
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Valor Resources builds high-grade copper position in Peru |
Valor Resources has continued to build its portfolio in the Americas, pegging 14 new mining concessions around its Picha copper-silver project in southern Peru. The staking spree comes in the wake of recent channel sampling that produced grades up to 6.04 per cent copper and 18 ounces to the tonne silver, pointing to the potential of the underlying mineral system. |
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Taruga hits strike extensions and new copper zone in SA |
Taruga Minerals has delivered more solid copper hits at its Wyacca discovery in South Australia. Final results from recent drilling have confirmed continuation of mineralisation along strike to previously reported intercepts, with new intersections including 2m grading 1.1 per cent copper. A new copper zone about 1km from the main Wyacca trend has also been identified. |
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Kairos sees prospects for larger gold haul ahead at Pilbara project |
Kairos Minerals is moving closer to the coveted one-million-ounce resource threshold at the Mt York gold project in Western Australia’s Pilbara region. The company has launched a 20,000m reverse circulation drilling campaign with the aim to convert a newly defined exploration target into ounces that can be added to the project’s existing 873,000 ounce resource base. |
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Victory back drilling over WA copper-gold porphyry find |
Victory Mines has returned to drilling at the Coogee copper-gold discovery, near Kalgoorlie in Western Australia. The company has launched into a 6,000-metre drilling program over the prospect as it looks to begin testing a large porphyry target with recent resampling returning 17 metres at 1 per cent copper and 1.98 grams per tonne gold from only 77m down-hole. |
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Mineral Commodities ready to ramp up Norway graphite production |
ASX-listed Mineral Commodities has initiated decline mining at its Traelen graphite operation in Norway as it looks to build concentrate production from Skaland, one of the world’s significant natural flake graphite sources, from the current 10,000 tonnes per annum up to 16,000tpa by 2023. Exploration drilling to grow the resource base and deliver a maiden ore reserve for Traelen has also commenced. |
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Ardiden set to step up gold chase in Canada |
Canada-focused Ardiden is set to shift its exploration efforts into higher gear at its Pickle Lake gold project in Ontario. The company is eyeing a maiden drilling campaign at the Esker prospect near Barrick Gold Corp’s historical Golden Patricia gold mine which produced more than 600,000 ounces of gold. Previous drill intercepts at Esker include 12.03m at 3.2 grams per tonne gold. |
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AVZ secures lease over land for DRC lithium logistics hub |
AVZ Minerals has locked in a long-term lease over an industrial site earmarked as an integral logistics hub for the transfer of concentrate for export from its proposed Manono hard-rock lithium project in the DRC. The company says the Kabondo Dianda “intermodal staging station”, where the Manono concentrate will be trucked, forms part of its logistics plan to export finished products to global markets. |
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Assays awaited for suspended CZR Mid West gold hunt |
CZR Resources has managed to punch its way through almost half the planned 5,000m reverse circulation drilling program being undertaken at its 85 per cent-owned Buddadoo gold project in WA despite heavy rain. The company recently completed 24 holes for 2,298m on the first of several priority prospects straddling the Salt Creek shear in its project area on the Gullewa greenstone belt. |
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Nickel sulphide hits encourage Estrella to widen exploration lens in WA |
ASX-listed Estrella Resources has dished up a 22.85m intercept of nickel-copper sulphides above a previous hit that returned 20.1m going 1.04 per cent nickel at its T5 discovery north of Kalgoorlie in WA. Results from the current phase-three drilling campaign are due soon as the company continues to advance its geological understanding of the prospect ahead of the next stage of its exploration. |
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Maximus expands gold hunt near Kambalda in WA |
WA-focused gold and nickel explorer Maximus Resources has expanded its current multi-target gold drilling campaign at Spargoville west of Kambalda to include a 1km-long anomaly at the Hilditch West gold target. The company is close to wrapping up an exploration and resource drilling program in the vicinity of the former gold-rich Wattle Dam mine in the Spargoville area. |
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Todd River delivers 3km-long WA nickel-copper target |
Todd River Resources has outlined a three-kilometre-long nickel-copper target at its Berkshire Valley project, 150 kilometres north-east of Perth in Western Australia. Recent shallow aircore drilling, designed to test for mineralisation below the soil and alluvium that blankets the region, has consistently returned highly anomalous base metal values kicking as high as 4,800 parts per million copper and 4,000 ppm nickel. |
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Wiluna Mining completes sulphide gold development funding |
Wiluna Mining Corporation has wrapped up its US$42 million term loan from commodity trader Mercuria and says stage one sulphide gold expansion to more than 120,000 ounces per annum and feasibility study work on its next phase of growth are now fully funded. The FS on lifting annual output at Wiluna in WA past 240,000 ounces is expected to be completed this year. |
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Kalgoorlie prospects produce more solid gold hits for Horizon |
Horizon Minerals has reported a host of encouraging intersections from a follow-up RC drilling program at three prospects within its Binduli gold project 12km west of Kalgoorlie. The pick of the drill hits came from the Honeyeater prospect, which returned 4m at 11.45 g/t gold from 113m including 1m at 32.4 g/t and 4m at 5.15 g/t from 93m including 1m at 13.54 g/t. |
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Tietto poised for Cote d’Ivoire gold reserves boost |
Tietto Minerals has amassed yet another collection of high-grade gold hits from a massive infill and extensional diamond drilling campaign at its Abujar gold project in Cote d’Ivoire. The latest stand-out intersections of 29m grading an average 4.46 g/t gold from 120m including 17m at 7.11 g/t and 2m at 18.55 g/t from 39m came from the “AG Core” area of the project’s cornerstone AG deposit. |
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Kaiser Reef breaks into new mining area at flagship Victoria gold mine |
Kaiser Reef has notched up another significant milestone with underground development breaking into the 19-intermediate level, 500 metres below surface, in the company’s A1 gold mine in Victoria. The new underground development will provide access to key ore blocks within the mine and will also assist in future development of largely untouched deeper lodes including the prized Queens Lode discovery. |
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Element 25 on cusp of first manganese shipment |
ASX-listed WA manganese producer Element 25 Limited has dispatched the first shipment of manganese concentrate from its new Butcherbird open-pit mining and beneficiation operation about 130km south of Newman in WA’s southern Pilbara region. The Perth-based company says Pilbara-based AK Evans Group last week kicked off ore haulage from Butcherbird to Utah Point in Port Hedland in readiness for loading and export. |
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Ardea reveals new Kalgoorlie nickel resource |
ASX-listed nickel explorer Ardea Resources has unveiled a new mineral resource estimate for the Highway deposit within its Kalgoorlie nickel project area in WA’s Eastern Goldfields. It now stands at a measured, indicated and inferred total of 92 million tonnes grading an average 0.69 per cent nickel for 633,000 tonnes of contained metal using a 0.5 per cent cut-off grade. |
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