Projects
US-based mining company Ramaco Resources has successfully closed an underwritten public offering of its Class A common stock, raising approximately US$200 million before underwriting discounts and other expenses. The company sold slightly more than 10.6 million shares at US$18.75 per share. Additionally, the selling stockholders, Yorktown Energy Partners, granted underwriters…
Austral and Maronan explore Rocklands partnership
Austral Resources Australia Ltd (ASX: AR1) has entered into a non-binding Memorandum of Understanding (MOU) with Maronan Metals Limited (ASX: MMA) to explore the potential toll treatment of ore from Maronan’s advanced copper-gold and silver-lead deposit at Austral’s recently acquired Rocklands processing facility near Cloncurry in Northwest Queensland. The collaboration…
Karara Mining revises iron ore mine expansion
Karara Mining Limited is advancing plans to revise its Karara Iron Ore Mine, situated approximately 320 kilometres north-northeast of Perth in Western Australia's Midwest region. The proposed revision aims to support a new Life of Mine strategy, extending operational life from about 25 years to approximately 40 years. This extension…
Adavale completes successful maiden drilling program
Adavale Resources Limited (ASX:ADD) announced the successful completion of its maiden reverse circulation (RC) drilling program at the London Victoria Gold Mine, part of the Parkes Project in New South Wales' Lachlan Fold Belt. This marks the first standalone drilling campaign at the London Victoria site in 28 years, with…
Nimy Resources discovers extensive multi-metal anomaly
Nimy Resources (ASX:NIM) has announced the identification of an extensive outcropping anomaly containing copper, zinc, gold, lead, molybdenum, and bismuth mineralisation at the newly discovered Sneaky Squirrel Gossan Prospect within its Mons Project in Western Australia. The gossan geochemistry from Sneaky Squirrel is notably analogous to the Gossan Hill volcanogenic…
St George Mining discovers high-grade rare earths expansion
St George Mining (ASX: SGQ) has announced a major breakthrough at its 100 per cent-owned Araxá Project in Minas Gerais, Brazil, with the discovery of high-grade rare earths mineralisation. Assays from the initial 22 shallow auger drill holes have confirmed grades of up to 13.4 per cent total rare earth…
International Graphite partners for European graphite facility
Australia’s first industrial graphite producer, International Graphite (ASX: IG6), has announced a strategic partnership with Arctic Graphite AS, a subsidiary of Norwegian construction giant Leonhard Nilsen & Sønner AS (LNS), and Graphite Investment Partners (GIP) to establish a new expandable graphite production facility in Germany. This landmark project aims to…
Pilbara Iron plans sustainable East Pilbara development
Pilbara Iron Company (Services) Pty Ltd, part of the Rio Tinto group, has unveiled a long-term strategic proposal aimed at guiding mining and infrastructure development in the East Pilbara region of Western Australia over the next 80 years. This comprehensive plan seeks to facilitate sustainable expansion and modernisation of iron ore…