Gold Road Resources Limited (ASX: GOR), a gold production and exploration company, has issued a production update in response to significant rainfall affecting operations at the Gruyere gold mine — located in Western Australia's north-eastern Goldfields. The Gruyere gold mine is a joint venture (JV) between Gold Road Resources and Gold Fields (JSE: GFI), with each holding a 50 per cent interest. Gold Fields manages and operates the mine, while Gold Road Resources maintains a significant investment portfolio. Following substantial and prolonged rainfall in early March, the region experienced further significant and atypical rainfall in the second half of the…
Litchfield Minerals Limited (ASX: LMS), a critical mineral explorer, has discovered new copper-tungsten targets at its Wolfram Hill Prospect within the Mount Doreen Exploration Licence (EL 31305) in the Northern Territory. This discovery, resulting from comprehensive Induced Polarisation (IP) surveys conducted in March 2024, marks a major milestone in the exploration of this site. The recent IP survey has identified two large and highly promising chargeability targets located to the north and south of the existing mineralised zones. These findings suggest the potential for substantial extensions of the known mineralised reef at depth and along the strike to both the…
Intra Energy Corporation Limited (ASX: IEC) has announced the discovery of significant lithium anomalies at its Maggie Hays Hill (MHH) project in Western Australia's Lake Johnston Greenstone Belt. This discovery places the company at the forefront of lithium exploration, with the potential to impact the global lithium supply chain. A recent soil sampling program revealed two major lithium anomalies, with the primary anomaly stretching over 2,500 metres in length and 300 metres in width. The secondary anomaly measures 1,300 metres by 300 metres. These anomalies are notable for their high lithium values, reaching up to 248ppm Li2O, and are associated with tantalum and caesium, elements indicative of highly prospective…
Ora Gold Limited (ASX: OAU) has announced promising initial assay results from its 2024 RC drilling program at the Crown Prince Prospect within the Garden Gully Gold Project in Western Australia. The results, particularly from the Southeastern Zone (SEZ), highlight significant high-grade gold mineralisation, marking a significant step forward in the exploration of this key growth area. The drilling campaign, initiated in early February 2024, has yielded encouraging results, including an exceptional intercept from drill hole OGGRC662 — 15 metres at 9.91g/t Au from 88 metres, with a higher-grade section of two metres at 54.17g/t Au from 100 metres. Other…
St George Mining Limited (ASX:SGQ) has announced significant developments in its exploration efforts at the Myuna Rocks Project in Western Australia's Ravensthorpe region. The project, owned by Lithium Star Pty Ltd (a joint venture between St George Mining and Amperex Technology Limited), has seen its tenure double in scale, now spanning 546 square kilometres. The newly granted Exploration Licences E74/789 and E74/790 have expanded the project's area, with the land package extending over 50 kilometres north-west along a regional greenstone corridor, starting just five kilometres north of the Mt Cattlin Lithium Mine. This corridor hosts active explorers such as Fortescue,…
The Australian government has recently announced a significant investment of up to $840 million in the Arafura rare earths project and a $230 million loan for Liontown Resources. These investments are part of the government's efforts to boost critical minerals projects and strengthen Australia's position in ethical and sustainable manufacturing of rare earths. The investment in the Arafura rare earths project aims to support the development of the Nolans Project, a rare earth mine located north of Alice Springs. The funding package includes $495 million from the Critical Minerals Facility, $200 million from the Northern Australia Infrastructure Facility (NAIF), $115…
It’s possible that a domestically-listed gold explorer, which boasts a not-too-shabby evolving flagship project in Western Australia’s Wheatbelt, may be looking to lithium to help boost its languishing market valuation. No doubt the WA-based junior is also hoping that a farm-in agreement it made back in 2022 with a fellow exploration house will garner some much-needed shareholder interest sometime in the future. When Austgold Ltd (ASX: AUC) presented at Vertical Events’ RIU Explorers Conference in February last year, its share price was around the 0.05 cents mark, giving it a market capitalisation of $105 million. By the same time this…
Following the suspension of operations in Argentina, Brazil and South Africa due to the the COVID-19 outbreak, AngloGold Ashanti has now restarted production in these countries. The company’s sole mine in Argentina, Cerro Vanguardia, successfully restarted milling operations on 6 April 2020. The operation has now ramped up capacity and will initially process stockpiles, allowing production to remain near planned levels with a significantly smaller staff complement. The mining operation had been suspended since 21 March 2020 as a result of countrywide COVID-19 related restrictions on travel and border closings. In Brazil, at Mineração Serra Grande S.A. (Serra Grande), operations…
Australian junior miner Southern Gold Limited has completed field work in the Jinan and Neungju Basins in South Korea, which has confirmed new gold mineralised areas that warrant follow up work. The intensive reconnaissance sampling program involved 238 new samples being taken and submitted for analysis. Several rock chip and float samples returned anomalous grade gold results. Work included field traversing and extensive rock sampling. This process has succeeded in finding multiple untested vein systems in addition to very small-scale historical mine workings. The two regions investigated were the Neungju Basin surrounding Southern Gold's Neungju Project, including follow up sampling…
A mining company seeking to become Nigeria’s first integrated steel producer is expected to move its head office to South Australia next month. Since 2012, ASX-listed company Kogi Iron Limited (Kogi Iron) has been working on a plan to establish an open-pit iron ore mine in Kogi State using Australian expertise. Yet the fall in the iron ore price in recent years has caused the company to pivot from an ore exporter to a steel billet producer with a cast steel feedstock plant in Nigeria to supply local industry. The appointment of Adelaide-based managing director David Turvey and Chairman Greg…
Endeavour Mining Corporation and SEMAFO Inc. have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of SEMAFO through a Plan of Arrangement under the Business Corporations Act (Québec). The Transaction will create a top 15 global gold producer and the largest in West Africa with six operations and an attractive growth pipeline. Due to the strong strategic rationale for local consolidation, both sets of Board of Directors have unanimously approved the Transaction. Michael Beckett, Chairman of Endeavour said the agreement will create one of the leading gold companies, with the largest portfolio…
The proposed expansion of the Pueblo Viejo gold mine will extend its life as well as its significant contribution to the Dominican Republic’s economy until 2040 and beyond. The project would require an initial investment of $1.3 billion to expand the process plant and the tailings facility. Extending its life would unlock the mine’s potential to increase exports by $22 billion and generate more than $4 billion in taxes at a gold price of $1,500 per ounce. Between 2013 and 2016, Pueblo Viejo paid $1.8 billion in direct taxes and last year its exports accounted for more than 38 per…
Newcrest has finalised the sale of its Newcrest Singapore Holdings Pte Ltd (NSH) to Indotan Halmahera Bangkit for $90m. NSH owns 75 per cent of PT Nusa Halmahera Minerals (PT NHM), which operates the gold and silver Gosowong mine in Indonesia. All conditions precedent have been satisfied and economic ownership has transferred with an effective date of 31 December 2019. The sale of NSH follows a strategic review of the asset by Newcrest and to comply with the amended PT NHM Contract of Work which required at least 51 per cent of PT NHM to be owned by Indonesian parties…
Copper Mountain Mining Corporation has revised its mine plan and project schedule at its Copper Mountain Mine, located in Southern British Columbia, Canada, in response to current market conditions and uncertainty. In order to maintain positive margins and cash flow amidst near-term copper price uncertainty as a result of the Coronavirus’ impact to metal prices, the company will make the following changes: Deferral of Ball Mill #3 installation capital expenditures, saving US$22 million in 2020. Reducing operating costs by re-sequencing short term production to lower cost mine phases. Preserving high grade ore in Pit #3 scheduled for mining in 2020…
