Pinnacle Minerals Ltd (ASX: PIM) has announced the approval and scheduling of a significant drilling program at the Capel Mineral Sands Project in Western Australia. The program, comprising 93 air core drilling holes over approximately 2,000 metres, is set to begin on 20 May 2024. The Capel project, a brownfield heavy mineral (HM) exploration site, has already shown promising shallow mineralisation in previous drilling efforts by Iluka Resources. Noteworthy results include a mineralisation of 21 metres at 3.3 per cent HM from the surface, including 9 metres at 6.1 per cent HM from 11 metres depth. The project is strategically…
Alliance Nickel Limited (ASX:AXN) has announced that its NiWest Nickel Cobalt Project has been granted Major Project Status (MPS) by the Australian federal government. The project, located near Leonora, WA, is 100 per cent owned by Alliance and is considered strategically significant, with the potential to significantly contribute to Australia's economic growth and employment opportunities. The NiWest Project, boasting one of Australia's highest-grade undeveloped nickel laterite mineral resources, is targeting annual production of 90,000 tonnes of nickel sulphate and 7,000 tonnes of cobalt sulphate. The project is expected to create approximately 600 jobs during the construction phase and an additional…
Victory Metals Limited (ASX: VTM) has announced a significant milestone in Australia's mining sector with groundbreaking metallurgical recoveries of critical magnet metals at its North Stanmore Project in Western Australia. Achieving an exceptional recovery rate of 93 per cent, the results set a new benchmark in the rare earth sector and position North Stanmore as a leader in Australia’s critical minerals landscape. The recent leach tests conducted on beneficiated samples showcased remarkable recoveries of Praseodymium (Pr), Neodymium (Nd), Terbium (Tb), and Dysprosium (Dy). These high-purity elements are integral to advanced technological applications, including renewable energy solutions and electronic devices. Utilising…
St George Mining (ASX: SGQ) has unveiled promising new targets at its wholly-owned Destiny project in Western Australia's Eastern Goldfields region. The exploration efforts have identified potential carbonatites and mafic intrusions, raising the prospect of hosting niobium (Nb), rare earth elements (REE), or nickel-copper-PGE mineralisation. A gravity survey program conducted by St George over six prominent magnetic features at the Destiny project has yielded significant results. Four of the six magnetic features have shown a high-gravity signature, suggesting they could be intrusions such as carbonatites or mafic intrusions, both known globally for hosting valuable mineralisation. These features, ranging from 0.9km…
The Queensland government has granted mining leases for a significant phosphate mine in northwest Queensland, marking a major step forward for the region's economy. North West Phosphate's Paradise South complex, located 130 kilometres northwest of Mount Isa, has been given approval, with expectations to create substantial employment opportunities and boost the local economy. The project is anticipated to generate 200 jobs during the construction phase and employ 245 workers once operational. North West Phosphate has committed to utilising local services, providing a further economic boost to northwest Queensland. Phosphorous, a key product of the mine, is essential for fertiliser production…
Rincon Resources Limited (ASX: RCR) has reported a significant breakthrough in its exploration activities at the West Arunta Project, with recent diamond drilling confirming the presence of Iron Oxide Copper Gold (IOCG)-style mineralisation. The company's second diamond drill hole at the Pokali prospect, labelled '24WADD002,' has intersected multiple zones with moderate to intense magnetite alteration, along with quartz and sulphide veining containing copper sulphides such as chalcopyrite, bornite, and traces of native copper and rare visible gold. These findings suggest the potential for a major IOCG deposit within the Pokali area. The drill core is currently being transported to Perth…
Iron ore continues to be a significant part of Tasmania’s mineral landscape, with the state’s leading operation undergoing some expansion works to ensure it maintains its annual production of two million-plus tonnes of magnetite concentrate. Meanwhile, a short-lived project to the south is ready to recommence mining once economic conditions improve. Located 60 kilometres southwest of Burnie, Grange Resources Ltd’s (ASX:GRR) Savage River has been subjected to a definitive feasibility study (DFS) into underground extraction below the north pit and its integration with the company’s current open-cut operation. According to the miner this document has revealed some robust financial outcomes.…
Argosy Minerals Limited has successfully produced battery-grade life-cycle engineering (LCE) product from the Stage 1 Plant at the Rincon Lithium Project in the Salta Province of Argentina. [caption id="attachment_11937" align="alignleft" width="281"] Image courtesy of Argosy Minerals Limited.[/caption] The Australian owned company said that following the recent plant works at the site, approximately 30kg of LCE product was produced. The product was tested in-house and the results indicated that the product is a lithium carbonate content value of 99.6 per cent. “We are delighted at this significant milestone – to achieve such a result from our Stage 1,500tpa capacity plant is…
Canadian company McEwen Mining has just announced exploration results from their ongoing $15 million exploration program at the Black Fox Complex near Ontario in Canada. McEwen intends to grow its known deposits and will continue to make new discoveries that contribute to near-term gold production. The company recently completed a total of 39,300 metres of surface exploration drilling at the site, for a year-to-date total of 66,900 metres. “Our drilling continues to deliver very encouraging results, particularly from the three project areas highlighted in this release: Stock East, Froome and Gibson. Continued drilling success reinforces our view about the strong…
Mokran Solar Power Plants Complex was constructed in the eastern province of Kerman over a period of six months. The opening of the plant took place in the presence of Iran's Energy Minister Hamid Chitchian, Deputy Minister and the Head of Renewable Energy and Energy Efficiency organization (SATBA) and other government officials, on Monday. The plant holds the capacity of approximately 20 megawatts and was built with an investment of US $27 million by Swiss company Durion, supervised by a German company, Adore. The plant includes a total of 76,912 solar panels, each producing 260 watts over an area of…
The companies behind the Zaldívar copper mine in Chile have plans to become the country’s first mine to operate with 100 per cent renewable electricity. The mine forms a part of a Joint Venture between the Chile-based copper mining group, Antofagasta PLC, and the Canadian gold-mining company Barrick. The Zaldívar copper mine is currently located in the Andean Precordillera in Region II of northern Chile, approximately 1,400 kilometres north of Santiago and 175 kilometres southeast of the port city of Antofagasta. If successful, the works at the Zaldívar copper mine will be able to replace greenhouse gas emissions equivalent to…
The announcement was made on July 21, that Indian Oil Corporation Limited (IOCL), ONGC, GAIL, Oil India Limited and Numaligarh Refinery Limited (NRL) have come together to sign a Joint Venture (JV) agreement for the execution of the North-East Natural Gas Pipeline Grid Project. The Joint Venture between the five companies was on the agreement to ‘develop, build, operate and maintain’ the new Natural Gas Pipeline Project which has plans to connect the Indian City Guwahati to other major North-Eastern cities, and major load centres such as Numaligarh Refinery. This agreement will also include the integration of the North-East Natural…
Mozambique-focused emerging mining company Mustang Resources (Mustang), has just agreed to merge their ruby interests with gemstone mining and marketing company, Fura Gems Inc (Fura). The agreement between the two companies was made for approximately A$10 million in Fura shares. Under the agreement, shares will be given in three tranches, over 20 months, and will give Mustang around an 8 per cent stake in the Canadian-based company, Fura, with this agreement excluding the percentage equity dilution from capital raised from today onwards. Fura is set to give Mustang shareholders a significant exposure to the rapidly growing ruby market via a…
Emerging West African gold developer, Golden Rim Resources, has just released news of a new gold discovery at Red Hill, which is located approximately 4.5km from their Kouri Gold Project in Burkina Faso (West Africa). Broad zones of significant gold mineralisation was discovered at Red Hill, approximately 4.5 km south west of the mineral resource at Kouri. Both of the drill holes completed at Red Hill returned gold intercepts that include: 11m at 2.2g/t gold from 77m, including 2m at 7.7g/t gold, and 1m at 6g/t gold from 114m in NKRC030; 16m at 1.8 g/t gold from 29m and 10m…
