Projects
Piche Resources Limited (ASX: PR2) has announced the start of a significant drilling program at its Ashburton Uranium Project in Western Australia. The company has mobilised a reverse circulation (RC) drill rig to the Angelo prospect, with a diamond drill rig scheduled to arrive later this month. The exploration campaign…
Polymetals Resources secures funding for Endeavor mine restart
AUSTRALIA — Polymetals Resources Ltd (ASX: POL) has announced a significant milestone in its efforts to restart operations at the Endeavor silver, lead, and zinc mine near Cobar, New South Wales. The company has secured a US$20 million (approximately $30 million) pre-payment/loan facility and favourable offtake terms for its future…
Higher cash returns generated by integrated mining operation
A Sydney-based brokerage has thrown its weight behind a growing iron ore miner in Western Australia’s Mid West, saying it is set up for immediate and long-term growth with strong cash generation. MST Access senior analyst Michael Bentley has suggested WA’s Fenix Resources Ltd (ASX: FEX) has the ability to…
Great Divide Mining reports promising gold assays at New Goldfield
AUSTRALIA — Great Divide Mining Ltd (ASX:GDM), a burgeoning Queensland-based explorer of gold, antimony, and critical metals, has announced promising results from its recent rock chip sampling at the New Goldfield tenement, part of the Cape Project. The company, which recently celebrated its first anniversary as a listed entity, revealed…
Oar Resources uncovers promising uranium prospects in Brazil
BRAZIL — Oar Resources Limited (ASX: OAR) has announced a significant discovery of multiple uranium mineralisation occurrences at its wholly-owned Amorinópolis Project in Goiás. The company's exploration efforts have yielded two uranium prospects with values exceeding 100 ppm, marking a promising start to their exploration program. Scintillometer surveys conducted at…
Euro Manganese applies for new status under EU’s Critical Raw Materials Act
Euro Manganese Inc. (ASX:EMN) has submitted an application to designate its Chvaletice Manganese Project as a "Strategic Project" under the European Union's Critical Raw Materials Act (CRMA). This move marks a significant step for the company in its efforts to establish itself as a key player in the European battery…
Alderan Resources to begin drilling at New Years Copper Prospect in Utah
USA — Alderan Resources Limited (ASX: AL8) has announced plans to commence a Stage 1 drilling program at its New Years copper prospect in the Cactus copper-gold district, Utah, during the first week of September 2024. The program will consist of three holes totalling 340 metres, aimed at verifying past…
Summit Minerals launches major exploration program at Equador Niobium Project in Brazil
BRAZIL — Summit Minerals Limited (ASX:SUM) has launched a significant exploration initiative at its Equador Niobium Project in northeastern Brazil. The company has commenced a bulk sampling program and expanded its magnetic survey, marking crucial steps in advancing the project's development. The Equador Niobium Project is located in the Borborema…