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Topic

Mustang to focus on graphite/vanadium assets following gemstones deal

By: Esmarie Swanepoel     17th July 2018 The A$10-million merger of Mustang Resources’ ruby assets with that of TSX-V listed Fura Gems will allow the Australia-listed company to focus on its graphite/vanadium assets in Mozambique. Under the agreement, Fura will issue Mustang with A$10-million in shares over a 20-month period, giving... 

Bass reaching for nameplate capacity at Graphmada

By: Esmarie Swanepoel     17th July 2018 Graphite miner Bass Metals is expected to reach its Stage 1 nameplate capacity of 500 t/m at its Graphmada project, in Madagascar, by the end of the first quarter of 2019. The company said on Tuesday that the production of premium graphite concentrate has steadily increased, with Bass now... 

NT govt reveals fracking framework

By: Esmarie Swanepoel     17th July 2018 The Northern Territory government has unveiled plans to implement the recommendations from an independent scientific inquiry into unconventional hydraulic fracturing, in a bid to unlock reserves. “This is a plan to protect our environment, create local jobs and ensure the actions of government... 

Minotaur terminates Leinster deal

By: Esmarie Swanepoel     17th July 2018 ASX-listed Minotaur Exploration has terminated an April agreement to divest of its Leinster tenements, in Western Australia. Under the original agreement, Minotaur would have received A$1.55-million in a mixture of cash, shares and a milestone payment from the private investment firm acquiring... 

Merlin conjures up pink diamonds

By: Esmarie Swanepoel     17th July 2018 The share price of ASX-listed Merlin Diamonds rose by more than 14% on Tuesday after the company announced that 32 pink diamonds, totalling 6.63 ct, have been recovered from its Merlin mine, in the Northern Territory. Merlin told shareholders that the company was encouraged by the discovery of... 

Saracen sets higher target for 2019

By: Esmarie Swanepoel     17th July 2018 Gold miner Saracen Mineral Holdings has a beaten its production expectations for the 2018 financial year, and set itself a higher target in 2019. Saracen on Tuesday reported record gold production of 316 453 oz during the full year ended June, which was above the 310 000 oz to 315 000 oz target... 

Laramide buys Rio tenements

By: Esmarie Swanepoel     17th July 2018 Dual listed uranium developer Laramide Resources will spend A$450 000 to purchase the Murphy uranium tenements, in the Northern Territory, from major Rio Tinto’s exploration arm. The purchase agreement replaces an existing farm-in and joint venture agreement between the two companies. 

Solid Q2 performance rounds out strong first half for Rio Tinto

By: Esmarie Swanepoel     17th July 2018 Diversified major Rio Tinto has reported increased production in most of its commodities in the second quarter ended June, compared with the previous corresponding period. “Operational performance was solid across most commodities, rounding out a strong first half performance for the group,”... 

Expert backs Hancock offer for Atlas

By: Esmarie Swanepoel     16th July 2018 An independent expert has found that Hancock Prospecting’s offer for ASX-listed Atlas Iron is both fair and reasonable, with Atlas on Monday urging shareholders to accept the offer. Non-executive chairperson Eugene Davis told shareholders that the offer from Hancock was an excellent opportunity... 

More resources at Montepuez

By: Esmarie Swanepoel     16th July 2018 Graphite developer Battery Minerals has reported a 14% increase in the mineral resource estimate of the Elephant deposit, at its Montepuez project, in Mozambique. The project is now estimated to host a total measured and indicated resource of 76.9-million tonnes, at 7.3% total graphitic carbon. 

Major Beadell shakeup targets $100m cost savings

By: Esmarie Swanepoel     16th July 2018 Gold miner Beadell Resources has implemented major management changes and cost reductions at its Tucano mine, in Brazil, that could save more than $100-million. CEO and MD Simon Jackson and COO Peter Holmes will step down from their current positions, with Dr Nicole Adshead-Bell taking over as... 

Symbol secures offtake and financing for Macy

By: Esmarie Swanepoel     16th July 2018 ASX-listed Symbol Mining has inked an offtake and marketing agreement with Noble Resources international for its Macy zinc project, in Nigeria. The offtake and marketing agreement also secured the final funding requirements for the development of the Macy project, with a short-term $3-million... 

MOD could increase plant throughput at T3

By: Esmarie Swanepoel     16th July 2018 ASX-listed MOD Resources has reported a 13% increase in the indicated resource of its T3 deposit, in Botswana, which could support a potential increase in the planned design throughput. MOD on Monday said that a reclassification of the T3 resource has seen the indicated mineral resource estimate... 

Pantoro hits targets

By: Esmarie Swanepoel     16th July 2018 Gold miner Pantoro has hit its production targets for the full year ending June, producing 52 203 oz of gold, which was within the guidance of between 50 000 oz and 55 000 oz. In the three months to June, Pantoro produced 11 694 oz of gold, which is lower than the 13 385 oz produced in the... 

Whitehaven production drops slightly

By: Esmarie Swanepoel     16th July 2018 New South Wales coal miner Whitehaven Coal has reported a fall in production during the June quarter, and the full year to June, with mechanical issues reported at its Narrabri mine. In the quarter ended June, Whitehaven produced 5.8-million tonnes of run-of-mine (RoM) coal, with 4.7-million... 

SSR Mining reports mixed bag in June quarter

By: Esmarie Swanepoel     13th July 2018 TSX- and New York-listed metals producer SSR Mining Inc has reported a mixed bag from its three operating mines during the three months to June Gold production from the Marigold operation increased by more than 15% during the quarter, to 49 436 oz, compared with the 42 960 oz delivered in the... 

Perseus sets conservative target for 2019

By: Esmarie Swanepoel     13th July 2018 Dual listed Perseus Mining has set a production target of between 130 000 oz and 150 000 oz for the next six months to December, following a strong June quarter and full year. The miner said on Friday that based on actual operation performances at both its Edikan and Sissingue mines, in Ghana... 

FS launched at McIntosh JV

By: Esmarie Swanepoel     13th July 2018 ASX-listed Mineral Resources (MinRes) and Hexagon Resources have launched a feasibility study (FS) for the McIntosh flake graphite joint venture (JV), in Western Australia. Hexagon shareholders in May this year approved the JV, which will see MinRes earn a 51% interest in the project by managing... 

Dacian raises A$40m in oversubscribed placement

By: Esmarie Swanepoel     13th July 2018 Junior gold miner Dacian Gold has raised A$40-million in an institutional share placement, to accelerate the exploration at its Mt Morgans operation, in Western Australia, and to extinguish a life-of-mine royalty obligation. The ASX-listed miner earlier this week launched the placement, priced... 

Rio Tinto autonomous train makes first delivery 280 km away

By: Esmarie Swanepoel     13th July 2018 Mining major Rio Tinto has delivered its first iron-ore delivery by autonomous train from the Tom Price mine, to the port of Cape Lambert, some 280 km away. The autonomous train consisted of three locomotives and carried about 28 000 t of ore. The train was monitored remotely by operators in... 

Resolute secures key permit to turn Bibiani back on

By: Esmarie Swanepoel     13th July 2018 Gold miner Resolute Mining is expected to make a final investment decision on the Bibiani underground mine, in Ghana, in 2019, the company said on Friday, announcing that it had received an environmental permit authorisation to recommission the mine and processing plant. Resolute said on Friday... 

Costs outweigh price of Atlas Iron’s ore

By: Esmarie Swanepoel     12th July 2018 Takeover target Atlas Iron has faced another tough quarter during the three months to June, with all-in sustaining costs outweighing the price for its ore. Atlas on Thursday told shareholders that C1 cash costs for the period reached A$42/t, up from the A$41/t in the March quarter, while full... 

Another Prominent Hill win for Thiess

By: Esmarie Swanepoel     12th July 2018 Copper miner Oz Minerals has awarded project house CIMIC’s mining services provider Thiess, a A$112-million contract to provide stockpile rehandling services at the Prominent Hill mine, in South Australia. Under the new five-year contract, Thiess will provide run-of-mine management, crusher feed... 

Empire strikes out at JV partner

By: Esmarie Swanepoel     12th July 2018 Junior gold miner Empire Resources has terminated its joint venture agreement with Brimstone Resources over the Penny’s Find mine, in Western Australia. Empire holds a 60% interest in the project area, with the receiver appointed to Brimstone holding the remaining 40% interest. 

Platina finds site for Owendale plant

By: Esmarie Swanepoel     12th July 2018 ASX-listed Platina Resources has signed a lease for the site of its proposed Owendale scandium processing facility, in New South Wales. The site, a former abattoir, is some 70 km from the mine site and has road system capable of handling the trucks that will be used to transport ore from the... 

Superior Lake fast-tracks mine restart

By: Esmarie Swanepoel     12th July 2018 Junior base metals developer Superior Lake Resources has announced plans to fast-track the restart of its Superior Lake metals project, in Canada. The ASX-listed company said that following the completion of a maiden Joint Ore Reserves Committee compliant resource of 2.1-million tonnes, grading... 

WPG sets production record despite Challenger issues

By: Esmarie Swanepoel     12th July 2018 Junior gold miner WPG Resources has reported record quarterly production of 17 818 oz, with the month of June also producing a record 7 155 oz. The June quarter production was up from the 14 124 oz produced in the previous quarter. 

New Century sets August start date

By: Esmarie Swanepoel     12th July 2018 The Century zinc mine, in Queensland, is on track to start production in August this year, ASX-listed New Century Resources said on Thursday. The company has completed the commissioning of the slurry concentrate pipeline, which is now filled and ready to receive first concentrate. 

Resolute beats production guidance, sets bar higher for FY19

By: Esmarie Swanepoel     12th July 2018 Gold miner Resolute Mining is targeting 300 000 oz of production in the 2019 financial year, after 2018’s output exceeded expectations. The miner told shareholders on Thursday that gold production in the 2018 financial year reached 284 127 oz, which exceeded the guidance of 280 000 oz, with the... 

Cinovec produces more lithium carbonate

By: Esmarie Swanepoel     11th July 2018 ASX-listed European Metals has reported increased lithium carbonate production from its Cinovec lithium/tin project, in the Czech Republic, following roast optimisation test work. European Metals told shareholders that the average lithium carbonate production had increased from 20 800 t/y to22... 

Eramet to replace MDL board after gaining major share

By: Esmarie Swanepoel     11th July 2018 French firm Eramet has extended the takeover offer period for its joint venture (JV) partner Mineral Deposits (MDL) until July 24, flaunting a 63.87% interest in the ASX-listed company. The directors of MDL this week unanimously recommended the revised takeover offer from Eramet, after the... 

Collerina raises cash for alumina push

By: Esmarie Swanepoel     11th July 2018 ASX-listed Collerina Cobalt will raise some A$4-million through a one-for-ten rights issue, priced at 8c each. The company said the funds raised will advance the high purity alumina (HPA) First process, at its Collerina project in New South Wales. 

Merlin readies for mining

By: Esmarie Swanepoel     11th July 2018 ASX-listed junior Merlin Diamonds is poised to start mining at its namesake project, in the Northern Territory. The company on Wednesday said that the Northern Territory’s Department of Primary Industry and Resources had reviewed the amended mine management plan, and was satisfied that it met the... 

Miners welcome ACCC power plans

By: Esmarie Swanepoel     11th July 2018 The resources sector has welcomed recommendations from the Australian Competition and Consumer Commission (ACCC) to significantly improve electricity affordability for Australian consumers and businesses. The ACCC in March launched an inquiry to identify the root causes of the high electricity... 

Ounces continue to stack up at Deflector

By: Esmarie Swanepoel     11th July 2018 Gold miner Doray Minerals will spend A$10-million on exploration activity at its Deflector gold project, in Western Australia, during 2019. The miner on Wednesday reported that the mineral resource at the Deflector project had increased by 34% after mining depletion, to 762 000 oz of gold, while... 

Canadian firm joins Impact on Broken Hill hunt

By: Esmarie Swanepoel     11th July 2018 ASX-listed junior Impact Minerals has signed a letter of intent with TSX-V Listed BlueBird Battery Metals Incorporated over its Broken Hill silver/lead/zinc project, in New South Wales. Under the terms of the farm-in, BlueBird could earn a 75% interest in the five exploration licenses that... 

Lulo delivers 114ct diamond for Lucapa

By: Esmarie Swanepoel     11th July 2018 ASX-listed Lucapa Diamond Company has recovered a 114 ct diamond at its Lulo project, in Angola. The company on Wednesday said that the stone was recovered from alluvial Mining Block 6, and is the eleventh diamond over 100 carats recovered to date, and the third so far in 2018. 

Dacian unveils A$37m raising to accelerate Mt Morgan exploration

By: Esmarie Swanepoel     11th July 2018 Junior gold miner Dacian Gold will raise A$37-million through an institutional placement to accelerate exploration programmes at its Mt Morgans project, in Western Australia. Some 13.7-million shares will be offered at a price of A$2.70 each, with the ability to take oversubscriptions to raise... 

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