Chalice Mining expanded its Gonneville critical minerals project in Western Australia through successful drilling. The Tim Goyder-backed miner discovered wide zones of high-grade copper and platinum group elements, extending the deposit to the north-west. Key results outside the current resource boundaries include:
Liontown Resources has successfully concluded the share purchase plan (SPP) introduced on October 19, aiming to fully finance the Kathleen Valley lithium project in Western Australia.
The SPP offered shares at a price of $1.47 each, representing a two percent discount compared to the five-day volume-weighted average price of Liontown shares leading up to and including the SPP closing date of November 20, rounded to the nearest cent.
Recent drilling at De Grey's Hemi gold project in Western Australia is unveiling promising prospects for the project's expansion, both in open-pit development and potential underground mining. Focus has centered on the Diucon-Eagle open pits, revealing significant mineralization during recent exploration at Eagle and Diucon sites.
St. Barbara has unveiled its FY24 outlook report, focusing on its Atlantic and Simberi operations. The company has committed $8 million to the Atlantic growth strategy, with an additional $13-15 million to be invested by FY24's end. The major allocation is for the 15-Mile project in Nova Scotia. St. Barbara plans to provide updates on Beaver Dam mineral resources and conduct drill testing at Cochrane Hill in Q3 and Q4. For the Simberi growth strategy, a capital investment of $10-13 million is expected, funding resource definition drilling and optimization studies.
In the concluding quarter of September 2023, Northern Star Resources found itself in a robust position to achieve its ambitious 2024 financial year (FY24) objectives, which encompass selling a substantial 1.6 to 1.75 million ounces (oz) of gold at a competitive all-in-sustaining cost (AISC) ranging from $1730 to $1790 per ounce. Notable operational accomplishments were recorded during this period, with a remarkable lost time injury frequency rate of just 0.8 injuries per million hours worked.
In September 2023, Capricorn Metals provided a promising exploration update. Their focus was primarily on the Mount Gibson gold project in Western Australia's Murchison region. They completed 12,386 meters of resource definition and extensional drilling via reverse circulation (RC). Notably, this continued the work initiated in January 2022.
September 2023, Red 5 celebrated a significant milestone, producing 55,009 ounces of gold from the King of the Hills (KOTH) project. This achievement positions them well to reach the upper end of their 2023–24 FY production target of 195,000–215,000 ounces, with all-in sustaining costs (AISC) ranging from $1850 to $2100 per ounce and growth capital between $40 million and $46 million.
Glencore has revealed its intention to shut down its copper operations at Mount Isa in Queensland by the conclusion of 2025. However, the company emphasized its commitment to keeping its various other metal assets operational.
Having operated for over six decades, the company managed to extend the life of its copper mine by an additional six years beyond its initial projected lifespan.
The closure will encompass all three copper mines within the Mount Isa facility – Enterprise, X41, and Black Rock – in addition to the copper concentrator.
Canadian mining company First Quantum Minerals has initiated a diamond drilling program at Boss Energy's Honeymoon uranium project in South Australia. The collaboration stems from an exploration earn-in agreement between Boss Energy and First Quantum Minerals in February 2022, covering base metals rights for five tenements at the Honeymoon project, which recently commenced mining operations.
Widgie Nickel has issued an update regarding the ongoing infill drilling program for the 132N deposit resource. Assays from hole 23MERCD112 have described the findings as containing "remarkably high-grade nickel mineralization."
The 132N deposit is situated within mining lease M15/101, approximately six kilometers northwest of the Widgiemooltha township. This deposit is a vital component of the broader Mt Edwards project, which is positioned 75 kilometers south of Kalgoorlie and 40 kilometers southwest of Kambalda in Western Australia.
