Regis Resources, a leading mid-tier Australian gold producer, has unveiled its annual mineral resource and ore reserve update for the 2022 calendar year. The report showcases significant progress aligned with the company's long-term strategy and provides a strong foundation for future growth initiatives.
Lynas Rare Earths, a leading mining company, has secured a $20 million grant from the Federal Government's Modern Manufacturing Initiative. The grant will support the development of a new processing capability for apatite-rich ores at the Mt Weld ore body. The project, in collaboration with ANSTO and Mt Weld Mining, aims to create a two-circuit process to remove apatite and increase recoveries. The Apatite Leach Circuit will be established at the Mt Weld site, creating 90 jobs and contributing to the Mt Weld expansion project.
In a significant development for the mining industry, the board of Northern Star Resources has given the green light for the expansion of the Fimiston Mill, a key component of the Kalgoorlie Consolidated Gold Mines' (KCGM) Super Pit. The expansion, which will increase the mill's capacity from 13 million tonnes per annum (Mtpa) to 37Mtpa, comes with a price tag of $1.5 billion and is scheduled for completion in 2026.
Galileo Mining Ltd (ASX: GAL) has made an exciting breakthrough in its exploration efforts at the Norseman project in Western Australia. The company recently announced significant exploration results from drilling activities conducted to the north of the Callisto palladium-nickel discovery.
Caspin Resources Limited (ASX: CPN) has announced a significant discovery of Rare Earth Element (REE) mineralization at the Mount Squires Project in Western Australia. The discovery marks the first significant REE mineralization in the West Musgrave Province, and the finding was made despite the tiny scale of the assay program.
Future Battery Minerals Ltd (ASX: FBM) has reported assay results from four high-priority holes at its Kangaroo Hills Lithium Project (KHLP) in Western Australia. The results have extended the lithium discovery, confirming the continuation of mineralisation beyond the previously discovered KHRC011. The drilling programme has so far identified a pegmatite unit of 200m in width, up to 30m in thickness, and at least 300m in length. The mineralisation remains open along the strike at a flat minus (-) 20-degree dip.
IGO announced today that it has secured land in Kwinana from the Western Australian Government for its proposed Integrated Battery Material Facility. This marks an important milestone in delivering IGO’s strategy to be vertically integrated into the battery supply chain. In conjunction with Wyloo Metals (Wyloo), IGO is working towards making a financial investment decision on the development of the Project, which involves integrating a downstream nickel refinery with a plant producing high-value nickel dominant precursor cathode active material (PCAM) for the battery supply chain.
Caravel Minerals reported the outcomes of an independent metallurgical process review and update completed recently for its 100%-owned Caravel Copper Project, located 150km northeast of Perth in Western Australia. The results identified substantial opportunities to enhance Project value and confirmed the process flowsheet's suitability before the start of engineering for the Definitive Feasibility Study (DFS). The three-month review was undertaken by industry specialist engineering and project delivery firms Lycopodium Minerals (Lycopodium) and Orway Mineral Consultants (OMC).
29Metals today announced the results of its March quarter 2023 drilling program at Capricorn Copper. The results of the program, completed before the recent extreme weather event, highlight the continuing potential of Capricorn Copper with demonstrated extensions of known mineralisation at Esperanza South (‘ESS’) and the Mammoth deposits and the identification of a new mineralised trend east of Mammoth.
Mammoth
Key results include:
Kingston Resources Limited reported today that gold sales from the Tailings Project at Mineral Hill reached a monthly record of 1,776oz. ASIC decreased a further 12% in March to A$1,432/oz, while the average gold price received increased 7% to A$2,865/oz. Recently, the Company has seen a reduction in the cost of some critical consumables at the operation. The operational and sales performance has directly contributed to an increase in cash on hand for the Company, rising from $6.8m at the end of December to $9.5m at the end of March.
