Newmont Corp. raised its takeover offer for Newcrest Mining Ltd. to around $19.5 billion, aiming to seal the largest-ever M&A deal in the gold-mining industry. Newmont’s decision to improve its all-stock offer for Newcrest, Australia’s largest listed gold miner, comes when gold prices are approaching a record high amid stress in the global banking system and heightened worries over the economic outlook.
Dart Mining commenced diamond drilling of their Lithium- Caesium-Tantalum (LCT) bearing pegmatites in an initial 3,000m
Established Australian copper-gold producer and explorer, Aeris Resources Limited announced a maiden JORC 2012 Mineral Resource estimate for the Kurrajong deposit, located within the Company’s 100% owned Tritton tenement package in New South Wales. The MRE comprises 2.2 million tonnes @ 1.7% copper, including a high-grade massive sulphide lens of 1.1 million tonnes @ 2.5% copper. The Kurrajong deposit is located approximately 20km east of the Tritton Processing plant.
Bellevue Gold provided an update on construction and development at its Bellevue Gold Project in WA. Open pit mining contractor NRW is now fully mobilised to the site. Mining has started at the Vanguard open pit and clearing is underway at the tailings storage facility (TSF). NRW is one of Australia’s leading mining contractors with significant experience in hard rock open pit mining and has all the required staff and equipment available for the Vanguard project.
Caprice Resources Ltd provided an update on the Northampton Polymetallic Project (Northampton), located in the Northampton Mineral Field of Western Australia. Northampton is a historical mining area with over 100 years of base metals mining, with minimal on-ground exploration completed during the last 50 years. Phase 2 RC drilling has commenced at Lady Sampson, approximately 40km southeast of the town of Northampton. Phase 2 is following up the February RC drill program, which was the first drilling completed in the area.
Dreadnought Resources Limited announced an update on drilling activities at Yin, part of the 100% owned Mangaroon project, located in the Gascoyne Region of Western Australia. Wide-spaced, first-pass, RC drilling is testing the Yin Exploration Target. Drilling to date (40 holes for 5,697m) has confirmed ~3kms of mineralisation along strike of the Yin Resource. Mineralisation has been confirmed by portable XRF (“pXRF”) with assays expected in the June 2023 quarter. These results are expected to grow the Resources which will be upgraded in the June 2023 quarter.
Antipa Minerals Limited advised that it intends to significantly expand the planned 2023 exploration activities at its 100%-owned, 877km2 Minyari Dome Project in Western Australia’s Paterson Province. Based on the recently completed analysis of the H2 CY2022 Phase 2 greenfield drilling at Minyari Dome, Antipa is of the view that the two targets immediately north of Minyari plus the GEO-01 soil/air core target, combined with other high-priority regional targets worked up to drill-ready status, warrant a more aggressive exploration focus this year than previously envisaged.
Black Cat Syndicate Limited provided an update on regional exploration activities and the Cu-Ag-Au potential at the 100% owned Paulsens Gold Operation.
Caprice Resources Ltd announced an update on the Northampton Polymetallic Project (Northampton), located in the Northampton Mineral Field of Western Australia. Northampton is a historical mining area with over 100 years of base metals mining, with minimal on-ground exploration completed during the last 50 years.
Magmatic Resources Limited provided an update on the ongoing exploration program at its 100% owned Myall Project, located approximately 60 kilometres north along strike of the Northparkes Mine (owned by China Molybdenum/Sumitomo).
The world-class Northparkes porphyry copper-gold deposits have a current combined Resource and Reserve base of 607Mt at 0.55% Cu & 0.21g/t Au2 and Magmatic Resources is targeting similar Northparkes-style mineralisation and grades.
