Lynas Rare Earths Progresses with Kalgoorlie Facility Ramp-Up Amid Production Decrease

Submitted by Tajha Pritchard on

Despite a decrease in rare earth production, Lynas Rare Earths remains on track with the ramp-up of the Kalgoorlie facility in Western Australia.

In the June 2024 quarter, Lynas produced 2,188 tonnes of total rare earth oxide (REO) and 1,504 tonnes of neodymium and praseodymium (NdPr). Lynas Managing Director and CEO Amanda Lacaze attributed the production decrease compared to the previous quarter to "essential maintenance" activities at Lynas Malaysia.

BHP Records Significant Growth in Copper Production with Strong Fourth Quarter

Submitted by Tajha Pritchard on

BHP's copper business continues to thrive, with the company reporting a nine percent increase in copper production across its assets during the June 2024 quarter.

This growth was driven primarily by record production at the Spence mine in Chile and the Carrapateena mine in South Australia, with Spence producing 255,000 tonnes and Copper South Australia producing 266,000 tonnes.

Great Boulder Resources Uncovers Major Gold Targets at Side Well Project in Western Australia

Submitted by Tajha Pritchard on

Great Boulder Resources has identified two significant gold targets through a recent soil geochemistry program at the Side Well Gold Project in Western Australia.

At Side Well South, one target spans 2.4km and features an Ironbark-style structure with peak gold values of 75 parts per billion (ppb). The other target is a 1.4km-long anomaly with bismuth and molybdenum.

The company, with a market capitalization of $33.96 million, noted that both targets are near the historic Golden Bracelet Mine, which historically produced over 1,000 ounces of gold at 27 grams per tonne.

Bellevue Gold Surpasses Midpoint of FY24 Guidance with Strong June Quarter Production and Expansion Plans

Submitted by Tajha Pritchard on

Bellevue Gold has exceeded the midpoint of its June quarter guidance for the 2023-24 financial year (FY24) due to a continuous production ramp-up.

The Bellevue Gold Project delivered a robust quarter with 42,705 ounces (oz) of gold produced, an increase from the March quarter's 37,338 oz. This production has generated $41 million in free cash flow, a notable achievement given that commercial production was only declared in May.

For the second half of FY24, total gold production reached 80,043 oz, surpassing the company's guidance range of 75,000-85,000 oz.

Advancing the Kalgoorlie Nickel Project: Infill Drill Program and Definitive Feasibility Study Initiatives

Submitted by Tajha Pritchard on

Ardea Resources Limited (Ardea or the Company) is pleased to announce the commencement of the Kalgoorlie Nickel Project (KNP) - Goongarrie Hub Definitive Feasibility Study (DFS) on 1 May 2024. Integral to the DFS is the Infill Drill program, which has already begun (see Figure 1).

Calidus Resources Announces Maiden Mineral Resource for Nullagine Gold Project, Boosting Production Prospects

Submitted by Tajha Pritchard on

Gold producer Calidus Resources has announced the initial mineral resource estimate for the Nullagine gold project, with 65% categorized as measured and indicated.

Located in the Mosquito Creek Basin within the Archaean Pilbara Craton of Western Australia, the Nullagine gold project now boasts a mineral resource of 6.9 million tonnes (Mt) at 2.15 grams per tonne (g/t) of gold (Au), totaling 475,114 ounces (oz). Of this, 4.1Mt at 2.33g/t Au, amounting to 307,497oz, falls under the measured and indicated category.

Spartan Resources Announces Exceptional New Drilling Results

Submitted by Tajha Pritchard on

Spartan Resources Limited is excited to provide an update on the exploration activities at its fully owned Dalgaranga Gold Project in the Murchison region of Western Australia. This release highlights new assay results from recent surface drilling at the high-grade Pepper Gold Prospect and the adjacent and expanding Never Never Gold Deposit.

Supreme Court Approves Merger of Silver Lake and Red 5 Resources - New Mid Tier Powerhouse?

Submitted by Tajha Pritchard on

It's been an eventful week for Silver Lake and Red 5 Resources, as the Supreme Court of New South Wales has approved their merger bid.

Yesterday, the Supreme Court issued orders approving a scheme of arrangement under which Red 5 will acquire 100% of Silver Lake shares.

Silver Lake plans to lodge an office copy of the Court’s orders with the Australian Securities and Investments Commission today, making the scheme legally effective.

Once the scheme is implemented, Silver Lake will delist from the ASX, and new Red 5 shares will begin trading on June 20.

Spartan Resources Reports Deepest Intercept at Pepper Prospect

Submitted by Tajha Pritchard on

Spartan Resources has reported its "deepest intercept to date" at the newly discovered Pepper prospect within the Dalgaranga gold project in Western Australia.

The Pepper discovery was announced by Spartan in April, described as "a new high-grade gold lode" located about 90 meters south of the Never Never gold deposit.