In the latest IMPN, the 252nd edition, there are prefeasibility studies, feasibility studies, projects in development, mines that have gone into production and those that are expanding and many new appointments to new positions. Headline news includes Lundin Gold’s independent feasibility study for its 100% owned Fruta del Norte project (FDN) in Ecuador. Lundin Gold President and Chief Executive Officer, Ron Hochstein: “The feasibility study provides a solid basis to enable Fruta del Norte to advance immediately into development.”
Turquoise Hill Resources provided an update on progress toward the start of underground construction at Oyu Tolgoi copper/gold/silver mine in Mongolia, including project finance drawdown and the signing of an EPCM contract.
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Ivanhoe Mines has filed a NI 43-101 technical report on the PEA for the redevelopment of the historic, high-grade, Kipushi zinc-copper-germanium-lead-silver mine.
Cradle Resources has secured commitments to raise A$2.16 million, ensuring Cradle is sufficiently funded to meet its likely working capital requirements until the Panda Hill niobium project secures expected debt and equity funding and a decision to mine.
Golden Arrow Resources has filed on a NI 43-101 Technical Report to support the updated mineral resource estimate for the Chinchillas silver-lead-zinc project in Jujuy Province, Argentina.
Falco Resources has closed a financing with Osisko Gold Royalties to be used for the advancement of the Horne 5 gold/silver/copper project and for general corporate purposes.
Brazil Resources has filed a NI 43-101 technical report for its Whistler gold project located in south central Alaska.
Panoro Minerals and its wholly-owned subsidiary, Panoro Trading (Cayman) have received payments in respect of the Cotabambas copper/gold/silver/molybdenum project located in Peru.
Gensource Potash Corp has a completed (PEA) for its Vanguard potash project in Saskatchewan.
Rox Resources announces a maiden Inferred Mineral Resource for the Teena zinc-lead deposit, located 8 km west of the McArthur River zinc-lead mine in the Northern Territory:
Strongbow Exploration has filed a technical report pursuant to NI 43-101 for the South Crofty tin project, Cornwall, UK on www.sedar.com.
Giroux Consultants has completed an initial Indicated Mineral Resource for the main Peshter Gossan Zone at the Slivovo gold project in Kosovo.
Walkabout Resources Ltd reports the metallurgical results from ongoing highly innovative test-work conducted on representative samples from the 70% held Lindi Jumbo graphite project in southeast Tanzania.
Copper North Mining Corp is amending certain terms of the proposed non-brokered private placement announced on May 16, 2016. It intends to use the proceeds for exploration at the Thor property and toward completion of an updated PEA on the Carmacks project.
Global Energy Metals (GEMC) announces a financing that will allow for a work program at its 100% owned Werner Lake cobalt project.
Variscan Mines has completed a maiden resource calculation to JORC 2012 standard for the zinc-rich Porte-aux-Moines volcanogenic massive sulphide (VMS) deposit within the Merléac exploration licence in Brittany, France.
The technical components of a PFS on PNX Metals’ Hayes Creek zinc, gold and silver project in the Pine Creek region of the Northern Territory are now fully-funded.
Horizonte Minerals has been granted a Preliminary Environmental Licence (LP), for the mining and beneficiation plant to produce ferronickel, for its Araguaia nickel project by the Brazilian Pará State Environmental Agency (SEMAS).
Atrum Coal provides an update on the PFS for the Groundhog North Mining Complex, British Columbia, Canada:
Following the recent discovery of high grade lithium pegmatites at Lake Johnston, Poseidon Nickel Ltd updates progress.
Arizona Mining has closed the previously announced private placement for an ongoing drill campaign to determine the size and extent of the Taylor deposit at the Hermosa project.
Dacian Gold reports new high grade in-fill drilling results from the Morgans Underground Mineral Resource, which forms part of the Westralia Prospect, at its 100% owned Mount Morgans Gold Project (MMGP) in Western Australia.
Stonegate Agricom has closed its previously announced non-brokered private placement. It is engaged in acquiring and developing agricultural nutrient projects and is currently focused on the development of the Paris Hills phosphate project located in Idaho.
Formation Metals intends to use the net proceeds from an offering to fund bankable feasibility level technical studies on the company’s Idaho cobalt project and for general working capital purposes.
Sirius Minerals has selected preferred contractors for key components of its North Yorkshire polyhalite project, UK, and the future revision to the Stage 1 capital requirements.
Poseidon Nickel Ltd announces a 180% increase in the JORC 2012 compliant Silver Swan Indicated Resource Estimate recently prepared by Optiro.
Magnetite Mines has accepted proposals from China Iron and Steel Research Institute Group (CISRI) for magnetite concentrate pelletizing test work and for concentrate sintering test work.
West African Resources has an aggressive drilling program at the recent high grade gold discovery at the M1 prospect within the company’s Tanlouka gold project in Burkina Faso.
Heron Resources advises that the DFS for its wholly owned Woodlawn project is progressing well and study results are scheduled for release, as previously announced, before the end of the June quarter 2016.
Encanto Potash has completed a supplemental groundwater investigation as part of the Environmental Impact Assessment (EIA). A four-hole program was carried on the flagship Muskowekwan First Nation (MFN) property.
Empresa Minera Ambiental BacTech S.A. (EMABSA), has signed an Association Contract with Corporación Minera de Bolivia (COMIBOL), the state mining company of Bolivia. The ten-year contract calls for the environmental remediation and restoration of the Antigua tailings and an option on the Nuevo tailings, both situated at the Telamayu mill site.
Atlantic Ltd has completed the acquisition of the Windimurra vanadium and iron ore project (pictured) with the support of its major shareholder and creditor Droxford International.
Cyprium Mining Corp has completed the rehabilitation of shaft #3 of the company’s Potosi silver mine located in the historic Santa Eulalia mining district in northern Mexico.
Construction at Red Eagle Mining’s flagship project in Colombia, the San Ramon gold mine, continues unabated. First gold pour is on schedule for the second half of 2016.
Demonstrating the strength of international demand for its high-grade product, emerging iron producer Carpentaria Exploration, as Manager and 62% owner of the Hawsons iron project, now has a non-binding letter of intent with independent commodities trading house Gunvor Singaporefor the purchase of 1 Mt/y of Supergrade.
Stellar Diamonds, the London listed diamond development company focused on West Africa, has been verbally informed that the Minerals Advisory Board (MAB) has approved the application for a mining licence over its 100% owned Tongo project in Sierra Leone.
Cleveland Mining Co has been granted the Environmental Permit (Installation Licence or LI) required to commence mining related activities at the company’s O Capitão, Lavra project.
Aquila Resources, a development-stage company advancing the gold- and zinc-rich Back Forty Project in Michigan’s Upper Peninsula, has more funding from Orion Mine Finance.
KEFI Minerals, the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, has further reduced the funding requirements and finance costs for the development of the Tulu Kapi gold project.
Altona Mining has concluded negotiations on binding agreements with Sichuan Railway Investment Group (SRIG) to create a joint venture to build a new copper-gold mine at Altona’s Cloncurry project located in northwest Queensland.
Stornoway Diamond Corp provides an update on operational readiness at the Renard diamond project ahead of expected first diamond production later this year.
Cyprium Mining Corp has signed an agreement with Chihuahua, Mexico based mining contractor Bergmann Mexico with respect to mine development and other mining activities including drilling, blasting and extraction of mineralized material at the Potosi silver mine.
FinnAust Mining (FAM) has appointed Royal IHC to provide primary support services to the company on the Pituffik titanium project.
Nordgold has started construction on its low-cost, large-scale Gross mine in Yakutia, Russia. First gold is expected to be poured in Q1 2018. In Kazakhstan, Nordgold has launched an innovative Outotec HiTECC (Hot Leach) process at its Suzdal mine to recover gold from both historical and CIL future tailings.
American CuMo Mining Corp and its subsidiary, Idaho CuMo Mining Corp, have signed a non-binding MOUs with respect to the development of CuMoCo’s CuMo Project, a molybdenum-copper-silver deposit located in Idaho, USA.
Lincoln Minerals has been granted a 21-year lease for the 300-ha Kookaburra Gully graphite project on South Australia’s Eyre Peninsula, which is also in the world’s top 10 deposits based on grade.
Ucore Rare Metals updates on the continuing performance of the SuperLig®-One rare earth element (REE) separation pilot plant. Pregnant leach solution (PLS) derived from the company’s Bokan-Dotson Ridge project in Alaska has been treated by the SuperLig-One Molecular Recognition Technology (MRT) Plant, at the IBC Advanced Technologies, Utah facility.
Kibaran Resources provides an update on progress of the senior debt financing for its Epanko graphite project located in Tanzania.
DRA has been awarded the preliminary engineering and design of the processing facilities for the Pilgangoora lithium project, located in the Pilbara Region of Western Australia.
Greenland Minerals and Energy Ltd (GMEL) advises that both the Greenland and Danish parliaments have now passed legislation which will regulate uranium export from Greenland. This is a very significant milestone for the company as it confirms that a regulatory framework for the export uranium will be in place for the development of the company’s Kvanefjeld project.
Doray Minerals has poured first gold and commenced concentrate production at the company’s Deflector gold project in the southern Murchison region of Western Australia.
CuDeco Ltd’s Rocklands Group copper project continues to build momentum, with the company starting ore feed commissioning at the flagship Cloncurry plant in northwest Queensland.
In Sierra Leone, Plant commissioning of the Gangama Dry Mine project and handover from DRA Projects to Sierra Rutile has been successfully completed. The Gangama Dry Mine is now operational and producing high quality natural rutile, a high grade titanium feedstock.
Peninsula Energy provides an update on operations at the Lance uranium projects in Wyoming, USA.
Commercial production at the Avino Silver & Gold Mines ET mine on the Avino property in Durango, Mexico has been declared effective April 1, 2016.
Nevsun Resources Ltd has completed the new zinc flotation plant at its Bisha mine in Eritrea.
Jubilee Platinum plc provides, on behalf of its subsidiary, Jubilee Tailings Treatment Co (JTTC), an operations performance and financial update up to end May 2016; May being the first full month’s operation since commissioning of its chrome recovery plant on its PGM-bearing tailings processing project on the Dilokong chrome mine (DCM Tailings).
Trevali Mining Corp provides a mine and mill commissioning update for its Caribou zinc mine in the Bathurst Mining Camp of northern New Brunswick.
Cameco Corp has signed an agreement with Joint Stock Company National Atomic Company Kazatomprom and Joint Venture Inkai LLP (JV Inkai) to restructure and enhance the JV Inkai (uranium).
Orvana Minerals Corp’s wholly-owned subsidiary, EMIPA, has closed a $7.9 million loan facility with Banco BISA, a Bolivian bank. The primary use of proceeds will be for the recommissioning of the CIL circuit at its Don Mario mine in Bolivia.
Southern Gold advises that deep drilling has commenced at its 100% owned Cannon gold mine, 35 km east of Kalgoorlie in Western Australia.
Denison Mines Corp’s 22.5% owned McClean Lake mill has obtained authorization from the Canadian Nuclear Safety Commission (CNSC) to increase its annual production capacity of uranium (U3O8) from 13 Mlb to 24 Mlb/y.
Mincor Resources reports that its Kambalda Gold Strategy continues to advance, with the company’s total gold resource inventory doubling to 238,640 oz following the completion of Mineral Resource estimates for all six of its most advanced WA gold prospects.
Crater Gold Mining has made its first gold sale since the installation and commissioning of its new custom-made gold processing plant at the High Grade Zone (HGZ) project at Crater Mountain, Papua New Guinea (PNG).
Galaxy Resources and General Mining have agreed to a A$216 million merger to consolidate their lithium operations.
Silver Standard Resources’ acquisition of Claude Resources is complete.
American Lithium is advancing its work to develop a geological model of the company’s 18,552 acre lithium brine project in Fish Lake Valley, Esmeralda County, Nevada.
Alloys Ltd and Almonty Industries have entered into a Binding Heads of Agreement (HOA) pursuant to which Almonty has agreed to make a recommended off-market takeover offer for all of the issued, and to be issued, shares of ATC.
Helio Resource Corp reports that the transaction previously announced on February 18, 2016, whereby Helio, Damara Gold Corp and Osino Resources Corp agreed to merge their respective interests in Namibia, has been completed.
Kibo Mining, the Tanzania focused mineral exploration and development company has signed a Memorandum of Understanding (MOU) with Lake Victoria Gold Ltd to consolidate the companies’ respective Imweru and Imwelo gold projects.
Also, Kibo announced that feasibility work on the Mbeya Coal to Power Project (MCPP) has now advanced to a level where the company can commence with the formal EPC-bid process for both the Mbeya power plant and the Mbeya coal mine.
Bushveld Minerals, a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in Africa, has secured financing amounting to $5.2 million, with strategic and financial partners, to complete the first phase of the acquisition of Strategic Minerals Corp (SMC) from Evraz Group.
MDN Inc has signed a definitive property purchase agreement to acquire the Argor property from Barrick Gold, James Bay Columbium and Goldcorp.
At Oban Mining Corp’s annual and special meeting shareholders representing approximately 98.99% of the votes cast on the matter overwhelmingly approved the special resolution to change the name of the corporation Osisko Mining Inc.
Fortuna Silver Mines and Goldrock Mines Corp have entered into a definitive agreement pursuant to which Fortuna has agreed to acquire all of the issued and outstanding common shares of Goldrock.
BHP Billiton (BLT) has agreed to sell its 75% in IndoMet Coal (IMC) to its partner in the business, PT Alam Tri Abadi (Adaro Energy) for $120 million.
Image Resources advises completion of the transaction between the company and Murray Zircon and its parent, Guangdong Orient Zirconic Ind Sci & Tech Co has occurred.
Alacer Gold Corp has appointed Stewart Beckman as Chief Operating Officer. Beckman joins Alacer with over 25 years in senior management roles with Rio Tinto and Placer Dome. He has successfully managed development, construction and operations across a variety of commodities, including mines and complex hydrometallurgical processing facilities.
Magellan Gold Corp has appointed W. Pierce Carson as President and Chief Executive Officer.
Tintina Resources has appointed a new CEO commencing on June 14, 2016. John Shanahan has agreed to join the company as President and CEO.
TerraCom has appointed Cameron McRae as Chairman effective immediately.
Timothy McCutcheon has been appointed President of Wealth Minerals, effective immediately. Henk van Alphen has resigned as President, but will remain as the Chief Executive Officer.