Archives: Mineral exploration

PJSC Polyus has reported a maiden indicated mineral resource for the sizeable Sukhoi Log gold project in Russia’s Far East, in addition to boosting the overall resource base by 9%. Estimated resources now stand at 962 Mt, with an average grade of 2.1 g/t Au for 63 Moz of gold. Within this is 374 Mt[…]

As the New Year begins, Micromine is reminding mining companies to update their software to avoid potential cyber-security breaches, data loss, system integration issues and operational downtime in 2019. The reminder comes on the back of Micromine’s release of new versions of Geobank and Micromine in 2018, which delivered a range of new productivity tools[…]

Swick Mining’s strategies of shifting drill rigs on to better performing contracts or new projects and reducing costs has continued to pay off with the underground and surface mineral drilling business posting a more than 100% year-on-year increase in EBITDA in the December quarter. The company delivered “strong unaudited results” for the three-month period, it[…]

In its H2 2018 results, BHP reports that underground operations continue to progress into the Southern Mine Area of Olympic Dam, with record development kilometres achieved and the mine’s third decline becoming fully operational in the fourth quarter 2018. Olympic Dam copper production increased by 20% to 65,000 t as a result of the major[…]

Having recently closed a deal to acquire fellow contractor Barminco, Ausdrill has announced A$171 million ($123 million) in new work across the mining space. Its Barminco business has sealed a three-year underground mining services contract with Regis Resources at the Rosemont project (worth A$113 million), in addition to receiving the nod to perform decline rehabilitation[…]

A Natural Resources Canada-backed research project is looking to devise remote predictive mapping (RPM) methods aiding exploration in the north of the country. The Vancouver Island University (VIU) research project will, the university says, “provide a unique opportunity to examine the glacial landscape of Canada’s North”, resulting in new mapping methods to help identify sources[…]

Capital Drilling Ltd, a leading drilling solutions company focused on the African markets, has provided its Q4 2018 trading update for the period ended 31 December 2018, ahead of announcing its full year results on 14 March 2019. Jamie Boyton, Executive Chairman, said: “Capital Drilling’s trading performance in 2018 was strong, particularly in the second[…]

Filo Mining has released the results of a prefeasibility study, carried out by Ausenco, on its Filo del Sol copper-gold-silver project on the borders of Chile and Argentina. The PFS envisages average annual production of approximately 67,000 t of copper, 159,000 oz of gold, and 8.65 Moz of silver at a C1 cost of $1.23/lb[…]

Talga Resources has signed a letter of intent (LoI) with a subsidiary of Germany-based Schunk Group to co-operate on the exploration and incorporation of Talga graphene (Talphene®) into a Schunk product with applications in the automotive sector. The ASX-listed company said further details of the LoI and the application were commercial in confidence at this[…]

The Australian Government Department of Industry, Innovation and Science recently announced that the joint venture (JV) between Qtec, Wallis Drilling and the University of Western Australia has been awarded a three‑year grant from the Cooperative Research Centres Program (CRC-P) up to the value of A$2.8 million ($2 million). Qteq, as the award recipients with Wallis[…]