Archives: Mineral exploration

BHP has entered into a share subscription agreement with SolGold Plc, which is the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador. Following completion of the private placement by SolGold, BHP’s interest in SolGold would increase from 6.01 to 11.2%. BHP has agreed to pay a 32% premium to the 20[…]

Australia’s chronic shortage of greenfields mineral discoveries can only be overcome by changing the sector’s exploration, financing and training models, according to a keynote speaker at a major international geoscience forum in Adelaide today. Addressing the inaugural four day Australian Geoscience Council (AGC) convention, Western Mining Services principal, Dr Jon Hronsky, said the current financing[…]

Zenyatta Ventures has added Interconnected Reduced Graphene Oxide (IC‐rGO) to its product development pipeline, working with its research partner Prof Aicheng Chen from the University of Guelph, Ontario. IC‐rGO is a three‐dimensional nanomaterial with potential applications in the energy and environmental industries. While working at Lakehead University in late 2016, Chen and his team first[…]

Sandfire Resources NL has today completed the acquisition of the 30% interest in the Springfield Exploration and Mining Joint Ventures (Springfield project) held by Talisman Mining Ltd, giving it 100% ownership of the Springfield project including the high-grade Monty copper-gold mine. Sandfire has completed the acquisition of Talisman’s subsidiary, Talisman A Pty Ltd (TLMA), for[…]

SRK Consulting has completed an update of the mineral resource estimate for Golden Deeps Ltd’s (GED) Abenab vanadium deposit in northern Namibia. The updated mineral resource estimate follows JORC Code (2012) guidelines. The updated total Mineral Resource is 1.12 Mt grading 1.28% V2O5, 3.05% Pb and 1.25% Zn at a cutoff of 0.5% V2O5. On[…]

Buoyed by a strong set of financial results for the September quarter, mineral drilling contractor Swick Mining Services is making plans to launch a deep exploration division. The company’s Managing Director Kent Swick said the creation of this unit would “further strengthen the company’s market-leading position” in underground diamond coring. The announcement came at the[…]

Rubicon Minerals Corp reports on its test trial mining, bulk sample processing and exploration activities at the Phoenix gold project. The test trial mining and bulk sample processing program have been completed. Rubicon has processed more than 35,000 t of mineralized bulk sample material extracted from three test stopes and additional mineralized material from smaller[…]

Horizonte Minerals, the multi-asset nickel development company focused in Brazil, is pleased to provide an update on its 100% owned, Vermelho nickel-cobalt located in the eastern part of the Carajás mining district. Test-work is underway at SGS Lakefield on Vermelho limonite samples, with the objective of producing high purity nickel and cobalt sulphate suitable for[…]

Venturex Resources’ Board has endorsed the DFS for the base case, 1.25 Mt/y development of the 100%-owned Sulphur Springs copper-zinc project in the Pilbara region of Western Australia based on new Ore Reserves, with key life-of-mine outcomes including project revenue of A$2,625 million, free cashflow (pre-tax real) of A$818 million, pre-production processing plant and infrastructure[…]

Minotaur Exploration Ltd reports further significant copper-gold intersections for the Eloise JV at ‘Jericho’, located 60 km southeast of Cloncurry, northwest Queensland, Australia. Drilling at Jericho, positioned only 2-5 km from the Eloise mine, has paused for compilation of the drill database. The drill rig has moved on to test other regional ground EM targets[…]