Archives: Mineral exploration

Polymetal International reports the start-up of the new Kyzyl mine in Kazakhstan ahead of schedule and below budget. Following the completion of all construction and commissioning activities, Kyzyl has successfully produced first gold concentrate on June 25. Polymetal has achieved the start-up of the concentrator one quarter ahead of the original schedule that had been[…]

August 1, 2018 is the closing date for papers to be submitted for the 2019 SME Annual Conference. Organised by the Society for Mining, Metallurgy and Exploration (SME), the event is being held from 24-27 February 2019 in Denver, Colorado. The conference theme is SMART Mining: Resources for a Connected World, however abstracts can be[…]

West African Resources Managing Director Richard Hyde: “The updated feasibility study confirms that Sanbrado is a high margin gold project, producing 211,000 oz/y at AISC of $551/oz over the initial five years of mine life. The project is robust, generating an after-tax IRR of 49% and paying back capital in less than 16 months. “Recent[…]

Australian Mines Ltd advises that a review of the sterilisation drilling completed across the proposed processing infrastructure sites at Sconi, as part of the company’s BFS, has indicated that high grade cobalt and nickel mineralisation extends across the sites proposed for the processing plant and haul roads. The sterilisation drilling, undertaken by Metallica Minerals in[…]

MMG Ltd has agreed the sale of its 90% interest in Lane Xang Minerals (LXML), which owns the Sepon mine in Lao PDR, to Chifeng Jilong Gold Mining Co Ltd (Chifeng), for $275 million. Sepon’s current copper operation has a projected mine life to around 2020; however, the mine life has the potential to be[…]

Havilah Resources Ltd reports that Cobalt Blue Holdings Ltd (COB) has provided Havilah with the final results of its cobalt recovery testing of a 13 kg sample of Mutooroo massive sulphide ore, pursuant to the Memorandum of Understanding (MOU) signed in February 2018. 88% of the cobalt in the Mutooroo sulphide ore recovered to leach[…]

FYI Resources Ltd has received the results from the reverse circulation (RC) drilling program at it’s 100% owned Cadoux kaolin project (EL/4673) in Western Australia. Analysis of the results have successfully confirmed the high-grade nature of the resource and demonstrates the ideal element suite (low in deleterious minerals) of the Cadoux kaolin as exemplary feedstock[…]

Liontown Resources Ltd has received firm commitments to raise A$3.0 million (before costs) to accelerate drilling, resource definition and initial scoping study activities across its three highly prospective Australian battery metal projects. Mineral Resource statements expected for all three projects over the next two quarters. The proceeds will be used to rapidly advance drilling, resource[…]

Kalamazoo Resources Ltd has been granted Exploration Licence EL006679 covering the Wattle Gully gold project, near the town of Castlemaine, in Victoria, Australia. In addition, Kalamazoo has made a further exploration licence application EL006752, to the east and south of the granted tenement, covering regional geological structures known to be associated with gold potential. Granted[…]

With the objective to provide mining clients with beneficial, high-quality geological data, Boart Longyear is introducing TruShot™ downhole survey technology as an addition to its growing instrumentation offerings. “TruShot technology is a new magnetic downhole survey tool optimised for field deployment in mineral exploration activities,” said Mike Ravella, Director of Boart Longyear’s Geological Data Services.[…]