Mining Proposal approved for Bellevue Gold Project
The WA Department of Mines, Industry Regulation and Safety have granted the Bellevue Gold Project’s Mining Proposal and Mine Closure Plan approval under the Mining Act of 1978.
According to Bellevue, construction and underground development are still on schedule and within budget for the first gold in the second part of this calendar year.
New high-grade intercepts lead to northern operations being extended when Cassini UG drilling begins
Mincor Resources NL has reported additional substantial assay results from underground drilling targeting expansions of the Durkin North and LN04a orebodies within the Company’s Long and Durkin North Operations at Kambalda in Western Australia (together, the Northern Operations).
The analysis of this additional geological data has resulted in the modelling and interpreting of a much larger Long-Durkin North mineralised channel, according to Mincor. The most recent interpretation shows that the Long, LN04a, and Durkin North orebodies are all part of the same broad mineralised channel with a strike length of more than 2.5km. The high-grade massive sulphide intersections found within this channel are similar to the usual Kambalda-type ore surfaces now mined at Mincor’s Northern Operations, the company added.
Drilling underway at Letlhakane Uranium Project
A-Cap Energy Limited has begun a 1,500m (PQ) diamond drill core program consisting of 25 holes at its flagship Letlhakane Project in Botswana, which is home to one of the world’s top ten undeveloped uranium deposits.
In a statement, A-Cap Energy said the program is planned to last six to eight weeks and will gather roughly two tonnes of mineralised material for existing beneficiation, leaching, and metallurgical testing.
Ioneer permitting violation
A permit violation connected to Ioneer Ltd‘s November 2022 geotechnical drilling program (Program) at Rhyolite Ridge has been reported to the company, according to Ioneer.
According to Ioneer, the placement and storage of drill program-related equipment along Cave Springs Road were not permitted by the Program’s permit provided by the Bureau of Land Management (BLM). Pioneer said what happened was a breach of BLM regulations; no Tiehm’s buckwheat was disturbed.
Patriot drills highest grade lithium drill intercept date
Patriot Battery Metals Inc. announced core assay findings for fourteen (14) further drill holes from its 2022 drill program at its fully owned Corvette Property (the Property). The principal drill site is the CV5 Pegmatite, about 13.5 kilometres south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.
The fourteen drill holes mentioned herein, according to Patriot Battery Metals, targeted mineralisation in the CV5 Pegmatite’s eastern and western sections. Drill hole CV22-083 struck the CV5 Pegmatite’s strongest lithium mineralised sequence, the company added.
Leo Lithium addresses media speculation
Leo Lithium Limited takes note of an article published in the Australian Financial Review on 19 January 2023, stating that Leo Lithium will be conducting a capital markets roadshow in the coming weeks. “However, it would not be unreasonable to expect a capital raising,” the piece speculates, Leo Lithium said.
According to Leo Lithium, it has continuously indicated that the Company is well-funded for building Goulamina Stage 1. Furthermore, Leo Lithium said, an early income potential involving at least two Direct Shipped Ore (DSO) shipments before planned initial concentrate production is being considered. DSO is intended to help de-risk project commissioning and activities and provide greater balance-sheet flexibility.
BHP Operation Review for the half year ended 31 December 2022
BHP has released its Operational Review for December 2022.
According to BHP, its operations remained fatality-free for the fourth consecutive year, further saying it has continued to deliver reliable operational performance during the quarter.
BHP CEO Mike Henry said BHP continued to advance various growth paths during the quarter to shift its portfolio towards future-facing commodities and lower its operational emissions. Henry added that OZ Minerals Board unanimously approved BHP’s scheme implementation agreement to acquire OZ Minerals.
Deterra Royalties: BHP Operational Review for the December 2022 quarter
Deterra Royalties Limited takes note of BHP’s Operational Review, which was published today.
Deterra Royalties has listed selected information from the report is provided below to help readers understand essential operational aspects connected to the Mining Area C (MAC) royalty:
- MAC produced 30.9 million wet metric tonnes (Mwmt) (100 per cent basis) in the December 2022 quarter, a 2.5 per cent decline from the previous quarter.
- South Flank’s plan to reach full production capacity of 80 Mwmt per annum (100 per cent) by the end of the 2024 fiscal year is on schedule. BHP expects natural variability in ore grade as the mine goes through the near-surface material, but this will stabilise as the mine moves deeper into the ore body and achieves full ramp-up.
In a statement, Deterra Royalties said the MAC royalty area pays the corporation a continuing royalty of 1.232 per cent of quarterly FOB revenue in Australian dollars. For the period ending 30 June, additional one-time capacity payments of A$1 million per million dry metric tonnes (Mdmt) increase in annual mining production are decided. The current annual demonstrated capacity level is set at 105 Mdmt.
IMDEX enters a binding agreement to acquire Devico
IMDEX Limited has announced the signing a of a binding agreement to acquire Devico AS for an estimated A$324 million.
According to IMDEX, the proposed acquisition is projected to be highly significant for IMDEX and is consistent with its growth plan, which includes expanding its technology within the mining production industry.
Placement to accelerate drilling and restart plans
Black Cat Syndicate Limited announced it had obtained strong commitments from institutional and sophisticated investors for a $17 million (before costs) placement at a share price of $0.40. (Placement).
The funds raised by the placement will be used to position Paulsens and later Coyote for restart, according to Black Cat Syndicate. The company added that the immediate focus at Paulsens will be extension and discovery drilling. Beginning in February 2023, a second underground drilling rig will expedite drilling at Paulsens. Targets near built infrastructure, such as Gabbro Veins in the footwall and satellite lodes in the hanging wall. This will enable these targets to be drilled concurrently with discovery drilling for Paulsens Repeats and the Paulsens Extension, the company added.
