Oct 30, 2020

Spotlight on Queensland’s critical minerals might

A raft of Queensland projects targeting critical minerals such as vanadium, graphite and cobalt are being promoted in an Association of Mining and Exploration Companies initiative. AMEC has compiled an investment opportunities document to pique investor and company interests in the critical minerals sector domestically and internationally. The document contains project information for a range of companies at various stages of development. Queensland projects showcased include: ActivEX’s ESK & Coalstoun copper and gold project betw...

Recent Stories

Oct 30, 2020

Sun Cable to power Walford Creek mining operation

Aeon Metals is turning to the sun to power its proposed Walford Creek copper-cobalt project in North-West Queensland. The company has signed a Letter of Intent (LOI) with Sun Cable to provide an energy solution for the operation. Sun Cable has been hitting the headlines for its $22 billion plan to build the world’s largest dispatchable solar and battery power station in the Northern Terri...

Oct 29, 2020

Metro holds positive bauxite outlook for 2021

Metro Mining is anticipating improved trading conditions in 2021 after a weaker bauxite market in recent months saw its Bauxite Hills mine move into its planned wet season shutdown earlier than usual. In its latest quarterly report, Metro said operational results during 2020demonstrated the Bauxite Hills mine could easily operate at a 4Mtpa rate with existing plant and equipment. Bauxite m...

Oct 28, 2020

LNP rolls out its plan to support resources sector

Opening up the Galilee Basin and maintaining current royalty rates for coal, metals and gas for 10 years are planks in a State LNP resources plan. LNP Leader Deb Frecklington said the LNP would provide secure jobs and royalty security as part of a plan to get Queensland working again. “Queenslanders have a clear choice between an anti-resources Labor government that stalls mining projects...

Oct 28, 2020

New Century launches $35m capital raising

New Century Resources has announced a $35 million ($US25 million) capital raising to reduce company debt. It is undertaking a $20.7 million ($US15 million) placement and a non-renounceable pro-rata entitlement offer for up to about $14 million ($US10 million). The company said the funds from the capital raising were intended to expedite debt repayment (it has senior secured facilities from...

Oct 27, 2020

Fresh approach for Citigold mining plans

Citigold says it has selected a site for a new small footprint processing plant to help to remove the bulk of the granite dilution from planned underground gold mining operations. The company is continuing to seek finance to complete underground capital works to restart mining at its Charters Towers gold project, based on an 11 million-ounce gold deposit under the historical gold mining cit...

Oct 27, 2020

Castillo’s Big One drilling campaign kicks off

Castillo Copper has kicked off a significant drilling campaign at the Big One deposit within the Mount Oxide project in North-West Queensland. The work will include more than 35 reverse circulation drill holes for about 4385m and an incremental 160m diamond drilling campaign targetingtwo drill-holes. It aims to confirm the extension of known mineralisation at the site, especially how deep h...

Oct 27, 2020

Centrex maintains Ardmore optimism

Centrex Metals remains ‘quietly optimistic’ about financing its Ardmore phosphate project, with hopes its timing will dovetail with improved prices, according to executive chairman Graham Chrisp. In the meantime, the company is looking for contractors for a three to four-week mining campaign in the first quarter the next year. It plans to mine 25,000 tonnes to provide material for prosp...

Oct 27, 2020

Positive study results for $220m vanadium project

Horizon Minerals has announced positive prefeasibility study results for a proposed $220 million vanadium mine in North West Queensland. The study was completed for the Richmond – Julia Creek vanadium joint venture project, based on shallow open-pit mining over an initial life of 20 years. It was focused on the Lilyvale deposit within that project, with a maiden open pit ore reserve of 45...