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Base metals

May 07, 2021
Carnaby keen to drill at ‘exceptional’ copper-gold site

Carnaby keen to drill at ‘exceptional’ copper-gold site

Carnaby Resources plans to kick off a 4000m drilling program next week after promising signs at its Nil Desperandum prospect in North-West Queensland. Managing director Rob Watkins said Nil Desperandum and Carnaby’s other Greater Duchess prospect areas were rapidly emerging as an exceptional camp of high-grade copper-gold targets. “We are genuinely excited about the targets… ...

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May 06, 2021
CQ copper-gold hopeful makes ASX debut

CQ copper-gold hopeful makes ASX debut

QMines has listed on the Australian Securities Exchange as it continues its drive to revive the Mount Chalmers mine near Rockhampton. The company began trading on the ASX today after an oversubscribed Initial Public Offer (IPO) raised $11.55 million. The funds will back a large exploration and drilling program at Mount Chalmers, which currently has… ...

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May 04, 2021
The miner, the poet and the accountant

The miner, the poet and the accountant

It’s one thing to be motivated by money, another thing to be inspired by imagination. So, is QEM Limited managing director Gavin Loyden more an accountant or a poet? More Josh Frydenberg or Barry Humphries, more Cromwell or Shakespeare? QEM managing director Gavin Loyden. After all, the financier has enough experience dealing in the cold… ...

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May 04, 2021
Good start to Develin Creek drilling

Good start to Develin Creek drilling

The first drill hole in a Zenith Minerals copper push at Develin Creek has intersected massive copper–zinc and iron sulphides over a 16.5m interval. The diamond drill program is underway at the Sulphide City JORC Mineral Resource within Develin Creek, in Central Queensland. “This initial drill program at the Develin Creek project kicks off an… ...

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May 04, 2021
Export figures highlight copper surge

Export figures highlight copper surge

The critical role of copper in ‘green’ technology is behind a 62 per cent increase in exports of the in-demand commodity, according to the Queensland Resources Council. The latest trade data from the Australian Bureau of Statistics shows Australian copper ore attracting above $4.50 per kilogram for the second successive month. The QRC said this… ...

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Apr 23, 2021
Hammer builds war chest to advance copper-gold finds

Hammer builds war chest to advance copper-gold finds

Hammer Metals is pulling together a $6 million war chest to back an aggressive Mount Isa region copper exploration program following its Trafalgar discovery. The company has received firm commitments to raise $5 million under a share placement and will also launch a share purchase plan to existing shareholders to raise up to $1 million… ...

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Apr 17, 2021
New large-scale targets at MaCauley Creek

New large-scale targets at MaCauley Creek

Inca Minerals says it has identified major new porphyry and skarn targets at its MaCauley Creek project, significantly upgrading its exploration potential. It follows an expert review of historical geophysical data, together with geochemistry data (soil and rock chip sampling) collected by Inca and by previous owners of the site, 100km west of Townsville. Among… ...

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Apr 16, 2021
Copper Dome survey reveals positive results

Copper Dome survey reveals positive results

A recent geophysical survey has proven to be good news for Rockfire Resources and its Copper Dome project in Central Queensland. The company said the helicopter survey had returned a much larger target than previously thought at the porphyry copper project. Rockfire Resources said the revised target, based on the new survey information, had increased… ...

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Apr 16, 2021
Aeon about-face on Walford Creek processing

Aeon about-face on Walford Creek processing

Aeon Metals has dumped its previous processing strategy for Walford Creek, sending prefeasibility work for the copper-cobalt mine on a new trajectory. It comes after an independent review of the key metallurgical elements of the Walford Creek prefeasibility study (PFS), initiated by interim chief executive officer and managing director Fred Hess. Dr Hess, previously a… ...

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