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Base metals

Feb 23, 2021
Zenith delves deeper at Red Mountain

Zenith delves deeper at Red Mountain

Zenith Minerals has started a follow-up drill program to a depth of 400m at its Red Mountain gold project in Central Queensland. It comes after the company intersected high-grade near-surface gold in the maiden and subsequent drill programs last year. The results last year included 13m grading at 8g/t gold and 3.2g/t silver, and 15m at 3.5g/t gold including 2m grading at 22.4g/t gold. “S...

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Feb 16, 2021
New listing brings Chillagoe package to the bourse

New listing brings Chillagoe package to the bourse

R3D Resources has launched its $4.25 million public offering, boasting a portfolio of Chillagoe copper-gold assets through the acquisition of Tartana Resources. The merged company has a target listing date of March 30 and an indicative market cap of $21 million. Assets include the Tartana copper project, where re-establishing copper sulphate production using the existing processing infrastr...

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Feb 08, 2021
Report questions McArthur River impact

Report questions McArthur River impact

A new report on McArthur River Mine says sacred Indigenous sites and an important river system face irreversible damage if operations continue unabated. It highlights issues including acid build-up in waste rock that was misclassified as harmless and seepage from a tailings dam into groundwater and nearby creeks. UNSW engineering associate professor Fiona Johnson, one of the report’s contri...

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Jan 29, 2021
Capricorn Copper invests in future as site ramps up

Capricorn Copper invests in future as site ramps up

Capricorn Copper has achieved production gains of about 10 per cent in the past six months as the operation ramps up to a target output of 30,000 tonnes of copper in concentrate per annum. The North West Queensland mine also installed significant pumping infrastructure recently and is working with key stakeholders on an updated tailings strategy to support the extended mine life. Capricorn ...

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Jan 25, 2021
New Century sizes up Silver King for potential mine

New Century sizes up Silver King for potential mine

New Century Resources has launched a drilling program at the high-grade Silver King deposit as it weighs up future mining opportunities at the Century site. The Silver King lead-zinc-silver deposit is 3km west of the existing Century processing plant and, along with the East Fault Block, is the subject of a development study. New Century said there was potential for near-term development of...

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Jan 21, 2021
Tartana in deal to add Newcrest project to its assets

Tartana in deal to add Newcrest project to its assets

Tartana Resources is snapping up a raft of Newcrest Mining tenements as it builds its presence in the Chillagoe area. The company, which is working towards a restart of the former Tartana copper sulphate plant, has negotiated a sale and purchase agreement with Newcrest for the Bulimba project. Tartana says the EPMS cover more than 1250sq km and would place it as one of the more significant ...

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Jan 21, 2021
New Century approach shaves cost off rehab dues

New Century approach shaves cost off rehab dues

The Queensland Government has agreed to a $14.1 million reduction in the Estimated Rehabilitation Cost (ERC) associated with the Century mining operations in the lower Gulf. Project owner New Century Resources has welcomed the move as recognition of its economic rehabilitation model at the site, where it is reprocessing tailings from previous operations. It said the cut took the ERC to a to...

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Jan 20, 2021
Hammer hails Trafalgar  copper-gold discovery

Hammer hails Trafalgar copper-gold discovery

Hammer Metals has reported broad copper and gold intercepts confirming a new discovery at the previously undrilled Trafalgar prospect within its Mount Isa East Joint Venture tenements. Significant intercepts from two holes drilled in December included 55m grading at 1.12 per cent copper and 0.30g/t gold and 32m grading at 1.04 per cent copper and 0.25g/t gold. The two holes for 368m were dr...

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Jan 19, 2021
Castillo turns from NSW assets to focus on Big One

Castillo turns from NSW assets to focus on Big One

Castillo Copper is looking to sharpen its focus on its Mount Oxide project in North West Queensland, with plans to divest its Broken Hill Alliance (BHA) project in New South Wales. The move followed a strategic review, factoring into account the excellentrecent drill results from Big One deposit at Mount Oxide, the company said. It is considering divestment opportunities including a possibl...

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