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Base metals

May 26, 2020
New Century eyes Goro nickel-cobalt opportunity

New Century eyes Goro nickel-cobalt opportunity

Century mine operator New Century Resources has revealed a new game plan centred on the purchase of the world-class Goro nickel and cobalt mine. The company today announced that it had entered a 60-day exclusivity period with Vale to carry out due diligence on Goro and negotiate acquisition of 95 per cent of the shares… ...

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May 20, 2020
Water samples provide taste of  riches below

Water samples provide taste of riches below

A new ‘water tasting’ approach developed by CSIRO may help mining companies more accurately pinpoint reserves of valuable minerals. Researchers have discovered broad haloes of altered water chemistry around known deposits of gold, uranium, and other minerals where interaction with the ore systems has left distinctive traces in the water. The studies, supported by the… ...

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May 13, 2020
Rock reveals promise in Zenith’s new Snook prospect

Rock reveals promise in Zenith’s new Snook prospect

Sampling at Zenith Minerals’ new Snook prospect has returned highly encouraging base metal and gold values, up to 7.58 per cent copper and 0.48 g/t gold. The new copper prospect was identified 30km south of Zenith’s current JORC resources at the Develin Creek copper-zinc-gold project, west of Rockhampton. Initial geological reconnaissance mapping and soil sampling… ...

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May 13, 2020
Consolidated Tin operations back online

Consolidated Tin operations back online

Consolidated Tin Mines has recommenced operations at the Dry River South mine and Mount Garnet processing plant. The company in late March placed its Mount Garnet and Surveyor operations in care and maintenance, citing public health concerns surrounding the COVID-19 pandemic. Of the 170 people employed at the Far North Queensland base metal operations, about… ...

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May 12, 2020
Hammer hard at work on  exploration campaigns

Hammer hard at work on exploration campaigns

Hammer Metals plans a diamond drilling campaign in June on ‘compelling’ targets at the Shadow and Toby prospects within the JOGMEC joint venture project. Managing director Daniel Thomas said the first program of the $6 million JOGMEC JV had positioned Hammer for success in 2020 with the definition of a number highly prospective copper/gold drill… ...

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May 11, 2020
Castillo keen to fast-track Mount Oxide drilling

Castillo keen to fast-track Mount Oxide drilling

Castillo Copper is keen to fast-track drilling at the Arya prospect and Big One deposit within its Mount Oxide project in North West Queensland. Several drilling contractors are being invited to submit quotes to run the twin RC drilling campaigns, the company says. It says the application to progress the drilling campaigns will be filed… ...

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May 08, 2020
‘World’s Best Mine Finder’ dies at 92

‘World’s Best Mine Finder’ dies at 92

The exploration geologist known for discovering 17 major mineral deposits and co-authoring the Lowell Guilbert Model died in Arizona this week aged 92. J. David Lowell’s discoveries included La Escondida in Chile, which was developed into the world’s largest copper mine, and the nearby Zaldivar-Escondida Norte orebody. His 50-plus published articles included the paper co-authored with&#...

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May 08, 2020
New feasibility study enhances Eva’s glow

New feasibility study enhances Eva’s glow

Copper Mountain Mining has announced positive results from its 2020 feasibility study update for the Eva copper and gold project, 95km north-east of Mount Isa. But company president and chief executive officer Gil Clausen says they will only proceed with development ‘in the right copper price environment’. Total initial development capital for the Eva copper… ...

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May 07, 2020
Resources sector resilient in the face of COVID-19

Resources sector resilient in the face of COVID-19

Latest export figures have confirmed the resilience of some of Australia’s key resources in the face of the COVID-19 pandemic. Total resources and energy exports increased by nearly 34 per cent in March compared to the previous month. Federal Minister for Resources, Water and Northern Australia Keith Pitt said exports were also up by 2… ...

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