Brazilian resource group Centaurus Metals (ASX: CTM) has struck a joint venture with one of the world’s leading nickel-cobalt mineral development groups which “completely de-risks” the exploration and evaluation phases of its Itapitanga discovery in Brazil, according to prominent Sydney resource analyst Gavin Wendt.
Writing in his Minelife newsletter, Wendt says the deal, with Simulus Group, also underlines the quality of the Itapitanga asset.
Tando Resources will very soon have an upgraded resource for its SPD vanadium project in South Africa with the final drilling results now in hand (reports Stockhead).
The latest results include hits of 18m at 0.8 per cent V2O5 from surface, including 4m at 1.16 per cent V2O5 from surface and 4m at 0.94 per cent V2O5 from 14m.
Drilling returned grades of as high as 1.74 per cent from 56m.
The established SPD deposit already hosts a “foreign” resource of 513 million tonnes at 0.78 per cent vanadium pentoxide (V2O5).
Lithium stocks woke with a jolt yesterday after the big American chemical maker Albemarle Corporation agreed to pay whopping $1.58 billion for a half-share in the Wodgina project of Mineral Resources, potentially leading to a significant re-rating of the broader new-energy sector.
Lithium producer Pilbara Minerals says the willingness of customers to stump up finance for the $231 million expansion of its Pilgangoora mine underscores the strong medium and long-term fundamentals of the sector (reports The Australian).
Strategic metals developer TNG (ASX: TNG) has secured the mineral leases for its wholly-owned flagship Mount Peake vanadium-titanium-iron project in the Northern Territory, with this latest milestone clearing the way for the company to pursue project development financing (reports the Small Caps investor news service).
The mineral leases cover where the Mount Peake open pit mine will be located, as well as associated infrastructure including processing plant, camp site and rail loading facilities, Small Caps reports.
The combined market value of Australia’s mid-tier miners has powered ahead for the second consecutive year (reports MiningNews).
PwC's 12th annual Aussie Mine report, which analyses the 50 largest ASX-listed miners valued at less than A$5 billion, found that the value of the group jumped 28% to $58.7 billion.
All but three of the group - AngloGold Ashanti, OceanaGold Corp and Tribune Mining - saw their market capitalisations grow over the 2018 financial year.
Pilbara Minerals is the latest WA miner increasing its commitment to meet lithium demand for batteries to support renewable energy and power electric vehicles with a $231 million expansion of its Pilgangoora lithium project (reports The West Australian).