Work on the Exxon project set to take place alongside construction of the ~US$20b Total LNG project
RBR Group’s strategy to be a major supplier of labour and training services to the Mozambique LNG construction industry has received another boost with the Government of Mozambique and the Exxon Mobil (Exxon) lead consortium behind the Mozambique Rovuma Venture announcing an Initial Investment Decision for the US$33 billion LNG project.
The Initial Investment Decision paves the way for Exxon and its partners to invest more than US$500 million in the initial construction phase of Rovuma.
Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West
Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West with the Northern Australia Infrastructure Facility progressing the project to the detailed due-diligence phase (reports The West Australian) .
Strandline managing director Luke Graham said while the NAIF assessment continued, the company would advance discussions with private lenders.
“We will also continue negotiations on project development contracts, product offtake and strategic partner arrangements,” he said.
Acquisitive explorer Bardoc Gold says it has amassed a three million ounce resource at its namesake project 55km north of Kalgoorlie
Acquisitive explorer Bardoc Gold says it has amassed a three million ounce resource at its namesake project 55km north of Kalgoorlie as it looks to expedite plans to bring it into production (reports The West Australian).
The company yesterday unveiled a 17 per cent increase in its global resource, lifting it to 49.4 million tonnes at 1.9 grams per tonne for 3.02 million ounces of gold.
Bardoc will use the resource and a recently announced $15 million capital raising to underpin a pre-feasibility study for its project due early in the new year.
Dacian Gold shares have hit the highest point since a June production downgrade after the company reported a high-grade maiden resource for its Phoenix Ridge discovery
Dacian Gold shares have hit the highest point since a June production downgrade after the company reported a high-grade maiden resource for its Phoenix Ridge discovery (reports MiningNews).
Phoenix Ridge has a maiden inferred resource of 481,000 tonnes at 8.1 grams per tonne gold for 125,000 ounces of gold, using a 2gpt lower cut-off.
The resource is based on 24 diamond holes for 8200m of drilling.
Saracen Mineral Holdings has snapped up Talisman Resources’ Sinclair nickel project for $10 million
Saracen Mineral Holdings has snapped up Talisman Resources’ Sinclair nickel project for $10 million for its gold potential and existing infrastructure close to its Thunderbox operations near Leinster (reports The West Australian).
First drilling of the Mars prospect at PolarX’s Alaska Range project has hit porphyry-style veins containing visible copper, with the junior saying it was looking forward to further results from the “very exciting” target (reports MiningNews).
PolarX is excited because of the potential significance of any discovery given "the large size of the co‐incident copper‐gold‐molybdenum geochemical anomaly and the geophysical anomalies at Mars".
Assays are also awaited for potential gold content.
Drilling on a minor portion of the 18km-long contact of the Montague Granodiorite has delivered Gateway Mining a maiden resource of 240,000 ounces of gold, and the company has immediately launched into a 16,000m drilling program hoping to quickly add additional ounces (reports MiningNews).
Gateway managing director Peter Langworthy said the maiden inferred resource for the Whistler and Montague deposits of 3.4 million tonnes grading 2.2 grams per tonne was an important first step for the project in the emerging play.
The old saying is that the best place to find a resource is to explore where it has been discovered before, and that is the well-travelled strategy that Resources & Energy Group is bring to bear in the Menzies goldfield, where CEO Christian Price says there has been a lack of dedicated exploration (reports MiningNews).
REZ secured the East Menzies assets from vendors including g director Richard Poole, last November, and after around six months of delving into the data undertook its maiden drilling program mid-year, with a follow-up program to the south starting now.