Adelaide-based sustainable power company and developer PhosEnergy has won a $2.4mn grant under the Federal Government’s Cooperative Research Projects program to build cutting edge power generation units without a fuel source for space and remote defence applications (reports Stockhead).
In what may well be a sign of things to come, RareX has discovered additional high-grade primary mineralised zones ahead of a major new drilling push at Cummins Range (reports Stockhead).
Kingston Resources (ASX: KSN) has confirmed that a ramp-up of production from a tailings operation at the Mineral Hill gold mine in New South Wales is expected to deliver positive cash flow this month (reports Small Caps).
Booming market sees emerging WA producer already immersed in takeovers and expansion speculation, while peers Sovereign and Sheffield are also attracting renewed attention. And with a resource update pending at Genesis, is Raleigh Finlayson set to emerge as the King of Leonora?
Discovery and development news, which has been largely drowned out by the Ukraine war, made a welcome return this week on multiple fronts with a pair of oil and gas strikes joined by positive moves in gold, iron ore and titanium minerals.
A wave of upgrades is about to hit the mining and energy sector, as analysts rush to keep up with soaring commodity prices sparked by the conflict in Ukraine, prompting them to increase their commodity price assumptions (reports The Australian Financial Review).
Perth-based junior Gateway Mining (ASX: GML) has commenced a major exploration program at its wholly-owned Gidgee gold project in the Murchison region of Western Australia (reports Small Caps).
Iron ore prices are facing fresh pressure as China’s COVID-19 outbreak intensifies, but strategists say the lockdowns will only have a short-term effect on the price of the bulk commodity ahead of an expected rebound in steel demand as soon as next month (reports The Australian Financial Review).
High-grade assay results from infill reverse circulation drilling at the Mount Flora project near Leonora in Western Australia have defined zones of primary gold mineralisation for Kin Mining (reports Small Caps).
Stavely Minerals’ latest regional step-out from its resource-ready Thursday’s Gossan discovery in Western Victoria has borne unexpected fruit (reports MiningNews).
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