News

Northern Star Resources has appointed two new directors to its board (reports MiningNews). Mary Hackett and Nick Cernotta will join the board as non-executive directors from July 1. Hackett is a mechanical engineer and experienced oil and gas executive, having spent 17 years at Woodside Petroleum. She was most recently vice president, Australia, New Zealand and PNG at Baker Hughes. Cernotta is a mining engineer and former Fortescue Metals Group director of operations.

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Kibaran Resources has flagged plans for a $US23 million ($33 million) graphite-processing plant at Kwinana representing another lift to the area’s growing reputation as Australia’s Lithium Valley (reports The West Australian). The West Perth-based aspiring graphite producer yesterday announced it had secured a 4ha site for the plant 30km south of Perth as part of a broader strategy of becoming a multi-hub producer of battery-grade graphite, with similar facilities planned for Asia and Europe.

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Small mining companies, as a general rule, struggle to finance and build big projects, but that might not be the case with TNG’s proposed Mount Peake vanadium development in the Northern Territory (reports Tim Treadgold on Stockhead). With an estimated pre-production capital cost of $853m, Mount Peake looks to be a stretch for TNG with its stock market value of $101m. *

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Plus, Sunstone chief upbeat on porphyry drilling with assays imminent and PolarX validates its exploration strategy with $70m Lundin deal

Pilbara Minerals (PLS) was the big lithium presence at this week’s Resources Rising Stars conference, where there was lots of discussion about Tesla wankers and whether the electric vehicle revolution was real. After braving unusually cold weather on the Gold Coast at a knees up the night before beneath giant tepees erected on the green at the RACV’s Royal Pines resort, Pilbara CEO Ken Brinsden told the assembled throng that it will only be a “matter of time before we all become Tesla wankers”.

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If Charles Dickens had not coined the expression “it was the best of times, it was the worst of times” in the opening lines to his epic Tale of Two Cities about 160 years ago

If Charles Dickens had not coined the expression “it was the best of times, it was the worst of times” in the opening lines to his epic Tale of Two Cities about 160 years ago, it would be a good way of describing events this week in the Australian gold sector. On the one hand, gold hit an all-time record of more than $A1900 an ounce, while on the other hand, three local gold miners suffered self-inflicted wounds that decimated their share prices.

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Northern Star Resources is more confident than ever that its Pogo mine in Alaska will become a 300,000 ounce per annum producer

Northern Star Resources is more confident than ever that its Pogo mine in Alaska will become a 300,000 ounce per annum producer (reports MiningNews). The company paid A$351 million for Pogo in late September last year and has been working on integrating the asset. A weak March quarter, where Pogo produced 36,227 ounces of gold at all-in sustaining costs of $2062 an ounce, got the market nervous.

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PolarX has been plugging away at its huge Alaska Range Project since 2017 with a focus on three core prospects

PolarX has been plugging away at its huge Alaska Range Project since 2017 with a focus on three core prospects — Zackly, Mars and Saturn (reports Stockhead). The Mars and Saturn porphyry targets could be absolutely gigantic – which is why PolarX needed deep pockets to help fund exploration. The Saturn magnetic body, for example, is comparable in scale and geometry to Grasberg, one of the world largest copper-gold mines. It has vertical extent of 3km.

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Calidus Resources will take its time to de-risk the Warrawoona gold project near Marble Bar in the Pilbara

Calidus Resources will take its time to de-risk the Warrawoona gold project near Marble Bar in the Pilbara (reports MiningNews). The company is planning to release a prefeasibility study next month. Calidus managing director Dave Reeves told the Resources Rising Stars conference the study was focused on a 2km-long open pit with underground underneath. The company is envisaging 97% gold recoveries and 60% for gravity gold. "We're talking quite soft rock so less energy goes in," Reeves said. "Processing wise, it's as good as it gets."

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Upcoming Events

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4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference was held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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