News

Mincor Resources has signed a long-term agreement with mining giant BHP to supply nickel concentrate (reports The West Australian). BHP’s Nickel West division will process up to 600,000 tonnes a year of nickel sulphide at its Kalgoorlie smelter out to 2025 once Mincor has restarted its operations in December.

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Sipa Resources (ASX: SRI) is staking its claim as one of the explorers best positioned for discovery success in Western Australia’s white-hot Paterson copper province (reports Stockhead). The Perth-based junior was a first-mover in the Paterson district, throwing down well before all the recent hype surrounding Rio Tinto’s much-vaunted Winu copper-gold discovery. It’s now one of the only companies outside of Rio Tinto with granted tenements and exploration programs under way, with its western tenement boundary sitting just 10km from the site of the Winu find.

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Plus, $4m Tanga Resources dangles visible copper with assays pending

Plus, $4m Tanga Resources dangles visible copper with assays pending The Misima gold mine on its namesake island in PNG was one of the world’s great gold mines in its day. Between 1989 and 2004, its average annual production was 230,000oz at an average life of mine cost of $US218 an oz. The closure decision by the previous owner, Canada’s since-taken over Placer Dome, was made at a time of sub-$US300 an oz gold prices, would you believe.

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The gold price took a knock yesterday when the US central bank delivered half the interest rate cut investors wanted, with the sliding share prices that followed a warning shot for investors making the trek to next week’s Diggers and Dealers conference in Kalgoorlie.

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Vanadium explorer Tando has a new name, refreshed board, and aggressive marketing and development strategy for the massive Steelpoortdrift (SPD) project in South Africa (reports Stockhead).

Vanadium explorer Tando has a new name, refreshed board, and aggressive marketing and development strategy for the massive Steelpoortdrift (SPD) project in South Africa (reports Stockhead). Vanadium Resources (ASX:VR8) says SPD in South Africa can rightfully claim to be one of the world’s largest and highest grade vanadium deposits. But despite being big and high grade (whole rock and in concentrate), SPD hasn’t received the attention it deserves, says VR8. Consultancy Mastermines was appointed to assist VR8 with marketing in Asia earlier his month.

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The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews).

The Pogo gold mine in Alaska is on its way to becoming Northern Star Resources’ flagship operation after strong resource growth (reports MiningNews). Resources at Pogo jumped 43% to 5.95 million ounces at 9.6 grams per tonne gold, the largest resource in the project's history. Northern Star also declared a maiden reserve for Pogo of 1.5Moz at 7.5gpt gold. The growth in Pogo's resource drove a 31% jump in group resources to 20.8Moz, after depletion of 915,000oz and 1.9Moz shifted to unclassified and removed at the Kalgoorlie operations.

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Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review)

Northern Star says the performance of its Pogo mine in Alaska is improving but there is still a long way to go before mining operations there run as well as its Australian assets (reports The Australian Financial Review). Bill Beament-led Northern Star welcomed a 33 per cent improvement in sales from Pogo to 48,009 ounces in the June quarter compared with the previous three months and lower costs, but said there was still work to do to get the mine up to speed with the Jundee and Kalgoorlie operations in Australia.

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1st August 2019

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews).

Saracen Mineral Holdings has outlined a plan that will see it produce 400,000 ounces of gold per annum for at least seven years (reports MiningNews). The company's record FY19 exploration spend of A$50 million has resulted in it declaring record reserves of 3.3 million ounces of gold, up 32% from this time last year even after depletion of 330,000oz. The discovery cost per reserve ounce was $30. Resources were up 7% to a record 9.2Moz.

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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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