News

TNG boss Paul Burton remains resolutely confident the company’s ambitious Mt Peake project in the Northern Territory is achievable despite its big budget, complexity and multiple moving parts (reports The West Australian).

TNG boss Paul Burton remains resolutely confident the company’s ambitious Mt Peake project in the Northern Territory is achievable despite its big budget, complexity and multiple moving parts (reports The West Australian). The company wants to establish a mine at Mt Peake 230km north of Alice Springs that will produce a magnetite concentrate. The material will then be railed 1100km north to Darwin, processed into three product streams including titanium dioxide pigment, vanadium pentoxide and a high-grade iron oxide and shipped to customers overseas.

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Gold junior Kingston Resources says it has discovered a new zone of shallow

Gold junior Kingston Resources says it has discovered a new zone of shallow, high-grade gold at the Abi prospect, just outside the existing Ewatinona resource at its flagship 2.8 million ounce Misima gold project in Papua New Guinea (reports MiningNews). Diamond drilling at Abi returned 23.6m at 2.91grams per tonne gold from 7.4m, and with rock chips at up to 9.97gpt gold and 165gpt silver plus channel samples of 1m at 30.4gpt gold, 6.2gpt silver, and widths up to 12m, the company is increasingly confident that Abi can add to the 220,000oz Ewatinona resource.

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There’s a modern-day gold rush on in WA. Not the type where people come running with picks and shovels

There’s a modern-day gold rush on in WA. Not the type where people come running with picks and shovels, but rather with cheque books in the hope of securing established resources which can be combined with other nearby deposits to provide scale and feed a central plant (reports Stockhead). In a world of declining gold reserves, high-quality deposits within trucking distance of a plant are in strong demand.

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A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West

A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West Australian).

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Chinese Premier Li Keqiang warned maintaining 6 per cent growth was "very difficult", but economist Chi Lo argues political pressure on Beijing

Chinese Premier Li Keqiang warned maintaining 6 per cent growth was "very difficult", but economist Chi Lo argues political pressure on Beijing to deliver on a promise of doubling the size of the economy in a decade will underwrite growth around current levels in the short term (reports The Australian Financial Review).

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Rejuvenating old WA gold mines has been a lucrative strategy for numerous companies and their shareholders in recent years. The seeds of this trend were sown by Northern Star Resources’ purchase and subsequent success at the Paulsens gold mine. This fashionable approach to creating wealth then took hold as the likes of Saracen followed suit by acquiring Thunderbox and Dacian Gold’s purchase of Mount Morgans.

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Bardoc Gold (ASX: BDC) says it will “rapidly advance” the next stage of its multi-pronged growth and development strategy in WA’s rich Kalgoorlie district

Bardoc Gold (ASX: BDC) says it will “rapidly advance” the next stage of its multi-pronged growth and development strategy in WA’s rich Kalgoorlie district after unveiling a $15 million capital raising. The North Fremantle-based company, which is led by the key founding directors of lithium juggernaut Pilbara Minerals (ASX: PLS), said it has received firm commitments to raise $12 million through a share placement to strategic investors at 10c. Plus, it will launch a Share Purchase Plan to existing shareholders to raise up to an additional $3 million at the same price.

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There’s a modern-day gold rush on in WA. Not the type where people come running with picks and shovels, but rather with cheque books in the hope of securing established resources

There’s a modern-day gold rush on in WA. Not the type where people come running with picks and shovels, but rather with cheque books in the hope of securing established resources which can be combined with other nearby deposits to provide scale and feed a central plant.   In a world of declining gold reserves, high-quality deposits within trucking distance of a plant are in strong demand.  

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RRS Summer Series 2019 - Sydney Conference

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