Plus, Orion shaping up as a substantial base metals play
A special thanks to Rio Tinto’s iron ore boss Chris Salisbury for providing a much-needed laugh for the exploration industry in what has been a tough year.
Speaking at the recent St Barbara’s Day memorial lunch put on by the WA Mining Club, the 30-year Rio veteran solemnly declared that the mining industry has a trust problem.
"In an industry that is built on the goodwill and trust of governments and communities, we need to positively engage with our neighbours and the broader community to tell our story better," he said.
Dacian Gold has underpinned its gold production aims at its Mt Morgans gold operation near Laverton in the northern Goldfields to 2025 after upping its reserves by 16 per cent in a new update (reports The West Australian).
Sydney-based resource analyst Mark Gordon from Independent Investment Research has upgraded his valuation of strategic metals developer TNG (ASX: TNG) to 60c-a-share following a landmark debt mandate announced last week.
South African-focused Tando Resources has delivered its shareholders an early holiday gift by declaring a “massive maiden high-grade inferred JORC resource” at its SPD Vanadium project of 588 million tonnes at 0.78% vanadium pentoxide, including 80Mt at 1.07% V2O5 at surface (reports MiningNews).
Cashed-up Chalice Gold Mines has kicked off its hunt for the next major Victorian gold discovery (reports MiningNews editor Kristie Batten following a recent site visit to Chalice’s Pyramid Hill project in Victoria).