News

Centaurus Metals is weeks away from a maiden JORC resource for its Jaguar nickel project in Brazil (reports MiningNews)...

Centaurus Metals is weeks away from a maiden JORC resource for its Jaguar nickel project in Brazil (reports MiningNews). The company acquired the Jaguar project, in Brazil's Carajas region, from Vale late last year, though the transaction only closed last month. Jaguar had a historical foreign resource estimate of 315 million tonnes of contained nickel at 0.78% nickel. Vale was chasing a large bulk mining operation and the size didn't quite meet its criteria.

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Canadian billionaire investor Eric Sprott will maintain his 10 per cent stake in Kairos Minerals as part of a $4.2 million raising by the Pilbara gold play (reports The West Australian). The raising will comprise a $2.5m placement at a discounted 1.1¢ along with a one-for-eight non-renounceable rights issue to raise a further $1.7m. The cash will be used for exploration and drilling programs across Kairos’ Pilbara gold project, where Kairos is targeting intrusive-hosted gold discoveries similar to De Grey Mining’s nearby Hemi discovery.

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RareX has legacy leases in the Lachlan Fold Belt in eastern Australia, with some initial results that excited the market, but the junior is chiefly concerned with the development of the Cummins Range rare earths project in the west, where its work has just confirmed high neodymium-praseodymium enrichment (reports MiningNews).

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Early exploration success in Botswana means that Sandfire Resources’ 2020 financial year exploration spend will likely come in well over budget (reports MiningNews)...

Early exploration success in Botswana means that Sandfire Resources’ 2020 financial year exploration spend will likely come in well over budget (reports MiningNews). Sandfire acquired the Tshukudu project via the takeover of MOD Resources late last year and set an initial A$10-12 million budget for exploration to June 30. Based on early success, managing director Karl Simich said that figure would be higher.

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An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life ...

An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life next year (reports The Kalgoorlie Miner). Bellevue Gold yesterday revealed infill drilling had hit a grade of more than one kilogram per tonne at its namesake project north of Leinster. The headline-grabbing 0.3m at 1169g/t might ordinarily be brushed off as an anomaly.

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Mincor Resources has completed early works at its emerging Cassini nickel deposit...

Mincor Resources has completed early works at its emerging Cassini nickel deposit, near Kambalda in Western Australia, and has appointed Kalgoorlie-based underground services and equipment hire group Pit N Portal to run its mining operations, pending a final investment decision later this year (reports MiningNews). Pit N Portal, recently acquired by ASX-listed Emeco Holdings, will work at Cassini for five years and at Mincor's revived Northern Operations (the Durkin North and Long mines) for at least three years.

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Fresh from releasing the updated bankable feasibility study for its Prieska copper-zinc project in South Africa, Orion Minerals is in advanced financing and partner talks ...

Fresh from releasing the updated bankable feasibility study for its Prieska copper-zinc project in South Africa, Orion Minerals is in advanced financing and partner talks (reports MiningNews). The updated study delivered a 43% increase in undiscounted pre-tax free cashflows to A$1.6 billion, or A$1.2 billion post-tax. The net present value increased by 36% to $779 million pre-tax, or $552 million post-tax, while the pre-tax internal rate of return is up by 5% to 39%.

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Junior gold explorer Kin Mining (ASX: KIN) has reported a series of “outstanding” assay results from drilling at the advanced Cardinia project

Junior gold explorer Kin Mining (ASX: KIN) has reported a series of “outstanding” assay results from drilling at the advanced Cardinia project in Western Australia’s north-eastern goldfields, including a bonanza intercept grading 113 grams per tonne (reports Smallcaps).

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