Alma Metals: New England Orogen a ‘slow burn’ but big porphyry potential
Porphyry deposits run deep – from hundreds of metres to several thousands of metres into the Earth. These are massive deposits hosting billions of tonnes worth of the world’s resources.
“Some of the really big ones around the world have got almost 2km of vertical extent,” Frazer Tabeart, Managing Director of copper porphyry hunter Alma Metals, (ASX:ALM) tells Mining.com.au.
Porphyry deposits are the world’s largest source of copper, accounting for over 60% of the red metal, as well as other important metals such as molybdenum, gold and silver. Although low grade, they are extremely high tonnage.
Hertz Energy CEO Kal Malhi on critical minerals: Lithium, uranium, and antimony projects
Key topics discussed:
Zero Emissions Day: From climate concern to global action
As the world pushes towards ambitious net zero targets, the past decade has seen a ramp up in the various initiatives being rolled out in a bid to ‘green’ the planet.?
Climate change was raised as a political issue as far back as the 1970s, but it wasn’t until the 1990s that it really started to feature prominently on the global political agenda.
An idea was floated in the 1980s by Canadian environmental activist Ken Wallace to create a day dedicated to raising awareness of the environmental impacts of emissions. The idea reportedly came to him as he was walking down the street in his home city of Nova Scotia with his child, who became unsettled by the pollution and noise from the traffic.?
Onsite at Briggs Copper Project: In-depth update with Alma Metals' CEO Frazer Tabeart
Key topics include:
Barrick’s big trouble in little Porgera
Barrick Gold (TSX:ABX) is one of the world’s largest mining companies. Based in Toronto, the C$49 billion ($72.3 billion) giant has operations in 14 countries across four continents, and things seem to be going pretty well.?
Those projects produced 4 million ounces of gold and 420 million pounds of copper in 2023, generating almost US$11.4 billion ($16.9 billion) in revenue and more than US$1.2 billion in net earnings.
But there’s one corner of the world where things, Barrick might say, could be going better.
Recent stories
Pivotal closing the gap between resources at Horden Lake
Step-out drilling at Pivotal Metals’ (ASX:PVT) copper-dominant Horden Lake Project in Québec has demonstrated the continuity between the two open pit resource areas.
Two holes were drilled into the gap between the main and northern pits of the Horden Lake deposit, with both intersecting the mineralised contact zone and representing “significant step out from the historic drilling”.
Results show multiple wide zones at shallow depths in hole HN-24-123, which provides the link between the two existing resource blocks.
Hertz sparks antimony hunt in Québec as supply shortfall widens
Vancouver-based Hertz Energy (CSE:HZ) is mobilising to the Harriman Project site in Canada this month to begin exploration for the under-supplied and increasingly sought after critical mineral, antimony.
The Harriman Project is an exploration-stage antimony project located about 17km northeast of the town of New Richmond in the Gaspé region of Québec.?
The region is known for its range of significant mineral deposits including Osisko Metals’ (TSX-V:OM) 495-million-tonne Gaspé Copper Project, one of the largest copper development projects in Eastern North America.
Solis advances portfolio of Guaneros copper-gold targets
Solis Minerals (ASX:SLM) says drone magnetometry survey and geochemistry work have advanced its portfolio of copper-gold targets and uncovered a high-priority exploration area within the Guaneros Project in Peru.?
Interpretation of the magnetic survey results is underway, and the company expects to conduct evaluations of which areas are suitable for induced polarisation (IP) surveys in due course.?
Drill permitting of these targets is anticipated to begin in the first quarter of 2025, with the associated drilling program anticipated to run throughout 2025.?
‘One of the largest uranium producers on the ASX’: Lotus
Lotus Resources (ASX:LOT) says the results of its recent Scoping Study have confirmed that its Letlhakane Project in Botswana is a “long-life, high-value” uranium asset.
The study confirms an economically viable 15-year operation under a range of uranium price scenarios, producing 3 million pounds each year.?
领英推荐
Lotus says the base case scenario estimates an initial capital requirement for the mine’s life totalling US$465 million ($687.4 million), and pre-production capital of US$23.5 million.?
Quiet achiever silver is on the move again
Gold is the hot topic of the year as it continues to reach new heights, but silver is actually quietly notching greater gains than its more loved precious metals counterpart.?
Ole Hansen, head of commodity strategy for Denmark-based investment bank Saxo, says silver has outperformed this month, delivering returns twice as large as that of gold.?
“Silver’s dual role as both a precious and industrial metal means its price is influenced by gold, industrial metals, and the dollar,” Hansen notes.
Major elections to come: Part 2
In Part One of this series, we looked at 2024 to date —? ‘the biggest election year in history’ in the minds of some. There was Russia, India, Mexico, the UK, and even the International Seabed Authority, which regulates mineral-related activity on the deep sea floor.
But the year isn’t over yet, with many eyes expected to be on the Trump-Harris US presidential election in November. Then there’s a bit of a lull before major elections in Australia and Canada towards the end of 2025.
US recruits Jindalee for critical minerals partnership
The US Department of Energy (DOE) has invited a subsidiary of Jindalee Lithium (ASX:JLL) to collaborate on extraction methods for the junior explorer’s McDermitt Lithium Project located on the Oregon-Nevada border.
Subsidiary HiTech Minerals has inked a strategic Cooperative Research and Development Agreement with Ames National Laboratory, which leads the US DOE’s Critical Materials Innovation (CMI) Hub.
The CMI Hub is tasked with accelerating scientific and technological solutions to secure resilient supply chains for rare-earth metals and other materials critical to clean energy technologies.?
Chinese investor moves to block Paladin’s takeover of Fission Uranium
Paladin Energy (ASX:PDN) is facing opposition to its proposed acquisition of Canada’s Fission Uranium (TSX:FCU) from a Chinese backer in the takeover target.
The Western Australia-based uranium producer, which has a market capitalisation of $2.8 billion, says CGN Mining Company – a subsidiary of China General Nuclear Power – holds a disclosed interest of 11.26% in Fission and is opposing approval of the tie-up.
In late June, Paladin revealed it had entered into a definitive agreement to acquire all of the shares of Fission Uranium in exchange for 0.1076 Paladin shares for each Fission share held.
High-grade platinum group metals at Thunder Bay North: Clean Air Metals' latest drill results
Key topics discussed:
High-grade antimony discovery at Herberton: Iltani Resources CEO Donald Garner explains
Key topics discussed:
Exploring high-grade antimony at Hertz Energy's newly acquired Lake George Project
Key topics include:
Power Nickel expands NISK Project with major drilling campaign
Key highlights:
Exploring for zinc: Tempest Minerals' boots on the ground at Five Wheels Project
Key topics covered: