Kanmantoo Attitude Keeps Hillgrove on Pace for Ramp-up
Hillgrove continues Kanmantoo production ramp-up as copper gains strength
As the price of copper gathers pace, Hillgrove Resources (ASX:HGO) says it will continue to ramp up production at its Kanmantoo Underground Copper Mine in South Australia over the next few months.?
The company has completed its April 2024 copper production campaign. Production increased to 719 tonnes this month, up from 239 tonnes in February and 589 tonnes in March, and demonstrated copper recoveries of 90%.??
The milling campaign ran for two weeks.?
Hillgrove, which has a $152.82 million market capitalisation, says operational metrics at the processing plant will likely continue to improve, with increases in plant throughput and copper recovery.?
Deep Leeds – Rubble Mounds resource increases 70%
ABx Group (ASX:ABX) announced a 70% increase in tonnes and 3% higher grade for the Deep Leads – Rubble Mound and Wind Break rare earth resource located in Tasmania, Australia.
The new resource estimate now sits at 89 million tonnes and has the highest proportion of dysprosium + terbium (4.3% of TREO) of any clay-hosted rare earths resource in Australia, ABx says.
Upon the news, ABx Group Managing Director Mark Cooksey commented: “ABx’s resource is exceptionally enriched in permanent magnet rare earths, especially dysprosium and terbium, which have the highest global supply risk and are almost exclusively produced from ionic adsorption clay rare earth deposits in China and Myanmar. ABx is focused on creating a rare earths project that can address looming supply shortages of these critical minerals.”
Breath of Clean Air with Thunder Bay summer drilling on horizon
Clean Air Metals (TSX-V:AIR) is actively assessing other properties throughout Ontario that have platinum group metals potential while embarking on a “modest” summer drill program to extend the down plunge extent of its Thunder Bay North project.?
The focus continues on refining the Escape down-plunge target at its Thunder Bay North Critical Minerals Project, situated in a well-endowed region of Northwestern Ontario.
Executive Chair Jim Gallagher tells Mining.com.au that with the summer drill results expected to be available by September 2024, Clean Air Metals continues advancing its flagship project, which has a suite of platinum, palladium, copper, and nickel.?
Viking Mines results exceed expectations
A large vanadium deposit, plus several other strategic metals complete with a 30-year mine life. Viking Mines (ASX:VKA) Canegrass Project is shaping up to be an important polymetallic ore body.
The results of the pit optimisation study (POS) have proven extremely successful, outlining multiple open scenarios for each of the three deposits that make up the Canegrass Project. Plus the resource now includes copper, titanium, iron ore, nickel and cobalt.
Viking Mines MD and CEO Julian Woodcock, commenting on the March results of the POS says: “The results of the POS have exceeded my expectations and reaffirmed the company’s belief that there is substantial inherent value within this exceptional vanadium/magnetite project.
Great Western gains funding for Oval and Oval South copper-gold drilling
Great Western Exploration (ASX:GTE) has secured funding under the Western Australian Government’s Exploration Incentive Scheme (EIS) for an upcoming diamond drilling program at its Oval and Oval South copper-gold targets.?
Oval and Oval South sit within the company’s Yerrida North Project in Western Australia, and are positioned adjacent to the DeGrussa and Monty copper-gold volcanic hosted massive sulphide deposits.?
Great Western, which has a market capitalisation of $19.48 million, will receive funding for up to 50% of the drilling costs — capped at $113,000 — and up to $5,000 for drill rig mobilisation costs.?
Toubani lays foundations for maiden Kobada gold reserve
Toubani Resources (ASX:TRE) says completion of its resource definition drilling program is imminent, which will pave the way for improved confidence in the resource at the Kobada Gold Project in Mali and underpin studies for the definition of a maiden reserve.
The goal of the current program is to convert areas of inferred mineralisation to the higher confidence indicated and measured categories.
Over 60% of the current 2.4-million-ounce contained resource is already in the indicated category, while the remainder is inferred.
Metro Mining kicks off bauxite cargo operations
Metro Mining (ASX:MMI) announces its offshore floating terminal (OFT) Ikamba has begun cargo operations loading bauxite onto a capesize vessel.
A key part of Metro’s expansion project to 7-million-tonne annual capacity, Ikamba triples the company’s potential transhipping throughout but also provides additional resilience and upside to the Bauxite Hills Mine operation.
The $208.21 million market capitalisation company says the OFT enables the faster loading of vessels up to Newcastlemax size of 220,000 tonnes and, due to its size, can operate safely in more difficult weather conditions.
Black Canyon delivers 32% manganese concentrate as Scoping Study progresses
Black Canyon (ASX:BCA) says results from a dense media separation (DMS) process will be used to inform a Scoping Study currently in progress at the KR1 and KR2 deposits in Western Australia.
The company is seeking to deliver a manganese concentration Scoping Study by the end of the second quarter of 2024. It will examine several options, including single or multi-pit openings, a central processing plant, production rates, and transport solutions.
Black Canyon, which has a market capitalisation of $7 million, says the DMS produced up to 32% manganese concentrate from the KR1 and KR2 deposit test samples.
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Bauxite: A brief history
You’d be excused — given its prevalence in the modern world, from beverage cans to jet engines — for thinking that aluminium has been around since the dawn of time. But unlike silver, lead, iron, and other commodities whose usage has been a human staple for millenia, pure aluminium was only discovered in the early 19th century — and at the time was more valuable than some precious metals.
But the transition from anonymity to popularity would not have been possible without the diligence of one Pierre Berthier, a geologist and mining engineer who, on 23 March 1821, in the tiny village of Le Baux, France, struck upon a reddish, clay-like material. This, we know now, was bauxite, the precursor ore for the overwhelming majority of aluminium production.
Nor would that transition have been possible without the efforts of American chemist Charles Martin Hall, who in 1886 devised an inexpensive method for producing aluminium by dissolving alumina — obtained largely from bauxite — in molten cryolite before electrolysing the molten salt bath. Hall, in partnership with Pittsburgh-based metallurgist Alfred E. Hunt, ultimately went on to form Alcoa (NYSE:AA).?
Hillgrove continues Kanmantoo production ramp-up as copper gains strength
As the price of copper gathers pace, Hillgrove Resources (ASX:HGO) says it will continue to ramp up production at its Kanmantoo Underground Copper Mine in South Australia over the next few months.
The company has completed its April 2024 copper production campaign. Production increased to 719 tonnes this month, up from 239 tonnes in February and 589 tonnes in March, and demonstrated copper recoveries of 90%.
The milling campaign ran for two weeks.
Q2 Metals confirms Carte Zone spodumene mineralisation
Q2 Metals Corp. (TSX-V:QTWO) reports recent drill results at the Carte Zone have confirmed spodumene mineralisation with a pegmatite zone that appears at surface and dips gently to the northwest.
Thickness of the mineralised zone varies from 5.8m and 7.3m and extends roughly 170m in a northeast-southwest strike direction and has been intersected to a depth of roughly 65m.
The recent core assay results are from the inaugural drill program completed in fall of 2023 at its 8,668 hectare Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec.
Exploration to Development: Toubani’s Strategy Comes Together
“We’re not surprised. This is all part of the strategy here to take Kobada from development…into construction and one day into production,” says Toubani Resources (ASX:TRE) CEO Phil Russo.
Toubani adds a spectacular set of results to the books, with a handful of intercepts reporting double digit gold grades.
Kobada remains open at depth and along strike, with more results to come as the company works towards updating its mineral resource.
Three new projects and plenty of exploration ahead for Terra Uranium
The summer is for geophysics and the winter is for drilling.
Thanks to three team members on the ground in the Athabasca, Terra Uranium (ASX:T92) added three new projects to the books in the March quarter. With more than 1,000km2 of ground in Canada, the team at Terra have a busy northern summer season ahead of them in order to have some drill ready targets by the end of the year.
Alchemy Resources (ASX:ALY) CEO James Wilson provides the market with a rundown on the company's latest quarterly report. Some of the highlights include drill results, iron ore potential, site visits, target zones, and land access agreements. Listen here to find out more.
Black Canyon (ASX:BCA) MD Brendan Cummins says the latest results announced continue to build confidence and confirm the company's expectations to consistently deliver a quality oxide manganese concentrate. Listen here to hear about the results.
HR Manager
10 个月Hopefully the presentation is put on HGO’s website