Torque Metals: Putting the 'Solid' in Consolidation
Torque Metals delivers a masterclass in ‘regional consolidation’
Things move quickly at Torque Metals (ASX:TOR). When Mining.com.au spoke to Managing Director Cristian Moreno in July, the Perth-based company had one asset — the 300km-square Paris Project south of Kalgoorlie in Western Australia — and was zeroed in on gold as its darling commodity.
Fast forward a few months, and Torque is a completely different beast.
In early September, the company signed an option agreement to acquire 100% of the New Dawn Lithium and Penzance Nickel projects, a package of 14 tenements covering 200km-square in WA’s Goldfields region.
The 3 projects — Paris, New Dawn, and Penzance — now comprise what Moreno calls the Penzance Exploration Camp, which covers roughly 500km-square of land highly prospective for a range of commodities.
Spotlight shines on ‘reserved’ mining services firms at IMARC
Mining services companies have been called on to better communicate their stories to the broader investment community to attract the capital required to bring their technologies into the market.
On the third and final day of the International Mining and Resources Conference (IMARC) in Sydney, innovators in the Mining Equipment, Technology, and Services (METS) sector have been petitioned to be less reserved and more business-minded and engaging.
The keynote panel discussion titled ‘Connecting Technology and Investment: How this will Drive Innovation’, heard from investors and product developers on the challenges they see facing the METS sector.
Terra Uranium launches placement as JV talks ramp up
Terra Uranium (ASX:T92) has tapped investors to raise about $700,000 via a placement while the company advances talks with potential ‘large’ joint venture (JV) farm-in and joint-development partners.??
The capital raise comes following the conclusion of this year’s International Mining and Resources Conference (IMARC) in Sydney where Mining.com.au, an official media partner, touched base with Terra’s Executive Chairman Andrew Vigar who was amidst all the action.
Vigar says the funds raised through the placement will be used for general and working capital and follows a productive 2023 for the junior explorer.
Australia and Canada: two compelling mining investment propositions
Canada has been well represented at the 10th International Mining and Resources Conference (IMARC) held in Sydney this week amid a spate of Australian mining investments into the country.
Invest in Canada – the country’s foreign direct investment (FDI) attraction and promotion agency – has been exhibiting all week at the conference in the clearest sign of Canada’s emerging prominence and attractiveness to Australian miners and mining services firms.
The agency works with partners across the country and worldwide to attract global companies and support their expansion plans in Canada.
IMARC: Azimut eyes maiden MRE and potential ASX listing
Azimut Exploration (TSX.V:AZM) has left the door open for a potential ASX listing as it works to define a maiden mineral resource at its flagship Elmer Gold Project in Quebec, Canada.
Speaking to Mining.com.au on the sidelines of the International Mining and Resources Conference (IMARC), Vice President of Corporate Development Jonathan Rosset says while no firm plans have been made regarding listing on the Australian bourse, there is a potential pathway for the company.
“There is no decision [on joining the ASX] as of yet. We are here for the first time in Australia to introduce the name and present our projects. There could be a path for a potential spin-off for an ASX-listing in the future, but for now, it is not something we are looking at short term."
Appian and Urbix ink deal to develop graphite facility
Global investment advisory firm Appian Capital Advisory has inked a strategic investment in and joint development agreement with Urbix to develop a project to build and operate a commercial scale graphite processing facility.
Once operational the processing facility will produce Coated Spherical Purified Graphite (CSPG) from natural graphite concentrate feed supplied by Graphcoa, another Appian investee company located in Brazil.
Urbix is an innovator focused on developing and optimizing technology for the efficient production of graphite products. The company possesses proprietary technology which utilizes a sustainable, environmentally friendly approach for the production of graphite products.
Plotlogic seeks critical mineral partnerships following $2 billion sector boost
Mining technology provider Plotlogic is eyeing new critical minerals partnerships as Australian Prime Minister Anthony Albanese flags a $2 billion cash boost to the critical minerals industry.
Speaking to Mining.com.au on the back of this funding boost, first announced on 25 October, Plotlogic Founder and Chief Executive Officer (CEO) Andrew Job says it’s now the right time for the company to establish partnerships in the sector.?
“We like companies that are at very late-stage exploration,” Job says.
“The companies that have identified an economic resource, some pretty late stage feasibility, and are about to go through the process of actually starting operations; that’s a really good time for us to engage because we see our technology dove-tailing really nicely with existing mining operations or integrating our technology into the mining operation as it starts to go from development into actual production.”?
Edify and Sosteneo secure $400m Victorian energy partnership
Renewable energy and green technology firm Edify Energy is partnering with Italian infrastructure investor Sosteneo to build and operate a $400 million energy storage system in Victoria.
Edify and Sosteneo have this week locked in the completion of project financing to develop the 185 megawatt (MW) / 370 Megawatt-hour (MWh) Koorangie Energy Storage System (KESS) in Kerang, near Murray River.
While the exact terms of the financing arrangement were not disclosed by Edify or Sosteneo, the partners say Sosteneo will acquire “100% ownership on behalf of its clients”.
Cazaly Resources (ASX:CAZ) MD Tara French says the company is preparing to report fresh fieldwork assay results from one of its rare earths assets following a busy September quarter as it works to increase its exposure to the battery and critical minerals market.
Group 6 Metals (ASX:G6M) MD and CEO Keith McKnight discusses the 'solid' progress made during the September quarter while mine activities continue to ramp up at its tungsten mine in Tasmania.
Many Peaks (ASX:MPG) Executive Chairman Travis Schwertfeger says the company has multiple targets ready for initial drill testing following the release of new surface geochemistry results from its Canadian rare earths project.
OD6 Metals (ASX:OD6) MD Brett Hazelden touches on the company's 'significant' achievements during the September quarter, including the delivery of its maiden MRE for Splinter Rock — which it now touts as the 'largest' and 'highest-grade' clay-hosted rare earth resource in Australia.
In the fourth instalment of an exclusive audiogram series, Aurora Energy Metals (ASX:1AE) MD Greg Cochran discusses the new innovations and technologies powering the uranium scene whilst attending the International Uranium Fuel Seminar in North Carolina, US last week.
Tempest Minerals (ASX:TEM) MD Don Smith discusses the new gold exploration frontiers the company has opened up next to a known deposit in Western Australia.
'We are targeting another resource update before the end of 2023,' Barton Gold (ASX:BGD) MD and CEO Alex Scanlon says as he outlines upcoming and ongoing activities across the company's South Australian portfolio.
Solis Minerals (ASX:SLM) Executive Director Matthew Boyes discusses the latest exploration advancements in Brazil as the company lays foundations for further tenement growth.
Forrestania Resources (ASX:FRS) MD Michael Anderson discusses the next wave of exploration at 'one of Hydra's most prospective sub-projects'.
Alchemy Resources (ASX:ALY) CEO James Wilson explains what the company is brewing across some of its Western Australian tenements as it investigates pathways of potential prospectivity.
Hamelin Gold (ASX:HMG) MD Peter Bewick briefly recaps the company's busy September quarter as it prepares to receive results from several 'major' drilling programs across key targets in WA.
Also Featuring: Matthew Boyes and the team at Solis Minerals Michael Anderson and the team at Forrestania Resources Ltd James Wilson and the team at Alchemy Resources Limited Peter Bewick and the team at Hamelin Gold Rob Adamson and the team at RFC Ambrian Stephen Durkin and the team at AusIMM The team at Invest in Canada | Investir au Canada Chris Gibbs Stewart and the team at Austmine Chris Mitchell and the team at DLA Piper The team at International Mining and Resources Conference (IMARC) Charles Gillies