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SOUTH Australian gold miner Havilah Resources’ (ASX: HAV) non-executive directors Mark Stewart and Martin Janes have resigned. The announcement comes following the company’s Extraordinary General Meeting (EGM) on September 12, when a proposed investment in Havilah of up to $100m by SIMEC was vetoed by the company’s technical director and majority shareholder Chris Giles, through his privately-owned business Trindal, even though the offer had not been blocked by shareholders. In a statement, Mr Stewart and Mr Janes said that they were blindsided by Dr Giles, who had previously given his support for the investment. “The investment was rejected despite the Independent Export Report concluding that ‘the position of Shareholders if the transaction is approved is more advantageous than the position…

DACIAN Gold (ASX: DCN) looks to be back on track after announcing it had delivered 42,000oz in its preliminary Q3 results. Dacian has been clawing its way back from a vicious stock dump in June when it lost about three quarters of its value after the company was forced to lower its guidance twice in three months. While June quarter production guidance lowered from 50,000oz-55,000oz to 36,000oz-38,000oz, it is now in line with the projected first half of FY2020 guidance of 150,000oz to 170,000oz. The company paid back a scheduled $10.8m debt repayment, and increased its cash and gold on-hand position by $8.3m to $53.9m, leaving the outstanding bank debt at $94.7m. Dacian said that the mill reconciliation for the…

FOR disadvantaged groups like Indigenous Australians to better participate in the infrastructure and mining sectors, collaboration is needed at all levels. Often people from disadvantaged groups struggle to participate as businesses in plant intensive industries due to the cost of equipment to deliver their services, struggles with compliance requirements and technology, and not having a good network of contacts to help find business in the short term and to develop a pipeline of work in the long term. Horizontal directional drilling, civil construction and project management company Maxibor is working to stop this cycle of disadvantage, which has impacts on health, well-being, education and community, and is encouraging all stakeholders to support and help build up micro-businesses across the sector.…

PERTH-BASED junior Impact Minerals has set the ball rolling for trial mining at its Blackridge gold project in Queensland. Following an agreement for tribute mining with Nimble Resources (which will carry all costs for mining, processing and rehabilitation), the trial mining program has been capped at 1m loose cubic metres of oxide material (about 1.6mt) over a three-year period. Impact Minerals Limited managing director Dr Mike Jones said the agreement marked a “very positive step forward” for the Blackridge project. “We know that the best way to determine grade in coarse gold deposits such as Blackridge is to simply start mining,” he said. “This is inherently very high risk, and so this agreement gives Impact a very low risk entry…

NEOMETALS (ASX: NMT)  has entered into an MoU with the Institute of Multipurpose Utilization of Mineral Resources Chinese Academy of Geological Sciences (IMUMR) to develop the $692m Barrambie Titanium Vanadium project in WA. The MoU will lay the foundations for a potential 50:50 commercial production JV. IMUMR is a leading metallurgical institute in China with recognised expertise in, and relationships with China’s titanium and vanadium chemical processing industry, and global titanium-vanadium production houses. At an estimated total indicated and inferred mineral resource of 280.1mt at 9.18pc titanium and 0.44pc to 80m vertical depth, the Barrambie deposit is considered to be one of the world’s largest, high-grade titanium-vanadium deposits. Neometals’ cashed-up potential Chinese partner has the ability to fast track the…

THE Qld Department of Environment and Science has granted Pembroke Resources environmental authority (EA) for its 100pc owned Olive Downs coal project in Central Queensland. The EA authorises the activities for Olive Downs’ 79-year mine life, and provides the conditions for the operation of the mine. The 813mt open cut JORC resource holds a 2bt underground target, with 514mt open cut JORC reserves, and is a similar size to Adani’s Carmichael mine. Pembroke said that 90pc of the coal would be used for steelmaking. Pembroke chief executive, Barry Tudor, said the company was “looking forward to Federal Government approval under the Environment Protection and Biodiversity Conservation Act, and the granting of a mining lease so that it can begin construction”.…

METALICITY Limited’s (ASX: MCT) latest drilling program has confirmed mineralisation extensions at the Kookynie project in WA’s eastern goldfields. The three holes at Leipold, McTavish and Champion bring the total brownfields exploration project to nine holes, with Metalicity indicating that a “significant” mineralisation exists beyond the historical data. The company said it would continue with “a staged, systematic drill program designed to not only address gold grade and geology relationships to a level to support a mineral resource estimate, but metallurgy, geotechnical and density aspects to aid in potential feasibility studies at a later date”. The Kookynie project includes six prospects, with Leipold, McTavish and Champion targeted for this program. Drilling at Leipold yielded 9m at 7.31g/5t gold from 34m;…