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Black Cat Syndicate receives $60m funding package for gold projects Black Cat Syndicate (ASX:BC8) has received a $60m funding package to advance work across its three Australian gold projects. Subject to completion, Black Cat will use the funding to restart operations at the Paulsens and Coyote gold operations and develop the Kal East project. Black Cat will receive the funding from technology and investment group Mingjin and supply chain management group Southeast Mingqing. Of the $60m, $45m will be provided by the way of an equity placement with both companies to contribute equal amounts. The placements will involve the issue of around 200m full paid ordinary share at 22.5 cents per share. On...

CSIRO donates $500k to help Indigenous STEM students Australia’s national science agency the CSIRO has donated $500k to the University of Wollongong (UOW) to enable more Aboriginal and Torres Strait Islander students to pursue a career in STEM. The CSIRO Indigenous STEM Scholarship was established in 2019 with the help of a $30k gift from the organisation to support two Indigenous STEM students. The scholarship forms part of the CSIRO’s commitment in supporting the pipeline of Aboriginal and Torres Strait Islander talent which saw the agency contribute more than $5m to Indigenous STEM Scholarships this year. CSIRO director of Indigenous Science and Engagement and Gamillaroi man Dr Chris Bourke says the company...

Sedgman scores $125m Pembroke contract Sedgman has scored a five-year $125m operations and maintenance contract with Pembroke Resources, which will see the mineral processing company delivering end-to-end solutions for the Olive Downs Coking Coal Complex. Sedgman and CPB Contractors, both CIMIC Group companies, have been contracted to the Olive Downs processing plant since mid-2022, with this contract extension including additional works such as optimising operations, enhancing efficiency and increasing productivity at the facility. CIMIC Group executive chairman Juan Santamaria says he is pleased at the new contract. “It is great to see Sedgman extend its relationship with Pembroke Resources, to deliver high standards in minerals processing...

King on the critical path to IEA summit and Europe EV talks Federal Resources and Northern Australia Minister Madeleine King will take part in the inaugural International Energy Agency (IEA) Critical Minerals and Clean Energy Summit on September 28 in Paris, France. Bilateral talks will be held with ministerial counterparts from Germany, the European Union (EU), France and the United Kingdom (UK) with the aim of positioning Australia as a reliable supplier of critical minerals for global efforts to reach net zero. Discussions will also be held with IEA executive director Fatih Birol, including further talks with industry representatives from Europe's automotive industry to address...

Hancock Prospecting increases Liontown holding to 10.7% Gina Rinehart’s Hancock Prospecting has increased its holding in Liontown Resources (ASX:LTR) to 10.7%. The company has increased its holding from its initial 7.72% investment it made in early September 2023. This increased strategic stake was acquired for no more than $3 per share and at an average price per share well below that level. While lithium prices have continued to fall since Hancock first became a Liontown shareholder, Hancock maintains a long-term approach to its investments and commodity markets. Hancock’s shareholding gives Liontown the opportunity to leverage Hancock’s expertise to support the development and operations of its Kathleen Valley lithium project in WA. The...

Delivering value through rock strength, excavatability and abrasivity testing Geotechnical engineers, drillers and earthmovers are well aware of the complex challenges associated with mining, tunnelling, quarrying and infrastructure projects. Whether you’re dredging, trenching or soft-ground tunnelling, the excavation process can pose a risk to machinery and the wear life of their parts if the characteristics of rocks, soils and other materials are not appropriately considered. In order to predict the performance of rock excavating equipment and drill rig attachments, a partner with the unique expertise and in-depth knowledge of geology and rock testing procedures is critical. One world-renowned figure in the field of rock testing is Bill Bamford, the founder of Bamford Rock Testing Services (BRTS). The University of Melbourne...

Northern Territory LFP battery manufacturing facility progresses Avenira and Taiwan’s ALEEES have signed a licence and technology transfer agreement to progress a lithium ferro phosphate (LFP) battery cathode manufacturing facility at the Middle Arm Sustainable Development Precinct. The agreement will give Avenira the authority and specifications to manufacture LFP battery cathode material in Darwin. Once in operation, the manufacturing plant will be Australia’s first commercial-scale facility of its kind and is designed to deliver 30,000tpa of LFP powder for use in electric vehicle and energy storage batteries. ALEEES board member Jamie Lee says the agreement will enable clients to implement their ESG priorities. “Avenira and ALEEES combined experience and expertise will put more...

Bencubbin in WA emerging as potential significant rare earths discovery Cygnus Metals (ASX: CY5) has found high-grade assays in an area that majors including Rio Tinto (ASX: RIO) and IGO (ASX: IGO) are actively exploring for rare earth elements (REE) in the same area. These are some of the thickest and highest-grade intersections to date at the Bencubbin rare earths project in WA, with grades of up to 7,243ppm TREO from latest drilling with intercepts up to 79m wide. The results came from the company’s...