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First gold doré bar poured at Golden Crown The inaugural gold doré bar has been poured from the bulk sampling program at Mt Malcolm Mines’ (ASX: M2M) Golden Crown prospect in WA. A bulk sampling program at Golden Crown has produced Mt Malcolm’s first gold via gravity processing. Notably, two gold doré bars were poured with a combined weight of 431g. The bulk sampling program forms an integral part of Mt Malcolm’s strategy to evaluate the potential of Golden Grove. So far, excavation has reached a depth of around 9m with efforts continuing to excavate and extract deeper mineralised material. Ongoing...

NSW Government releases $250m royalty deferral initiative The NSW Government has released a $250m royalty deferral initiative, the first of the State’s new critical minerals and high-tech metals strategy. Currently, there are 12 critical minerals mining and processing projects NSW that are ready for investment. These projects need around $7.6b in capital investment and are expected to generate around 4600 jobs during construction and 2700 after that. High initial investment costs for critical minerals projects are a challenge and the royalty deferral initiative will assist new projects in the early stages of development, ease financial pressures,...

Image accelerates Atlas mineral sands project Image Resources (ASX: IMA) is accelerating construction of its Atlas mineral sands project in WA following receipt of final permitting milestones. This represents the finalisation of Image’s Ground Water Operating Strategy (“GOS”) and the receipt of 5C water licenses for water abstraction and mine dewatering at Atlas. Project construction and full-scale operations including achievement of first HMC production in Q1 2025 can now advance. Initial roadwork and civil construction were facilitated by a temporary 5C water abstraction license. Now civil and infrastructure construction and mine development will accelerate rapidly, clearing the path for...

Major acquisition drives strong results for Alcoa Alcoa Corporation (ASX: AAI) reported results for the Q3 CY24 that reflect the acquisition of Alumina and resulting increases in net income, adjusted net income and Adjusted EBITDA. Net income increased to $134m (US$90m), while adjusted net income increased sequentially to $201m (US$135m). Adjusted EBITDA increased to $680m (US$455m). Alumina production decreased 4% to 2.44mmt primarily due to the full curtailment of the Kwinana, WA, refinery completed in June 2024. In the Aluminium segment, production...

Koonenberry Gold to strengthen portfolio Koonenberry Gold (ASX: KNB) is set to acquire a suite of projects from Global Uranium and Enrichment (ASX: GUE) and Gilmore Metals. These projects – the Enmore gold project and the Lachlan projects – will increase Koonenberry’s existing gold and copper assets in NSW. Under the acquisitions, GUE will receive 35m fully paid ordinary Koonenberry shares, while Gilmore Metals shareholders will receive 95m Koonenberry shares. All shares are subject to 12 months of voluntary escrow. The acquisitions are subject to Koonenberry completing a minimum $2m fund raising, shareholder approval and the end of the Enmore gold project’s 2% net...

Team MinRes rides 200km for cancer research Mineral Resources (MinRes) was proud to once again support the annual Cancer 200 Ride for the Perkins, helping to raise much needed funds for the Harry Perkins Institute of Medical Research. Almost 2,000 riders took part in this year's two-day event — including 87 MinRes riders — completing the 200km round trip from Perth to Mandurah and back on October 12 and 13. The community-focused Cancer 200...

One standard to rule them all: have your say A draft standard covering all commodities, facilities and locations worldwide is out for public comment over the next two months. Partners of the Consolidated Mining Standard Initiative (CMSI) – ICMM, World Gold Council, Mining Association of Canada and The Copper Mark – launched their first public consultation yesterday and will...

BHP: copper and iron ore up in Q1 BHP copper and iron ore production have seen increases, driven by operational improvements at Escondida copper in Chile and WA iron ore (WAIO), according to the company’s Q1 operational review. The company reports it is on track to meet FY25 production guidance thanks to strong operational performance. BHP chief executive Mike Henry says BHP is seeing a strong start to the 2025 financial year, with production up across all major commodities for the quarter. “Copper production was up 4% due to higher grade and recoveries at Escondida and WAIO production...

Rare earth element anomalism confirmed at Mt Doreen Recent surface geochemical sampling at Litchfield Minerals’ (ASX: LMS) Mt Doreen project in the Northern Territory has confirmed the presence of rare earth element (REE) anomalism. A total of 134 soil and 50 rock chip samples were collected at Mt Doreen to assess REE anomalism within granites and associated erosional sediments. Rock chip sampling was undertaken to assess REE anomalism within granite outcrops, while soil sampling was undertaken to test the granite-derived sediments surrounding the granites. Light REE dominated the findings, with an average of 42% cerium, 21% lanthanum and 19% neodymium returned. The highest-grade REE samples were collected...

Evolution on track to deliver “over $1.9b operating cash flow” in FY25 Evolution Mining (ASX: EVN) has followed its record FY24 performance, with the company announcing it’s on track to achieve over $1.9b of operating cash flow by the end of FY25. In Q1 FY25, Evolution generated mine cash flow of $429m, with all operations delivering positive cash flow and major contributions coming from the Cowal and Red Lake operations. Looking at production, 193,554oz of gold and 19,059t of copper was produced, and with an all-in sustaining cost (AISC) of $1569/oz, Evolution remains one of the lowest cost producers in the sector. Evolution managing director...

Monadelphous locks in new contracts worth $160m Monadelphous Group Limited (ASX: MND) has announced the award of new contracts and extensions totalling around $160m. The engineering group has been awarded two one-year contract extensions for fixed plant maintenance services and sustaining capital projects across Rio Tinto’s iron ore operations in the Pilbara, WA. Monadelphous has also secured a fabrication, supply, installation and commissioning contract at the global miner’s Tom Price mine, with work completion expected in mid-2025. South32’s Worsley Alumina operations in southwest WA has awarded a new three-year contract for the provision of minor project works at site, on the back of the maintenance and shutdown services contract extension announced last month. Monadelphous has been providing services at Worsley...