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Barminco awarded $450m contract extension at Sunrise Dam Perenti’s (ASX: PRN) underground mining business Barminco has been awarded a three-year contract extension at AngloGold Ashanti’s Sunrise Dam underground gold mine in the Goldfields of WA. The contract allows Barminco to continue underground development, production and mining support services to commence from October 1, 2024. Perenti managing director and chief executive Mark Norwell says continuation of contracts is ideal as no new growth capital expenditure is required. “AngloGold Ashanti is one of our largest clients, and we are proud to have worked with them for the past 20 years,” he said. “Perenti has an excellent track record at...

Significant production potential confirmed at Gould’s Dam Following strong intercepts, where up to 2925ppm triuranium octoxide was encountered, significant production potential has been confirmed at the Gould’s Dam deposit in South Australia. Gould’s Dam is part of Boss Energy’s (ASX: BOE) Honeymoon uranium mine and the results support the company’s strategy to increase the nameplate production rate and mine life at the mine. The production rate will increase from the current nameplate capacity of 2.45mlbspa to the export permit limit of 3.3mlbspa. A total of 96 mud rotary holes have been drilled to date at the Sunrise and Billeroo targets with other...

Orica celebrates an explosive history Orica (ASX: ORI) held a 150th anniversary gala last week in Melbourne, Victoria to celebrate its milestone with customers, partners, officials, retirees and employees. Founded in June 1874 as an explosives supplier, Orica has grown to become one of the world’s leading mining and infrastructure solutions providers with a market capitalisation nearing $9b. Orica started as a small company named Jones, Scott and...

Paladin Energy to acquire Fission Uranium Australian uranium company Paladin Energy (ASX: PDN) will acquire 100% of Fission Uranium Corporation in a move to bring Fission’s Canadian uranium mine into production by 2029. The transaction will create a globally significant uranium company listed on both the ASX and Toronto Stock Exchange (TSX) worth $5.25b (US$3.5b). The acquisition follows the restart of Paladin’s Langer Heinrich mine in Namibia as well as the release of Fission’s feasibility study for the Patterson Lake South (PLS) uranium mine in Canada’s Athabasca Basin region. Paladin chief executive Ian Purdy says the acquisition is part of their strategy to diversify and...

Kaiser Reef to divest NSW exploration assets for up to $3.62m Kaiser Reef (ASX: KAU) is set to divest its NSW exploration assets to unlisted public company HearMeOut for up to $3.62m. Kaiser Reef is divesting the Stuart Town group of tenements as well as the Macquarie North tenements. Although the company considers the tenements to be highly prospective for gold mineralisation, it will focus on near-term gold mining growth opportunities across its Victorian production and exploration assets. Kaiser will retain exposure to the NSW projects with a 20% free carried interest until a decision to mine is made. Subject to satisfaction, due diligence, ASX...

Northern Territory Government extends MOU with Avenira and Aleees The memorandum of understanding (MOU) between the Northern Territory Government, Avenira (ASX: AEV) and Advanced Lithium Electrochemistry (Aleees) has been extended to June 30, 2025. Initially executed in September 2022, an MOU was signed between the three parties to work towards the development of a lithium iron phosphate (LFP) battery cathode manufacturing facility. The Northern Territory Government would assist and advise in relation to necessary infrastructure, including water, energy, power, telecommunications, road, port, rail access and service requirements. A bankable feasibility study is expected to be completed in...

Halfway mark for almost $1b Queensland pipeline With 63km of pipeline laid, the halfway point of construction for the $983m Fitzroy to Gladstone pipeline in Central Queensland has been reached. The pipeline supported by $311m in the 2024-25 State Budget, will deliver long term water security to Gladstone and boost the emerging hydrogen and critical mineral industries. Queensland Premier Steven Miles says the pipeline will secure Queensland’s position as a renewable energy powerhouse. “The Fitzroy to Gladstone Pipeline isn’t just bringing water security to Gladstone, it will unlock more jobs in emerging industries like hydrogen and critical minerals, which are vital to our Energy and Jobs...

Alkane goes for gold with $89m Tomingley expansion Alkane Resources (ASX: ALK) announced increased gold production above 100,000ozpa with strong resultant cash flow in a five-year plan for its Tomingley gold operations in NSW. Production will be sourced from underground and open cut mining, with 455,000 to 505,000oz of gold expected over the next five financial years. This increase follows plans to realign Newell Highway and expand the existing processing plant to a nominal 1.5mtpa rate through 2025. Alkane will fund the $89m realignment and expansion through cashflow and...

Venture Minerals sells Riley iron ore mine for $3m Venture Minerals (ASX: VMS) is selling its wholly-owned subsidiary, Venture Iron, to Gold Valley Brown Stone. Venture Iron is the holder of the Riley iron ore mine in Tasmania which has been on care and maintenance since 2021. The sale isn’t subject to any conditions precedent and it’s expected to be completed on July 8, 2024. Upon completion of the sale, Venture Minerals will transfer 100% of the shares in Venture Iron to Gold Valley for $3m, of which $50k has already been paid as a deposit. Venture Minerals and Gold Valley will work together to...

ECI process begins for Siviour graphite project Renascor Resources (ASX: RNU) has begun an early contractor involvement (ECI) process with two engineering and construction firms for its proposed Siviour Mine and Concentrator in South Australia. The contracts are with GR Engineering Services and Primero Group. The ECI process will focus on the progression of engineering and maturation of the design of the minerals processing plant and non-processing infrastructure for the upstream portion of Renascor’s planned vertically integrated battery anode material graphite mine and manufacturing operation (BAM project). New work will build on work already undertaken as...

Mineral exploration full steam ahead in Victoria The search for materials needed to support the renewable energy transition and make technology products is heating up across Victoria. Victoria has demonstrated presence of antimony, titanium, zirconium and rare earth elements, as well as opportunities for other key raw materials such as copper, silica and high purity alumina. New exploration licences have been granted across the State to target these minerals and metals, in particular, antimony, zircon, copper and mineral sands. The Earth Resources Regulator has approved 50 new mineral exploration licences in FY24, with six granted in June so...