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Boart Longyear Group Ltd’s (ASX:BLY) manufacturing plant in Wroclaw, Poland has completed the facility’s largest order ever for twelve LF160 drill rigs and FREEDOM Loaders to be delivered to Mitchell Services Limited, an Australian customer. Pat Nill, Boart Longyear’s Vice President of Global Products, said the achievement included the coordination of teams in Poland, Australia, Germany, and the US. “We are very proud of what our Polish manufacturing team and local Australian teams have achieved, which required strong global coordination between the production, engineering, and R&D teams to meet our customer’s specifications. The multiple teams truly embodied our corporate value of teamwork,” Mr Nill said. Focusing on the customer’s needs, Boart Longyear’s Adelaide-based sales team partnered with the Company’s R&D…

Polymathian has updated details on its collaborative industry project to automate OZ Minerals’ Carrapateena Mine, a sub-level cave operation in South Australia. Polymathian has been applying ground-breaking technology through a METS Ignited Industry Growth Centre Collaborative Project. The $2 million industry-led collaborative project leveraging government funding was awarded to Polymathian to deploy ORB, its mine optimisation software, at OZ Minerals’ underground Carrapateena mine. Representing industry’s continued investment in innovation, ORB is the world’s first and most advanced Short Interval Control system for near real-time optimisation of mine planning and scheduling activities. ORB is currently being used for block cave mining in Australia and around the world, where it has demonstrated an improvement to mining productivity. Industry investment has enabled Polymathian…

Australian Vanadium Limited (ASX: AVL) has nailed down a key plank in its progress in development planning for its Australian Vanadium Project in Western Australia. The company has signed a Joint Co-operation Agreement with Mid West Ports Authority (MWPA) for the future use of facilities and services at the key mid-west resources sector port facility at Geraldton, as it moves towards approval, funding and development of the Project. “Having confidence that Mid West Ports Authority will be able to directly accommodate our requirements is another big step in our pathway to production,” Managing Director, Vincent Algar, said. “Improving confidence levels in our costings and providing necessary assurances for future access and communication is a major benefit as we finalise our…

Ninety-Seven per cent of Australian mining companies optimistic about the year ahead, according to research report The Equinix Mining Technology Report, a paper published today by Equinix, Inc., has revealed resounding optimism across the Australian mining, oil and gas industry. The report found that 97% per cent of the mining leaders interviewed are very optimistic about their prospects, with a quarter expecting sales revenue to grow between 20% and 50% in the next 12 months. This growth is primarily driven by strong market demand despite challenges faced over the last two years, including economic slowdowns, increased operational complexity, greater health and safety considerations, and pandemic-induced business disruptions. To capitalise on this growth, more than 90% of mining leaders are increasing…

AVZ Minerals Limited (ASX: AVZ, OTCQX: AZZVF) has reached agreement with Suzhou CATH Energy Technologies to complete its US$240 million investment into the Manono Lithium and Tin Project in the DRC. Further to the company’s previous announcements, the parties have now agreed to waive the following conditions precedent: the Mining Licence for the Manono Project being granted to Dathcom Mining SA; the entry by Dathcom and the DRC Government into the Collaboration Development Agreement; and Dathcom board and shareholders making a final investment decision and approving the transaction. Managing Director, Nigel Ferguson, said it is anticipated that completion of the proposed transaction will occur during March 2022, allowing for the commencement of a multi-faceted global joint venture between AVZ and…

Australian-based battery materials company Liontown Resources Limited (ASX: LTR) has entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. The Agreement is for the supply of up to 150,000 dry metric tonnes (DMT) per annum of spodumene concentrate to be produced at Liontown’s Kathleen Valley Lithium Project in Western Australia and is expected to commence in 2024, representing approximately one-third of the Project’s start-up SC6.0 production capacity of ~500ktpa. Kathleen Valley is a new, globally significant, lithium development project located 680km north-east of Perth in Western Australia’s premier mining district. Underpinned by a world-class lithium deposit with a Mineral Resource Estimate of 156Mt at 1.4% Li2O and 130ppm…

Venture Minerals (ASX:VMS) says new drilling at the Mount Lindsay Tin-Tungsten Project in Tasmania, Australia continues to deliver “exceptional” intersections of high grade mineralisation whilst targeting high grade zones within the existing Main Skarn deposit. The intersection in ML343M included a high-grade zone of 23.2 m @ 1.6% Sn and 0.03% WO3 from 75.8 m or 3 m @ 4.1% Sn and 0.1% WO3 from 90 m. The drill program, designed to confirm the continuity of high-grade zones and provide additional metallurgical samples, is part of the company’s updated Feasibility Study for an underground mine. The significant intersections from ML343M included: 2 m @ 0.8% Sn and 0.2% WO3 or 1.0% Sn Eq from 75.8 m including 45 m @…

Independent research conducted by Austex into the Cash Flow reports of 733 resource companies has shown that total exploration was a record A$974 million, up from A$845 million in the third quarter of last year, and A$563 million a year ago. “Austex’s analysis of Appendix 5B Reports illustrates industry’s commitment to finding new mines to create jobs, royalties and benefits to the local community,” said Warren Pearce, CEO of the Association of Mining and Exploration Companies (AMEC). “Total Australian mineral exploration expenditure continues to grow, demonstrating the strength of Australia’s mineral exploration industry, the record capital raising combined with the record exploration spend will lead to more discoveries.” Total capital raisings increased to a record A$3170 million, a 37% increase…

Red 5 Limited’s (ASX: RED) mining contractor, Macmahon Contractors Pty Ltd has commenced open pit mining at the 100%-owned 2.4Moz, 16-year life-of-mine King of the Hills (KOTH) Gold Project in Western Australia. With the KOTH Project now well past 83% completion (at the end of December 2021), Red 5 is firmly on track to deliver first gold production through the new state-of-the-art KOTH processing plant in the June Quarter. The commencement of open pit mining is in-line with the project execution schedule, with underground mining expected to commence on schedule in early April 2022. Macmahon is progressively mobilising to KOTH, establishing infrastructure, and ramping up its site workforce according to plan. The initial open pit mining fleet consists of one…