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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...

Wabtec Corporation (NYSE: WAB) has received an order from Rio Tinto for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. The 100-percent, battery-powered locomotive will help Rio Tinto’s effort to achieve a 50-percent reduction in Scope 1 and 2 carbon emissions by 2030. “Our partnership with Wabtec is an investment in innovation and an acknowledgment of the need to increase the pace of our decarbonization efforts,” said Rio Tinto Iron Ore Managing Director of Port, Rail and Core Services, Richard Cohen. “By locking this in now, we are making progress in our efforts to reduce our Scope 1 and 2 carbon emissions by 50 percent by 2030.”...

Kopore Metals Limited (ASX:KMT) has entered into a binding share sale agreement with Endeavour Financial AG to acquire 100% of Endeavour's uranium project in the Agadez region of Niger. Under the deal Kopore will acquire Endeavour's wholly owned subsidiary EF Niger Exploration SARL. The Project comprises three granted exploration permits (Permits) and one exploration licence application in the highly prospective Tim Mersoi Basin, considered one of the world’s major uranium producing areas. The Permits host the same geology that is represented at Orano’s Cominak (now shut down) and Somair mines and the Imouraren (Orano), Madaouela (Goviex) and Dasa (Global Atomic) projects. According to the World Nuclear Association, Niger was the 6th largest producer of uranium in 2021 and has been...

Liebherr-Australia is set to return to Kalgoorlie, the heart of the Goldfields-Esperance, with a new branch to open in the city in 2022. The Kalgoorlie branch will provide support in the form of fast access to spare parts and customer service for the growing number of Liebherr mining equipment in the region and will be one of three mining branches in Western Australia. Adelaide (Australia), 30 November 2021 – Liebherr-Australia will open a new mining branch in Kalgoorlie, its third mining branch in Western Australia, to support its growing fleet of equipment and customer base in the Goldfields region. The branch is set to be located in the city on a 10,000m2 block, incorporating a 1,000m2 warehouse and 180m2 office...