The Australian Mining Review June 2025 Edition

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude 66 (ASX: LAT) has announced the planned commencement of a drilling program at its Edjudina Project, located in the Laverton region of WA. The planned drilling program will commence in March this year and consists of up to 9,000m of aircore and potentially follow up reverse circulation drilling to test multiple significant gold-in-soil surface anomalies. This follows from previous exploration works completed across the project area, which have shown substantial potential given their scale and proximity to known mineral occurrences and infrastructure. Latitude66 has also signed a drill for equity agreement with Raglan Drilling, allowing the company to complete up to 9,000m of drilling, with 25% of the cost payable through the issue of new shares under its available…

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Northern Star doubles profit

Northern Star doubles profit

Northern Star Resources (ASX: NST) reports a record-breaking FY25 marked by high gold prices, steady production and the acquisition of De Grey Mining’s (ASX: DEG) Hemi development project. FY25 has seen several miners report record-breaking years, thanks largely to similarly remarkable gold prices. Gold has surged multiple times throughout the year, thanks in part to global uncertainty around aggressive tariffs driving investment into the industry. Northern Star has reported $6.4b in revenue, up 30% from FY24’s $4.9b, as well as an underlying net profit of over $1.4b after tax, which has more than doubled from last year. The miner has also reported a record group underlying free cash flow of $536m, with shareholders seeing fully franked dividends of 30c/share. Whilst…

(Image source: CIMIC Group) In total, the contracts will provide approximately $150 million in revenue for UGL across multiple years.

UGL unlocks $150m in contracts

CIMIC Group company UGL has been awarded several new contracts and contract extensions with existing WA clients: Alcoa (ASX: AAI), bp, Chevron and Woodside (ASX: WDX). UGL has been awarded a contract with Chevron Australia for construction services, supporting the installation of modules, equipment, structure, piping and electrical and instrumentation works. Additionally, UGL has received an 11-month contract extension for the supply of services to Alcoa’s mining and refining operations in WA for the continued management and execution of mechanical, electrical and access services for maintenance work. UGL has also received a two-year contract extension on the supply of maintenance, tank turn around and construction services to BP at the Kwinana Energy Hub. A one-year extension of a non-binding Framework…

Pilbara Minerals buys neighbouring lithium stake

Pilbara Minerals buys neighbouring lithium stake

Exploration drilling in the Pilgangoora lithium region. By Cameron Drummond THE purchase of Dakota Minerals’ Lynas Find lithium project has further strengthened Pilbara Minerals’ position in the Pilgangoora lithium district. Pilbara Minerals will fork out up to $8 million for Dakota’s stake, which adjoins its existing lithium tenements in the region. Under the agreement, the company will pay $4m cash up front for Dakota’s core Lynas Find package, plus an additional $1m on the granting of a term extension on one of the core tenements. A further $750,000 for each of an additional four exploration tenements currently under application by Dakota will be paid in either cash or shares. Pilbara Minerals managing director Ken Brinsden said the acquisition of Lynas…

WA resource sector worth $67.1 billion

WA resource sector worth $67.1 billion

A SURVEY of 53 WA resources sector companies found that the State’s mining, oil and gas, energy and contractor industries contributed more than $67.1b to Australia’s economy in 2018-19 and directly created more than 71,000 fulltime jobs. The Chamber of Minerals and Energy of Western Australia (CME) Chief Executive Paul Everingham said the organisation asked its members, ‘How much does industry spend and where?’ “The data provided by 53 member companies for the financial year 2018-19, shows how industry’s spending flows through to every part of WA, by means of wages and salaries, business purchases, government payments and community contributions,” Mr Everingham said. “Considering this survey is just a snapshot of the sector’s direct contribution to the broader economy, the…

Palmer seeks $10 billion

Palmer seeks $10 billion

By Rachel Dally-Watkins September 1, 2015 FEDERAL MP and Mineralogy founder Clive Palmer is suing Chinese-owned CITIC Limited for $10 billion, in the latest of a slew of lawsuits related to the Sino Iron project. Mr Palmer is seeking damages for what he alleges is a breach of commercial arrangement between CITIC and Mineralogy, resulting in a lack of royalty payments on the $500 million of iron ore concentrate already shipped to China. Mr Palmer was also suing for royalties covering the life of the project. In 2006 the companies signed an agreement which relied on the annual benchmark iron ore price struck by BHP Billiton and Vale to calculate the ‘Royalty B’ payments to Mineralogy. With iron ore now traded…

Milestone flows for Dugald River

Milestone flows for Dugald River

THROUGH its subsidiary MMG, mid-tier mining company Minmetals Resources has received final environmental approvals for its Dugald River lead-zinc-silver project, 65km northwest of Cloncurry in Queensland. The Hong-Kong listed company was granted final environmental authority from the Queensland Department of Environment and Heritage Protection early last month, setting out licence conditions for the project. MMG executive general manager, business development Michael Nossal said the company had worked closely with the Queensland Government, local communities and other stakeholders for the past 18 months, and that the environmental approval marked a significant milestone for the project. Dugald River is one of the world’s largest and highest-grade lead-zinc-silver deposits, with a mineral reserve of 39 million tonnes grading 12.3 per cent zinc, 1.9…