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Northern Star doubles profit

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....

Latitude66 set to drill high-potential gold targets at Edjudina

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...

(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

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...

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Weld. Power. Cut. Heat.

Weld. Power. Cut. Heat. Australian mining’s ultimate all-in-one welding powerhouse Vast distances, harsh environmental conditions, high stakes – these are just some of the challenges faced by Australian mining professionals every day. In remote mining sites, equipment failures demand rapid, reliable solutions – yet with limited access to stable power sources and support facilities, even basic repairs can become complex and costly. This highlights the need for versatile, self-sufficient equipment that can withstand Australia’s rugged terrain and keep mining operations running smoothly. And it’s in response to these requirements...

Victoria has demonstrated a presence for antimony, titanium, zirconium, rare earth elements, copper, silica and high purity alumina.

Mineral exploration full steam ahead in Victoria

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...

Approval in sight for Terminal 4 project

Approval in sight for Terminal 4 project

By Rachel Dally-Watkins 15 May, 2015 PLANS to build a fourth coal terminal at the Port of Newcastle have progressed with the Department of Planning and Environment (DPE) recommending the project for approval and referring the application to the Planning Assessment Commission for a final decision. Port Waratah Coal Services, which owns and operates the port’s Kooragang and Carrington terminals, has been working with government, rail providers and coal producers to increase capacity at the port through the Terminal 4 project. The original master plan allowed for a capability of 120 million tonnes per annum throughput; however since the plan was lodged...

Freight fast track

Freight fast track

THE Queensland Government has promised half a billion dollars for the development of a new freight terminal at the Port of Townsville and discounted freight charges to boost exports along the Mount Isa rail line. Deputy Premier and Treasurer Jackie Trad said the funding would promote mining and exploration in the state’s North West, which contains about 75pc of Queensland’s base metal and minerals, including copper, lead, zinc, silver, gold and phosphate deposits. “Our state’s economy is stronger when we have a reliable supply of minerals for export,” Ms Trad said. “A number of mines are trucking minerals from the North West to the port, and the trains that are carrying minerals in shipping containers have to be unloaded at Stuart...

(Image source: Brightstar Resources) Brightstar board and management with BTR001 gold doré bar.

Maiden gold pour completed at Menzies

Maiden gold pour completed at Menzies The first gold bars have been poured at Brightstar Resources’ (ASX: BTR) Menzies gold project in WA. This gold pour marks Brightstar’s first gold from the Selkirk joint venture. Brightstar has a 50:50 profit sharing joint venture with BML Ventures to exploit the Selkirk deposit at Menzies which has a mineral resource estimate of 11,500oz at 2.15g/t gold. BML is responsible for all capital costs, mining and haulage, and the joint venture has a toll treating agreement with St Barbara (ASX: SBM) to process ore from Selkirk at Leonora. Brightstar managing director Alex Rovira says the company...