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Regis Resources approves two underground mines Regis Resources (ASX: RRL) has approved two underground mines — Garden Well Main and Rosemont Stage 3 — to support its underground growth strategy. With the inclusion of Garden Well Main and Rosemont Stage 3, Regis will operate at least three independent underground mining areas within the Duketon gold project in WA. Located around 750m north of the current Garden Well South underground mine, Garden Well Main will open a new mining domain directly below the base of the current Garden Well open pit. The mining inventory at Garden Well Main comprises of 36% indicated mineral...

Northern Territory Government to co-fund extensive gravity program at Molyhil The Northern Territory Government will co-fund an extensive geophysical gravity program over Investigator Resources’ (ASX:IVR) Molyhil tungsten-molybdenum project.   Other than a broad spacing regional gravity program undertaken in 2006, no detailed gravity surveys have been completed at Molyhil or the surrounding area.   The results from this upcoming survey will provide high resolution gravity data over Molyhil and the surrounding area.   The 3400 gravity station program is expected to be completed by November.  Investigator managing director Andrew McIlwain said the company is pleased to have received the grant.   “Investigator are pleased to have received this...

BHP delivers record volumes at WAIO in FY24 BHP (ASX: BHP) had a strong FY24, with record production achieved at its Western Australia Iron Ore (WAIO), Spence and Carrapateena operations. Revenue increased 3% from the prior corresponding period to $82b (US$55.7b), primarily as a result of higher realised prices across iron ore and copper, with sales volumes increasing 3% and 5%, respectively. Underlying earnings before interest, tax, depreciation and amortisation increased 4% to $42.7b (US$29b), while underlying attributable profit was up 2% to $20.1b (US$13.7b). BHP chief executive Mike Henry commented on...

PERTH-BASED junior Impact Minerals has set the ball rolling for trial mining at its Blackridge gold project in Queensland. Following an agreement for tribute mining with Nimble Resources (which will carry all costs for mining, processing and rehabilitation), the trial mining program has been capped at 1m loose cubic metres of oxide material (about 1.6mt) over a three-year period. Impact Minerals Limited managing director Dr Mike Jones said the agreement marked a “very positive step forward” for the Blackridge project. “We know that the best way to determine grade in coarse gold deposits such as Blackridge is to simply start mining,” he said. “This is inherently very high risk, and so this agreement gives Impact a very low risk entry...