Broken Hill ramps up, Rasp renewal lands

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Thursday, 9 April 2026

Exploration & DiscoveryNews

Broken Hills Mines (ASX: BHM) has continued to ramp up operations at its Rasp silver-lead-zinc mine.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

FMG records 212pc profit jump

FMG records 212pc profit jump

FMG’s cost reduction measures have realised a turnaround in annual finance results. By Cameron Drummond IRON ore producer Fortescue Metals Group (Fortescue) announced a 12c per share dividend on the release of its full year financial results on 22 August. The company posted an after tax profit of $US985 million for FY16, a 212 per cent rise from $US316m in FY15. Fortescue’s underlying earnings before interest, tax depreciation and amortisation (EBITDA) increased 48 per cent from $US2 billion the year before to $US3.2bn. A 29 per cent year-on-year drop in revenue of $US7.1bn was countered by improved C1 operating costs averaging $US15.43 per wet metric tonne (wmt); a 43 per cent reduction from FY15. The company said the numbers reflected...

Mining in progress without the use of people.

Lithium Universe to use AI for Apollo exploration

Lithium Universe to use AI for Apollo exploration Newly listed Lithium Universe (ASX:LU7) has begun using artificial intelligence (AI) for exploration at the Apollo lithium project. Working with KorrAI Technologies in Canada, the AI will help guide LU7 field teams to focus on specific locations with high potential. KorrAI’s technology uses satellite data and AI to enhance field exploration practices, optimise time spent in the field, optimise cost and improve exploration outcomes. Their approach involves using AI to process and analyse satellite data and images, and by using advanced algorithms, KorrAI has created maps that show different geological features such as outcrops, pegmatites and vein formations. The successful...

Mt Lindsay Continues To Produce “Exceptional” Tin Intersections For Venture

ExplorationNews

Mt Lindsay Continues To Produce “Exceptional” Tin Intersections For Venture

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 @...

Lulo’s 235 carat diamond.

Second largest diamond recovered from Lulo, Angola, at 235 carats

Second largest diamond recovered from Lulo, Angola, at 235 carats Lucapa Diamond Company, Endiama and Rosas & Petalas have unearthed a 235 carat Type IIa diamond, the second largest ever recovered from the Lulo alluvial mine in Angola. This come a week after the recovery of a 208 carat Type IIa diamond. Lucapa Diamonds managing director Nick Selby commented on the recovery. “Lulo continues to demonstrate it is a prolific producer of large diamonds,” he said. “To unearth three +100 carat diamonds, with two being over 200 carats in such a short space of time from different areas of concession, makes us more determined to find the primary source, by dedicating even...