Hunter Valley coal mine extension approved to 2045

Black Cat gets go ahead for Myhree underground operations Black Cat Syndicate (ASX: BC8) has received approval to commence underground mining at Myhree gold deposit. This will follow the completion of the sites open pit later this year. Myhree is located within the Kal East gold project area in Kalgoorlie, WA and is 24km from the 1.2Mtpa Lakewood processing facility. The project’s underground deposit currently compromises a mineral resource estimate of 815kt at 4g/t of gold and remains open at depth. The company is progressing multiple WA projects as part of its ‘more gold soon strategy’. Black Cat’s managing...

WA Government funds to unlock new exploration opportunities The WA Government has announced that it is allocating $11.2m in funding to the successful applicants of its 31st round of the Exploration Incentive Scheme (EIS). The EIS aims to encourage exploration for the long-term sustainability of the resource sector by helping overcome the financial barriers that early-stage projects often face. The latest round of funding will support 77 projects across WA, 49 projects of which will receive a total of $7.8m to support drilling programs. There are also 25 geophysics ventures that will receive $3.2m and three energy analysis program (EAP)...

Second culling: Anglo American axes coal jobs  Anglo American is cutting more than 200 jobs across its coal operations in central Queensland and its Brisbane head office, according to the Issac Regional Council. The company is Australia's second largest steelmaker, operating five mines across Queensland, including the state’s largest — the Grosvenor underground coal mine. Anglo American Australia people and corporate relations vice president Ben Mansour says the company has undertaken a comprehensive review of its organisational structure to ensure the long-term sustainability of the business. “As part of this review, a small...

Liontown (ASX: LTR) has moved to extend its footprint beyond Australia by signing a binding agreement with NEXT Lithium to earn up to a 100% interest in the Centenario lithium brine exploration project in Argentina.