Lithium recovery pushes PLS back into profit

Genesis ahead of schedule at Laverton mill Mining and processing preparations for Genesis Minerals’ (ASX: GMD) Laverton mill re-start in WA are running ahead of schedule, enabling the company to capitalise on strong gold prices. The re-start is running six months ahead of schedule with re-start expected in October 2024, marking the first step in an accelerated growth strategy aimed at achieving a 325kozpa target. Following the progress, Genesis has increased its forecast FY25 production at Laverton to 35-35,000oz from 14-16,000oz. Total FY25 production outlook also increased to 190-210,000oz from 162-188,000oz. Genesis Minerals managing director Raleigh Finlayson says the expedited start of production...

Queensland backs CopperString with $2.4b The Queensland Government has reinforced its commitment to CopperString, announcing it will boost funding for the project in the upcoming state budget. The FY26 state budget will bring the total funding commitment for the project to a record investment of $2.4b — an increase of $1.4b on last year’s budget. The CopperString project is a 1,100km high-voltage electricity transmission line from Townsville to Mount Isa that will connect the state’s North West Minerals Province to the national electricity grid. Ahead of handing down the state budget on June 24,...

Construction begins on Pilbara Hydrogen Hub road upgrades Ground has been broken on upgrades to support the Pilbara Hydrogen Hub at Port Hedland in WA. The upgrades to the Lumsden Point access road and Pinga Street intersection will support the import of wind turbine and renewable energy components into the Pilbara, as well as the export of battery metals such as lithium and copper concentrates. The new intersection is expected to improve traffic flow and reduce congestion at Lumsden Point and Pinga Street, while also facilitating the safe movement of oversize...

South32 (ASX: S32) has completed its divestment of the Cerro Matoso mine and smelter in Colombia.