UGL to construct Stage 3 of Western Downs battery

Heritage surveys confirmed for Prinsep Dates have been locked in to complete an Aboriginal Heritage and Ethnographic survey with the Ngarluma Aboriginal Corporation (NAC) over Accelerate Resources’ (ASX: AX8) Prinsep lithium project in WA. The survey will provide clearances to conduct drilling and other exploration activities over the spodumene-bearing northern and southern pegmatite trends. Drilling is expected to begin as soon as possible, following approvals for the heritage survey and program of works. Located 15km south of Karratha, Prinsep forms part of Accelerate’s larger Karratha lithium projects portfolio which covers around 90km2 of prospective tenure within the Karratha – Roebourne hard-rock lithium...

IN its continued support of BHP Billiton’s Mt Arthur coal operations, Liebherr Australia will supply and commission an additional fleet of 18 Ultra Class Liebherr T282C Litronic Plus mining dump trucks for the miner. Further enhancing Mt Arthur’s existing Liebherr truck and excavator fl eets, the latest additions will see the on-site machine population increase to 61 Liebherr Ultra Class trucks, as well as eight R996 excavators and two R994B excavators. The ability of Liebherr Australia to support and to meet stringent noise emission standards is a critical factor in equipment selection, and the optional Liebherr Sound Attenuation Package ensures the Liebherr T282C Litronic Plus Ultra Class trucks deliver the full performance of the 3650HP engine while also achieving today’s...

EMERGING WA company FairStar Resources has secured US$260 million from a mystery backer for its Steeple Hill iron ore project in WA’s goldfields. The unknown investor will fund 80 per cent of the project through Alliance Super Holdings, and carry the project through to production with an equal 50 per cent joint venture. The money will allow FairStar to fund infrastructure, begin construction and commission a plant at the project. Additionally, the deal will allow a line of credit totalling $640 million above the funding as extra capital for the joint venture. FairStar managing director Kevin Robertson said the company has considered all options and decided the deal was the best choice. “The future prospects for FairStar have never looked...

MinRes reports $5.27b in revenue in FY24 Mineral Resources (ASX: MIN) has released its FY24 results with the period highlighted by record underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $550m. While revenue increased 10% from FY23 to $5.27b, underlying net profit after tax decreased 79% to $158m. Mineral Resources credits the increase in revenue to the growth in mining services revenue from the Onslow iron project in WA. Looking at MinRes’ production, production volumes totalled 269mwmt, up 9% from 248mwmt in FY23, and first ore was delivered from Onslow ahead of schedule. Additionally, MinRes’ mining services division was awarded six new contracts and three contracts...