Tag: Exploration

Applications are now open for the first round of a new fund set to turbocharge the critical minerals and high-tech metals sector and position regional NSW as a major global supplier. Deputy Premier and Minister for Regional NSW Paul Toole said the Critical Minerals and High-Tech Metals Activation Fund would help diversify and accelerate mining projects in regional NSW. Mr Toole said the State is rich in critical minerals and high-tech metals, such as rare earths, cobalt, copper, antimony, and scandium, which are crucial to a range of emerging technologies including the defence space, the manufacture of electric vehicles, solar panels, and wind turbines. “The NSW Government is investing more than $130 million towards the growth and future of the...

Peripheral, yet essential mining services are booming alongside mining itself. Exploration is increasing alongside commodity prices – and if you are looking to expand your mining services business to take advantage of the rush, you need to finance your assets the right way. Options to expand your operation is to buy your plant outright instead of hiring it ad hoc. You may need an entire fleet of vehicles or plant that are up to mine spec. What options are out there? One way is to seek fleet and equipment asset finance. Chattel mortgages and hire purchases Chattel mortgages and hire purchases are finance products oriented toward eventual or immediate ownership of a vehicle. A chattel mortgage is a type of...

With more than 30 years of in-house experience on drilling techniques, maintenance and training, Ausmain has fast become renowned for its teams of drill specialists who are highly motivated, well-equipped and eager to share their technical expertise. But just as important as the ability to deliver the highest level of maintenance, the privately-owned WA company prides itself on training and mentoring its clients, both domestically and internationally. The company’s trained technicians and specialists are led by General Manager Jonathan O’Reilly and Operations Manager Daniel McLeod. Both men boast highly experienced mining industry tenures in their resumes. Jonathan is a manager with a demonstrated history of working in the equipment, servicing and training industry, skilled in developing people and identifying high...

Latin Resources (ASX: LRS) this week announced a 207mt maiden JORC resource estimate at its 100% owned Noombenberry Halloysite-Kaolin Project. LRS has named its first deposit the Cloud Nine Deposit - the first Kaolin-Halloysite deposit defined within the company’s larger Noombenberry Project. The Could Nine deposit is located on the company’s 100% owned exploration licence E70/2622, which is situated approximately 350 kilometres to the east of Perth and to the south-east of the town of Merredin. The resource looks to be better than $475M capped Andromeda’s 210mt resource. A global Inferred Mineral Resource estimate for the Cloud Nine Deposit of 207 million tonnes of kaolinised granite has been reported by RSC, using an ISO Brightness (“ISO-B”) R457 cut-off of 75....

Galileo, the next Fraser Range nickel success story? In December 2019, Legend Mining (ASX: LEG) catapulted to a $200 million market capitalisation after exploration drilling revealed a nickel-sulphide discovery at its Rockford Project’s Mawson Prospect in the Fraser Range nickel belt in Western Australia. The stock doubled in price in a single day on speculation that the exploration drilling was the first sign of Mawson being the region’s “next Nova discovery”. Prior to this, the 2012 discovery of the Nova nickel deposit, also in the Fraser Range nickel belt, shot Sirius Resources to fame, returning shareholders a return of circa 10,000% in a matter of months and led to Sirius’ acquisition by Independence Group (ASX:IGO) for $1.8 billion. Located 50...

Elixir Energy well positioned to meet China’s booming natural gas demand By Meagan Evans CHINA is set to see a massive lift in demand for natural gas with current usage rates set to more than triple over the next 15 years. This comes as the Chinese government pushes for a switch to cleaner energy sources from coal, implementing policies to reduce sulfur dioxide and nitrogen oxides emissions and bring up the number of days with good air quality to 80%. To achieve this, it’s encouraging a switch from coal to natural gas, aiming for natural gas to account for 10% of energy consumption this year — a policy that is understandably driving significant growth in natural gas demand. China is not...