Tag: mining

GTI Resources Ltd (ASX:GTR) has doubled the size of its uranium project areas by acquiring adjacent past producing mineral leases in the Henry Mountains Utah, USA. The company has entered into a binding agreement to acquire 100% of two mineral leases from Toronto-listed Anfield Energy Inc. (TSX-V: AEC), in a significant expansion of its uranium project areas that join together the existing Jeffrey and Rat’s Nest projects. The two strategically located mineral leases serve to connect the company’s current ground positions in the area and will more than double the size of GTR’s contiguous land position by conjoining its most prospective projects at Jeffrey and Rats Nest. The acquisitions expand GTR’s land position to over 5.5 kilometres along the interpreted…

Key Petroleum Limited (ASX: KEY) is emerging as one of Western Australia’s brightest oil and gas explorers. The company has a well-established position in the Perth Basin, having focused on a new phase of activity centred on the L7 (R1) Mt Horner acquisition, and the adjacent Wye Knot-1 drilling program in EP 437. The Perth Basin has become a hot spot for oil and gas explorers on the back of corporate activity, exploration success and recognition of the promising supply demand dynamics that should support strong pricing in the coming years. Highlighting why there is interest in this region is Strike Energy (ASX: STX), which received an overnight five-fold share price increase after announcing a significant gas discovery in the…

As investors cotton on to the generally positive movements in the uranium price, the outlook for uranium explorers and producers is also improving. GTi Resources (ASX: GTR) first came to investors’ attention in April this year, following the announcement that it was in possession of a number of past producing uranium and vanadium properties located in Utah, USA and would start its maiden drill program at the highly prospective Jeffrey Project. In March/April, this company was an unknown microcap stock priced below 1c, but with momentum in the story over May, the company’s share price ran to over 5 cents. It has since retreated to 2.7 cents. However the company’s project is more advanced than back in May and could…

VULCAN Energy Resources (ASX:VUL | FWB: 6KO) has doubled its share price since its low point in March, when COVID-19 struck global markets. The company’s recovery on the market, is due to the work it is doing to help the world become a more sustainable place. When COVID-19 struck, Vulcan’s stock was sold off to as low as 15¢ per share amid the uncertainty, having climbed to 38¢ per share — an almost 150% gain from the start of the year. Since then, buyers have begun to return to the stock, more than doubling the company’s share price from its March lows. Further gains are predicted, with German research house Alster Research setting a price target of $2.45 (€1.45) per…

TEMPUS Resources (ASX: TMR) has raised $4 million to fund its next stage of exploration at its low risk, high producing, high grade mine in British Columbia, Canada. Tempus has two major projects: Blackdome-Elizabeth in Canada and Zamora in Ecuador. The two projects offer investors a good balance of a high-risk, high reward play against certainty (in Canada), where there is an existing resource Tempus feels it can expand on. Much of the money raised will go towards the Blackdome-Elizabeth Project, which comprises the Blackdome Gold Mine and Elizabeth Gold Deposit located in the Tier-1 jurisdiction of British Columbia, Canada. Blackdome and Elizabeth are two deposits, making up one project that is significantly de-risked by previous production history, with demonstrated…

In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023. In other words, there is a looming uranium supply and demand mismatch and the Association believes the uranium industry is only a couple of years away from firing again, leaving behind fears of another Fukushima. There is reason to be positive about nuclear energy: it could play a crucial role in the decarbonisation of the world. Such is the shift in thinking around nuclear’s role to combat climate change, that Microsoft co-founder Bill Gates is making the rounds in Washington to persuade the US Congress to spend billions of…

GOLD explorer MinRex Resources (ASX: MRR), which holds ground just a few kilometres to the north-east of the $1.2 billion capped Silver Lake Resources Ltd’s (ASX: SLR) gold and copper Deflector Mine, is set to release new exploration results at its Deflector Extended Gold Project at Gullewa in Western Australia. MinRex currently holds five projects, four of which are located in the East Pilbara region. The East Pilbara 70%-owned projects consist of Bamboo Creek Gold Project, Marble Bar North Gold Project, Marble Bar South Gold Project and the Daltons Gold Project. The Deflector Extended Gold project is 100% owned by the ASX micro-cap and lies to the north-east of Silver Lake Resources’ Deflector Mine and also the gold producing Golden…

HYDRAULIC cylinders are the powerhouses of modern mining operations. They work tirelessly in the harshest environments for thousands of hours lifting enormous loads and coping with earth shattering impacts. When all is well, these cylinders are seldom given a second thought on a busy mine site, but when they fail, they suddenly become the focus of attention as equipment goes out of operation and expensive downtime builds. Repairing hydraulic cylinders is viable from both a time and a cost perspective, especially when there is the option to drop off a worn cylinder and pick up a repaired one straight off the shelf. WesTrac’s parts exchange system works exactly this way and ensures that their customers are up and running as…

RELIABLE ventilation in underground mines is literally as important as breathing, which is why a Low profile, fixed shape, low friction ventilation duct, developed by Polyline, WA, is transforming how air flows for underground miners. Ventilation is vital for maintaining workable temperatures, oxygen flowing for both humans and machines and to remove diesel particulates from machinery being used in the tunnel. Polyline, for the past 21 years has specialised in underground ventilation. Polyline is excited to introduce a new low friction ventilation duct called “Split PolyDuct”, designed specifically to minimise transportation, handling, running costs and mine downtime. To enhance its usability, Split PolyDuct comes with reusable storage and transport cradles. Polyline managing director Justin Reed emphasised the importance of this…

WHILE mining company office personnel head home to work, mine sites remains in production, with policies in place to limit the effect of the COVID-19 pandemic on operations. Employees who are returning from overseas are required to self-quarantine for 14 days, regardless of symptoms, and strict hygiene procedures are in place on all mining projects around Australia. Major players like Rio Tinto continue to closely monitor the impacts of the Covid-19 and its first priority remained the safety of its people. “Our approach has been specific to geographies and in accordance with advice from local government and authorities. For instance, we have asked all teams to reassess the need for travel, with non-essential-travel postponed in certain regions,” a spokesperson said.…