https://www.miningweekly.com
Exploration|Gold|Iron Ore|Mining|PROJECT|Resources|Underground
Exploration|Gold|Iron Ore|Mining|PROJECT|Resources|Underground
exploration|gold|iron-ore|mining|project|resources|underground

MinRes picks up iron-ore rights near Carina mine

24th November 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Diversified mining company Mineral Resources (MinRes) is buying more rights near its Carina iron-ore mine in the Yilgarn Hub of Western Australia’s Goldfields, fellow ASX-listed Aurumin reported on Friday.

The junior is selling the iron-ore rights on its Mt Dimer exploration tenement to MinRes for up to A$1.5-million and a royalty on ore exported.

"This agreement allows Aurumin to unlock further value from Mt Dimer, complementing the sale of the mining tenements to Beacon Minerals, and will allow further reduction of the Convertible Note. We maintain upside from both progress payments and future production and look forward to working with MinRes on the exploration programme,” said Aurumin MD Brad Valiukas.

Mt Dimer is a past-producing project, having previously delivered more than 125 000 oz of gold from openpit and underground production.

Edited by Creamer Media Reporter

Comments

Latest News

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.129 0.167s - 102pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: