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Esmarie Iannucci

Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.

Azure adds to Andover resource

8th February 2023 Junior Azure Minerals has reported a 28% increase in the mineral resource estimate at its Andover nickel project, in Western Australia. Azure on Wednesday reported a maiden mineral resource estimate of 1.3-million tonnes, at 1.11% nickel, 0.46% copper and 0.05% cobalt for 14 700 t of contained... 

Pure supports biomass to hydrogen plant

8th February 2023 Clean energy developer Pure Hydrogen Corporation has executed a convertible note purchase agreement with biomass energy solutions provider CAC-H2 to partly fund the construction of a hydrogen plant at Moreton Bay, in Queensland, during 2023. Under the terms of the agreement, Pure will initially... 

AIC raises A$30m to expand on copper plans

8th February 2023 ASX-listed AIC Mines will raise A$30-million in a share placement to institutional and sophisticated investors to fund initial work at its Jericho and Eloise projects, in Queensland. The company has received firm commitments for the placement of 66.7-million shares, at a price of 45c each. The... 

Strike accepts Hancock offer for Warrego

8th February 2023 ASX-listed Strike Energy on Wednesday abandoned its takeover plans for fellow-listed Warrego Energy, and has instead accepted the takeover offer made by Hancock Energy for its shareholding in that company. Hancock’s interest in Warrego currently stood at 52.17%, with the company recently... 

Strike accepts Hancock offer for Warrego

Fortescue plans mining in Gabon in 2023

8th February 2023 Iron-ore major Fortescue has signed a mining convention for its Belinga iron-ore project, in Gabon, with mining planned to start in the second half of 2023. The mining convention governs all the legal, fiscal and regulatory regimes for the 4 500 km2 which comprises the Belinga project, including... 

BHP shuts iron-ore operations after fatality

8th February 2023 Diversified miner BHP has reported a fatality at its rail yard in Port Hedland. The company said on Wednesday that its Western Australia Iron Ore operations have been suspended for a period of 24 hours following the incident. 

Orion Minerals locks in IDC funding

8th February 2023 Dual listed copper developer Orion Minerals has signed a definitive agreement for a R250-million convertible loan to advance the development of its Prieska copper/zinc mine, in South Africa. The agreement was struck with the Industrial Development Corporation (IDC) of South Africa, under which... 

Magnetite Mines finds port solution for Razorback

7th February 2023 Junior Magnetite Mines has signed a non-binding memorandum of understanding (MoU) with Whyalla Ports, part of the GFG Alliance, to investigate the use of port handling and shipping facilities to export magnetite concentrate from the Razorback iron-ore project, in South Australia. Export... 

RSHQ gives directives to Qld miners

7th February 2023 Resources Safety and Health Queensland (RSHQ) has issued compliance directives to mine operators in Queensland following a series of serious incidents at Central Queensland coal mines involving mobile equipment operating on coal stockpiles. The directives follow three recently reported... 

OreCorp finds power for Nyanzaga

7th February 2023 Gold developer OreCorp has inked a non-binding memorandum of understanding (MoU) with Tanzanian electricity supply company TANESCO to extend grid power to the Nyanzaga gold project. It is intended that power to Nyanzaga will be supplied by the TANESCO national grid and delivered via a new 53km... 

Feasibility work to start at Pioneer Dome

7th February 2023 A scoping study into the Pioneer Dome lithium project, in Western Australia, has supported a decision to progress to more detailed studies, ASX-listed Essential Metals said. The scoping study was based on a mineral resource estimate of 11.2-million tonnes, at 1.16% lithium oxide, containing 129... 

Amani sells Giro for $30m

7th February 2023 Minerals and metals explorer Amani Gold on Tuesday announced a $30-million transaction to divest of its Giro gold project, in the Democratic Republic of Congo (DRC). The company has signed a binding term sheet with Mabanga Mining SARL for the sale of Amani’s shareholding in its DRC-based entity... 

Amani sells Giro for $30m

Lithium Australia sells Lake Johnston interest

7th February 2023 ASX-listed Lithium Australia has struck a deal with fellow-listed Charger Metals to divest of its remaining 30% stake in the Lake Johnston lithium project, in Western Australia. The agreement also included Lithium Australia’s remaining 30% interest in the contractual rights to the lithium in... 

EV Resources secures A$25m in funding

7th February 2023 ASX-listed EV Resources has secured a A$25-million investment commitment from Sapphire Global Energy Fund to fund working capital and potential acquisitions. EV on Tuesday reported that the investment would be made via an equity drawdown facility, which would have a 60-month period starting on... 

FFI advances Norwegian green hydrogen

7th February 2023 Green energy developer Fortescue Future Industries (FFI) has advanced its Holmaneset green hydrogen project, in Norway, to the next phase by completing a scoping study to identify potential locations for the 300 MW green hydrogen and green ammonia facility and associated port facilities.... 

Hastings adds to Yangibana reserve

6th February 2023 Rare earths developer Hastings Technology Metals has reported a 25% increase in the ore reserve at its Yangibana project, in Western Australia. The project’s total proven and probable ore reserve has now increased to 20.93-million tonnes, up from the 16.7-million tonnes previously estimated, at... 

Rex hunting for Hillside partner

6th February 2023 Junior Rex Minerals is hunting for a partner for its Hillside copper/gold project, in South Australia. The ASX-listed company is seeking direct participation through a minority interest in the project, and has already received a number of project participation and product offtake inquiries, Rex... 

JV partners commit Greater Sunrise development

6th February 2023 Oil and gas major Woodside and its Sunrise joint venture (JV) partners have committed to the development of the Greater Sunrise fields, north-west of Darwin. Woodside said in a statement on Monday that the JV would consider all the key issues for delivering the gas, for processing and liquefied... 

88 Energy raises cash for Alaskan oil hunt

6th February 2023 Alaska-focused oil explorer 88 Energy has completed the bookbuild for a A$17.5-million capital raise to fund drilling of the Hickory-1 well at Project Phoenix, and to fund payment for acreage at the Leonis project. The ASX- and Aim-listed company on Monday said it would issue more than... 

Cyprium to raise A$35m for Nifty restart

6th February 2023 ASX-listed Cyprium Metals has announced plans to raise A$35-million to support the restart of its Nifty copper project, in the Pilbara. The company has received firm commitments for the placement of 318.6-million shares from sophisticated and institutional investors, at a price of 11c a share.... 

Appea pleads its case ahead of federal Budget

6th February 2023 The Australian Petroleum Production & Exploration Association (Appea) has called on the federal government to use its 2023-24 Budget to encourage investment in new gas supply and emissions reduction measures to put sustained downward pressure on gas prices, help deliver energy security, and... 

Input encouraged into Australia's National Battery Strategy

6th February 2023 The federal government has launched the consultation process for Australia’s first National Battery Strategy, which it said would be integral to help Australia transition to a decarbonised economy, hit its ambitious emissions targets, foster Australian innovation and support Australian... 

Hancock gains the upper hand in Warrego tussle

6th February 2023 Gina Rinehart’s Hancock Energy has taken more than a 50% interest in takeover target Warrego Energy, triggering a higher offer. Hancock Energy initially offered 28c a share in cash for Warrego shares, but offered to increase this price to 36c a share if it achieved a minimum 40% acceptance of... 

Brazilian authorities back BHP's play for Oz Minerals

6th February 2023 Brazil’s Administrative Council for Economic Defence has given mining major BHP approval for its proposed acquisition of ASX-listed Oz Minerals. The two companies in December entered into a scheme implementation deed and the Oz Minerals directors unanimously recommended that shareholders accept... 

Newmont makes nonbinding offer for Australia's Newcrest

6th February 2023 Gold major Newcrest Mining on Monday confirmed it had received a conditional and non-binding indicative proposal from major Newmont, valued at about A$24-billion. Under the proposal, Newcrest shareholders would receive 0.38 Newmont shares for every Newcrest share held. This would result in the... 

Newmont makes nonbinding offer for Australia's Newcrest
Photo by Newmont
Newmont president and CEO Tom Palmer

Price caps affecting gas supply agreements - Appea

3rd February 2023 The industry body for the oil and gas sector this week said that the price cap placed on the industry by the federal government at the end of last year, was making it difficult to execute gas supply agreements. The Australian Petroleum Production & Exploration Association (Appea) CEO Samantha... 

Dacian nudges shareholders to take action on Genesis bid

3rd February 2023 ASX-listed Dacian Gold has reminded shareholders that the takeover offer from fellow-listed Genesis Minerals will close on February 20. Genesis is offering 0.0843 of its own shares for every Dacian share held, implying a value of 10.2c a share for the Dacian holding, and an equity value of... 

Resolute appoints London-based CFO

3rd February 2023 Gold miner Resolute Mining has appointed Chris Eger as the company’s new CFO. Resolute said on Friday that Eger’s appointment comes following the company’s decision to move the CFO position to London, with Eger replacing Doug Warden, who has decided not to relocate. 

Strickland raises A$4m

3rd February 2023 Junior Strickland Metals will raise A$4-million in a share placement to institutional and sophisticated investors to fund ongoing exploration work at its flagship Yandal gold project, in Western Australia. The ASX-listed company will place 125-million shares at a price of 3.2c each under its... 

Plug pulled on LNG import terminal in NSW

3rd February 2023 Reports emerged on Friday that Energy Projects and Infrastructure Korea (EPIK) had shelved plans for its $589-million Newcastle GasDock liquefied natural gas (LNG) import terminal in New South Wales. In its gas inquiry report released late in January this year, the Australian Competition and... 

Openpit activities start at Kathleen Valley

3rd February 2023 Openpit mining operations have started at the Kathleen Valley lithium project, with the project still on track to produce its first product in mid-2024. ASX-listed Liontown Resources on Friday reported that the first blast at Kathleen Valley has been successfully fired, and the openpit mining... 

Calls arise to put aluminium on critical minerals list

3rd February 2023 The incoming president of the Australian Aluminium Council has called on the federal government to put bauxite, alumina and aluminium on the nation’s critical minerals list. “Aluminium is, and will continue to be, one of the most widely used commodities in the global clean energy transition. To... 

Calls arise to put aluminium on critical minerals list

Strike won't increase Warrego offer

3rd February 2023 Suitor Strike Energy on Friday confirmed it would not be increasing its current offer for takeover target Warrego Energy, with the company’s voting power now standing at 24.91%. The ASX-listed Strike is offering one new share for each Warrego share held. 

Winsome raises A$60m for Canadian exploration

3rd February 2023 ASX-listed Winsome Resources has announced a A$60-million capital raise to accelerate lithium exploration at its projects in Canada. The capital raise will consist of a combination of flow-through shares (FTS), an institutional placement and a share purchase plan (SPP). 

BHP to fund copper, nickel explorers

3rd February 2023 Major BHP has selected seven companies to help accelerate global copper and nickel exploration through its Xplor programme. The seven companies have been selected to receive funding and support under the BHP Xplor accelerator program, which is designed to help provide participants with the... 

Hawsons reassesses iron-ore project size

2nd February 2023 ASX-listed Hawsons Iron this week reported that it would modify the bankable feasibility study (BFS) for its namesake project, in New South Wales, following the completion of a strategic review. The company last year slowed work relating to its BFS to examine escalating costs and to evaluate... 

AuTECO raises cash for Canadian gold hunt

2nd February 2023 Junior AuTECO Minerals on Thursday announced plans for a A$9-million capital raise to fast-track exploration at its Pickle Crow gold project, in Ontario. The ASX-listed company has received firm commitments for the placement of 180-million fully paid ordinary shares, at a price of 5c each to... 

Hancock's stake in Warrego increases

2nd February 2023 Suitor Hancock Energy has now secured a 27.03% interest in takeover target Warrego Energy, after extending its takeover offer period until February 10, earlier this week. Hancock is offering 28c a share in cash for Warrego shares, which would increase to 36c a share if the Gina Rinehart-led... 

SRG wins major contracts with Northern Star

2nd February 2023 Gold miner Northern Star Resources has awarded ASX-listed contractor SRG Global contracts valued at some A$220-million. SRG has secured a five-year contract at the Bronzewing gold operations, in Western Australia, the scope of which will include the provision of specialist drill and blast... 

Deep Yellow sets $372m price tag on Tumas

2nd February 2023 A definitive feasibility study (DFS) on the Tumas uranium project, in Namibia, has estimated that the project would require a capital investment of some $372-million. ASX-listed Deep Yellow based the DFS on treating 4.15-million tonnes a year of ore to produce up to 3.6-million pounds of uranium... 

Hydrogen jobs study starts in Qld

2nd February 2023 A study is underway in Queensland to determine the skills needed by the local hydrogen industry workforce, delivering on the A$4-million commitment toward supporting energy skills including for hydrogen, electric, vehicles, and renewable energy which was announced at the Queensland Workforce... 

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