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Esmarie Iannucci

 

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

Email: newsdesk@engineeringnews.co.za

Received BTech degree in Journalism from the Tshwane University of Technology

Ardea to spin-out NSW assets

25th June 2019 Junior Ardea Resources will spin-out its Lachlan Fold Belt gold and base metal tenements, in New South Wales, into a new vehicle named Godolphin Resources. In an initial public offering (IPO), existing Ardea shareholders will receive an in-specie distribution of 30-million Godolphin vendor... 

Sheffield finds funding while Thunderbird work continues

25th June 2019 Mineral sands developer Sheffield Resources has mandated Taurus Mining Finance to provide a $10-million bridging finance facility. Sheffield earlier this month announced plans to update the bankable feasibility (BFS) study for its Thunderbird project, in Western Australia, looking at increasing... 

Piedmont adds to resource estimate in the US

25th June 2019 Lithium developer Piedmont Lithium has reported a 47% increase in the mineral resource estimate of its namesake project in North Carolina. Piedmont on Tuesday reported that the mineral resource estimate for the Core property had increased by 55% to 25.1-million tonnes, at grades of 1.09% lithium... 

Vital changes lanes into rare earths race

25th June 2019 ASX-listed Vital Metals on Tuesday unveiled plans to pursue rare earth oxide development through the acquisition of privately-held Cheetah Resources. Cheetah has agreements in place to acquire the Thor Lake and Wigu Hill rare earth oxide projects, in Canada and Tanzania respectively. 

Altura welcomes new investor

25th June 2019 Chinese firm Ningbo Shanshan Co has taken an 11.8% shareholding in ASX-listed lithium developer Altura Mining, after acquiring some 251-million shares in the company. Altura MD James Brown on Tuesday welcomed Shanshan to the registry, noting that the Chinese firm was one of the early movers in... 

Century expansion options outlined

25th June 2019 An expansion study at the Century zinc mine, in Queensland, has highlighted the potential for a mine life extension through to mid-2026, ASX-listed New Century Resources has reported. New Century is currently undertaking a tailings operation at the mine, which started in August last year, and is... 

MOD backs improved A$167m offer from Sandfire

25th June 2019 Copper miner Sandfire Resources has made an improved A$167-million takeover offer for Africa-focused copper developer MOD Resources. Under the offer agreement, each MOD shareholder could elect to receive either 45c in cash for each of their shares, capped at A$41.6-million or 25% of the overall... 

AVZ increases Manono stake

24th June 2019 ASX-listed AVZ Minerals has struck a $5.5-million deal to acquire an additional 5% interest in the Manono lithium and tin project, in the Democratic Republic of Congo (DRC). AVZ on Monday announced that it would acquire an additional 5% interest in Manono from joint venture partner Dathomir... 

Northern Minerals completes debt agreement

24th June 2019 Rare earths miner Northern Minerals has completed a A$7.5-million convertible debt agreement, with the funds earmarked to progress enhancement initiatives at the Browns Range project, n Western Australia. The convertible debt formed part of a greater A$15-million placement and convertible debt... 

Barminco wins A$800m Botswana contract

24th June 2019 Mining services provider Ausdrill’s subsidiary Barminco has been awarded an A$800-million underground mining services contract at the Zone 5 mine, in Botswana. The five-year contract will include mine development, the establishment of underground mine infrastructure, diamond drilling and mine... 

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