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Australasia News
Impact strikes a HPA deal in WA
By: Esmarie Iannucci 21st March 2023 ASX-listed Impact Minerals on Tuesday announced a ‘transformational’ acquisition, acquiring an 80% interest in the Lake Hope high purity alumina (HPA) project, in Western Australia. Under the terms of the agreement with unlisted Playa One, Impact would earn an interest in the company in stages,... →
Panoramic extends Savannah life
By: Esmarie Iannucci 21st March 2023 Nickel miner Panoramic Resources has extended the mine-life at its Savannah project, in Western Australia. Referencing a recently released life-of-mine update, Panoramic MD Victor Rajasooriar told delegates of Paydirt’s Battery Minerals conference, in Perth, that the project now had a minimum... →
Liontown looks at DSO opportunities at Kathleen Valley
By: Esmarie Iannucci 21st March 2023 Lithium developer Liontown Resources is evaluating sale of direct shipping ore (DSO) at its Kathleen Valley project, in Western Australia, as an opportunity for early cash generation. Liontown COO Adam Smits told delegates at the Paydirt Battery Minerals conference, in Perth, that DSO material... →
Albemarle planning expansions at Kemerton
By: Esmarie Iannucci 21st March 2023 US major Albemarle on Tuesday said it was looking at expansion options in Australia, with the closest at hand being expanded production at its Kemerton lithium hydroxide plant in Western Australia. Speaking at the first day of Paydirt’s Battery Minerals conference, Albemarle country manager and... →
US hoping Australia takes up downstream mantle
By: Esmarie Iannucci 21st March 2023 The Australian resources sector has been urged to move into the downstream value adding chain to take advantage of the increased demand for battery materials in the US. Speaking at the first day of the Paydirt Battery Minerals conference, the US Councillor for Economic Affairs, Michael Sullivan... →
Mincor urges shareholders to hold out for higher bid
By: Esmarie Iannucci 21st March 2023 Nickel miner Mincor Resources has urged shareholders not take any action in relation to an on-market takeover from shareholder Wyloo Metals. Wyloo currently holds a 19.9% interest in Mincor, and has offered A$1.40 in cash for every Mincor share not already owned by the company, valuing the... →

IGO weighing downstream nickel processing
By: Esmarie Iannucci 21st March 2023 Battery minerals major IGO is investigating the potential downstream processing of nickel to produce a cathode precursor product. Speaking at the Paydirt Battery Minerals conference, in Perth, IGO CFO Kath Bozanic said that the downstream processing option was in line with the company’s desire... →
Critical Mineral Strategy due soon - Minister
By: Esmarie Iannucci 21st March 2023 The federal government is hoping to deliver its new Critical Minerals Strategy in the first half of this year, Resources Minister Madeleine King told delegates at the first day of the Paydirt Battery Minerals Conference. It is envisioned that the Strategy would focus on the government’s vision... →
Besra secures major funding facility
By: Esmarie Iannucci 21st March 2023 Gold developer Besra Gold has inked a $300-million gold pre-purchase and offtake funding deal with shareholder Quantum Metal Recovery. Besra told shareholders on Tuesday that the $300-million in funding, which would be paid over 30-months against future production ounces, would enable the... →
White Rock to close Morning Star
By: Esmarie Iannucci 21st March 2023 ASX-listed White Rock Minerals on Tuesday announced that it would ‘reluctantly’ place its Morning Star gold project, in Victoria, on care-and-maintenance, while fellow-listed Thomson Resources also exercised its right to exit from the Mt Carrington earn-in and joint venture agreement, also in... →
Safety environment that almost guarantees that people come first is a must, says Naidoo

By: Martin Creamer 20th March 2023 Mine safety is absolutely essential. Stopping injury and fatality in mines just has to happen. How can South Africa achieve the zero harm that is needed? This was Mining Weekly’s opening question to Dilley Naidoo, the director of business development at Rifle-Shot Performance. (Also watch... →
Lithium development on track as Andrada production capacity increases 
By: Martin Creamer 20th March 2023 Technology metals mining and exploration company Andrada anticipates completion of its lithium bulk-testing pilot facility in June this year, the London AIM-quoted company said on Monday, March 20, when it provided fourth-quarter and 12 months to February 28 production updates for its Uis tin,... →

Tesla's vision of EVs without rare earths will spur magnet race
By: Bloomberg 20th March 2023 Tesla’s ambition to remove rare earths from future models has producers in the sector reeling, but it also should spur global efforts to deliver alternatives for electric car motors that currently rely on the materials. Model 3 and Model Y powertrains have already reduced consumption of heavy... →
Reserve and outlook improves at Razorback
By: Esmarie Iannucci 20th March 2023 ASX-listed Magnetite Mines has reported a 340% increase in the ore reserves for its Razorback iron project, in South Australia, as well as the results of an optimisation study which identified the optimum development pathway. Magnetite Mines on Monday said that the best-case project... →
Bristol Springs to cost A$242.5m
By: Esmarie Iannucci 20th March 2023 The definitive feasibility study (DFS) for the Bristol Springs renewable energy project, in Western Australia, has confirmed its potential to produce some 4.9Mkg a year of hydrogen at a total cost of A$2.77/kg. ASX-listed Frontier Energy on Monday told shareholders that the Stage 1 development... →
Abujar ramping up to full production - Tietto
By: Esmarie Iannucci 20th March 2023 Junior Tietto Minerals has completed commissioning of its Abujar gold processing plant, in Côte d’Ivoire, with the project now ramping up to full production. The 4.5-million tonne a year mine is forecast to produce some 200 000 oz/y of gold over the first six years of production, at an all-in... →
Ionic's Uganda project proves profitable
By: Esmarie Iannucci 20th March 2023 The Stage 1 development of the Makuutu rare earths project, in Uganda, will require a capital investment of $120.8-million to support the five-million tonne a year project, which would deliver40 090 t of rare earth oxide equivalent product. ASX-listed Ionic Rare Earths on Monday told... →
Chilalo economics firm up for Evolution
By: Esmarie Iannucci 20th March 2023 An updated definitive feasibility study (DFS) into the Chilalo graphite project, in Tanzania, has delivered strong economics. ASX-listed Evolution Energy Minerals on Monday said that the results of a front-end engineering design (FEED) was incorporated into the updated DFS, which resulted in an... →
Ramelius makes a play for Breaker
By: Esmarie Iannucci 20th March 2023 Gold miner Ramelius Resources on Monday unveiled a takeover offer for fellow listed Breaker Resources, which owns the Lake Roe gold project, in Western Australia. Under the terms of the all-script off-market takeover offer, Breaker shareholders would receive one Ramelius share for every 2.82... →
Burgundy abandons Ellendale plans
By: Esmarie Iannucci 20th March 2023 ASX-listed Burgundy Diamond Mines has abandoned its plans to acquire the Ellendale and Blina diamond projects, in Western Australia, from fellow listed Gibb River Diamonds. Burgundy in 2021 struck a two-year option agreement with Gibb River Diamonds to earn full ownership of the project for... →
Underground mining starts at Cowal
By: Esmarie Iannucci 20th March 2023 Production at the Cowal underground mine, in New South Wales, has started some three months ahead of schedule, gold miner Evolution Mining reported on Monday. The company told shareholders that first production from the Cowal underground mine was a major milestone in the planned growth at Cowal... →
Cultural audit leaves room for improvement at Rio
By: Esmarie Iannucci 20th March 2023 An independent audit into diversified miner Rio Tinto’s cultural heritage management compliance and performance has identified 81 non-conformances and 60 improvement opportunities in the miner’s global operations, and has made 144 recommendations to support alignment with global good practice.... →

Exxaro well-advanced on own-mine renewables plan, says new energy MD 
By: Martin Creamer 17th March 2023 Coal miner Exxaro has advanced considerably on progressing the generation of renewables to supply electricity to its own mining operations, newly appointed Exxaro MD for Energy Leon Groenewald said in response to Mining Weekly during Thursday’s media conference at which the JSE-listed coal,... →

Okapi takes stake in uranium technology firm
By: Esmarie Iannucci 17th March 2023 ASX-listed Okapi Resources will take a 19.9% stake in technology company Ubaryon, after that company’s shareholders approved a A$3.1-million investment. Ubaryon is developing and commercialising a novel chemical uranium enrichment technology and has recently established a laboratory at... →
Early work starts at Kanmantoo
By: Esmarie Iannucci 17th March 2023 Junior Hillgrove Resources has wasted no time in advancing restart work at its Kanmantoo copper project, in South Australia, following a capital raise. Hillgrove on Friday announced that specialised contractors have been engaged to start early works activities in preparation for the start of... →
Full production at Century targeted for April
By: Esmarie Iannucci 17th March 2023 Heavy rainfalls in Queensland could likely see a quicker uptake of global miner Sibanya-Stillwater’s takeover offer for zinc miner New Century Resources, as operations at its namesake mine remain suspended. New Century earlier this month suspended operations at the Century mine and at the... →

Volt signs offtake deal for Tanzania fine flake
By: Esmarie Iannucci 17th March 2023 ASX-listed Volt Resources has inked a binding offtake agreement with battery anode material producer Graphex Group for the sale of 10 000 t/y of fine natural flake production from its Bunyu project, in Tanzania. The offtake would run for an initial five-year term, with the option to extend for a... →
Chatree mine opens
By: Esmarie Iannucci 17th March 2023 Thailand’s Department of Primary Industries and Mines has approved the reopening of the Chatree gold mine. Owner Kingsgate Consolidated said on Friday that its Thai subsidiary, Akara Resources, will now start work on the full commissioning of the second plant, including using stockpiled ore... →
FFI advances Kenyan green energy ambitions
By: Esmarie Iannucci 17th March 2023 Green energy developer Fortescue Future Industries (FFI) is advancing ambitions to develop a green energy and fertiliser project in Kenya, with the company signing an Investment Support and Implementation Agreement with the Kenyan government. The Investment Support and Implementation Agreement... →
Rio spending big in Australia
By: Esmarie Iannucci 17th March 2023 Diversified major Rio Tinto has spent more than A$15.3-billion with Australian suppliers during 2022, of which some A$8.6-billion was spent in Western Australia. The miner this week reported that local expenditure was up 9% on the previous year, with more than 6 200 companies benefitting. As... →
New mineral maps released for Australia
By: Esmarie Iannucci 17th March 2023 The federal government this week announced the release of four new Mineral Potential Maps, which could facilitate exploration for minerals such as zinc and associated critical minerals including cobalt, gallium, and germanium for use in renewable technologies. This information, collected with... →
Coal miner Exxaro to build 68 MW solar power plant in Limpopo

By: Martin Creamer 16th March 2023 Financial close is expected at the end of this month for construction in the second quarter of this year of a 68 MW solar power plant at a cost of between R1.52-billion and R1.56-billion, Exxaro CEO Dr Nombasa Tsengwa said during Thursday’s record-earnings presentation by the coal, energy and... →
Patriot to raise C$50m for critical minerals hunt in Canada
By: Esmarie Iannucci 16th March 2023 Triple listed Patriot Battery Metals Inc will raise some C$50-million to fund critical exploration at its Corvette property, in James Bay region of Quebec. The company on Thursday said it had received firm commitments via a strongly supported charity flow-through offer of some 2.21-million... →
Jervois targeting Q2 production
By: Esmarie Iannucci 16th March 2023 Dual listed Jervois Global is targeting the full concentrator commissioning at its Idaho Cobalt Operations, in the US, in the coming month, with copper and cobalt concentrates expected early in the second quarter of this year, slightly later than previously anticipated. The ASX- and TSX-V listed... →
Rio announces board appointments
By: Esmarie Iannucci 16th March 2023 Diversified miner Rio Tinto has announced the appointment of Dean Dalla Valle and Susan Lloyd-Hurwitz as non-executive directors, effective from June 1. Dalla Valle brings four decades of operational and project management experience in the resources and infrastructure sectors, having previously... →
Chevron sharing CCS lessons
By: Esmarie Iannucci 16th March 2023 US energy major Chevron is sharing lessons learned in its carbon capture and storage (CCS) operations at its Gorgon liquefied natural gas (LNG) project, in Western Australia, with fellow industry participants. The company in 2021 conceded that it had failed to capture sufficient greenhouse gas... →
ADGSM a last resort - Minister
By: Esmarie Iannucci 16th March 2023 Federal Resources Minister Madeleine King on Thursday said that the Australian Domestic Gas Security Mechanism (ADGSM) would be a ‘measure of last resort’ to ensure domestic gas supply. The government is currently working on reforms to the ADGSM, which would ensure Australia had sufficient gas... →
Equatorial Resources makes $1.1bn claim against Congo
By: Esmarie Iannucci 16th March 2023 ASX-listed Equatorial Resources has launched a $1.1-billion compensation claim against the Republic of Congo, claiming that the government of that country had taken unlawful measures against the company. Equatorial previously referred its investment dispute with Congo to arbitration at the... →
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