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New numbers impart shine to BCI’s Mardie SoP and salt project

By: Esmarie Iannucci     17th May 2019 An optimisation of the prefeasibility study (PFS) for the Mardie salt and potash project, in Western Australia, has improved the project economics, with a definitive feasibility study (DFS) now targeted for late 2019. ASX-listed BCI Minerals on Friday reported that the optimised PFS estimated a... 

Hexagon taps US as preferred location for graphite plant

By: Esmarie Iannucci     17th May 2019 A scoping study by ASX-listed Hexagon Resources has determined that the preferred location for a stand-alone graphite purification and processing plant (GPPP) to be Washington State, in the US. The scoping study considered sites in both the US and in Western Australia, with the US site winning... 

AuStar rethinking Centennial plans

By: Esmarie Iannucci     17th May 2019 Junior AuStar Gold has paused its takeover plans for embattled Centennial Mining, following discussions with that company’s administrators. AuStar in May revealed its intentions to make a takeover offer for Centennial, which holds the A1 gold mine, after the Centennial’s administrators revealed... 

Metminco enacts Andes merger

By: Esmarie Iannucci     17th May 2019 ASX-listed Metminco has signed a binding bid implementation agreement with Colombia-focused Andes Resources to enact a merger agreement reached in March this year. Under the terms of the off-market agreement Metminco would issue 25 of its own shares for every Andes share held, with the merger to... 

St Barbara completes A$355m raising for Atlantic Gold buy

By: Esmarie Iannucci     17th May 2019 ASX-listed gold miner St Barbara has completed A$355-million institutional entitlement offer to partly fund the acquisition of Canada’s Atlantic Gold Corporation. The 1-for-3.1 pro rata accelerated non-renounceable entitlement offer, which was priced at A$2.89 a share, formed the first stage of... 

Pantoro raises A$43m to fund Norseman deal

By: Esmarie Iannucci     17th May 2019 Gold miner Pantoro has completed a A$43-million fully underwritten share placement to partially fund the acquisition and joint venture of the Central Norseman gold project, in Western Australia. Pantoro placed more than 215.18-million shares, at 20c each, to sophisticated and professional... 

Greenland optimises Kvanefjeld economics

By: Esmarie Iannucci     15th May 2019 An optimised feasibility study into the Kvanefjeld rare earths project, in Greenland, has estimated a $31-million increase in annual revenue, at current rare-earth prices. ASX-listed Greenland Minerals on Wednesday reported that the optimised study had estimated an 8% increase in rare-earth... 

Ramelius warns of further delays at Greenfinch

By: Esmarie Iannucci     15th May 2019 Gold miner Ramelius Resources has warned of further delays to the approval process for its Greenfinch openpit operation, in Western Australia, immediately adjacent to the Edna May operation. The Western Australian Department of Mines, Industry Regulation and Safety in November rejected the... 

Gulf's DSO operation gets final approval

By: Esmarie Iannucci     15th May 2019 ASX-listed Gulf Manganese has received final approval from the Indonesian Ministry of Trade for its direct shipping ore (DSO) licence. The approval from the Ministry of Trade follows an earlier approval from the Ministry of Energy and Mineral Resources, and marks the final ratification for the... 

Troy targeting growth at Karouni

By: Esmarie Iannucci     15th May 2019 Junior gold miner Troy Resources will continue to target growth opportunities at its Karouni gold project, in Guyana, with the miner hoping to extend its project holding through acquisitions or joint ventures. Speaking on the sidelines of the Paydirt Latin America Downunder conference, in... 

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