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Strandline raises cash for mineral sands work

By: Esmarie Iannucci     24th May 2019 Mineral sands miner Strandline Resources will raise A$5.5-million for project works in Western Australia and Tanzania. The company will issue 46-million shares, priced at 12c each, to institutional and sophisticated investors, with shareholder Tembo Capital set to take part in the placement. 

Tyranna has Eureka moment in WA

By: Esmarie Iannucci     24th May 2019 An independent study into the re-start of the Eureka gold project, in Western Australia, has proven that it could be a viable cash flow opportunity for owner Tyranna Resources. The restart study estimated that some 2 000 oz of gold could be recovered over a one-month mine life, generating free... 

Bartons delays hits Millennium balance sheet, production forecast

By: Esmarie Iannucci     24th May 2019 Gold miner Millennium Minerals has reached an in-principle agreement with shareholder IMC Group for a A$20-million mezzanine debt facility to provide working capital as delays at the Bartons underground and the sulphide plant at Nullagine, in Western Australia, continued. The gold miner on... 

Mincor raises cash for nickel restart

By: Esmarie Iannucci     24th May 2019 Nickel hopeful Mincor Resources will raise A$23-million through a share placement and share purchase plan (SPP) to fast track its plans to restart nickel sulphide mining in the Kambalda district, in Western Australia. Mincor earlier this week struck a A$9.5-mllion deal to acquire the Long... 

Mincor snaps up idled nickel mine in Kambalda

By: Esmarie Iannucci     23rd May 2019 ASX-listed Mincor Resources has acquired the Long nickel operation, in Western Australia, from diversified miner Independence Group for up to A$9.5-million. The Long nickel operation was placed on care and maintenance in mid-2018, following the production of more than 135 000 t of nickel-in-ore,... 

Neometals updates vanadium DFS at Barrambie

By: Esmarie Iannucci     22nd May 2019 A revised definitive feasibility study (DFS) into the Barrambie vanadium/titanium/magnetite project, has confirmed a vanadium production pathway, with owner Neometals now hoping to focus on extracting value from the titanium resource. The revised DFS estimated that Barrambie, in Western... 

Lithium Australia declares vanadium resource

By: Esmarie Iannucci     22nd May 2019 ASX-listed Lithium Australia has reported a maiden vanadium resource of 185-million tonnes, at 0.33% vanadium oxide for its Youanmi project, in Western Australia. Lithium Australia said that the maiden resource estimate comprised an oxide resource o 96-million tonnes, at 0.34% vanadium oxide,... 

Lynas to set up plant in WA as it abandons plans for Malaysia facility

By: Esmarie Iannucci     21st May 2019 Rare earths miner Lynas on Tuesday told shareholders that it would relocate a planned processing facility from its Kuantan operations in Malaysia, to its operations in Western Australia. Speaking at an investor conference, CEO and MD Amanda Lacaze noted that the cracking and leaching facility... 

FYI nearing completion of pilot plant

By: Esmarie Iannucci     21st May 2019 The share price of junior FYI Resources was bumped by more than 5% on Tuesday on news that the company high purity alumina (HPA) plant, in Western Australia, was nearing first production. “The pilot plant is another key element for our disciplined HPA strategy that will ensure the Cadoux kaolin... 

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... 

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