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Base metals

Jul 22, 2021
R3D Resources raring to go at Chillagoe

R3D Resources raring to go at Chillagoe

R3D Resources will plunge into a drilling program at the former Tartana copper operation near Chillagoe, targeting extensive mineralisation under the old open pit, after a relisting on the ASX this week. The company also aims to restart copper sulphate production at the site, potentially in early 2022, to provide an ongoing cash flow. R3D… ...

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Jul 22, 2021
Nil Desperandum delivers for Carnaby

Nil Desperandum delivers for Carnaby

Carnaby Resources says its Nil Desperandum prospect in North West Queensland is developing as a very significant copper-gold deposit with economic potential. A recently commenced RC and diamond drilling program at Nil Desperandum has continued to intersect impressive broad zones of copper-gold mineralisation, the company said. Samples to date are being prepared to be dispatched… ...

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Jul 21, 2021
Capital projects on a roll at Capricorn Copper

Capital projects on a roll at Capricorn Copper

29Metals has outlined a raft of capital projects rolling out at its Capricorn Copper site in North-West Queensland, as its quarterly report shows a lift in copper production. Surface works associated with a new exhaust ventilation shaft at the Esperanza South deposit have commenced, with commissioning scheduled for 2022. Meanwhile the company said it was… ...

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Jul 19, 2021
Aeon raises cash as Walford Creek study continues

Aeon raises cash as Walford Creek study continues

Walford Creek proponent Aeon Metals is raising up to $12.5 million through a share placement and a share purchase plan. The proceeds will help cover ongoing pre-feasibility study activities on the North West Queensland copper-cobalt project, which are scheduled for completion in the first quarter of 2022. The company also listed ongoing extensional and infill… ...

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Jul 15, 2021
Metal Bank ready to drill at Millennium

Metal Bank ready to drill at Millennium

Metal Bank has started exploration as part of its six-month exclusive option to earn into the Millennium copper, cobalt and gold project in North West Queensland. After field reconnaissance and mapping this month, the company is progressing and finalising an RC drill program to test the northern extensions of the project. Drilling is scheduled to… ...

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Jul 14, 2021
Budget approved for Cloncurry exploration

Budget approved for Cloncurry exploration

GBM Resources says an exploration budget of $750,000 has been approved for its Cloncurry farm-in projects, with field work expected to commence in the next quarter. The joint venture partners are targeting copper and gold in the region north of Glencore’s Ernest Henry Mine, including the Mount Margaret and Bungalien projects. Nippon Mining of Australia,… ...

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Jul 14, 2021
Case builds for Silver King open-pit potential

Case builds for Silver King open-pit potential

The latest results from drilling at New Century Resources’ Silver King deposit have boosted the potential for a broader mining complex in the area, the company says. The Century mine operator is aiming for a final investment decision in the third quarter of this year for the development of potential mining operations at Silver King… ...

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Jul 05, 2021
Queensland resources served medium-rare

Queensland resources served medium-rare

A Dutch organisation representing peak industry groups has been served up a feast of Queensland mineral wealth. The group which is made up of 185,000 enterprises has savoured platters of critical minerals, relished entree of rare earths, gorged on mains of copper with base metals sides all of which was rounded off with a bauxite… ...

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Jun 28, 2021
Exports bounce counted in the billions

Exports bounce counted in the billions

The Office of the Chief Economist says Australia is set to record its best year of resources exports. That’s contained in the latest Resources and Energy Quarterly (REQ) which both reviews market movements and forecasts Australia’s exports. It says the fortunes of Australian resources exports are tied to a rebounding world economy and are likely to hit… ...

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