Forget rare earths - this stuff sells for $3m a tonne!

Brian Rodan, Executive Chairman of Augustus Minerals holding drill core from Mt Kare in PNG. Credit: File There’s a big play happening up in PNG with a potentially huge prize and the $10m ASX listed Augustus Minerals (ASX: AUG) is in the thick of it. After years of dispute, court cases and controversy, the gold-rich Mt Kare project, that sits about 600kms north-west of Port Moresby, is about to be awarded to someone by the Papua New Guinea Government’s Mineral Resources Auth

Corazon Mining’s trawl through exploration data from previous explorers has produced a number of high grade gold hits that were never followed up that point to three priority targets at its new Feather Cap project in WA’s Gascoyne region. Credit: File Corazon Mining (ASX: CZN) has picked up some stellar historical gold hits from a review of old data at its recently acquired Feather Cap gold project in WA’s Gascoyne region. The review points to multiple high-priority, walk-up

Underground mining at Ora Banda’s Sand King mine in the WA Goldfields. Credit: File Ora Banda Mining (ASX: OBM) has delivered a cracking September quarter, smashing records with 30,595 ounces of gold produced and $38.5 million in free cash flow adding to its mounting $122.7 million cash pile. The gold haul, whilst up 39 per cent from the prior quarter, fell a touch short of the lofty guidance expectations, however, a better-than-expected drop of 20 per cent in all-in sustain

Kazakhstan businessman Dias Sarsenov, whose family controls transport giant Eastcomtrans LLP, has advanced up to US$2.2 million to Sarytogan Graphite In a timely boost for its world-class graphite project, Sarytogan Graphite (ASX: SGA) has received advice that it will soon land up to US$2.2 (A$3.32) million in funding from Kazakhstan businessman Dias Sarsenov’s Steinhardt Holdings NV. The cash will be used to maintain momentum on the definitive feasibility study (DFS) for th

Advance Metals incoming non-executive chairman David O’Connor Advance Metals (ASX: AVM) has named precious metals maestro David O’Connor as the company’s new non-executive chairman to guide its precious metals growth stories across Mexico and Australia. With 40 years of global mining nous and a knack for turning prospects into paydirt, O’Connor is set to steer the company’s flagship Mexican silver-gold projects through development, effective immediately. His appointment along

Gateway Mining’s surface rock sampling has identified a sample which shows evidence of the contact between the outcropping Great Western granitoid intrusive (left) and its enclosing sedimentary rock (right). Credit: File Gateway Mining’s (ASX: GML) surface sampling around its Great Western intrusive target in WA has all the broad hallmarks of a new, typically large-scale Eastern Goldfields gold camp near Wiluna with serious potential for multiple big gold discoveries. The co

A track-mounted diamond drilling rig similar to the one that will be used for Locksley Resources’ maiden drilling program at the company’s El Campo rare earths project in California. In a decisive move to kickstart rare earths exploration in the United States, ASX and US-listed Locksley Resources (ASX: LKY) has shifted gears by locking in a diamond drill rig and firing the starter’s gun on its first rare earths drilling campaign at the company’s exciting El Campo prospect in

Dateline Resources managing director Stephen Baghdadi (left) at the Department of Interior, US. Credit: File After converting another tranche options, Dateline Resources (ASX: DTR) MD Stephen Baghdadi has pumped another $277,000 into Dateline, bringing his total personal investment in the company just since June to $1.35m and boosting his stake to 12 per cent of the $1.3b company. Dateline’s Colosseum project in the USA has driven a market frenzy this year, with punters liki

Auric Mining’s first gold pour at Black Cat Syndicate’s Lakewood Mill using ore sourced from the company’s Munda project near Widgiemooltha in Western Australia. Credit: File In a masterstroke of timing amid the strongest ever gold market, Auric Mining (ASX: AWJ) has crossed the threshold from developer to producer once again, this time at the company’s Munda starter pit near Widgiemooltha in WA. The new pour, which marks a renewed stream of cashflows for the mining minnow,

Bulls N' Bears Mining & Exploration Chronicle 510 has been unearthed Bulls N' Bears Mining & Exploration Chronicle 510 has been unearthed! Read it here: https://tinyurl.com/2ayd3222 Subscribe to get it emailed directly to your inbox. https://bit.ly/46LCixx #MiningNews #ASX #BullsNBearsWA #TheWestAustralian #BullsNBearsChronicle Today's edition features – $AW1 #AmericanWestMetals $VMM #ViridisMiningAndMinerals $KZR #KalamazooResources $KAU #KaiserReef $I88 #InfiniResources...

Larvotto Resources is using four diamond drill rigs to systematically test known zones of mineralisation to add to its resources at the company’s Hillgrove gold and antimony project in New South Wales. Larvotto Resources (ASX: LRV) has unveiled a string of standout assays from its diamond drilling program at the company’s Blacklode prospect, part of the its Hillgrove gold and antimony project in New South Wales. The first-pass program nailed thick, high-grade zones of gold an

Pilot Energy’s Cliff Head oil field near the company’s WA-481-P area, which includes the potentially massive 1.1 trillion cubic feet Leander gas prospect in the offshore Perth Basin. Credit: File Pilot Energy (ASX: PGY) has scored a key environmental approval to conduct a 3D seismic survey in the offshore Perth Basin, targeting its Kingia gas play fairway and the massive potentially 1.1 trillion cubic feet (TCF) Leander gas prospect. Approval from the National Offshore Petrol

Larvotto Resources managing director Ron Heeks. There’s a difference between buying well and buying the right thing well. Larvotto Resources (ASX: LRV) did both just 22 months ago when it stole the Hillgrove antimony‑gold field and mining plant in New South Wales from Administrators for what now looks like an almost criminal amount at just $3 million plus the replacement of a $5 million environmental bond that is refundable. At the time antimony was trading at around US$10,0

Ardea Resources’ massive Kalgoorlie Nickel Project has been granted a three-year Major Project Status renewal for the venture, which is centred around its Goongarrie Hub, 80 kilometres north of Kalgoorlie in WA. Credit: File Ardea Resources’ (ASX: ARL) mammoth Kalgoorlie Nickel Project (KNP) in WA has secured a crucial renewal of its major project status (MPS) from the federal government, for another three years underscoring the project’s strategic importance, granting it str

Kalamazoo Resources plans further resource growth drilling and open-pit and underground optimisation studies for its Ashburton Valley gold project near Paraburdoo in WA. Credit: File Kalamazoo Resources (ASX: KZR) has taken another look at its Ashburton gold project near Paraburdoo in WA in light of the rampaging gold price and now says it might be economic to combine two of its proposed open pits at the project. Notably, the company says it has also identified potentially h

Caption: Horizon Minerals’ currently producing gold mining operation at Phillips Find near Coolgardie, with ore sitting on the ROM pad. Credit: File Horizon Minerals (ASX: HRZ) has pumped-up both its cash flow and bank balance from the company’s September quarter activities, finishing the period with an enviable $34.3 million in its coffers on September 30. Horizon generated gold sales of $41.895 million during the September quarter, with the bulk of the revenue coming from

An underground jumbo drill rig working at Kaiser Reef’s flagship Henty gold mine near Queenstown in western Tasmania. Credit: File Kaiser Reef (ASX: KAU) has supercharged its processing capacity at its Henty gold mine near Queenstown in western Tasmania, lifting throughput rates higher by 33 per cent, to a 400,000 tonne per annum annual run rate. The numbers blast the nameplate capacity of the plant out of the water and point to an increase in gold production at the project.

Great Southern Mining is gearing up to drill deep holes into its Duketon gold project and the company’s East Laverton platinum group element play with the help of $337,500 in WA State Government funding. Credit: File Great Southern Mining (ASX: GSN) has locked in $337,500 of co-funded drilling grants from the West Australian Government’s Exploration Incentive Scheme (EIS), giving its Duketon and East Laverton projects a serious leg-up. Only 39 applications were successful in

Raiz Invest hit $2 billion in funds under management and record customer numbers in the September quarter from the introduction of new products. Micro-investing service, Raiz Invest (ASX: RZI) has delivered a barnstorming quarter, smashing through the $2 billion barrier in funds under management (FUM). The company also added thousands of new customers and launched new products, tightening its grip on Australia’s fast-growing digital wealth sector. . Behind the scenes, Raiz ru

Advance has drill rigs rolling into its three projects in Mexico Advance Metals (ASX: AVM) has bolstered its silver discovery credentials in Mexico, establishing a heavyweight Advisory Board to steer what is fast emerging as one of the country’s more aggressive precious-metals growth stories. The company says the two-member board consisting of Douglas Coleman and Trevor Woolfe will provide technical and strategic guidance as Advance drives towards its stated goal of lifting c

Newly minted True North Copper MD Andrew Mooney Credit: File True North Copper (ASX: TNC) has appointed Mr Andrew Mooney as managing director and chief executive officer, effective immediately, positioning the company for accelerated growth in Queensland’s premier copper province. Mooney, who joined the board as a non-executive director in late August, steps up to his new role following the resignation of outgoing MD Bevan Jones. Jones, who steered TNC through a successful re

South32 earn-in agreement projects, Humpback-Damara in Namibia and the Cgae Cgae Project in Botswana. Credit: File Noronex (ASX: NRX) has deepened its partnership with South32, signing a fresh earn-in agreement that will see the global major fund up to A$5 million of exploration at the Cgae Cgae copper project in Botswana over the next five years. The deal gives South32 the right to earn 60 per cent of the project by sole-funding staged exploration, including a 3,000 metre re

Diamond drilling at the Cyclone Deposit, Storm Project, Nunavut. Credit: File Just days after American West Metals’ (ASX: AW1) share price exploded when it announced a $7m capital raise to fund work on its massive indium resource project in Utah, the company has revealed further outstanding copper grades at the Cyclone copper deposit at its Canadian Storm project. Spectacular drill results, running up to an eye-catching 27.3 per cent copper and 80 grams per tonne silver have