Search Results

Business goliath Wesfarmers will pump $26m into Ora Banda Mining to buy 65 per cent of the lithium rights cash on completion of the deal, with the remaining $3.9 million to come on the completion of a formal mineral Ora Banda will also on-sell 1.5 per cent of its 2 per cent royalty to mining financier Hawkes Point for Ora Banda Mining managing director Luke Creagh The company recently recalculated its mineral resource The revised mineral resource follows mining depletion and the $10 million deal to sell its non-core Lady

Ora Banda Mining has made a solid start to the financial year with gold production rising 39 per cent of $22.7 million, despite spending $11.2 million on the development of its Riverina underground gold mine The quarterly results follow a strong finish to the previous financial year after mining a record 16,700 gold ounces at its Missouri open-pit mine in the June quarter – a 49 per cent increase from the previous significantly extended the deposit to the south and at depth and well beyond the current underground mineral

Ora Banda Mining has now settled a $10 million deal to sell its non-core Lady Ida tenements, 65km south The company will retain rights on the tenements to all minerals other than gold and silver as part of The mining leases included in the Lady Ida tenements sale are the subject of applications for forfeiture Ora Banda Mining managing director Luke Creagh. assays after drilling at its Riverina deposit in the north of the Davyhurst project area, expanding mineralisation

Ora Banda Mining has unveiled a swag of new drilling results, including an 8.1m hit at 13.4 grams per It also went below the British Lion deposit at its Riverina project in an effort to extend the mineralisation is targeting below the current pit floors of the Missouri and Sand King open-pit mines. The miner has kicked off an eight-hole exploration program at Missouri and is following up on a previously-uncovered The program will test mineralisation in about 750m of strike at a depth of 250m below the open pit.

Ora Banda Mining has hit significant lithium results from an initial three-hole exploration campaign The company says lithium mineralisation was observed in drill spoil during the field-mapping exercise X-ray diffraction and petrography analysis shows spodumene to be the dominant lithium-bearing mineral Ora Banda Mining managing director Luke Creagh Initial reconnaissance has identified five additional In February, the company announced it had doubled the underground mineral resource at Riverina to more

St George Mining (ASX: SGQ) has launched a new drilling mission designed to better define the rare earths Significantly, anomalous rare earths mineralisation above 100ppm TREO was logged in all 61 holes drilled St George Mining executive chairman John Prineas Management says less than 10 per cent of the target One look at Venture Minerals’ eye-watering results across its 40-square-kilometre Jupiter target, 80km extensive area centred about 100km south-west of Kambalda and a similar distance and direction from Mineral

St George Mining has defined a series of 1km-long lithium soil anomalies in areas yet to be drill-tested high-priority prospect is in a similar geological context to Delta Lithium’s Mt Ida deposit that holds a mineral St George Mining executive chairman John Prineas Prineas said drilling approvals were in place and the a joint venture (JV) between St George, which manages the project and holds 75 per cent, and giant miner latter has taken up the remaining share in a non-contributing interest until there is a decision to mine

St George Mining has expanded its footprint on the Ida fault in Western Australia’s Goldfields region The Ida fault is considered to control hard-rock lithium mineralisation in the area, including Liontown St George Mining executive chairman John Prineas Management says that together with the 30km-stretch Destiny Lithium has also agreed to grant a 1 per cent net smelter royalty in regard to any minerals mined These are considered priority exploration areas for potential lithium mineralisation, as proven by the

St George Mining has completed a soil sampling and rock chip program over a previously untested area The company’s maiden drilling at Destiny hit widespread rare earths mineralisation in saprolitic clays These are priority exploration areas for potential lithium mineralisation, as proven by the recent spodumene

St George Mining has delivered what it says are “groundbreaking” clay-hosted rare earths grading up to 10 per cent of the target area has been tested by the drillbit to date and the company believes the mineralised St George Mining executive chairman John Prineas Prineas said management was keen to resume drilling Ida is suspected of controlling hard-rock lithium mineralisation in the area. including Liontown Resources will kick off metallurgical testing on selective drill samples to determine the characteristics of the mineralisation

St George Mining has launched a fresh lithium exploration campaign at its Mt Alexander project in Western covered by a joint venture between St George, which manages the project and holds 75 per cent, and giant miner Jailbreak prospect at Mt Alexander late last year and early this year confirmed the presence of lithium-mineralised The project also sits 100km south of Liontown Resources’ Kathleen Valley lithium project that has a mineral These results support the potential for a large lithium-bearing pegmatite mineral system.

St George Mining has picked up seven new hard-rock lithium projects in Western Australia through its deposit that is considered one of the biggest and highest-grade lithium deposits in Australia, with a mineral and Mineral Resources’ Mt Marion site. Myuna Rocks sits just 30km north of Allkem’s operating Mt Cattlin mine near Ravensthorpe. It sits on the western margin of the Yilgarn Craton in an area with no systematic mineral exploration