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Gidji JV Exploration Update
Collaborating on Trends In Mining, Investment and Innovation Towards a Sustainable Future
Tomorrow global leaders will collaborate on trends in mining, investment, and innovation towards a sustainable future at the International Mining and Resources Conference (IMARC) at the ICC Sydney.
The most pressing challenges and opportunities facing the sector’s entire value chain will be explored during the three-day forum with leading experts in their fields sharing their valuable knowledge, experiences, and insights with a record number of delegates from 108 countries.
Ahead of the conference opening, industry specialists share their take on the trends that will be collaborated on at Australia’s largest and most significant mining conference and expo.
NET ZERO MINING
Decarbonisation is arguably the biggest challenge facing the industry right now, which has historically been heavily reliant on fossil fuels not only as a resource, but also as a key fuel supporting much of its operations.
Given the ever-growing awareness around Greenhouse Gas emissions and climate change, Warm Springs Consulting Managing Partner Amber Bieg says mining companies and other emitter will likely only face more scrutiny until decarbonisation really kicks into gear.
“As always, money talks; while regulatory bodies may move slowly in their efforts to curb emissions, shareholders are not as patient. If a move toward more sustainable operations can help ease public pressure, build trust, reduce scrutiny and, in turn, improve the bottom line, shareholders will demand it. Investors are placing pressure on mining companies to take responsibility.
With the rise of Environmental, Social, and Governance (ESG) policies as a key focus within a majority of businesses around the world, the entire mining value chain is working to change.
Ms. Bieg adds, “It’s not just the largest mining companies that are taking action. According to a 2020 White & Case survey of mining sector companies, over 26% of respondents said ESG policies will be the main priority for the mining sector, and over 12% said climate change response would be the top priority.
“When combined, ESG and climate change responses emerge as the top priorities for mining companies. This makes sense given the mining sector’s unique climate change vulnerability from both a financial standpoint, stakeholder concern, and physical infrastructure risk.”
MINE REPURPOSING & REHABILITATION
In line with their commitment to sustainability, mining and resources operators are now looking years - sometimes decades - into the future, towards the rehabilitation or repurposing of their mine sites before they have even broken ground.
It’s a vital process according to Planning and Environment Specialist and MinterEllison Partner Simon Ball, who says these sites can take many forms and have already been used to grow crops, create new bodies of water an even house underground scientific research centres.
He says, “Repurposing is critical because it defines the legacy left by an organisation that has usually operated in an area for many years, even decades. When done well, repurposing provides an opportunity for that legacy to be positive for the local communities and other stakeholders, whether that be in the form of social benefits, such as providing lakes for recreational activities, or economically productive land uses like agriculture or pumped hydro.”
Mr. Ball notes the incredibly positive and meaningful impact these sites can have if planned correctly, with stakeholder and community engagement in mind.
“A successful re-purposing begins by considering and planning for sustainable post-mining land uses from the earliest stages of mine planning. It is also an iterative activity that continues throughout the mining lifecycle, adapting as further information, for example about community expectations, is gathered. Another key step in facilitating a successful repurposing is to engage early with the full range of stakeholders to gain their input as part of a thorough consultation process about post-mining land use,” he says.
ELECTRIFICATION
One of the most talked about trends in mining is key to solving these challenges that are facing a sector at an unprecedented cross-roads.
Chair of Austmine, Dallas Wilkinson, says he sees the most exciting potential around electrification, with increasingly sophisticated technologies leading to incredible advances and innovations across the value chain.
“We’re seeing a one in 100-year opportunity as an industry right now to make a change, and when coupled with the data aspects that leads us into AI and that leads us into ways of doing things differently with automation, robotics and digitisation as well as decarbonisation. So electrification is almost a trigger point for other trends,” Mr. Wilkinson says.
“It brings with it an opportunity to influence the future for many, many generations. In my view, it's really a pivot point for us. It's going from classic diesel type situations into electrification. It's going from almost no governance to full on social governance and decarbonisation is driving that as we know it.”
And the journey towards electrification, and the innovations that come with it, is being sped up by cross-industry collaboration with once siloed sectors now working together on technological advancements.
Mr Wilkinson says “We’re seeing an exciting intersection of lot of different technologies now coming together. You're seeing organisations in the METS sector working across mining, military, space and agriculture as well, all utilizing the same sort of advances in technology to the advantage of all of those industries.”
INVESTMENT IN FUTURE FACING & CRITICAL MINERALS
Much of that technology is leading to more sustainable operations, with mining increasing significantly to source enough future facing and critical minerals needed for a greener future.
This has seen many investors and businesses pivot away from the likes of coal - a necessary energy source right now but unlikely to be a long-term fixture.
IMARC Conference Director Sherene Asnasyous has worked closely with businesses across the entire mining value chain for several years and says there’s been a significant shift in conversation ahead of this year’s forum compared with previous events.
“Everyone in the industry knows that investment in and the use of coal isn’t going to go away overnight. It's not something you just switch on and off. I think the question is how do you balance that shift from coal to future facing and critical minerals.”
Ms. Asnasyous says the increased focus on future facing and critical minerals was a key topic of conversation at the SW Pre-IMARC Energy & Resources Industry Lunch.
“The key takeaway was the most lucrative investment from a short-term perspective is not necessarily where money's going to come from in the long term, so investors are having to pivot and invest in future projects that are going to be long-term and sustainable – not only in terms of the types of materials being mined, but also the innovative environmental strategies being used to operate mine sites, transport minerals and get the commodities around the world.”
IMARC presents a key opportunity for investors to connect with businesses making meaningful changes to their operations but many more conversations and collaborations are required.
“These intentions, strategies and commitments are all well and good, but they can't happen in silo. There must be collaboration across the industry and with the government, mining communities and investors coming together to address all of the challenges facing the sector.”
WORKFORCE & CULTURE
None of these challenges can be properly addressed without a skilled and sustained workforce employed right across the mining value chain – an issue that has been threatening to cripple the sector since before the pandemic struck.
PWC’s National Mining Leader Debbie Smith points to a lack of new graduates combined with a major increase in competitive industries as a key reason for the shortage.
“If you looked at the number of mining engineers that were graduating from Australian universities 10 years ago, there was approximately 250. If you looked at how many mining engineers graduated in 2020 - it was 100.
“You’ve also had a huge investment in infrastructure and so a lot of those skills that are required in in big building projects are the same skills that you also need at the mine sites. So you've got some of those workers who now have a choice about whether they're out at a mine site, or working on a construction project in a metropolitan area.”
Ms. Smith says the mining industry needs to come up with more creative solutions to address this crisis, one of which could involve reconsidering the effectiveness of FIFO mining sites.
“During COVID, the concept of everything having to be on-site has been challenged. How much can be done within regional hubs or from people's homes was really challenged and it was certainly found that in order to protect those essential workers on-site, more people were forced to work remotely,” she says.
“I do think that they're going to have to look at whether FIFO is an attractive proposition going forward, or whether you have to look more to investment in vibrant regional towns and communities that facilitate not just the workers but their families as well.”
“There is also a role the government needs to play in working with the industry to ensure they are properly investing in regional mining communities. Having communities that are solely reliant on single mine operations and not diversified is an opportunity to think through.
ENDS
About
The International Mining and Resources Conference (IMARC) is where global mining leaders collaborate on trends in mining, investment and innovation towards a sustainable future. As Australia’s largest mining event, it brings together over 7,500 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators, and educators from more than 100 countries for three days of learning, deal-making and unparalleled networking. IMARC is developed in collaboration with its founding partners the Victorian State Government of Australia, Austmine, the Australasian Institute of Mining and Metallurgy (AusIMM) and Mines and Money.
Register for a media pass here.
Media Enquiries
Jim Carden
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Investor Presentation Fiery Creek Georgetown
FIERY CREEK COPPER PROSPECT
- Georgetown Project Queensland
- Fiery Creek Copper Prospect
- 29 square kilometre Yataga Granitoid Intrusive Complex
- Identified as potential massive scale constrained copper porphyry system
- Targeting millions of tonnes of contained copper in “pencil porphyry style” Cadia type system
- 1,000 mines, prospects, mineral occurrences in Georgetown District
- 3 exploration permits covering 850km2
- Significant historical gold production, very little systematic modern exploration
- Gold, lithium, silver, lead, zinc, copper, tin, tantalum, niobium, uranium, fluorine and molybdenite
- 8 potential scale prospects gold, copper, silver lead identified to date
- 23% copper, 14 ounces silver (460 g/t)* from rock samples in quartz breccia hosted veins at Fiery Creek
- Hosted within the massive Yataga Granitoid Complex
- 1600m x 750m outcropping copper veining up to 2m wide
- Interpreted shallow constrained, scale porphyry copper system
- Veining has extensive secondary copper mineralisation at surface
- Multi element assays point to possibility of a significant copper polymetallic system
- Pathfinder element anomalism widespread
- 2 geochemistry surveys completed by EMU
Click here for the full ASX Release
This article includes content from EMU NL, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
EIS Grant for Minnie Springs Copper Porphyry Drilling
Augustus Minerals (ASX: AUG; “Augustus” or the “Company”) is pleased to advise the grant of a co-funded EIS drilling grant of up to $110,000 for the Minnie Springs Cu-Mo project in the Gascoyne Region. Augustus thanks the State Government and DEMIRS for supporting exploration in Western Australia with these grants.
- Augustus Minerals has been granted a co-funded drilling grant of up to $110,000 for 2 x 700m deep diamond drill holes under the WA Government’s Exploration Incentive Scheme (EIS) for the Minnie Springs prospect.
- The deeper diamond drill program is designed to test and to provide a 550m deep, 1km wide geological/geochemical/structural cross-section through the large 3km long by 1km wide copper moly porphyry system, linking the Mo mineralised leucogranite to the extensive Cu in soil anomaly to the northeast.
- Previous RC drilling at Minnie Springs intersected mineralisation, geology and alteration halo consistent with the zoning of a large porphyry copper / moly system.
Andrew Ford, GM Exploration
“The Company is pleased to receive an EIS grant to complete deeper drilling at the Minnie Springs Copper Molybdenum Project. The resultant data will enable mapping of the lithology and alteration to a depth of 550m and potentially intersect, or provide vectors to, higher grade Mo-Cu mineralisation using a Mo-Cu porphyry geological model”.
Minnie Springs
Minnie Springs hosts porphyry related copper molybdenum mineralisation previously drilled and defined by Catalyst Metals. A molybdenum Exploration target has been defined for the historicdrillingareacomprisedofbetween12-84Mtasoutlinedbelow (Table 1 and Figure 1, 2.)1.
Table 1. Exploration target size estimate for Minnie Springs Molybdenum depositNote: Based on ~300 ppm cut-off at 100% recovery.
The potential quantity and grade of the exploration target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resources, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The planned diamond drilling will complement the recently completed 3,200m RC drilling program that infilled around hole MSRC012 (18m @ 0.37% Cu and 9.7 g/t Ag from 94m downhole, and 16m @ 0.38% Cu and 19.4g/t Ag from 121m downhole2) and tested the northern half of the 2km long copper-in soil anomaly. Assays from this program are expected to become available over the next month.
The limited exploration in the region, highlighted by 95% of the Ti-Tree project having no previous exploration, demonstrates the prospectivity of this underexplored mineral province.
Click here for the full ASX Release
This article includes content from Augustus Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Quarterly Activity Report 31 March 2024
EMU NL (ASX: EMU) (“EMU” or “the Company”) is pleased to report on its activities for the quarter ending 31 March 2024.
Figure 1. Fiery Creek Copper Prospect/Yataga Granodiorite summarizing rock (brown diamonds) and termite mound sample results (black crosses)
Continuing with its primary exploration focus on the Georgetown project in the latter half of 2023, EMU received assay results during the quarter from its second, in field reconnaissance work. The geochemical sampling programme covered the Fiery Creek high grade copper vein swarm and the Snake Creek prospects with significant element results returned from the Fiery Creek Copper (elevated Cu-Au-Ag-Bi-In-Pb-Sb-Te) and Snake Creek (elevated Pb-Ag-Au-Sb).
Whilst the survey was cut short due to inclement weather, EMU was encouraged by the significant success reflected in the assays results. The results from mineralogical studies confirmed EMU’s interpretation of an indicative, scale Copper-Porphyry system at the Fiery Creek prospect and was a highlight of the survey with new information building on the scale and potential of the prospect1.
Assay results returned included:
- Fiery Creek rock assay results up to 23.5% Cu, 0.27ppm Au, 460ppm Ag, 1.9% Bi, 89ppm In, 2.7% Pb, 667ppm Sb, 1470ppm Zn2.
- evidence of strong potential for the presence of critical and strategic minerals (Cu, Bi, In), with precious and base metals.
- evidence of alteration mineralogy, mineralisation geochemistry and areal extent of the Fiery Creek quartz-Cu-Bi vein swarm strongly suggesting a previously unrecognised subjacent porphyry Cu-Mo system.
- Yataga Granitoid Complex termite mound and coincident rock chip sampling returned several anomalous polymetallic zones for follow up.
- Snake Creek Prospect assays returned 0.20ppm Au, 390ppm Ag, 22.4% Pb, 464ppm Sb1.
Significant results were returned from the Fiery Creek Copper prospect with elevated Cu-Au- Ag-Bi-In-Pb-Sb-Te and from the Snake Creek prospect with elevated Pb-Ag-Au-Sb.
The elevated pathfinder element results and a macro-petrology assessment3 of rock samples completed by Mr Nigel Maund, Consulting Economic Geologist, from the previously unexplored Fiery Creek Prospect, point to the discovery of a porphyry copper system.
The sampling program assessed a number of high-priority prospects within the Georgetown Project tenements utilising termite mound and outcrop rock chip geochemistry. A total of 46 rock chip and 489 termite mound samples were collected across eight prospects.
Click here for the full ASX Release
This article includes content from EMU NL, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Quarterly Report for the Period Ending 31 March 2024
Redstone Resources Limited (ASX: RDS) (Redstone or the Company) is pleased to provide its quarterly report for the period ending 31 March 2024 (the Quarter).
HIGHLIGHTS
WEST MUSGRAVE COPPER PROJECT (100% RDS) – WEST MUSGRAVE, WESTERN AUSTRALIA
- Redstone currently planning work programs to advance its copper exploration strategy at its 100% owned West Musgrave Project in WA
- Foundation set for growth ‐ existing copper resource base at West Musgrave:
- Tollu copper vein deposit with a resource of 3.8 million tonnes at 1% Cu, containing 38,000 tonnes of copper (ASX announcement of 15 June 2016).
- Significant drilling intersections of high‐grade Cu mineralisation at the Chatsworth and Forio Prospects within Tollu (dating back to 2017) are yet to be included in the existing JORC 2012 resource estimate.
- Significant and consistent high‐grade copper results at depth and to the surface at Tollu:
- Most recent drilling at Chatsworth intersected 11m at 1.2% Cu from only 29m downhole (TLC205), extending the previously intersected high‐grade copper lens a further 20m towards the surface.
- Together with prior drilling, TLC205 also confirmed the targeted high‐grade Cu lens at Chatsworth has the following encouraging characteristics:
- Up to 26m thick (downhole) and has a consistent Cu grade over 1% Cu;
- Extends over 140m vertical from TLC205 to its deepest intersection to date in TLC188;
- A consistent high average grade of over 1% in numerous holes; and
- Remains open at depth
- Historical Cu intersections at Chatsworth include mineralisation that continues from the surface to the maximum vein intersection depth at over 424m (downhole), where grades of 3.73% Cu over 10m, including 5m at 5.3% Cu from 427m (downhole), still continue and are not closed out
- Drilling at the Forio Prospect, which included the highest grade intersection ever recorded at Tollu, being 1m at 18.5% Cu from 18m downhole (TLC203) within an intersection of 8m at 4.1% Cu from 13m downhole, extend Forio’s high grade Cu mineralisation zone at Forio to a 60m strike length (north and south) of continuous high grade copper.
- The high grade Forio Cu Zone extends all the way to the surface with lenses of Cu mineralisation up to 34m thick (downhole) with average grades always over 1% Cu (34m at 1.04% Cu from 15m downhole in TLC181)
- Nearby to major BHP deposit: Tollu copper deposit is located 40km east of BHP’s world‐class Nebo‐ Babel Ni‐Cu‐Co‐PGE deposit ‐ estimated to have a resource of 390 million tonnes grading 0.33% copper and 0.30% nickel, for 1.2 million tonnes of contained nickel metal and 1.3 million tonnes of contained copper metal
- Redstone has been successfully awarded a $220,000 drilling grant from the DMIRS under the Round 29 Exploration Incentive Scheme (EIS) – grant will co‐fund a single deep drill hole of approximately 1,000m at the Chatsworth Prospect at Tollu
Click here for the full ASX Release
This article includes content from Redstone Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Metals Australia Quarterly Activities Report - to 31 March 2024
Metals Australia Limited (ASX: MLS) (“Metals Australia”, the “Company” or “MLS”) is pleased to report its activities for the quarter ended 31 March 2024 (“Quarter”):
Highlights
- Highly experienced Mining Executive, Paul Ferguson commenced employment with the Company, as Chief Executive Officer on January 22nd, 20241. Paul’s commencement has enabled the Company to significantly advance planning and preparation for the exploration, metallurgical test work programs and design studies required to move its flagship Lac Rainy high-grade graphite project towards development. Contract awards for key programs and studies are imminent and will be announced during May.
- The Company completed a $3.5M AUD2(before costs) capital raise to support funding of its planned exploration programs in Quebec, Canada. The raise was completed at a 40% premium to the prevailing stock price and utilised the Canadian Federal Governments exploration tax incentive program (Flow Through Shares). This program is provided by the Canadian Government to help stimulate mineral exploration investment by providing increased tax incentives to investors who support companies exploring for critical minerals. The Company has subsequently noted announcements in the April 16th Canadian Federal Govt budget of changes likely to negatively impact these investor incentives from June 25th. Having completed the capital raise, the Company has ensured it has sufficient funding to achieve its exploration and development objectives.
- Company representatives, including its CEO, hosted an investor booth at PDAC3(Prospectors & Developers Association of Canada) Mining convention in Toronto March 3rd to 6th. The convention was hugely successful with significant contacts and connections established, who have expressed their interest in our project. Connections made include government representatives, fund managers, investors and a wide range of technical services and engineering companies covering all aspects of the study programs required to advance the companies projects. This helped raise the profile of our Company’s flagship Lac Rainy project, along with our other Quebec based projects. Follow up meetings with the government and supportive, Quebec based, exploration and project investment funds has further enhanced our profile in Canada.
- The Company held strategic planning workshops in Australia and Canada to review the extensive portfolio of high-quality exploration tenements held by the group. Strategic plans and priorities were developed for each project and plans are advancing to progress further exploration and metallurgical test programs. The Company is also investigating additional exploration or project opportunities where they add scale or accelerated pathways to development. The balance of the financial year will see further announcements, outlining plans.
Click here for the full ASX Release
This article includes content from Metals Australia, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Basin Energy Mining Exploration Entity or Oil and Gas Exploration Entity Quarterly Cash Flow Report
Basin Energy (ASX:BSN) is pleased to announced its mining exploration entity or oil and gas exploration entity quarterly cash flow report.
Click here for the full ASX Release
This article includes content from Basin Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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