The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
More High Grade Hits Ahead of Resource Upgrade!
December 11, 2023
Another batch of standout assays rounds out a successful 2023 for Spartan
Spartan Resources Limited (“Spartan” or “Company”) (ASX: SPR) is pleased to report updated drilling and assay information from recent drilling at its 100%-owned Dalgaranga Gold Project “DGP” in the Murchison region of Western Australia.
Highlights:
Never Never Gold Deposit – new gold intercepts:
- 18.38m @ 6.10g/t gold from 453.0m down-hole, including:
- 8.65m @ 10.43g/t – DGRC1361-DT (above newly interpreted flexure zone)
- 20.9m @ 4.14g/t gold from 516.0m down-hole, including:
- 2.38m @ 20.20g/t – DGRC1281-DT (above flexure zone)
- 12.19m @ 4.16g/t gold from 516.6m down-hole, including:
- 2.00m @ 15.96g/t – DGRC1347-DT (deepest Never Never assay to date)
- 21.00m @ 1.93g/t gold from 517.0m down-hole, including:
- 8.56m @ 2.65g/t – DGRC1360-DT (within flexure zone)
Four Pillars Gold Prospect – new gold intercepts:
- 11.0m @ 2.44g/t gold from 162.0m down-hole – DGRC1334
- 3.0m @ 5.53g/t gold from 108.0m down-hole – DGRC1339
- 6.0m @ 3.60g/t gold from 372.0m down-hole – DGRC1280-DT
- 2.32m @ 5.73g/t gold from 269.9m down-hole – DGRC1278-DT
West Winds Gold Prospect – new gold intercepts:
- 61.0m @ 2.13g/t gold from 85.0m down-hole, including:
- 22.0m @ 4.69g/t – DGRC1352
- 66.0m @ 1.32g/t gold from 194.0m down-hole, including:
- 8.0m @ 3.29g/t – DGRC1354
- 18.0m @ 1.94g/t gold from 12.0m down-hole, including:
- 3.0m @ 7.92g/t – DGRC1338
Management Comment
Spartan Managing Director and Chief Executive Officer, Simon Lawson, said: “2023 has been a truly transformational year for our shareholders and our Company. Our team has remained focussed at all times on the things we can control – applying smart geology, undertaking effective drilling and delivering high-grade resource growth, as well as keeping our established infrastructure in place and in a high state of readiness.
“This means we are now very well positioned as a low-risk, well-capitalised, high-grade gold investment with existing production infrastructure in times of record US & Australian gold prices. We offer unique optionality and exposure to gold in challenging economic times.
“The intense drill focus on the high-grade Never Never discovery has delivered more than 720,000oz of high-grade gold – mineralised from surface and including roughly 90koz @ 2.2g/t in open pit Resources as well as 630koz above 7.5g/t gold in the underground environment – in a very short space of time.
“Our wider focus on delivering further higher-grade tonnage ore sources has seen us apply what we have learned at Never Never to the former Gilbey’s open-pit environment, highlighting specifically the Four Pillars and West Winds targets on the western side of the pit. These targets are just starting to reveal their true identity as standout higher-grade, structurally-associated gold shoots within the wider Gilbey’s stratigraphic sequence, with the potential to add significant tonnages at a very reasonable grade to any future mine plan.
“Work is well advanced on the resource upgrade for both Never Never and the Gilbey’s Mine Complex, with most of the results from today’s release to be included in the MRE upgrade, which is on track to be finalised and delivered to market imminently. Our positive news-flow will continue into the New Year with mine design, scheduling and reserve scenarios underway.
“A new and expansive drill campaign will commence in January to build on the significant resource foundation already established as we seek to continue to grow high-confidence and high-grade gold ounces in front of our established infrastructure.”
The latest batch of assays include numerous significant intercepts from resource in-fill and extensional drilling at the high-grade Never Never Gold Deposit, including the deepest assay from the deposit to date.
This announcement also includes results from drilling at the Four Pillars and West Winds prospects, beneath the Gilbey’s open pit.
Drilling results in this announcement are being included in the scheduled Mineral Resource Estimate (MRE) update for the Dalgaranga Gold Project. Work on this MRE update is well advanced and undergoing final QC/QC checks. The MRE update is expected to be finalised and released to market imminently.
Click here for the full ASX Release
This article includes content from Spartan Resources Limited, 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.
SPR:AU
30 August
Resourcing Tomorrow 2024: Here’s What You Need to Know
Resourcing Tomorrow is set to return from December 3 to 5 at the Business Design Centre in London.
This year's conference will spotlight the mining industry’s role in accelerating the global energy transition.
With over 2,000 participants from more than 100 countries, the event promises to foster collaboration and innovation, bringing together industry leaders, policymakers, investors and more.
Find out all the details below.
Break out of the echo chamber at Resourcing Tomorrow
The key theme for this year’s event is "Breaking Out of the Echo Chamber," as the mining sector has a unique opportunity to lead the global shift by forging new partnerships with governments, energy companies and original equipment manufacturers.
“Resourcing Tomorrow aims to unite the efforts of the mining industry and their broader partners in accelerating the path to net zero,” Resourcing Tomorrow Divisional Director Andrew Thake said during the conference’s program release.
“By initiating a discussion that reaches beyond the conventional mining industry, we create the foundation for a more coordinated, collaborative and successful response to the challenges presented by the energy transition."
This year’s comprehensive program will feature three simultaneous theaters covering the entire mining value chain over the course of three days.
The event will host over 250 speakers, including keynote presentations from figures such as:
- Mark Cutifani, chair of Vale Base Metals, a subsidiary of Vale (NYSE:VALE)
- Mark Bristow, president and CEO of Barrick Gold (TSX:ABX,NYSE:GOLD)
- Rohitesh Dawan, president and CEO of the International Council on Mining and Metals
- Lamé Verre, co-founder and chair of Lean In Equity & Sustainability, award-winning energy executive
- Julie-Ann Adams, secretary general of the European Battery Recycling Association
One of the core focuses will be on the energy transition, exploring the demand for critical minerals essential for renewable energy technologies. As the world shifts towards solar, wind and geothermal power, the mining industry is tasked with meeting the increasing demand for minerals in a sustainable and responsible manner.
Other key topics will include geopolitics and supply chains, where discussions will address the challenges posed by resource nationalism and trade wars, as well as the opportunities for building resilient, diversified supply chains.
Resourcing Tomorrow to promote global networking
The conference will also serve as a global platform for mining and energy professionals to connect, collaborate and form strategic partnerships.Attendees will include government representatives from countries such as Australia, Canada, Nigeria, Portugal, Saudi Arabia, the United Kingdom and the US.
Over 175 mining companies, including industry giants Barrick Gold, BHP (LSE:BHP,ASX:BHP,NYSE:BHP) and Freeport-McMoRan (NYSE:FCX), will be present, along with more than 500 industry investors.
In addition, the NextGen Leaders program will provide students and recent graduates with a platform to engage with industry leaders and explore career opportunities. This initiative aims to address the skills gap and ensure a diverse and talented future workforce for the mining industry.
The event will also feature several additions, including government roundtables, breakfast briefings and the Resourcing Tomorrow Connect platform, which facilitates one-on-one meetings between attendees. These sessions will cover critical topics such as green steel, emissions reporting and the role of OEMs in supply chains.
Register for Resourcing Tomorrow now
With an agenda-packed program including significant industry and government figures and filled with networking opportunities, Resourcing Tomorrow is setting up to be an impactful event for attendees.
Early bird registrations are open until September 20. Details on sponsorship packages, passes and other information can be found on the event’s official website.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
28 August
Stage Two Gold Proceeds Exceed $18 Million. Highest Price Achieved is $3,727 per Ounce.
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce the second gold milling campaign for 2024 from the Jeffreys Find Gold Mine (the Project) has produced further cash with gold selling at the Perth Mint for an average of A$3,667 per ounce. A total of 4,973 ounces have been sold.
HIGHLIGHTS
- Gold sales for 2024 exceed $18.23 Million.
- Current campaign gold sales reach $13.77 Million.
- Highest gold price achieved is A$3,727 per ounce.
- 154,000 tonnes delivered to the Mill, haulage continuing.
- Current campaign to conclude on 4 September 2024.
- First cash of $3.0 Million to be received by Auric shortly.
Managing Director, Mark English, said: “Gold has sold at up to $3,727 per ounce during August with more to come.
“BML have delivered in excess of 154,000 tonnes to the Coolgardie mill with haulage and milling continuing. Some of that ore will be processed in another campaign later in the year. The current campaign is continuing to produce thousands of ounces of gold.
“Already we have passed $13.77 Million in gold sales for this current campaign of the year and total gold sales for 2024 passing $18.23 Million. We are in the middle of a highly successful time for the Company.
“By the middle of September, Jeffreys Find Gold Mine is expected to generate in excess of $25 Million in gross gold sales for 2024. This current campaign is due to finish in early September. Unforeseen power outages and some inclement weather have slowed the whole process down, but we are hopeful more than 130,000 tonnes of the 150,000 tonne allocation at the Mill will get utilised in this campaign.
“A further campaign is planned at the Greenfields Mill towards the end of this year.
“The mill contract is to process 300,000 tonnes in 2024 so everyone is focussed on making that happen,” said Mr English.
Photo: Jeffreys Find doré bars at Greenfields Mill.
The Greenfields Mill (Greenfields or Mill) is contracted to process up to 150,000 tonnes of ore for the current campaign through Auric’s Joint Venture partner, BML Ventures Pty Ltd of Kalgoorlie (BML). As of 25 August 2024, just over 110,000 tonnes have been processed by the Mill.
Click here for the full ASX Release
This article includes content from Auric Mining, 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.
Keep reading...Show less
27 August
IMARC 2024: Here’s What You Need to Know
Australia’s largest mining event, the International Mining and Resources Conference (IMARC), is back in 2024 for another series of technical talks, panel discussions and keynote presentations from industry leaders.
Now in its 11th year, the conference is happening from October 29 to 31, and will take place at ICC Sydney. This edition will focus on the mining sector’s net-zero goals and the efforts companies are making to achieve them.
Mining industry veterans and newcomers are welcome. As in previous years, participants will get the chance to meet and mingle, brainstorm and share knowledge with potential collaborators throughout the conference.
IMARC programming to focus on net-zero theme
Nine concurrent conferences are happening at IMARC this year, with over 370 technical talks, panel discussions and strategic keynote presentations scheduled to take place at the three day event.
Over 9,000 attendees from more than 120 countries are expected to attend, with almost half being C-level and executives. More than 500 companies will be exhibiting on the conference’s 20,000 square metre show floor.
In excess of 600 mining leaders and resource experts will be presenting on stage during this year's edition of IMARC, with speakers including Rashpal Singh Bhatti of BHP (ASX:BHP,LSE:BHP,NYSE:BHP), Dino Otranto of Fortescue (ASX:FMG,OTCQX:FSUMF) and Bradley Milne of Pilbara Minerals (ASX:PLS,OTC Pink:PILBF).
Government representatives involved in the global mining sector, such as Madeleine King, Australia’s minister for mining and resources, the Queensland Resources Council’s Janette Hewson and Suina Chahuán Kim, Brazil’s vice minister of mining, will also be participating in discussions at IMARC.
IMARC's theme this year, "Accelerating the Critical and Responsible Pathway to Net Zero," will cover various aspects of the mining value chain. Discussions will be narrowed down into seven more specific themes, namely:
- Fast-tracking the critical minerals value chain
- Operationalising the energy transition through innovation and collaboration
- Responsible mining initiatives that contribute to shared prosperity
- Leveraging technology and innovation to achieve productivity and operational excellence
- Accessing capital for project development, innovation and commercialisation
- Speeding up the project lifecycle to develop the mines of the future quicker
- Opportunities for global trade and investment
What’s new at IMARC this year?
IMARC is highlighting five additional features that are new this year for attendees.
Among these new features are two conferences — namely the inaugural Mining, Metals and the Circular Economy conference and the AROSE Mining & Space conference. They will respectively revolve around the circular economy’s role, impact and benefits for mining, and the capabilities and collaborations between mining and space.
NextGen programs will be also be available for skills training. These were created to engage young leaders and students, and provide them with a glimpse of the workforce. They are also geared at facilitating career pathways.
As for those who wish to have in-depth discussions, intimate two hour sessions are available at executive briefings. These encourage leaders and policymakers to review matters that are set to influence the industry.
Lastly, a Share and Win program was designed to keep the event exciting. Participants who promote their presence at IMARC using an automated LinkedIn post will automatically be entered to win an iPad Pro at the event.
Register for IMARC now
Don’t miss the chance to attend Australia’s biggest mining conference this year. Online pre-registration is required. Click here to register, and here for the full registration guide, along with pass and sponsorship packages.
Group discounts are also available. The next early bird offer ends on September 13. You can also follow IMARC on Facebook, Instagram and LinkedIn to stay up to date on news surrounding the conference.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
26 August
Western Australia’s DEMIRS Launches New Online System for Environmental Approvals
The Western Australia Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) is launching a new platform for state environmental approvals, the department announced on August 22.
The Resources Online platform will be a single-user portal that will provide better customer experiences and improve business processes when lodging environment applications under the Mining Act 1978 and state petroleum legislation.
“It will ultimately replace the current Environmental Assessment and Regulatory System,” DEMIRS said, adding that the portal is a key deliverable under the department’s Fast-tracking Mining Approvals program, which “aims to significantly expand and improve the digital capability of mining and petroleum environmental lodgements.”
Targeting improved assessment timeframes and efficiency, the department said it has been working closely with stakeholders to ensure that the new product meets the mining sector's needs.
An industry-wide survey was opened on February 28 to gather insights that were then used to inform the design and department processes around the system. Responses were collected until March 15.
An industry working group consisting of participants from across the resource sector was also established to ensure that a variety of requirements and perspectives were addressed.
“Our goal was to ensure applications are submitted and assessed as efficiently as possible, so it was essential we worked closely with industry,” said Tyler Sujdovic, DEMIRS' executive director, resource and environmental compliance.
“The feedback we have been receiving from the working group has been encouraging,” he continued. “It tells us we are on the right track, and we are looking forward to welcoming the group back to test the system before going live.”
Resources Online is expected to launch at the end of September. DEMIRS said it is following a phased implementation approach, and the first release will be for Programme of Works applications.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Keep reading...Show less
26 August
Allup Appoints IHC Mining Consultants for McLaren PFS
Allup Silica Limited (ASX: APS) (“Allup” or “Company”) is pleased to announce it has appointed IHC Mining (IHC) to undertake a Pre- Feasibility Study( PFS) for the McLaren Mineral Sands Project in Western Australia.
Allup announced its acquisition of the advanced-stage McLaren Project earlier this month, which has an Indicated and Inferred JORC (2012) resource of 280Mt at 4.8% Heavy Mineral1 near surface. Allup is examining its potential to produce ilmenite, a key titanium mineral, which currently trades at more than US$300/t due to increasing titanium shortages. Strong ilmenite market demand expected to continue due to supply deficits and mine closures in Africa.
Whilst process optimisation of the McLaren plant will continue following the completion of test work, flow sheet development and basic engineering have already commenced. At this conceptual stage, the Company’s PFS is progressing with a focus on a medium sized, 10Mtpa spiral concentration plant, which could produce up to 400,000tpa of ilmenite in concentrate annually.
IHC has significant expertise in the design, engineering and construction of mineral sands processing plants, and has a significant laboratory, mineral processing and engineering group based in Queensland.
Its design optimisation work at McLaren will continue through the engineering and design stages.
Allup aims to deliver the PFS in Q2 2025, before moving into the Bankable Feasibility design phase.
About IHC Mining
IHC Mining, a division of Royal IHC, has more than a century of experience, providing geo-metallurgical consultancy, equipment design, and construction, aiming to enhance operational efficiency and sustainability. Its expertise covers various commodities, including mineral sands, gold, and battery minerals, with a strong emphasis on decarbonisation, tailings management, and digitalisation.Click here for the full ASX Release
This article includes content from Allup Silica Limited, 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.
Keep reading...Show less
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.