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Exploration

Mar 29, 2021
Coal takes $18b export hit, but outlook improving

Coal takes $18b export hit, but outlook improving

Australian coal is heading for a post-COVID comeback after taking an $18 billion hit in forecast export revenue for 2020-21, according to the latest Resource and Energy Quarterly report. Minister for Resources, Water and Northern Australia Keith Pitt said the outlook for coal had improved since the December Resource and Energy Quarterly and that export… ...

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Mar 15, 2021
Red Metal to spin out key silver project

Red Metal to spin out key silver project

Red Metal proposes to spin out its silver-rich Maronan project through the listing on the ASX of its subsidiary Maronan Metals. The company believes the spin out and related IPO will help fast-track development of the project, located about 60km south-east of Cloncurry in North-West Queensland. Maronan Metals would raise up to $36 million to… ...

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Mar 12, 2021
Gold explorer to hit ASX and advance Qld projects

Gold explorer to hit ASX and advance Qld projects

Australasian Gold is launching an IPO to list on the stock exchange, with assets including two Queensland gold exploration projects. The company aims to raise $4.5 million through an offer of 22,500,000 shares at an issue price of $0.20, but may accept oversubscriptions totalling up to $1.5 million further. In a letter to potential investors,… ...

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Mar 12, 2021
Ripple Resources acquisition deal executed

Ripple Resources acquisition deal executed

Public unlisted company Auburn Resources has entered an agreement to acquire Armour Energy subsidiary Ripple Resources. Ripple holds a number of mineral exploration tenements in Queensland and the Northern Territory considered to be prospective for zinc, lead, and gold – including Nicholson in North West Queensland. The deal would see Armour transfer its interests in… ...

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Mar 11, 2021
Alice Queen says bula to Fiji gold with new deal

Alice Queen says bula to Fiji gold with new deal

Horn Island gold hopeful Alice Queen has entered a conditional agreement to acquire Fiji-based exploration company Viti Mining. Viti Mining and Alice Queen have worked together to secure recently granted applications for the Nabila prospect (SPL1514) and Viani prospect (SPL1513) in Fiji. Alice Queen will, subject to regulatory and completion conditions, acquire Viti Mining as… ...

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Mar 09, 2021
Forum on mineral systems of the Mount Isa Inlier

Forum on mineral systems of the Mount Isa Inlier

JCU’s Economic Geology Research Centre (EGRU) is hosting the fourth in a series of workshops on the Mineral Systems of the Mount Isa Inlier in May. This two-day workshop aims to bring together academia, industry and government organisations to discuss topics of interest relevant to exploration in the Mount Isa region. It will include face-… ...

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Mar 05, 2021
AMEC showcases critical  minerals opportunities

AMEC showcases critical minerals opportunities

The Association of Mining and Exploration Companies (AMEC) aims to lure investors with a new presentation on 48 critical minerals projects across Australia. AMEC chief executive officer Warren Pearce. The 2021 AMEC Critical Minerals Investment Opportunities document highlights a range of projects, including rare earth reclamation from bauxite residue at Gladstone and a cluster of… ...

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Mar 04, 2021
Cannindah cashed up for Piccadilly exploration

Cannindah cashed up for Piccadilly exploration

Cannindah Resources has raised $1 million through a share placement to advance work on its Piccadilly gold project,  60km north of Charters Towers. The company this week reported that rock chip sampling had returned some high-grade gold results that highlighted the potential of the under-explored eastern section of the Piccadilly mining lease. Geological prospecting had… ...

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Feb 23, 2021
Zenith delves deeper at Red Mountain

Zenith delves deeper at Red Mountain

Zenith Minerals has started a follow-up drill program to a depth of 400m at its Red Mountain gold project in Central Queensland. It comes after the company intersected high-grade near-surface gold in the maiden and subsequent drill programs last year. The results last year included 13m grading at 8g/t gold and 3.2g/t silver, and 15m… ...

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