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Precious metals

Jan 18, 2021
Wet halts Agate Creek mine as processing kicks off

Wet halts Agate Creek mine as processing kicks off

The first ore from the current mining campaign at North Queensland’s Agate Creek gold mine is running through the plant at Lorena, 15km east of Cloncurry. Mine owner Laneway Resources said there was about 4400 tonnes of 6g/t gold ore expected to be processed over the next 10 days. The company has temporarily suspended operations at Agate Creek, about 40km south of Forsayth, due to loc...

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Jan 14, 2021
Yandan gold project sale finalised

Yandan gold project sale finalised

GBM Resources has completed its acquisition of the Yandan gold project from copper-gold producer Aeris Resources. Aeris receives $3 million in GBM shares (at $0.135 per share) and a 1.5 per cent Net Smelter Royalty on the first 300,000 oz of gold equivalent mined from the Yandan tenements. The company has also subscribed for a placement of $1 million of shares in GBM at $0.135 per share. ...

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Dec 18, 2020
Ausmex firms plans for Comstock gold start

Ausmex firms plans for Comstock gold start

Ausmex Mining Group is continuing to head for an early 2021 start to production at its Comstock gold mine, after a final draft feasibility study indicating a ‘highly robust return on investment’. Comstock is an historical high-grade gold mine that forms part of the Golden Mile project area and lies about 500m north of the Ausmex flagship Mount Freda project near Cloncurry. Aus...

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Dec 14, 2020
Upgraded gold resource at Steam Engine project

Upgraded gold resource at Steam Engine project

Recent drilling has increased the mineral resource estimate at the Steam Engine project in North Queensland to 112,000 ounces of gold. A scoping study into potential mining at the site is expected to be released during mid-January 2021 after being set back due to delays in assay results. It comes as project owner Superior Resources highlights expectations of a bull market for gold continuin...

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Dec 10, 2020
Evolution firms grip on potential Mount Carlton feed

Evolution firms grip on potential Mount Carlton feed

Evolution Mining has secured complete ownership of the Crush Creek project after drill results demonstrating its potential to extend the life of the nearby Mount Carlton gold operation. Evolution entered into an earn-in agreement with Basin Gold last year over the Crush Creek project, 30km south-east of the Mount Carlton mining and processing operation. Evolution has now achieved the requi...

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Dec 03, 2020
Golden Mile mines in fast lane for 2021 start

Golden Mile mines in fast lane for 2021 start

Cloncurry gold developer Ausmex Mining Group says it expects to start mining in the first quarter of 2021 at the historic Comstock, Falcon and Shamrock gold mines. They are part of a group of eight high-grade historical gold mines thatmake up the Golden Mile project. Independent mine management group Minecraft had been appointedmanagers of the project, Ausmex managing director Aaron Day sai...

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Nov 17, 2020
Silver mine deal falls through for Jadar

Silver mine deal falls through for Jadar

Jadar Resources has dropped its planned purchase of the Granite Belt Project, including the Texas silver mine. The company said yesterday it had formed the view that the asset owners Moreton Resources and subsidiary MRV Metals, both in liquidation, were unable to deliver unencumbered title to the Granite Belt assets and unable to complete the transaction. The company had entered into the t...

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Nov 17, 2020
Minotaur keen to start work at new tenements

Minotaur keen to start work at new tenements

Minotaur Exploration has completed its due diligence and will proceed to acquire the Pyramid gold project in North Queensland from Avira Resources. Minotaur said it was attracted to the tenement group by the very credible drilling history and an extensive geochemical database, positioning Pyramid as a compilation of advanced gold exploration prospects. West Pyramid Range offered significan...

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Nov 17, 2020
Explorer hits ‘jackpot’ with gold-rich discovery

Explorer hits ‘jackpot’ with gold-rich discovery

Transition Resources says it has ‘hit the jackpot’ near Cloncurry, identifying a multi-billion-tonne, gold-rich mineral system in its tenements. Recent drilling confirmed the system was capable of hosting high-grade gold and new economy metals such as tungsten, cobalt, and highly sought-after heavy rare earth elements, Transition Resources founder David Wilson said. He describ...

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