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Exploration

May 10, 2021
Pitt keen to promote mining careers

Pitt keen to promote mining careers

Young people are missing career opportunities in the resources sector as they are being indoctrinated with the idea there is no future in the industry, according to Federal Resources Minister Keith Pitt. Mr Pitt has told an industry podcast that encouraging young Australians to pursue technical and trade careers in the sector is critical to… ...

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May 05, 2021
Tax credit scheme extended for junior explorers

Tax credit scheme extended for junior explorers

The Federal Government is coughing up $100 million to extend the Junior Minerals Exploration Incentive (JMEI) for four more years. The move is being welcomed by the Association of Mining and Exploration Companies (AMEC), with chief executive Warren Pearce describing the JMEI as a vital initiative for the exploration industry. “The continuation of this will… ...

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Apr 21, 2021
Exploration grants on the table

Exploration grants on the table

Queensland’s mineral explorers are being invited to stake their claim on $2.5 million being offered under the latest round of Collaborative Exploration Initiative grants. State Resources Minister Scott Stewart said CEI funding provided a golden opportunity for Queensland explorers and would help drive the state’s economic recovery from COVID-19. “Investment in exploration today is what… ...

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Apr 19, 2021
AMEC campaign highlights green gains

AMEC campaign highlights green gains

The Association of Mining and Exploration Companies (AMEC) has launched a community campaign focusing on aspects of the mining and exploration industry that protect and enhance the natural environment. The transformation of the old Kidston mine in North Queensland into a renewable energy hub is among teh stories being highlighted as part of the campaign…. ...

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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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