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Industry News

May 10, 2021
Auburn completes Ripple Resources deal

Auburn completes Ripple Resources deal

Auburn Resources has its sights set on an ASX listing in 2021 after adding a raft of zinc, lead, and gold-prospective tenements to its portfolio. The company has confirmed its acquisition of Ripple Resources, which holds a raft of mineral exploration tenements in Queensland and the Northern Territory, including Nicholson in North-West Queensland. The tenements… ...

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May 10, 2021
Mahalo gas project growing as new ATP granted

Mahalo gas project growing as new ATP granted

Queensland-based energy company Comet Ridge is continuing to build its Mahalo Hub base with news it has been granted an Authority to Prospect over a 338sq km parcel of land. The Central Queensland tender block PLR2020-1-2 has been officially awarded to Comet Ridge as ATP 2063 and will be called Mahalo Far East. The award… ...

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May 10, 2021
Report highlights Australian met coal strengths

Report highlights Australian met coal strengths

Australia will continue to be a strong supplier of metallurgical coal over the next couple of decades thanks to its high quality, according to a new Minerals Council of Australia report. Australian Metallurgical Coal: Quality Sought Around the World is the second in the MCA’s Best in Class: Australia’s Bulk Commodity Giants series. Written by… ...

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May 07, 2021
Pitt launches $20m strategy to broaden mining markets

Pitt launches $20m strategy to broaden mining markets

The Federal Government is introducing a $20 million Global Resources Strategy to help diversify exports and find new markets for Australia’s resources and technology.Minister for Resources, Water and Northern Australia Keith Pitt launched the strategy in Townsville with Member for Herbert Phillip Thompson.“Australia’s resources sector more than lived up to its reputation as a dependable,… ...

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May 07, 2021
Carnaby keen to drill at ‘exceptional’ copper-gold site

Carnaby keen to drill at ‘exceptional’ copper-gold site

Carnaby Resources plans to kick off a 4000m drilling program next week after promising signs at its Nil Desperandum prospect in North-West Queensland. Managing director Rob Watkins said Nil Desperandum and Carnaby’s other Greater Duchess prospect areas were rapidly emerging as an exceptional camp of high-grade copper-gold targets. “We are genuinely excited about the targets… ...

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May 06, 2021
CQ copper-gold hopeful makes ASX debut

CQ copper-gold hopeful makes ASX debut

QMines has listed on the Australian Securities Exchange as it continues its drive to revive the Mount Chalmers mine near Rockhampton. The company began trading on the ASX today after an oversubscribed Initial Public Offer (IPO) raised $11.55 million. The funds will back a large exploration and drilling program at Mount Chalmers, which currently has… ...

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May 05, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates from New Century Resources, Duke Exploration, Pure Hydrogen Corporation, Coronado and more in this week’s exploration, mining and processing briefs. Strong showing for Century’s Silver King mine hope The Silver King deposit continues to shine for New Century Resources, with strong silver assays including results up to 580g/t silver. The company has now received… ...

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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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May 05, 2021
Coldwell adds semi-autonomous drill to fleet

Coldwell adds semi-autonomous drill to fleet

Rockhampton-based Coldwell Drilling Co recently introduced the Next Generation Cat MD6310 semi-autonomous drill into its fleet. Owner Gayle Coldwell said introducing the blasthole drill, now at work in South Walker Creek mine, showed the company was moving into the next era of advanced technology. “A large part of the Coldwell strategy is to provide customers with safe, modern… ...

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