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Base metals

Nov 22, 2021
Encouraging signs at Eloise copper mine

Encouraging signs at Eloise copper mine

New owner AIC Mines says it is confident of adding significant value at the Eloise copper mine as it releases drill results for the Eloise Deeps deposit. The company said the definition drilling had returned excellent results and supported near-term production forecasts for the North-West Queensland site. Managing director Aaron Colleran. They included 12.2m grading… This content is for iQ ...

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Nov 02, 2021
Rockfire homes in on CQ copper source

Rockfire homes in on CQ copper source

Veins bearing copper and molybdenum sulphides have been encountered in all four drill holes completed to date at Rockfire Resources’ Copperhead project in Central Queensland. David Price, Rockfire Resources. Geology and veining in the cores indicated the drilling was hitting upper levels above a large porphyry copper system, the company said. Ongoing drilling is targeting… This conten...

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Nov 02, 2021
AIC takes the reins at Eloise copper mine

AIC takes the reins at Eloise copper mine

AIC Mines has officially taken ownership of the Eloise copper mine in North-West Queensland, completing a $27 million acquisition deal with FMR Investments. Announcing the completion, AIC heralded ‘a new and exciting stage for the company’, which also has two major exploration projects in Western Australia. And it is promising to pump new life into… This content is for iQ Indust...

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Oct 27, 2021
Eloise copper mine buyer AIC raises $40m

Eloise copper mine buyer AIC raises $40m

AIC Mines has completed a $40 million capital raising to fund its acquisition of the Eloise copper mine in North-West Queensland and a planned exploration drive in the area. The company has entered into an agreement to acquire Eloise from FMR Investments for about $27 million in cash and shares. It has highlighted the excellent… This content is for iQ Industry Queensland members only.Log In...

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Sep 01, 2021
AIC Mines to acquire Eloise copper operation

AIC Mines to acquire Eloise copper operation

The Eloise copper mine is set to change hands in a $27 million deal between AIC Mines and owner FMR Investments. The underground mine, 60km south-east of Cloncurry, is producing at an annual rate of 11,500 tonnes of copper and7,000oz of gold in concentrate. “This is a tremendous development for AIC,” managing director Aaron Colleran… This content is for iQ Industry Queensland members ...

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Aug 28, 2021
Stacks of Isa history in lead smelter milestone

Stacks of Isa history in lead smelter milestone

Glencore has delved into the archives to celebrate Mount Isa Mines’ history as it marks the 90-year anniversary of the commissioning of the lead smelter. It is a mighty milestone for the mining city, with a skyline marked by the towering presence of the operation’s current lead stack, standing at 270m. When Mount Isa Mines… This content is for iQ Industry Queensland members only...

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Aug 17, 2021
Copper boom in Revolver Resources’ sights

Copper boom in Revolver Resources’ sights

Copper-focused Revolver Resources is preparing to list on the ASX next month after an initial public offer aiming to raise up to $15 million. The Brisbane-headquartered company holds project Osprey, about 220km north of Mount Isa, and the Dianne project, 325km north-west of Cairns, which is centred on an historical copper mine. Revolver Resources was… This content is for iQ Industry Queensl...

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Aug 06, 2021
Dugald River keeps its cool with $20m project

Dugald River keeps its cool with $20m project

MMG Dugald River mine is installing a $20 million cooling solution to bring bulk air underground to facilitate ongoing zinc operations. MMG Dugald River general manager Tim Akroyd said consistent temperature control was critical for the safety of the mine’s employees and contractors working in North-West Queensland’s hot climate. “MMG has sourced a long-term refrigeration… This content is f...

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Aug 06, 2021
Cannindah continues Queensland drill push

Cannindah continues Queensland drill push

Cannindah Resources has kicked off a 1450m diamond drilling program at the Mount Cannindah copper-gold project near Monto in Central Queensland. The company reported that the program was proceeding well, averaging close to 30m per shift. It is designed to potentially extend the current JORC resource, as well as test the continuity of higher-grade copper… This content is for iQ Industry Quee...

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