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Exploration

May 11, 2021
Rockfire cashed up for new drilling campaigns

Rockfire cashed up for new drilling campaigns

Rockfire Resources has raised more than $1.5 million in a share placement to fund drilling at its Copper Dome and Copperhead projects in Central Queensland, as well as the Plateau gold deposit within its Lighthouse tenement. “A reverse circulation drilling rig is available in Charters Towers and the company plans to mobilise as quickly as possible to… ...

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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 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 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 04, 2021
Strategic Energy Resources takes on Isa North

Strategic Energy Resources takes on Isa North

Strategic Energy Resources is acquiring the Isa North copper-gold project from Newcrest Mining. The Isa North project comprises three exploration licences covering an underexplored 976sq km belt considered highly prospective for Iron Oxide Copper-Gold (IOCG) mineralisation. “The Isa North project was identified during a broader review of the Mount Isa Mineral Province undertaken by SER…...

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May 04, 2021
The miner, the poet and the accountant

The miner, the poet and the accountant

It’s one thing to be motivated by money, another thing to be inspired by imagination. So, is QEM Limited managing director Gavin Loyden more an accountant or a poet? More Josh Frydenberg or Barry Humphries, more Cromwell or Shakespeare? QEM managing director Gavin Loyden. After all, the financier has enough experience dealing in the cold… ...

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