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Exploration

Jun 04, 2021
Positive trend in Queensland exploration spend

Positive trend in Queensland exploration spend

Queensland exploration expenditure is continuing to grow significantly, setting the foundation for the next generation of projects, State Resources Minister Scott Stewart says. “This week’s Australian Bureau of Statistics data release is more good news for Queensland,” Mr Stewart said. “Investment in Queensland exploration has increased by an impressive 22.5 per cent to $705 million… ...

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Jun 04, 2021
Explorer Castillo cashed up as copper runs hot

Explorer Castillo cashed up as copper runs hot

Castillo Copper has raised more than $11 million to fast-track development of its core copper projects at Mount Oxide in North-West Queensland and in Zambia. The company said it was well positioned after the share placement to deliver on its strategic intent to transform into a mid-tier copper group. It is about to launch a… ...

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Jun 02, 2021
Mount Flora mine potential growing

Mount Flora mine potential growing

Mining potential at Mount Flora is continuing to grow for Duke Exploration, which has just released new assay results for the Central Queensland copper site. The latest results from resource RC drilling confirmed that the entire Mount Flora hill was mineralised, and the recently discovered Quarry lode mineral system would join up with that resource,… ...

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Jun 01, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates on QCoal, MMG, Castillo Copper, Red Fox Resources and more in this week’s exploration, mining and processing briefs. MMG launches share placement Dugald River mine operator MMG has announced a $US300 million ($AU387.5 million) new share placement to strengthen the company’s balance sheet and to step into its next phase of growth. “MMG’s strategy… ...

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May 31, 2021
Canadian research cracks secret of bonanza gold veins

Canadian research cracks secret of bonanza gold veins

Bonanza gold deposits form in a process similar to milk souring, according to researchers from Canada’s McGill University. McGill Department of Earth and Planetary Sciences Professor Anthony Williams-Jones  and PhD student Duncan McLeish set out to understand the rapid formation of rare hyper-enriched gold deposits. Their findings should help mineral exploration companies worldwide...

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May 28, 2021
Aeon starts exploration in new Walford Creek strategy

Aeon starts exploration in new Walford Creek strategy

Aeon Metals has started an exploration program at its flagship Walford Creek copper-cobalt project in North-West Queensland. The targeted expansion of mineral resource estimates is one of the two pillars of Aeon’s strategy to enhance Walford Creek project economics. The second focuses on processing, with the adoption of a bulk sulphide flotation and pressure oxidative… ...

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May 27, 2021
Minotaur launches IP survey at Pyramid

Minotaur launches IP survey at Pyramid

Minotaur Exploration has launched its first IP geophysical survey at the Pyramid gold project, 180km south of Townsville, after promising drill results. Sixteen lines of Induced Polarisation (IP) geophysical data will be collected along 3km of the Gettysberg Fault corridor between the Marrakesh and Pradesh prospects. It comes after recent drilling returned intercepts including 33m… ...

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May 25, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates from Centrex Metals, Zenith Minerals, Ausmex, Aeon Metals, Pure Hydrogen and State Gas in this week’s exploration, mining and processing briefs. Mencel takes the helm at Centrex The company behind the Ardmore phosphate project in North-West Queensland has a new chief executive officer. Robert Mencel is an engineering and mining executive with more than… ...

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May 24, 2021
Winds of change for Hurricane gold tenements

Winds of change for Hurricane gold tenements

New Energy Minerals plans to kick off an exploration campaign as soon as possible after taking on the Hurricane gold and antimony project in Far North Queensland. The company has a conditional agreement to acquire project owner Placer Gold, subject to shareholder approval. It is also about to launch a capital raising of $5 million… ...

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