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Exploration

Jul 21, 2021
Barkly region mineral results shine

Barkly region mineral results shine

Resource companies are seeing some very promising results in Tennant Creek and the broader Barkly region, supported by new geoscience data and exploration grants, the Northern Territory Government says. The government in April announced that from July 1, 2022, funding for the Resourcing the Territory initiative would be increased from $6.5 million to $9.5 million… This content is for iQ Ind...

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Jul 21, 2021
New Rover field records released

New Rover field records released

New records have been released as part of a Northern Territory Geological Survey-Geoscience Australia collaboration to improve understanding of the regional geological framework and resource potential of the Rover field. The Rover field is described as area of prospective Paleoproterozoic geology south-west of Tennant Creek that is entirely concealed below younger sedimentary cover, and which̷...

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Jul 19, 2021
Aeon raises cash as Walford Creek study continues

Aeon raises cash as Walford Creek study continues

Walford Creek proponent Aeon Metals is raising up to $12.5 million through a share placement and a share purchase plan. The proceeds will help cover ongoing pre-feasibility study activities on the North West Queensland copper-cobalt project, which are scheduled for completion in the first quarter of 2022. The company also listed ongoing extensional and infill… This content is for iQ Industr...

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Jul 19, 2021
GBM seals deal on Twin Hills gold project

GBM seals deal on Twin Hills gold project

GBM Resources is moving further towards its goal of becoming a mid-tier Australian gold company with what it describes as the transformational acquisition of the Twin Hills project in North Queensland. GBM has has signed a binding tenement sale agreement to acquire the project from a subsidiary of Pajingo mine owner Minjar Gold. “This transformational… This content is for iQ Industry ...

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Jul 15, 2021
Metal Bank ready to drill at Millennium

Metal Bank ready to drill at Millennium

Metal Bank has started exploration as part of its six-month exclusive option to earn into the Millennium copper, cobalt and gold project in North West Queensland. After field reconnaissance and mapping this month, the company is progressing and finalising an RC drill program to test the northern extensions of the project. Drilling is scheduled to… This content is for iQ Industry Queensland,...

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Jul 14, 2021
Budget approved for Cloncurry exploration

Budget approved for Cloncurry exploration

GBM Resources says an exploration budget of $750,000 has been approved for its Cloncurry farm-in projects, with field work expected to commence in the next quarter. The joint venture partners are targeting copper and gold in the region north of Glencore’s Ernest Henry Mine, including the Mount Margaret and Bungalien projects. Nippon Mining of Australia,… This content is for iQ Industry Quee...

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Jul 14, 2021
Case builds for Silver King open-pit potential

Case builds for Silver King open-pit potential

The latest results from drilling at New Century Resources’ Silver King deposit have boosted the potential for a broader mining complex in the area, the company says. The Century mine operator is aiming for a final investment decision in the third quarter of this year for the development of potential mining operations at Silver King… This content is for iQ Industry Queensland, iQ Coal,...

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Jul 14, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates on Mount Carbine, Bundarra exploration, Mount Chalmers, Thalanga operations and more in this week’s exploration, mining and processing briefs. High-grade results at Mount Chalmers Final assays from the maiden diamond drilling program at Mount Chalmers near Rockhampton have returned outstanding copper, gold and polymetallic results, QMines reports. It comes after DDH1 Drilling completed an&...

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Jul 13, 2021
QX confirms gold extensions at Lucky Break

QX confirms gold extensions at Lucky Break

QX Resources is keen to drill further after high-grade intercepts in a 1512m program at the Lucky Break prospect within its Clermont gold project. Twenty-two reverse circulation holes were drilled to test strike and depth extensions of mineralisation at the former Lucky Break mine, with results including 2m at 8.98 g/t gold (including 1m at… This content is for iQ Industry Queensland, iQ Co...

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