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Industry News

Jun 09, 2021
New Century continues Silver King push as  results shine

New Century continues Silver King push as results shine

New Century Resources is extending its drilling program at Silver King after high-grade results including ‘exceptional’ silver assays of up to 1005g/t. The company is weighing up the near-term development of Silver King and the East Fault Block into mining operations within its Century project in North-West Queensland, and is targeting a final investment decision… ...

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Jun 09, 2021
Power project key to unlocking $742b resource wealth

Power project key to unlocking $742b resource wealth

A $742 billion minerals treasure chest in Queensland’s North West Minerals Province will not be unlocked without access to more affordable and reliable electricity, according to energy infrastructure company CuString. Speaking ahead of the Mining and Resources Industry Forum (MRIF) in Townsville today, CuString executive chairman John O’Brien said he was calling on Queensland and… ...

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Jun 08, 2021
Copper miner 29Metals launches $528m IPO

Copper miner 29Metals launches $528m IPO

Capricorn Copper owner 29Metals has lodged a prospectus for a $527.8 million initial public offering, as it reveals plans to boost production across its copper assets by more than 50 per cent over five years. The company lists copper-focused assets including the producing Golden Grove mine in Western Australia, the producing Capricorn Copper mine in… ...

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Jun 08, 2021
Global players back NQ’s TECH project

Global players back NQ’s TECH project

Battery maker LG Energy Solution and Korean steel producer POSCO are backing Townsville’s TECH project to the tune of more than $19 million ($US15 million). They have entered into a binding agreement for equity investment in TECH proponent Queensland Pacific Metals, as well as binding offtake agreements for 10,000 tonnes contained nickel and 1000 tonnes… ...

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Jun 07, 2021
BHP invests in ‘green copper’ future

BHP invests in ‘green copper’ future

BHP’s venture capital unit is among the industry heavyweights backing a $US50 million financing round for a company boasting a breakthrough copper extraction technology. Jetti Resources said it had secured funding to support the rapid deployment of its technology in a funding round led by existing strategic investor Mitsubishi Corporation and attracting new investors including… ...

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Jun 07, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates on Cannindah Resources, Red River Resources, Metro Mining, Duke Exploration and more in this week’s exploration, mining and processing briefs. Piccadilly drilling program underway Cannindah Resources kicked off drilling at its Piccadilly gold project, 60km north of Charters Towers, over the weekend. The initial program will cover about 23 locations with more than 2500m… ...

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Jun 07, 2021
Mining and METS power prosperity

Mining and METS power prosperity

Australia’s world-class minerals and mining equipment, technology and services (METS) sectors are powerhouse contributors to Australia’s ongoing prosperity, according to analysis by Deloitte Access Economics. Economic Contribution of the Mining and METS sector: Australian estimates found that the sector generated $241.9 billion in value added to the national economy in 2019-20, representing approx...

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Jun 07, 2021
Metal Bank eyes copper-cobalt opportunity

Metal Bank eyes copper-cobalt opportunity

Metal Bank is staking its claim in the battery metals sphere with an earn-in deal for the Millennium copper, cobalt and gold project in the Mount Isa region. The Global Energy Metals Corporation project, about 19km from the Rocklands mine site, holds an inferred 2012 JORC resource of 5.9MT at 1.08 per cent copper equivalent… ...

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Jun 07, 2021
Stars align for mining development boom

Stars align for mining development boom

A conjunction of events is leading to a supercell of mining development in North-West Queensland. Queensland Resources Council economic policy director Andrew Barger said many of the boxes were ticked.  Demand for critical and new economy minerals, backed by the release of more than 160 years of geological data combined with cutting-edge research, was set… ...

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