BHP has teamed up with Encounter Resources in a deal that could see it spend up to $22 million on a Northern Territory copper project. The Big Australian has entered an option agreement with Encounter covering the 4500 sq km Elliott copper project. Elliott was first identified by analysing new datasets generated by Geoscience Australia, as part of the Federal Government’s Exploring for the...
Minotaur Exploration has raised more than $2 million towards projects including its new Pyramid gold asset in North Queensland. It had targeted $1 million in a share purchase plan that closed last week, but received applications of $3.4 million. The company said it acknowledged the strong expression of support by electing to increase the SPP size to $2.1 million. “This is a very gratifyi...
Hammer Metals is running an eye over the gold exploration potential within its Mount Isa project areas as prices remain strong. The company has focused primarily on exploring for large scale Iron Oxide Copper Gold (IOCG) systems in the region and says there is potential for significant gold mineralisation within its tenure. “The gold exploration review highlights the latent opportunit...
Diatreme Resources says results from exploration drilling undertaken latelast month have highlighted the Galalar silica project’s potential for further expansion. The drilling program comprised 44 air‐core drill holes for 835m, with some 2000kg of bulk samples collected from the preliminary mine plan footprint. It also featured exploration drilling outside the current resource, with n...
Pelican Resources has swooped in to snap up exploration company XXXX Gold, which holds a tidy portfolio of copper and gold projects in North and Central Queensland. It comes just a week after settlement on XXXX Gold’s acquisition of the Triumph gold project, 50km south of Gladstone, from Metal Bank for a potential $6.4 million plus 1 per cent royalties. The XXXX Gold assets also inclu...
Zenith Minerals is looking at options to accelerate activities at the Red Mountain gold project, including mobilising a diamond drill rig to site, after further high-grade results. Step-out reverse circulation drilling in a program of 31 holes is continuing on site with recent results including 12m at 8.9 g/t gold from 68m depth (including 4m at 25.9 g/t gold). The company says high-grade...
Lady Annie owners Austral Resources have their eye to the future with work underway to potentially exploit the operation’s large sulphide ore resource. It comes on top of a new copper mining operation due to commence at their Anthill deposit and planned exploration work in the region. “We have a further 10-year potential with sulphide resources which we are currently exploring,”...
The Queensland Resources Council is urging the State Government to commit extra funding from its $3 billion COVID-19 stimulus package to a key exploration initiative. QRC chief executive Ian Macfarlane said the Collaborative Exploration Initiative (CEI), including the recent $10 million round matching industry investment, was paying dividends for Queensland. “Exploration spending in Queensl...
Superior Resources has released the first assay results from a scoping study resource drilling program at its Steam Engine gold project near Greenvale in North Queensland. The first results come from 28 shallow reverse circulation holes, which the company says all returned significant gold mineralisation. “With this initial batch of assays all returning excellent gold mineralisation from ne...
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