Esmarie Iannucci

https://staging1.creamermedia.com/

Esmarie Iannucci

Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.

AGC welcomes new major shareholder

21st September 2023 Junior Australian Gold and Copper (AGC) has unveiled a major new shareholder in Hong Kong-based Delin Mining Group Corporation. AGC on Thursday revealed a A$10.1-million investment from Delin, with the company subscribing for more than 122.2-million new shares at a price of 8.2c each. →

Invictus raises A$15m for Zim gas hunt

21st September 2023 ASX-listed Invictus Energy will raise A$15-million in a share placement from sophisticated and institutional investors to fund the upcoming Mukuyu-2 exploration campaign, in Zimbabwe. The company will issue some 100-million new shares at a price of 15c each, with the issue price representing a... →

South32 secures more gas for Cannington

21st September 2023 Diversified miner South32 has secured gas for its Cannington base metals operation, in Queensland, extending gas supply agreements (GSAs) with ASX-listed Central Petroleum and New Zealand Oil and Gas. New Zealand Oil & Gas on Thursday announced that it would extend its current GSA with Cannington... →

BHP marks three-billion tonnes to China

21st September 2023 Major BHP has marked three-billion tonnes of iron-ore exports to China. “BHP’s relationships with our customers in China have been fundamentally important to our company over the past 50 years,” said BHP Chief Commercial Officer Vandita Pant. →

BBX raises funds for Brazil exploration

20th September 2023 Junior BBX Minerals will raise A$6-million to fund a rare earth exploration (REE) programme in Brazil. The ASX-listed company has received firm commitments for the placement of more than 222.2-million shares, at a price of 2.7c each, from sophisticated and professional investors. →

Cape Hardy tops Northern Water destination

20th September 2023 ASX-listed Iron Road on Wednesday welcomed independent findings provided to Infrastructure South Australia that showed the Cape Hardy site was the best performing site for the proposed large-scale Northern Water desalination project. The Northern Water project aims to provide a new,... →

ACCC predicts east coast gas surplus in 2024

20th September 2023 The Australian Competition and Consumer Commission (ACCC) has revealed that Australia’s east coast gas market should have a 1.4 petajoule (PJ) surplus in the first quarter of 2024, even if the liquefied natural gas (LNG) producers export all their uncontracted gas. In its interim gas inquiry... →

KGL appoints CEO and COO

20th September 2023 ASX-listed KGL Resources has appointed Nicholas Spencer as CEO to lead the development of the Jervois copper project, in the Northern Territory. Spencer has over 30 years mining experience and has a track record of successfully developing and operating mining projects. He has worked in... →

Besra to receive first cash from $300m funding facility

20th September 2023 Gold developer Besra Gold on Wednesday announced that all of the conditions precedent to a $300-million gold purchase agreement with shareholder Quantum Metal Recovery, had now been satisfied. The company earlier unveiled the funding deal under which $300-million would be paid over 30 months... →

Santos announces farm-downs in Alaska

20th September 2023 Oil and gas major Santos has announced plans to farm down half of its working interest in 148 exploration leases, covering more than 270 000 acres of land, on the Alaska North Slope in an agreement with APA Alaska LLC1 and Lagniappe Alaska LLC2. The company told shareholders on Wednesday that the... →

Blue Energy stumbles on approvals decline

20th September 2023 The share price of ASX-listed Blue Energy fell nearly 16% on Wednesday after the Queensland Department of Resources declined to grant the company nine potential commercial area (PCA) applications over its ATP813 project in the Galilee Basin. Blue had drilled six exploration core holes in the... →

Alligator Energy raises cash for uranium hunt

20th September 2023 ASX-listed Alligator Energy will raise A$25.5-million in a share placement to institutional and sophisticated investors to fund work at its Samphire uranium project, in South Australia. The company on Wednesday said it had received firm commitments for the placement of 491-million shares, at a... →

EcoGraf taps Tanzania for possible downstream development

19th September 2023 ASX-listed EcoGraf on Tuesday said it was finalising a preferred site for a potential unpurified spherical graphite (SPG) and fines facility in Tanzania, after an independent study confirmed the economic opportunity. The company told shareholders that its Tanzanian mechanical shaping study had... →

DRA tasked to save costs at Makuutu

19th September 2023 Rare earths developer Ionic Rare Earths has appointed engineering and project house DRA Global to review the definitive feasibility study (DFS) for the Makuutu rare earths project, in Uganda. Ionic said on Tuesday that the company was hoping to identify opportunities for cost efficiencies, time... →

Makuutu project drill cores

Comet Ridge cements first offtake at Mahalo

19th September 2023 ASX-listed Comet Ridge has signed its first gas sales agreement for the Mahalo gas hub, inking a seven-year agreement with Queensland-owned CleanCo. CleanCo will take 3PJ a year of natural gas from the Mahalo Gas hub, with the total contract volume ranging between 21 PJ and 25 PJ, with supply... →

EFA throws support behind NiWest

19th September 2023 Integrated battery metals developer Alliance Nickel has received a letter of support from Export Finance Australia (EFA) to provide potential financing for the NiWest nickel/cobalt project, in Western Australia. Subject to EFA board approval, the letter of support could be converted into a... →

Antilles Gold announces corporate review

19th September 2023 ASX-listed Antilles Gold on Tuesday announced a review of the company’s corporate strategy over the next two years, which will consider a number of matters, including the possible divestment of its interest in the proposed La Demajagua and Nueva Saban mines, in Cuba. The review would also... →

New Hope posts solid full year

19th September 2023 Coal miner New Hope Corporation has reported a solid financial year for the year ended July, with net profits after tax and underlying earnings before interest, tax, depreciation and amortisation (Ebitda) both growing. Despite saleable coal production in the 2023 financial year declining to... →

Australian Rare Earths increases Koppamurra resource

19th September 2023 Junior explorer Australian Rare Earths has reported an 84% increase in the resource at its Koppamurra rare earths project in South Australia, with the resource now standing at 186-million tonnes at 712 parts per million total rare earth oxides (TREOs), containing up to 132 000 t of TREOs. “With... →

Nico announces A$7.3m raise

19th September 2023 ASX-listed Nico Resources will raise A$7.3-million in a fully underwritten one-for-five pro rata non-renounceable entitlement offer. The entitlement offer will be priced at 40c a share, representing a 13% discount to Nico’s last closing price, and a 17.3% discount to the company’s five-day... →

Ora Banda completes Lady Ida sale

19th September 2023 Junior Ora Banda Mining has completed the sale of its non-core Lady Ida tenements, in Western Australia. The ASX-listed company earlier this year struck a A$10-million agreement over the tenements, retaining the right to all minerals on the site, other than gold and silver, including certain... →

Newfield issues A$16.9m in new equity

18th September 2023 ASX-listed Newfield Resources has announced a A$16.98-million equity issue consisting of a loan conversion and share placement. The company on Monday announced that it would repay A$13.86-million of an existing loan through the conversion into fully paid ordinary shares in the company, with... →

Perseus adds to Yaouré mine life

18th September 2023 Dual-listed gold miner Persues Mining has extended the mine life at its Yaouré operation, in Côte d’Ivoire, by 12 years to 2035. The ASX- and TSX-listed miner on Monday updated the ore reserve at Yaouré, which now stands at 37.2-million tonnes of ore, grading 1.73 g/t gold for 2.07-million... →

GM approves E25's Louisiana plans

18th September 2023 Automotive giant General Motors (GM) has accepted ASX-listed Element25’s (E25’s) feasibility study for its planned US-based manganese sulphate facility. The acceptance of the feasibility study was a condition of a definitive agreement inked in June this year for the supply of battery-grade... →

AuTECO starts offtake talks for Green Bay

18th September 2023 ASX-listed AuTECO Minerals will initiate offtake and funding discussions for its Green Bay copper/gold project, in Newfoundland, the company said on Monday. The company told shareholders that it had been overwhelmed by the level of inbound inquiries received since announcing it’s a$65-million... →

The Nugget Pond processing facility

Thunderbird commissioning starts

18th September 2023 Commissioning of process plant at the Thunderbird mineral sands project, in Western Australia, is under way with owner Sheffield Resources saying the project was tracking within its original budget of A$484-million. “With commissioning activities well underway at Thunderbird, we are on track to... →

Cyprium raises cash, makes massive management changes

18th September 2023 ASX-listed Cyprium Metals has completed a A$31.6-million capital raise and has announced the appointment of new management. Barry Cahill has resigned from the company’s board and as MD, effective immediately, with Clive Donner appointed as MD, also effective immediately. →

BMA signs new clean power deal

18th September 2023 The BHP Mitsubishi Alliance (BMA) has entered into a new renewable power purchase agreement (PPA) with Queensland’s publicly owned energy generator and retailer CleanCo, which is expected to provide half the forecasted electricity demand of BMA’s Central Queensland operations over five years from... →

Whitehaven confirms talks for BMA assets

18th September 2023 Coal miner Whitehaven Coal has confirmed it was ‘participating in the sale process’ initiated by the BHP Mitsubishi Alliance (BMA) over the Duania and Blackwater metallurgical coal mines in Queensland. Diversified miner BHP has previously flagged plans to divest of the Daunia and Blackwater coal... →

BHP's economic contribution reaches A$60bn in Aus

18th September 2023 Diversified miner BHP contributed A$60-billion in economic value to the Australian economy in the 2023 financial year, of which A$18-billion was spent in taxes, royalties and other payments to the Australian government, bringing the miner’s tax and royalty payments to over A$100-billion in... →

Trigg to acquire Drummond gold project

15th September 2023 ASX-listed Trigg Minerals has struck a deal to acquire the Drummond gold and base metals project in Queensland. The company has entered into a binding acquisition with unlisted mineral explorer Rush Resources, which holds the exclusive rights to purchase the Drummond gold project in a separate... →

Ramelius starts compulsory acquisition of Musgrave

15th September 2023 Gold miner Ramelius Resources has taken a 90% stake in takeover target Musgrave Resources and has started the compulsory acquisition of the remaining shares in the company. Ramelius’ takeover for Musgrave closed on Friday, and will not be extended. →

Woodside advances CCS studies

15th September 2023 Oil and gas major Woodside this week told shareholders that the company was progressing carbon capture and storage (CCS) studies, having signed a memorandum of understanding (MoU) with three Japanese companies to enable studies of a potential CCS value chain between Japan and Australia. Under... →

Essential calls shareholder meeting to vote on Develop bid

15th September 2023 Takeover target Essential metals has called a shareholder meeting on October 18 to vote on the takeover offer from fellow listed Develop Global. The two companies in July this year entered into a binding scheme of implementation deed under which Develop would acquire Essential, offering... →

NSW updates opal legislation

15th September 2023 New South Wales Minister for Natural Resources Courtney Houssos has introduced an amendment to the Mining Bill to parliament to address issues regarding the invalidity of mineral claims associated with opal mining. The Mining Amendment (Mineral Claim – Opals) bill addresses a failure to comply... →

Glencore meets stringent rehabilitation markers in NSW

15th September 2023 The New South Wales government has signed off on diversified miner Glencore’s rehabilitation of some 76 ha of mined land at the Ulan coal mine complex. Glencore said in a statement on Friday that the rehabilitation had met all closure criteria and objectives set by the Department of Planning and... →

Anson ramps up sample production in the US

15th September 2023 Junior Anson Resources is ramping up lithium carbonate production from its sample demonstration plant in Florida, to meet demand from potential offtake partners. The company told shareholders that the ramp-up of the sample production was a key step in Anson’s qualification process with potential... →

Rio donates C$4m to Canadian rail training

15th September 2023 Diversified miner Rio Tinto’s Iron Ore Company of Canada (IOC) has announced a C$4-million donation, over two years to bilingual college Cégep de Sept-Îles in Quebec, for the construction of its new pavilion for training, research and innovation in the railway, industrial maintenance and energy... →

Future Battery Minerals raises cash

15th September 2023 ASX-listed Future Battery Minerals will raise A$7.6-million in a share placement to accelerate exploration at its Kangaroo Hills and Nevada lithium projects. The company on Friday said it had received firm commitments for the placement of more than 75.8-million shares, in two tranches, at a... →

Greatland secures Wyloo funding, defers ASX listing

14th September 2023 Australia’s Wyloo Consolidated Investments has provided Aim-listed metals developer Greatland Gold with a A$50-million unsecured standby debt facility, as Greatland announced the deferral of its ASX listing. Greatland told shareholders that the funding from shareholder Wyloo, which currently... →

Renascor adds to Siviour resource

14th September 2023 ASX-listed Renascor Resources has reported a 25% increase in the mineral resource estimate for its Siviour graphite project in South Australia. Following recent resource expansion drilling, the Renascor mineral resource is now estimated at 123.6-million tonnes, at 6.9% total graphitic carbon for... →

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