Introduction: The mining industry has seen a flurry of activity, with recent updates from Hammer Metals, Kingston Resources, R3D, and other key players. This briefing covers significant developments across various projects, providing a snapshot of the sector's dynamic landscape.
Hammer Metals: Progress at Hardway Prospect Hammer Metals reports promising results from RC drilling at the Hardway prospect in Queensland. The company found a mix of broad, shallow copper and is now considering diamond drilling to explore deeper, potentially higher-grade sulphide systems. Highlights include 47m at 1% copper from 14m and an 88m stretch at 0.62% copper from the surface.
Kingston Resources: Mineral Hill Operations Kingston Resources experienced a 15% decrease in tailings processing at Mineral Hill for the September quarter, resulting in 4229 ounces. Despite a rise in all-in sustaining costs and a dip in recoveries, the grade exceeded expectations. The generated sales are aiding the funding for the commencement of open-pit mining, with plans to recommission the mill by mid-2024.
Rumble Resources: Discovery at Mato Prospect Rumble Resources' RC drilling confirmed the Mato prospect in Western Australia's Earaheedy Basin as its latest discovery. The company noted the potential for substantial resource increase, with the mineralizing system remaining open in all directions.
R3D Resources: Tartana Copper Sulphate Operation Production at R3D Resources' Tartana copper sulphate operation in Queensland has surpassed 4tpd, aiming for 8tpd by year-end. The company expects positive cash flow within nine months.
Western Mines Group: Mulga Tank Complex Western Mines Group's drilling at the Mulga Tank complex in Western Australia hints at a significant discovery, with notable nickel sulphide grades found.
Antilles Gold: Copper Encounters at El Pilar Antilles Gold's drilling at the El Pilar project in Cuba has revealed more copper in both oxide and sulphide domains, with promising pXrf readings across various zones.
LCL Resources: Gold and Nickel Discoveries LCL Resources has not only defined a new gold zone at Kusi but also claims to have most or all nickel sulphide targets within its portfolio in Papua New Guinea. The company has identified three prospects and developed a hydrothermal nickel model for future targeting.
Chrysos Corporation: Partnership with Barrick Gold and MSALABS Assay technology firm Chrysos Corporation is joining forces with Barrick Gold and laboratory business MSALABS for the deployment of PhotonAssay machines at the Nevada Gold Mines complex.
Ark Mines: Rare Earths and Scandium at Sandy Mitchell Ark Mines confirms the presence of rare earths and scandium at its Sandy Mitchell project in Queensland, with drilling showing mineralization in all holes assayed so far.
Many Peaks Gold and Dalaroo Metals: Significant Finds Many Peaks Gold has defined a substantial strike with high-grade TREO at the Odyssey project in Labrador, Canada. Meanwhile, Dalaroo Metals has recovered high-grade copper rock chips at its Lyons River project in Western Australia.
James Bay Minerals: Spodumene Crystals Discovery James Bay Minerals appears to have confirmed spodumene crystals at its Aero project, with assays from sampling pending.
Conclusion:
These updates showcase the dynamic and diverse developments unfolding across the mining industry, with companies making significant strides in exploration, resource definition, and project advancement. The progress reported today reflects the sector's resilience and potential for growth, underlining its critical role in supplying essential minerals for the global economy.
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