All in News

Australian Mines upbeat on latest Sconi results

Australian Mines (ASX: AUZ) has revealed further exceptional near-surface results from its mineral resource extension drilling program at its wholly-owned Sconi cobalt-nickel-scandium project in north Queensland. The resource expansion drilling program has continued to delineate high-grade cobalt and nickel zones across the project area with impressive grades rarely seen.

Core receives mineral lease for Finniss

Emerging lithium developer Core Lithium (ASX: CXO) looks set to become Australia's first lithium producer outside of WA, after being awarded a mineral lease for its Finniss lithium project in the Northern Territory. A historic moment for both Core, the NT Government and the Northern Territory, the mineral lease was awarded three months earlier than expected, with the key regulatory milestone achieved in the lead-up to completion of a DFS for Finniss.

VRX lodges mining lease app for Muchea

Aspiring silica sands miner VRX Silica (ASX: VRX) has lodged an application for its second silica sand mining lease at its Muchea project, located 50km north of Perth. The application includes 92 per cent of the total previously announced mineral resource of 191 million tonnes at 99.6 per cent SiO2, but is expected to increase with deeper drilling.

Aeris eyes 24,500t of copper for FY19

Aeris Resources (ASX: AIS) wrapped up the December quarter with 6,515 tonnes of copper produced over the three months, with higher ore grades being offset by lower tonnes mined and milled compared to the September quarter. Aeris says it expects to produce 24,500t of copper from its Tritton operation by the end of the 2019 financial year.

Core completes $3m raising

Emerging Northern Territory lithium producer Core Lithium (ASX: CXO) has completed a $3 million capital raising after receiving the balance of the placement funds. With mineral resource drilling having recommenced at the Finniss lithium project, the placement funds will help accelerate the delivery of the expanded scope of the definitive feasibility study for the project.

Australian Mines gets $2m Commonwealth grant

Australian Mines (ASX: AUZ) has received a near-$2 million rebate from the Australian Taxation Office on the back of the company's research and development spending during the 2018 financial year. The $1.9 million rebate is on top of a $300,000 rebate received in October, and relates to continued development work at the demonstration-size high-pressure acid leach and solvent extraction plant in Perth.

Golden Rim hits best interception at Red Hill to-date

Emerging West African gold explorer Golden Rim Resources (ASX: GMR) has revealed a new intercept of 10m at 4.1g/t gold at its Red Hill prospect, which is part of its wholly-owned Kouri gold project in Burkina Faso. The intercept was obtained 40m beneath a previous intercept of 11m at 3.4g/t gold from 16m. The results at Red Hill represent the best gold mineralisation located at the prospect to-date.

Aeris intercepts copper mineralisation at Kurrajong

Australian copper producer Aeris Resources Limited (ASX:AIS) has reported high grade copper mineralisation at its Kurrajong prospect, following the completion of its current drill program. lling have intersected further high grade copper mineralisation. Results from the drilling program include 4.5m @ 5.16% Cu, 6.4m @ 4.55% Cu and 3.35m @ 6.51% Cu. The current drill program at Kurrajong is now complete and work is focusing on building a geological interpretation and predictive model, including development of an exploration target model delineating tonnage and Cu grade ranges.