All in Mining

Brilliant gold hits for Focus Minerals

Shares in West Australian gold explorer Focus Minerals (ASX: FML) are up more than 5% on news of several high-grade intercepts from RC drilling at Brilliant North, part of the company's Coolgardie gold project. All five RC holes intersected significant gold mineralisation, with hits including 36m at 6.36 grams per tonne from 186m and 45m at 3.15gpt from 63m. Notwithstanding the strong hits at Coolgardie, Focus' priority is the highly prospective Laverton Gold Project, which includes the Lancefield, Chatterbox Trend, Sickle, Ida-H and Karridale-Burtville deposits and targets.

Higher grades boost Tribune gold production

A 46% increase in head grade to 11.21g/t Au at Raleigh underground was behind a solid production quarter for Tribune from the EKJV. Attributable gold production of 25,590oz for the quarter at a very healthy $449/oz operating cost. In The Philippines, prep work continued ahead of diamond drilling at Diwalwal in October.

Mineral Resources sets sale price for Mt Marion 6% lithium concentrate

Leading mining services and mining company Mineral Resources (ASX: MIN) says 6% spodumene concentrate shipments from its half-owned Mt Marion lithium project south of Kalgoorlie will be priced at $US608.95 per dry tonne during the September quarter. The price is down from $US682.38/t received in the June quarter, another sign of the tough trading conditions facing the entire ASX-listed lithium sector. Despite the softer price, MinRes said that Mt Marion remained "a profitable and highly valuable long-life lithium asset" for the company.

St George completes $3.3m raise, set to resume nickel sulphide drilling at Mt Alexander

Growth-focused nickel company St George Mining (ASX: SGQ) expects to resume drilling at its high-grade Mt Alexander nickel-sulphide project in the Goldfields this week after completing a $3.3 million institutional-led share placement. The latest raising was done at 10c per share. A diamond drill rig has arrived at Mt Alexander and is getting set to drill a large number of electromagnetic. “It’s an exciting time to be expanding exploration activities at Mt Alexander with heightened investor interest in the nickel sulphide market,” executive chairman John Prineas said.