Latest news with #Caldeira
Herald Sun
31-07-2025
- Business
- Herald Sun
PEC to drill-test Raptor REE
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Perpetual plans deeper drilling across Raptor prospects to support maiden JORC resource estimate Program will follow-up on auger drilling that returned high-grades of magnet REE-rich mineralisation Company will also advance detailed metallurgical testwork and mineralogical characterisation Special Report: Perpetual Resources is finalising plans for the next phase of drilling targeting depth extensions at the Portão Verde, Pina Colada and Pinheirinho prospects of its Raptor rare earths project in Brazil. This program will be designed to fully assess broader project-scale potential to support a maiden JORC resource estimate. Perpetual Resources (ASX:PEC) intends for the follow-up aircore holes to be drilled to depths of 30-40m to follow previous shallow auger holes demonstrating that mineralisation is open at depth. This program will assess mineralisation at depth and test its full extent across the project to understand the volume potential. Notable previous assays from the earlier drilling, which was limited by handheld auger capacity, include: 5m grading 5591ppm total rare earth oxides (35% neodymium and praseodymium) ending in 5533ppm TREO; and 12m at 4601ppm TREO (23% NdPr) ending in 2914ppm TREO. Metallurgical testing by ANSTO has also recovered up to 94% for key magnet REEs. Highlights from metallurgical testwork following maiden drilling. Pic: Perpetual Resources Raptor project The Raptor project sits within the world-class Caldeira Alkaline Complex in Minas Gerais, a region that is rapidly emerging as a globally significant hub for ionic adsorption clay-hosted REEs. It is close to Meteoric Resources' (ASX:MEI) Caldeira project, which has a resource of 1.5Bt at 2359ppm TREO and Viridis Mining and Minerals' (ASX: VMM) Colossus project. Both projects have recently attracted substantial government grant funding and institutional equity support – underscoring growing national and global interest in the district's critical minerals potential. PEC's upcoming drill program will investigate new high-priority targets across the broader project area. The company will also advance detailed metallurgical test work and mineralogical characterisation to support future development studies and underpin Raptor's positioning as a potential long-term supplier of critical rare earths. This article was developed in collaboration with Perpetual Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Perpetual Resources gears up for REE resource drilling at Raptor
West Australian
09-07-2025
- Business
- West Australian
Viridis forecasts world's lowest-cost rare earths project in Brazil
Viridis Mining & Minerals has dropped an industry-leading prefeasibility study (PFS) for its flagship Colossus rare earths project in Brazil, unveiling economics that position it as one of the most financially robust and lowest-cost rare earths operations globally. With a pre-tax net present value of US$1.41 billion (A$2.14 billion) and a potentially cheapest-in-class operating cost, Colossus looks a chance to redefine the Western rare earths supply chains despite depressed rare earths pricing. The company's PFS projects a staggering US$5.64 billion (A$8.62 billion) in total revenue over a 20-year mine life at a what it says is a conservative base case price of US$90 a kilogram for the high demand battery metals neodymium-praseodymium. Even at today's depressed spot price of US$63/kg, the project delivers an impressive US$2.568 billion (A$3.89 billion) in cashflow, underscoring its resilience across market cycles. Annual operating cashflow is forecast at US$197 million (A$298 million) in the base case, soaring to US$260 million (A$394 million) under an upside scenario of US$111/kg neodymium-praseodymium. The figures project a juicy bump up from Viridis' tabled scoping study earlier this year. Driven by optimised mine planning and reduced capital costs, the new figures deliver a staggering 65 per cent improvement on the preliminary scoping study numbers. Initial capital expenditure is estimated at a lean US$286 million (A$434 million), with total capex coming in at US$358 million (A$542 million). Operating costs are where Colossus truly shines. With a C1 operating cost of just US$6.20/kg total rare earth oxides (TREO) and an all-in sustaining cost of US$9.30/kg, the project would sit firmly as the lowest cost producer of rare earths globally. The cost advantage stems from the project's true ionic adsorption clay mineralisation, enabling a simple ammonium sulphate leaching process with high recoveries from very low intensity acid inputs. The PFS evaluates a 5 million tonne per annum production facility, targeting high-grade mineral rare earth oxide (MREO) deposits in the project's Northern Concessions and Cupim South tenements. Annual production is expected to yield 9448 tonnes TREO, including 3518 tonnes of high-value MREO, with a premium basket price of US$43/kg TREO. As its name would portent, Colossus is not some small-scale, low-cost, low-capex rare earths project. The resource hosts a compelling 493Mt at 2508 parts per million (ppm) TREO, with 601ppm MREO, of which only 20 per cent is utilised in the PFS' immense 20-year mine life. Despite Viridis' modest $50 million market cap its study figures compare very favourably to Brazil rare earths kin and $250 million plus market cap Meteoric Resources. Colossus stands shoulder-to-shoulder with Meteoric's Caldeira project as a potential global leader in ionic clay rare earths. With Viridis' study showcasing similarly benchmark low operating costs and an even lower capex of US$358 million vs. Caldeira's US$400–420 million. The company says a large play card for its lowest operating cost mining potential is the project's access to a 100 per cent from hydro and solar-power grid, coupled with its proximity to established infrastructure in the Brazilian municipality of Poços de Caldas. Viridis says it is deep in advanced offtake and financing discussions, with the project's premium MREC product, which is low in impurities and rich in MREO attracting significant interest from global refineries. As geopolitical tensions underscore the need for non-Chinese rare earth supplies, Viridis is emerging as a linchpin in the Western critical minerals landscape. With unmatched economics, a scalable resource and a de-risked development pathway, Colossus looks set to become a cornerstone of global rare earth production. Is your ASX-listed company doing something interesting? Contact:
The Sun
22-05-2025
- Politics
- The Sun
Venezuelans in limbo as US court ends deportation protection
DORAL: Denis Caldeira says he is in legal limbo since the US Supreme Court let the Trump administration strip him and 350,000 other Venezuelans of a special legal status that shielded them from deportation. 'I have to go out and work. I can't stay shut in at home. Obviously I am afraid but there is nothing I can do,' Caldeira, who has been in the US for four years, said in the Miami suburb of Doral, where 40 percent of the population is from Venezuela. Caldeira, a 47-year-old employee of an export company, had temporary protected status (TPS), which can be granted to foreign citizens who cannot safely return home because of war, natural disasters or other 'extraordinary' conditions. Joe Biden extended TPS for Venezuelans for 18 months just days before Trump returned to the White House in January, citing economic and other crises in the South American country under authoritarian socialist ruler Nicolas Maduro. Maduro is accused of stealing Venezuela's last election to start a third six-year term in power. He has presided over the collapse of the oil-rich country's economy, which is saddled with shortages of food, medicine and other basics. Millions have fled in recent years. But Trump -- whom many Americans of Venezuelan heritage voted for in the 2024 election -- revoked the TPS extension while an appeal proceeds in a lower court. A judge in California put a stay on the administration's plans in March. But on Monday the Supreme Court voted to let Trump proceed and eliminate TPS protection for Venezuelans. 'Since his term started there has been a kind of persecution of Venezuelans in particular,' Caldeira told AFP as he sat in El Arepazo, a popular Venezuelan restaurant in Doral. The city, where Trump operates a golf course, is known locally as Doralzuela because it is home to so many Venezuelans. Sitting around Caldeira, many people said they do not understand how Trump included them in his aggressive campaign to rid America of undocumented migrants. 'Most Venezuelan-Americans voted for him thinking he was going to be much tougher against the Maduro regime, that he was going to remove him from power -- not that he would end up removing Venezuelans from the United States,' said Jose Antonio Colina, president of an organization of Venezuelan exiles. 'There is a huge contradiction because if the US intelligence services assessed that Venezuela is a country where human rights are not respected, how can he send back there thousands of people who left precisely due to political persecution,' Colina mused. Maduro himself criticized the Trump administration's insistence on removing TPS for Venezuelans. 'Migrating is not a crime. Removing TPS is a crime,' Maduro said. Future up in the air Keyla Mendez is not among the Venezuelans whose TPS status expired in April. Hers lasts until August but after the Supreme Court decision she is worried about the future. 'We have formed a family here. We have made progress. We have created a bond,' said Mendez, 55, who works for a law firm. 'My children are studying. They want their future to be here. They are afraid of going back. We left a situation that was very bad in our country,' she added. Most Venezuelans interviewed by AFP said it is hard to think about having to leave a country where they not only found refuge, but also worked hard to get ahead. 'We had hoped that this whole process of cleansing would be against the people who deserved it, not against us,' said Oli Garcia, 42, who runs a printing company in Doral. 'We have contributed a lot. I want more businesses and I want to grow more,' said Garcia. 'But now I don't know what to do. I don't know what is going to happen. I don't know if I will actually end up growing here or in the end I will have to leave.'
The Sun
22-05-2025
- Politics
- The Sun
Venezuelans in Doral Fear Deportation After TPS Ruling
DORAL: Denis Caldeira says he is in legal limbo since the US Supreme Court let the Trump administration strip him and 350,000 other Venezuelans of a special legal status that shielded them from deportation. 'I have to go out and work. I can't stay shut in at home. Obviously I am afraid but there is nothing I can do,' Caldeira, who has been in the US for four years, said in the Miami suburb of Doral, where 40 percent of the population is from Venezuela. Caldeira, a 47-year-old employee of an export company, had temporary protected status (TPS), which can be granted to foreign citizens who cannot safely return home because of war, natural disasters or other 'extraordinary' conditions. Joe Biden extended TPS for Venezuelans for 18 months just days before Trump returned to the White House in January, citing economic and other crises in the South American country under authoritarian socialist ruler Nicolas Maduro. Maduro is accused of stealing Venezuela's last election to start a third six-year term in power. He has presided over the collapse of the oil-rich country's economy, which is saddled with shortages of food, medicine and other basics. Millions have fled in recent years. But Trump -- whom many Americans of Venezuelan heritage voted for in the 2024 election -- revoked the TPS extension while an appeal proceeds in a lower court. A judge in California put a stay on the administration's plans in March. But on Monday the Supreme Court voted to let Trump proceed and eliminate TPS protection for Venezuelans. 'Since his term started there has been a kind of persecution of Venezuelans in particular,' Caldeira told AFP as he sat in El Arepazo, a popular Venezuelan restaurant in Doral. The city, where Trump operates a golf course, is known locally as Doralzuela because it is home to so many Venezuelans. Sitting around Caldeira, many people said they do not understand how Trump included them in his aggressive campaign to rid America of undocumented migrants. 'Most Venezuelan-Americans voted for him thinking he was going to be much tougher against the Maduro regime, that he was going to remove him from power -- not that he would end up removing Venezuelans from the United States,' said Jose Antonio Colina, president of an organization of Venezuelan exiles. 'There is a huge contradiction because if the US intelligence services assessed that Venezuela is a country where human rights are not respected, how can he send back there thousands of people who left precisely due to political persecution,' Colina mused. Maduro himself criticized the Trump administration's insistence on removing TPS for Venezuelans. 'Migrating is not a crime. Removing TPS is a crime,' Maduro said. Future up in the air Keyla Mendez is not among the Venezuelans whose TPS status expired in April. Hers lasts until August but after the Supreme Court decision she is worried about the future. 'We have formed a family here. We have made progress. We have created a bond,' said Mendez, 55, who works for a law firm. 'My children are studying. They want their future to be here. They are afraid of going back. We left a situation that was very bad in our country,' she added. Most Venezuelans interviewed by AFP said it is hard to think about having to leave a country where they not only found refuge, but also worked hard to get ahead. 'We had hoped that this whole process of cleansing would be against the people who deserved it, not against us,' said Oli Garcia, 42, who runs a printing company in Doral. 'We have contributed a lot. I want more businesses and I want to grow more,' said Garcia. 'But now I don't know what to do. I don't know what is going to happen. I don't know if I will actually end up growing here or in the end I will have to leave.'
Yahoo
22-05-2025
- Politics
- Yahoo
Venezuelans in limbo as US court ends deportation protection
Denis Caldeira says he is in legal limbo since the US Supreme Court let the Trump administration strip him and 350,000 other Venezuelans of a special legal status that shielded them from deportation. "I have to go out and work. I can't stay shut in at home. Obviously I am afraid but there is nothing I can do," Caldeira, who has been in the US for four years, said in the Miami suburb of Doral, where 40 percent of the population is from Venezuela. Caldeira, a 47-year-old employee of an export company, had temporary protected status (TPS), which can be granted to foreign citizens who cannot safely return home because of war, natural disasters or other "extraordinary" conditions. Joe Biden extended TPS for Venezuelans for 18 months just days before Trump returned to the White House in January, citing economic and other crises in the South American country under authoritarian socialist ruler Nicolas Maduro. Maduro is accused of stealing Venezuela's last election to start a third six-year term in power. He has presided over the collapse of the oil-rich country's economy, which is saddled with shortages of food, medicine and other basics. Millions have fled in recent years. But Trump -- whom many Americans of Venezuelan heritage voted for in the 2024 election -- revoked the TPS extension while an appeal proceeds in a lower court. A judge in California put a stay on the administration's plans in March. But on Monday the Supreme Court voted to let Trump proceed and eliminate TPS protection for Venezuelans. "Since his term started there has been a kind of persecution of Venezuelans in particular," Caldeira told AFP as he sat in El Arepazo, a popular Venezuelan restaurant in Doral. The city, where Trump operates a golf course, is known locally as Doralzuela because it is home to so many Venezuelans. Sitting around Caldeira, many people said they do not understand how Trump included them in his aggressive campaign to rid America of undocumented migrants. "Most Venezuelan-Americans voted for him thinking he was going to be much tougher against the Maduro regime, that he was going to remove him from power -- not that he would end up removing Venezuelans from the United States," said Jose Antonio Colina, president of an organization of Venezuelan exiles. "There is a huge contradiction because if the US intelligence services assessed that Venezuela is a country where human rights are not respected, how can he send back there thousands of people who left precisely due to political persecution," Colina mused. Maduro himself criticized the Trump administration's insistence on removing TPS for Venezuelans. "Migrating is not a crime. Removing TPS is a crime," Maduro said. - Future up in the air - Keyla Mendez is not among the Venezuelans whose TPS status expired in April. Hers lasts until August but after the Supreme Court decision she is worried about the future. "We have formed a family here. We have made progress. We have created a bond," said Mendez, 55, who works for a law firm. "My children are studying. They want their future to be here. They are afraid of going back. We left a situation that was very bad in our country," she added. Most Venezuelans interviewed by AFP said it is hard to think about having to leave a country where they not only found refuge, but also worked hard to get ahead. "We had hoped that this whole process of cleansing would be against the people who deserved it, not against us," said Oli Garcia, 42, who runs a printing company in Doral. "We have contributed a lot. I want more businesses and I want to grow more," said Garcia. "But now I don't know what to do. I don't know what is going to happen. I don't know if I will actually end up growing here or in the end I will have to leave." gma/arm/mr/dw/acb
