Latest news with #JORC2012
Yahoo
4 days ago
- Business
- Yahoo
Snow Lake Comments on Maiden High Grade Mineral Resource Estimate for the Maybell Uranium Project in Colorado
Winnipeg, Manitoba--(Newsfile Corp. - August 6, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, comments that Global Uranium and Enrichment Limited ("GUE"), in which Snow Lake holds a strategic 19.9% interest, has announced the completion of a JORC 2012 maiden mineral resource estimate at its Maybell uranium project ("Maybell") located in Colorado, United States. Highlights Maybell is a recognised uranium district in Colorado with historical production of 5.3 Mlbs U3O8 over two discrete mining periods GUE has completed a maiden JORC 2012 mineral resource estimate at Maybell1 The resource estimate follows the completion of a successful 31-hole drill program in 2024 Next steps include a follow-up drill program to enhance and expand the mineral resource Full details of the resource estimate can be found in GUE's ASX Announcement of July 30, 20252 Domestic American uranium projects are poised to benefit from increasing demand for electricity, driven by big technology companies' expanding data centers and AI ambitions, together with President Trump's policies on nuclear energy CEO Remarks "As the cornerstone investor in GUE, we are pleased with the announcement of a significant maiden mineral resource estimate at the Maybell uranium project in Colorado," said Frank Wheatley, CEO of Snow Lake. "With a maiden resource estimate at Maybell, coupled with a positive scoping study at the Tallahassee uranium project in Colorado, GUE is beginning to assemble a critical mass of domestic American uranium resources, which are poised to benefit from President Trump's policies on accelerating uranium production to ensure national and energy security." "As a 50/50 joint venture partner with GUE on the Pine Ridge Uranium Project in the Powder River Basin in Wyoming, currently undergoing an aggressive 125,000 ft drill program, we certainly believe we are assembling an exceptional portfolio of American uranium projects that hold the potential to create significant value for Snow Lake shareholders." About Snow Lake Resources Ltd. Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on (NASDAQ: LITM), with a global portfolio of critical mineral and clean energy projects. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States, and the Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba, as well as investments in a number of public companies with critical minerals assets. Learn more at Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law. Contact and InformationFrank Wheatley, CEO Investor RelationsInvestors:ir@ Follow us on Social MediaTwitter: 1 To view the source version of this press release, please visit
Yahoo
30-07-2025
- Business
- Yahoo
Austral Gold Provides Update on Casposo Plant Refurbishment
Casposo Plant refurbishment steadily advancing and nearing completion Commissioning targeted for August 2025 Commercial operations on track to commence during second half of 2025 Sydney, Australia--(Newsfile Corp. - July 29, 2025) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company"), an established gold producer, is pleased to provide an update on the refurbishment of its 100% owned Casposo Plant, following the previous update release on 30 April 2025. Austral Gold's Chief Executive Officer, Stabro Kasaneva, said: "We are pleased with the progress on the refurbishment of the Casposo Plant in Argentina, with commissioning targeted for August 2025. In parallel, our independent consultant continues to advance a technical report prepared that complies with NI 43-101 and JORC 2012 standards to assess the feasibility of processing Casposo's own mineralised material. We remain on track to commence toll processing in November 2025 under the Toll Processing Agreement ("the Agreement") with ASX-listed Challenger Gold." Refurbishment Plant Overview Most of the key activities scheduled for Q2 2025 have been completed, with the remainder underway and expected to be finalised in the first half of August, ahead of commissioning. Status of Q2 2025 planned activities: Primary crusher refurbishment: Completed (Figure 1). SAG mill relining: Underway; expected to be completed with recently arrived materials. SAG engine repair: Completed (Figure 2). Installation of new hydrocyclones: Underway; awaiting vendor's committed delivery date. Engines and reducers for leaching tanks and CCD's repair: Completed (Figure 3). Filter band refurbishment: Underway; all purchased materials received. Modifications and improvement of piping and ducts: Completed. Figure 1: Primary Crusher (Area 100). The Primary Crusher has been completed and is ready for operation. Installation of a sampling tower is currently underway in this area to improve grade control of the material to be sourced from the Hualilán Project. To view an enhanced version of this graphic, please visit: Figure 2: SAG Mill (Area 200). The SAG mill engine, part of the Grinding Circuit, has been repaired, and the inching system was successfully tested. To view an enhanced version of this graphic, please visit: Figure 3: Leaching Tanks (Area 300). The engines and reducers for the leaching tanks and CCDs have been repaired. To view an enhanced version of this graphic, please visit: Main works planned before Commissioning: Finalise SAG mill relining and complete its full installation. Complete Installation of new hydrocyclones. Finalise Filter band refurbishment. Complete testing of the Plant's electrical circuits. In addition, the Company is progressing well with its recruitment efforts, with 55 employees currently on board. During August, the workforce is expected to increase by approximately 61 employees, bringing the total headcount to 116. As part of its commitment to local engagement, the Company delivered a targeted three-day training program in the Calingasta Village, aimed at identifying potential candidates and supporting the development of a skilled local workforce for plant operator roles. Figure 4: Training Course in Calingasta Village to recruit local plant operators. To view an enhanced version of this graphic, please visit: About Austral Gold Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets. For more information, please visit the Company's website at Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Release approved by the Company's Chief Executive Officer of Austral Gold, Stabro Kasaneva. For additional information, please contact: David Hwang Jose Bordogna Joint Company Secretary Chief Financial Officer and Joint Company Secretary Austral Gold Limited Austral Gold Limited david@ +61 433 292 290 +61 466 892 307 Forward-Looking Statements Statements in this announcement that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this announcement include statements regarding our expectations for the refurbishment of the Casposo Plant in Argentina, our independent consultant continues to advance a technical report prepared that complies with NI 43-101 and JORC 2012 standards to assess the feasibility of processing Casposo's own mineralised material, the projected increase of approximately 61 employees at Casposo during August 2025, and our expectation that we can continue to lay the foundation for our growth strategy by advancing our attractive portfolio of producing and exploration assets. All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets, uncertainty in the measurement of mineral resources and reserves and other risks and hazards related to the exploration of a mineral property, and the availability of capital and a skilled workforce. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements. To view the source version of this press release, please visit
