Latest news with #JORCCode
Yahoo
29-05-2025
- Business
- Yahoo
Kalgoorlie Gold Mining completes initial farm-in at Pinjin Gold Project
Kalgoorlie Gold Mining has reached a significant milestone with the completion of its initial farm-in at the Pinjin Gold Project. The company has now secured a 75% interest in the project's key tenures including the areas hosting the Kirgella Gift and Lighthorse discoveries. The successful farm-in at Pinjin South and Kirgella covers tenures that encompass the Kirgella Gift and Providence mineral resources, the Lighthorse discovery and the entire mineralised Lighthorse corridor. This corridor is notable for extending north to gold mineralisation and anomalism at Wessex, which is situated less than 1km from the Anglo-Saxon open-pit gold mine, currently under care and maintenance by Hawthorn Resources. The transaction involved a $1.65m (A$2.56m) cash settlement for ownership in multiple tenures including E 28/2654, E 28/2655, E 28/2656, E 31/1127 and several P 31 parcels. According to the agreement, the vendors will be free carried until a positive bankable feasibility study has been delivered and a decision to mine is made. At that point, they must choose to either contribute their share of costs or convert their interest into a 2% net smelter royalty. Kalgoorlie Gold managing director Matt Painter said: 'This marks a major milestone for the company. We are incredibly proud of the KalGold team's achievements since commencing the farm-in at Pinjin. 'In less than two years, the company has defined over 75,000oz of gold in a near-surface Mineral Resource following JORC Code (2012) guidelines, at Kirgella Gift and Providence. Beyond this, we have defined gold mineralisation and anomalism across multiple prospects throughout the tenement package, including the hugely prospective Lighthorse and Wessex prospects.' The company is now awaiting assay results from its recent large-scale aircore drill programme, which targeted areas north and south of the Lighthorse discovery. The outcomes of these assays will significantly influence Kalgoorlie Gold Mining's future exploration strategy. With the key tenure at the Pinjin project now under its control, Kalgoorlie Gold Mining is preparing to ramp up its exploration efforts. The company plans to accelerate aircore, reverse circulation and diamond drilling activities at Pinjin. Additionally, Kalgoorlie Gold Mining is considering targeted geophysical programmes to detect alteration zones, structures and mineralisation. The objective is to discover new high-priority target areas, make further gold discoveries and increase the mineral resource inventory. "Kalgoorlie Gold Mining completes initial farm-in at Pinjin Gold Project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Power Minerals partners with EDEM for niobium carbonatite project in Brazil
Power Minerals has formed a strategic partnership with Brazilian mining company EDEM to advance the Santa Anna niobium carbonatite project in Goiás State, Brazil. The move follows a binding letter of intent signed earlier this month for an exclusive option to acquire the project. EDEM discovered the Santa Anna project in 2021 and is currently the project vendor. Under the strategic partnership, Power Minerals will focus on exploring and developing the Santa Anna project's critical minerals, while EDEM will concentrate on the project's phosphate potential. Both companies will also explore other collaborative opportunities within EDEM's project portfolio. Power Minerals will conduct due diligence for the acquisition, which could boost the company's profile as a South American-focused clean energy metals explorer and developer. EDEM will provide technical support and an auger drill rig for Power Minerals' upcoming due diligence drilling campaign at a fraction of the usual cost. Power Minerals managing director Mena Habib said: 'This strategic partnership offers strong benefits to Power and EDEM. The chance to secure a project opportunity such as Santa Anna is rare, and being able to tap into the expertise, knowledge and local network of EDEM would certainly help us accelerate work on the project, if our due diligence stacks up and we move ahead with its acquisition. 'EDEM has been looking for a partner to work with on this project and can provide Power with support that would vastly increase our ability to move Santa Anna forward and deliver value to our shareholders. We are already seeing the fruits of this partnership with significant cost savings across the drilling, staff and laboratory analysis.' Santa Anna has a comprehensive drilling database and is prospective for rare earth elements (REEs) and phosphate, with significant REE mineralisation identified in preliminary assessments. The project's extensive undrilled areas offer further exploration potential. Exploration permits are in place, and Power Minerals plans to conduct at least 2,000m of reverse circulation drilling to confirm an exploration target as per the 2012 JORC Code. Power Minerals has also completed a $1.3m (A$2.02m) placement to fund niobium, gallium and REE exploration. Following successful initial drilling and acquisition completion, Power Minerals intends to delineate a maiden JORC-compliant mineral resource estimate. In August 2024, Power Minerals closed the acquisition of the Lítio niobium project in Brazil from Ita Iron Mineracao after completing legal due diligence. "Power Minerals partners with EDEM for niobium carbonatite project in Brazil" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Astral Resources updates MRE for Spargoville Gold Project in Western Australia
Astral Resources has announced an updated mineral resource estimate (MRE) for its Spargoville Gold Project in Western Australia (WA), now reporting 139,000oz of contained gold. This update is part of a series of acquisitions, including the Spargoville, Mandilla and Feysville gold projects near Kambalda, that have expanded Astral's gold resources to a consolidated 1.76 million ounces (moz). The Spargoville Gold Project, located 70km south of Kalgoorlie, has been integrated into Astral's portfolio following the company's takeover of Maximus Resources. Located in the Coolgardie Domain of the Kalgoorlie Terrane, the Spargoville Gold Project is positioned strategically near the St Ives gold camp. The project's MRE has been recalculated using the financial assumptions from its recent Mandilla update, resulting in a revised estimate of three million tonnes (mt) at 1.4 grams per tonne (g/t) gold. Independent consultancy Widenbar and Associates prepared the updated MRE in accordance with the JORC Code (2012 Edition). The estimate includes the Wattle Dam Gold Project, Eagles Nest, Hilditch, Larkinville and 5B deposits. Astral plans to commence drilling in the area surrounding the Hestia deposit at Mandilla this quarter, with a more extensive drilling programme set for the September quarter of 2025. The revised figures are based on a lower cut-off grade of 0.39g/t gold, constrained within pit shells determined by a gold price of A$3,500 ($2,265)/oz. Additionally, the updated MRE reflects the same cost assumptions that will be used in an upcoming Mandilla pre-feasibility study (PFS). The acquisitions have, together, significantly bolstered Astral's Group MRE to 50mt. Astral Resources managing director Marc Ducler said: 'With compulsory acquisition of the outstanding shares in Maximus having now been completed, we considered that it was important to set our own baseline for the recently acquired Mineral Resources at the Spargoville Gold Project. 'Astral's standard approach when testing the Mineral Resources for reasonable prospects for economic extraction (RPEE) includes a first step of regularising the block model, which is the process of varying the size of the block model shapes to approximate the size of the earth-moving machinery likely to be used in open-pit mining. 'This serves to more accurately reflect the amount of dilution likely to be experienced during open-pit mining and provides a good base for the subsequent optimisations used to identify the potentially economic portion of the mineralisation models.'
Business Wire
23-04-2025
- Business
- Business Wire
High-Grade Drill Results Continue at North American Lithium
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. ('Piedmont,' 'the Company,' 'we,' 'our,' or 'us') (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, announced the final results received from the North American Lithium ('NAL') 2024 drilling program. NAL is North America's largest producing spodumene mine and is jointly owned by Piedmont (25%) and Sayona Mining Limited (75%) (ASX: SYA). The 2024 drilling program was launched in February 2024 and concluded in December 2024. The program focused on the strategic objectives of enhancing the existing Mineral Resource Estimate ('MRE') and identifying additional mineralization which may lead to an increase of the MRE. Piedmont and Sayona will incorporate the latest drill results into an updated MRE, aiming to upgrade resource classification and increase overall resource tonnage. These results also reinforce the potential for expanding production at NAL. At the same time, they support improved mine planning to maximize project value and efficient resource development. 'The positive drilling outcomes support our plans for a potential brownfield expansion at NAL, aiming to increase production capacity to meet the growing global demand for lithium with resources produced in North America,' said Keith Phillips, President and CEO of Piedmont Lithium. 'These developments reinforce our commitment to advancing NAL as a cornerstone asset in our portfolio and contribute to our vision of becoming a leading supplier of lithium products critical to the energy transition.' Cautionary Note to U.S. Investors Piedmont's public disclosures are governed by the U.S. Exchange Act of 1934, including Regulation S-K 1300 thereunder, whereas Sayona discloses estimates of 'measured,' 'indicated,' and 'inferred' mineral resources as such terms are used in the JORC Code and Canada's National Instrument 43-101. Although S-K 1300, the JORC Code, and NI 43-101 have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported, they at times embody different approaches or definitions. Consequently, investors are cautioned that public disclosures by Sayona prepared in accordance with the JORC Code or NI 43-101 may not be comparable to similar information made public by companies, including Piedmont, subject to S-K 1300 and the other reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder. The statements in the link below were prepared by, and made by, Sayona Mining. Such statements are not statements of Piedmont and have not been independently verified by Piedmont. Sayona Mining is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements. Sayona Mining's original announcements can be found here. About Piedmont Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium project in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). We believe these geographically diversified operations will enable us to play a pivotal role in supporting America's move toward energy independence and the electrification of transportation and energy storage. Forward-Looking Statements This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, construction, and production activities of Sayona Mining, Atlantic Lithium, and Piedmont; current plans for Piedmont's mineral and chemical processing projects; Piedmont's potential acquisition of an ownership interest in Ewoyaa; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance, or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont, Sayona Mining, or Atlantic Lithium may be unable to commercially extract mineral deposits, (ii) that Piedmont's, Sayona Mining's, or Atlantic Lithium's properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing, and operating mining projects, environmental hazards, industrial accidents, weather, or geologically related conditions), (iv) uncertainty about Piedmont's ability to obtain required capital to execute its business plan, (v) Piedmont's ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental, and production activities, including risks relating to permitting, zoning, and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data, and projections related to Sayona Mining or Atlantic Lithium, (xii) occurrences and outcomes of claims, litigation, and regulatory actions, investigations, and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations, and our ability to obtain necessary permits, (xiv) risks related to the completion of our proposed merger with Sayona Mining and related capital raises, and (xv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission ('SEC') and the Australian Securities Exchange, including Piedmont's most recent filings with the SEC. The forward-looking statements, projections, and estimates are given only as of the date of this press release and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections, and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
Yahoo
19-03-2025
- Business
- Yahoo
Acquisition Complete for 9.1% Stake in CAMRAIL S.A
Canyon Continues to Advance its Mine-to-Port Logistics Strategy, as it Develops the Minim Martap Bauxite Project Toward Production PERTH, Australia, March 18, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) ('Canyon' or the 'Company') is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA ('Camalco'), has acquired the 5.3% equity interest in CAMRAIL SA ('Camrail') from Total Energies Marketing Cameroun SA ('Total Cameroon'). Refer to the Company's ASX announcement dated 7 March 2025 for further information. The acquisition with Total Cameroon was finalised on 14 March 2025, following the internal approval by the Apex Committee of Total Cameroon. Camalco has now successfully secured a strategic 9.1% holding in Camrail, having previously completed the acquisition of a 3.8% interest from Societe d'Exploitation des Bois du Cameroun ('SEBC') on 28 February 2025. The total consideration for the combined acquisitions amounted to XAF 1,388,550,000 (approximately A$3.4 million), funded from the Company's existing cash reserves. Completion of these strategic transactions with Total Cameroon and SEBC provides Camalco a direct stake in Cameroon's rail infrastructure operator and importantly, secures the Company a seat on the Camrail Board. This strategic investment is a critical step in Canyon's broader objective of establishing an efficient transport and logistics network to support the development of its world-class Minim Martap Bauxite Project. Minim Martap ranks among the world's richest bauxite deposits, with an Ore Reserve of 109Mt at 51.1% Al2O3 and 2.0% SiO2 and a JORC Mineral Resource Estimate of 1,027Mt at 45.3% Al2O3. Ore (MT) Alumina (Al2O3) Silica (SiO2) Total Mineral Reserves (Proved)1 109 51.1% 2.0% Total Mineral Resources2 1,027 45.3% 2.7% Measured 382 47.3% 2.7% Indicated 597 44.2% 2.7% Inferred 48 43.2% 3.7% (1) Mineral Reserves reported as per JORC Code(2) Mineral Resources reported as per JORC Code, at a cut-off grade of 35% Al2O3 - Makan & Ngaoundal tenements not included Minim Martap Ore Reserve Statement (2022 BFS) & Mineral Resources Estimate Mr Jean-Sebastien Boutet, Canyon Chief Executive Officer commented: "We are pleased to have successfully completed our 9.1% acquisition in Camrail and to now be working alongside its existing shareholders, the State of Cameroon and Africa Global Logistics. This investment is a major step forward in de-risking the logistics pathway for Minim Martap, and I want to acknowledge the continued dedication of the Canyon and Camalco team as we push towards first production in 2026. "Minim Martap is a world-class, tier-one bauxite project, with the potential to become a long-term, low-cost supplier into a growing and supply-constrained market. With our Definitive Feasibility Study on track for completion in Q3 2025, mine planning progressing as scheduled, and Integrated Rail Facility engineering underway, we are making tangible strides toward project execution. 'Importantly, we are also advancing discussions regarding delivery schedules for rolling stock and progressing negotiations on port facilities. In addition, the initial phase of our two-stage ramp-up has successfully commenced, reflecting our commitment to ensuring a structured and efficient development pathway for the project. We remain focused on securing the remaining rail and port agreements and look forward to providing further updates as we continue to execute on our strategy.' Camrail transport route (source: This announcement has been approved for release by the Canyon's Board of Directors. Enquiries: Jean-Sebastien BoutetChief Executive OfficerCanyon Resources LimitedT +61 8 6385 2263E: info@ Cameron Gilenko Investor Relations & Media Sodali & CoT +61 6160 Forward looking statements This announcement contains forward-looking statements. These statements can be identified by words such as 'anticipate', 'may', 'will', 'expect', 'intend', 'estimate', 'opportunity', 'plan', 'potential', 'project', 'seek', 'believe', 'could', 'future' and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management that could cause the Company's actual results to differ materially from the results expressed or anticipated in these statements. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update or revise forward-looking statements, regardless of whether any new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and ASX requirements. Mineral Resources and Ore Reserves The information in this announcement that relates to the Mineral Resources and Ore Reserves at the Minim Martap Bauxite Project has been extracted from the ASX releases by Canyon entitled 'Minim Martap Mineral Resource Estimate upgrade adds Measured Resource' dated 11 May 2021, and 'Positive BFS for Canyon's Minim Martap Bauxite Project' dated 21 June 2022, available at and (Canyon Releases). Canyon confirms that it is not aware of any new information or data that materially affects the information included in the Canyon Releases and that all material assumptions and technical parameters underpinning the estimates in the Canyon Releases continue to apply and have not materially changed. A photo accompanying this announcement is available at in to access your portfolio
