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Business Wire
2 days ago
- Business
- Business Wire
Rio Tinto approves US$180 million Norman Creek project, securing long-term future for Amrun bauxite operations on Queensland's Cape York Peninsula
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has approved investment of US$180 million and commenced work on the Norman Creek access project at the world-class Amrun bauxite mine on Queensland's Cape York Peninsula. The Norman Creek access project will enable mining of the Norman Creek region of Amrun, which holds approximately half of the currently declared Amrun Ore Reserves of 978 million tonnes. [1] Construction is underway on key infrastructure, including a 19-kilometre haul road, camp accommodation and a communications tower. First production from Norman Creek is targeted for 2027, with full construction completed in 2028. Rio Tinto Pacific Operations Aluminium Managing Director Armando Torres said: 'Norman Creek is another important step in securing the long-term future of our Weipa operations, and the benefits that mining brings to communities in the region, Queensland, and the nation. 'It will maintain jobs in the region through to at least the middle of this century, ensuring continuity for our people and the Weipa community. 'The decision to approve Norman Creek reflects the quality of Western Cape York's world-class bauxite deposits, combined with the strong operational improvements our people are making at Amrun that are bolstering our confidence to invest for the long-term.' In addition to the Norman Creek project, Rio Tinto recently announced it had started early works and a final feasibility study on the Kangwinan project, which includes early works and final engineering studies to increase production capacity at the Amrun bauxite mine. If approved, Kangwinan would increase annual bauxite production capacity from Rio Tinto's Weipa Southern operations, by up to 20 million tonnes, in addition to the current 23 million tonnes, and expand export capacity through the Amrun port. The project was named Kangwinan at the request of Traditional Owners, the Wik Waya people. Production from the Kangwinan project would replace output from the Andoom mine on Cape York and the Gove mine in the Northern Territory, which are both expected to close toward the end of the current decade. First output from the Kangwinan project could be as early as 2029. The Norman Creek investment is expected to be classified as replacement capital and has been factored into the Group's capital guidance. [1] These Ore Reserves were reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition (JORC Code) and the ASX Listing Rules in a release to the ASX dated 19 February 2025 titled 'Mineral Resources and Ore Reserves updates: supporting information and Table 1 checklists' (Table 1 release) which is available at The Amrun Ore Reserves comprise 466 Mt of Proved Ore Reserves @ 54.6% Al 2 O 3 and 8.8% SiO 2 and 512 Mt of Probable Ore Reserves @ 54.3% Al 2 O 3 and 9.1% SiO 2 for a total of 978 Mt @ 54.4% Al 2 O 3 and 9.0% SiO 2. The Competent Person responsible for the information in the Table 1 release that relates to Amrun Ore Reserves is William Saba who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Rio Tinto confirms that it is not aware of any new information or data that materially affects the information included in the Table 1 release, that all material assumptions and technical parameters underpinning the estimates in the 2024 Annual Report continue to apply and have not materially changed, and that the form and context in which the Competent Person's findings are presented have not been materially modified. Ore Reserves are reported on a 100% basis
Observer
4 days ago
- Business
- Observer
Alara secures mining licence for second copper project in Oman
MUSCAT: Alara Resources Limited, a base and precious metals explorer and producer listed on the Australian Securities Exchange, has announced the award of a mining licence over the Daris 3A5 prospect, part of the Daris Copper-Gold Project in Oman. The licence, granted by the Ministry of Energy and Minerals, represents a significant step forward in Alara's strategy to expand its copper mining footprint in the Sultanate. The newly granted licence is the second awarded to an Alara joint venture in Oman, reinforcing the company's position in the country's growing mining sector. The licence covers a 0.65 km² portion of Block 7, a mineral-rich zone located approximately 150 km west of Muscat. The Daris Copper-Gold Project is operated by Daris Resources LLC, a joint venture in which Alara holds a 50 per cent stake and management rights, with an option to increase its interest to 70 per cent. In a statement by Alara Resources, the company noted that the mining licence followed a thorough and lengthy approval process, which involved extensive technical assessments and stakeholder consultations. It emphasised that while the licence allows for future mining activities, further exploration work is still required to determine whether potentially economic mineralisation exists at the Daris 3A5 site. 'This Announcement does not imply that potentially economic mineralisation has been discovered at Daris 3A5,' the company clarified. 'Further exploration is required to ascertain whether economic mineralisation exists at this prospect.' Initial exploration work carried out by Alara between 2010 and 2012, which included airborne electromagnetic (VTEM) surveys, ground magnetic surveys, and diamond drilling, confirmed high-grade copper mineralisation at the Daris 3A5 prospect. Notable drill intercepts included 3.45 metres at 10.28% copper, 17.2 metres at 8.05% copper, and 30.75 metres at 4.69% copper. These promising results laid the groundwork for the mining licence application submitted in 2013. Looking ahead, Alara plans a comprehensive development programme over the next 12 months to define the resource and prepare for potential mining operations. This includes conducting new geophysical surveys, further diamond drilling, and metallurgical test work to evaluate recovery potential. Should the findings warrant it, the company aims to issue a mineral resource estimate and reserve classification under the JORC Code, alongside detailed mine planning and potential toll treatment agreements with existing copper processing facilities in Oman. Commenting on the development, Alara Managing Director Atmavireshwar Sthapak said: 'The award of the Daris 3A5 Mining License marks another pivotal achievement for Alara and reaffirms our deep commitment to the Sultanate of Oman's mining industry. Over the past 15 years Alara has delivered consistently – from completing exploration programs and feasibility studies to building Oman's first copper mine and processing facility at Wash-hi Majaza. Daris 3A5 is poised to become our second copper mining operation, and we are excited to unlock further value for our shareholders.' He also expressed gratitude to the Ministry of Energy and Minerals, Alara's joint venture partners, and the company's staff for their role in advancing the project. Supporting the sentiment, Shaikh Salim bin Mustahail al Mashani, Chairman of Al Tamman Trading and Establishment, which is part of the joint venture, said: 'We are excited by the granting of the Daris 3A5 Mining License, which represents a significant step forward for the development of Oman's mining sector. This achievement is the result of close collaboration between our team, Alara, and the Government authorities... The Daris project reflects our shared vision of building a sustainable and economically impactful mining industry in the Sultanate.' The Daris 3A5 licence award comes at a time when Oman is prioritising the development of its mining and minerals sector as part of its Vision 2040 economic diversification strategy. Alara's progress not only signals investor confidence in the country's mineral potential but also adds momentum to broader efforts to establish Oman as a hub for copper production in the region.
Cision Canada
18-06-2025
- Business
- Cision Canada
Cannon Resources Announces Major Resource Expansion and Significant Development Momentum at Fisher East Nickel Project
Updated Resource, High-Grade Discovery, and Accelerated De-risking Underscore Fisher East's Strategic Value in the Global Critical Materials Supply Chain TORONTO and PERTH, Australia, June 18, 2025 /CNW/ - Cannon Resources Pty Ltd ("Cannon" or "the Company"), a Western Australia-based nickel exploration and development company backed by Kinterra Capital Corp. ("Kinterra"), is pleased to announce a significant update to its flagship Fisher East Nickel Project ("Fisher East" or "the Project"). This latest milestone includes a major increase in the Project's Mineral Resource Estimate (MRE), a high-grade discovery at depth, and ongoing permitting and technical progress—all of which position Fisher East as one of Australia's most actionable and strategically important undeveloped nickel sulphide assets. Fisher East offers a rare blend of high-grade, near-surface mineralisation, simple deposit geometry that supports conventional underground mining methods, and a relatively low initial capex requirement. The Project continues to demonstrate the scale, quality, and development readiness that investors and partners are increasingly prioritizing. Material Growth in Resource and Grade Since acquiring the Project in 2023, Cannon has delivered transformative growth. The updated JORC-compliant MRE now stands at 18.0 million tonnes at an average grade of 1.9% nickel. This represents a 250% increase in tonnage from the prior estimate, and a substantial uplift in contained nickel—from 134.1 thousand tonnes to 338.5 thousand tonnes. Importantly, the grade profile has also improved from 1.74% to 1.90%, reinforcing the Project's economic potential and resilience in a range of nickel price environments. Notes: Mineral Resources have been classified in accordance with the JORC Code. All material is classified as either Indicated or Inferred Mineral Resource. Reporting cut-off grade of 0.9% Ni has been applied. BD values were calculated using regression formulas based on BD (bulk density) measurements and interpolated. Material from oxide and transition zones was excluded from the statements. Rows and columns may not add up exactly due to rounding. This growth reflects not only the strength of the underlying geology but also Cannon's consistent execution of a targeted and technically rigorous exploration program. High-Grade Intercepts Extend Musket System at Depth In addition to the broader resource increase, Cannon has uncovered strong new evidence of depth extension at the Musket deposit. In May 2025, drillhole MFED239—a co-funded drillhole under the Government of Western Australia's Exploration Incentive Scheme—intersected an estimated four metres of massive and disseminated sulphide mineralisation grading approximately 4.0% nickel. Final assays for MFED239 are expected in July 2025. The intercept lies 320 metres down plunge of the current Musket resource model and offers compelling indications of both continuity and grade uplift at depth. A downhole electromagnetic (DHEM) survey conducted on the hole identified a strong off-hole conductor both up and down plunge, suggesting even greater potential for continued growth within the deeper portions of the Musket system. DHEM has been very successful at Fisher East in identifying conductors that have mineralisation, and additional drilling is being planned. "These results point to a larger and more robust mineral system than previously defined," said Chris O'Brien, Vice President and Project Director at Cannon. "We're seeing increasing grade with depth, strong geophysical continuity, and room to grow well beyond the current model. These fundamentals will support long-term value." Mineable, Resilient, and Commercially Attractive Fisher East includes multiple zones grading above 2.0% nickel, allowing for flexible mine sequencing and margin protection in volatile nickel price cycles. Its shallow depth and straightforward mineralogy contribute to a low capital intensity profile. In a market where clean, economic, and secure nickel supply is becoming increasingly scarce, Fisher East offers distinct advantages, including jurisdiction, scalability, and potential early value generation. Strategic Outlook: Path to Development With two major resource updates completed in under two years, a high-grade extension emerging at depth, and permitting and technical studies well underway, Cannon is entering the next phase of value creation. The Company has now initiated engagement with potential offtake partners and financing partners. "Our vision is to build a modern, resilient, nickel supply chain anchored in Tier-1 jurisdictions," said Cheryl Brandon, Co-Managing Partner at Kinterra. "Fisher East embodies the kind of high-grade, technically sound, and commercially viable project the market needs—and we're excited to support Cannon as it moves forward." Cannon will continue to release updates as assays for recent drillholes are received and technical milestones are achieved. A QA/QC summary for this release will be included in the upcoming technical appendix following final laboratory confirmation of results. About Cannon Resources Cannon Resources Pty Ltd is a Western Australia-based mineral exploration company focused on the development of the Fisher East Nickel Project. The Project comprises eleven granted exploration licenses covering a total of 330.6 km² in the North-Eastern Goldfields region and hosts four known nickel sulphide deposits: Musket, Camelwood, Cannonball, and Sabre. For more information, please visit About Kinterra Capital Kinterra is a Toronto-based private equity firm investing in the people, ideas, critical materials, and infrastructure shaping the modern economy. With deep sectoral expertise and long-term investment discipline, Kinterra partners with exceptional teams to unlock the full potential of world-class assets. Learn more at Disclaimer The mineral resource estimates in this release are based on Cannon's initial exploration findings and interpretation. These estimates are subject to change as additional data becomes available through further exploration and evaluation of the Project, and Cannon undertakes no obligation to update any of the contents of this release or to correct any inaccuracies that may become apparent following the date hereof. This release contains forward-looking statements, including, but not limited to, Cannon's exploration activities, project development initiatives, and potential partnership engagement. These statements are based on an assessment of present economic, technical, and operational conditions and on several assumptions regarding future events and actions that, as of the date of this release, are considered reasonable. Such forward-looking statements are not a guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, and other important factors, many of which are beyond the control of Cannon. Cannon cannot and does not give any assurance that the results, performance, or achievements expressed or implied by the forward-looking statements contained in this report will actually occur, and readers are cautioned not to place undue reliance on these forward-looking statements. Cannon has no intention to update or revise forward-looking statements or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this release.
New Straits Times
10-06-2025
- Business
- New Straits Times
Niche Capital Emas unit signs JV with EMSB for gold exploration at KK hill in Kelantan
KUALA LUMPUR: Niche Capital Emas Holdings Bhd's wholly owned subsidiary, Niche Capital Mining (Sejana) Sdn Bhd (NCMSSB), has entered into a joint venture agreement with Enrich Mining Sdn Bhd (EMSB) to develop, operate and exploit the "KK Hill" area, which spans 97.12 hectares in Jeli, Kelantan. This follows the memorandum of understanding (MoU) signed with EMSB, which grants exclusive rights to undertake gold exploration works over a 3,255 hectare area in Kelantan known as Sejana Project. "EMSB agrees to grant NCMSSB the exclusive rights for five years upon fulfilment of the conditions precedent, or for any other period mutually agreed by both parties, whichever is later. "NCMSSB shall pay to EMSB a tribute of eight per cent of the gold produced, within 30 days from the payment of royalty to the State Authority under the Mineral Enactment," it said in a filing with Bursa Malaysia today. The group stated that, according to RSC Consulting Ltd's report dated July 19, 2024, and prepared in accordance with the JORC Code (2012), the estimated in-situ mineral resources amount to approximately 7.64 million tonnes of ore, with an average gold grade of 0.69 grams per tonne, containing about 169,300 ounces of gold. "This JORC-compliant mineral resources will significantly enhance the group's mining business prospects," it said. – BERNAMA
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
