Esmarie Iannucci

Kvanefjeld by-products profitable - Greenland Minerals

9th July 2020 By-products from the Kvanefjeld rare earths project, in Greenland, could contribute as much as $60-million in revenue annually, ASX-listed Greenland Minerals said. The company on Thursday pointed out that the Kvanefjeld deposit contained a large low-grade uranium resource, which could produce... →

DevEx raises exploration funds

9th July 2020 ASX-listed DevEx Resources has raised A$5.5-million to fast track exploration work in Western Australia and New South Wales. The company will place an initial 47.5-million shares, at a price of 10c each, to raise an initial A$4.7-million, under its existing placement capacity. A second tranche... →

Maintenance costs cut at Kayelekera

9th July 2020 ASX-listed Lotus Resources has reduced the care-and-maintenance cost at its recently acquired Kayelekera uranium project, in Malawi, by some 75%, as the company advances certain restart activities. Lotus on Thursday told shareholders that care and maintenance costs for the mine have been reduced... →

Riley gets port access

9th July 2020 Junior Venture Minerals has inked a port access agreement for its Riley iron-ore mine, in in Tasmania, with TasPorts. Venture on Thursday said that the agreement fully secured the pathway for production from the mine gate to shipping, and effectively meant that mining could immediately start,... →

Borborema economics improves - Big River

9th July 2020 A review into the definitive feasibility study (DFS) for the Borborema gold project, in Brazil, has reduced the project’s expected costs from the original $99.3-million to $90.7-million. ASX-listed Big River Gold on Thursday noted that the review had resulted in changes to the process design,... →

Bellevue holds A$120m capital raise to fund gold project

9th July 2020 Gold developer Bellevue Gold has launched a fully underwritten placement to raise A$100-million to accelerate project development at its namesake project in Western Australia. A share purchase plan (SPP) will also be launched with the aim of raising a further A$20-million. →

Rio Tinto closes NZ aluminium smelters

9th July 2020 Major Rio Tinto on Thursday announced that it would wind down operations and eventually close the New Zealand aluminium smelters (NZAS), following the conclusion of a strategic review. The company in October last year announced a review into the future of the smelter, to determine the... →

Kirkland Lake reports increased gold output

8th July 2020 Triple listed Kirkland Lake Gold has reported a 54% increase in gold production for the second quarter of 2020, compared with the previous corresponding period. The ASX, TSX, and NYSE-listed company on Wednesday announced that gold production in the three months to June had reached 329 770 oz,... →

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