Articles for tag: central, fully, funded, Guinea, Lime, Mayur, Papua, project, Resources

April 22, 2024

Ron Finklestien

mining

Mayur Resources fully funded for Central Lime project in Papua New Guinea

Under the terms, Appian is providing a $63 million senior facility and a US$7 million royalty on the CLP, along with a $22.2 million over-run facility and $22.2 million for future expansion beyond base case capacity. With near-term production targeted within 18 months of financial close, the CLP is located within Mayur’s Single Factory Special Economic Zone, close to both domestic and overseas markets in Australia and Asia. The project has government support in PNG, creating local jobs and with the potential to meet 100% of domestic quicklime requirements, Appian said in a news release. “CLP is well-positioned to be

April 22, 2024

Ron Finklestien

mining

Taranis Resources wins exploration permit after legal battle

Taranis also requested the court to ask the Mines Minister Josie Osbourne for clarification on her statement that First Nations were “the rightful owners of the land,” and her reference to a “Ktunaxa-declared moratorium”, which Taranis thought to be contrary to law. The Thor copper project, an amalgamation of five historic mines, sits in Ktunaxa traditional territory, northeast of the village of Nakusp, in the West Kootenay region. “We’re incredibly pleased,” said John Gardiner, president and chief executive of Taranis, in an interview with the Valley Voice. “It took two years and approximately $200,000 in legal fees to reach this

March 25, 2024

Ron Finklestien

mining

Nexa Resources looks to broaden horizons in Peru Nexa Resources looks to broaden horizons in Peru

When other enterprises are playing it safe, Nexa Resources is seizing the day, peering across the horizon towards Peru. Following on the heels of Nexa’s audacious declaration in January, earmarking a staggering $58 million for exploration this year, the Brazilian powerhouse affirms its commitment to a long-term vision of replacing and expanding mineral reserves and resources. Nexa’s footprint sprawls across nine strategic locales spread between Brazil and Peru – a potent cocktail of three refineries and six mines. It’s a tapestry that includes the illustrious Cerro Lindo, a stalwart among the top 20 largest zinc mines across the globe. And

March 20, 2024

Ron Finklestien

mining

Exploring Partnerships: Freeport Resources and the Yandera Copper Project Feasibility Study

Abundant Resources Unveiled In a revelation akin to striking copper, the NI 43-101 report conducted by SRK Consulting in late 2016 for Era Resources highlighted measured and indicated resources at a staggering 728.6 million tonnes with a composition of 0.33% copper, 0.01% molybdenum, and 0.10 ppm gold. This treasure trove translates to a hefty 6.2 million lb. of copper equivalent. To add to the bounty, an inferred resource of 230.6 million tonnes rich in copper, molybdenum, and gold was also uncovered. An Intriguing History Unearthed The Yandera project’s roots delve deep into the annals of the late 1960s and 1970s,

March 19, 2024

Ron Finklestien

mining

The Imperative to Preserve Earth’s Vital Ecosystems: A Call to Action for Investors and Governments

The latest study presents a chilling reality – to adhere to the Paris Agreement and sustain global temperatures within a 1.5°C threshold, the sanctity of critical ecological zones must be protected, devoid of any oil extraction. These vulnerable areas, encompassing natural reserves, biodiversity hotspots, Indigenous territories, and urban landscapes, are essential for maintaining a delicate ecological balance. Despite the significance of safeguarding these areas, abstaining from extracting oil and coal alone cannot ensure compliance with the Paris Agreement’s stipulations. A deeper, more profound shift is required to align with global climate objectives. A Fresh Navigation Map Within this landscape, the

March 18, 2024

Ron Finklestien

mining

The Sparkling Triumph of Lucapa: A Diamond in the Rough

Shining Brighter: Lucapa’s Ascendance Lucapa’s recent meteoric rise is a testament to the unwavering spirit of exploration and innovation in the mining industry. The company’s fortunes have skyrocketed by a staggering 48% following a substantial surge in resources at their Angola mine. Flawless Evaluation: Unveiling Lucapa’s Treasure Trove An independent assessment by South Africa’s Z Star Mineral Resource Consultants revealed an impressive evaluation of the mine’s resources valued at $1,897 per carat. Despite a modest 5% dip from the previous year, ridden with the rough waters of declining diamond prices, Lucapa stands resilient. Growth Against all Odds: Lucapa’s Triumph With

February 5, 2024

Ron Finklestien

mining

Seabridge updates Kerr, Iron Cap inferred resources

Seabridge Gold Announces Updates to Kerr and Iron Cap Inferred Resources Seabridge Gold Announces Resource Updates Seabridge Gold, a leading resource exploration and development company, has recently announced updated inferred resources for its Kerr and Iron Cap deposits. The company’s estimate draws on the same metals prices as the 2022 Mitchell and East Mitchell open pit estimates, with gold at $1,820 per ounce, copper at $4.20 per pound, silver at $28 per ounce, and molybdenum at $13.5 per pound. Underground Mining and Open Pit Methods The Kerr and Iron Cap deposits are planned to be primarily operated through underground mining

February 2, 2024

Ron Finklestien

mining

Gabriel Resources: A Tale of Unresolved Arbitration and Market Surge

The Historical Context Hailing from a historical mining district that dates back to pre-Roman times, Gabriel Resources’ Roșia Montană project shines with the promise of being one of the largest undeveloped gold deposits in Europe. The project reveals a substantial mineral reserve base where 10.1 million oz. of gold and 47.6 million oz. of silver reside, nestled within 215 million tonnes with average grades of 1.46 g/t gold and 6.88 g/t silver. The Turmoil and Rejection The proposed open-pit mine faced a storm of protests in 2013, forcing the Romanian government to set its face against the project by denying

January 24, 2024

Ron Finklestien

mining

Glencore’s Transfer of Horne 5 Operations to Falco Resources Glencore transfers the Horne 5 project to Falco Resources

Glencore recently announced its decision to grant operational rights of the Horne 5 project to Falco Resources, with Glencore retaining priority over the operations. Falco is required to provide financial assurances, guarantees, and indemnification to cover potential risks and losses to the smelter, with Glencore maintaining the right to enforce remediation, suspension, or other risk mitigation measures to protect the Horne smelter. Falco’s president and CEO, Luc Lessard, expressed optimism about the project’s progress, citing the successful completion of the OLIA and life-of-mine copper-zinc concentrate offtake agreements with Glencore as pivotal factors. The company is now focused on advancing the

January 23, 2024

Ron Finklestien

mining

Nevada Sunrise’s Gemini: A Game-Changer in US Lithium Resources

The Discovery Unveiled Striking gold in the mining world, Nevada Sunrise, with no small degree of pride, revealed the results of their drilling in the Gemini property. A treasure trove in the Lida Valley, the drilling brought to light clays mineralized with lithium, showcasing stellar geological continuity. The inference? An impressive resource estimation for lithium carbonate dwelling within the clays. Staggering Figures The numbers are almost fantastical. The drilling unearthed approximately 1.3 million tonnes of lithium, which translates to a whopping 7.1 million tonnes of lithium carbonate equivalent. All this, neatly ensconced within 1.2 billion tonnes of mineralized clay, boasting