Articles for tag: 50m, Adriatic, concentrate, Metals, sale, seeks

May 30, 2024

Ron Finklestien

mining

Adriatic Metals seeks $50m after first concentrate sale

Chief executive Paul Cronin said Adriatic anticipates transitioning to full production capacity by the fourth quarter of the year, amidst favorable market conditions with high silver, gold and zinc prices and low treatment charges. Vares’ processing plant is currently producing at saleable grades of more than 2,500 grams per tonne of silver and close to 50% zinc. Adriatic’s plan is to increase processing until reaching nameplate capacity of 800,000 tonnes by the fourth quarter of this year. The mine is the result of Adriatic’s efforts to revive a former silver operation that was abandoned during the years of civil unrest that hit

March 26, 2024

Ron Finklestien

mining

Northern Star’s Ambitious Endeavor: A Gargantuan Leap in the Gold Mining Realm

The Grand Expansion Project As Northern Star forges ahead, seeking to extend the colossal Super Pit, the proposed expansion entails widening and deepening the current excavation. Additionally, the blueprint includes ramping up the Fimiston II tailings storage facility while birthing a new TSF (Fimiston III). The audacious plan also involves clearing up to 1868 hectares, with 1580 hectares of native vegetation potentially affected, as disclosed in the application to Western Australia’s environmental authority. A Bold Vision Unfolding In an unyielding demonstration of their commitment, Northern Star, a gold behemoth and the premier publicly listed gold producer in Australia, earmarked A$1.5

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,