Omai Gold making strides in Wenot project

Omai Gold Mines announced positive results from its first preliminary economic assessment  for the Wenot project – one of two gold deposits located on its past-producing Omai property in Guyana.  The report supports an initial open-pit mining scenario for production averaging 142,000 ounces of gold per year over a 13-year mine life, with peak year production of 184,000 oz. Total…

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Westgold, Karora to create Australian powerhouse

Westgold Resources and Karora Resources have agreed to merge via a plan of arrangement. The combined company will have a portfolio of Western Australian assets capable of producing 400,000-plus ounces annually. The announcement follows recent news that Australian gold miner Ramelius Resources had ended discussions to purchase Canadian-based, Western Australia-focused Karora. Under the merger terms, Karora shareholders will receive 2.524…

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Ionic Rare Earths, Viridis form REE joint venture

Ionic Rare Earths has entered into a binding agreement with Viridis Mining and Minerals to form a 50:50 joint venture with the aim of establishing a significant leading role in the future global supply chain for rare earth elements. Both companies will co-fund the joint venture and a proposed Brazilian refinery and magnet recycling facility utilizing IonicRE’s separation technology. A…

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Barminco goes underground at Duketon

Perenti said its underground mining business Barminco has been awarded a new three-year mining services contract at Regis Resources’ Duketon Operations in the Goldfields region of Western Australia. The contract, valued at A$393 million, commenced 1 April for the provision of underground development, production and support services. “We’re very pleased to continue our partnership with Regis Resources at the Duketon…

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K92 resuming operations after government green-light

K92 Mining has confirmed it is restarting underground operations at its core area in Papua New Guinea after a Mineral Resources Authority audit found that its underground safety management plan was “good”. The Canadian-based company said the letter from the MRA for PNG vacates Form 29, which the agency issued to the miner on 13 March. Just days before that,…

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Surge Battery Metals lassos exploration deal for lithium project

Surge Battery Metals has concluded an entry and exploration agreement with the Salmon River Cattlemen’s Association (SRCA) that extends permission for Surge to commence drilling and other surface use on the parcels of SRCA private ground as the miner advances the Nevada North Lithium project. Full story.

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