Australia Mining News

Iron ore Holdings: resource upgrade and positive metallurgical results at Iron Valley project

Results of additional drilling Iron Ore Holdings announces the following updated information on the company's Iron Valley Project. Iron Valley is one of IOH's largest identified bedded iron deposits.

Gindalbie statement on Oakajee port

A statement by Mr Tim Netscher, the Managing Director of Gindalbie Metals Limited (ASX: GBG - "Gindalbie") regarding Oakajee Port. "The Karara Iron Ore Project is investing more than $200 million on infrastructure at Geraldton Port.

allmineral booms in iron ore: contracts still rolling in from Australia

allmineral has been awarded three independent contracts to supply its mineral processing products and equipment to the Rio Tinto Low Grade Iron Ore Pilot Plant. The pilot plant, which will be located at the Brockman 4 mine site in Western Australia,60km north west of Tom Price, will play a strategic part in the optimisation of beneficiation options for future Pilbara lower grade deposits.

allmineral booms in iron ore: contracts still rolling in from Australia

allmineral has been awarded three independent contracts to supply its mineral processing products and equipment to the Rio Tinto Low Grade Iron Ore Pilot Plant.  The pilot plant, which will be located at the Brockman 4 mine site in Western Australia, 60km north west of Tom Price, will play a strategic part in the optimisation of beneficiation options for future Pilbara lower grade deposits.

Acquisition agreement for Cambodian gold mine positive for Astral Mining

Astra Mining, an Australian diversified mining company, has signed an option agreement to fund the acquisition of an operating gold mine in Cambodia which presently has an exploration licence.The agreement provides Astra with a majority interest in Petone Mining (Asia) which has the acquisition agreement for the mine. A mining licence will be applied for prior to production expansion of the mine.

Significant copper mineralization discovered in maiden Glenburgh drilling

Aurora Minerals Limited (ASX:ARM) is pleased to announce preliminary assay results from its Glenburgh Project. The Glenburgh Project consists of 12 granted exploration licences and one application and is located in the Gascoyne Metamorphic Complex of central Western Australia.

Wits Gold completes positive scoping study on the DBM gold project

Wits Gold completed shallow underground mine design comprising a 700 metre vertical shaft for men and materials and a conveyor decline for rock transport. Based on indicated resources of 34.5Mt at 5.3g/t Au (5.9Moz), the same reefs host indicated resources of 17.0Mt at 0.16kg/t U3O8 (6.1Mlb)

Perseus completes US$85M drawdown for Central Ashanti Gold Project

Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce that the US$85 million Project Finance Facility provided to Perseus’s 90%-owned subsidiary, Central Ashanti Gold Limited (“CAGL”), by Macquarie Bank Limited and Credit Suisse AG has been drawn down. To date, approximately US$152 million of the estimated US$174 million capital cost of Perseus’s Central Ashanti Gold Project in Ghana has been funded by equity capital raised by Perseus. The balance of construction costs will be financed using funds drawn under the debt facility.

Oakland Resources [ASX: OKL] – Further shallow gold mineralisation at Spion Kop, NSW

HIGHLIGHTS: Additional significant gold mineralisation intersected in shallow RC drilling at Spion Kop Prospect with results including:- 10m at 1.14g/t Gold (SKRC051)- 4m at 0.70g/t Gold (SKRC050)

Iron Road Limited (ASX:IRD) Raises A$21M to Advance Central Eyre

Iron Road Limited (ASX:IRD) is pleased to announce it has successfully raised A$21.6 million to further advance the Central Eyre Iron Project following the recently completed positive prefeasibility study. "The funds raised today will allow us to continue our aggressive resource drilling campaign and deliver additional large tonnages into the project. We are currently drilling the Murphy South western extension and PIRSA have this week approved drilling over the Murphy South eastern extension. This work will further enhance our position as we continue our partnership discussions.

Central Iron Ore Limited: AUD$15 Million Perinvale North Iron Ore Hub Farm in and Joint Venture

Central Iron Ore Ltd. (the "Company" or "CIO") is pleased to announce that it has, through its subsidiary Central West Resources Pty Ltd, entered into a farm in and joint venture agreement with the Australian Stock Exchange listed Pacific Ore Limited (ASX:PSF) ("Pacific") in respect of CIO's Perinvale North Iron Ore Hub ("Perinvale North Hub") for AUD$15 million ("Joint Venture"). The Perinvale North Hub consists of Exploration Licence 57/818 covering an area of 120km² and is located approximately 550km North East of Perth, Western Australia in the Yilgarn Iron Ore Province ("YIOP").

Mutiny Gold Limited (ASX:MYG) Announce Significant High Grade Gold Drill Results from Deflector Deposit

Mutiny Gold Limited (ASX:MYG) ("Mutiny" or the "Company") is pleased to announce that its ongoing exploration program has delivered significant new high grade gold intersections to the North and South of existing resources at the Company's Deflector Gold Deposit. The most northerly hole drilled as part of the current program, drill hole 11DRC063, which was located 140 metres north of the new high grade discoveries and 270 metres to the north of the current resource boundary, delivered an encouraging result of 3m at 9.9 g/t highlighting the potential that remains along strike at Deflector.

Blackham Resources Limited (ASX:BLK) Proves Up Billion Tonne Coalfield At Scaddan Project

Australian energy company, Blackham Resources Limited (Blackham) (ASX:BLK) is pleased to announce a significant increase in the coal resource at its Scaddan Energy Project in Western Australia. Scaddan and Zanthus combined resources now contains over 10,000 petajoules (PJ) of energy and has the potential to produce approximately 860 million barrels of oil equivalent, consisting mainly of a clean diesel product.

Golden Cross visualises a staged commissioning of Copper Hills

Explorer, Golden Cross Resources, (ASX: GCR) has told shareholders that it is looking to start up its Copper Hills project in New South Wales in a staged build up of development to minimise up-front costs. The company plans to develop Copper Hills near Molong on an initial mining rate of between 2-3 million tonnes per annum, and a staged build-up that could see selective high grade mining and low grade stockpiling in the early years.

AusAmerican Mining – Rare Earth Project Update

Australian-American Mining Corporation Limited (ASX: AIW) has advanced it's Rare Earth Elements ("REE's") Project situated in West-Central Arizona, USA.

Republic Gold – Successful $5.5M capital raising

Republic Gold Limited (AXS: RAU) advises that fully paid shares and options subscribed for in the recent Rights Issue have now been allocated and issued. The total capital raised under the Offer was $5,572,017.

No coal shipments from Isaac Plains expected in June – Aquila

The Australian firm warned that two coal shipments it had expected from its Isaac Plains operation would not be delivered because of an ongoing dispute with Brazil Australia's Aquila Resources warned on Wednesday that two coal shipments it had expected

Flinders Mines drilling moves Pilbara Iron Ore Project closer to Measured Resource

Flinders Mines is making strong progress with its drilling program at the Pilbara Iron Ore Project in Western Australia, with over 50 kilometres of drilling completed since the previous resource update. The drilling during 2011 has been carried out on schedule and on budget and is due for completion in mid-July 2011.

Resource nationalism, a company survival guide

When most people think of resource nationalism they tend to think of a country, usually in an unstable part of the world, deciding it wants a bigger role in its resources sector and taking it. That is however, an outdated view. That is not to say that outright expropriation doesn't happen but, far more interesting is the type of resource nationalism that has sprung up not just in Africa and South America recently, but in places such as Australia, Nevada and Canada.

Australia trims outlook for iron-ore exports

Marketwatch reports Australia's government commodities forecaster Tuesday trimmed its projections for iron ore and coking coal exports over the coming financial year, and forecast prices for both raw steelmaking ingredients will continue to ease from highs as global supplies increase.

Rio enters iron-ore infrastructure expansion agreement with NRW

Diversified giant Rio Tinto has entered into a framework agreement with ASX-listed project house NRW Holdings to expand its Pilbara iron-ore infrastructure capacity to 333-million tons a year. NRW said in a statement that the […]

Papuan precious metals KUD001 intersects targeted hydrothermal Breccia

Papuan Precious Metals Corporation announces that drilling is continuing at the Kuliuta gold-copper prospect, which is testing both the near surface gold potential, in addition to the deeper copper porphyry potential. The program has been expanded from four holes to a total of six with completion expected before the end of July.

Coal miners to strike

Coal miners will strike at seven central Queensland mines this weekend. Unions for the 2300 workers accuse mining giant BMA of industrial trickery after two days of negotiations and say they'll cease work from Friday […]

Australia cuts coal export forecasts more than 5%

Top coal supplier Australia cut export forecasts over 5 percent on Tuesday as the sector struggles to recover from some of the worst flooding on record. Higher prices will cushion the blow to the nation's […]

Centurion Minerals to Drill Test Multiple Targets

Centurion Minerals announced that two diamond drill rigs have been secured to test multiple priority targets that the Company has identified on its epithermal gold and porphyry copper-gold prospects in Aceh, Indonesia. The first diamond drill rig is currently being mobilized and will be used to complete a minimum 2,000 metre drill program on the Company's Badak property.