The increase in recoveries is expected to have a significant positive impact on the project’s sales revenue, EBITDA and EBITDA margin. Keysbrook has been projected to generate EBITDA of A$39.9 million in its first full year of production, representing an EBITDA margin of about 50%.
The drill program at Broken Hill will follow up its discovery of some of the highest grades of platinum ever reported in Australia in Broken Hill. Andrew Forrest's Squadron Resources is a cornerstone shareholder.
JIWON Resource Corp will earn up to 75% in Exploration Permit 009 by spending US$2 million in exploration over a three year period. This targets large copper-gold systems at no initial cost to Red Mountain.
The company has defined an Exploration Target at the Pintanos of base case 1.04 billion tonnes at 11.5% K2O that demonstrates its project options beyond the flagship Muga Potash Project. Drilling is expected to commence in the fourth quarter of this year.
Just when you thought volatility might ease, U.S. shares slumped again overnight.
The ASX SPI 200 is off 62 points to 4997.
Whilst the tin-copper orebody is a globally significant tin deposit, the tungsten porphyry deposit is a potential Tier 1 strategic metal asset that is double the grade of Wolf's Hemerdon tungsten and tin project which recently entered production.
Abundant visible gold has been panned from a rich outcrop at the Southern Gold Zone of the Aucu deposit. This extends the SGZ to at least 2,500 metres, with three major mineral systems providing potential to host a very large gold resource.
Receipt of the German Government loan guarantee meets the first important condition for the company to receive an UFK guarantee, which provides lenders insurance against commercial and political risk. KfW IPEX-Bank is assessing lending for the Epanko Project.
Admedus has received an Add rating from broker Morgans, with a target of $0.18. Based on the last price of $0.074, the target implies the potential for a 140.9% upside.
Mongolian-based Signum Resources has provided US$800,000 in funding for Aspire's Mongolian infrastructure company Northern Railways to carry out the first stage of the Bankable Feasibility Study for the Erdenet to Ovoot Railway. It will also assist in sourcing funding for the rest of the study and identify strategic partners and new funding sources.
Shareholder approval will be sought to raise the funds through a share issue to unrelated third parties and a general offer to existing shareholders. The company is seeking a listing of its Timor Manganese Smelter business on the Catalist Board of the Singapore Exchange.
The first batch of holes at Havihua Ridge have returned nickel intersections of up to 2.29% nickel, providing confidence in defining the extent of saprolite nickel mineralisation. Phase 1 of the resource drilling program is due to be completed this week.