Infrastructure programs across Australia are set to be fast tracked to kick start the economy. The projects include the inland Brisbane to Melbourne Railway, Iron Ore projects in WA and an electricity interconnector from Tasmania to the mainland. Altogether these projects are worth around $72 billion!
Recently Boral has had some interest in its shareholding from Seven Group Holdings and now Boral has announced a new CEO – Zlatko Todorcevski. Mr Todorcevski has had a vast amount of experience in oil and gas, logistics and steel building products sectors. Boral’s Chairman of the Board, Kathryn Fagg, said “With exceptional commercial acumen, strategic insight and a focus on return on capital, Zlatko has a strong track record as a senior executive in a number of large industrial and energy companies, with international operations. His experience in leading major transformations, including business turnarounds, as well as in capital allocation and strategic portfolio management, are critically important for Boral. He will then deliver a strategy to strengthen the financial performance of the Company and to improve returns for our shareholders.” Mr Todorcevski takes over the reigns from Boral’s current CEO & Managing Director, Mike Kane.
South 32 has signed a contract to engage K2fly with its Resource Governance solution RCubed for its mineral inventory reporting for five years. Chief Commercial Officer Nic Pollock said “It is a great honour to be working with South32. This adds to our growing list of diversified customers like Rio Tinto, Teck Resources and Nexa Resources.” K2Fly also provides a natural resource governance – Infoscope, an Enterprise Land Management, Natural Resource Governance and Stakeholder Relations solution for the Energy and Resources market.
GR Engineering Services has been awarded a contract for the Lake Way Project. The project with Salt Lake Potash is to provide services for non-process engineering design and the management of procurement, construction and commissioning of the Lake Way Project processing facility and associated infrastructure. Managing Director Geoff Jones said “We are extremely pleased to have been engaged to play a key role in the delivery of the process plant and non-process infrastructure for the Lake Way Project. We look forward to continuing to work collaboratively with Salt Lake Potash to deliver safe and successful outcomes. GR Engineering looks forward to Salt Lake Potash emerging as a significant new Australian SOP Producer.” The Lake Way Project is a 245kt per annum Sulphate of Potash project over a life of around 20 years, south of Wiluna in Western Australia. Salt Lake Potash Tony Swiericzuk, Chief Executive Officer pointed out that GRES has been involved with Salt Lake Potash from the design stage “We are very pleased to have executed these contracts with GRES who have been a critical contracting partner by our side throughout the design development of the Lake Way processing plant and off-lake infrastructure since early 2019. The finalisation of these major Project contracts and the substantial engineering and procurement activity to date has further de-risked the Lake Way Project execution and confidence around the capital budget.”
Core Lithium has announced a 52% increase to new Finniss Lithium Mineral Resource Estimate to 15Mt at 1.3% Li2O. This will allow an update to the mine plan for the Finniss project. Managing Director, Stephen Biggins said the announcement validates the project and potential “Core’s announcement today is further validation of the enormous potential that our flagship Finniss Lithium Project holds. “We are very pleased to have reached a global Mineral Resource of 15Mt @ 1.3% Li2O for the Project and we are excited to see the life of mine significantly improve as a result of this, when mining studies are completed later this month,” Finniss is located in the Northern Territory and around an hour drive from Darwin.
The potential from the Cayley Lode is progressing for Stavely Minerals with a hit of 87m at 1.74% copper, 0.57g/t gold and 20g/t silver (SMD087) . The results come from the ongoing resource drilling program in a shallow high grade copper-gold discovery at the Thursday’s Gossan prospect. According to Executive Chairman, Chris Cairns,“We continue to be surprised by the incredible consistency and continuity of mineralisation in the Cayley Lode, with the results reported today including significant intervals of strong copper-gold mineralisation in the northern portion of the deposit. “Due to the large overall interval of strong copper, gold and silver mineralisation in SMD087 and the significant gold grades in the high-grade sub-intervals, we consider this intercept to be on a par with the assays from the discovery drill hole SMD050 (32m at 5.88% Cu, 1g/t Au and 58g/t Ag).”