Industry Link Media Blog - Page 5 of 29 -

April 13, 2021April 13, 2021

Regis Enters Agreement For Independence Stake In Tropicana

IGO has this morning announced it has entered into a binding agreement with Regis Resources for the sale of its stake in Tropicana Gold Mine. Independence held a 30% stake in the mine with AngloGold Ashanti holding the remaining 70%.

Autonomous Drill Fleet at Tropicana Gold Mine – Pic Macmahon

According to IGO Managing Director and CEO Peter Bradford, the sale allows IGO to concentrate on its focus towards commodities aligned with clean energy. “Since discovery in 2005, Tropicana has been an important part of IGO’s history and a key driver of our sustained growth. While IGO continues to believe that Tropicana is a high-quality tier-1 gold asset with strong upside potential, it is no longer aligned with our focus on commodities critical to clean energy. We are therefore delighted to have entered into an agreement to sell Tropicana to Regis. This transaction, along with the recent investment in Tianqi Lithium assets in Australia, solidifies IGO’s position of becoming a globally relevant pure-play battery minerals producer and developer, uniquely exposed to tier 1 nickel, copper, cobalt and lithium”. He said.

The deal is subject to the waiver or non-exercise of a right of last refusal (“ROLR”) of up to 60-days held by AngloGold Ashanti as per same price and same terms as Regis. Mr Bradford also thanked AngloGold Ashanto for the partnership and their part of the process “We are extremely pleased with the outcome of the transaction and the assistance of the AngloGold Ashanti teams throughout the sales process. I take this opportunity to acknowledge and thank AngloGold Ashanti for their partnership and support over the last 18 years.” said Mr Bradford.

April 8, 2021April 8, 2021

St Barbara Mines Aquire Lake Wells Tenements

Gold miner St Barbara Mines has acquired a 70% interest in the tenements comprising of Australia Potash Limited’s Lake Wells Gold Project in the Northern Goldfields of Western Australia.

As released to the market today, St Barbara and Australia Potash have now formed an unincorporated Joint Venture to continue the exploration, development and mining of mineral resources on the project. Under the terms of the Agreement, Australia Potash shall not be obliged to make any contribution to project expenditure until such time as St Barbara has completed a bankable feasibility study into the development of any non-potash orebody within the project tenements.

April 7, 2021April 7, 2021

New Nickel Discovery At Kambalda’s Beta Hunt Mine

A new high grade nickel discovery has occurred at Karora Resources Beta Hunt Mine at Kambalda in Western Australia. Named the 50C Nickel Trough, the discovery is the second new nickel discovery at the mine in the last six months and compliments an increasing gold system at the mine.

With a key nickel intersection of 11.6% Ni over 4.6 metres, including 18.4% Ni over 2.2 metres, the 50C Nickel Trough has the potential to repeat the Beta zone which has delivered over 32,000 tonnes of nickel to date. While the results for nickel have been quite promising, the drilling for nickel also intersected gold. In the key nickel intersection above, a gold intersection included 5.2 g/t Au over 3.2 metres. However the highlight of gold intersects included 2.7g/t Au over 12.0 meters, including 10.1g/t Au over 1.4 metre. The recent gold drilling has also indicated extensions to the known gold mineralised system at Beta Hunt to be over 3.5km along strike.

Paul Huet, Chairman and CEO of Karora said, “I am very excited with the latest set of drill results from Beta Hunt, which continues to return outstanding intersections and now a second new nickel discovery, all within close proximity to existing mine development. While we are focused on gold production as our core strategy, the potential by-product credits from these nickel grades, as high as 18%, are undoubtedly substantial. While our drilling in the 50C discovery area was aimed at nickel targets, our efforts also returned some meaningful gold assays including 5.2 g/t over 3.2 metres in hole G50-22-005E. These gold results demonstrate yet another potential area to add to the growing gold resource at Beta Hunt in the near term and have extended the strike extent of Beta Hunt gold mineralisation to 3.5 kilometres from 3.1 kilometres previously.”

April 6, 2021April 6, 2021

Savannah Set To Restart – Letters of Intent Placed

Hot on the heels of the Cassini mine opening near Kambalda recently, another Western Australian nickel project is making the move this morning – Panoramic Resources Savannah Nickel Project in the East Kimberley. Panoramic is preparing with the restart of mining from August 2021 and the first shipment of concentrate earmarked for December. A 12-year mine life with an average annual production target of 9,072t nickel, 4,683t copper, and 676t cobalt in concentrate is earmarked.

The Savannah Nickel Project has had quite a busy 12 months since April 2020 and has resulted in a more optimised project moving forward. Panoramic Managing Director and CEO Victor Rajasooriar said

“It is pleasing to see that Savannah, one of the most advanced nickel sulphide development assets in Australia, is forecast to come into production as the battery thematic continues to grow worldwide. We learnt many lessons in the lead up to the temporary suspension of operations at Savannah in April 2020, amid the onset of the COVID-19 pandemic. Since that time, we have recapitalised the business and undertaken a range of planning and site-based initiatives to put the operation in a much stronger position for the restart. This process of optimisation combined with the improved outlook for Savannah’s high-quality nickel, copper and cobalt products, has given the Board confidence in approving the restart with a target of the first shipment from Wyndham Port by the end of 2021. I would like to thank our staff, contractors, local stakeholders, and shareholders for being patient as we de-risked the project over the past 12 months, enabling Savannah to now be well-positioned for future success.”

As part of the announcement this morning, Panoramic also has announced it has engaged with Letter of Intents with two contractors – Perenti’s Barminco for underground mining and NRW subsidiary Primero, for its operations and maintenance contracts.

Under the contract with Barminco, it is intended that Barminco will provide all underground mine development and production works with mobilisation expected in July 2021. While Primero will operate and maintain the processing and surface infrastructure facilities at the Savannah nickel mine for an initial term of three years, with an option to extend an additional two years.

Perenti Managing Director and Chief Executive Officer Mark Norwell said: “We are very pleased Panoramic has elected to restart the Savannah Nickel Project and we look forward to finalising the contract details for Perenti to support the recommencement of operations at this long-life project.” while NRW CEO Jules Pemberton said, “This agreement further strengthens the annuity revenue stream that our Minerals, Energy and Technology division has been building through its various businesses. RCR and its product support and maintenance business, DIAB through its shutdown and maintenance activities and now this significant award to Primero for a three year plus two-year option delivering operations and maintenance services to the Savannah Nickel Project”.

February 24, 2021

Top Story – Bill Beament Leaves Northern Star In July.

Northern Star Resources Limited has provided an update. In their efforts to initiate a global search for an Independent NonExecutive Chair, Bill Beament will retire from the Northern Star Board, effective July 1, 2021. Mr Beament has agreed to take up an Executive Director role with Venturex Resources from July 1. Mr Beament said he fully appreciated the opportunity to help Northern Star generate exceptional results for all stakeholders. “I share the view that now is the right time for Northern Star to begin the search for an Independent Chair,” he said. “The Company is in an extremely strong position, with an outstanding team and some of the best gold assets in the world.”

Northern Star Non-Executive Director John Fitzgerald thanked Mr Beament for his outstanding contribution. “Bill has guided Northern Star through a period of exceptional growth, building a globally-significant gold company which generates substantial returns for Shareholders,” Mr Fitzgerald said.

The Northern Star Board has decided that Independent Non-Executive Director John Fitzgerald will perform the role of Independent Non-Executive Chair from then until the appointment of the new Chair.

February 23, 2021February 23, 2021

Diggers & Dealers Keynote Speaker Announced for 2021

A former advisor to President Nelson Mandela, a key author of twenty one books and a previous Principal Economist at the EBRD (European Bank for Reconstruction and Development) has been announced as the Diggers and Dealers key note speaker for 2021. Professor Ian Goldin.

Professor Goldin specialises in economics and has numerous credentials on the world economic stage. After a start in Africa, Professor Goldin lectures at Oxford, Harvard and Tsinghua Universities as well as providing advisory and consultancy services to thirty leading companies. His recent speaking engagements include the opening keynote at Google Zeitgeist, the Microsoft CEO Forum and TED. For the past twenty one years he has provided keynotes at the World Economic Forum meetings in Davos. Adding to an impressive list of achievements, Professor Goldin also was a previous Vice President of the World Bank. His address at Diggers and Dealers this year is sure to be thought provoking and insightful.

February 19, 2021

What You Missed This Week

There has been plenty on the views of Facebook and news outlets, sadly they can’t post their news… but we can!

Here are seven things you missed this week

1 – WesTrac continue to be part of the KCGM Super Pit with a new contract worth over $250 Million!

2 – Goldfields gold miners, Beacon Minerals and Horizon Minerals had a good week – Beacon announcing a 0.007c Dividend and Horizon announced excellent drill results at Jaques Find near Kalgoorlie.

3 – Drilling firm Top Drill celebrate their 15 years in operation. The Western Australia driller has a new/late model fleet of 25 Schramm and Sandvik rigs now since beginning in Boulder in 2006

4 – The First Gold Pour has taken place for Novo Resources at Beaton`s Creek in the WA Pilbara.

5 – Former WMC Exploration Chief Dr Roy Woodall passed away at the age of 90. Dr Woodall is credited with assisting in the discovery of nickel around Kambalda in WA

6 – Rio Tinto announced $12.4 bn in underlying earnings for the 2020 financial results. While BHP had the best production half at Olympic Dam in five years.

7 – Northern Star and Saracen’s marriage became official as of this week. Norther Star’s share price closed the week at $10.38.

If you have any news or upcoming events that should feature as part of our wrap of the week, get in touch news@industrylinkmedia.com

February 13, 2021February 13, 2021

Caterpillar To Continue Hauling Loads at Super Pit

Northern Star Resources has announced WesTrac CAT as a provider of a new fleet of haul trucks for the KCGM Super Pit.

The deal is estimated to be worth over $250 million and will not only include the haul trucks but other associated earthmoving equipment. The 793 haul truck is pride of the mining fleet at the KCGM Super Pit, with around 34 793C and 6 793F haul trucks with its 245 tonne capacity listed in operation.

WesTrac has had a proud history with operating at the Kalgoorlie Super Pit and that is set to continue as the new trucks will commence operating at the Super Pit in September. It’s expected the deal will see a progressive roll out as revealed in The Weekend West.

February 1, 2021February 1, 2021

BREAKING: KCGM Owners Make Joint Announcement

KCGM Super Pit Owners Northern Star Resources and Saracen Minerals have released information to the market this morning about their respective operations based on the lockdown imposed in Western Australia.

Saracen Mineral Holdings Limited and Northern Star Resources advises that it does not expect production and exploration at its West Australian operations to be impacted by the five-day lockdown measures announced yesterday by WA Premier Mark McGowan. All the Company’s operations are located outside the lockdown boundaries set by the Government. The Company will advise the market should these circumstances change. Saracen’s top priority at all times is the health and safety of its staff, business partners and the communities in which we operate and this is the basis of all its strategies for managing COVID-19.

January 6, 2021January 6, 2021

Todays Top Story – Warnings of Health Related Risks at Work This Summer

We are almost right in the middle of summer here in Australia. As this season is welcomed by some with open arms, it comes as no surprise that we are now being warned of some of the dangers associated with this time of year, in particular heat dangers in the workplace.

Department of Mines, Industry Regulation and Safety (DMIRS) has just issued a warning to guard against heat stress at work. WorkSafe WA Commissioner Darren Kavanagh sent a timely reminder to employers in recent days to take extra care during these coming days and months to avoid exposure to serious risks. “The increased sweating caused by heat depletes the body’s fluids and can lead to the symptoms of heat stress – tiredness, irritability, inattention and muscular cramps. These symptoms don’t just cause physical discomfort, they may also increase the risk of workplace injuries by taking a worker’s attention away from the task at hand, and this is a major concern.” Some of the simple steps that can be taken to avoid or mitigate such risks include; drinking cool clean water regularly, pause work to rest in a cool environment and reorganising work-related tasks to take place during the cooler periods of the day such as early morning and late afternoon.

When it comes to recreational activities, we have been reminded for decades now to slip, slop, slap and wear a hat. As more importance is placed on workplace safety, messages such as these from Mr Kavanagh should also become part of the common dialogue during the summer months. “Guarding against heat stress and heat stroke is part of providing a safe and healthy workplace, and I urge employers to ensure that preventative measures are in place.”