St Barbara wins Digger of the Year

Thu, 10/08/2017 - 15:05 (not verified)
Winners

St Barbara Ltd was last night named ‘Digger of the Year’ at the 26th Diggers & Dealers mining forum in Kalgoorlie, Western Australia. The prestigious award recognises the significant turnaround achieved by the St Barbara team over the past three years.
The award citation presented by Nick Giorgetta, Chairman of the Diggers & Dealers forum, highlighted the achievement by St Barbara to “convert a company that was previously considered to have an uncertain future into a company that consistently meets or exceeds expectations. This turnaround is a credit to the entire St Barbara team because it was a genuine team effort that we should all be proud of. The challenge for us now is to use the same energy and commitment that drove the turnaround to drive the next chapter in St Barbara’s growth.”
The award recognises the huge effort by all of St Barbara's employees during an at times difficult period and the turnaround has positioned St Barbara with world-class operations, a first-rate team culture, no debt and an exciting future.
St Barbara Managing Director and CEO, Bob Vassie, accepted the award on behalf of the Company at last night’s Diggers & Dealer's gala dinner.

HIGH GRADE EXTENSIONS AT NIFTY

Wed, 12/07/2017 - 12:50 (not verified)
Nifty

Metals X Limited recommenced underground drilling in November 2016 shortly after taking control of the Nifty Copper Operation. To date, approximately 20,000 metres of diamond drilling outside of the mining area has been completed with the objective of extending the Ore Reserve up plunge, down-plunge and within the limbs of the folded carbonate units within the Nifty syncline. Although a substantial number of assays are still pending, results to date confirm significant extensions of mineralisation outside of the current mining areas.The drilling has returned some exceptional and long intercepts of well-developed copper mineralisation which are analogous to the Nifty ore system.
Metals X Managing Director, Warren Hallam, said: “We are very pleased with the results to date that clearly confirm the upside potential of this outstanding ore system. We are confident that we will grow Nifty into a large, long-life mine and that Nifty will continue to be a significant copper producer for years to come”. “We are excited by the exploration potential within the Throssell Ranges and believe that there is substantial opportunity for further discoveries. We have commenced our regional exploration program with the drilling of a Nifty look-alike target at the Finch Prospect, 20 kilometres south-east of Nifty that is also on the same regional copper-trend. A second rig has also been deployed to test the down-plunge extent of the Nifty syncline on the basis of results from the recent deep seismic surveys.” “In addition, drilling will commence at our Maroochydore Prospect in August after the completion of the current Finch program. Maroochydore is located approximately 85 kilometres south-east of Nifty and already hosts a large copper oxide deposit with over 500,000 tonnes of contained copper metal at a grade of approximately 1% copper. More recent deeper drilling has also identified the upper zones of the primary chalcopyrite sulphide mineralisation. The objective of the program is to explore for another Nifty at depth”.

High Demand for WA mining engineers shows positive signs for Mining Industry

Thu, 15/06/2017 - 09:10 (not verified)
Mining Engineer Jobs

According to a job vacancy report by Engineers Australia, demand for mining engineers has almost doubled in Western Australia over the last year.
Industry leaders say the turnaround signals growth in mining activity, as small and medium-sized companies move towards production, particulary in the gold industry.
Our clients are saying it is getting harder to find the right candidates for their vacancies.
The Australian Statistics Bureau said today that Australian employment surged in May, fueled by a large uptick in full-time jobs, underscoring a strong labour recovery through the first half of 2017 with the jobless rate declining to 5.5% from 5.7%

Outstanding drill results at Deflector

Wed, 17/05/2017 - 13:30 (not verified)
Defector - Doray Minerals

Doray Minerals Limited announced today initial results from its ongoing Resource infill and extension programme at the Deflector Gold Copper Operation. This drilling is part of Doray’s aggressive strategy of upgrading the Inferred sections of the Mineral Resource to Indicated category, and extending it at depth, which will allow additional Ore Reserves and mine life to be delineated at Deflector. Drilling has primarily focussed on the extremities of Mineral Resources on the main Western and Central Lodes, with additional intersections of the Contact Lodes. A total of 19 diamond drill holes for 6,103m have been completed to date, with drilling continuing.
Outstanding intersections include:

0.3m @ 349g/t Au and 2.1% Cu from 256.8m
0.3m @ 118g/t Au and 3.7% Cu from 92.3m
0.3m @ 156g/t Au and 1.0% Cu from 306.3m
2.1m @ 10.9g/t Au and 0.5% Cu from 323.3m
3.1m @ 14.5g/t Au from 227.0m
0.95m @ 56.3g/t Au and 0.8% Cu from 276.4m

Doray’s Managing Director Mr Leigh Junk said the Company was excited by the excellent results that have increased the understanding of the orebody and confirmed that strong mineralisation continued at depth beyond the boundaries of the current mine plan. “The Deflector orebody is open at depth and these drilling results highlight the many opportunities we have to define further extensions, and strengthens our confidence that the mine life can be extended beyond the current five years” Mr Junk said.

Pilgangoora Lithium-Tantalum Project receives environmental approval

Wed, 10/05/2017 - 11:58 (not verified)
Pilbara Metals

Australian lithium developer Pilbara Minerals Limited advised today that it has received its environmental approval for its 100%-owned Pilgangoora Lithium-Tantalum Project in Western Australia, marking the last of the major approval milestones for the project and clearing the way for construction to proceed.
The approval of the Company’s Mining Proposal by the Department of Mines and Petroleum (“DMP”), in combination with previously approved Native Vegetation Clearing Permit and Project Management Plan, authorises Pilbara to commence major site works.
Pilbara’s Managing Director and CEO, Ken Brinsden, said the completion of the extensive environmental approvals process by the DMP was a significant milestone for the Company, securing the necessary approvals to enable fullscale construction activities to begin.
“Pilbara has achieved an enormous amount in a very short period of time and, with these final environmental approvals now in place, the Company is firmly on track to becoming the next major lithium raw materials supplier globally,” he said. “With the achievement of each of these important milestones, we have continued to de-risk the Pilgangoora Project. “Now, with project financing just around the corner, our shareholders can look forward to steady news-flow as we complete major construction milestones on site and move into the full-scale development phase – putting us on track to begin commissioning the project from the first quarter of next year.”

Back to Koolan Island

Fri, 28/04/2017 - 12:19 (not verified)
Koolan island jobs

Mount Gibson Iron Limited (Mount Gibson) was pleased to announce Board approval to redevelop and restart production from the high grade Main Pit iron ore deposit at its Koolan Island mine in Western Australia, after a feasibility study confirmed compelling economics for the Project.
Extensive technical evaluation carried out over the last two years, including detailed design and multiple peer reviews by independent engineering experts, has confirmed a safe and viable design and construction method to rebuild the Main Pit seawall, which is required to dewater the pit and recommence production from the Main Pit Deposit. Seawall construction, pit dewatering and all other activities associated with restarting production are anticipated to take approximately 24 months to complete with Mount Gibson targeting first ore sales in early 2019.
Mount Gibson Chief Executive Officer Jim Beyer said:
“After two years of extensive work to identify and confirm a safe and effective design and construction method for rebuilding the Main Pit seawall at Koolan Island, it is extremely pleasing to commence construction on what is undoubtedly one of the world’s premier and most compelling high grade iron ore investment opportunities. Coming shortly after extending the life of our Mid West operations, the redevelopment of Koolan Island also re-establishes Mount Gibson’s status as one of Australia’s premier high-grade producers at a time of rapidly growing demand for premium quality iron ore products. Importantly, it also provides a long term platform for further value creation. Our substantial cash reserves and cashflow from existing operations give us the capacity to undertake this investment without any need to take on debt for the project and still pursue other attractive opportunities which may arise in the months and years ahead.” 
 

Foreign Investment Review Board Tick for Yancoal

Thu, 13/04/2017 - 12:17 (not verified)
Coal jobs

Today Yancoal Australia Ltd (“Yancoal”) anounced they have received confirmation from the Foreign Investment Review Board (“FIRB”) that the Commonwealth has no objection to Yancoal acquiring 100 percent of Coal & Allied Industries Limited (“Coal & Allied”) (“Transaction”), which owns an interest in the Hunter Valley Operations (“HVO”) mine and the Mount Thorley Warkworth (“MTW”) mines (together with associated assets), subject to compliance with existing governance conditions, which already apply to Yancoal’s current assets and standard tax conditions now applied to all FIRB approvals. Satisfaction of the FIRB condition precedent represents a critical milestone.
“Today’s FIRB approval is a positive step forward for Yancoal, its shareholders and the Hunter Valley, demonstrating the Australian Government’s support for continued investment into the local resources sector,” said Reinhold Schmidt, Chief Executive Officer. “Yancoal remains a key provider of employment, training and investment within New South Wales and we look forward to continuing to grow our operations.”
The Transaction remains subject to a number of further closing conditions, including Rio Tinto plc and Rio Tinto Limited shareholder approval and Yanzhou Coal Mining Company shareholder approval. The Transaction is expected to complete in the 3rd quarter of 2017

Cosmos Moving Forward

Mon, 03/04/2017 - 15:33 (not verified)
cosmos mining jobs

The acquisition of Cosmos from Glencore in 2015 is now paying dividends for Western Areas. Western Areas announced the results from the Cosmos Odysseus Pre‐feasibility Study, which demonstrates commercial viability of the Odysseus Project and the potential re‐start of nickel mining operations at Cosmos. With the successful completion of the PFS, the Western Areas Board has approved the Project to progress to the Definitive Feasibility Study stage.
The PFS base case findings indicate robust economic and nickel production metrics together with further significant upside opportunities, as well as a very low all‐in sustaining cash cost of operations.   The decision by the Board to commence a DFS underpins Western Areas’ strategy to develop a second operating region and thereby consolidate its position as a leading Australian nickel producer.  
Western Areas Managing Director Dan Lougher said that the PFS results demonstrate the healthy operational and financial characteristics of the Project.  
“The positive results from the PFS, combined with the recent drilling success achieved within 18 months of acquisition, demonstrate Western Areas’ ability to accelerate and deliver value from the Cosmos acquisition,” Mr Lougher said.
“Odysseus represents Western Areas’ next mining operation and the results presented today show that a significant nickel operation can be established for substantially less capital outlay than a stand‐alone greenfields development.”
“We are particularly pleased to have an operation that will have very low all‐in sustaining unit cost at US$2.77/lb, but also a project that does not require a significant capital investment over the next two years, which provides optionality and flexibility in development decisions.    Depending on market conditions, the Company also has the opportunity to complete early works where practicable and economic to do so.”
“We believe there are significant opportunities to drive further improvements in returns on this investment, including the potential for significant high grade resources below the existing deposit, as detailed in our announcement on 13 February 2017 of massive sulphide intersections of 5.3m at 15.2% nickel, including 3.4m at 22.0% nickel.    The assay from this intersection is the highest grade over a reasonable width ever recorded at Cosmos from 446,000 prior assays under different ownership.”
“Odysseus is a core growth asset for Western Areas with exciting upside potential and progressing this to DFS stage will ensure that Western Areas is ready to leverage an upswing in nickel prices.  Being a conventional underground nickel sulphide project, it is a great fit with our core skills and experience in hard rock underground mining and conventional nickel flotation at Forrestania,” Mr Lougher said.

Iron Ore Price back to $90

Fri, 17/03/2017 - 10:04 (not verified)
ironore jobs

What is happening to the iron ore price?
Fundamentals suggest, US$90 a tonne is a really good number and the iron ore producers have all suggested the $90 will not be supported for too long.
Supply continues to increase, particularly from Brazil and low cost sources and combined with higher production, and higher stocks at the ports, fundamentals all point down.
On the other hand, China's demand for higher grade iron ore continues to support these "high" prices.

New Nickel Discovery

Tue, 14/02/2017 - 10:22 (not verified)
Western Areas Jobs

Western Areas Ltd, was pleased to announce yesterday that the Company has intersected a new massive sulphide zone, including two super high grade results, immediately below the Odysseus North orebody at the Cosmos Nickel Complex (Cosmos).
The new intersections are 160m south of a high grade Inferred Mineral Resource of 0.05Mt @ 11.6% which forms part of the Odysseus North orebody. These intersections, when combined with results from geophysical surveys, represent a potentially significant extension to the high grade Resources at the broader Odysseus Project.
Key highlights include:

WAD002A intersected massive sulphide comprising 2.6m at 12.6% nickel, including 1.6m at 18.0% nickel;
WAD002W1W1W1 intersected massive sulphide comprising 5.3m at 15.2% nickel, including 3.4m at 22.0% nickel;
Down-hole electromagnetic (DHEM) surveys successfully completed in WAD002 identified two strong responses at downhole depths of 1,240m and 1,290m respectively. The 1,240m response is confirmed by drilling as mineralised massive sulphide; and
Potential to significantly extend existing high grade Resources at Odysseus North

Western Areas Managing Director, Dan Lougher, noted that the underexplored potential of the Cosmos Nickel Complex was one of the key drivers of the acquisition.
“On acquiring Cosmos, we had the clear view that the true potential of the project, both for more nickel near existing known orebodies and for new discoveries in a wider regional setting, had not been adequately tested,” Mr Lougher said.
“We’ve begun testing this view which has resulted in both strong potential for adding more high grade Resources near Odysseus North and some very promising exploration hits at Neptune, as reported recently. Additionally, we expect to convert more quantified Mineral Resources at Odysseus North to a higher confidence category and enhance our understanding of this significant deposit.
“Cosmos is starting to deliver on the opportunities we believe exist at the project, and we look forward to continuing this progress throughout the year,” Mr Lougher said.