The Australian listed company UXA Resources has commenced its drilling exploratory program in the Nabarlek North Joint Venture project. The project is located in the Pine Creek, Northern Territory world class uranium province.
By Joel Scanlon
15 Aug 2011
Trans-Tasman Resources Ltd from New Zealand was pleased to announce that its iron sands resource estimate at the off-shore iron ore mineral resource has nearly doubled in size. The second official JORC compliant resource has been signed by an independent geological consultants Golders Associates.
By Joel Scanlon
15 Aug 2011
Legacy Iron Ore has begun its second phase of drilling exploration at the Mt Bevan Iron Ore Project. The deep reverse circulation drilling is to take place at the southern part of the banded iron formation (BIF) covering strike extensions at the 617 million tonne resource.
By Joel Scanlon
15 Aug 2011
The acquisition of Lihir has helped raise Newcrest Mining’s profits by 63%. The company announced a profit of $908 million in the year to the end of June. In comparison the previous year profits were $557 million.
By Joel Scanlon
14 Aug 2011
Cadillac Ventures has commenced its exploratory drilling program at the Burnt Hill project near Fredericton in New Brunswick. The Canadian project is a tin, tungsten and molybdenum project for which phase one of the three planned phases of exploration has begun.
By Joel Scanlon
14 Aug 2011
UQM Technologies has been selected to develop a unique motor that does not make use of rare-earth magnets. It will receive an advance of $3 million from the Department of Energy as part of the $175 million that it gives out for advanced vehicle research.
By Joel Scanlon
14 Aug 2011
Molycorp, Inc. announced its second quarter results with a record net sales of $99.6 million in the quarter. This was contributed to by a 58% increase in sales of rare earth oxides as compared to the previous quarter. The company saw a 314% increase in year over year rare earth alloy sales.
By Joel Scanlon
14 Aug 2011
Dragon Mining has good news from the Hangaslampi gold deposit in Finland. The exploratory drilling program at the gold deposit situated in the Kuusamo Gold project in the north of the country has found high levels of cobalt and rare earth elements in addition to the gold that it expected to find.
Macusani Yellowcake has pronounced further assay results from the drill campaign conducted at the two platforms, PT-CH2 and PT-CH17. These platforms are located at the Chilcuno Chico region of the Kihitian Property in Peru.
By Joel Scanlon
12 Aug 2011
Roxgold has extended the core drilling contract for 5000 m at the Yaramoko gold concession during mid-September. Moreover, the company is discussing for a further core drilling program of 5000 m later.
By Joel Scanlon
12 Aug 2011
Atacama Pacific Gold has announced continuous encouraging metallurgical results from the Cerro Maricunga gold project in northern Chile.
By Joel Scanlon
12 Aug 2011
Beaufield Resources has completed a month’s field work at the Schefferville iron property in Quebec. It has collected 700 grab-chip samples in total and these samples are being sent for analyzing the iron content.
By Joel Scanlon
12 Aug 2011
Elissa Resources has begun the core drilling program at the Sage Creek gold project. This project is situated in east-central Idaho, USA.
By Joel Scanlon
12 Aug 2011
Galaxy Resources Limited have posted strong production results for lithium at the Mount Cattlin spodumene mine and processing facility in Western Australia. The mine near Ravensthorpe in Western Australia has a spodumene concentrate production of 8,916 wet metric tonnes in the month of July. This is an increase of 25% compared to the month of June.