Neometals recycling pilot gets under way

ASX-listed Neometals has commissioned Stage 1 of its lithium-ion battery recycling pilot plant in Canada. The pilot project is intended to demonstrate Neometals’ mixed feed flowsheet, which will accommodate a variety of lithium-ion battery types from multiple sources. The plant is expected to verify assumptions made at bench-scale, and to generate marketing samples of products, while providing essential data required for a front-end engineering design study (FEED).

Intermin in exclusivity deal to buy Focus gold project

ASX-listed Intermin Resources has struck an exclusivity agreement with fellow-listed Focus Minerals over the Coolgardie gold project, in Western Australia. The five-month exclusivity period will allow the two companies to finalise formal documentation, and to secure all the necessary approvals, for the sale of the 2.1-million ounce Coolgardie gold project, which includes the 1.2-million tonne a year Three Mile Hill processing plant.

Australian Potash raises cash for Lake Wells studies

ASX-listed Australian Potash will raise up to A$5.2-million through a renounceable rights issue to complete a definitive feasibility study on the Lake Wells potash project, in Western Australia. The company on Monday said that it would offer three rights shares for every 14 shares held, at an issue price of 8c a share. The company is also offering one free attaching listed option, exercisable at 12c each, on or before August 8, 2021, for every four rights shares subscribed to.

White Cliffs looks at options for WA projects

Junior explorer White Cliff Minerals is looking to monetize its non-core Western Australian assets, following a strategic review. The company told shareholders that it has started discussions with various partners regarding its non-core assets, with options at the assets ranging from joint ventures of outright sales.

Red River tips start at Far West

Base metals miner Red River Resources is expecting to produce its first production ore from the Far West underground mine, in Queensland, by the third quarter of this year. To date, some 3 500 t of high-grade development ore has been delivered to the run-of-mine pad at the Thalanga operations, and this ore will be treated as a single parcel through the mill, enabling the metallurgical performance of the ore to be optimised.

Laneway gets a mining lease

Gold developer Laneway Resources has been granted a mining lease for its Agate Creek project, by the Queensland Department of Natural Resources, Mines and Energy. The start date of the mining lease is March 1, 2019, and Laneway is required to make rental payments and lodge financial assurances under the project’s environmental authority prior to the start of mining activities.

Miners rally around flood victims

Mining major BHP has donated A$250 000 to the Australian Red Cross to assist victims of the floods in Queensland, bringing the resources sector’s donation to the cause to nearly A$3-million. More than 1 m of rain fell over a period of nine days, causing the flooding of some 800 000 km2.

Spanish gold tempts Black Dragon

The Salave gold project, in Spain, could produce some 1.1-million ounces of gold in concentrate over a mine life of 14 years, according to the preliminary economic assessment released on Monday. ASX- and TSX-V-listed Black Dragon Gold said that the project would likely require a capital investment of $95.3-million, with the after tax net present value estimated to range between $184.7-million and $273.9-million, while the internal rate of return expected to be between 23% and 35%.

New Energy sells Mozambique’s Caula project to private investor

ASX-listed New Energy has struck a deal to divest of the remaining 50% interest in the Caula graphite and vanadium project, in Mozambique. New Energy has entered into a binding share sale and purchase agreement with private investment vehicle Auspicious Virtue Investment Holdings, which already holds a 50% interest in Balama Resources – the owner of the Caula project.