Uranium miner Energy Resources of Australia (Era) has completed a feasibility study for the closure of its Ranger project, in the Northern Territory. The closure and rehabilitation feasibility study has increased the rehabilitation provision from the A$526-million estimated at the end of 2017, to A$830-million.
Junior Indiana Resources has signed a nonbinding term sheet to form a joint venture (JV) with Aim- and TSX-listed Altus Strategies for exploration licences in the Mali gold belt. Under the terms of the agreement, Indiana could earn an 85% interest in the Lakanfla and Tabakarole gold projects, in western and southern Mali respectively, by reaching a number of earn-in milestones.
Diversified miner South32 has announced the election of Karen Wood as chair elect, to succeed David Crawford, effective from April 12. Crawford is expected to retire as chairperson and non-executive director of South32.
A definitive feasibility study (DFS) into the Nolans neodymium-praseodymium (NdPr) project, in the Northern Territory, has confirmed the project’s economics, with ASX-listed Arafura Resources planning to start project commissioning by mid-2022. At a capital cost of just over A$1-billion, the Nolans project is expected to deliver 293 000 t/y of concentrate, containing 4 357 t/y NdPr oxide, 135 808 t/y of phosphoric acid and 13 343 t/y total rare-earth oxide equivalent, over a mine-life of 23 years.
Lithium producer Altura Mining is hoping to raise A$28-million through a share placement and share purchase plan (SPP) to underpin the production ramp-up at its Altura lithium project, in Western Australia. Some 184-million shares will be placed to institutional and sophisticated investors, priced at 13c each, to raise an initial A$23-million. The placement price represents a 18.8% discount to the 30-day volume-weighted average price of Altura shares.
ASX-listed Intermin Resources has struck a settlement agreement with the administrators of Eastern Goldfields over the Menzies and Goongarrie farm-in joint venture projects in Western Australia. The settlement would see both the Menzies and Goongarrie projects return to the full ownership of Intermin, with the company saying on Thursday that all relevant mining and geological information would be returned to the company.
Diversified miners Glencore and South32 have both pledged A$1-million each for flood relief in Queensland. Several parts of Queensland have been declared disaster zones, with thousands evacuated on the back of a 1-in-100-year flood, with Townsville at the center of the catastrophe.
Underground mining services provider Barminco has been awarded a A$100-mllion contract from Hindustan Zinc at its Rampura Agucha mine, in India. Barminco has operated at Rampura Agucha since late 2016.
LSE-listed Bluebird Merchant Ventures was still targeting its first gold pour in South Korea before the end of 2019, joint venture (JV) partner Southern Gold reported. The JV is hoping to bring the Gubong and Kochang mines back to operation, with Bluebird expecting cash flow from the operations by 2020.
Gold miner Ramelius Resources has gained a 90% foothold in takeover target Explaurum, with the offer to close on February 22. Ramelius in December increased its offer for Explaurum by 2c a share in cash, and was offering Explaurum shareholders one of its own shares for every four Explaurum shares held, as well as 2c a share in cash for every Explaurum share held.