Sunrise Resources plc’s option holder Tolsa USA Inc has received approval for a planned resource definition drill programme at the sepiolite project near Pioche in Nevada, USA. OPEN PIT MINING The US Bureau of Land Management has approved 24 drill holes, over a 2.5km by 2km area, scheduled to begin in mid-July. A truck-mounted auger […]
Equipment & Logistics
Hummingbird 2022 losses treble from challenges
Hummingbird Resources plc recorded more than a three-fold increase in losses while gold pour fell following issues with its mining contractor at the Yanfolila mine in Mali. FINANCES Full year results for 2022 showed revenue decreased to US$150.5 million (2021: $162.7m) while losses rose to £39.9m (2021: £12.7m). The company sold less gold at 80,445 […]
Cornish Lithium progresses revised Trelavour resource
Cornish Lithium has progressed work in preparation for a resource definition for its Trelavour hard rock project in Cornwall. FEASIBILITY STUDY The project is at the former kaolin pit near St Austell where lithium is present in mica minerals within the granite. The stability of the pit walls to reduce the risk of land slips […]
IOG to investigate Blythe H2 constrained flow rates
IOG plc will investigate a potential mechanical blockage downhole constraining flow in the Blythe H2 development well in the southern North Sea. ISSUES Remedial downhole equipment will be mobilised in the coming weeks and run in the well with the rig alongside, with H2 well shut in during these operations. The news follows gas […]
Tungsten West starts small-scale legacy production
Tungsten West plc has started small scale production of legacy tin and tungsten from its partially recommissioned mineral processing facility (MPF) at Hemerdon in Devon. LEGACY ASSETS REVENUE The material and a limited amount of residual material remaining in circuit, totalling just over 50 tonnes, was processed in the recommissioned dry section of the MPF’s […]
Cadence to save $28m by relocating Amapá rail loop
Cadence Minerals plc has identified savings of approximately US$28 million, or 24%, on the cost of refurbishing the port at the Amapá iron ore project in Brazil. UNLOADING The figure follows the company’s review of the scoping study, completed in March, and integration into the original pre-feasibility study published in January this year. “The savings […]