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Mining

PC Gold Ranks 37 Targets at Spring Hill with Nine Tier-One Prospects Ready to Drill

Historical intercepts underpinning the tier-one rankings include 16 metres at 4.12g/t gold from 63 metres at Steve's Gully (Ross Mining, 1994), 5 metres at 24.4g/t from 7 metres at First Bite (Acacia Resources, 1995-1996), and channel samples of 5 metres at 27.2g/t at Middle …

Aditi Sarkar | 29 October 2026

PLS Group Raises US$700 Million in Second US Bond Issue as P2000 Construction Begins

The bond proceeds support general corporate purposes including the P2000 expansion at Pilgangoora in Western Australia. P2000 targets processing capacity of approximately 2 million tonnes per annum of spodumene concentrate, with first production expected in the September 2029 quarter. The final investment decision was …

Aditi Sarkar | 29 October 2026

PMET Resources Wins C$1.2 Million Federal Grant for Shaakichiuwaanaan Access Road

The Shaakichiuwaanaan property is accessible year-round via an all-season road and is located near regional hydro-power infrastructure. The access road upgrade is intended to improve reliability and increase capacity to support the volume of traffic associated with mine construction and future operations. The release …

Aditi Sarkar | 29 October 2026

Pursuit Minerals Hits 995mg/L Lithium in Deep DDH-3 Packer Tests at Rio Grande Sur

The deep zone is significantly richer than the upper section of the hole. Samples between 70 and 160 metres returned 298 to 498mg/L, intervals around 330 metres returned 558 to 584mg/L, and the richer brines sit from approximately 400 metres down. The vertical hole, …

Aditi Sarkar | 29 October 2026

QMines Drills Widest Copper-Gold Intersection Yet Beneath Flooded Mt Chalmers Pit

Mt Chalmers was mined historically, and the pit has since filled with water. Drilling from a pontoon allows QMines to test material directly below the old pit floor without draining it. Exploration manager Tom Bartschi described 26MCDD053 as the best pontoon hole drilled to …

Aditi Sarkar | 29 October 2026

Rio Tinto Opens Fénix 1B and Sal de Vida in Argentina, Adding 25,000tpa Toward 200,000t Goal

Fénix 1B adds 10,000 tonnes per annum of lithium carbonate equivalent, lifting the Fénix operation's targeted capacity to approximately 40,000 tpa. Fénix, which began operations in 1997, is Argentina's original commercial lithium operation. Sal de Vida, approximately 20 kilometres northeast of Fénix, is a …

Aditi Sarkar | 29 October 2026

Chevron Signs Five-Year Gas Deal with South32 for Worsley Alumina Ahead of Alcoa Sale

Worsley combines an open-pit bauxite mine near Boddington with an alumina refinery near Collie. Refining is energy-intensive, and the refinery has historically used a mix of coal, biomass and natural gas. South32 has converted two of three coal-fired boilers to gas and is assessing …

Aditi Sarkar | 29 October 2026

Sandfire Resources Adds Second Drill Rig at La Juliana as Zinc-Rich Massive Sulphide Extends

Drilling has now defined approximately 160 metres of massive sulphide strike, with the system remaining open along strike and down dip. Downhole electromagnetic surveys suggest the sulphides could extend for at least 350 metres, and Sandfire considers the broader prospective horizon may run for …

Aditi Sarkar | 29 October 2026

Stanmore Resources Declares Dividend After South Walker Creek Sets Production Records

Group ROM coal mined was 5.3 million tonnes, saleable production was 3.4 million tonnes and sales were also 3.4 million tonnes. The average sales price rose 6% quarter on quarter to US$163 per tonne from US$154. Stanmore ended the quarter with US$231 million in …

Aditi Sarkar | 29 October 2026

Sunrise Energy Metals Lifts Syerston Capital Estimate to A$450–475 Million as US Debt Offer Conditional

The US Department of War's Office of Strategic Capital has offered a conditional, non-binding commitment of up to US$400 million in long-term debt for Syerston. The commitment is subject to due diligence, definitive financing documents, conditions precedent and regulatory approvals. A US listing pathway …

Aditi Sarkar | 29 October 2026
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