As September begins, gold is facing a familiar challenge — the month is historically marked by price declines. September is also typically the worst month for US stocks, but a strong month for the American dollar. This pattern has raised concerns among investors and analysts alike, who are debating whether the factors that have bolstered...
Author: backoffice
LNP to Give AU$2.5 Million to Expand Queensland Minerals and Energy Academy
The funds will be used to build a pipeline of resource workers for Queensland’s future, with AU$2 million allotted to boosting the academy and AU$500,000 intended to increase the number of women in operating and technical roles. “The Queensland Minerals and Energy Academy played a critical role in developing a secure pipeline of skilled workers...
New Government, Economic Reforms Spark Renewed Interest in Argentina’s Resource Sector
During the 1920s, Argentinians had higher incomes than the French, Italians and Spanish. Millions of immigrants from across Europe and South Africa arrived in Buenos Aires. The Jewish population in Buenos Aires was larger than everywhere, except New York. Without taxing or registering immigrants, Argentina was truly a “free” country. Immigration influx, natural wealth, small...
Clarification to Chariot’s ASX Announcement dated 30 August 2024
As disclosed in the Original Announcement: Chariot disclosed the mineral resource estimate stated in Figure 1 (the “Horizon NI 43-101 Mineral Resource Estimate”) in relation to the Horizon Lithium Project in the Original Announcement which was prepared by Pan American Energy in accordance with Canadian National Instrument 43-101 (“NI 43-101”) standards. This mineral resource estimate...
Surrender of Lease for Bibra Lake Premises
Highlights: The Company will continue to offer data centre services to new and existing customers through the use of third-party data centre providers, and will look to relocate all existing profitable customers to an alternative data centre in Perth, where those customers will continue to be serviced by Adisyn. Adisyn will undertake the decommissioning and...
POSCO to Invest US$40 Million in Black Rock Mining in Graphite Offtake Deal
The companies have entered several binding agreements, with the investment set to take place in two tranches. In return for the funds, which will boost POSCO’s stake in Black Rock from 10.1 percent to 19.99 percent, Black Rock will grant POSCO long-term fines offtake of graphite concentrate from Module 2 at its Mahenge project. Located...
Licence Application Granted for Ulytau Uranium Project
HIGHLIGHTS The Northern application sits to the north of the Ulytau Uranium project tenement and immediately North of the historic Bota Burum Uranium mine. The Northern licence application area is ~39 km2. The northern tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area1. C29 Metals Managing Director,...
1km Long Copper Zone Grading up to 3% Discovered at Ti-Tree
Augustus Minerals has received new assays from ongoing field work and rock chip sampling programs conducted on the new Nero prospect at the Ti-Tree Project. Mapping and field work is continuing to identify suitable drilling platforms for future programs to be conducted. New Nero Prospect Mapping along structures 3.7km along strike northeast of Claudius (6.6%...
Update to Entitlement Offer Timetable
Amendments to the timetable have been made given the initial estimated date of the Extraordinary General Meeting of Shareholders (‘EGM’) for the transaction has been moved to Friday, 13 September 2024. The updated timetable for the entitlement offer is as follows: The above dates are indicative only and subject to change. For further details, refer...
Turkey Eyes Chinese Partnership to Develop Rare Earths Deposits
Turkey is looking to collaborate with China on rare earths processing as part of a broader initiative to bolster the country’s presence in the electric vehicle (EV) and battery markets. Under the leadership of President Recep Tayyip Erdogan, the Turkish government has been proactive in seeking Chinese involvement in the exploitation and processing of rare...