Author: backoffice

Highlights Peter Harold, Managing Director and CEO commented “the discovery of tungsten at Western Queen has demonstrated the huge optionality that we have in our extensive tenement portfolio. The assay results from the 2021 drill pulp samples have confirmed that we have made a significant tungsten discovery at Western Queen. This is brilliant work by...

Importantly the agreement with Encore Minerals to develop the Windarra Gold and Nickel Tailings using Draslovka’s Glycine Leaching Technology is unaffected by the termination of the agreement with Mt Morgans. Encore Minerals intends to use proprietary Glycine Leaching Technology (GlyCatTM + GlyLeachTM) to process the Windarra gold and nickel tailings and potentially the Lancefield gold...

Tech investors were eyeing results from major companies as the last week of August unfolded. OpenAI also made headlines — it is reportedly in discussions to launch a substantial funding round that could give it the distinction of being the highest-valued artificial intelligence (AI) startup to date. Stay informed on the latest developments in the...

Welcome to the Investing News Network’s weekly look at the best-performing Canadian mining stocks on the TSX and TSX Venture Exchange, starting with a round-up of Canadian and US data impacting the resource sector. The rise was attributed to higher government expenditures, business investments in engineering structures, machinery and equipment along with an increase in...

Greenstone is currently in its ramp-up phase, with commercial production expected to commence in the third quarter of 2024. In recent months, the mine has achieved significant production milestones, pouring approximately 2,625 ounces of gold in May, 13,625 ounces in June and 19,750 ounces in July. Furthermore, the mine’s processing facility has reached over 60...

SNAKE AND AC/DC LITHIUM PROJECTS, JAMES BAY REGION, QUEBEC: Field activities at the Company’s Snake Lithium Project were conducted between June 17 to June 26th, 2024, targeting pegmatitic dykes, known mineral occurrences, and areas with the potential for spodumene mineralization. Access to the project site was facilitated by an AS350BA+ helicopter provided and piloted by...

The global biotechnology sector is on track to become a multi-trillion dollar industry. The major factors driving this growth are a strong clinical pipeline of precision medicine and regenerative technologies, as well as a rising demand for treatments for chronic diseases such as cancer, diabetes and neurological disorders. Year-to-date gain: 284.06 percent; market cap: AU$193.79...

Resourcing Tomorrow is set to return from December 3 to 5 at the Business Design Centre in London. This year’s conference will spotlight the mining industry’s role in accelerating the global energy transition. With over 2,000 participants from more than 100 countries, the event promises to foster collaboration and innovation, bringing together industry leaders, policymakers,...

Reporting period Report for the current period is for the year ended 30 June 2024. Prior corresponding period information is for the year ended 30 June 2023. Results for announcement to the market Dividends No dividends were paid or declared during the financial period and it is not proposed to pay dividends. No dividends have...

KEY HIGHLIGHTS Financial overview: With a continued focus on profitability and cash preservation, the Company achieved its lowest half-year expenditure since listing. This was highlighted by a 34% year-on-year (“YoY”) reduction in EBITDA loss to $2.4m (H1 2023: $3.6m), marking strong execution of the Company’s stated strategy to reduce expenditure and push towards profitability. Gross...