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Tag: investing news
Lucapa to Divest Stake in Mothae Diamond Mine After Mixed Q1 Results
In Q1, the company’s Lulo mine in Angola sold 8,746 carats, generating US$9.4 million in revenue. While there were no exceptional diamond tenders during the quarter, a tender in early Q2 attracted US$10.5 million for three high-quality Lulo diamonds, significantly bolstering the company’s financials. A cutting and polishing partnership added an additional US$0.2 million in...
Brightstar Resources
The company also owns an existing processing facility that can potentially provide tremendous shareholder value in a low-capital cost restart scenario. That plant, once fully refurbished and operational, could prove a key differentiator for the company, enabling fast gold production at a low capital cost. This is especially noteworthy given that many other gold companies...
5 Key Announcements from Google's I/O Event
During the event, Google’s development team marked a new era in artificial intelligence (AI) by showcasing advances in Gemini, its AI assistant, along with other AI products and features across its portfolio. Read on to learn about five of the most important takeaways from the event. Aside from that, the company revealed it will be...
Impact funded to complete Pre-Feasibility Study at the Lake Hope High Purity Alumina Project, WA
Impact Minerals’ Managing Director Dr Mike Jones, said, “We are now very well-funded to complete the Pre-Feasibility Study on our unique Lake Hope High Purity Alumina Project located here in Western Australia by the end of this year. We have deliberately placed most of the shares to our major shareholders which is a strong endorsement...
Resource Drilling Commenced at Butcherbird Project – Updated
The additional drilling will provide infill data aimed at converting the inferred resources to indicated or measured categories to support the re-estimation of mine reserves. The increase in the “reserve tail” may open the project up to a wider range of potential financiers in addition to NAIF, who are currently undertaking due diligence2. HIGHLIGHTS The...
Lancaster Resources Progresses Permitting for Alkali Flat Lithium Project
“Hopefully we can get started within the next 30 to 60 days,” said CEO Penny White. “Basically we’ll be doing our exploratory well, which is really just a drill that will go down about 700 meters. And what we’ll be able to do is explore that to really interesting targets that we’ve delineated through all...
High Priority Bedrock Gold Target Identified – Amended
An updated announcement is attached, which includes a JORC Table 1 and 2 with details of the Offset Pole-Dipole IP survey conducted by the Company in May 2022. To clarify, the gravity image presented in Figure 5 of the above Announcement was produced by gridding open file gravity data over the project area downloaded from...
Functional Mushrooms: A Growing Opportunity
Berries aren’t the only superfood making waves in recent years. Mushrooms have been gaining a great deal of popularity amongst consumers, particularly as knowledge about their benefits continues to spread. A special class of fungi, known as functional mushrooms, are of particular interest to mushroom enthusiasts, driving a movement toward functional living and greater health...
Prospect Ridge Resources: Emerging Precious Metals Explorer Near the Golden Triangle
Exploration at Knaus Creek has revealed high-grade mineralization comprising gold, silver, copper, lead and zinc. The Copper Ridge zone, which is in the southern part of the Knauss Creek property, is particularly interesting. During 2023, a total of 241 samples were collected from this area. The assays from outcrop samples have extended the Copper Ridge...