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via Mining.com.au Greenstone Resources Limited has launched a strategic technical review to assess near-term mining opportunities for its Phillips Find Mining Centre near Coolgardie in Western Australia. Phillips Find forms part of Greenstone’s Coolgardie Mining Centre — alongside the Burbanks mine — which hosts a global resource of 6.8 million tonnes (Mt) @ 2.4 grams per tonne (g/t) gold for 520,134 ounces of contained #gold. Of this resource, Phillips Find accounts for 700,000t @ 2.3g/t Au for 54,557 ounces of contained gold. #GSR’s Managing Director and CEO Chris Hansen says while a smaller resource than Burbanks, Phillips Find could be a source of near-term cashflow to support future growth. Learn more: https://loom.ly/rMXcR7s #GreenstoneResources #ASX

New mining leases have been granted to Alto Metals Ltd (ASX:AME) over the Bull Oak and Indomitable camps at the Sandstone Gold Project in Western Australia. The granting of these leases by the WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) bolsters Alto’s resource base and supports continued exploration and development at the project. The leases, M57/663 and M57/665, consolidate existing resources and historical workings, further de-risking the project and providing flexibility for future mining operations. Indomitable camp contains an indicated and inferred mineral resource of 210,000 ounces at 1.2 g/t gold, while Bull Oak hosts an inferred mineral resource of 65,000 ounces at 1.1 g/t gold. More at #Proactive #ProactiveInvestors #ASX #AME http://ow.ly/a7pr105C2jw

PEAK Asset Management’s Niv Dagan tells Mining.com.au the potential impacts the BHP (ASX:BHP) and Anglo American (LSE:AAL) proposed takeover could have on the broader market. Read here to find out. https://lnkd.in/gEC8RREr #miningnews #investment #asx #resources #mining

Brightstar Resources (ASX:BTR) could enjoy stronger gold production should it complete the acquisition of Linden Gold Alliance with the latter ramping up mining rates at the Second Fortune mine. Brightstar Resources #ASX $BTR

QMines Limited (ASX:QML) is a step away from securing a formal mining lease for the Mt Chalmers Copper and Gold Project near Rockhampton in central Queensland, having submitted a lease application following positive feedback from the Queensland Department of Resources. Mining lease number ML 100403 has been allocated to the project. In April, the company delivered a pre-feasibility study for Mt Chalmers, as well as a maiden ore reserve estimate in the proved and probable categories of 9.6 million tonnes at 0.65% #copper, 0.27% #zinc, 4.3% sulphur, 0.48 g/t #gold and 5.2 g/t #silver. In total, the project’s ore reserves are estimated to contain 62,600 tonnes of copper, 25,700 tonnes of zinc, 147,600 ounces of gold, 1.553 million ounces of silver and 418,000 tonnes of sulphur. More at #Proactive #ProactiveInvestors #CopperMining #GoldMining #MiningAustralia http://ow.ly/wcSx105CsjQ

Gold mining is becoming increasingly challenging due to difficulties in excavation, securing permits, financing, and operational complexities, as highlighted by the World Gold Council. #GoldMining #WorldGoldCouncil #MiningChallenges https://lnkd.in/dfDtcu6W

Weekly Mining Stocks Roundup (CSE: KBX) (CSE: AUMC) (CSE: NT) (TSXV: NAU) New TSXV listed Mining Stocks (TSXV: KRL) (TSXV: HEVI) (TSXV: NSU) (TSXV: ESPN) (TSX: NOC.V) (TSXV: RMR) (TSXV: RBZ) #stocks #stockstowatch #tsxv #miningnews #investing #stockmarket #investorideas

After achieving record production of 19,000 ounces at an AISC of A$2,878 per ounce, Ora Banda Mining Ltd (ASX:OBM) is undervalued for a potential 150,000 ounces per annum producer, according to Foster Stockbroking. In a research report, Foster said that the 11% quarter-on-quarter increase in production came despite heavy rainfall during June which impacted production by 2,600 ounces. The company also had stronger sales of 18,000 ounces (+8%) at a better price of A$3,530/ounce (+11%), which offset the 6% increase in AISC and led to a 19% increase in revenue to A$64 million. Foster said Ora Banda had hit FY24 production guidance at 70,000 ounces (+46% YoY) resulting in higher revenue of $214 million (+58% YoY).   More at #Proactive #ProactiveInvestors #Gold #GoldMining #GoldStocks #GoldProduction #MiningAustralia #BrokerResearch #MarketResearch http://ow.ly/Lfzm105Ev6i

Salares Norte is the first greenfield project in Chile in over a decade and, according to Gold Fields, it will create 900 permanent jobs and contribute nearly $800 million in direct and indirect taxes over its current 11-year productive life. 

Coverage stock Auric Mining Limited (ASX:AWJ) is a gold story that is worth keeping an eye on, as it enjoys a gradual market re-rating based on its appeal as a relatively low-risk, fully-funded growth situation. AWJ is a junior gold explorer and producer, with a portfolio of projects that are situated within the prolific Eastern Goldfields of Western Australia – comprising Jeffreys Find, Widgiemooltha and Spargoville. The company’s relatively low-risk incremental growth strategy is based upon self-sustaining development at each of its planned gold operations. By the end of 2023, Stage One mining had been completed at Jeffreys Find, with 9,741 ounces of gold sold for $29.28 million in gross revenue (from 175,865 tonnes processed), generating a net cash surplus of $9.53 million (of which AWJ’s 50% share was $4.77M). Stage Two mining at Jeffreys Find will commence this week, with the aim of extracting a minimum of 300,000 tonnes of ore (70% more than Stage One). AWJ held $4.5M in cash reserves at the end of 2023. By being prepared to retain a 50% stake in Jeffreys Find project net cashflows, AWJ has avoided the time, complexity and costs of mobilizing equipment and hiring contractors independently, as well as eliminating the requirement for it to fund its proportionate share of working capital for the project. With BML handling the mining operations, AWJ can realise returns from Jeffreys Find far quicker than if it was running the project on a stand-alone basis. This has also enabled AWJ to take full advantage of the strong A$ gold price environment and also enables AWJ to focus on moving its second project, Munda, towards production, in late 2024/early 2025. #gold #equities #commodities #resources #mining #ausbiz