MMG Limited’s Post

Ecora Resources PLC CEO, Marc Bishop Lafleche and CFO, Kevin Flynn provide highlights of the 2024 Half Year Results.  “Our portfolio contribution in the first half of 2024 was up 15% year-on-year, driven by a strong performance from Kestrel. H2 portfolio contribution is expected to be principally weighted to the Group’s other producing royalties including production volume growth at Vale's Voisey’s Bay and Capstone Copper's Mantos Blancos mine. Further production growth at Voisey’s Bay is expected thereafter as underground operations ramp-up up to steady state production levels. “Capstone Copper’s updated Feasibility Study on the Santo Domingo project reiterated the project’s robust economics and potential to operate within the lowest cost quartile of global copper mines. BHP’s decision to temporarily suspend operations at its Australian Nickel division, in light of current nickel market weakness, including the construction of West Musgrave, was disappointing but we remain confident in the project’s potential as a low-cost producer of nickel and copper. “We have seen a strong uptick in opportunities to further grow our portfolio, which we continue to evaluate applying our stated investment criteria and a capital allocation priority to maintain a strong balance sheet.” www.ecora-resources.com #ECOR LSE: $ECOR | TSX: $ECOR | OTC: $ECRAF

Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) is delighted to confirm that the Company has been granted a long awaited Land Easement via Supreme Resolution providing access to the surface areas corresponding to its wholly owned El Metalurgista Concession and Quiulacocha Tailings Project, where the Company will perform its exploration drilling campaign, marking a major milestone for the Company. The Resolution, which overrides deadlock with the State-owned Activos Mineros SAC, enforces the Company’s legitimate rights as holder of the El Metalurgista Concession, to explore and in due course exploit the QT Project. Following concerted action led by the Ministry of Energy and Mines and a rigorous process, the Government signed the Supreme Resolution, thus marking the start of the full-scale project in Cerro de Pasco. Easements of this type have only been granted a handful of times in the past in Peru. Guy Goulet, CEO: “This is a very significant development for CDPR, we have pursued this Easement for several years and were able to satisfy requirements every step of the way, overcoming the deadlock with AMSAC. We had hoped to get here sooner but recognize that the sign-off on a special instrument of this nature requires a very detailed level of diligence. The fact that we have achieved this milestone gives us significant comfort that subsequent stages can be executed more quickly due to this precedent. I would like to express my thanks to the various authorities who have guided us through this process. This is a project that is fully supported by the local community, it is a project that the city of Cerro de Pasco needs. It brings innovation, health and environmental benefits, and much-needed revival in the local economy. It is also considered one of the largest above-ground resources on the Planet, with considerable precious and critical metal values.” https://lnkd.in/gZCuvCSZ #CerroDePasco #CDPR #MiningNews #LandEasement #ExplorationDrilling #ElMetalurgista #QuiulacochaTailings #PeruMining #MiningMilestone #ActivosMineros #MinistryOfEnergyAndMines #SupremeResolution #MiningRights #GuyGoulet #CommunitySupport #EnvironmentalBenefits #LocalEconomy #PreciousMetals #CriticalMetals #MiningInnovation

Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) is delighted to confirm that the Company has been granted a long awaited Land Easement via Supreme Resolution providing access to the surface areas corresponding to its wholly owned El Metalurgista Concession and Quiulacocha Tailings Project, where the Company will perform its exploration drilling campaign, marking a major milestone for the Company. The Resolution, which overrides deadlock with the State-owned Activos Mineros SAC, enforces the Company’s legitimate rights as holder of the El Metalurgista Concession, to explore and in due course exploit the QT Project. Following concerted action led by the Ministry of Energy and Mines and a rigorous process, the Government signed the Supreme Resolution, thus marking the start of the full-scale project in Cerro de Pasco. Easements of this type have only been granted a handful of times in the past in Peru. Guy Goulet, CEO: “This is a very significant development for CDPR, we have pursued this Easement for several years and were able to satisfy requirements every step of the way, overcoming the deadlock with AMSAC. We had hoped to get here sooner but recognize that the sign-off on a special instrument of this nature requires a very detailed level of diligence. The fact that we have achieved this milestone gives us significant comfort that subsequent stages can be executed more quickly due to this precedent. I would like to express my thanks to the various authorities who have guided us through this process. This is a project that is fully supported by the local community, it is a project that the city of Cerro de Pasco needs. It brings innovation, health and environmental benefits, and much-needed revival in the local economy. It is also considered one of the largest above-ground resources on the Planet, with considerable precious and critical metal values.” #CerroDePasco #CDPR #MiningNews #LandEasement #ExplorationDrilling #ElMetalurgista #QuiulacochaTailings #PeruMining #MiningMilestone #ActivosMineros #MinistryOfEnergyAndMines #SupremeResolution #MiningRights #GuyGoulet #CommunitySupport #EnvironmentalBenefits #LocalEconomy #PreciousMetals #CriticalMetals #MiningInnovation

Did you know that the Port of Port Hedland & it's Supply Chain support 1 in every 9 full time jobs in Western Australia? PHIC has released the third edition of The Economic Significance of the Port of Port Hedland report compiled by ACIL Allen. This economic study assesses the 2022-23 fiscal year and includes projections for the 10 years from 2022-24 to 2032-33. PHIC members — Pilbara Ports, BHP, Fortescue, Roy Hill, Mineral Resources Limited, Pilbara Minerals Limited, and Consolidated Minerals ConsMin contributed production and financial details for the report. Publicly available information for port users Atlas Iron Pty Ltd, Rio Tinto (Dampier Salt), Newcrest Mining Limited and Element 25 Limited was also used as part of the financial modelling. Read the report here... https://lnkd.in/gq8d8BaK #mining #porthedland #portofporthedland #turtlestotankers #collaboration #engagement #workingtogther #environment #export #economicoutput #employment #taxation #royalties Town of Port Hedland Kirsty Danby Chantel Cullen

Erdene Resource Development Corp. TSX.ERD | MSE.ERDN | OTC. ERDCF Construction going well at Bayan Khundii Gold Project 6 Dec 2023 #mse #tsx #MiningIndustry Erdene Resource Development Corp CEO Peter Akerley joined Steve Darling from Proactive to provide an update on the progress at the Bayan Khundii Gold Project, highlighting several significant milestones and accomplishments. The construction at the Bayan Khundii Gold Project is well underway, with early works and site establishment activities nearing 80% completion. This includes the installation of temporary facilities, aggregate production, construction of temporary site roads, and the initiation of process plant civil works. Akerley mentioned that the project has successfully ramped up its workforce, with approximately 340 employees and contractors on site as of September. This workforce expansion is crucial for the efficient execution of the project. The remaining detailed design and shop fabrication drawings are progressing as scheduled with substantial completion expected in the first quarter of 2024. This demonstrates the project's adherence to its timeline. The CEO reported that long lead and critical equipment orders are on track, and the first deliveries are scheduled for late Q4 2023. This ensures that the necessary equipment will be in place to support the project's development. Erdene Resource Development Corp continues to fulfill its commitments to the community and stakeholders. This includes repairing and upgrading approximately 30 kilometres of off-site roads and providing mine equipment operator training to residents of Bayankhongor province, with a significant portion of trainees securing full-time operator employment. The company has also made progress with its gold exploration program at the Greater Dark Horse prospect. Drilling has intersected anomalous gold and/or indicator elements in 16 of 18 holes, showcasing the prospect's mineralization potential. Additionally, an IP survey covering a 9-square-kilometre area has identified several targets for further exploration. A trenching program near the surface has returned anomalous mineralization in multiple areas, highlighting the prospect's potential for future development. #proactiveinvestors #erdeneresourcedevelopmentcorp #tsx #erd #mse #erdn #mining #MiningNews #ConstructionUpdate #GoldProduction #CEOInterview #ResourceDevelopment #MiningIndustry #ProjectMilestones #InvestmentOpportunity #GoldMarket #BusinessUpdates #MiningProgress #EconomicDevelopment #MMCpartnership #ExplorationGoals #FinancialGrowth #CorporateSuccess #StrategicPositioning #IndustryInsights #MarketTrends #PreciousMetals #InfrastructureDevelopment #MiningInvestment #GlobalEconomy #FutureProspects#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

VHM Limited is getting construction ready in anticipation of the outcome of the approvals process for the Goschen Project’s Environment Effects Statement. The Goschen Rare Earths and Mineral Sands Project is expected to inject $2.0 billion into the local Loddon-Mallee region through direct and indirect business engagements as well as adding a further $1.3 billion to the Victorian economy. We encourage materials and services suppliers to register your interest in getting involved in the Goschen Project via Industry Capability Network - Victoria. ICN Victoria is supported by the Victorian Government and serves as a vital link between local businesses and major projects in the state, facilitating partnerships that create jobs and drive economic development. Register your interest to supply the Goschen Project today: https://lnkd.in/gmMWYhuT Major projects like Goschen offer Victorian businesses the chance to not only participate in state and regional economic growth but also to pioneer new industries in Australia. Through developing Australia’s critical minerals mining and processing capability, we have the opportunity to build a more resilient and sustainable economy and lay the foundation for future generations to thrive. #VHMGoschen #CriticalMinerals #REEVictoria #Loddonmallee #Supplychains #localeconomy #businesspartnerships

Agnico Eagle Mines Limited LaRonde Mine — Environmental Excellence is one of this year's recipients of the Towards Sustainable Mining (TSM) Awards celebrating excellence and leadership in sustainable development for their transition to filtered tailings management. Since 1988, the LaRonde Complex had been utilizing slurry tailings deposition, reaching maximum storage capacity over the years. Seeking additional storage space became imperative, and after a comprehensive study and stakeholder consultation, a decision to transition to filtered tailings was made. LaRonde is the first Canadian mine to complete the transition of stacking tailings on top of slurry beaches inside of existing tailings storage facilities. Through various key innovations, this approach will help to reduce the environmental footprint, minimize risk, support reclamation, and improve cost management. These tangible outcomes reaffirm Agnico Eagle’s commitment to sustainable and responsible resource management. Congratulations! #CIMawards #CIMCONNECT #TSM #futureofmining

New virtual event! Join us for an important briefing on emerging requirements for mining companies (Modern Slavery Act) on Tuesday May 28th, noon ET / 9 am PT. There is no cost to attend. Link to register in comments. A new piece of legislation, Canada’s Fighting Against Forced Labour and Child Labour in Supply Chains Act, came into force on January 1, 2024, requiring applicable Canadian entities to publicly report on efforts to address modern slavery in their supply chains. As the first deadline fast approaches (May 31 2024) and requires Board approval, many mining organizations are facing challenges on how to navigate the new regulatory compliance requirements and the nuances of combating forced and child labor in a global supply chain. BIG | Best In Governance CEO and founder Ivy (Ivanna) Lumia will host 2 speakers, Florent Bouguin, Chief Technology Officer at OPTEL and Samantha McDonald, PMP, Portfolio Project Manager at BIG, who will be discussing the new Act and its implications for mining companies. Join us for a dynamic, multi-lens discussion on what the Act may mean for the you and how some organizations are addressing the governance of modern slavery. Our panelists will discuss best practices in mitigating modern slavery risks in the supply chain, balancing board and management accountability, and actionable insights necessary to meet the evolving regulatory obligations and stakeholder pressures. Link to RSVP in the comments. #miningevolved #changingfaceofmining #newrequirements

Sehlare Sa Meetlwa is Your Partner in #OperationalReadiness for #MiningProjects & #ConstructionProjects. Ensuring a smooth transition when starting up a new facility or process is critical for project success. At SSM, we understand the importance of preparedness. We offer comprehensive Operational Readiness Planning services, designed to minimise risks and maximise efficiency for your Mining and Construction Projects in the #NorthernCape. The SSM Approach to Operational Readiness: • Conduct Operational Readiness Assessment to identify the gaps • Develop the Operational Readiness Plan (Scope, Schedule, Cost) • Implement and manage the execution of the Operation Readiness Plan Operational Readiness involves various aspects, and some of these include: • Developing robust operational procedures tailored to your specific facility or process. • Ensuring training planning to prepare your team for a seamless handover. • Identifying and mitigate potential operational risks through proactive planning. • Optimising processes for maximum efficiency and productivity. By partnering with SSM, you can achieve a successful launch and unlock the full potential of your new facility or process. Contact us today to discuss your specific needs! #EngineeringPartner #MiningIndustry #ConstructionIndustry #SSM

A year ago today we signed a milestone #agreement with Vale to consolidate the West Graham and Crean Hill 3 properties into one contiguous land package. At the time, SPC’s CEO Grant Mourre hailed this development as a transformative growth opportunity for our company – and he was not wrong! Last week, 12 short months after concluding this agreement, we released our maiden Mineral Resource Estimate for West Graham where we see the potential for a low-cost, open pit near-term path to production (Details here: https://bit.ly/4249gYo). Not only that, but the project also retains significant exploration upside. Our MRE is a vital step towards unlocking and realizing that potential. Read the original agreement announcement here: https://bit.ly/3U4YuiV  #anniversary #nickel #criticalminerals