Feasibility Study Update Zanaga Iron Ore Company Limited (AIM: ZIOC), is pleased to announce the results of the 2024 Feasibility Study update process, which underlines the robust economics of the Zanaga 30 Mtpa staged development. 12Mtpa Stage One Haematite Development - Capital investment of US$ 1.94 billlion - Operating cost of US$ 31.5 / dmt FOB - Net Present Value of US$ 3.68 billion - Internal Rate of Return of 26.2% 18Mtpa Stage Two optional Magnetite expansion - Capital investment of US$ 1.87 billion - Operating cost of US$ 24.9 / dmt FOB - Total combined Net Present Value of US$ 7.36 billion - Internal Rate of Return of 28.2% More details can be found via the link; https://lnkd.in/eDh_vpAr
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📢Mineralogy and Metallurgical Studies identify Unique Opportunity for Onsite Processing to Deliver High-Value Product📢 ✅Study results show favourable mineralogy and metallurgy in the high-grade titanium samples drilled at Pitfield ✅Titanite, a calcium titanium silicate, is confirmed as the most abundant Ti-bearing mineral ✅Titanite is a "non-refractory" mineral and is amenable to a simple low temperature acid leaching process to liberate the titanium ✅The conceptual processing flowsheet that is being tested will not require an energy intensive, on-site smelting process. ✅The final product from the leaching stage is expected to have a very high TiO₂ concentration which would make it a highly desirable feedstock for a titanium dioxide pigment producer. ✅Based on Q4 2023 rutile market supply and demand forecasts the price range for rutile is in the order of US$1,880/t to US$2,180/t ✅Additional opportunity has been identified to further refine the TiO2 product and make a very high value pigment-quality product on-site for sale directly to end users for use in the manufacture of paints and coatings, plastics and paper. https://lnkd.in/eVwRkaMn
FAVOURABLE METALLURGICAL CHARACTERISTICS CONFIRMED
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#Rareearths have become a permanent fixture on national critical metals lists around the world. Learn more about the biggest #Rareearths #stocks on the world's top stock exchanges. https://bit.ly/4cyLTee
Rare Earths Stocks: 9 Biggest Companies in 2024
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We are pleased today to announce that new mineral processing testwork at our Taronga Tin Project in Australia suggests better recoveries than those previously reported and used in the Definitive Feasibility Study. Highlights include: - Crushing recovery of 91.2% of contained tin - Coarse gravity circuit recovery of 82.9% of gravity feed tin - End to end recovery of 75.6% tin to a 66.7% Sn concentrate Our CEO Bill Scotting commented: “The results of this testwork are very encouraging and confirm the readily treatable and upgrading nature of the Taronga mineralisation. Recoveries of over 75% tin from a higher-grade sample to a high-quality concentrate from the simple, coarse gravity tin circuit are much better than the recoveries used in the recently announced DFS. Potential for even higher recoveries can also be seen with slight modifications to the current process plant design. It is proposed to collect more samples to repeat this work and confirm these excellent recoveries.” View: https://lnkd.in/dQd7kXTU #FirstTin #Mining #MineralProcessing #Taronga #Australia
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We have published our Portfolio Review for the month of September. We look at the blithe attitude of the Western public, and particularly precious and base metals investors, towards the risks associated with their favourite safe haven investments as the world drifts closer to a war scenario. We review the goings on at #LMEWeek, where the battery metals crowd were garbed in sackcloth & ashes. #lithium We then look at the two new additions to our Model Resources Portfolio, ideas that came out of our presence at the Nordic Mines conference in Stockholm. And finally we look at odious stock buybacks that benefit managements over and above investors. https://lnkd.in/eCPU3Rgw
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We are pleased today to announce that ongoing mineral processing testwork for the Definitive Feasibility Study at our Taronga Tin Project in Australia continues to show improved recoveries. The crushing results show: - Conventional crushing recovers 72.5% of tin into 46.5% of mass grading 0.16% Sn in the minus 2.8mm fraction. - Single pass vertical shaft impact (VSI) crushing of the plus 2.8mm fraction from the above conventional crushing, recovers an additional 11.7% of tin into 11.0% of the initial mass, grading 0.08% Sn, to the minus 2.8mm fraction. - By combining the two minus 2.8mm fractions, a total of 84.2% of the initial tin is recovered to 57.5% of the initial mass with a grade increase from 0.10% Sn to 0.15% Sn. This is an improvement from the 82% recovery previously reported on 18 September 2023 for the HG sample (0.18% Sn). The gravity concentration result for the bulk LG sample previously reported on 7 March 2024 was 71.5%. By combining the crushing and gravity concentration results, a total recovery of 60.2% has been achieved. Our CEO Bill Scotting commented: “These excellent results build on our existing knowledge of the mineral processing characteristics of the Taronga tin deposit gained from work undertaken over the last 40 years. Achieving a 60% overall recovery rate for the LG material closely aligns with the data obtained by Newmont, substantially de-risking the project by demonstrating that recoveries are good for this below average grade material. If the gravity results from the second high grade sample are shown to be similar to those obtained for the LG sample, the overall recovery for the deposit will be significantly better, positively bolstering the project’s economics. We look forward to the upcoming results.” View: https://lnkd.in/eyh-hurC #FirstTin #1SN #Tin #Taronga #DFS
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Alien Metals is pleased to announce the granting of a Mining Lease for its Hancock Iron Ore Project by the Western Australian Department of Mines, Industry Regulation and Safety. This 21-year lease, valid until 17 April 2045, signifies a key milestone towards development and provides security of tenure for the project. The Company has also made significant progress on several key fronts: - Execution of Heritage Agreements with the Karlka Nyiyaparli Aboriginal Corporation RNTBC ("KNAC") for relevant Hancock Project licenses. Granting of a Miscellaneous Licence allowing construction of essential infrastructure for site access. - Execution of a conditional, non-binding Memorandum of Understanding with Pilbara Ports for potential iron ore export access through their Utah Bulk Handling Facility. - Signing of a Mining Agreement with KNAC for the Hancock Project. Completion of a Development Study confirming project economics and prospectivity. - Granting of the aforementioned Mining Lease (M47/1633). Guy Robertson, Executive Director of Alien Metals, commented: "The granting of the Mining Lease represents a significant step forward for the Hancock Project. The Company has made substantial progress and is currently engaged in discussions with various parties regarding development funding. Our technical team is focused on mining proposal submission, environmental assessment, and strategies for increasing project value through resource and reserve expansion. Additionally, the necessary heritage clearances will be pursued." #AlienMetals #IronOre #Mining #HancockProject #AIM Read the full announcement here: https://lnkd.in/eVx_b8Tk
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We are pleased today to announce an updated Mineral Resource Estimate for our 100% owned Tellerhäuser Tin Project in Germany, completed by independent geological consultants DMT Group. The MRE has been prepared in accordance with the 2012 JORC Code & Guidelines and based on the additional information obtained from archives in Hartenstein and Chemnitz. Our CEO Bill Scotting, commented: “This increased MRE is a large step forward for us at our Tellerhäuser project in Germany. In a world requiring more tin, but with few advanced projects such as ours, increasing our resources from historic drilling data mining is extremely valuable. The additional data from the equivalent of 1311 drillholes and channel samples has enabled a more robust resource model with significantly more tonnes. The increase in tonnage, especially in the Indicated category, allows us to consider a longer mine life in economic evaluations.” View: https://lnkd.in/ea2RRNKA #FirstTin #1SN #Tin #Tellerhäuser #MRE
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💬 BR Weekly Round Up. Take a look at some of our client's news this week... Mon Emmerson Plc (EML) - Ministerial Committee Upholds Referral of Environmental Approval https://ow.ly/Kx3H50QUzFw Marula Mining PLC (MARU) - Results of General Meeting https://ow.ly/HuA250QUzFu Sylvania Platinum Limited (SLP) - Share Buyback https://ow.ly/JeIs50QUzFm Union Jack Oil plc (UJO) - Spudding of Andrews-1-17 Well West Bowlegs Oklahoma, USA https://ow.ly/BAOW50QUzFo Tue MARU - New Graphite Mining and Prospecting License Applications by NyoriGreen Mining Limited https://ow.ly/CGeE50QUzFi Power Metal Resources (POW) - Power Arabia Limited ("Power Arabia") Update https://ow.ly/c0fj50QUzFt UJO - United States Producing Mineral Royalties Purchase https://ow.ly/KJ4l50QUzFq Wed Beowulf Mining plc (BEM) - Postponement of Subscription period https://ow.ly/n7c050QUzFr Ionic Rare Earths Limited (IXR) - FIRST MIXED RARE EARTH CARBONATE PRODUCED AT MAKUUTU https://ow.ly/32Ls50QUzFk POW - Disposal of Victoria Goldfields Joint Venture Interest https://ow.ly/iS0m50QUzFh Thur BEM - Publication of Prospectus https://ow.ly/ZIjT50QUzFx BEM - Subscription period in Beowulf's Rights Issue of Swedish Depository Receipts begins today https://ow.ly/cqEJ50QUzFe BEM - PrimaryBid Offer https://ow.ly/XKNf50QUzFv IXR - IONIC TECHNOLOGIES SET TO BECOME FIRST ASX RARE EARTH OXIDE PRODUCER FROM RECYCLED WIND TURBINES https://ow.ly/cXA750QUzFy Pantheon Resources Plc (PANR) - Quarterly Repayment of Unsecured Convertible Bonds https://ow.ly/xRX450QUzFs SLP - Share Buyback https://ow.ly/CcZP50QUzFj Fri BEM - Update on Consolidation of Vardar Minerals Limited https://ow.ly/yVfe50QUzFf Cornish Metals Inc. (CUSN) - CORNISH METALS ANNOUNCES CHANGE IN EXECUTIVE MANAGEMENT https://ow.ly/Rb7Q50QUzFn European Metals (ASX: EMH) - Interim Financial Report for the six months ended 31 December 2023 https://ow.ly/f8Sy50QUzFg SLP - Share Buyback https://ow.ly/K6QY50QUzFp
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Ongoing in situ recovery testing at laboratory scale of a core sample from the Boland project by ANSTO has revealed an exceptionally high head grade, enriched in high value magnet and heavy #rareearth metals. If results from testing can be emulated in ISR conditions, Boland could be a globally significant source of magnet and heavy rare earth metals. #COBR #mining #SouthAustralia
Cobra Resources | ISR Bench Scale Study Update
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We were pleased to announce earlier this week Thor Explorations Ltd had announced the acquisition of the Guitry Project and the expansion in Cote d'Ivoire. Segun Lawson, President & CEO stated: "We are pleased to expand our exploration activities into Cote d'Ivoire. As a country, Cote D'Ivoire is a West African gold mining and exploration success story that hosts over 30% of West Africa's greenstone belts and is proving to be an emerging region for world class gold discoveries. We are delighted with our low-cost entry into the mining-friendly jurisdiction and believe these two permits provide an excellent platform from which to grow our activities there." "Guitry, in particular, is an advanced exploration project which is characterised by numerous gold-in-soil geochemical anomalies that have only been partially drill tested by the previous explorers. Some of the drill results include 12m grading at 10.4g/tAu, 16m grading at 7.90g/tAu, 24m grading at 2.02g/tAu and 16m grading at 2.25g/tAu. "The two major prospects, Krakouadiokro and Gbaloukro, are yet to be fully tested with several additional targets yet to be drilled. We plan on carrying out further exploration work and drilling and we are targeting a maiden resource of between 500,000 - 1,000,000 ounces before the end of next year. "We are also pleased to enter into an option agreement with Goldridge to earn an up to 80% interest in Boundiali. This comes after significant reconnaissance work in the country for prospective projects that can be easily derisked and advanced through further exploration. "We look forward to updating our shareholders with our progress in Cote D'Ivoire in due course." To read the full release, please click below: https://lnkd.in/enub_rhS
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