Deals & Dollars

EQ lands approval to acquire Spanish tungsten mine

EQ Resources’ (ASX:EGR) wholly owned subsidiary European Tungsten has secured approval from the Spanish Ministerial Council to acquire tungsten mining company Saloro.  Saloro is reportedly the owner of one of the most ‘significant’ tungsten mines in Europe.  The approvals are a ‘major’ step forward in the joining of the Mt Carbine Tungsten Mine and Saloro’s Barruecopardo tungsten mine in northwest…

| By Aaliyah Rogan

Euro Manganese inks US$100 million finance deal 

Euro Manganese (ASX:EMN) has signed definitive agreements with OMRF for US$100 million in non-dilutive financing for the Chvaletice Manganese Project in the Czech Republic.  OMRF is managed by global asset management firm Orion Resources Partners Group.  Stifel Nicolaus Europe is acting as financial advisor to the company while Norton Rose Fulbright is acting as legal counsel.  Euro Manganese, which has…

| By Adam Drought

Clover Alloys decides to exercise Orion options

Orion Minerals (ASX/JSE:ORN) has received from Clover Alloys a notice it will now exercise its options. The company today (28 November 2023) received confirmation of a funds transfer for about $425,000 for the exercise of 25 million options exercisable at $0.017 (ZAR20 cents), which are expiring 30 November 2023. Orion will issue the fully paid ordinary shares imminently and upon…

| By Adam Orlando

Trigg pulls trigger on 2024 Drummond exploration

Trigg Minerals (ASX:TMG) has for H1 2024 scheduled a drilling program at the Drummond Project in Queensland having now obtained the project via the acquisition of Rush Resources. Trigg today (28 November) reports it has completed the Rush Resources deal, which is a subsidiary of Andromeda Metals (ASX:ADN). The Drummond Project comprises 5 granted exploration permits covering 540km-square in the…

| By Adam Drought

Perseus’s 19.9% OreCorp stake ‘not in competition’ with Silvercorp

Perseus Mining (ASX:PRU) increased its shareholding in OreCorp (ASX:ORR) to 19.9% a mere hours after acquiring an initial 15.03% stake this morning (27 November 2023). While the increase to a blocking stake came just 2.5 hours after announcing it acquired 15.03%, Perseus has made it clear it’s not in active merger or takeover discussions and it does not intend to…

| By Aaliyah Rogan

VIDEOS/INTERVIEWS

Alchemy Resources cooking up lithium exploration at Karonie: Mining Minute November 29

In today’s Mining Minute, Alchemy Resources (ASX:ALY) CEO James Wilson joins Mining.com.au live from the company’s Karonie project, where it has boots on the ground to assess the region’s lithium potential. In global news, First Quantum faces a legal hurdle for a copper mine in…

| By Mining.com.au Staff Writers

gold

Golden Mile heralds Quicksilver gold potential

Golden Mile Resources (ASX:G88) has begun investigating the exploration potential for gold at its Quicksilver Nickel-Cobalt Project in Western Australia.  The Western Australia-based explorer has completed a detailed review of existing project data following ‘significant’ gold mineralisation intersections from nickel-cobalt resource drilling, up to 1m @ 4.1 grams per tonne (g/t) gold from 33m.  Golden Mile Resources Managing Director Damon…

| By Aaliyah Rogan

Greenstone undertaking strategic review

Greenstone Resources (ASX:GSR) is undertaking a strategic technical review to assess the near-term opportunities at its wholly owned Burbanks and Phillips Find gold projects in Western Australia.  An independent mining consultancy has been engaged to conduct preliminary open-pit optimisations for both projects, with initial open pit optimisations already completed for Burbanks.  The $9.57 million market capitalisation company says while the…

| By Aaliyah Rogan

Terrain fires up multi-commodity drill testing at Smokebush

Junior multi-commodity explorer Terrain Minerals (ASX:TMX) has launched a 145-hole aircore drilling program across its Smokebush Gold Project in Western Australia. The company plans to test for bedrock-hosted primary mineralisation over 3 ‘potential polymetallic’ anomalies, simply dubbed Target 1, 3, and 4.  Each of these targets lies along the Larins Lane prospect within the Smokebush area. Terrain says this prospect…

| By Joshua Smith

Meeka Metals expands Murchison project development efforts

Meeka Metals (ASX:MEK) is working to build up its Murchison Gold Project in Western Australia to a development-ready status by early 2024 with ongoing drilling and final approvals.  The gold and rare earths explorer, which has a $42.7 million market capitalisation, has reported a new round of ‘high-grade’ gold results from the 685,000-ounce @ 2.0 grams per tonne (g/t) gold…

| By Joshua Smith

GBM pleased with Portia project progress

GBM Resources (ASX:GBZ) reports permitting and plans for tolling material from the Portia Gold Mine are progressing with all parties including the South Australian Department for Energy and Mining. Separately, project economics for further mining of the existing pits are encouraging in light of the significantly higher AUD gold price and will be progressed following completion of the above shorter…

| By Adam Orlando

EXPLORATION

Si6 Metals bolsters 2024 Botswana exploration

Si6 Metals (ASX:Si6) is continuing a comprehensive exploration campaign to…

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Mining.com.au is Australia’s leading online daily Mining news service, reaching hundreds-of-thousands of…