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Renergade discovers Ernest Henry-style IOCG breccia zone

Published: 02 Jul 24

Brisbane-based Renergade Exploration on Tuesday announced the discovery of a large iron-oxide copper gold (IOCG) breccia system at its Mongoose Deeps prospect, near Cloncurry, similar in characteristics to the nearby Ernest Henry mine, after its maiden drill hole reached a target depth of 1 612 m. Renergade chairperson Robert Kirtlan described the drill. Result as a “terrific reward” for six months of geophysics, processing, modelling, mapping and planning.

Deep Yellow initiates financing process for Namibia uranium project

Published: 02 Jul 24

Uranium project developer Deep Yellow has appointed Nedbank as the mandated lead arranger and bookrunner to coordinate and arrange project financing for its flagship Tumas project, in Namibia. The ASX-listed mining company says Nedbank has an extensive track record in financing mining projects across Africa. The current Deep Yellow management team previously worked with Nedbank in project financings for a uranium project in Namibia and a second African project.

Ironbark Zinc completes Mt Isa projects buy

Published: 02 Jul 24

Exploration company Ironbark Zinc has completed the acquisition of an 80% interest in the Simon and Anderson projects, in Mt Isa, Queensland, from fellow-listed Aeon Metals. The company finalised the acquisition following a successful site reconnaissance trip last month.

Australian Vanadium completes initial phase of optimised study

Published: 02 Jul 24

Exploration and development company Australian Vanadium (AVL) has completed the first phase of an optimised feasibility study for its Western Australian project, confirming the preferred development pathway for an integrated project. The company merged with Technology Metals Australia (TMT) in February, amalgamating their adjacent mining projects across one orebody at Gabinintha. This provided opportunities to realise synergies from creating a consolidated project.

Santana applies for secondary New Zealand listing

Published: 02 Jul 24

Precious metals exploration company Santana Minerals has applied for a secondary listing on the New Zealand main board, with a targeted listing date of July 25. This will be in addition to its primary listing on the ASX. The proposed New Zealand listing is intended to provide opportunity for shareholders to migrate their shares to the NZX and show the support that they have for Santana in country.

Evolution extends South Cowal option agreement

Published: 02 Jul 24

Gold miner Evolution Mining has extended the option to purchase tenements nearby its operating Cowal gold mine, in NewSouth Wales, for a third and final year for further evaluation and exploration. A two-year option agreement with ASX-listed Strategic Energy Resources was due to expire on September 26, 2024, but Evolution has elected to extend the option period for a further 12 months.

Vale reports second board exit in four months amid CEO search

Published: 02 Jul 24

Brazilian miner Vale has lost its second board member in less than four months, it said in a filing on Monday, reporting the resignation of Vera Marie Inkster. Vale, which is in the process of looking for a new CEO, gave no reason for Inkster's resignation in the filing.

Cesa welcomes Macpherson's appointment as Public Works Minister

Published: 01 Jul 24

Industry organisation Consulting Engineers South Africa (Cesa) says it looks forward to working with new Public Works and Infrastructure Minister Dean Macpherson. “We trust [he] will be more responsive than his predecessor, particularly in partnering with Cesa to pursue the critical infrastructure development and delivery that is so desperately needed to create jobs and grow the South African economy,” says Cesa CEO Chris Campbell.