Site commissioning of the Woodlawn Copper-Zinc Mine is progressing well, running on budget and importantly, ahead of schedule. First saleable copper concentrate has already been produced, and handover of the processing plant occurred in April. Mining is now well underway with stoping commencing in mid-March. Commencing commercial production at Woodlawn and the subsequent ramp upRead more
WGX has released the scoping study for the Higginsville process plant expansion. The scoping study outlined a planned expansion of processing capacity from 1.6mtpa to 2.6mtpa. The cost estimate has a wide range of A$60-124m, with a mid-point of A$92m. The expanded plant is expected to operate at a reduced cost of A$33/t, down 10%Read more
Ongoing drilling into high-grade parts of the world class Luni niobium deposit have continued to generate spectacular results. We expect the high-grade portion of the Luni resource will feed the early-life phase of any future operation. With conversion of leached pyrochlore mineral concentrate to ferroniobium, proof-of-concept metallurgical work is now complete. To access the fullRead more
LTR’s 3QFY25 result was impressive, beating our estimates across all key metrics. A material improvement in process plant recovery rates was a key driver behind the strong result, with LTR lifting plant recovery rates to an impressive 64%. LTR’s ability to demonstrate stabalised production and operating costs and positive free cash flow presents a materialRead more
BMN is continuing early works at Etango which should position it well for a FID in CY25. However, the FID is contingent on more buoyant market conditions. Contracting and funding are key near-term catalysts, and we expect BMN to pull the trigger at prices above US$80/lb. BMN ended the March quarter with A$68.1m in cashRead more
Following a $14m equity raising during the period, NWC is financially resourced to see out completion of the DFS, permitting and FID (expected early CY2026). The project funding solution seems likely to include metal streaming with the balance provided by debt and equity. Once built the Antler project is expected to produce 16kt of copperRead more
CHN continues to advance the Gonneville Pre-feasibility study, which remains on track for completion before the end of September 2025. Key metallurgical test work released during the 3QFY25 was a significant breakthrough for CHN and will allow a simplified concentrate only development of Gonneville to proceed as the base case. Cash at the end ofRead more
BGL has reset its operating strategy for the Bellevue Gold Mine. The strategy reset was driven by several factors, including a weak 3QFY25 and material cut to FY25 guidance ranges. BGL has withdrawn the long-term targets of 240-260kozpa, with expansion plans shelved in favour of a near-term cash flow focus. The reductions in near-term productionRead more
A speedy recovery of operations at Langer Heinrich has enabled PDN to materially beat expectations for the March quarter. Production was higher than expected and overall costs maintained. Mining has begun at the G2A pit area with first ore blasted in April. Mining of in-situ ore should provide greater certainty of process plant feed gradeRead more
A recent DEG shareholder meeting saw an 89% majority vote in favour of the proposed Northern Star Resources – DEG transaction. With the Federal Court having now approved the Scheme of Arrangement, DEG shares will be suspended from trading at the close of trading today as the transaction becomes legally effective. To access the fullRead more
