MEK commenced mining at its Murchison Gold project earlier this month with an open pit mining fleet now onsite and pre-stripping of the St Annes open pit underway. Open pit mining is expected to reach the first ore zones next month, with haulage to the Andy Well processing centre to commence thereafter. Plant commissioning ofRead more
LTR reported a maiden positive Ebitda of A$65.0m for the 1HFY25. The company ended the period with cash of A$192.9m, leaving it well funded through the ramp up at Kathleen Valley. The operational performance metrics are improving, with plant availability and recovery up to 92% and 59% in December, respectively, while underground development metres haveRead more
CHN is progressing the Pre-Feasibility Study (PFS) on the Gonneville PGE-N-Cu-Co project. The PFS will assess a development of Gonneville in two stages, a 3.5-year higher-grade open pit phase and then a larger bulk mining open pit phase, with potential to extend life into a bulk underground in the long-term. Recent metallurgical test work unlockedRead more
OBM has released some impressive drilling results from the Little Gem discovery. The best result of 22.7m @ 5.0g/t included a high-grade core of 6.2m @ 10.8g/t. These results have significantly enhanced the Little Gem target in our view. OBM will now complete a 16-hole program designed to test the 4.7km strike from Little GemRead more
Given the recent retraction in uranium spot prices (despite term pricing holding up) and the negative sentiment current for uranium, we believe there is risk to the FID and development timelines of the uranium developers (we currently expect FID for DYL, BMN and AEE in mid CY25). We have adjusted our near-term uranium price forecastsRead more
SMI continues to progress its Bendigo-Ophir Gold Project (BOGP) towards production with plans to submit the project for permitting on the 25th April via the ‘Fast Track Approvals’ process, which has now been enacted into law. Various ongoing work programs continue, which will be incorporated into an updated PFS targeted for 4QFY25. The updated PFSRead more
NST’s proposed takeover of De Grey Mining (DEG AU, BUY) is proceeding in line with the previous schedule. The first court hearing has now been completed, allowing for a formal date of 16 April 2025 to be set for the scheme meeting. Importantly the Independent Experts Report declared NST’s all share offer for DEG fairRead more
The Canadian Nuclear Safety Commission has announced hearing dates for NexGen Energy’s (ASX:NXG, TSX:NXE, NYSE:NXE) proposed Rook I Development. These dates are scheduled for November 2025 and February 2026, significantly later than had been hoped by the Company. The long lead time of these hearings will delay start of the expected 42-month construction period. WhileRead more
WC8 is advancing work on the Tabba Tabba Pre-Feasibility Study (PFS), which is due to be released in the middle of this year. The maiden resource was released in November 2024 and Phase 2 metallurgical test work is ongoing. The completion and release of PFS for Tabba Tabba presents a key near-term catalyst for WC8.Read more
The proposed acquisition of DEG by Northern Star Resources (ASX:NST, Buy PT: A$24.10) has moved one step closer with a Scheme Booklet now registered and an Independent Expert concluding the proposed transaction to be fair and reasonable for DEG shareholders. We expect the proposed Scheme of Arrangement will be voted through in the Scheme MeetingRead more
