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October 11, 2024
Commodity
Toronto, Ontario--(Newsfile Corp. - October 11, 2024) - HIRU Corporation (OTC Pink: HIRU) $HIRU www.otchiru.com , www.hirumining.com is pleased to share with its shareholders and followers a comprehensive Feasibility Scoping Study for the Balf
VANCOUVER, BC , Oct. 11, 2024 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (OTCQB: GSRFF) (FRA: 4LE0) (the " Company " or " Golden Shield ") reports that it has terminated negotiations in respect of the potential acquisition of Tucano Gold In
VANCOUVER, BC , Oct. 11, 2024 /CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN ) (OTCQB: DFMTF) (FSE: 35D) today announced the successful closing of its previously announced non-brokered bridge financing of secured conv
October 11, 2024 (Australian Mining) - Hancock Prospecting has scaled back its proposed Mulga Downs iron ore mine in the Pilbara, reducing annual production from 20 million tonnes (Mt) to 12Mt after reducing the project’s footprint. Documents r
Toronto, Ontario--(Newsfile Corp. - October 11, 2024) - HIRU Corporation (OTC Pink: HIRU) $HIRU www.otchiru.com , www.hirumining.com is pleased to share with its shareholders and followers a comprehensive Feasibility Scoping Study for the Balfour Copper Project located in northwestern Tasmania, Australia. This study outlines the initial operational and financial parameters, providing a clear path forward for the project's development. Operational Overview The Balfour Project is structured to be highly scalable, with substantial expansion potential beyond the initial 10-year plan. The first phase of the project will focus on processing 500,000 tonnes of ore per year, yielding 50,000 tonnes of copper concentrate. This marks just the beginning, with additional resources expected to
October 10, 2024
Highlights: Positive National Instrument 43-101 ("NI 43-101") Preliminary Economic Assessment ("PEA") for the BamaStar Mine and Concentrator Plant in Coosa County, AL and a value-add upgrading plant in Mobile, AL. The natural flake graphite concentrate precursor material for the value-add plant will come from South Star's BamaStar and Santa Cruz Mines, which is now in Phase 1 operations in Brazil. First production for BamaStar is planned by 2027. Pre-tax Net Present Value ("NPV 8% ") of US$2.4B with an Internal Rate of Return ("IRR") of 35% and after-tax NPV 8% US$1.6B with an IRR of 27%. Life of mine ("LOM") gross revenue of US$9.9B as well as pre-tax and post-tax free cashflow of US$6.0B and US$4.3B, respectively. 19-Year open-pit mine life with an average co
Open pit, run-of-mine (no crushing) heap leach operation with a one-year construction period and initial capital expenditure of $327 million Average annual production of 183 thousand ounces of gold in years 1 to 5 with Life-of-Mine average annual production of 135 thousand ounces of gold All-In Sustaining Cost for years 1 to 5 of $1,205 per ounce of gold and LOM AISC of $1,380 per ounce of gold $552 million After-Tax Net Present Value (5%) with a 32% After-Tax Internal Rate of Return and a 3.3 year payback at a base case gold price of $2,000 per ounce “We believe there is significant upside for project optimization and resource growth going into a full feasibility study. Growth will be driven by new…”
October 9, 2024
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - October 9, 2024) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (" Platinum Group " or the " Company ") reports that further to its news release dated September 16, 2024, announcing an Independent Definitive Feasibility Study (" 2024 DFS ") on the Waterberg Project located in the Bushveld Igneous Complex, South Africa, it has today filed the associated technical report (the " DFS Technical Report ") in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 "). The DFS Technical Report, entitled "Waterberg Definitive Feasibility Study Update, Bushveld Igneous Complex, Republic of South Africa", is dated October 9, 2024, with an effective date of August
October 8, 2024
Toronto, Ontario--(Newsfile Corp. - October 8, 2024) - HIRU Corporation (OTC Pink: HIRU) $HIRU www.otchiru.com , www.hirumining.com is pleased to announce the completion of a preliminary feasibility scoping study for the Balfour Copper Project located in northwestern Tasmania, Australia. This study, which focuses on a 10-year Life of Mine (LOM) snapshot, highlights the project's significant financial potential, driven by both the scale of copper reserves and increasing global demand. The Balfour Project is projected to treat 500,000 tonnes of ore annually , grading at 1.5% copper , yielding approximately 50,000 tonnes of copper concentrate per year . The study evaluates a 5-million-tonne ore processing scenario, representing only a portion of the overall project, as additional
October 7, 2024
October 7, 2024 (Source: Serabi Gold plc ) Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, is pleased to announce the results of an updated Preliminary Economic Assessment (the “Updated PEA”) for its currently producing, 100%-owned Coringa Gold Project (“Coringa” or “the Project”), located in Para State, Brazil . (All financial amounts are expressed in U.S. dollars unless otherwise indicated). At the beginning of 2024, it was decided by Serabi’s management to prepare the Updated PEA that reflects the Company’s current operating plan for Coringa. The Company commenced development of Coringa in June 2021 and first gold was produced in July 2022 , and since then 18,458oz have been produced
October 1, 2024
New PID - Carangas project VANCOUVER, BC , Oct. 1, 2024 /CNW/ - New Pacific Metals Corp. (TSX: NUAG ) (NYSE-A: NEWP) ("New Pacific" or the "Company") is pleased to report the results of its Preliminary Economic Assessment ("PEA") for the Carangas project (the "Project") in Oruro Department, Bolivia . The PEA is based on the Mineral Resource Estimate (the "MRE") for the Project, which was reported on September 5, 2023 , and prepared in accordance with National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101"). Further details supporting the PEA will be available in an NI 43-101 Technical Report which will be posted under the Company's profile at sedarplus.com within 45 days of this news release. Next Steps With the completion of th
September 25, 2024
September 25, 2024 (The Assay) - Western Gold Resources (ASX: WGR) has announced the range of outcomes of a scoping study for open-pit mining and third-party toll treatment of the Gold Duke Gold Project in the north-eastern goldfields of Western Australia. Gold Duke scoping study assessed various options utilizing third-party processing plants operating under a toll treatment agreement with a range of outcomes were defined based on gold price, and processing cost including cost of trucking ore from the Gold Duke Project. Importantly, further upside potential exists as this scoping study has only assessed the economics based on mining 51% of the current published 2.9Mt @ 2.07g/t for 234,000oz gold mineral resource of Gold Duke. WGR managing director, Warren Thorne, commented, “The
September 19, 2024
After Tax NPV5% of US$111 Million at US$2,100/oz Au price After Tax NPV5% of US$153 Million at Spot prices 1 Average annual production targeted at approx. 56,000 Gold Equivalent Ounces ("GEO") 2 Life of Mine Average annual EBITDA of US$49 Million and FCF of US$25 Million LOM average EBITDA of US$64 Million and FCF of US$34 Million at Spot prices 1 Mine life of 5 years, from April 2024 based on existing Resources Average Cash Costs of US$866/oz; Avg AISC US$1,148/oz No Material Upfront Capital Expenditures required Updated Mineral Resource Estimate contains 490,000ozs of Measured and Indicated Resources and 121,150 ozs of Inferred Resources with potential upside from continued drilling & resource expansion Spot prices; A
September 19, 2024 (Source: Lotus Resources Limited) Lotus Resources Limited (ASX: LOT, OTCQX: LTSRF) (Lotus or the Company) is pleased to announce the results of the Scoping Study (Scoping Study or Study) for its Letlhakane Uranium Project in Botswana (Letlhakane or the Project), which has confirmed the Project’s potential to support an economically viable long-life operation under a variety of uranium price scenarios. Lotus is developing Letlhakane in parallel with planning for the restart of production at the Kayelekera Uranium Project in Malawi in 2025 and aims to become a globally significant U3O8 producer when combining both assets