Stubbornly low prices continue to weigh on Lynas Rare Earths' revenue and production, while it assesses acid supply options following the BHP Nickel West fallout.
The fallout from BHP mothballing its Nickel West operations has had a ripple effect through engineering and haulage contractors, fellow miners, airlines and power suppliers.
St George Mining has defined a promising 2.1km-diameter high-density circular intrusive at its Destiny project in WA's Eastern Goldfields via a follow-up gravity survey designed to identify potential rare earths-rich carbonatite targets. The company says the geophysical characteristics of the gravity anomaly are consistent with a potentially-mineralised intrusive body that could be similar to other local structures known to host rare earths and related mineral suites.
St George Mining is planning to launch a grid-spaced gravity survey next month at its intriguing C1 rare earths prospect at the company's Destiny project, about 100km south-west of the Western Australian mining town of Kambalda. The company will conduct a grid-spaced 200m-by-200m gravity survey that has been designed to home in on discrete targets within the prominent magnetic and gravity-high core of C1.
Mark Beyer and Mark Pownall discuss the federal budget's mining support, Santos and Quintis job cuts, live sheep exports, property development approvals, NWQ Capital Management, and Clough's journey under Peter Bennett.
St George Mining's latest gravity survey program has unveiled four compelling targets with coincident high gravity and prominent magnetic features at its Destiny project, about 100km south-west of the small Western Australian mining town of Kambalda. The high gravity signatures indicate the potential for similar carbonatite or mafic intrusions found recently to host highly-valuable minerals such as niobium or high-grade rare earths.
Arafura Rare Earths remains confident of achieving a final investment decision for its Northern Territory-based Nolans project by the end of this year.
Lower commodity prices have played a role in Lynas Rare Earths revenue taking a hit in the March 2024 quarter, along with news that the cost of its Kalgoorlie processing facility is set to rise.
The door has been kicked open for Lycaon Resources to start exploring its Stansmore niobium-rare earths project in Western Australia's West Arunta region after it secured consent from Mines Minister, David Michael. The company says the approval will allow it to start exploration programs, including heritage and gravity surveys and drilling campaigns, on a site designated for the use and benefit of its Aboriginal inhabitants.
Mark Pownall and Jack McGinn discuss subsidy warnings; WA Labor's next generation; Hancock's Lynas stake, tailings clean up, Minderoo job cuts, Macmahon's move for Decmil and Inpex's Ichthys decision.
Shares in Lynas Rare Earths were slightly up on Monday, despite news the company's net profit after tax for the first half of the 2024 financial year was down 74 per cent.
Pilbara Minerals chairman Tony Kiernan will retire from the board in the new year, paving the way for former Lynas Rare Earths chair Kathleen Conlon to steer the lithium miner.
Venture Minerals has produced what it says are exceptional assays of up to almost 7400 parts per million total rare earth oxides in a maiden 25-hole RC drilling program at its new Jupiter target in Western Australia's Mid West region. Results reveal a remarkable consistency in multiple intercepts of between 12m and 32m thick and ranging on average between 2000ppm and 2500ppm TREO.
Drilling and geophysical surveys at Venture Minerals' new Jupiter prospect in Western Australia's Mid West region has revealed the strong possibility it may contain a clay-hosted and deep intrusive rare earths resource that warrants early follow-up drilling. The diversified metals explorer says air-core drilling results include a hole that intersected 28m at 2246ppm total rare earth oxides in clays.
The environmental regulator has waved through Lynas Rare Earths' proposal to significantly expand its Mt Weld mine and potentially switch the Laverton operation to hybrid renewable power.
Lynas Rare Earths' shares are surging after it secured a variation allowing it to continue importing and processing lanthanide concentrate from its Malaysian facility.
Our weekly appointments wrap includes Michael Holmes, Stuart Gula, Tress Walmsley, Lyndon Mickel, Paula Wilkinson, Mark McGowan, Peta Slocombe, Kaylene Gulich, Kathleen Conlon, John Humphrey and Richard Goyder.
Hancock Prospecting has labeled proposed federal industrial relations reform unclear and claimed it could delay the development of the Ridley magnetite project by four years.
The projected budget to build Lynas Rare Earths' Kalgoorlie processing facility has escalated to $780 million, up from the previous estimation of $575 million.
WA Premier Roger Cook believes the state has only “just scratched the surface” of its renewables potential as he outlines his vision for WA to become a global green energy superpower.
Lynas Rare Earths chief Amanda Lacaze ends the absence of female speakers at Diggers & Dealers, calling for more infrastructure investment to foster domestic critical minerals efforts.
Rare earths from Western Australia will be processed in Texas for defence and industrial needs under an updated contract with the United States government.
Falling demand in North Asia for elements used in industrial magnets, electric cars and defence technology have taken the shine off a production record for Lynas Rare Earths.
The first batch of mixed rare earth carbonate from the miner's Kalgoorlie processing facility will shift to the next financial year amid difficulties sourcing skilled staff needed for a key part of the build.
The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.
Asra Minerals' Mt Stirling project near Leonora in WA's Goldfields has thrown up traces of highly sought-after “heavy” rare earths in addition to lucrative scandium that stretches from only 2m below surface to the bottom of 40m drill holes. Headline drill numbers include 48m at 90 parts per million scandium oxide from 3m and 7m at 669ppm total rare earths and yttrium oxide from 5m.
Lynas Rare Earths has secured a major funding boost from a Japanese government-backed entity on the proviso that Japanese customers are given priority in future.
