Larvotto Resources says engineering studies have shown it can double the process plant throughput at its Hillgrove gold-antimony operation in NSW up to 500,000 tonnes per annum, with only minimal upgrade and modification required. The company says its capacity to produce gold concentrate and doré in conjunction with antimony concentrate can easily be increased by expanding the crusher feed rate from 220,000 tonnes per year.
Larvotto Resources says it has turned up abundant coarse grains of visible gold in its first diamond-core drilling at the Hillside gold-antimony project in New South Wales, with assays expected next month. The 2036m of drilling at the historic Bakers Creek Mine at Hillside chased extensions of previously-reported high-grade gold-antimony mineralisation of up to 525g/t gold from the project's Little Reef lode.
Larvotto Resources' $8m acquisition of the Hillgrove project in NSW comes with a million ounces of gold, Australia's biggest antimony resource, gold-laced tailings and a mothballed processing plant and exploration package that has soaked up $200m. The project was put on the chopping block by administrators when Red River Resources experienced a fall-of-ground event at its Thalanga base metals mine in Queensland and never recovered.
Okapi Resources has received the last of its assay results from a recently completed seven-hole diamond drilling program for 1440m at the company's Enmore gold project in NSW's New England Fold Belt. Further significant gold mineralisation was encountered including a broad 28m hit grading 2.03 grams per tonne gold from 191m downhole.
Okapi Resources has tabled a suite of high-grade assay results following a seven-hole, 1440m diamond drilling program at its Enmore gold project in NSW's New England Fold Belt. The intersections were delivered courtesy of the campaign's first two holes and include 4m at a solid 8.85 grams per tonne gold from 184m and follows a 2021 RC campaign that delivered a slew of compelling strikes.
Okapi Resources has intersected multiple zones of elevated sulphide mineralisation in two diamond holes at its Sunnyside prospect, part of its fully owned Enmore gold project in the New England region of NSW. Its campaign follows a 2021 probe that delivered a suite of notable hits including 1m at 15.15 grams per tonne gold from 172m inside a monster 174m intercept grading 1.83 g/t gold from surface.
The state's businesses leaders are optimistic about improved conditions in the year ahead, according to feedback from the annual Business News chief executive survey, with tax reform identified as a priority issue whichever party is in government after the March poll.
Local junior miners Prospect Resources, Azumah Resources and Sipa Resources, and Melbourne-based Red River Resources, have today announced a collective $29.8 million worth of capital raisings.
There is no prize for guessing that iron ore companies have plunged to the bottom of the resources component of this year's TSR survey; but what is interesting is the rise of uranium hopefuls, despite few signs of an imminent increase in the uranium price.
Perth-based Liontown Resources says it will accept just $465,500 to satisfy an outstanding settlement around the sale of its Liontown base metal deposit in Queensland to collapsed miner Kagara, which was later offloaded to Red River Resources.
Melbourne-based nickel explorer PLD Corporation has signed an option agreement to buy collapsed miner Kagara's Admiral Bay zinc project in the Canning Basin for a cash and shares package worth up to $7 million.
Exploration firm Red River Resources has seen its share price jump by over 80 per cent after it entered into a $6.5 million agreement with the administrators of collapsed explorer Kagara, for the sale of its projects in northern Queensland.
Former Perth company director David Alan Zohar has been sentenced to 14 months in prison for providing false and misleading information to the Australian Securities Exchange.
Perth company director David Alan Zohar has pleaded guilty to three counts of providing false and misleading information to the Australian Securities Exchange.
West Perth-based Red River Resources will aim to raise up to $6.9 million before costs through a non-renounceable rights and options issue, to fund further exploration of its mid west iron ore and Tasmanian projects.
On 7 March 2006, 67,500 shares were released from escrow, along with 1,100,000 share options. On 31 March 2006, a further 300,000 share options will be released from escrow.
