Proceeds from the placement will be used principally to finalise the bankable feasibility study on the company’s Prieska Zinc-Copper Project in South Africa.
The company has agreed with Anglo American to acquire a further 21.9% equity interest in the mine, increasing its total interest to 40%.
The estimate converted or added an additional 115 000 t of copper in the Indicated category in the Mala Noche Footwall Zone at the Cozamin mine in Mexico.
Greenfield exploration demonstrates the Queensland resources sector’s willingness to explore for larger deposits.
Independence Group, which manages the Jaguar zinc-copper-silver mine in Western Australia, says that upgrading to RCT’s ControlMaster Guidance Automation Solution has resulted in a 32% improvement in cycle times.
The company has reported a 4% increase in total production on a copper equivalent basis in 1Q18, compared to the same period of 2017.
The Queensland State Parliament’s Education, Employment and Small Business Committee has visited the lead, silver, copper and zinc producing region of Mount Isa and will visit an underground mine in Moranbah today.
The US Environmental Protection Agency has removes the Anaconda copper mine from its Superfund Emphasis List.