In this podcast Mark Pownall and Mark Beyer discuss mining cost challenges at IGO, BHP and Northern Star, MinRes China pullout, cultural heritage, Comm Games, gold miners, fund managers, indigenous business, Cottesloe development and George Kailis.
Horizon Minerals has revealed fresh mineral resource estimates for its Golden Ridge North and Monument gold prospects in Western Australia's Goldfields region, to take its total resource to 23.22 million tonnes at 1.69 grams per tonne gold for 1.26 million ounces. Management says further drilling is now underway at its Monument prospect, while both deposits will soon be the subject of scoping studies.
Northern Star has met its sales and cost targets for the 2023 financial year but will maintain a cautious outlook for the coming 12 months, in what continues to be an expensive time for miners.
A fire that broke out at a gold processing plant at Northern Star's famed Kalgoorlie Super Pit on Friday morning has been extinguished, with damages estimated at up to $700,000.
NRW Holdings has won a major $973 million contract to construct a processing plant under Northern Star Resources' expansion plan for its Super Pit in Kalgoorlie.
Northern Star Resources is set to pay $67 million for an exploration project to feed its Jundee operation while notching a long-term power deal with Zenith Energy.
Northern Star will spend $1.5 billion to more than double processing capacity at the Kalgoorlie goldmine in an investment decision more than a year in the making.
Northern Star has been forced to lift its cost guidance for the 2023 financial year following downtime for repairs at Kalgoorlie and Pogo during the March quarter.
Goldminer Northern Star Resources is a high-cost producer relative to its peers and is likely to substantially increase annual capital expenditure to $1.3 billion, a ratings agency has found.
While many gold producers are delighted to churn out 100,000 ounces a year, five leading companies wouldn't get out of bed for that. Take a look which WA company stands head and shoulders above them all.
Northern Star Resources is anticipating production from its Pogo operation in Alaska could be trimmed by up to 40,000 ounces for FY23 as a result of unplanned motor repairs.
The state's biggest goldminer will pay a record interim dividend to investors on the back of stronger commodity prices, despite feeling the effects of a higher inflationary environment.
Mining services provider SRG Global has won $220 million worth of contracts with Northern Star Resources for work at several of its Western Australian gold operations.
DiscovEx Resources has closed the book on busy December quarter headlined by an intersection of bedrock and paleochannel gold at its Spartan prospect, part of its larger Edjudina project about 250km north-east of Kalgoorlie in WA. The project sits in the southern slice of the Laverton district and is close to several major gold deposits including AngloGold Ashanti's 10 million ounce plus Sunrise Dam mine.
Strickland Metals is pressing ahead with plans to spinoff its base metals assets into a new company to seek better value for the projects whilst focusing on its prospective gold package in central WA. The company has also gained heritage clearance to drill at its Iroquois project, which along with its Bryah Basin assets will be the centerpiece of the new operation.
Gold strikes in oxidised shale at Aruma Resources' Melrose project in the Pilbara similar to those found in nearby mines have spurred the company on to keep sniffing around the iron ore-rich region
PolarX has attracted the attention of a prominent new shareholder after mega miner Northern Star Resources snapped up a 10 per cent holding in the Perth-based company following a $1.48 million investment in the operation. Polar X has now raised $3.63 million since November as it eyes future developments at its Humboldt Range project in Nevada, USA.
Si6 Metals has struck high-grade shallow gold out the back of Laverton in WA's Goldfields in the maiden aircore drilling program at its Monument Gold project.
Northern Star Resources and SRG Global are among the businesses moving into 500 Hay Street, as its developer allays fears about the building's structural integrity.
Strickland Metals has locked onto further gold mineralisation with a round of diamond drilling at a recently discovered lode within the company's 603,000-ounce Yandal gold project in WA. With a standout intersection of 7.7m at 6.6 grams per tonne gold from 179m, Strickland's diamond work has confirmed its ‘Wanamaker' lode as a 300m long high-grade deposit that remains open at depth.
Northern Star is moving on a big Kalgoorlie Super Pit expansion slated to extend the life of its Fimiston operations to 2034 and allow for more than 110 million tonnes of additional ore.
Strickland Metals has continued its hot-streak with more high-grade gold drill hits at the company's newly discovered Wanamaker deposit just north of its Millrose gold resource, 85km north-east of Wiluna in WA. The latest results from its ongoing drill program at the project include a standout strike of 5m going 14.5 grams per tonne gold from 67m downhole.
ASX-listed explorer Infinity Mining has launched an air-core and auger drilling program within shouting distance of several historical mines at its Craig's Rest project near Leonora in WA. Legacy drilling in the zone threw up a suite of dazzling intercepts, including 5 m at 57.9 grams per tonne gold from 16m and 2 m going 26.6 g/t from 58m.
With a drone magnetic survey and positive rock chip assays, Infinity Mining has confirmed two compelling magnetic targets adjacent to historical gold workings at the company's Chicago gold project in WA's Central Goldfields region. The anomalous rock chips going up to 2.37 grams per tonne gold were collected in proximity to its magnetic targets and have inspired the explorer to plan a round of RC drilling.
Rio Tinto's managing director of battery minerals, Marnie Finlayson, will join the board of Northern Star Resources as an independent non-executive director in October.
Kalgoorlie Gold Mining will soon test down-dip and high-grade gold extensions at its La Mascotte prospect that sits as part of the company's larger Bulong Taurus gold project in WA. The upcoming 3 hole, 600m campaign follows a review of legacy drill campaigns that delivered a slew of solid results from modest depths.
Horizon Minerals has acquired the remaining 50 per cent of ASX-listed Labyrinth Resources' high-grade Penny's Find gold project in WA's Eastern Goldfields for a package of $500,000 in cash and $250,000 in shares. Horizon now owns 100 per cent of the high-grade gold project and associated tenements via its wholly owned subsidiary Black Mountain Gold.
