copperexploration
Augustus Minerals (ASX:AUG) has received commitments of over AU$1.66 million to accelerate the exploration of the Ti Tree project in the Gascoyne Province of Western Australia. Andrew Ford, the company’s general manager of exploration, said programs are in place to explore for high-grade targets. “(We’re) continuing our rock chip sampling (and) prospecting mapping. We have an airborne geophysics program starting hopefully in early August, and that will be targeting a variety of (areas),” he said. Augustus Minerals also earned sponsorship from the Western Australian government through an explor...
Investing News Network
The S&P/TSX Venture Composite Index (INDEXTSI:JX) gained 7.94 points last week to close at 593.7. US Federal Reserve Chair Jerome Powell met with lawmakers this past week, addressing the US Committee on Banking, Housing and Urban Affairs on Tuesday (July 9) and the House Financial Services Committee on Wednesday (July 10). In his testimony on Tuesday, Powell reiterated the Fed’s stance that before cutting interest rates it will continue to wait for more data showing that inflation is sustainably moving to its 2 percent target. He also acknowledged that the labor market is weakening, but said t...
Investing News Network
Pivotal Metals (ASX:PVT) Managing Director Ivan Fairhall shared his company's plans for the Horden Lake copper-nickel-PGM project in Quebec following the release of successful results from its 2024 diamond drilling program, which confirmed substantially thicker mineralisation. Fairhall shared his thoughts on the early results, and explained there are still more to come, with results from 25 holes still pending. He is confident there is an opportunity to expand the project’s grade and resource. “We already are thinking about and planning our next drill program. We've got targets to follow up on...
Investing News Network
Amid the looming copper deficit, World Copper (TSXV:WCU) CEO Gordon Neal believes the market needs to look at more nimble operations, like the company’s Zonia copper oxide project in Arizona, US, for a less expensive and faster path to production. Neal first explained the problem with the large sulfide deposits major copper companies are developing. "The majors are spending billions of dollars to put these into production. The average is probably anywhere between $2 billion to $6 billion, some even $10 billion. And the timeline to get them into production is anywhere between eight to 12 years ...
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Trident Royalties (LSE:TRR,OTCQB:TDTRF) holds a net 1.05 percent gross revenue royalty over the Thacker Pass lithium project, which was recently granted a conditional loan commitment of US$2.26 billion by the US Department of Energy. According to CEO Adam Davidson, Thacker Pass royalty receipts are expected to impact Trident’s revenue dramatically. “People invest in mining equities because 80+ percent of mines that are built extend their life or expand the production profile. But we still get exposure to that, obviously getting exposure to their revenue. If they extend the mine life, we still ...
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