The Digger

The Digger Articles

Vital Metals has historically been a tungsten-focused company, with 100% ownership of one of the world’s most advanced, undeveloped tungsten deposits – the Watershed Project in far north Queensland. Watershed is being fully funded through DFS at a cost of $5.4m by Japan’s JOGMEC group.

The company has actively diversified its exploration focus by farming-into an exploration project in southern Burkina Faso, West Africa, where gold is the primary target. Drilling has so far returned highly encouraging results, with the company returning for an aggressive follow-up campaign in 2013.
Wolf Minerals is in the final stages of securing finance to advance the Hemerdon Ball tungsten and tin project into production. This is a major achievement and is testament to sound management and a quality project. The EPC contract has now been awarded to GR Engineering with the expected time of construction and commissioning scheduled for 24 months.
Goldminex Resources has a large and highly prospective portfolio of copper-gold exploration projects located in PNG. A JV agreement signed with Vale.S.A. will provide a total of US$20M of exploration expenditure to earn 51% in six selected tenements. US$12M has been spent to date with another US$8M due over the next 24 months. Exploration completed to date continues to highlight the potential for numerous targets to host large scale mineral deposits.
Richard Karn's presentation at the Mines & Money Hong Kong, March 2013 conference, presents the picture of a world shortage of 48 Specialty Metals that are experiencing supply threats, but says that 40 occur in Australia's unique geological setting and may be produced within the next 3-5 years, meaning there are more opportunities than coal and iron to look forward too!
The company has announced a Maiden Mineral Resource of 10,600t at its Rinaldi Prospect within the Kumarina Project located 108km NE of Horseshoe Lights. Most of the Rinaldi resource is in the Measured and Indicated categories and is less than 120m from the surface. The mineralisation remains open at depth. Rinaldi is one of many targets within the Kumarina Project and the exploration potential is very high for adding significant copper resources. Quantification of Rinaldi has boosted the Company’s global copper resource to 101,600t, which is approaching critical mass for potential development.
it’s encouraging when an exploration company exemplifies the definition of the term explorer, which according to my dictionary: ‘travels into undiscovered or un-investigated territory’. In 2005, while contemporaries wrestled over projects in Australia or headed to less-politically friendly climates in Africa, Azure Minerals journeyed to Mexico. “We were looking for projects, but what was available in Australia was too expensive and most of the good projects had been well picked over,” Azure Minerals managing director Tony Rovira told Wally Graham.
Tungsten Mining is advancing assessment of its flagship Kilba Project in the Gascoyne region of Western Australia, with the aim of making a rapid transition to production. To this end, the Company expects to define a JORC compliant resource during the June quarter 2013 and has already commenced feasibility studies that will continue through to Sept quarter 2013. They expect to be in the position to make a final investment decision in the first quarter of 2014, which likely could result in first WO3 concentrate production as soon as the Sept quarter 2014.
A maiden Resource with the promise of more to come has emerging copper play Ventnor Resources looking forward to a very happy 2013.
Image Resources   Breakaway Research 08-Mar-2013

Breakaway Research looks at Image Resources

Image Resources

Breakaway Research  
Image Resources is now advancing towards development
of its high grade mineral sand assets delineated within the North Perth Basin.
A resource upgrade at the key Boonanarring deposit (due in Feb 2013) is likely
to further enhance the already robust economics outlined in the scoping study.
Image has now embarked on a ‘bankable’ feasibility study with first production
targeted for late 2014
Or should Australian Resources companies continue to build larger mining projects in an effort to keep major investors and mining analysts happy?
The RIU Explorers Conference   RIU 08-Mar-2013

Free Tickets to

Free Tickets to

The RIU Explorers Conference

RIU  
First Resource Conference for 2013
Horseshoe Metals   Breakaway Research 08-Mar-2013

Breakaway Research Horseshoe Metals

Horseshoe Metals

Breakaway Research  
Horseshoe Metals (ASX:HOR) is currently conducting an extensive drilling program over its two projects, Horseshoe Lights and Kumarina, in order to further define and expand its copper-gold resources.  With a growing resource base and an experienced management team, this well-funded exploration company is looking to rapidly transition to production over the next few years.
AusAmerican   Wally Graham 08-Mar-2013

Developing a neglected yet potentially exceptional copper-gold-silver project has momentarily shifted the focus of Perth-based Australian-American Mining Corporation.

New Board, New Project, New Focus

AusAmerican

Wally Graham   
AusAmerican (ASX: AIW) was founded in 2006 on a suite of advanced United States uranium
projects in New Mexico and Nevada.
TNG Limited   Breakaway Research 08-Mar-2013

Breakaway Research TNG Limited

TNG Limited

Breakaway Research  
Following on from our 'initiation of coverage' released in October 2012, TNG continues to make steady progress within its portfolio of exploration projects.  Recently, TNG completed reconnaissance field work and drill programs targeting five 'high priority' electro-magnetic (EM) targets at Mount Hardy.  Surface copper mineralisation is extensive over 4km of strike and early drill results indicate copper mineralisation found at surface at all prospects in the area extend at depth.  Assays are still pending from six holes.  An extensive exploration program is planned for 2013 as Mount Hardy has significant potential to host multiple copper VMS base metal deposits.
Sheffield Resources   Breakaway Research 08-Mar-2013

Breakaway Research Sheffield Resources

Sheffield Resources

Breakaway Research  
Sheffield's Thunderbird prospect has shaped up to be a 'top tier' mineral sands deposit of global significance.  Although a 1.37 Bn tonne resources has been defined in just 15 months since Sheffield took control of the tenements, there is still further exploration upside as the resource iss till open in most directions.  Metallurgical test work is now underway which will pave the way for a scoping study set to commence in Q2 2013.