OZ Considering High-grade Start for Carrapateena Mining

OZ Minerals has initiated a scoping study of the potential for mining startup at its Carrapateena underground copper-gold project in South Australia based on extraction of the deposit’s high-grade core. The study was prompted by a new analysis of the core that identified 61 million metric tons (mt) of resources grading 2.9% copper equivalent (2.4% copper, 0.9 g/mt gold, and 11.7 g/mt silver). An earlier prefeasibility study released in August 2014 was based on much larger indicated and inferred resources totaling 800 million mt and grading 0.8% copper and 0.3 g/mt gold.

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Boss Resources Will Acquire Honeymoon Uranium Project

Boss Resources reported on September 1 that it has agreed to acquire the Honeymoon in situ uranium project in South Australia from Uranium One Inc. The project is located near the South Australia/New South Wales border, approximately 80 km northwest of the town of Broken Hill. It produced a total of about 335 mt of U3O8 in 2011 and 2012 but was never fully commissioned and was placed on care and maintenance in 2013 due to low uranium prices.

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Restart Scheduled for Mt Cattlin Lithium Mine

General Mining Corp. and Galaxy Resources are working toward a restart of production at the Mt Cattlin lithium mine near Ravensthorpe, Western Australia. General Mining is project operator and is working to earn a 50% interest in the project under an $A25-million earn-in agreement announced on June 9 and formalized on September 9.

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Fortescue Supporting Aboriginal-owned Mine

Fortescue Metals Group announced on September 14 that it has entered into a commercial agreement with Australian Aboriginal Mining Corp. (AAMC) that will enable the establishment of Australia’s first Aboriginal-owned and operated iron ore mine. Under the agreement, Fortescue will provide AAMC with access to Fortescue infrastructure, with AAMC able to deliver up to 2 million mt/y from its projects to either Fortescue’s port or rail facilities over a five-year period.

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