Palladium – Pan African Mining Corp. (TSX-V: PAF) has announced that its Phoenix project has an increased resource of 15.8 percent for its palladium, platinum, rhodium and gold. CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 years, based [...]
Nickel – Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
Nickel – Western Areas NL:ASX:WSA, Nickel Sulphide producer, has teamed up with Minara Resources (MRE.AX), a fellow nickel producer, to treat ore from the Spotted Quoll mine, in Western Australia. Minara has the capacity to treat 550 000 t/y of ore and will be fully operational in June. Click here to access the entire news.
Palladium – North American Palladium Ltd (PDL.TO), a Canadian precious metals company, has reported its Q1 net loss of C$14,6-million ($14,27 million). This is converted to 11 Canadian cents per share. 2009’s operating expenses of the company was only at C$738,000 but rose to C$18.2 million for the first quarter of 2010 due to production costs from the [...]
Nickel – Mincor, an Australian nickel-miner has confirmed that they will pursue the production at its flagship Miitel nickel mine, in Western Australia. Ramp up will start by June and is expected to be in full production by July of 2010. MD David Moore is quoted saying: “Not only does this increase the existing Miital ore reserves by more [...]
Nickel – After recovering in metal prices, Mincor Resources (MCR.AX) will restart its Miitel nickel mine in west Australia. This was confirmed by the firm last Friday. More in the news: “The production will be reactivated in full production rate of between 4,500 and 5,500 tonnes of nickel in concentrate annually in July”, the company said. Click here to access [...]
Nickel – Belvedere Resources Ltd. BEL:TSX-V (”Belvedere”) has announced a private placement to raise C$ 4 million at C$ 0.15 per common share with no warrants attached for a maximum of 26.67 million shares. The press release is quoted as saying: “The Private Placement will be a Brokered Private Placement. The agent, London stockbrokers Ocean Equities Ltd., will undertake [...]
Nickel – Nickel prices hit a 21-month high Wednesday, up 34.9 percent over the first quarter. Some analysts believe this trend will continue with expectations of stronger demand from stainless steel mills.
Rye Patch reports it has acquired advanced assets and explored aggressively towards its goal of a 10-million ounce gold inventory. The company’s Nevada focus arose from management’s considerable knowledge of the region and Nevada’s key position in world gold output. The state currently produces 78% of U.S. gold and 8% worldwide. Management is seeking new acquisitions [...]
Silver Investing News reports Aquiline Resources Inc. is an exploration and development company advancing one of the world’s largest undeveloped silver deposits (Navidad) as well as a gold deposit (Calcatreu), both in Argentina and a gold deposit in Peru (Pico Machay). What We Like About Aquiline Resources! 632 million ounces silver measured and indicated 119 million [...]
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