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Aura Minerals Successfully Starts Ramp-Up at Borborema, On Schedule, Within Budget, and Setting an ESG Benchmark
GlobeNewswire News Room· 2025-03-28 08:00
Core Viewpoint - Aura Minerals Inc. has commenced production ramp-up at its Borborema Mine, expecting to achieve commercial production by Q3 2025, positioning it as a cornerstone asset for the company with significant economic potential in Brazil's mining sector [1][2]. Group 1: Production and Economic Metrics - Borborema is projected to have an average annual production of 83,000 ounces of gold for the first three years, with 2025 production guidance set between 33,000 and 40,000 ounces [3]. - The mine is expected to deliver an after-tax internal rate of return (IRR) of 41.8% on an unleveraged basis and 81.4% with 50% leverage, based on a gold price of US$2,600 per ounce [2][3]. - The feasibility study indicates a total anticipated production of 748,000 ounces of gold over an 11.3-year life of mine (LOM), with over 2,000,000 contained ounces of gold in the Indicated Mineral Resource category [2][3]. Group 2: Operational Highlights - The Borborema project was built on time and on budget in just 19 months, with zero lost time incidents, showcasing the company's strategy of creating efficient and scalable projects [2]. - The mine employs approximately 2,184 personnel, with 68% hired from the local community, contributing to regional economic growth and development [3]. Group 3: Environmental and Strategic Commitment - Borborema is positioned as a global ESG benchmark, utilizing innovations such as grey water from the nearby municipality and renewable energy, reflecting the company's commitment to responsible operations [2]. - The company aims to convert significant additional Indicated Mineral Resources into Mineral Reserves through the planned road relocation [3].
Fitzroy Minerals Reports 200 m at 0.83% CuEq, Including 42 m at 2.31% CuEq in New Copper-Molybdenum-Gold-Rhenium, Mineralizing System Identified at the Caballos Copper Project, Chile
Thenewswire· 2025-03-27 13:20
VANCOUVER, BRITISH COLUMBIA – TheNewswire - March 27, 2025 – FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy Minerals” or the "Company") is pleased to announce the results from its first ever drill hole at the Caballos Copper Project (the “Project” or the “Property”) in Chile, with significant intercepts of copper-molybdenum-gold-rhenium mineralization.Highlights: First hole CAB-DDH001 intersected 200 m1 grading 0.46% Cu, 591 ppm Mo, 0.07 g/t Au, (0.83% CuEq2), from a depth of 66 metres: inc ...
LaFleur Minerals Announces Memorandum of Understanding with Granada Gold on Milling Assessment for the Granada Gold Project Using the Beacon Gold Mill
Newsfile· 2025-03-27 12:00
LaFleur Minerals Announces Memorandum of Understanding with Granada Gold on Milling Assessment for the Granada Gold Project Using the Beacon Gold MillMarch 27, 2025 8:00 AM EDT | Source: LaFleur Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - March 27, 2025) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Granada Gold Mine Inc. ("Granada") ...
RT Minerals Corp. Commences Exploration Plans at Case Batholith Property
Newsfile· 2025-03-26 13:20
Core Viewpoint - RT Minerals Corp. has initiated its 2025 exploration program at the Case Batholith Property, which is largely unexplored and located approximately 85 km northeast of Cochrane, Ontario, with significant potential for lithium and cesium mineralization [1][2]. Exploration Strategy - The company will conduct a high-resolution airborne magnetic survey as part of its 2025 work program to refine exploration targets and enhance geological understanding of the property [3]. - Airborne magnetics is a cost-effective method to delineate geological domains, identify regional fault zones, and map potential pegmatite trends beneath overburden or forest cover [4]. - The data from the airborne survey will be instrumental in interpreting the subsurface structure of the Case Batholith and defining priority target areas for follow-up activities such as geological mapping, sampling, and potential drilling campaigns [6][4]. Mineral Potential - By integrating magnetic data with existing regional geological models, RT Minerals aims to advance its understanding of the Case Batholith's mineral potential and focus exploration efforts on zones most prospective for critical mineral discovery [5][7]. - The exploration activities are designed to delineate prospective zones for lithium and cesium mineralization, aligning with the company's strategic focus on critical minerals exploration in Canada [7]. Company Overview - RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol "RTM" and holds a 100% interest in a portfolio of 12 rare earth element, gold, and base metal properties in Ontario, Canada [8].
Solis Minerals Announces TSXV Approval of Tranche 2 Placement Closing Date
Newsfile· 2025-03-25 22:41
Solis Minerals Announces TSXV Approval of Tranche 2 Placement Closing DateMarch 25, 2025 6:41 PM EDT | Source: Solis Minerals Ltd.Perth, Western Australia--(Newsfile Corp. - March 25, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) (FSE: 08W) ("Solis Minerals" or "the Company") provides the following update regarding its Tranche 2 placement.Under TSX Venture Exchange ("TSXV") requirements, placements must close within 45 days of announcement. Solis Minerals announced its ...
U.S. GoldMining Applauds U.S. Presidential Executive Order Recognizing Copper & Gold as 'Critical Minerals' - Strong Economic and Policy Tailwinds will benefit Whistler Gold-Copper Project, Alaska
Prnewswire· 2025-03-24 10:00
ANCHORAGE, Alaska, March 24, 2025 /PRNewswire/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") welcomes the signing of an Executive Order by President Donald Trump titled "Immediate Measures to Increase American Mineral Production". The Executive Order directs government agencies to immediate action to facilitate domestic mineral production to the maximum extent possible, including copper and gold. This decision underscores the essential role these metals play in energy security, ...
Aura Minerals: Still Better Than Gold
Seeking Alpha· 2025-03-24 02:56
Group 1 - The article discusses the coverage of Aura Minerals, highlighting insights gained from meetings with company management regarding their operating processes, capacity expansion, and cost curve [1] - The author emphasizes the importance of experience in analyzing diverse industries, including airlines, oil, retail, mining, fintech, and e-commerce, as well as macroeconomic and political factors [1] - The author reflects on their extensive experience through various crises, which provides a strong foundation for understanding and benefiting from new ideas and business models [1] Group 2 - The article does not contain any relevant content regarding company disclosures or performance guarantees [2][3]
Ridgeline Minerals Closes $500k Private Placement
Newsfile· 2025-03-21 19:37
Core Points - Ridgeline Minerals Corp. has successfully closed a non-brokered private placement, issuing 2,174,000 common shares at a price of $0.23 per share, resulting in gross proceeds of $500,020 [1][2] Group 1: Financial Details - The proceeds from the private placement will be allocated to fund exploration activities at the Company's Nevada projects and for general working capital [2] - All shares issued will be subject to a statutory hold period of four months and one day, expiring on July 21, 2025 [2] Group 2: Company Overview - Ridgeline Minerals is focused on precious and base metal exploration, with a management team and a portfolio of seven projects covering 200 km² in Nevada, USA [4] - The Company holds a mix of 100%-owned exploration assets and earn-in agreements with Nevada Gold Mines and South32 for additional projects [4]
LaFleur Minerals Provides Update on Beacon Mill Restart, Results of Annual General and Special Meeting, and Swanson Gold Deposit Exploration and Drilling Updates
Newsfile· 2025-03-21 13:15
Core Viewpoint - LaFleur Minerals is advancing its operations with a focus on restarting the Beacon Mill and exploring the Swanson Gold Project, aiming to transition from an exploration company to a near-term gold producer in a highly prospective mining region [2][10]. Group 1: Beacon Mill Restart - The Beacon Mill, located in Val-d'Or, Québec, is fully refurbished and permitted, with an operating capacity exceeding 750 tons per day [2][10]. - The company plans to restart production by processing bulk samples and mineralized material from nearby deposits, with a target to complete all necessary restart work and obtain final approvals by the end of 2025 [3][10]. - An environmental services company has been engaged to assess and monitor the environmental effects on the tailings storage facility, and an engineering firm will conduct a geotechnical assessment prior to production [3][10]. Group 2: Swanson Gold Project Updates - The Swanson Gold Project spans over 16,000 hectares and includes several gold-rich prospects, previously held by other mining companies [4][10]. - The project has seen over 36,000 meters of historical drilling, indicating significant exploration and development potential [4][10]. - The company has invested over $1 million in exploration activities, including soil geochemistry, airborne surveys, and is preparing for a diamond drilling program expected to commence in spring [6][10]. Group 3: Annual General and Special Meeting Results - At the Annual General and Special Meeting held on March 7, 2025, shareholders approved the continuation of the company's 10% Rolling Share Option Plan and 20% Restricted Share Unit Plan for an additional three years [7]. - The meeting also approved the acquisition of an exclusive option to acquire 100% interest in certain mining claims and a mining lease in Québec [7]. Group 4: Exercise of Warrants - The company received gross proceeds of $816,750 from the exercise of 7,425,000 warrants, which were issued during a private placement in March 2023 [8].
Altius Minerals: Prospect Generator And Royalty Company Offers Broad Diversified Exposure To Commodities And Gold
Seeking Alpha· 2025-03-21 09:44
Company Overview - Altius Minerals is a royalty company and prospect generator with a diverse portfolio of royalty interests in base metals, potash, gold, and renewable power [1] Investment Background - The author has been investing in precious metals since 2003 and has a successful real estate business in Michigan, capitalizing on the economic conditions post-auto industry collapse [1] - The author focuses on nano-cap junior gold explorers with market caps under $20 million but has shifted to writing about companies exceeding $100 million market cap for broader publication opportunities [1] Market Insights - The real estate market in Michigan is characterized by homes selling for less than the cost to build, despite a booming economy, presenting unique investment opportunities [1] - The author has observed that many companies previously valued at $10-20 million are now exceeding $100 million, indicating growth potential in the sector [1]