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Southern Cross Gold Announces Receipt of Conditional Acceptance to List on Toronto Stock Exchange
Newsfile· 2025-06-19 10:30
Core Viewpoint - Southern Cross Gold Consolidated Ltd has received conditional approval to list its common shares on the Toronto Stock Exchange, transitioning from the TSX Venture Exchange while continuing to trade on the Australian Securities Exchange under the symbol "SX2" [1][2]. Company Overview - Southern Cross Gold Consolidated Ltd controls the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia, which is recognized as a significant gold and antimony discovery with exceptional drilling results [4]. - The project has reported 66 intersections exceeding 100 g/t AuEq x m from just 84 km of drilling, with mineralization extending over a 12 km strike length and confirmed continuity from surface to 1,100 m depth [4]. Strategic Value - The dual-metal profile of Sunday Creek, with antimony contributing approximately 20% of the in-situ value alongside gold, has gained importance due to China's export restrictions on antimony, a critical metal for defense and semiconductor applications [5]. - Southern Cross is positioned as a potential key Western antimony supplier, especially following its inclusion in the US Defense Industrial Base Consortium and legislative changes related to AUKUS [5]. Technical Fundamentals - Preliminary metallurgical work indicates non-refractory mineralization suitable for conventional processing, achieving gold recoveries of 93-98% through gravity and flotation methods [6]. - The company maintains a strong cash position, owns over 1,000 hectares of strategic freehold land, and has a large 60 km drill program planned through Q3 2025, positioning it well to advance its gold-antimony discovery [6].
Lavras Gold Corp. Intersects 1.0 g/t Gold over 371 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update
Newsfile· 2025-06-18 10:30
Core Insights - Lavras Gold Corp. has reported significant drilling results from the Butiá Gold Deposit, with all seven new drill holes intersecting gold mineralization, including a notable 371 metres grading 1.0 g/t gold and higher-grade intervals [1][4][5] - The company aims to convert inferred gold resources into measured and indicated categories while expanding the mineralization footprint at Butiá [3][5][9] Drilling Results - Drill hole 25BT047 returned 371.0 metres grading 1.0 g/t gold, with a lower portion showing a 50.0 metre interval grading 3.4 g/t gold, including 1.0 metre grading 78.1 g/t gold [4][5][16] - Drill hole 25BT045 intersected multiple intervals of gold mineralization, including 50.0 metres grading 3.4 g/t gold and several high-grade intervals [4][5][15] - The total drilling completed at Butiá and the adjacent Fazenda do Posto target now stands at nearly 53,000 metres, significantly higher than the historical drilling of 20,000 metres [6][9] Exploration Initiatives - The company has renewed a 25,000-metre drilling contract to continue its ongoing drilling program [2] - A metallurgical test program for Butiá is underway at the SGS Laboratory in Belo Horizonte, Brazil, with composite samples from the Fazenda do Posto gold target sent for investigation [2][3] Resource Estimates - The Butiá Gold Deposit hosts a Mineral Resource Estimate of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces in the Inferred category [1][8][41] - The ongoing drilling program is focused on increasing the geological confidence of the existing gold resource and potentially increasing the gold endowment [3][9]
Southern's Unit Achieves 50% Hydrogen Blend in Natural Gas Turbine
ZACKS· 2025-06-17 13:21
Core Insights - Southern Company's subsidiary, Georgia Power, in collaboration with Mitsubishi Power, has successfully conducted the world's largest hydrogen blending test with natural gas on a gas turbine, achieving a 50% hydrogen co-firing capability, marking a significant advancement in low-carbon power generation in the U.S. [1][9][18] Hydrogen Co-Firing Demonstration - The demonstration utilized a Mitsubishi Power M501GAC gas turbine, confirming stable operations and performance at both partial and full loads, with a 22% reduction in carbon dioxide emissions when blending 50% hydrogen with natural gas [2][9]. - Testing was conducted over May and June, validating combustion stability, efficiency, and emissions across various hydrogen blend percentages, starting from 5% to 50% [4][5]. Technological Enhancements - The M501GAC turbine underwent significant upgrades in 2023, including a switch from steam to air cooling and the integration of advanced J-series combustion technology, enhancing hydrogen fuel compatibility and operational efficiency [3]. Strategic Importance of Plant McDonough-Atkinson - Located near Atlanta, Plant McDonough-Atkinson is crucial to Georgia's power infrastructure, supporting approximately 1.7 million homes and operating with multiple gas and steam turbines [6][7]. Project Execution and Logistics - Mitsubishi Power managed the project with comprehensive turnkey services, ensuring a consistent hydrogen supply through a partnership with Certarus [8]. Industry Leadership and Future Vision - The success of the hydrogen blend test positions Mitsubishi Power as a leader in hydrogen combustion technology, contributing to Georgia Power's strategy for a diverse fuel portfolio and addressing evolving energy demands [11][12]. - Southern Company is actively developing additional hydrogen-capable assets, including new turbines at Plant Yates and proposed upgrades at Plant McIntosh, aimed at increasing capacity and hydrogen integration [14][15]. Decarbonization Strategy - Natural gas currently accounts for 40% of Georgia Power's electricity generation, and the integration of hydrogen is seen as a method to enhance reliability while reducing emissions [16][17].
Koryx Copper Provides Project Development Update for the Haib Copper Project, Southern Namibia
GlobeNewswire News Room· 2025-06-17 11:00
Core Insights - Koryx Copper Inc. has made significant progress on its Haib Copper Project in Namibia, focusing on metallurgical testing and infrastructure development, with a Preliminary Economic Assessment (PEA) expected in Q3 2025 [2][3][4] Project Overview - The Haib Copper Project is an advanced-stage copper/molybdenum project aimed at producing clean copper concentrate through conventional methods, with potential for additional copper production via heap leaching [2][4][29] - The current mineral resource estimate stands at 414 million tonnes (Mt) at 0.35% copper, equating to 1,459 million tonnes of contained copper in the Indicated category, and 345 Mt at 0.33% copper for 1,136 million tonnes of contained copper in the Inferred category [29] Metallurgical Testing - The metallurgical test program has shown excellent results, achieving an average flotation recovery of 89% from a grind size of 120-150 micrometers, producing concentrates with a grade of 20-25% copper [8][18] - Historical test parameters have been effectively enhanced, leading to improved copper recovery and cost reduction [6][7] - The program includes ongoing pre-concentration and heap leach testing, with promising initial results [8][16] Infrastructure Development - The project is supported by a comprehensive infrastructure plan, including water and power supply studies indicating a demand of approximately 120 megawatts (MW) for milling and flotation, and 20 million cubic meters (Mm³) of water per annum [8][19] - A mining license application is in progress, and environmental permitting is advancing, with a comprehensive Environmental and Social Impact Assessment (ESIA) being developed [21][26] Technical Studies and Future Plans - Multiple world-class engineering consultants are involved in the PEA, which aims to demonstrate the techno-economic feasibility of Haib as a long-life, low-cost, large-scale open-pit mine [4][5] - The company plans to expedite its drilling program to enhance the mineral resource estimate and capture additional project value through an updated technical study in H1 2026 [5][32] Conclusion - Koryx Copper Inc. is positioning the Haib Copper Project as a future low-risk, high-potential copper production site, with extensive testing and studies underway to support its development [28][29]
Southern Cross Gold Drills 3.9 m at 124.6 g/t Gold with Individual Assays up to 2,110 g/t Gold
Newsfile· 2025-06-16 10:30
Core Insights - Southern Cross Gold Consolidated Ltd has reported significant drilling results from its Sunday Creek gold-antimony project, highlighting the effectiveness of its systematic infill drilling strategy which has reproduced high-grade zones and discovered additional mineralization. Group 1: Exceptional High-Grade Intercepts - The drill hole SDDSC162 intersected 3.9 m at 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb), marking it as the tenth best interval to date at Sunday Creek [4][9][10] - Individual assays reached up to 2,110 g/t Au, representing the seventh best gold assay recorded [4][7] - The Apollo prospect's drill hole SDDSC164 yielded a fourth sample exceeding 100 g/t Au within 180 m of the surface [4][13] Group 2: Successful Infill Strategy Delivering Results - Two infill holes successfully reproduced high-grade zones, validating the geological model and discovering additional vein sets beyond original targets [4][5] - A new 60 m zone of prospective near-surface ground was discovered adjacent to the historic Gladys Mine, which had a 104 m strike length [4][6] Group 3: High-Grade Antimony Confirmed - High-grade antimony-gold combinations were confirmed, including 87.1 g/t Au with 21.6% Sb and 62.3 g/t Au with 20.1% Sb [4][6][30] - The strategic importance of antimony is underscored by ongoing Chinese export restrictions, enhancing the project's value [4][30][33] Group 4: Operational Momentum - The company is advancing a drill program exceeding 200 km, with twenty holes currently being processed and eight actively drilling [8][11][18] - The systematic drilling strategy aims to expand the mineralized footprint while improving geological understanding [19][22] Group 5: Strategic Value of Sunday Creek - The Sunday Creek project is located 60 km north of Melbourne and covers 16,900 hectares, with the company also holding 1,054.51 Ha of freehold land [20][32] - The dual-metal profile of gold and antimony enhances the project's strategic value, particularly in light of China's export restrictions on antimony [33][34]
Southern Company: Data Center Expansion Is Strong Catalyst; Initiate With 'Strong Buy'
Seeking Alpha· 2025-06-16 01:20
Company Overview - Southern Company is the second-largest utility company in the US, generating electricity from both traditional power and new energies in Alabama, Georgia, and Southeastern Mississippi [1] Business Growth - The company is favored for its business growth in the data center market, indicating a strategic focus on expanding its services in this sector [1] Stability - Southern Company is recognized for its stable utility operations, which may contribute to its attractiveness as an investment [1]
Southern Copper Corporation: Downside Risk Too High To Justify A Buy. I'll Pass For Now
Seeking Alpha· 2025-06-13 18:52
Group 1 - Southern Copper Corporation has recently achieved record revenue and net income, driven by high copper prices [1] - The future supply-demand balance of copper remains uncertain, which may impact the stock's performance [1] Group 2 - The analyst has over 10 years of experience researching various companies across different sectors, including metals and mining [1]
Norfolk Southern board of directors elects Richard Anderson as chair
Prnewswire· 2025-06-12 23:24
Leadership Changes - Norfolk Southern Corporation has appointed Richard H. Anderson as the independent chair of the board, effective immediately [1][2] - Anderson has a strong background, having served as CEO of Delta Air Lines, President of Optum Health, CEO of Northwest Airlines, and President and CEO of Amtrak [1] - Jack Huffard has been appointed as chair of the Compensation and Talent Management Committee [2] Board Composition - The board has agreed to reduce its size to 12 members, with remaining committee chairs continuing in their existing positions [2] - Anderson has been on Norfolk Southern's board since May 2024 and has contributed valuable business insights [3] Company Performance and Strategy - The President and CEO of Norfolk Southern, Mark George, expressed confidence in Anderson's leadership to advance strategic priorities and deliver long-term value [3] - Anderson noted the company's strong performance and commitment to safety and efficiency during his tenure on the board [3] Company Overview - Norfolk Southern operates a 22-state freight transportation network and has been in operation since 1827 [4] - The company helps customers avoid approximately 15 million tons of yearly carbon emissions by utilizing rail transport [4] - Norfolk Southern delivers around 7 million carloads annually and has the most extensive intermodal network in the eastern U.S. [4]
Georgia Power names Arthur Tripp as vice president of Economic Development
Prnewswire· 2025-06-09 18:15
Core Insights - Georgia Power has appointed Arthur Tripp as the new vice president of Economic Development, succeeding Walt Farrell [1][2] - The company has a strong reputation for economic development, having contributed to over 1,100 projects that resulted in more than 214,000 new jobs and nearly $89 billion in capital investment [4] Company Overview - Georgia Power serves 2.8 million customers and is the largest electric subsidiary of Southern Company [6] - The company is committed to delivering clean, safe, reliable, and affordable energy, with a diverse generation mix including nuclear, coal, natural gas, and renewables [6] Leadership Background - Arthur Tripp has extensive experience in economic development, previously serving as the state executive director of the USDA Farm Service Agency in Georgia and as a senior policy advisor [2][3] - Tripp holds a bachelor's degree in political science from the University of Georgia and has been actively involved in various leadership programs and boards [3]
Southern Company's Georgia Power Prepares for a Storm-Heavy 2025
ZACKS· 2025-06-09 13:06
Core Insights - Georgia Power, a subsidiary of the Southern Company, is enhancing its storm response capabilities in preparation for the 2025 Atlantic Hurricane Season, anticipating above-average storm activity as forecasted by NOAA [1] - The utility has invested in smart grid technologies and infrastructure upgrades to minimize outage impacts and expedite recovery [1] Storm Response Enhancements - Self-healing technology is now integrated into Georgia's power grid, allowing for rerouting power and isolating issues, which reduces the number of affected customers and accelerates power restoration [2] - This technology was crucial during Hurricane Helene in 2024, which was the most destructive hurricane in Georgia Power's history, significantly aiding in faster power restoration [2] Safety and Preparedness - Georgia Power is urging customers to take proactive safety measures, such as avoiding downed power lines and using generators correctly, emphasizing that preparation can save lives [3] - The company promotes digital tools for customers to stay informed during emergencies, including outage alerts and safety resources [9] Recognition and Achievements - Following Hurricane Helene, which left over a million Georgians without power, Georgia Power received the Edison Electric Institute's Emergency Recovery Award for its recovery efforts [4] - The company replaced over 11,000 power poles, repaired 1,000 miles of wire, and removed more than 3,000 damaged trees as part of the recovery process [4] Future Preparedness - As storm threats are anticipated in 2025, Georgia Power is committed to responding with resilience and innovation [5] Company Overview - The Southern Company operates in electricity generation, transmission, and distribution, serving approximately nine million customers through its seven electric and natural gas distribution units [6] - Currently, the Southern Company holds a Zacks Rank 3 (Hold) [6] Investment Opportunities - Investors in the utility sector may consider stocks like EDP, S.A. (EDPFY), Engie SA (ENGIY), and CenterPoint Energy, Inc. (CNP), with EDP and Engie holding Zacks Rank 1 (Strong Buy) and CenterPoint Energy at Zacks Rank 2 (Buy) [7]