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Articles by Hipo Resources
Deep Yellow nails uranium resource upgrade
In a remarkable move, Deep Yellow has managed to convert nearly 100 per cent of one of its world-class uranium resources at the Tumas 3 deposit in Namibia from “inferred” to the higher confidence, “indicated” category, upgrading just over 24 million pounds of eU3O8 grading 313 parts per million. A comprehensive infill drilling program is responsible for the incredible resource conversion rate, which initially aimed to convert just 50% of the resources from inferred to indicated.
Arafura hit with significant shortfall
Arafura Resources’ rights issue has only raised only around a third of its $23.2 million target, with underwriter Patersons Securities set to be issued with $7.9 million worth of shares.
Chalice sells Canada projects for $13m
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Tyranna management see off boardroom coup
Tyranna Resources has secured a mandate to progress with its plan to unlock early cash flow from its Eureka gold project near Kalgoorlie after defeating an attempt to replace the current management. Central Iron Ore, which held 11.64% of the company’s issued share capital through its wholly-owned subsidiary Central West Resources, had sought to replace managing director Bruno Seneque, chairman Geoffrey Clifford and non-executive director Nick Revell with its appointees.
Tyranna eyes early cash flow from Eureka gold project
Tyranna Resources has joined the growing ranks of junior miners looking to fast track revenue generation by embracing a smaller scale project with more palatable levels of Capex required. Mining consultant firm Entech has completed a review of a restart study at the company’s wholly-owned Eureka gold project near Kalgoorlie that confirms the potential for a viable cash flow positive mining operation.
Kalium flags $284m capex for Beyondie
Kalium Lakes has released a bankable feasibility study for its Beyondie sulphate of potash (SOP) project in the Pilbara, which outlines an initial capital cost of $284 million. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
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