The announcement of new State Government funding to support the search for minerals and petroleum across Western Australia is a much needed stimulus for investment in exploration in Western Australia,” according to Association of Mining and Exploration Companies (AMEC) CEO Simon Bennison.
Aphrodite Gold plans to build, commission and operate the first new ore processing plant in the Kalgoorlie region of Western Australia for the past 20 years with a new oxide and refractory gold processing plant on the site of its Aphrodite Gold Project.
LionGold Corp has increased its annual gold production target for 2014 from 120,000 ounces to 200,000 following further acquisitions. The Singapore-listed company’s recently released annual report for the 2013 financial year ending March 31 state’s that the group’s mining portfolio now includes 5.5 million ounces of gold resources, of which nearly 900,000 ounces are classified as reserves.
Sovereign Gold has potentially made a significant gold discovery in New South Wales at its Mt Adrah Hobbs deposit with initial drill results confirming mineralization at every metre from surface to a depth of 576 metres.