Harmony to boost Hidden Valley production

Harmony Gold is ahead of schedule with plans to increase production at the Hidden Valley Gold-Silver Project to an annual rate of 28 million tonnes. It is aiming for annual steady state production of 180,000 ounces of gold and 3 million ounces of silver and expects to achieve commercial levels of production during the June quarter of 2018.

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New resource estimate for Mt Nakru

COPPERMOLY has received an updated JORC-compliant mineral resource estimate for the Mt Nakru Copper-Gold Project. At a cut-off grade of 0.3% copper, the inferred resource now stands at 29.1 million tonnes @ 0.92% copper, 0.22 g/t gold and 2.25 g/t silver for 267,000 tonnes of copper, 208,000 ounces of gold and 2.104 million ounces of silver.

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Nautilus makes excellent progress

NAUTILUS Minerals is making excellent progress as it continues with preparations for the seafloor mining project in the territorial waters of Papua New Guinea. The company aims to commence operations at the Solwara 1 project site in quarter one of 2019, mining copper, gold and silver.

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Funds for work at Kainantu

K92 MINING will use the majority of C$16.554 million raised in placements to fund exploration and development of the Kainantu Gold Project. Ongoing underground drilling at the Irumafimpa and Kora deposits is returning strong results.

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