Pacific Bauxite gains Solomons projects

PACIFIC Bauxite has completed formal agreements to acquire a 50% interest in Au Capital Mining which holds two bauxite projects in the Solomon Islands. The primary target is Nendo Bauxite Project in Temotu province of the country’s east with the arrangement also covering Choiseul project in the north.

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EPC signed for Tuvatu project

LION One Metals has signed an MoU with Ansteel-CapitalAsia Global Engineering for ongoing development of the Tuvatu Gold Project in Fiji. The MoU covers an engineering, procurement and construction (EPC) contract for a processing plant and a vendor financing agreement.

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Results confirm Iris-Electra potential

FOLLOW-UP drilling by the Minotaur Exploration and OZ Minerals joint venture at the Iris-Electra copper-gold prospect near Cloncurry in north Queensland has confirmed the potential for copper sulphide mineralisation. All four holes of the program intersected hydrothermally altered breccia zones exhibiting various degrees of chalcopyrite mineralisation.

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Havilah to explore near Portia

AFTER becoming a gold producer in 2016 Havilah Resources will return to exploration this year seeking copper and gold resources at targets within trucking distance of the operating Portia Gold Project in South Australia. The planned budget for the 2017 drilling program is $500,000, of which 40% will be funded by the South Australian Government under a Program for Accelerated Exploration (PACE) grant.

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