20 October 2023
20 October 2023
A production increase at the Gudai-Darri mine will lead to higher overall iron ore production levels.
Tocvan Ventures will make $4m in cash payments and issue 2.5 million Tocvan common shares.
Liontown secured the commitment from a syndicate of banks and government credit agencies for A$760m in debt financing.
Cornish Tin mines primarily for tin and lithium, both considered essential to energy transition technologies.
With the two mineral licences, Azincourt can expand its Big Hill lithium project from 7,500 hectares (ha) to 15,100ha.
The Bilboes project has the potential to produce 170,000oz of gold annually.
The Makuutu project has a mineral resource estimate of 532 million tonnes at 640 parts per million (ppm) total rare earth oxides.
The miner reported revenues of $5.82bn, while consolidated debt stood at $9.5bn in Q3 2023.
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Within the rare earth metals market, cerium is projected to account for the largest volumetric share followed by lanthanum, neodymium, and others in 2023. The demand dynamics for neodymium is estimated to remain strong as the sale of electric vehicles continue to flourish across the globe. The product is deployed in the manufacturing of magnets including low and high performance and is an integral part of the modern-day technology assembly from automotive vehicles to fighter jets.
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