17 July 2026
17 July 2026
The project will act as a satellite extension of Yandi, run by BHP, Itochu Corporation and Mitsui & Co.
A consortium that initially included Adroit Capital and White Oak told administrators it would not proceed with the acquisition.
The agreement covers 22 claims across roughly 35,029ha of mineral tenure.
New drill sites are mainly located in the Atlanta South, Silver Park and Western Rim areas.
The company plans 50km of IP surveying, as well as mapping and prospecting over 50km² and the collection of 4,000 soil samples across 100km².
Potential buyers are said to include Rio Tinto Group, along with Japanese trading companies Mitsubishi and Mitsui & Co.
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Weir, a mining technology company, has secured a multimillion-dollar contract in quarter two with a major Chinese non-ferrous metals company to supply WARMAN® pumps for the Phase III expansion of a Xizang copper mine.
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