AGP Executive Report
Last update: 8 hours agoProject Drilling Starts in Australia: Alkane Resources has begun diamond drilling at the Nagambie antimony-gold project in Victoria under its earn-in with Nagambie Resources, aiming to grow the existing inferred resource. Gold Targeting Push in WA: WA Gold is shifting to Bullabulling near Coolgardie, lining up priority gold targets ahead of drilling after a review highlighted under-tested structural ground. Nickel DFS Timeline Tweaked: Ardea Resources has delayed the definitive feasibility study for its Goongarrie Hub nickel-cobalt project to add value-engineering, with funding backed by Sumitomo and Mitsubishi. Rare Earths Manufacturing Bet: USA Rare Earth will invest $1.2bn in South Carolina to build magnet and rare earth metals capacity, targeting commissioning in 2028. Regulatory Update in WA Bauxite: Western Australia moved to revoke Alcoa’s current bauxite exemption order, though operations can continue under a replacement order. Iron Ore Watch: Guinea’s Simandou iron-ore exports jumped in May, while iron ore prices slipped on weaker steel margins and demand. Uranium Development Pathway: Aura Energy is targeting FID for its Tiris uranium project in Mauritania by end-2026 after an MoU with a major nuclear utility. M&A / Takeover Signal: Cygnus Metals jumped on a $232m takeover offer from Central Asia Metals, with a scheme vote expected later. Illegal Mining Crackdown: Guyana shut down six illegal mining operations in the Mazaruni district, arresting 38 and seizing equipment.
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