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Resources Top 5: Resolution Minerals stands tall on back of US antimony buy
Resources Top 5: Resolution Minerals stands tall on back of US antimony buy

News.com.au

time12-06-2025

  • Business
  • News.com.au

Resources Top 5: Resolution Minerals stands tall on back of US antimony buy

RML is acquiring a drill-ready antimony, gold and tungsten project in the well-endowed Stibnite Mining District of Idaho ACM is acquiring a pipeline of high-impact gold and copper exploration projects in Peru DTR has received further high-level US government support for development of its Colosseum project Your standout resources stocks for Thursday, June 12, 2025. Resolution Minerals (ASX:RML) Standing tall above the pack of ASX juniors was Resolution Minerals after climbing 78.95% to a new 18-month high of 3.4c on volume of more than 204m. The strong support came after the company announced on Wednesday that it was acquiring a drill-ready antimony, gold and tungsten project in the Stibnite Mining District of Idaho – next to the largest known antimony resource in the USA. The Horse Heaven project shares its eastern boundary with A$2bn market cap Perpetua Resources and its Stibnite gold-antimony project, which hosts a 4.8Moz gold reserve and a 148Mlb antimony reserve. Once reopened, Stibnite will be the only domestically mined source of antimony in the US, supplying around 35% of the country's demand. Horse Heaven has strong gold, antimony and silver mineralisation in two prospects – the Antimony Ridge Fault Zone (ARFZ) and the Golden Gate Fault Zone (GGFZ) – and includes past-producing antimony and tungsten mines. Past rock chip results include up to 5.99g/t gold, 367g/t silver and 19.15% antimony, with past drilling returning up to 1.459g/t gold. Resolution Minerals (ASX:RML) said the brownfields project was a transformational acquisition, with the highly encouraging past results indicating large tonnage mining potential. It is expected to begin drilling the antimony prospects at Horse Heaven in the near-term. Horse Heaven is also eligible for fast-tracking under FAST-41, just like Stibnite which was fast-tracked for approval in April, and on May 19, 2025, obtained final approval to be re-opened. The company said Horse Heaven complemented its recently acquired Australian gold-antimony-copper projects – Drake East antimony-gold project (NSW), Neardie antimony project (Qld) and Spur South gold-copper project (NSW) – to create a portfolio highly leveraged to gold and antimony. 'The acquisition of the Horse Heaven project is a company transforming event for RML,' executive director Aharon Zaetz said. 'As many governments around the world look to onshore their supply of critical minerals, such as antimony, we have secured a commanding ground position with known antimony occurrences and next to what will soon be the largest antimony producer in the USA.' Australian Critical Minerals (ASX:ACM) Becoming the latest seeking to exploit the copper-gold riches of the coastal belt along the Andes in South America is Australian Critical Minerals, which has entered a binding share purchase agreement to acquire Circuit Resources. This transaction, which the company describes as transformational, includes a pipeline of high-impact gold and copper exploration projects in Peru, with silver, base metals and lithium as a secondary focus. Circuit Resources owns or has the option to acquire the concessions associated with the Blanca, Riqueza, Flint, Cerro Rayas, Liro and Kamika projects with the first two, Bianca and Riqueza, representing the primary targets for ACM. Investors share the company's enthusiasm with shares up as much as 27.5% to a daily high of 7.9c before closing at 7.3c. Blanca is a low-sulphidation epithermal quartz vein gold system encompassing the Cruz Vein and is within a copper-gold-silver porphyry-epithermal metallogenic belt that also hosts Alta Copper's Canariaco and Rio Tinto's La Granja porphyry copper deposits. Cruz vein outcrops at surface and was partially explored by Inca Pacific Resources in 1996 and 1997 with further trenching and rock sampling carried out in 2010 and 2018 by St Elias Mining. Drilling and trenching delivered strong gold hits including 1.5m at 52.8g/t gold within a 9.5m intersection at 11.27g/t; and 4m at 3.97g/t gold including 1.75m at 7.5g/t. ACM plans to prioritise exploration of Blanca and will immediately start the approvals process for twinning, infill and extensional drilling. Riqueza is a district-scale, intermediate-sulphidation vein system extending over a 10km strike length and southwest of several deposits including Minera IRL's Corihuarmi gold-silver project, Kuya Silver Corp's Bethania silver project and Lara Exploration's Kenita polymetallic project. It has undergone substantial previous exploration with copper grades from 1% to 8.7% and silver assays to 2238g/t in historical rock chip samples. A review and prioritisation of historical drill targets based on extensive surface sampling, mapping and geophysics is underway with ACM aiming to start drill permitting in the second half of 2025. 'The acquisition of Circuit Resources is a significant opportunity for ACM, delivering a pipeline of high-impact exploration projects across gold, copper, silver, zinc and lithium in Peru,' ACM managing director Dean de Largie said. 'The scale and quality of these assets – spanning over 25,000 hectares – give us immediate drill-ready targets and exceptional scope for new discoveries. 'Projects like Riqueza, with high-grade copper-silver veins over several kilometres and proximity to majors like Anglo American, offer Tier-1 potential. 'Blanca has already demonstrated strong gold mineralisation, while Cerro Rayas and the Salar projects provide exposure to critical metals with potentially strong demand tailwind.' Dateline Resources (ASX:DTR) Dateline Resources has welcomed further high-level US government support for expediting the development of its Colosseum project in California. On Sunday, US Secretary of the Interior Doug Burgum highlighted the national significance of the Trump Administration's reopening of the Colosseum mine during an interview on Fox News. He emphasised that restarting the mine was a pivotal step towards bolstering America's supply of critical minerals and reducing US reliance on overseas sources for REEs. The mine, to be clear, has not yet been reopened and does not yet have a rare earths resource. It contains an offically reported resource of around 1.1Moz of gold. Drilling for rare earths was announced on April 5, with the project thought to "share the same mineralising system as Mountain Pass", the only operating rare earths deposit in the States. In a meeting on Monday at the US Department of the Interior headquarters in Washington, DC, Dateline Resources says its MD and CEO Stephen Baghdadi met with Secretary Burgum to discuss the next steps in developing REE extraction at Colosseum. Baghdadi highlighted the mine's potential to contribute to the US REE supply chain, essential for advanced technologies and national security, sooner than any other known deposit in the US. Secretary Burgum, joined by senior appointees from the Department of the Interior and President Donald Trump's National Energy Dominance Council, reaffirmed his commitment to bolstering US rare earth production, expressing specific enthusiasm for Colosseum, the company said. The hope is more government support and funding could come with that. Investors welcomed the news, with shares reaching 10.2c, a 29.2% increase on the previous close with more than 196m changing hands. Meeka Metals (ASX:MEK) With commissioning of the processing plant underway at the Murchison gold project, Meeka Metals reached a 10-year high of 18.5c, an increase of 15.63% on the previous close, as it transitions to producer status. Dry commissioning (system and equipment testing) has progressed successfully and ore is being fed into the plant while wet commissioning (full operational commissioning) is underway. The first gold pour from gravity gold is planned for June 2025 while first gold sales and cash flow are expected in early July. 'It rounds out a period of consistent delivery against our development timeline and reflects our focused actions to bring the project online,' Meeka's managing director Tim Davidson said. "We are now focused on maximising the expanded open pit mining opportunity following the success we are having with the drill bit. 'Additionally, first ore is expected from our first underground mine at Andy Well in the September 2025 quarter.' The Murchison project hosts a 1.2Moz at 3g/t gold mineral resource on granted Mining Leases. Ausgold (ASX:AUC) New high-grade gold results have extended the Datatine high-grade shoot by 240m down-plunge and reinforced its potential as a high-grade underground prospect within Ausgold's Katanning gold project (KGP) in WA. Results of up to 6.6m at 3.40g/t gold from 362m, including 3.8m at 5.80g/t from 364.85m, also support the outlook for future resource growth at Katanning. RC and diamond drilling also returned 2m at 3.67g/t from 297m along with 11.3m at 0.96g/t, including 4.2m at 1.81g/t from 333.83m, and resulted in AUC shares reaching a new three-year high of 77c, a 6.22% increase on the previous close. The company will now utilise funding of up to $180,000 through the Geological Survey of WA Exploration Incentive Scheme (EIS) for further drilling. This will target sections where high-grade mineralisation is interpreted to have been missed and test for further high-grade mineralisation up to 150m beyond the current down-plunge extent. 'With both Datatine and the Central Zone remaining open down-plunge, we see clear opportunities to increase resources at the KGP,' executive chairman John Dorward said. The company is on track to complete a feasibility study in late June considering the development of a large-scale, long-life open pit gold project.

Bhatti in Bengaluru to study underground cable system
Bhatti in Bengaluru to study underground cable system

Hans India

time21-05-2025

  • Business
  • Hans India

Bhatti in Bengaluru to study underground cable system

Bengaluru / Hyderabad: Deputy Chief Minister Bhatti Vikramarka Mallu on Tuesday visited Bengaluru for an in-depth review of the city's large-scale underground cabling initiative undertaken by the Bangalore Electricity Supply Company Limited (BESCOM). The visit was part of the Telangana government's ongoing efforts to modernise urban infrastructure and improve power supply systems' reliability, safety, and aesthetics in rapidly growing metropolitan areas. The day began with a high-level review meeting hosted by BESCOM officials. The project, launched in 2018-19, had already converted over 7,400 kilometres of 11kV OH lines and thousands of kilometres of low-tension lines into UG or aerial bunched (AB) cables. A key innovation has been the laying of Optical Fiber Cable (OFC) ducts along the UG cable routes to enable future telecom leasing as a revenue stream. The Dy CM asked questions related to design and implementation challenges, some of which were – the financial structuring of the project, which includes loans from the Asian Development Bank (ADB), Rural Electrification Corporation (REC), and other public sector banks, the reduction in technical losses and electrical accidents, which BESCOM confirmed had fallen by up to two per cent since the UG implementation, the readiness of OFC infrastructure for commercial use, to which BESCOM responded that while ducts are in place, last-mile coordination with telecom operators and BBMP, the role of Ring Main Units (RMUs) in ensuring system reliability and reducing downtime during faults. The Deputy CM expressed appreciation for the scale and execution discipline of the project, while also noting the importance of integrating learnings into Telangana's upcoming urban grid modernisation programmes, particularly for Future City. Later in the day, Vikramarka visited a pilot site in Malleshwaram (15th Cross), where an Underground Distribution network including underground Transformer (DTR) system has been implemented. The site showcased how DTRs can be housed in fully buried chambers with accessible maintenance panels at street level, freeing up urban space and improving safety. During the field visit, Bhatti Vikramarka engaged directly with engineers and contractors on-site, reviewing safety protocols, load balancing techniques, and provisions for emergency repairs. He noted how such innovations could be especially valuable in Telangana's densely populated urban corridors. Presentations were made by Karnataka Power Transmission Corporation Limited, and Bengaluru Electricity Supply Company MD Pankaj Pandey and their team on the Bengaluru Overhead (OH) to Underground (UG) Power Conversion Project, which has emerged as one of India's most comprehensive urban power infrastructure transformations. Officials from the Government of Telangana, including Krishna Bhaskar, CMD, TRANSCO and Musharraf Faruqi, CMD, SPDCL also participated in the discussions.

Eagles Trade of Jalen Hurts Backup QB Predicted by Insider
Eagles Trade of Jalen Hurts Backup QB Predicted by Insider

Yahoo

time19-05-2025

  • Sport
  • Yahoo

Eagles Trade of Jalen Hurts Backup QB Predicted by Insider

When the 2025 offseason began for the Philadelphia Eagles, the team traded away backup quarterback Kenny Pickett for a late-round pick swap and current quarterback project Dorian Thompson-Robinson. DTR was never expected to be the immediate backup to Super Bowl MVP Jalen Hurts. That position was being held for former sixth-round quarterback Tanner McKee this season. Advertisement But as a third quarterback, DTR could be seen as a quality fill-in. That was before the Eagles drafted Syracuse star Kyle McCord in the sixth round of the 2025 draft in April. McCord's arrival on the team has pushed DTR to the outside looking in on the roster. Cayden Steele shared their early projection for the 53-man roster and predicted that Thompson-Robinson will end up being the odd man out. "Jalen Hurts, Tanner McKee, Kyle McCord. After spending the first two years of his career as the Eagles' No. 3 quarterback, McKee will step into the backup role," Steele said. "He played well in his only career start against the New York Giants last season and has been a preseason star. Philadelphia could trade him next offseason for a Day 3 pick. Advertisement You never want to see a team giving up on a trade acquisition so early in the process. Philadelphia is notorious for doing so, though. If they don't think they can get good production from a player, they will simply move on from him. The team also doesn't really look to keep four quarterbacks on the roster either. DTR's time is running out in Philadelphia. And it's hard to imagine - barring injury - that he can do much of anything to earn a spot this season in Philly. Related: Eagles Potential Week 1 Opponent Seems All But Secure Related: Eagles Analyst Predicts Breakout Season From Standout Tackle

Rare Long-Snouted Vine Snake Spotted In UP's Dudhwa Tiger Reserve
Rare Long-Snouted Vine Snake Spotted In UP's Dudhwa Tiger Reserve

NDTV

time15-05-2025

  • Science
  • NDTV

Rare Long-Snouted Vine Snake Spotted In UP's Dudhwa Tiger Reserve

Lakhimpur Kheri: A brown morph, long-snouted vine snake, Ahaetulla longirostris, was discovered in the Dudhwa Tiger Reserve, in a landmark herpetological breakthrough, officials said Thursday. This rare and cryptic species was sighted and photographed alive in the grassland of Kishanpur Wildlife Sanctuary on Monday, officials said. "The discovery marked the second live record of this species from Uttar Pradesh, following its initial sighting during the 2024 rhino translocation initiative in the South Sonaripur range, Dudhwa Tiger Reserve Division, Palia Kheri," said Dudhwa biologist Vipin Kapoor Sainy. He added the discovery marked the second live record of this species from Uttar Pradesh, following its initial sighting during the 2024 rhino translocation initiative in the South Sonaripur range, Dudhwa Tiger Reserve Division, Palia- Kheri. The snake was observed during a coordinated tiger-tracking patrol by a team comprising wildlife biologists Vipin Kapoor Sainy, Apoorv Gupta, and Rohit Ravi (Senior Biologist, WWF India), along with veterinary expert Dr Talha, pharmacist Sandeep, and frontline staff Bhagiram and Nabisher Khan. During routine monitoring, biologist Sainy spotted the slender, elongated snake moving slowly across the grassland edge toward a forest road. Recognising its significance, the team conducted non-invasive photographic documentation and a brief health assessment, confirming the specimen's vitality and intact physical condition. The snake was safely released at the same location under the supervision of forest range officer Mohammad Ayub. Field Director, Dudhwa Tiger Reserve (DTR) Dr H Raja Mohan lauded the biologists' team for the discovery and said: "Dudhwa is not just about tigers, elephants, or rhinos, it is an evolving repository of lesser-known and ecologically vital species." He added, "The discovery of Ahactulla longirostris, particularly the brown morph, which was never seen before in India, exemplifies the depth of biodiversity Dudhwa is blessed with." He further said, "Such observations were possible only because of the dedicated teams that combined scientific expertise with frontline conservation commitment." Elaborating upon the new discovery, Deputy Director, DTR Dr Rengaraju T said, " The re-appearance of Ahaetulla longirostris in the Terai plains, and that too in two distinct colour morphs, green and brown, pointed towards a broader ecological amplitude." He added, "The Kishanpur sighting opened new avenues to study polymorphism, microhabitat preferences, and species distribution in the Indo-Gangetic region." Dr Rengaraju T informed that the long-snouted Vine Snake was a mildly venomous snake distinguished by its laterally compressed body, sharply pointed snout, and horizontal pupils, features often leading to misidentification with closely related Ahaetulla species." These records placed Dudhwa at the forefront of herpetofaunal research in northern India. Dr Rengaraju said, "The Forest Department, along with scientific partners, is now planning to strengthen its biodiversity monitoring frameworks, encourage herpetological surveys, and build local capacity for the identification and conservation of cryptic species, ensuring that the full ecological spectrum of Dudhwa continues to be revealed." (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Will Shedeur Sanders even make the Browns roster?
Will Shedeur Sanders even make the Browns roster?

Yahoo

time14-05-2025

  • Sport
  • Yahoo

Will Shedeur Sanders even make the Browns roster?

Yahoo Sports' Nate Tice, Matt Harmon and Charles McDonald dissect the crowded QB room in Cleveland and decide who will be the odd man out. Hear the full conversation on 'Football 301' - and subscribe on Apple Podcasts, Spotify, YouTube or wherever you listen. View more Video Transcript If Shaor Sanders is gonna make the team, which I do think is an if, like, he was a 5th round pick, you're not guaranteed anything if you're a 5th round pick, but if he's gonna make the team, then I feel like only one of Flacco or Pickett is gonna make the team, and then it because it just doesn't make any sense to carry, like you're gonna carry all 4 of these guys again, like one of these rookies is and it would be Sanders is just never gonna get any reps, so I feel like then they just probably burned that 5th rounder in DTR but whatever, uh, on trading for Kenny Pickett. Advertisement Um, cause I would, if, if it's Flacco Pickett, even as bad as Flacco looked last year with the Colts, I think he, I'd probably give him the edge over Kenny Pick. Also, I can't believe Flacco is still doing this, man. I'm gonna put Joe Flacco first because you just have to give Browns fans something that reminds them of football and not feeling like crap. Second, I'm going to go Dillon Gabriel I think just based on draft investment. I mean, that's a top 100 pick. I know he hasn't played. I personally think he's the worst of the four, but it's just hard for me to see a world where they give up on a top 100 pick year one. Advertisement Year two, that'd be possible. I mean they they just cut Siakika and those attack from Baylor, who's a 2nd round pick after one season, so. I, I, I don't, I don't know if, if Gabrieltas the 3rd round of cements anything, but for the purpose of like ranking, ranking this for making the team, I think I'm going to put them 2 just because they just trapped in the top 100. Um, then you get to Shadoor and Kenny Pickett. I guess these are your 2 5th rounders, right? Uh, I'll, I'll, I'll go. I think, I think Shaddoor is a better quarterback than Kenny Pickett, but I don't know if they cut Kenny after they just tried to acquire him and they gave up another player that they valued clearly in DTR because he got to play some money snaps, uh, that I don't think most teams would have given him over the past few years. Advertisement Uh, so I, I, I think I'll pick it 3A, Sanders 3B, but maybe those are the guys who are fighting for their chances to make the roster. I think Flacco ends up winning it all, winning it all because I just think he even at 40 years old, is the best quarterback in this group, um, then maybe we just go on from there. But yeah, I just think there's gonna be potentially two odd men out, not just one, because it just roster stuff, but I'll just see how the, this is Cleveland's problem, and I'm just gonna be curious how they figured it out.

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