Investigator Silver reported an upgraded intersection of 10 metres at 2,662 grams per tonne silver at Paris East, its Paris project in South Australia, including 4 metres at 5,448 grams per tonne and a 1 metre interval at 13,302 grams per tonne from 80 metres. Paris North returned 4 metres at 2,119 grams per tonne from 111 metres. The results, from a roughly 30,000 metre reverse circulation programme with more than 12,000 metres completed, sit largely outside the definitive feasibility study pit design and point to resource growth beyond the current 57 million ounce resource and 33 million ounce probable reserve, with an updated resource estimate due in 2027.
Waratah Minerals linked its Spur deposit to the historic Essex Mine in New South Wales, with drill holes returning 170.6 metres at 0.61 grams per tonne gold and 157 metres at 0.57 grams per tonne, including higher grade intervals of 21 metres at 1.09 grams and 6 metres at 2.58 grams. The results follow the November 4 maiden resource of 3.1 million ounces at 1.2 grams per tonne across Spur and Consols, covering about 2 kilometres of a 6 kilometre corridor, and Waratah is targeting five million ounces with 12 rigs drilling about 50,000 metres over the next six months.
Forrestania Resources lifted the British Hill resource in Western Australia 35 percent to 286,300 ounces (5.64 million tonnes at 1.58 grams per tonne), six weeks after the previous estimate, with indicated resources up 45 percent to 199,800 ounces. Drilling included 16 metres at 5.77 grams per tonne. The company also signed a binding ore purchase agreement with Dundas Minerals for up to 750,000 tonnes from the Rockland project, adding to similar deals with High-Tech Metals and Star Minerals around its two hub processing strategy, and reported a 64.67 percent relevant interest in its takeover of Zenith Minerals as of November 6.
American Rare Earths has started work on a small scale continuous pilot plant to produce neodymium praseodymium oxide, and then metal, from Halleck Creek ore in Wyoming. Concentrate has been delivered to Novex in the United States, where the plant is built; the three phase programme runs from laboratory verification through a continuous campaign to metal specimens, is due to finish in the first quarter of 2027, and will inform a larger demonstration plant planned at the Saskatchewan Research Council later in 2027. It is the first time Halleck Creek material has entered a connected circuit running from concentrate to separated oxide to metal.
Akobo Minerals produced approximately 12 kilograms of dore gold in October at an average processed grade of 11 grams per tonne at the Segele underground mine in Ethiopia, taking cumulative production since start up to about 181 kilograms at an average grade of about 22 grams per tonne. The lower October grade reflected a higher share of development material and previously accumulated tailings; the processing stockpile stood at about 1,100 tonnes. Drilling at the nearby Gingibil prospect intersected the targeted quartz vein in its first two holes with visible gold observed, and an updated mine development plan is due in December. Segele’s resource is about 69,000 ounces at 22.7 grams per tonne.
Australian Vanadium has been awarded up to A$15 million from the Western Australian Government’s Investment Attraction Fund towards design, construction and commissioning of a vanadium electrolyte manufacturing facility using its V-NOMAD technology, adding state support to the company’s pit to battery strategy alongside its existing federal manufacturing grant.
Metso will supply its first Metso Loesche vertical roller mill dry grinding installation in minerals processing to First Majestic Silver’s Jerritt Canyon gold mine restart in Nevada, under an order worth about 9 million euros booked in the third quarter. The mill, delivered with Loesche, will grind material feeding the site’s existing roaster circuit, and the technology is marketed on up to 40 percent lower energy use than conventional grinding.
Altair Minerals has entered a binding term sheet to sell its wholly owned subsidiary Cobalt X, holder of the Wee Macgregor and Mt Cobalt projects in Queensland, to unlisted Nexum Resources for seven million Nexum shares at a deemed 20 cents each, or $1.4 million, ahead of Nexum’s planned initial public offering. Altair will focus on its Greater Oko project in Guyana and Olympic Domain project in South Australia; completion remains subject to due diligence, approvals and consents, and the consideration is shares, not cash.