Focus Mines’ Post

We are pleased to provide an update on the development of the Boorara Gold Project, with the first ore delivery now underway. The initial stockpile of 54,380 tonnes is being hauled to Norton Gold Fields Pty Ltd’ Paddington mill for processing, marking the commencement of gold production from Boorara.   The development of Boorara, approved in July 2024, includes mining a series of four open pits containing 1.24Mt of ore at 1.24g/t Au for an estimated 49.5koz of gold. Mining operations, which began in August, are now fully staffed and progressing well. Mining will continue over the next 14 months, with processing extending to 19 months, and projected to generate an estimated A$30M in free cashflow at a gold price of A$3,600/oz.   Under our Ore Sale Agreement with Norton Gold Fields, we will receive 50% of gross revenue less estimated processing costs within five days of delivering ore to the Paddington ROM pad. Final revenue calculations, based on grade, moisture and metallurgical recovery, will be determined once the ore is fully processed.   Commenting on the project’s progress, our Managing Director and CEO, Grant Haywood, said: “It is very pleasing that we are transporting our first ore delivery from Boorara, with first revenue due shortly. We look forward to ongoing gold production from Boorara.   “In addition to Boorara, our Phillips Find project is progressing well and is on track for first ore delivery to the Greenfields mill in February 2025”.   We look forward to sharing further updates on Boorara and our broader project portfolio as we achieve key milestones.   Read the full announcement here: https://bit.ly/41sHSoS   #HorizonMinerals #HRZ #WesternAustralia #GoldMining #ASX

Gold Co. Files Technical Report on Updated Resource in BC: https://ow.ly/mxZ550Sm0QT Thesis Gold Inc. announced it has filed a technical report for the updated mineral resource estimate for its 100%-owned Lawyers-Ranch project in the Toodoggone Mining District of Northern British Columbia. Read to see the major returns being predicted by one analyst. #gold #goldstocks #miningstocks $TAU:TSX

Why are we so excited about this $100M mkt. cap Canadian mining company? Our client, Luca Mining Corp. (TSXV: LUCA) just released its Q3 2024 financial results, marking a pivotal quarter for the company. As a proud partner supporting Luca Mining, We’re thrilled to highlight some key takeaways: 🌟 Production Milestone: - 11,988 oz of gold equivalent produced, including: -- 3,604 oz gold -- 158,778 oz silver -- 5.8M lbs zinc, 1.8M lbs copper, 1.1M lbs lead 🌟 Strong Revenue Growth: - Quarterly revenue hit US$18.1M, a 60% YoY increase. 🌟 Optimization & Growth Progress: - Campo Morado: Throughput nearing 2,000 tpd; copper recoveries at ~80%; soon producing separate zinc, copper, and bulk concentrates. - Tahuehueto: Throughput reaching +800 tpd; first major exploration campaign in over a decade is underway, with up to 5,000m of drilling planned. 🌟 Positive Financial Momentum: - Mine operating profit: US$1.7M (despite planned/unplanned shutdowns). - Debt reduction underway, aiming to be debt-free by mid-2026.   Looking ahead, Q4 2024 and 2025 are headed in a positive direction for Luca, as optimization efforts and exploration campaigns unlock the enormous potential at both Campo Morado and Tahuehueto. Congrats Dan Barnholden, Lisa Dea and Sophia Shane #gold #copper #zinc #silver #mining

🌟 Exciting Progress at GIB Mining's Edjudina Gold Project! GIB Mining (ASX: GIB) is making significant strides in advancing the Neta Prospect within the Edjudina Gold Project in WA’s Eastern Goldfields. Key updates include: ✅ JORC Resource: 378,000 tonnes @ 1.9g/t for 24,000 Oz Au. ✅ A Mining Benefits Agreement (MBA) with the WTAC is under review, with a decision expected in mid-December 2024. ✅ Fauna & Flora surveys, rock characterization, and mine planning are underway, preparing for a Mining Proposal submission in early 2025. GIB’s priority is to establish a Mine and Haul operation using toll treatment at a third-party mill, with initial discussions already initiated with a specialized WA group. Big things are on the horizon for Edjudina! #GoldMining #GIBMining #MiningUpdates #Edjudina #WesternAustralia * Click here to subscribe for free 7-day access to our daily market insights and analysis: https://lnkd.in/gzhTXvNT

Enchi Exploration Yields Promising Results Newcore Gold (TSXV: NCAU, OTC: NCAUF) on Tuesday reported strong drill results from its Enchi gold project in Ghana, showing wide mineralization at the Boin deposit. “Though mostly confirmatory, the results demonstrate good continuity,” Canaccord Genuity Group Inc. analyst Peter Bell said. #mining #miningnews #gold

Sunstone Metals Limited (ASX:STM) has calculated its maiden mineral resource estimate (MRE) for the El Palmar gold-copper porphyry project in northern Ecuador and the results establish a foundation for a large-scale Tier-1 discovery. This first resource estimate is a reported 1.2 million ounces of gold equivalent (AuEq) from the T1 deposit, a strong starting point for further exploration. The T1 deposit also enjoys the advantage of being a surface-level resource, making it amenable to open-pit mining. Sunstone managing director Patrick Duffy said: “These results confirm that El Palmar is a major discovery with clear potential to host a Tier-1-scale inventory with an exploration target of 15 million ounces to 45 million ounces gold equivalent that is complemented by the maiden mineral resource. More at #Proactive #ProactiveInvestors #ASX #STM #Gold #Copper #Mining #PreciousMetals #BaseMetals http://ow.ly/x2zT105Mxb4

@Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) hailed the current quarter just ended as a turning point for the miner with permission to restart operations and raise its tailings dam wall at the Gedabek mine in Azerbaijan. A first lift in the wall by 2.5 metres will be completed in November 2024 while production restarted from its agitation leaching plant last month. Third quarter production totalled 3,040 gold equivalent ounces (GEOs) against 5,295oz a year ago, mostly gold. For the nine months of the year so far, production has totalled 8,310 GEOs against 28,686 GEOs in 2023. In the third quarter, gold bullion sales amounted to 3,220oz at an average price of $2,497oz with net debt at the end of the period of US$14 million. Full year 2024 production guidance was maintained at 15,000 to 19,500 GEOs with  Anglo adding it remains on schedule to restart its flotation processing in November with the first production from... More at #Proactive #ProactiveInvestors http://ow.ly/N5zC105Lwqq

via Mining.com.au Australia has the potential to play a much larger role in the supply of #manganese, particularly as grades continue to decline and the world’s largest sources face transport and logistics challenges. Currently, Australia has just one operational manganese mine, but the east Pilbara region hosts some of the largest onshore deposits in the country. Brendan Cummins, Managing Director of Black Canyon Limited, tells Mining.com.au this is why the company has been able to efficiently grow the global Balfour Manganese Field resource from 15 million tonnes in 2021 to over 300 million tonnes in 2023 through just three drill programs totalling 20,064m. Read more: https://loom.ly/1QmBqoc #BCA #BlackCanyon #ASX

A report compiled by Sound Mining International Limited suggests a potential 2.4 MT of run-of-mine plant feed at a copper grade of 1.25% Cu and a gold grade of 0.25 g/t Au. for Hope & Gorob. The report estimates a 5-year open pit operation at a production rate of 480 ktpa. It also estimates that an operating cost of US$50.80 per ton RoM is equivalent to an indicative cost per tonne of contained copper in concentrate of US$5,020. According to the report, the Hope deposit underground mineral resource could be 0.9 Mt RoM at a copper grade of 2.04% Cu and a gold grade of 0.48 g/t Au, providing a further 4-year life of mine potential at a production rate of 220 ktpa. https://lnkd.in/ewTYDC6T #gold #copper #HopeandGorob #Namibia Bezant Resources Plc #ColinBird Sound Mining - Mining Consultancy | Geological Exploration | Mine Design | ESG Read this week's magazine and other back editions here: https://lnkd.in/dX83j-v2

New mining leases have been granted to Alto Metals Ltd (ASX:AME) over the Bull Oak and Indomitable camps at the Sandstone Gold Project in Western Australia. The granting of these leases by the WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) bolsters Alto’s resource base and supports continued exploration and development at the project. The leases, M57/663 and M57/665, consolidate existing resources and historical workings, further de-risking the project and providing flexibility for future mining operations. Indomitable camp contains an indicated and inferred mineral resource of 210,000 ounces at 1.2 g/t gold, while Bull Oak hosts an inferred mineral resource of 65,000 ounces at 1.1 g/t gold. More at #Proactive #ProactiveInvestors #ASX #AME http://ow.ly/a7pr105C2jw