Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]
Tag: tailings storage facility
Panther appoints SRK for Winston MRE
Panther Metals plc has appointed SRK Exploration Ltd as independent consultants to conduct a mineral resource estimate for its optioned Winston tailings project in Ontario, Canada. The historic site contains high-grade gold, gallium, silver, zinc, copper and cobalt and other minerals within the mine’s tailings storage facility. Panther said that the MRE would be based […]
Panther applies for Winston tailings recovery permit
Panther Metals plc has started the application process for a recovery of minerals permit for the historic Winston Lake Mine polymetal tailings storage facility in Ontario, Canada. DRILLING The company has held a pre-submission meeting with the regulatory authority and will progress through the four-stage process alongside continuing other work at the site. Grid drill […]
Cadence expects early grant of licences at Amapá
The Amapá iron ore mine in Brazil has progressed with the grant of licences expected in less than half the normal period and a lower risk rating for the tailings storage facility (TSF). LICENCES Cadence Minerals plc, with a 33% interest, said that the re-rating followed maintenance, reporting, drilling and compliance work carried out since […]
Condor Gold makes ‘significant progress’ in de-risking La India
Condor Gold announced it had made significant progress in de-risking its open pit, associated mine infrastructure and planned operation plant at La India project in Nicaragua. RESOURCES The company said it had 1.12 million ounces of gold open pit mineral resources, including 8,583 thousands of tonnes (Kt) at 3.3g/t of gold for 903,000 oz gold […]