Latest Mining And Mineral Processing News

Neometals reported high-grade gold and copper intersections at Barrambie during the September quarter, but its cash position remains tight after drawing a A$2 million secured loan. The company estimated only 1.08 quarters of funding and is still pursuing A$5 million in unpaid placement proceeds.

Mount Ridley Mines says its patent-pending Selectro process recovered 91.9% of aluminium and 96.7% of iron from a third-party bauxite sample at below 100°C. The test produced a small, pH-neutral silica-rich residue instead of conventional red mud, but product purification, economics and scale-up remain unproven.

Freehill Mining has secured A$600,000 from a placement and launched a further A$606,943 entitlement offer as September aggregate sales reached a record A$506,121. The funding will support Islón plant upgrades, working capital and permitting for the Blanco y Negro copper-gold project.