Good Botswana news for Ausdrill
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SPONSOREDlake resources
Stars aligning at Stellar for PolarX
SPONSOREDpolarx
Metro Mining promises low-cost bauxite for Chinese smelters
SPONSOREDmetro mining
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ASX-listed Ausdrill (ASL) has had a good week, climbing nearly 6%, though it dipped today. The company's shares are up about 27% over the past month, capitalising it at about A$1.34 billion.
Ausdrill said the five-year contract for its Barminco subsidiary to develop and operate Cupric's Zone 5 Mine, announced last month, was contingent on privately-owned Cupric locking down the big funding package to get a 3.6 million tonnes per annum mine and upgraded nearby Boseto processing plant operational. Barminco is expected to start development of Zone 5 in December this year.
Lake Resources prepares to make a splash in lithium
SPONSOREDlake resources
Stars aligning at Stellar for PolarX
SPONSOREDpolarx
Metro Mining promises low-cost bauxite for Chinese smelters
SPONSOREDmetro mining
Namdini moves toward 300,000ozpa reality
SPONSOREDcardinal resources
"This is one of the largest contracts awarded to Barminco and a major opportunity for Ausdrill under our international growth strategy," Ausdrill managing director Mark Norwell said.
"We are delighted that the funding package has successfully closed and look forward to delivering on this significant project."