Brightstar Resources (BTR:AU) has announced Gold Processing Underway. CY25 Gold Production Commences
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Brightstar Resources (BTR:AU) has announced Gold Processing Underway. CY25 Gold Production Commences
Download the PDF here.
Cobre Limited (ASX: CBE, Cobre or Company) is pleased to announce that CBE, and certain wholly owned subsidiaries (also Cobre), have executed an Earn-In Agreement (Transaction) with a wholly owned subsidiary of BHP Group Ltd (BHP) under which BHP will provide up to US$25 million (~A$40m) for exploration expenditure for Cobre’s Kitlanya East and Kitlanya West Copper Projects (Kitlanya Projects) and be granted the right to earn a 75% interest in the Kitlanya Projects, located on the northern and southern basin margins respectively of the Kalahari Copper Belt (KCB) in Botswana. The Transaction is a result of Cobre’s successful participation in the 2024 BHP Xplor program which also provided funding for the recently completed seismic survey on the Kitlanya West Project (see ASX announcement 22 August 2024).
Highlights
The Transaction underscores Cobre’s confidence in the potential for its projects to host Tier 1 copper- silver deposits. A partnership with BHP provides the exploration funding, scale and expertise to maximise Cobre’s chances of making significant new discoveries on our basin margin exploration ground while retaining 100% ownership of its Ngami and Okavango Copper Projects.
The planned work programme for the initial US$7m includes several deep (~1km) diamond holes combined with active 2D seismic survey designed to assess key components of the Mineral System required for Tier 1 copper deposit formation. Mobilisation for the first phase of drilling, which will test targets identified in the 2024 seismic programme at Kitlanya West, is scheduled for April 2025.
Tim O’Connor, BHP Group Exploration Officer said:
‘We are thrilled to continue our partnership with one of the BHP Xplor alumni, Cobre Limited, through this agreement. This collaboration reflects our excitement for the exploration potential in Botswana and underscores the high standard of partnerships we see coming out of the BHP Xplor program. The Kitlanya Projects in Botswana represent an exciting opportunity to uncover Tier 1 copper-silver deposits, and we are pleased to contribute our expertise and resources to this venture.”
Commenting on the Transaction, Adam Wooldridge, Cobre’s Chief Executive Officer, said:
“This significant transaction with BHP, one of the world’s leading mining companies, is a major moment in time for Cobre as a company as well as a testament to the success of BHP’s Xplor programme. The partnership with BHP will provide us with the funding and support necessary to implement a technology-driven work programme designed to discover the Tier 1 deposits we believe may be hosted in our Kitlanya East and West Projects.
Independently, Cobre will continue advancing its Ngami and Okavango copper Projects.This combined strategy provides exposure to potential Tier 1 discoveries, a development opportunity at Ngami and short-term discoveries on our Okavango project.”
Commenting on the transaction, Martin Holland Chairman of the Cobre board, said:
“First and foremost, I would like to extend my gratitude to BHP for their exceptional efforts in the 2024 BHP Xplor program, which aims to foster bold thinking and elevate global exploration to new heights.
I would also like to thank the Cobre Board and team, especially our CEO Adam Wooldridge and Technical Lead Thomas Krebs, for their tireless dedication throughout the year-and-a-half-long process that has led us to this point and for their efforts in successfully finalising this transaction with BHP.”
Geology, Mineralisation and Exploration Target
Mineralisation in the KCB is sediment-hosted and structurally controlled, with copper-silver mineralisation most frequently hosted along the redox contact between the basal units of the reduced marine sedimentary rocks of the D’Kar Formation and oxidised clastic sedimentary red bed units of the Kuke and Ngwako Pan Formations and the underlying volcanosedimentary Kgwebe Formation. Of particular interest for Tier 1 deposits are the tight, upright folds which offer ideal trap-sites for upgrading of copper-silver mineralisation and formation of large deposits. These folds are typically bounded by district-scale shears (often with evidence of copper anomalism) which would provide the necessary plumbing architecture for movement of copper-rich fluids during basin formation and subsequent closure and deformation. A schematic illustration of the preserved fold hinge model is illustrated in Figure 2. The upcoming exploration programme will focus on testing these buried anticline hinge zones along with assessing primary basin architecture, source rocks, fluid pathways and trap-site mechanisms.
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Wide Open Agriculture (WOA:AU) has announced WOA secures new sales in Europe, Latin America & Australia
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Eclipse Metals Ltd (ASX: EPM) (Eclipse Metals or the Company) is pleased to announce the execution of a binding option and earn-in agreement with Boss Energy Limited (ASX: BOE) (Boss). Through the agreement, Eclipse and its wholly owned subsidiary North Minerals Pty Ltd have granted Boss Energy the option to earn up to an 80% interest the Liverpool Uranium Project, located in the highly prospective Alligator Rivers Uranium Field of West Arnhem Land, Northern Territory (the Project).This strategic alliance seeks to unlock the significant potential of the Project through a structured investment and exploration program.
Highlights
A summary of the material terms and conditions of the binding option and earn-in agreement is set out in Annexure A.
Commenting on the Company’s strategic alliance with Boss Energy, Eclipse Metals Executive Chairman Carl Popal said:
“Partnering with Boss Energy is a key milestone for Eclipse Metals and the advancement of the Liverpool Uranium Project.
“Boss Energy as a uranium producer will accelerate our exploration efforts, bringing us closer to unlocking the full potential of this highly prospective region.
“This strategic alliance allows Eclipse to enhance shareholder value in this long-held asset while sharpening our focus on critical mineral opportunities. Our key projects in Greenland, with their rich rare earth and industrial mineral potential, and other Australian assets remain central to our mission of contributing to the global critical minerals supply chain.”
ABOUT THE LIVERPOOL URANIUM PROJECT
The Liverpool Uranium Project comprises five exploration licences – EL27584, ELA31065, ELA31770, ELA31771, and ELA31772 – covering 1,229 square kilometers. Notably, the Devil’s Elbow prospect within EL27584 has yielded high-grade surface uranium assays, including results up to 5.8% U₃O₈, as well as significant gold and palladium mineralisation (EPM announcement 20 April 2020).
The Company’s previous exploration programs focused on the area around the Devil’s Elbow, Terrace and Ferricrete uranium prospects, concentrating on high-priority areas defined by historical geochemical and radiometric anomalies within EL27584 and relatively unexplored ground south of the Ranger Fault.
The Devil’s Elbow prospects show strong similarities to the Jabiluka uranium and gold mine, which was discovered in 1971. Jabiluka is located 20km to the north of the Ranger Uranium Mine and about 75km west of the Devil’s Elbow. At Jabiluka, uranium and gold mineralisation occurs in an altered section of the Cahill Formation, near reverse faulting structures that are like those at the Devil’s Elbow prospect.
STRATEGIC SIGNIFICANCE
This strategic alliance combines Eclipse’s deep knowledge of the Project with Boss Energy’s proven expertise in uranium exploration and production. The Alligator Rivers Uranium Field is renowned for its high-grade deposits, positioning both companies to capitalise on the region’s significant potential.
Boss Energy intends to begin exploration activities on the Project during the 12-month option period, which will include mineral prospectivity mapping, target generation and validation of targets.
This strategic alliance underscores Eclipse’s commitment to expanding its diverse portfolio of mineral projects, while aiming to create shareholder value, and contribute to the global supply of critical minerals.
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Prince Frederik of Luxembourg has died after a lifelong battle with a rare genetic disorder known as POLG mitochondrial disease.
He passed away on March 1 in Paris, his family announced on the website of the POLG Foundation, which Frederik started in 2022.
“It is with a very heavy heart that my wife and I would like to inform you of the passing of our son, The POLG Foundation Founder and Creative Director, Frederik,” his father Prince Robert of Luxembourg wrote.
The foundation describes POLG as a “genetic mitochondrial disorder that robs the body’s cells of energy, in turn causing progressive multiple organ dysfunction and failure.”
It said the disease has no treatment or cure.
“Frederik and the POLG Foundation … are committed to finding therapies and a cure to save other patients from suffering what Frederik and our family have endured,” his father wrote.
Prince Frederik died a day after Rare Disease Day. He was in his early 20s.
Thousands of supporters greeted Nepal’s former king in capital Kathmandu on Sunday and demanded his abolished monarchy be reinstated and Hinduism brought back as a state religion.
An estimated 10,000 supporters of Gyanendra Shah blocked the main entrance to Kathmandu’s Tribhuvan International Airport as he arrived from a tour of western Nepal.
“Vacate the royal palace for the king. Come back king, save the country. Long live our beloved king. We want monarchy,” the crowds chanted. Passengers were forced to walk to and from the airport.
Hundreds of riot police blocked the protesters from entering the airport and there was no violence.
Massive street protests in 2006 forced Gyanendra to give up his authoritarian rule, and two years later the parliament voted to abolish the monarchy as Gyanendra left the Royal Palace to live the life of a commoner.
But many Nepalis have grown frustrated with the republic, saying it has failed to bring about political stability and blaming it for a struggling economy and widespread corruption. Nepal has had 13 governments since the monarchy was abolished in 2008.
Rally participants said they were hoping for a change in the political system to stop the country from further deteriorating.
“We are here to give the king our full support and to rally behind him all the way to reinstating him in the royal throne,” said Thir Bahadur Bhandari, 72.
Among the thousands was 50-year-old carpenter Kulraj Shrestha, who had taken part in the 2006 protests against the king but has changed his mind and now supports the monarchy.
“The worst thing that is happening to the country is massive corruption and all politicians in power are not doing anything for the country,” Shrestha said. “I was in the protests that took away monarchy hoping it would help the country, but I was mistaken and the nation has further plunged so I have changed my mind.”
Gyanendra has not commented on the calls for the return of monarchy. Despite growing support for the former king, Gyanendra has slim chances of immediately returning to power.
He became the king in 2002, after his brother and family were massacred in the palace. He ruled as the constitutional head of state without executive or political powers until 2005, when he seized absolute power. He disbanded the government and parliament, jailed politicians and journalists and cut off communications, declaring a state of emergency and using the army to rule the country.
The P-3 propellor plane banks sharply, silhouetted against dozens of shimmering lights in the sea against an Argentine sunset. As the camera pans across the scene, it becomes clear: the glaring lights come from dozens of fishing vessels dotting the ocean below.
The footage, shared by the Argentine military in late February, shows the overwhelming scale of a flotilla near a marine boundary which separates the country’s more restrictive exclusive economic zone from less-regulated international waters.
This area, about 200 nautical miles off the coast of southern Argentina, is notorious for illegal and unregulated fishing — often carried out by Chinese vessels, according to the Argentine Navy.
Most of these ships hunt for squid, which are abundant along the Argentine coast and a vital food source in the marine ecosystem.
The Argentine military is now ramping up efforts to combat these fishing operations in a region experts warn is on the brink of environmental collapse.
The military’s footage shows an advanced P-3C “Orion” surveillance plane — designed for anti-submarine and maritime surveillance — approaching the fishing fleet. The aircraft took part in the Argentine military operation in January alongside a smaller C-12 surveillance plane and two corvette warships, according to the Argentine navy.
This surveillance mission was conducted to address ongoing concerns that the fishing vessels may cross into the country’s more restricted EEZ, according to a spokesperson for Defense Minister Luis Petri.
The mission identified a total of 380 fishing vessels just outside Argentina’s EEZ, many of which sailed from Asia to richer waters, the military says.
Since September, the Argentine Navy has acquired multiple planes designed for maritime surveillance, which Petri said will help “control and monitor” the country’s coastline “in light of the enormous challenge we face with the possible intrusion of fishing vessels into our Exclusive Economic Zone.”
Petri described the existential threat earlier this year, arguing that “the (natural) resources of all Argentines are at stake.”
The cluster of ships, stretching approximately 150 miles from north to south, raised concerns over illicit fishing. At night, many of these fishing vessels turn on bright lights to lure squid to the surface, where they are harvested using a large net. The lights are so strong that they can be seen from space.
Argentina’s Navy has noted a pattern of foreign fishing vessels turning off their tracking systems to avoid detection when illegally fishing inside the exclusive economic zone — an area where Argentina maintains sovereign rights to its natural resources, according to international law.
Historical ship tracking data corroborates the pattern and reveals these abundant waters off Argentina’s coast as a hotspot for lapsed vessel beacons.
Seven of the identified vessels — all sailing under China’s flag — were operating under US sanctions, according to a Treasury Department database.
These ships are linked to Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., a Chinese fishing company which was sanctioned by the US in 2022 for its involvement in “serious human rights abuses” and illegal fishing, including operations in the protected waters of the Galapagos Islands and the transport of more than 6,600 shark carcasses, according to a US Treasury Department press release.
The company also received a $19 million subsidy from China’s government as an incentive to develop its deep-water fishing capabilities, according to the statement.
The US Treasury Department press release detailed reports of forced labor, physical abuse, and extreme isolation among crew members. In one case, a Pingtan crew member who tried to leave a vessel after learning of unpaid wages was allegedly denied permission and deprived of food for three days, according to the statement.
It added that China has “actively participated in the formulation of international rules related to fishery subsidies” and has made “contributions to the conservation and sustainable use of fishery resources and the maintenance of a fair and reasonable international maritime order.”
Pingtan Fishing Group stated that it “has endeavored to ensure that its fishing methods are in compliance with international standards and the laws and regulations of the operating waters” in a letter responding to the Treasury Department’s 2022 sanctions.
Satellite imagery obtained from Planet Labs and captured in the area surveilled by the Argentine military offers a glimpse into this fleet.
In one case, a former crewmember on one squid fishing vessel, Ning Tai 52, accused its parent company Zhoushan Ningtai Ocean Fisheries of employing forced labor practices, according to a 2021 Greenpeace report.
In response to the allegation in Greenpeace’s report, Zhoushan Fisheries said they were “perplexed to be receiving this kind of complaint… we assure you that no such thing as forced labor has occurred.”
Illicit fishing has plagued costal Argentina for decades, experts say, with the Argentine Navy saying that Chinese vessels are frequent violators of the exclusive economic zone.
According to the United Nations, illegal, unreported, and unregulated fishing can undermine efforts “to manage fisheries sustainably (and) conserve marine biodiversity.” In some cases, it can lead to the “collapse” of local fisheries, according to the UN.
The problems faced in Argentina are part of a wider pattern of unregulated fishing conducted by Chinese fishing fleets across the globe. Having depleted its own domestic fishing resources, similar Chinese flotillas have been spotted off the coast of Western Africa, in parts of the disputed South China Sea and around South America.
Driving the expansion of China’s global fishing footprint is the ever-growing demand. As China grows richer, its appetite for seafood has also soared. Once a luxury reserved for coastal elites, shrimp, squid, and saltwater fish have become everyday dishes in inland Chinese cities. The country is now the world’s largest seafood consumer and, by one estimate, is expected to drive 40% of the world’s seafood consumption growth by 2030.
Approaching the fleet of fishing vessels at night is akin to watching a sunrise, Schvartzman recounted. Others have described the flotilla as a “floating city” which fills the entire field of view, he recalled, having spent over a decade monitoring overfishing off the coast of Argentina.
“(Only) when you get closer, you find that each light is… a vessel with hundreds of very powerful lights used to fish squid,” Schvartzman says.
By comparison, the Argentine fleet that was authorized to fish inside the EEZ consists of between 70 and 75 ships, according to Darío Sócrate, the executive director of the Argentine Chamber of Squid Jig Owners.
This imbalance harms Argentine fishermen, Sócrate says. He estimates that local fishermen only catch half of what they could have because of the foreign fishing activities.
“You don’t have any place in the world where in a short strip of ocean, you have more than 550 vessels fishing without any regulation,” Schvartzman said. “And the environmental impact is because (of) this.”
“For the species, for the ecosystem, it doesn’t matter if the vessel is one mile farther or closer… the impact is the same.”
Police in southern India said Saturday that they arrested two men in connection with allegations of gang rape of an Israeli and a local woman.
The Israeli and her homestay operator were stargazing along with three male travelers, an American and two Indians, in Koppal town in southern Karnataka state on Thursday night, police official Ram L. Arasiddi said.
According to an initial investigation, three men on a motorbike approached them while asking for money. Following arguments, the three men pushed the male travelers into a nearby water canal and sexually assaulted the women, Arasiddi said. One of the Indian tourists drowned and his body was recovered on Saturday. The American and another Indian swam to safety.
Koppal is about 350 kilometers (217 miles) from Bengaluru, India’s startup and technology powerhouse.
Arasiddi said police set up a special investigation team that arrested two out of the three suspects on Saturday. They were being investigated on suspicion of attempted murder, gang rape and robbery, he said.
The Associated Press generally doesn’t identify victims of sexual assault.
Sexual assaults on women have become familiar in India, where police recorded 31,516 rape cases in 2022, a 20% increase from 2021, according to the National Crime Records Bureau. The real figure is believed to be far higher due to the stigma surrounding sexual violence and victims’ lack of faith in police.
Rape and sexual violence have been under the spotlight since the brutal 2012 gang rape and killing of a 23-year-old student on a New Delhi bus. The attack galvanized massive protests and inspired lawmakers to order the creation of fast-track courts dedicated to rape cases and stiffen penalties.
The rape law was amended in 2013, criminalizing stalking and voyeurism and lowering the age at which a person can be tried as an adult from 18 to 16. The government in 2018 approved the death penalty for people convicted of raping children under age 12.
Despite stringent laws, it’s rare for more than a few weeks to pass without another brutal sexual assault being reported.
High-profile cases involving foreign visitors have drawn international attention to the issue. Last year, in a video that was later deleted, a Spanish tourist said his wife was raped in northern India while an Indian-American woman said she was raped at a hotel in New Delhi. In 2022, a British tourist was raped in front of her partner in Goa.
Warships from Iran, China and Russia kicked off their annual joint exercises in the Gulf of Oman on Monday, showing off their military ties as US President Donald Trump upends longstanding Western alliances.
The “Security Belt-2025” drills, taking place near the Iranian port of Chabahar, is the fifth joint naval exercise Iran, China and Russia have held since 2019, according to Chinese state media.
Analysts have long seen the drills as a demonstration of the growing partnership among the three authoritarian powers as they seek to counterbalance US influence and challenge the Western-led global order.
But this year, the optics are even more pronounced as Trump disrupts the transatlantic alliance – a cornerstone of Western security for decades – by embracing Russia at the expense of Ukraine, and pushes Asian allies to pay more for US protection.
Asked about the drills on Sunday, Trump said he is “not at all” concerned about the show of force by the three US adversaries.
“We’re stronger than all of them. We have more power than all of them,” he told Fox News aboard Air Force One.
Concerns have been mounting in Washington about the emerging strategic partnership among China, Russia, Iran and North Korea, which US lawmakers have described as an “axis of authoritarianism,” “axis of autocrats” and “axis of dictators.”
The fear is that a shared animosity toward the US is increasingly driving these countries to work together – amplifying the threat that any one of them alone poses to Washington or its allies, not just in one region but perhaps in multiple parts of the world at the same time.
At the same time, Trump has openly embraced Russian counterpart Vladimir Putin in a bid to end the war in Ukraine by talking directly to Moscow while leaving Kyiv and European allies on the sidelines.
Russia and North Korea’s military relationship has strengthened considerably over the last year, with the two signing a mutual defense agreement and Pyongyang sending its troops to fight for Moscow in its invasion of Ukraine.
The drills also come amid heightened tension between US and Iran.
Since returning to the White House, Trump has restored what he calls his “maximum pressure” campaign on Iran that includes efforts to drive its oil exports down to zero in an attempt to stop Tehran from obtaining a nuclear weapon – a move denounced by Tehran as “bullying” tactics.
The Gulf of Oman is a crucial gateway connecting the Indian Ocean and the Strait of Hormuz, through which more than one-quarter of the world’s seaborne traded oil passes.
The US maintains its own significant presence in the region via the Fifth Fleet which is based out of nearby Bahrain.
Russia’s Defense Ministry said the joint naval exercises will involve 15 combat ships, support vessels and gunboats, as well as helicopters, according to state news agency TASS.
“The Russian side is represented by the Rezky and Russian Hero Aldar Tsydenzhapov corvettes, and the Pechenega tanker of the Pacific Fleet,” the ministry is quoted as saying.
China, meanwhile, deployed the Type 052D guided-missile destroyer Baotou and supply ship Gaoyouhu from a nearby naval escort task force to take part in the exercise, the Chinese Defense Ministry said in a statement.
The drills, with an aim to “enhance military trust and strengthen practical cooperation,” will include simulated strikes on maritime targets, visit-board-search-seizure operations and search and rescue drills, the ministry added.
Iran has sent a stealth missile corvette and a patrol ship, according to Iranian state media.