Giant Mining uses AI to explore copper at Majuba Hill Project

From Exploration to Asset: Costs that Shape the Future of a Mining Venture. The mining value chain begins at the exploration stage, where substantial resources are committed to identifying and assessing mineral deposits. These early expenditures—geological surveys, drilling, feasibility studies, environmental assessments, and permits - represent more than just costs. Under IFRS 6: Exploration for and Evaluation of Mineral Resources, many of these outlays can be recognised as assets, laying the foundation for future economic benefits. Capitalisation under IFRS 6 IFRS 6 permits entities to develop an accounting policy that determines which exploration and evaluation (E&E) costs may be capitalised. Examples of such costs include: Acquisition of exploration rights (licenses and permits). Geological and geophysical studies, topographical mapping, and sampling. Exploratory drilling, trenching, and stripping costs to evaluate resources. Costs of feasibility and prefeasibility studies directly related to evaluating the technical and commercial viability of the project. These are recognised as intangible or tangible assets depending on their nature. The standard offers flexibility but requires consistency in application and clear disclosure of the accounting policy adopted. Costs to be Expensed IFRS 6 also makes it clear that not all outlays qualify for capitalisation. General administrative expenses, overheads not directly attributable to exploration, and costs incurred after technical feasibility and commercial viability are demonstrable (i.e., moving into development/production) are expensed in the period they are incurred. Similarly, unsuccessful exploration expenditure is written off when the project is abandoned or deemed non-viable. Implications for Mining Start-Ups For mining start-ups, capitalising eligible costs under IFRS 6 improves the balance sheet by recognising exploration assets rather than overstating short-term losses. This approach strengthens investor confidence, facilitates access to financing, and aligns financial reporting with the economic reality of resource development. However, judgment must be applied carefully, with robust disclosure to ensure transparency. Conclusion Exploration expenditures, when treated in line with IFRS 6, are not just sunk costs but strategic investments in long-term value creation. By capitalising qualifying exploration and evaluation costs, mining ventures can more accurately reflect their growth potential, turning early-stage outflows into assets that shape the future of the business.

Critical Metals Corp. says the bankable feasibility study for its proposed 500,000-tonne-per-annum rare earth operation in southern Greenland is now 70% complete. #mining https://lnkd.in/gBbX8pCN

Enami Highlights Strategic Exploration Prospects in Northern Chile Chile’s state-owned mining company has unveiled updates on its principal copper, iron and polymetallic exploration assets, underscoring its commitment to strengthening the country’s long-term mineral pipeline. The presentation, Exploration Developments of the Agua del Sol and Pastenes Prospects, detailed progress in geophysics, drilling programs, and early-stage geological assessments. The portfolio includes prospects such as Cerro Cumbre, Cerro Manchado and Imilac in the Antofagasta region, alongside Tres Puntas and Las Pintadas in Atacama. These targets remain at a baseline exploration stage, with geological mapping and rock geochemistry underway, and in some cases supported by historic reverse-circulation drilling performed by major operators. Pastenes, one of the company’s most advanced prospects, has already seen more than 21,000 metres of reverse-circulation and diamond drilling. The main mineralized vein system has been identified but remains open at depth and along strike. Geophysical surveys also suggest a deeper anomaly north of the known system, beginning at about 200 metres, which is now guiding the next round of exploration drilling. Agua del Sol, located in Atacama, is advancing as another high-priority front. Exploration has defined three sectors with distinct mineral associations: copper-gold-iron in the north; uranium, molybdenum, silver, iron and rare earth elements in the center; and copper enriched with ytterbium, lutetium, europium, yttrium and terbium in the south. Enami reported strong alignment between anomalous geochemistry and conductive geophysical structures, reinforcing the interpretation of the project as an IOCG-type system. Initial drilling, 3D modelling and preliminary evaluations are already underway. By advancing these programs, Enami is positioning itself as a catalyst for new joint ventures and private investment. The strategy not only seeks to unlock new mineral districts but also strengthens Chile’s role as a reliable supplier of copper and critical minerals for the global energy transition. At a time when demand for metals is reshaping international supply chains, the company’s exploration push underscores the economic importance of securing future resources and reaffirms the country’s competitive advantage in the mining sector.

Vanguard Mining Corp. has successfully closed the acquisition of the Yuty Prometeo Project in southeastern Paraguay, significantly expanding its uranium exploration footprint in South America. The project encompasses four concessions spanning approximately 90,000 hectares within the prolific Paraná Basin, strategically positioned adjacent to Uranium Energy Corp's established Yuty Deposit. CEO David Greenway highlighted the strategic importance of this acquisition, emphasizing Paraguay's unique combination of political stability and untapped mineral potential. The project's location alongside UEC's deposit with 8.96 million pounds of U₃O₈ presents a compelling opportunity for advanced exploration. Historical records indicate 28 drill holes on the property, with uranium values ranging from 0.05% to 0.10% U₃O₈. Radiometric surveys have already delineated significant uranium anomalies across the property, suggesting promising exploration potential. The concessions are strategically divided into three San Jose and one Prometeo claim, positioned to leverage modern exploration techniques in a historically prospective uranium district. This acquisition represents a critical step in Vanguard's mission to secure critical minerals for the global clean energy transition. By expanding its presence in Paraguay, Vanguard is positioning itself at the forefront of strategic uranium exploration in South America, demonstrating a calculated approach to mineral resource development.

Inomin Starts $1.7 Million Exploration Program at Beaver-Lynx Project Grid Drilling Testing Continuity of Mineralization at Beaver South Zone and Expanding North Zone Discovery https://lnkd.in/gvz7imb4 #mining #criticalminerals #nickel #magnesium #copper

Great to have drill turning again at Beaver-Lynx working with a major mining company. Partner funded drilling is geared towards resource delineation at the South zone and expanding North zone discovery where drilling has hit long intervals of near-surface, polymetallic, mineralization. Sampling will also be undertaken at the West zone, a large, 4 km x 3 km magnetic anomaly targeting nickel and copper. Nearby is Taseko Mines Limited's Gibraltar copper mine, the second largest open-pit copper mine in Canada. At Beaver project area, six significant mineral zones have been identified by drilling. Such drilling has intersected multiple metals including #nickel #magnesium #copper and #silver. The adjoining Lynx area has a similar number of large targets. Collectively these mineral-rich zones and targets demonstrate the project's district-scale size potential.

If you are running Hexagon's OAS and considering a CAS deployment you need to understand the implications and benefits of this announcement. Virtually real-time, objective video evidence for any CAS events on your site by running OAS and CAS10. You also get advanced analytics and so much more. Simple elegant deployment with only 2 CAS components, OAS video which give both Operator context as well as awareness (forward facing dashcam). The power to analyse events, see correlation between fatigue and vehicle interactions and much more. Want to know more reach out to Hexagon Mining

ESGold Corp is redefining resource exploration through a strategic, low-risk approach to gold and silver mining. The company's innovative strategy focuses on rehabilitating an established legacy mine site in Quebec, prioritizing immediate revenue generation before deeper exploration. By implementing a non-invasive Ambient Noise Tomography (ANT) survey, ESGold has identified significant potential for vertical and lateral metal recovery. This methodical approach demonstrates the company's commitment to responsible and efficient mining practices. The Montauban property, located 80 kilometers west of Quebec City, serves as a prime example of ESGold's sustainable resource recovery model. Their methodology combines near-term production capabilities with long-term district-scale discovery potential. ESGold's approach represents a paradigm shift in mining exploration, emphasizing financial prudence and environmental consciousness. By generating capital through initial metal recovery, the company can fund more extensive exploration efforts while minimizing financial risk. This strategic framework positions ESGold as a forward-thinking player in the resource extraction industry, balancing economic objectives with sustainable development principles.

UK mining and metals company Zinnwald Lithium could begin lithium mining operations in Germany’s Eastern Ore Mountains as early as 2030 in what is estimated to be “one of the largest integrated lithium operations in Europe”. Located in the state of Saxony along the Czech border, the Zinnwald Lithium project is described as strategic and positioned “to support Europe's lithium supply chain.” Lithium is seen as a critical raw material for Europe’s energy transition. A key component of batteries that store renewable energy for cars, households and industrial plants, lithium has become essential for decarbonisation strategies around the world. Demand for lithium is projected to multiply by 60 by 2050. As Germany and Europe focus on energy diversification and supply security, domestic mining operations like Zinnwald have become increasingly significant. According to the project’s pre-feasibility study, the mining operations are forecast to produce 18,000 tonnes of lithium hydroxide monohydrate (LHM) a year in their first phase – enough to equip 800,000 electric vehicles with batteries, reported broadcaster MDR and news agency epd. Phase 2 would see increased production of 35,100 tonnes a year. The project has a mine life of over 40 years, said the pre-feasibility study. A cash flow of 12.1 billion euros is expected over the mine’s entire operating period, as are annual profits (EBITDA) of just under 10.3 million euros, Tagesspiegel Background reported. Development costs for the project are estimated at one billion euros. The Zinnwald production facility would be powered by renewable energy, with mining operations carried out in a "surface-friendly" manner at a depth of approximately 100 to 400 metres below ground, said Marko Uhlig, head of Zinnwald Lithium GmbH, the group’s German subsidiary. Uhlig described lithium mining as "sustainable, low disruption, and low risk." Local residents and a citizens’ initiative have expressed concerns about the project’s environmental impact while profits flow abroad. The EU recently unveiled 47 "strategic projects" to secure and diversify access to raw materials, part of its Critical Raw Material Act, agreed in 2023 to reduce dependencies and boost domestic mining for materials critical for the energy transition. https://lnkd.in/dtP7WPYV

Emerging Trends and Challenges in the Mining Industry Mining engineers must balance technical and soft skills, embrace digital tools, address environmental and social impacts, stay updated on trends, and manage safety risks to drive sustainable, innovative industry practices. Read More : https://lnkd.in/gyXP57Hs #MiningEngineering #TechnicalSkills #SoftSkills #DigitalTransformation #SustainableMining #IndustryTrends #InnovationInMining #ProfessionalDevelopment