26 July 2024
26 July 2024
The demand for lithium should have brought wealth to the indigenous communities of South America.
The company's underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) were $4.98bn ($3.87bn) in the first half (H1) of 2024, down by 3% from $5.11bn a year ago.
Earlier this year, Enami launched its search for a partner to develop the Altoandinos lithium project.
Teck Resources made the investment as part of Fremont Gold’s non-brokered private placement.
The Phase I drilling, comprising 16 diamond drill-holes, aims to reach an average depth of 400m per hole.
The mine is expected to have a processing capacity of 1,000 tonnes per day (tpd).
Mosaic will issue three million shares to Iamgold and grant the miner a 2% royalty.
Minrex has incurred exploration expenditure on exploration licence 7423 (EL 7423), which covers the Queenslander and Spring Gully gold projects.
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