22 August 2024
22 August 2024
Gold prices are at all-time highs amid widespread inflation, geopolitical risks and the Fed’s imminent cut of US interest rates.
Blackwater will be owned by Whitehaven, Nippon Steel and JFE Steel via an unincorporated joint venture managed by Whitehaven.
The British mining giant has been looking to rationalise since a rebuffed takeover bid by BHP earlier in the year.
The Dominican Republic is home to Barrick Gold’s Pueblo Viejo mine, the largest mine in Latin America and the Caribbean.
USL will become the first junior company to fully own this underexplored silver district.
The programme encompasses geological reconnaissance, thermal infrared and LIDAR drone imagery.
The placement will fund the completion of a definitive feasibility study and other activities for the Kobada project.
The programme includes drilling 3,000m across five or six drill holes to confirm historical results.
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