Fox Tungsten has mobilized a fourth drill rig to its Silverboss property in British Columbia to target molybdenum-copper exploration. The company aims to investigate potential extensions of mineralization near the historic Boss Mountain mine while continuing its tungsten drilling at the Fox project.
VR Resources has received approval from the Nevada Bureau of Land Management for an NOI drill permit expansion at its New Boston project. The amendment doubles the number of permitted drill sites from 8 to 16, allowing for expanded follow-up drilling near the high-grade NB26-003 intersection.
Erdene Resource Development has released a preliminary economic assessment for its Zuun Mod molybdenum-copper project in Mongolia, outlining a $687 million development plan. The study estimates an after-tax NPV of $745 million and an IRR of 16% based on a base case scenario.
Erdene Resource announced positive Preliminary Economic Assessment (PEA) results for its Zuun Mod Molybdenum-Copper Project in Mongolia, outlining a 34-year mine life with a base case after-tax NPV8% of US$745.1 million and an IRR of 16.1%. The PEA is supported by an updated NI 43-101 compliant mineral resource estimate, including 407.1 Mt Measured+Indicated at 0.048% Mo and 0.062% Cu, and positive metallurgical testwork indicating high recoveries for both molybdenum and copper. The company plans further drilling to upgrade and expand resources.
Erdene announced positive Preliminary Economic Assessment (PEA) results for its wholly-owned Zuun Mod Molybdenum-Copper Project in Mongolia, outlining an after-tax NPV8% of US$745 million and an IRR of 16.1% over a 34-year mine life. The study, based on an updated Mineral Resource Estimate, projects significant molybdenum and copper production with an All-in Sustaining Cost of US$13.89/lb molybdenum. The PEA highlights the project's compelling economics and strategic importance as a potential major molybdenum producer.
Strategic Metals has identified eight stacked skarn horizons at the Harry Project in Yukon, characterized by a tungsten-tin-molybdenum signature. Surface chip sampling and soil geochemistry suggest a large molybdenum anomaly and a potential porphyry-type target related to a buried intrusion.
Strategic Metals has identified eight stacked skarn horizons at the Harry Project in the Yukon through mapping and surface geochemistry. The results show a tungsten-tin-molybdenum signature and a large molybdenum soil anomaly, pointing toward a suspected buried porphyry target.
Strategic Metals has identified eight stacked skarn horizons at the Harry Project in Yukon through mapping and surface geochemistry. The results show a tungsten-tin-molybdenum signature and a large molybdenum soil anomaly, pointing toward a suspected buried porphyry target.
Erdene Resource Development Corp. announced positive Preliminary Economic Assessment (PEA) results for its Zuun Mod Molybdenum-Copper Project, outlining a 34-year mine life with an after-tax NPV of US$745.1 million and an IRR of 16.1% at base case prices. The PEA incorporates an updated NI 43-101 compliant Mineral Resource Estimate, showing significant Measured, Indicated, and Inferred resources, and projects high metallurgical recoveries for both molybdenum and copper. While the study highlights compelling economics, a substantial portion of the mine plan relies on Inferred resources, indicating early-stage project confidence.
Lightning Minerals has identified a major, undrilled molybdenum porphyry target at the Eastern Rhyolite Complex within the Mt Turner Project in Queensland. The target is supported by a large molybdenum soil anomaly, coincident IP chargeability, and surface stockwork veining, with confirmatory soil assay results currently pending.
