Homerun Resources Inc. has completed the US$1.1 million acquisition of the 442.7-hectare Fazenda land package in Bahia, Brazil. This acquisition secures direct surface rights adjacent to the company's existing industrial target, supporting its district-scale control strategy in the Santa Maria Eterna silica sand district.
Industrial Minerals Ltd has extended its option agreement over the Pippingarra Quarry Project in the Pilbara to October 2024. The extension provides a 24-month runway to advance feasibility studies and offtake discussions for its maiden Inferred Mineral Resource of 6.2Mt at 98% SiO₂.
Meta Critical Minerals has initiated a 1,250-metre maiden diamond drilling program consisting of 24 holes at the Table Mountain Silica Project in British Columbia. The program aims to test the continuity of the Mount Wilson Formation quartzite at depth and provide data for an updated Mineral Resource Estimate and Preliminary Economic Assessment.
Meta Critical Minerals has commenced a 1,250-metre maiden diamond drilling program at the Table Mountain Silica Project in British Columbia. The program aims to test the continuity of the Mount Wilson Formation quartzite and provide data for an updated Mineral Resource Estimate and Preliminary Economic Assessment.
Meta Critical Minerals has commenced its maiden diamond drilling program at the Table Mountain Silica Project in British Columbia. The 1,250-metre program aims to test the continuity of the Mount Wilson Formation quartzite and support an updated Mineral Resource Estimate and Preliminary Economic Assessment.
VRX Silica Limited reported a transformational year with significant progress on its Arrowsmith North silica sand project, including securing State environmental, works, and mining approvals, purchasing the adjacent Arramall farm, and signing binding offtake agreements for 960,000 tonnes per annum. An updated BFS confirmed strong financial outcomes with a post-tax ungeared NPV8 of A$179.2 million. The company also received State Government support for a land swap at its Muchea project, increasing high-grade silica sand volume, and completed several equity capital raises. However, the mineral resource and ore reserve estimates remain unchanged from the previous year, and a silica flour program was paused due to unfavorable economics.
Homerun Resources has successfully produced +4N (99.99%) purity silica sand through a 2-hour thermal pre-treatment and acid leaching process. The purified material, containing only 81 ppm impurities, has been shipped to prospective customers and research partners for qualification.
Homerun Resources has confirmed that calcination followed by acid leaching is the preferred pathway to produce +4N high-purity silica at its Santa Maria Eterna project. The company is now advancing CAPEX studies for two configurations, including a hybrid model that integrates an Enduring Energy Storage system.
Homerun Resources has commissioned Dorfner Anzaplan to perform additional chemical leaching test work to optimize the Phase 2 purification route for its Santa Maria Eterna silica project. This optimization step aims to minimize OPEX and streamline operations before finalizing the CAPEX package and process design.
Homerun Resources has engaged Minerali Industriali Engineering (MIE) to design a 350,000 tonnes per year primary silica sand processing plant at its Santa Maria Eterna deposit in Brazil. This Phase 1 project aims to produce +99.9% SiO2 (3N) industrial grade silica to supply both industrial customers and the company's own solar glass manufacturing facility.
