Territory Resource Wrap

by | Jan 29, 2022 | Business News Brief, News Brief | 0 comments

The NT Independent is providing you with an update of resource news from across the Northern Territory.

Central Petroleum knows the drill

The Northern Territory’s largest onshore gas producer, Central Petroleum will commence an exploration drilling campaign in February 2022. The company has contracted Ensign Rig 963 for the Palm Valley and Dingo exploration program in the Amadeus Basin. Ensign 963 is expected to mobilise to the site in late February 2022, followed by spudding of the well in March 2022.

Silver City Drilling Rig 23 has been contracted to drill the step-out wells. After unusually heavy rainfall over December 2021 and early January 2022, civil works have begun, with drilling now expected to commence in early February 2022.

A8G Resumes Exploration in NT

Mt Peake and Barrow Creek lithium mines in the Northern Territory (NT) will be explored by Australasian Metals (A8G) in 2022. Outcropping pegmatite in the Northern Arunta pegmatite province contains high-grade lithium deposits. On the site of the Mt Peake project, survey teams have arrived and are ready to get to work. The Barrow Creek area will also be the site of a mapping and rock chip sampling operation.

Primary Gold aims to restart operations at three gold mines

Chinese-backed company Primary Gold has secured Major Project Status to revive Mt Bundy Gold Project’s mining operations in three mining sites southeast of Darwin.

Primary Gold’s $412 million project intends to restart three mines – Tom’s Gully, Rustlers Roost, and Quest 29.

Mining construction is expected to commence in 2023, once the regulatory approvals process has been completed and a Final Investment Decision has been made, the government said.

Inca Extends Exploration in Frewena and Jean Elson

Further exploration was conducted by Inca Minerals in the Northern Territory (NT) at the Frewena and Jean Elson prospects. ICG devised a 29-hole drilling program to test 11 distinct targets on the Frewena project. Inca received an exploration license from the NT Government, which comprised two drill holes, one of which struck considerable alteration and sulphide deposit. Inca also invested in a facility in Mount Isa to support operations and ended the quarter with $9.4 million in cash.

RCP Gets New Head, Focus on NT Copper Exploration Announced

Redbank Copper (RCP) said in a statement that Hugh Thomas, who has over 35 years of business experience, has been appointed as Managing Director, effective February 7, 2022. RCP’s Northern Territory copper prospects have been extensively explored over the last 18 months, with significant groundwork pointing to drill locations that will be the focus of RCP’s 2022 exploration program. According to a Redbank press statement, the employment of Hugh will free up Michael Hannington and his team to focus solely on the exploration and value development of Redbank’s massive tenement package.

Nabarlek North project Study Starts After Rainy Season

Meanwhile, Daishat Geodetic Surveyors will conduct a ground gravity study on Alligator Energy’s Nabarlek North project once this year’s rainy season has passed.

(Visited 396 times, 1 visits today)

Ads by Google

Ads by Google

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense

Adsense