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Tag: New Century Resources

Lower Gulf zinc site dealing with its biggest wet yet

Written by dev on . Posted in All News, Copper.

Water management and safety are the focus at the Century mine site, where mining activities have been suspended after what is described as an unprecedented wet season for the lower Gulf zinc operation.

Bureau of Meteorology figures show Century has received 1605.2mm of rain since the current wet season kicked off in October. That is almost triple the average annual rainfall total for the site of 567.9mm.

"In the time that Century's existed, we haven't seen anything like this," New Century Resources spokesman Shane Goodwin said.

"Talking to some long-term residents of the Gulf in. . .

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Location of the Silver King Deposit with historical workings

New Century continues Silver King push as results shine

Written by dev on . Posted in All News, Exploration.

New Century Resources is extending its drilling program at Silver King after high-grade results including 'exceptional' silver assays of up to 1005g/t.

The company is weighing up the near-term development of Silver King and the East Fault Block into mining operations within its Century project in North-West Queensland, and is targeting a final investment decision in early FY22.

Assays from the latest 12 holes of the 30-hole resource definition program at Silver King delivered the strongest results to date, the company said.

They included an intercept of 1.9m at 65.7 per cent lead. . .

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Jameson Cell success at Century plant

Written by dev on . Posted in All News, Exploration, Processing / Manufacturing.

New Century Resources has boosted processing plant performance at its Century zinc operations with commissioning of a Jameson Cell.

The company has engaged consultants from Glencore Technologies (inventors of the Jameson Cell) and Mineralis Consultants.

They are assisting with start-up commissioning strategy and integration of the site's refurbished Jameson Cell into the processing circuit in a $2 million project.

New Century initiated slurry commissioning of the Jameson Cell in early May following successful completion of cell refurbishment and water commissioning. . .

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Exploration, mining and processing briefs

Written by dev on . Posted in All News, Coal, Copper, Exploration, Gold.

Updates from New Century Resources, Duke Exploration, Pure Hydrogen Corporation, Coronado and more in this week's exploration, mining and processing briefs.

Strong showing for Century's Silver King mine hope

The Silver King deposit continues to shine for New Century Resources, with strong silver assays including results up to 580g/t silver.

The company has now received assays from 16 out of 30 holes completed at the site, part of its Century mining lease.

It said the impressive drilling. . .

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Hi-ho Silver! New Century drilling yields ‘stunning’ results

Written by dev on . Posted in All News, Exploration, Processing / Manufacturing.

New Century Resources has announced 'stunning' high-grade assays from the first seven holes of a 30-hole drilling program at the Silver King deposit within its Century mining lease.

They include an intersection of 9.5m grading at 45.5 per cent lead, 4.1 per cent zinc and 425g/t silver from 174.4m.

New Century sees Silver King shaping up as a new mining operation for the site in the near. . .

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New Century sizes up Silver King for potential mine

Written by dev on . Posted in All News, Exploration.

New Century Resources has launched a drilling program at the high-grade Silver King deposit as it weighs up future mining opportunities at the Century site.

The Silver King lead-zinc-silver deposit is 3km west of the existing Century processing plant and, along with the East Fault Block, is the subject of a development study.

New Century said there was potential for near-term development of Silver King underground and East Fault Block open pit as the next mining operations at Century, with final investment decision due in the third quarter of this year.

The infill drilling at Silver. . .

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Gulf zinc operation hits production milestone

Written by dev on . Posted in All News, Processing / Manufacturing.

New Century Resources is celebrating a major milestone, producing its 500,000th tonne of zinc concentrate since restarting operations at the Century mine site in August 2018.

The company also announced that it had executed a zinc price hedging program for the remainder of this financial year, securing contracts to guarantee a floor price of $US1.20/lb ($US2,645/t) for all sales in the March quarter and 50 per cent of sales in the June quarter.

New Century said the hedging at this price captured strong tail winds within the industry. . .

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New Century backs away from Goro nickel deal

Written by dev on . Posted in All News.

Century zinc operator New Century Resources has decided against buying into the Goro nickel and cobalt mine in New Caledonia.

The company announced today that it had elected not to proceed with a binding offer for the acquisition of 95 per cent of the issued shares in Goro owner Vale Nouvelle-Calédonie.

New Century has been engaged in an extensive process of asset due diligence and commercial negotiations since late May with Vale, the French State and other stakeholders.

It said it had also been engaging with the governing body of the Southern Province of New Caledonia regarding ongoing environmental. . .

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IGO selling out of New Century Resources

Written by dev on . Posted in All News, Processing / Manufacturing.

Perth-based mining company IGO Limited is offloading its 18.4 per cent stake in Queensland zinc producer New Century Resources.

It comes just months after IGO Limited invested in New Century and entered a strategic relationship for the companies to assess opportunities within the Century zinc operation tenements and other mining assets.

Those opportunities have included New Century's foray into battery metals with its proposal to purchase the Goro nickel and cobalt mine in New Caledonia.

New Century said today. . .

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QEC showcase to focus on critical minerals

Written by dev on . Posted in All News, Exploration, Processing / Manufacturing.

Critical minerals will be a focus of the next Queensland Exploration Council Investment Showcase virtual event on Wednesday, August 26.

This free webinar is hosted by QEC corporate partner McCullough Robertson and showcases the investment potential of three Queensland exploration companies - New Century Resources, Duke Exploration and Pure Minerals.

There will also be a commodity update from. . .

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New Century still working on Goro mine deal

Written by dev on . Posted in All News, Processing / Manufacturing.

New Century Resources says it is making significant progress in evaluating technical and commercial aspects of its potential acquisition of the Goro nickel and cobalt operation.

The Goro operation includes a mine, processing facility and port located on New Caledonia, a French territory.

The successful acquisition would result in New Century, which operates Queensland Century zinc site, becoming a major supplier of nickel and non-DRC sourced cobalt for the electric vehicle industry

"To date, the due diligence process has outlined a logical and technically robust solution to simplify Goro’s operation, allowing for improved production and lower costs," the. . .

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Growing with the flow

Written by dev on . Posted in All News.

New Century Resources is continuing to ramp up operations at Century Mine in the lower Gulf country.

Last week the company declared it had reached commercial production at the operation, with the Century Mine now re-established as a Top 10 zinc producer just three years since being shutdown for closure.

The restart is based on an economic rehabilitation model, with production initially coming from tailings reprocessing.

Ever wondered how they do it?

Check out the video below

https://www.youtube.com/watch?v=ReE8t195Xj0&feature=youtu.be&fbclid=IwAR1jMGz30lz0KI3gxCHfmSi66AGQp2tFKS2DMMGsRjSH49FeDhZwuscMQL4

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