Canada approves Marathon palladium mine environmental plan
Located 10 km from Marathon, Ontario, the mine is slated to produce 245,000 ounces of palladium annually over an estimated 13-year mine life.
Located 10 km from Marathon, Ontario, the mine is slated to produce 245,000 ounces of palladium annually over an estimated 13-year mine life.
The mine was forced to reduce output due to a “limited release of salt-laden liquid” after heavy rains in August.
The company has completed 84,495 metres of diamond drilling across 122 drill holes since the program began in September 2020.
The investment will be used to construct two 100MW solar power facilities and a 200MWh on-grid battery storage in Pilbara by 2026.
Drill hole JT22-152 returned 120.5 metres at 18.76 g/t gold, 0.55% copper, 3.86% zinc, 0.93% lead and 6 g/t silver (for 22.1 g/t AuEq).
The acquired portfolio includes one producing gold royalty on First Majestic’s La Encantada gold operation, four development silver royalties and three advanced exploration silver royalties.
The fund’s objective is to spur innovation for a better Canada by providing funding for large projects and national innovation ecosystems.
Ghana last week ordered mining companies to sell 20% of the metal they refine to the central bank.
A recent discovery by Jetti Resources could unlock millions of tonnes of new copper to feed power grids, building sites and car fleets.
The Pinguino sale marks another stage in the long-running silver, gold, zinc, lead and indium project in south-central Argentina.