Copper Mountain Mining Corporation  is pleased to announce positive results from 48 drill holes, totaling 7,936 metres, drilled on the C6, C1 and C2 targets at its Cameron Copper Project as part of ongoing exploration at the property.  The drill program encountered intercepts of high-grade mineralization, within long, low-grade mineralized envelopes, with lateral continuity between intercepts of up to 1 kilometre. …

Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the “Company” or “Copper Mountain”) is pleased to announce positive results from 48 drill holes, totaling 7,936 metres, drilled on the C6, C1 and C2 targets at its Cameron Copper Project (“Cameron”), as part of ongoing exploration at the property. The drill program encountered intercepts of high-grade mineralization, within long, low-grade mineralized envelopes, with lateral continuity between intercepts of up to 1 kilometre. The Company plans to carry out further drilling that will also include new undrilled targets with significant copper-gold anomalies in surface soil and rock samples. Cameron is situated 40 kilometres south of the Company’s Eva Copper Project (“Eva”), located in the Mount Isa region of Queensland, Australia near Cloncurry. See Appendix 1 for a regional location map. View PDF

Highlights

Please see Appendices 2 to 11 for drill hole locations and plans. Appendices 12 and 13 have a complete drill hole table and associated data. Highlights from the drill program:

C6 Target

  • Hole QMR018 returned 39 metres of 0.50% Cu and 0.13 g/t Au.
  • Hole QMR021 returned 28 metres of 0.58% Cu and 0.03 g/t Au .
  • Hole QMR022 returned 80 metres of 0.44% Cu and 0.02 g/t Au .
  • Hole QMR023 returned 91 metres of 0.25% Cu and 0.02 g/t Au .
  • Hole QMR025 returned 135 metres of 0.37% Cu and 0.03 g/t Au .
  • Hole QMR026 returned 40 metres of 0.36% Cu and 0.02 g/t Au.
  • Hole QMR027 returned 29 metres of 0.45% Cu and 0.04 g/t Au.

C1 Target

  • Hole CPR660 returned 11 metres of 1.35% Cu and 0.74 g/t Au .
  • Hole CPR661 returned 30 metres of 0.64% Cu and 0.25 g/t Au .
  • Hole CPR667 returned 25 metres of 0.73% Cu and 0.13 g/t Au .
  • Hole CPR670 returned 84 metres of 0.56% Cu and 0.97g/t Au .
  • Hole CPR671 returned 36 metres of 0.57% Cu and 0.28g/t Au .
  • Hole CPR673 returned 20 metres of 0.32% Cu and 1.13g/t Au.

C2 Target

  • Hole RED010 returned 95 metres 0.30% Cu and 0.04 g/t Au .
    • Includes: 8 metres of 0.78% Cu and 0.12 g/t Au.
    • Includes: 11 metres of 0.45% Cu and 0.05 g/t Au.
  • Hole RED011 returned 123 metres of 0.24% Cu and 0.01 g/t Au .
  • Hole RED013 returned:
    • 79 metres of 0.25% Cu and 0.01 g/t Au .
    • 51 metres of 0.41% Cu and 0.01 g/t Au .
  • Hole RED020 returned 139 metres of 0.22% Cu and 0.01 g/t Au.

“These results are very promising and validate these priority targets,” commented Gil Clausen , Copper Mountain’s President and CEO. “They indicate that there is a potential for a larger mineralized system. This was an initial exploratory drill program to test the geophysical and geochemistry work done to date. These mineralized zones show more continuity with increased drilling. The drilled zones remain open to expansion, and there are numerous targets yet to be drill tested. More drilling is required, and we plan on putting a systematic program in place to develop these targets with additional drilling this year and into 2022. The current results confirm our belief that there is potential for discovery of copper resources.”

Overview

Systematic definition of large mineralized systems at Cameron is the goal of the current exploration program. The ongoing drill program will test mineralization laterally and to depth to establish economic potential. The C6, C1 and C2 targets were the focus of the initial phase of this work plan. The drill program included 7 diamond core and 41 reverse circulation (RC) hammer holes. At C6, C1 and C2 targets, the drilling intersected both oxide and sulphide mineralization at varying depths. Mineralized zones are open, and the extent of mineralization as indicated by surface geochemistry or geophysical data have not been fully tested. The host rocks, intersected mineralization, and the element association is typical of IOCG (Iron Oxide Copper Gold) deposits. The Company is undertaking further exploration drilling at Cameron in 2021, with a more extensive resource drill program proposed for 2022.

Cameron mineralization combines disseminated, fracture-controlled and strata-bound styles similar to the Eva IOCG deposits. The drilled C6, C1 and C2 targets are part of a cluster of copper-in-soil anomalies along a broad North-South structural corridor. Eva’s Mineral Resource sits within the northern half of this same corridor. Eva has a Measured and Indicated Mineral Resource (inclusive of Mineral Reserves) of 261 million tonnes grading 0.42% copper and 0.04 g/t gold, containing an estimated 2.4 billion pounds of copper and 330,000 oz of gold (for further information please see the technical report titled “NI 43-101 Technical Report for the Eva Copper Project Feasibility Study Update, North West Queensland, Australia “, dated May 7, 2020 with an effective date of January 31, 2020 ). See Appendix 14.

C6 Target (Quamby)

At C6 (Appendix 3), copper mineralization has been drill tested by 3 diamond and 19 RC holes with broad spacing over a 1 kilometre strike length. The target area includes the historic Quamby gold mine, from which 75,600 ounces of gold were recovered from leaching operations in the 1980’s and 1990’s. The reported drilling herein tested mineralization southwest of the mine workings beneath a large copper and gold-in-soil anomaly.

The RC drilling was relatively shallow and consisted of 15 holes on sections spaced at 60 to 100 metre intervals with the objective of testing the copper-gold soil anomaly. The drilling indicates a continuous zone of copper mineralization, which is up to 145 metres wide and consists of lower-grade copper, with higher-grade zones localized in a major fold hinge. Mineralization occurs as disseminated chalcopyrite and pyrite hosted in strongly altered metasediments below the weathered zone, which is approximately 25 to 75 metres deep. Oxide mineralization in the weathered zone consists of malachite, native copper and chalcocite, similar to Eva’s ‘copper-only’ type deposits. All mineralization is open along strike and at depth.

C1 Target (Companion)

At C1 (Appendix 6), the mineralized system appears extensive, with soil anomalies defined over an area of 0.6 kilometres by 3 kilometres. The southern part of the anomaly remains undrilled. Drilling to date has only tested 1.2 kilometres of the surface strike length. Appendix 6 provides a drilling plan related to soil anomalies and illustrates the broad zone of multiple intercepts and the relationship to the much larger copper-in-soils anomaly.

The new drill results combined with those from previous campaigns, together with geology and soil geochemistry, confirm the discovery of a large, structurally controlled copper-gold system. Mineralization consisting of chalcopyrite and pyrite, is hosted in variably altered metasediments. In the weathered zone, mineralization occurs as malachite and goethite, commonly to depths of 20 metres but locally up to 75 metres. The higher grade mineralization formed within the primary structures as discrete lodes and shoots. The mineralization is open along strike and at depth.

C2 Target (Reaper)

At C2 (Appendix 9), copper mineralization has been drilled systematically within zones having lateral extents of 1.2 kilometers by 0.55 kilometers, within a more extensive 3-kilometre-long area of coincident geochemical and geophysics anomalies.

Drilling consisted of 4 diamond and 7 RC holes. Holes were drilled on 200 metre spaced sections on the larger northern zone, and 100 metre sections on the southern zone. The drilling identified multiple higher-grade tenor zones within broader lower grade mineralization envelopes, which were drilled to vertical depths of 160 metres in the southern zone and 200 metres in the northern zone. Copper mineralization varies from disseminated to fracture-fill veinlets of chalcopyrite, chalcocite, and native copper hosted in strongly altered metasediments. However, malachite and goethite form the mineralization in the near surface oxide zone. Mineralization is open along strike and at depth.

QA/QC and Core Sampling Protocols

Drillholes were logged by geologists at the rig (RC) or at the Company’s central exploration office (DD) using company standard logging procedures. DD core and RC samples are transported to the Company’s exploration office area by geological staff. RC samples were rotary split at the drill rig with a typical sub-sample sizes of 2kg. RC duplicate sub-samples were rifle split. Sample intervals are marked on DD core which is halved by diamond saw; quarter core used for duplicates. Sample length is usually 1m for RC and for diamond core. Blanks, field duplicates and certified standards are inserted into the sample stream at a 1:10 ratio. The RC chip and half core samples are sent in sealed shipping crates to an accredited commercial laboratory (ALS) where samples are dried, crushed, split, pulverized and assayed. Such laboratory is independent from Copper Mountain. The pulverized sample is analyzed by 50 g fire assay and multielement ME-ICP that includes copper, with a detection limit of 10,000 ppm. On return of gold values > 100 ppm Au and copper values >1% Cu; a second series of analyses are completed using appropriate ‘ore grade’ methods. The drill samples were collected in accordance with accepted industry standards. The results from QA/QC samples are routinely analyzed by the database manager and geologist on a batch and campaign basis. There are no known issues that would materially affect the accuracy or reliability of the analytical data from the drill program presented herein.

Competent Persons Statement
The information in this report that relates to exploration targets, exploration results, Mineral Resources or ore reserves is based on information compiled by Peter Holbek , B.Sc (Hons), M.Sc. P. Geo. Mr. Holbek is a full time employee of the Company and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Holbek consents to the inclusion in this news release of the matters based on the information in the form and context in which it appears.

Peter Holbek is a qualified person as defined by National Instrument 43-101 (“43-101”) and has reviewed and approved the technical content of this release.

About Copper Mountain Mining Corporation
Copper Mountain’s flagship asset is the 75% owned Copper Mountain Mine located in southern British Columbia near the town of Princeton . The Copper Mountain Mine currently produces approximately 100 million pounds of copper equivalent per year, with average annual production expected to increase to approximately 140 million pounds of copper equivalent. Copper Mountain also has the development-stage Eva Copper Project in Queensland, Australia and an extensive 2,100 km 2 highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol “CMMC” and Australian Stock Exchange under the symbol “C6C”.

Additional information is available on the Company’s web page at www.CuMtn.com .

On behalf of the Board of

COPPER MOUNTAIN MINING CORPORATION
“Gil Clausen”

Gil Clausen , P.Eng.
President and Chief Executive Officer

Website: www.CuMtn.com

Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements in this news release include statements concerning, among other things: the timing of the Company’s drilling program; the results of the Company’s exploration and development programs; the potential for discovery of significant resources at Cameron similar to Eva, the timing of studies, announcements, and analysis; the potential to add the expected increase in the Company’s average annual production; the Company’s intentions regarding its objectives, goals or future plans; and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, environmental, regulatory, and political matters that may influence or be influenced by future events or conditions. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include the successful exploration of the Company’s properties in Canada and Australia , the reliability of the historical data referenced in this press release and risks set out in Copper Mountain’s public documents, including in each management discussion and analysis, filed on SEDAR at www.sedar.com . Although Copper Mountain believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Copper Mountain disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This press release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission (“SEC”) set out in the SEC rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this press release may not be comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Appendix 12: Significant Drill Intercept Summary

Hole ID

From

To

Interval

Grade

Grade

(m)

(m)

(m)

Cu%

Au (ppm)

C6 Target (Quamby)

QMR018

12

51

39

0.50

0.13

inc.

16

48

32

0.56

0.16

66

73

7

0.11

0

QMR019

49

64

15

0.11

0.02

QMR020

No significant intercepts to report.

QMR021

1

33

32

0.18

0.01

38

66

28

0.58

0.03

inc.

56

66

10

1.28

0.01

QMR022

1

81

80

0.44

0.02

inc.

1

7

6

0.51

0.05

and

22

57

35

0.43

0.02

and

65

81

16

0.80

0.02

QMR023

2

93

91

0.25

0.02

inc.

50

83

33

0.36

0.04

QMR024

15

69

54

0.24

0.01

inc.

21

26

5

0.43

0

and

48

56

8

0.34

0

and

63

67

4

0.60

0

QMR025

33

168

135

0.37

0.03

inc.

34

66

32

0.42

0.04

and

71

83

12

0.38

0.05

and

88

95

7

0.59

0.02

QMR026

7

47

40

0.36

0.02

inc.

14

23

9

0.48

0.07

and

33

41

8

0.78

0

QMR027

48

77

29

0.45

0.04

inc.

51

69

18

0.65

0.06

QMR028

105

132

27

0.14

0.06

QMR029

7

13

6

0.17

0.01

38

60

22

0.30

0.04

inc.

50

59

9

0.48

0.03

66

75

9

0.19

0

QMR030

38

65

27

0.23

0.06

inc.

55

65

10

0.37

0.06

QMR031

72

88

16

0.19

0.04

QMR032

0

55

55

0.22

0.02

C1 Target (Companion)

CPD656

67

72

5

0.07

0.04

CPD657

181

189

8

0.58

0.01

CPR658

46

65

19

0.21

0.09

74

99

25

0.45

0.17

inc.

85

98

13

0.63

0.25

CPR659

No significant intercepts to report.

CPR660

3

8

5

0.12

0.03

52

63

11

1.35

0.74

CPR661

12

42

30

0.64

0.25

inc.

23

41

18

0.98

0.38

103

121

18

0.70

0.16

inc.

103

112

9

0.78

0.17

CPR662

No significant intercepts to report.

CPR663

24

33

9

0.41

0.01

CPR664

0

26

26

0.19

0.07

inc.

18

23

5

0.47

0.17

CPR665

7

13

6

0.39

0.40

32

46

14

0.71

0.57

CPR666

18

25

7

0.71

0.72

CPR667

1

26

25

0.73

0.13

inc.

1

16

15

1.15

0.18

40

47

7

0.20

0.12

CPR668

55

73

18

0.34

0.36

CPR669

84

100

16

0.22

0.06

CPR670

0

84

84

0.56

0.97

90

95

5

0.50

0.97

CPR671

19

55

36

0.57

0.28

inc.

22

53

31

0.64

0.31

CPR672

23

29

6

0.09

0.06

34

38

4

0.50

1.85

58

70

12

0.30

0.11

inc.

58

67

9

0.35

0.09

CPR673

15

35

20

0.32

1.13

inc.

28

32

4

1.13

5.39

CPR674

35

40

5

0.19

0.05

82

91

9

0.58

0.3

CPR675

4

15

11

0.39

0.26

inc.

6

13

7

0.51

0.35

CPR676

85

94

9

0.84

0.31

C2 Target (Reaper)

RED010

4.1

17

12.9

0.12

0.01

29

124

95

0.30

0.04

inc.

37

45

8

0.78

0.12

inc.

71

82

11

0.45

0.05

inc.

89

94

5

0.43

0.04

RED011

72

195

123

0.24

0.01

inc.

155

161

6

0.43

0

and

178

182

4

0.50

0

and

188

194.4

6.4

0.77

0

RED012

59

96.8

37.8

0.32

0

inc.

72

83

11

0.58

0.01

103.9

123

19.1

0.21

0.01

129

172.6

43.6

0.23

0

RED013

4.5

46

41.5

0.28

0.01

inc.

4.5

14

9.5

0.58

0.01

68

82.7

14.7

0.13

0

89.9

168.7

78.8

0.25

0.01

inc.

155

163

8

0.72

0.01

170

221.4

51.4

0.41

0.01

inc.

172

180

8

0.48

0.01

and

185

205

20

0.56

0.01

RER014

0

65

65

0.15

0.01

101

171

70

0.19

0.01

RER015

10

68

58

0.25

0.02

inc.

14

22

8

0.53

0.04

85

123

38

0.42

0.01

inc.

86

94

8

1.30

0.03

RER016

0

89

89

0.16

0.03

inc.

40

44

4

0.65

0.11

102

119

17

0.41

0.04

inc.

104

110

6

0.75

0.06

RER017

10

67

67

0.23

0.03

inc.

14

25

11

0.54

0.07

RER018

120

128

8

0.51

0.02

156

170

14

0.12

0.01

RER019

15

33

18

0.13

0.02

52

75

23

0.15

0.01

RER020

0

97

97

0.16

0.01

132

271

139

0.22

0.01

inc.

148

154

6

0.53

0.01

inc.

230

239

9

0.55

0.01

*Intercepts calculated at 4 m minimum interval, and maximum 4 m internal dilution with a cut-off grade of 0.10% Cu (0.3% Cu inclusive).

Appendix 13: Drill Hole Location Details

Hole ID

Easting

Northing

Elevation

Azimuth

Dip

Maximum
Depth

(m)

(m)

(m)

( o )

( o )

(m)

C6 Prospect (Quamby)

RC

QMR018

413931

7745721

215

358

-61

90

QMR019

414017

7745724

215

359

-61

120

QMR020

414079

7745741

216

358

-61

120

QMR021

414146

7745805

217

309

-60

120

QMR022

414168

7745841

217

270

-60

168

QMR023

414165

7745900

219

269

-60

114

QMR024

414152

7745979

220

252

-60

102

QMR025

414268

7745901

219

269

-59

186

QMR026

414101

7746075

222

251

-59

96

QMR027

414084

7746181

224

252

-59

108

QMR028

414052

7746266

224

220

-61

132

QMR029

413949

7746305

224

222

-60

96

QMR030

413897

7746361

221

221

-61

96

QMR031

413856

7746449

222

220

-59

96

QMR032

414084

7745833

216

170

-61

96

C1 Prospect (Companion)

Diamond

CPD655

413604

7740706

208

93

-65

101.5

CPD656

413550

7740600

212

90

-42

197

CPD657

413774

7740591

207

91

-43

211.9

RC

CPR658

413371

7740596

212

89

-61

108

CPR659

413607

7740808

208

90

-60

78

CPR660

413588

7740848

208

89

-61

78

CPR661

413878

7740953

210

90

-57

132

CPR662

413950

7741025

208

270

-60

102

CPR663

413831

7741104

213

90

-60

102

CPR664

413854

7741105

212

89

-60

54

CPR665

413878

7741170

211

93

-61

84

CPR666

413853

7741171

212

90

-60

102

CPR667

413949

7741241

208

272

-60

78

CPR668

413999

7741184

207

273

-60

102

CPR669

414019

7741200

208

272

-61

138

CPR670

413992

7741241

208

276

-60

114

CPR671

413649

7741164

214

93

-60

78

CPR672

413648

7741248

215

96

-60

96

CPR673

413822

7741416

211

273

-60

78

CPR674

413564

7740849

209

90

-61

102

CPR675

413578

7740803

207

89

-59

78

CPR676

413554

7740800

209

90

-61

102

C2 Prospect (Reaper)

Diamond

RED010

413939

7732161

273

127

-60

155.5

RED011

413784

7733375

245

90

-60

242.3

RED012

413784

7733376

245

87

-45

211.8

RED013

413722

7733771

268

88

-61

221.8

RC

RER014

413885

7732108

269

136

-71

174

RER015

413887

7732107

269

137

-55

150

RER016

413809

7731997

247

139

-70

150

RER017

413811

7731995

247

136

-55

150

RER018

413847

7733174

245

111

-60

204

RER019

413754

7733968

263

95

-60

180

RER020

413708

7733609

252

88

-60

300

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SOURCE Copper Mountain Mining Corporation

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Perth, Australia – Hastings Technology Metals Ltd is pleased to advise that it has today published its 2021 Sustainability Report. Hastings acknowledge the detrimental effects of climate change to society and are committed to doing our part in reducing greenhouse gas missions. Our maiden Sustainability Report marks the genesis of our sustainability road map as we progress from construction into production. It sets …

Perth, Australia (ABN Newswire) – Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to advise that it has today published its 2021 Sustainability Report.

Hastings acknowledge the detrimental effects of climate change to society and are committed to doing our part in reducing greenhouse gas missions.

Our maiden Sustainability Report marks the genesis of our sustainability road map as we progress from construction into production. It sets out our recognition of the role we play in society and the environment in which we live and work. It delineates our contribution towards the climate change agenda via our mixed rare earths carbonate product and the way in which we will operate.

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Gold isn't all that glitters in the land down under — silver in Australia is a major industry, and the country is home to both large and small players.

When it comes to precious metals, Australia has long punched above its weight — the nation was born riding the wave of a gold rush.

Gold isn't all that glitters through — Australia is also a major global producer of silver. It's among the 10 top producers, and was ranked seventh in 2020, with 1,300 tonnes coming from the many operational mines in the country. By comparison, the world's top producer, Mexico, produced 6,300 tonnes that same year.

Other key players in the silver market are Peru, China and Russia, which produce more silver than Australia, and the US, Argentina and Bolivia, which produce less.


Australia is sitting on quite a lot of the precious metal, with the world's second largest reserves, behind only Peru.

According to Geoscience Australia, one of the country's first mines was a silver-lead mine near Adelaide. Since then, the entire continent has been combed over with a fine-toothed comb, with deposits identified in every state and territory and active mines in every jurisdiction but one (Victoria).

Overall, Australia is well explored when it comes to silver, and since the mid-1800s it's had a constant stream of silver production. Aside from that, the country boasts metals-processing facilities in South Australia that separate the precious metal from its commonly mined counterpart metals, lead and zinc.

Silver companies in Australia

Those looking at the Australian silver market have options. There are plenty of big players with interests in Australian silver, and many smaller players for investors to consider researching too.

Most silver comes from mines dedicated to other metals — Glencore's (LSE:GLEN,OTC Pink:GLCNF) Mount Isa in Queensland produces mainly copper, zinc and lead, but silver is separated by the company's integrated processing streams. Glencore also operates the McArthur mine in the Northern Territory, which is primarily zinc, but between its copper and zinc assets, Glencore produced 7,404,000 ounces of silver in Australia in 2020 — over 200 tonnes.

Elsewhere, BHP (ASX:BHP,NYSE:BHP,LSE:BLT) produces a lot of silver as well at the Olympic Dam operation in South Australia. Perhaps best known for the production of uranium and copper, it also yields significant silver resources to the tune of 984,000 ounces in 2020 (or almost 28 tonnes).

According to Geoscience Australia data from 2016, over 20 mines in Australia produced silver in that year, while there are dozens of other resources identified in each state.

A primary producer of silver is the Cannington mine in Queensland, where South32 (ASX:S32,OTC Pink:SHTLF), a company that was spun off from BHP in 2015, mines silver and lead. Cannington is a big one, producing 11,792,000 ounces in 2020, or 334 tonnes of silver.

Tasmania boasts the Rosebery mine, which has seen 85 years of continuous operations and is currently owned by MMG (ASX:MMG,HKEX:1208). Rosebery, like all the others here, is polymetallic, and besides silver also produces copper, zinc, lead and gold. MMG also has the Dugald River mine in Queensland which also produced silver.

Getting into smaller companies, there are those like New Century Resources (ASX:NCZ) which restarted the Century mine in the Northern Territory for zinc and silver.

The future of silver in Australia

So, you get the picture — there's a lot of silver to be mined in Australia by way of mining everything else.

It's worth noting that because silver operates both as a precious and an industrial metal, and is mined most often alongside base metals, it can be pulled in many directions. However, it traditionally follows (and lags behind) its precious metal sibling, gold, making it a valuable investment commodity to keep an eye on.

Looking forward, the future of the commodity in the land down under — especially given Australia's significant reserves and operator diversity — is as bright as you'd like it, and depends on what investors are most interested in, given the by-product nature of the metal.

Don't forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

Australia took a stand against Facebook and Google earlier this year, and the move could have long-term implications for tech investors.

It was a ban that sent Australians wild and had the whole world watching.

Back in February, Facebook (NASDAQ:FB) stopped users in Australia from posting news in a week-long blackout, reacting to proposed legislation that would have forced the social media behemoth to pay publishers for content.

What prompted Facebook to "friend" Australia again, and what are the potential long-term implications of the squabble? Read on to learn what tech-focused investors in Australia should know about the situation.


Australia squares off against Facebook

On February 25 of this year, Australia's federal government passed the News Media and Digital Platforms Mandatory Bargaining Code. It was developed after extensive analysis by the Australian Competition and Consumer Commission, and is aimed at ensuring that news media businesses are fairly remunerated for their content.

It stipulates that digital platforms such as Facebook and Google (both named in the documentation) must pay news outlets whose content they feature — for example, if content is shared on Facebook or shows up in Google search results. The idea is that this will help to sustain journalism in Australia.

Unsurprisingly, Facebook and Google didn't react well to the code, which was first introduced in 2020.

Google didn't make any moves after it passed, but Facebook quickly made it impossible for Australian users to share news content, and pages for both local and international news organisations went blank — a major concern given the COVID-19 and wildfire concerns that were circulating at the time.

Australian Prime Minister Scott Morrison was scathing about Facebook's decision — which he ironically shared in a Facebook post — declaring the tech giant's actions "as arrogant as they were disappointing." He added, "These actions will only confirm the concerns that an increasing number of countries are expressing about the behaviour of BigTech companies who think they are bigger than governments and that the rules should not apply to them."

Despite strong feelings from both Australia and Facebook, the dispute was resolved fairly quickly, with the country agreeing to make four amendments to the legislation and Facebook restoring Australian's access to news.

Implications for Big Tech and news organisations

Both Australia and Facebook have claimed victory in the dispute, with a Facebook representative saying the company will be able to decide if news appears on the platform — meaning it won't automatically have to negotiate with any news businesses. Changes were also made to the arbitration process.

Tech experts have pointed out that larger news companies may ultimately benefit from the changes, but smaller ones could be pushed to the side. Major publishers that have struck agreements with tech giants, such as News Corp, Nine Entertainment (ASX:NEC,OTC Pink:NNMTF), Seven West Media (ASX:SWM) and Guardian Australia, may be able to increase their market share while smaller independent players lose out.

A business that is in full support of the laws is Microsoft (NASDAQ:MSFT). During the conflict, President Brad Smith came out loudly in favour of Australia's law, and advised that his company is willing to step up with search engine Bing should Google and/or Facebook pull out of the Australian market.

"In Australia, Prime Minister Scott Morrison has pushed forward with legislation two years in the making to redress the competitive imbalance between the tech sector and an independent press. The ideas are straightforward. Dominant tech properties like Facebook and Google will need to invest in transparency, including by explaining how they display news content," he said in a blog post.

"The United States should not object to a creative Australian proposal that strengthens democracy by requiring tech companies to support a free press. It should copy it instead."

Global reach and tech investor impact

Six months down the road from Australia's landmark legislation, it's tough to say what the long-term impact may be.

That said, market watchers do believe the country is part of a new precedent of forcing Big Tech into paying for journalism — something giants Facebook and Google are not used to.

Countries looking to pursue similar legislation include Canada, where Facebook agreed in May to pay 14 publishers to link to their articles on its COVID-19 and climate science pages, as well as other unspecified use cases. Canada is pursuing other avenues too. Meanwhile, in France, Google said it will pay publishers for news content after the country took up new EU copyright laws that make digital platforms liable for infringements.

For investors, the takeaway is perhaps that while companies like Facebook and Google may seem too big too fail, they too can fall subject to new regulations that can change how they do business. As nations around the world look to take back control from these mega companies, it's important to be aware of possible effects on their bottom lines.

Don't forget to follow @INN_Australia for real-time updates!

Securities Disclosure: I, Ronelle Richards, hold no direct investment interest in any company mentioned in this article.

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