The company said that the scoping study demonstrates a technically and financially viable project based on assumptions adopted for the purpose of the study.

Myanmar Metals (ASX:MYL) has reported that it has completed a scoping study based on the indicated and inferred resources from the China Lode of the Bawdwin lead-zinc project in Myanmar.

According to the release, the China Pit scoping study has been prepared by CSA Global with input from the company and reputable industry consultants. The scoping study demonstrates a technically and financially viable project based on assumptions adopted for the purpose of this study.

As highlighted in the press release:

  • Scoping study for the first open pit at Bawdwin has been completed, targeting the indicated mineral resources of the China lode
  • The China Pit is a 13 year ‘starter pit’ for the Bawdwin project that funds life-of-mine infrastructure while consuming only 26 percent of the current indicated and inferred mineral resources
  • Pits on the Shan and Meingtha lodes, and an underground mine targeting Shan, Meingtha and China lodes, are anticipated to follow the China Pit but have not been considered in the scoping study
  • The scoping study indicates the potential to develop a low cost open pit mining operation in an accelerated time frame, with rapid payback of the life-of-mine infrastructure for future open-pit and underground mining operations.

Click here to read the full Myanmar Metals (ASX:MYL) press release.

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WHAT'S IN STORE FOR THE RESOURCE SECTOR IN 2022?

The Investing News Network (INN) spoke with analysts, market watchers and insiders about which trends will impact this sector in the year ahead.
✓ Trends   ✓ Forecasts    ✓ Top Stocks



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an open-pit mine

As more emerging exploration companies and investors catch wind of this impressive mining jurisdiction, the Edmund Basin could become a hot spot for high-quality mineralization and commodities like precious and base metals.

Australia is often known for sunny skies and big waves across its golden coast. However, the country has always been an understated gem in mining for some of the world’s most sought-after commodities.

Silver, gold and other high-demand base metals can be found across the continent, with high concentrations in the country’s Western regions.

One of these emerging prospects is the Edmund Basin in Western Australia. Underexplored and situated in a highly attractive jurisdiction for mining, the basin presents a potential for base and precious metal mineralization and widespread discoveries for early-movers who take advantage of Australia’s next big mining exploration site.


The mining history of the Edmund Basin

Australia stands as the world’s largest producer of lithium and a global producer of gold, iron ore, lead, zinc and nickel. According to the International Trade Administration, one-third of its mines are located in Western Australia, with over 350 currently in operation country-wide. As an up-and-coming mining jurisdiction, the Edmund Basin leverages high-quality mineralization and economic potential that has been demonstrated by many other geographical prospects surrounding the landform.

In the 1960s and 1970s, basement rocks of Western Australia's Gascoyne region and the overlying sedimentary rocks of the Edmund Basin and neighbouring Collier Basin were first systematically mapped by the Geological Survey of Western Australia. This program produced 1:250,000 scale maps, explanatory notes and a number of early reports outlining the protracted tectonic history of this part of the Orogen.

Other significant mappings and exploration campaigns have outlined the basin’s half-graben architecture, which was formed by the normal reactivation of older basement faults and sutures during the latter part of the Mangaroon Orogeny. According to the most recent profiling programs, the Edmund Basin and the Collier Basin have geological structures and rock formation styles that have been divided into six informal depositional packages, each defined by basal unconformities or major marine flooding surfaces.

Despite extensive mapping and geological surveying, the Edmund Basin remains underexplored and ready for discovery.

Mineral resources and major players in the Edmund Basin

The Edmund Basin contains a wide range of mineral occurrences — including supergene manganese, lead, gold and phosphate — many of which have been associated with major crustal-scale faults.

One of the most notable prospects in the region is Western Australia's largest strata-bound lead-gold-copper-silver deposit, the Abra base metals project. Owned by the major Australian mining player Galena Mining (ASX:G1A), the company’s flagship project is located in the Gascoyne region of the country. Leveraging the low-risk, Tier 1 jurisdiction status of the area, the celebrated Abra base metals project presents promising discovery potential.

Current reports estimate that Abra carries JORC mineral resource estimates of 16.7 million tonnes (Mt) at 8.5 percent lead and 24 grams per tonne (g/t) silver in the Indicated category and Inferred estimates at 24.4 Mt at 6.5 percent lead and 14 g/t silver.

Another player taking advantage of the Edmund Basin’s underexplored history and potential mineral resources is Todd River Resources (ASX:TRT). The Australia-based resource company’s Pingandy base metal project covers 895 square kilometres within the Edmund Basin. The company has received one licence and applied for three more. As an emerging mining company, Todd River is focused on outcropping, sub-cropping and continued exploration efforts to uncover the full extent of what the Edmund Basin has to offer.

Changing tides for Edmund Basin exploration

The uniquely varied geological and structural make-up of Edmund and the adjacent Collier Basin has posed some challenges in discovery and exploration in the past. Reactivated basement structures, basin inversion by reverse transpression and deformations all point to interesting mineralized profiles, but without the tools to explore these characteristics more extensively, the packages of the Edmund Basin remain relevantly untouched.

Luckily, advancements in mining technology, surveying and mapping have led to significant strides in discovery, development and exploration capabilities. Research and technology companies like the Australian Centre for Field Robotics have introduced advanced gradiometer technology, robotics, 3D imaging and automated drilling, which can be used to get to the core of underexplored mining prospects like the Edmund Basin. With mining companies and technology giants collaborating, the sky’s the limit for highly prospective regions like Western Australia and assets like the Abra base metals project.

As more emerging exploration companies and investors catch wind of this impressive mining jurisdiction, Edmund Basin could become a hot spot for high-quality mineralization and commodities like precious and base metals. Investors should look to first-movers like Galena Mining, which is already making strides to advance its positioning in Western Australia with its secondary Jillawarra manganese and gold properties, to see why Edmund Basin presents exploration opportunities unique to the Gold Coast.

Takeaway

The Edmund Basin in Western Australia sits amongst some of the world’s most abundant base and precious metal prospects and operating mines but remains underexplored. First-movers like Galena Mining and Todd River Resources demonstrate the early-mover advantage in exploring such a highly prospective region. With advancements in mining technology and good mapping and geological research already established in the area, investors and exploration companies could see very positive mining and exploration opportunities across the Edmund Basin.

This INNspired article is sponsored by Galena Mining (ASX:G1A). This INNspired article provides information that was sourced by the Investing News Network (INN) and approved by Galena Mining in order to help investors learn more about the company. Galena Mining is a client of INN. The company’s campaign fees pay for INN to create and update this INNspired article.

This INNspired article was written according to INN editorial standards to educate investors.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Galena Mining and seek advice from a qualified investment advisor.

G1A:AU

Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local businesses and representatives from local government to celebrate the official opening of its new community ‘Hub’ in Karratha. Located on Ngarluma country in the heart of Karratha’s CBD, the new Rio Tinto Karratha Hub will make it easier for local …

Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local businesses and representatives from local government to celebrate the official opening of its new community ‘Hub’ in Karratha.

Located on Ngarluma country in the heart of Karratha’s CBD, the new Rio Tinto Karratha Hub will make it easier for local people to connect with our busines.

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Galena Mining CEO Alexander Molyneux is confident that the company has more than one reason to welcome investors to the next phase of the program. 


After successfully completing the fully funded 2020 Abra drilling program, Galena Mining (ASX:G1A) CEO and Managing Director Alexander Molyneux is confident that the company has more than one reason to welcome investors to the next phase of the program.

“The program was successful in terms of infill drilling,” Molyneux said. “We can say that 75 percent of the 57 holes either met or exceeded expectations compared to the previous resource model. I think that’s pretty positive. In terms of targeting metal-rich zones, we had two zones where we found extremely good cumulative grade and thickness of lead-silver.”

The Abra base metals project is a globally significant lead-silver project located in the Gascoyne region of Western Australia. It is fully permitted and construction work has already begun.

“We are 15 months away from the first production. Once we’re producing at a steady state, we have a projection to make AU$114 million a year,” Molyneux said. “And when a company has already eliminated the funding risks, it’s an exciting time for investors to join the story.”

Watch the full interview with Galena Mining CEO and Managing Director Alexander Molyneux above.


This interview is sponsored by Galena Mining (ASX:G1A). This interview provides information which was sourced by the Investing News Network (INN) and approved by Galena Mining in order to help investors learn more about the company. Galena Mining is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Galena Mining and seek advice from a qualified investment advisor.

Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions. Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave technology to convert iron ore to metallic …

Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions.

Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave technology to convert iron ore to metallic iron during the steelmaking process. The patent-pending process, one of a number of avenues the company is pursuing to try to lower emissions in the steel value chain, is now being further tested in a small-scale pilot plant.

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Galena Mining Ltd. (ASX: G1A) announces achievement of the key objectives from the 2020 Abra Drilling Program and has subsequently completed an updated JORC Code 2012 Mineral Resource estimate for the Abra Base Metals Project located in the Gascoyne region of Western Australia.

Galena Mining Ltd. (“Galena” or the “Company”) (ASX:G1A) announces achievement of the key objectives from the 2020 Abra Drilling Program and has subsequently completed an updated JORC Code 2012 Mineral Resource estimate (“April 2021 Resource”) for the Abra Base Metals Project (“Abra” or the “Project”) located in the Gascoyne region of Western Australia. The April 2021 Resource has been independently prepared by Optiro Pty Ltd (“Optiro”).

Managing Director, Alex Molyneux commented, “The objectives associated with the 2020 Abra Drilling Program were successfully completed. The Project now has over 100 kilometres of drilling in its database, and the geological confidence and understanding of the deposit continues to improve. Almost all of the new holes were drilled within the previous Mineral Resource envelope and over 75% of those holes achieved expected or better results. This Mineral Resource update will now feed into an optimised mine plan, and mine development will allow for underground drilling to continue Resource development, particularly the conversion of significant Inferred Mineral Resources associated with the Core Zone
mineralisation, which remains open in several directions and also hosts the interpreted copper-gold zone.”


Table 1 (below) states the Abra April 2021 Resource at a 5.0% lead cut-off grade.

2020 ABRA DRILLING PROGRAM AND OBJECTIVES

The completed 2020 Abra Drilling program included 57 drill-holes totalling 24,834 cumulative linear meters and was designed to achieve three specific objectives. These objectives were mainly focussed on the original Mineral Resource estimate and potential grade and continuity risk
of certain areas within that estimate, and they were:

(i) Lead-silver orebody infill drilling – Some infill drilling that had previously been planned to take place from underground once the decline was in place was pulled forward into the 2020 Abra Drilling Program. This aimed to further tighten the drill-hole spacing over the first four years of proposed production to 20 by 20 metres and up to 30 by 30 metres or better, compared with a more variable drilling density of up to 40 by 40 metres and up to 60 by 60 metres in that area previously.

(ii) Drilling into selected lead-silver ‘metal rich’ zones – Some drill-holes successfully targeted selected areas within the Abra lead-silver mineralisation where higher concentrations of metal (in both grade and thickness) were projected from previous drilling campaigns, in particular drill-hole AB147, which became the best high-grade lead-silver drill-hole ever at Abra, and the follow-up drill-holes that were added to the program in its vicinity (see Galena ASX announcements of 19 October 2020, 18 November 2020, 22 January 2021 and 24 February 2021).

(iii) Gold-copper exploration – Some of the drilling, in particular drill-hole AB195 (see Galena ASX announcement of 22 February 2021) successfully targeted the newly interpreted gold and copper drilling targets to the south and south east of the leadsilver mineralisation and at depth (see Galena ASX announcement of 29 June 2020).

The first two of these objectives enable the Company to optimise mine planning, which is now underway.

MINERAL RESOURCES

Geological model

Abra is located in the Gascoyne region of Western Australia within clastic and carbonate sediments of the Proterozoic Edmund Group. Abra is a base metals replacement-style deposit, where the primary economic metal is lead. Silver, copper, zinc and gold are also present within
the established lead mineralised zones but are of lower tenor.

Abra can be divided into two main parts, the upper “Apron Zone” and lower “Core Zone”.

The Apron Zone comprises stratiform massive and disseminated lead sulphide (galena), with minor copper sulphide (chalcopyrite) and zinc sulphide (sphalerite) mineralisation within the lower conglomerate unit (KCLC) of the Edmund Basin Kiangi Creek Formation and the Upper
Carbonate Unit (UID) of the Irregully Formation. The Apron Zone is characterised by flat-lying alteration zones containing jaspilite (Red Zone), barite (Barite Zone), silica-sericite (Micrite Zone), siderite and dolomite (Carbonate Zone), and haematite and magnetite (Black Zone). Distinct stratiform alteration domains can be defined within the Apron Zone and have assisted in the definition of the distribution of the lead mineralisation and construction of the lead mineralisation lodes. The Apron Zone extends for over 1,200 metres along strike and 750 metres down dip, dipping gently south.

For the full news release, click here.

Learn more about Galena Mining

G1A:AU

Work at the company’s Cancet project is building toward a maiden resource in Q1 2023, said Managing Director Chris Evans.


Although prices have cooled off from the highs seen earlier this year, the lithium market remains in focus and investors are interested in how to get exposure to the green energy transition.

Chris Evans, managing director at Winsome Resources (ASX:WR1), said Australian investors in particular are aware of the lithium opportunity, and reacted well to the company’s ASX listing this past November.

The company initially came to market with three lithium assets in the James Bay region of Quebec, and has since acquired two additional lithium projects in the province.


Speaking to the Investing News Network, Evans explained that Cancet is the company’s main focus. Recent assay results released during the Prospectors & Developers Association of Canada (PDAC) convention build on previous drilling at the property, and have increased the known pegmatite strike length to 1,200 meters from 600 meters.

Looking forward, Evans said that two geological teams are now on the ground at Cancet, and are investigating targets identified through geophysical surveys to figure out which of them require drilling.

Known pegmatites that have already been drilled are also being stripped and cleared so that the company can complete field mapping and decide where to drill next.

“Really all that’s working towards a maiden resource in the first quarter of 2023,” said Evans.

In terms of the overall lithium market, he said a recent Goldman Sachs (NYSE:GS) report saying the battery metals bull market is “over for now” put a damper on sentiment, but is generally not thought to be a major concern.

“I think that probably initiated a bit of a correction in the market, which may have been needed because lithium prices and stocks were at all-time highs,” he said. “But in terms of an oversupply like Goldman Sachs is predicting, I haven’t heard anyone agree with that since I’ve been here at PDAC.”

Watch the interview above for more from Evans on Winsome Resources and its plans for the next six months. You can also click here for our recap of PDAC, and here for our full PDAC playlist on YouTube.

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

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

Editorial Disclosure: Winsome Resources is a client of the Investing News Network. This article is not paid-for content.

The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

person using credit card to pay for something on their phone

Revenue from Australia's mobile sector is expected to grow from AU$9.6 billion in 2021 to AU$11.2 billion in 2026. Here's what to know about this industry.

After lagging behind for a prolonged period, Australia's tech sector is ramping up at an accelerated pace. The tech sector is now equivalent to 8.5 percent of the country's GDP as of the end of 2021, an increase of 26 percent since the onset of COVID-19 through June 2021 and a massive 79 percent increase over the past five years. Tech contributes AU$167 billion to the Australian economy, trailing only the mining (AU$205 billion) and financial/insurance (AU$169 billion) sectors.

Australia's characteristically resilient economy — which had not experienced a recession in nearly 30 years prior to COVID-19 lockdowns — has provided a sturdy backdrop for its growing tech sector. The growth in the tech sector’s contribution to the GDP has outpaced average growth of other industries by more than 400 percent, a gain partly attributable to accelerated digital technology adoption during the pandemic.

This dramatic expansion is largely in response to Australia's need to catch up to the rest of the world and assert itself in the global tech marketplace. Should the tech sector continue to grow at its current rate it will eventually surpass the relative GDP contribution of the long dominant mining sector. This will also complete the process of bringing Australia more in line with other western economies such as the UK, and notably Canada, which is comparable to Australia in terms of its dominant mining and agricultural industries.


In terms of digital innovation earnings as a percentage of GDP, for example. Australia stands at 7.4 percent, significantly behind the 11.2 percent average for companies that are part of the Organisation for Economic Cooperation and Development (OECD). According to its September 2021 Policy Primer report, the Australian Academy of Sciences called for the federal government to place greater emphasis on supporting emerging digital technologies.

"Australia risks falling behind as a technologically-driven nation unless we recognise emerging digital technologies as a central, independent sector in its own right, warranting investment in the core aspects of research, innovation, and workforce development," the report stated.

Understanding Australia's mobile tech landscape

One of the drivers of Australia's tech sector expansion is its booming mobile telephone industry. This expansion has taken many forms ranging from expanded use of mobile telephony, adoption of blockchain technology for supply chain management and the rise of the cryptocurrency market. The application of mobile tech to the banking industry is just one space where mobile usage has become key and is expected to continue developing. According to research firm KPMG, digital platforms will become the preferred and dominant business model form.

Chase Bank completed a survey revealing that the COVID-19 pandemic has accelerated the adoption of mobile banking technology. Banking apps allow users to deposit cheques, pay bills and perform transfers from their mobile device.

One critical side effect of COVID-19 has been the way lockdowns and related restrictions on behaviour has changed the way people live and work. Remote working conditions and enforced isolation has triggered increased demand for improved connectivity and internet speeds to facilitate this transition in corporate culture during the pandemic.

As a result, Australia's leading mobile telephony giants have been obliged to improve data capacity and speed, especially in regional areas that have badly lagged behind urban coverage. Some people have relocated to regional areas — where connectivity remains a challenge — and others are requiring more data capacity and fast speeds to allow them to work more efficiently from home.

The Australian mobile sector is dominated by three main players: Telstra (ASX:TLS), Optus — a subsidiary of Singapore-based Singtel (SGX:Z74) — and TPG Telecom (ASX:TPG). Telstra is the largest provider of mobile services with 48.7 percent market share followed by Optus at 26.3 percent.

In 2022, there have already been several major new developments in the Australian mobile sector. One such event has been the tentative network sharing agreement announced in February between Telstra and TPG Telecom, which brings an end to the bitter rivalry between the two competitors. The agreement provides a comprehensive framework for the two telecom giants to share mobile telecommunication infrastructure across Australia.

TPG and Telstra will both enjoy significant savings and benefits from this arrangement. Telstra will reap up to AU$1.8 billion in added revenues while gaining access to TPG's spectrum that expands Telstra's fixed wireless services in regional areas. Correspondingly, TPG gains access to 3,700 Telstra towers in regional areas; this means TPG does not have to spend significant money to duplicate the infrastructure for its own use.

In addition, Telstra announced earlier in the year that it will spend up to AU$1.6 billion on new infrastructure intended to improve connectivity and internet speeds as part of its response to the overall need to accommodate rising consumer demand in the wake of the pandemic.

What's the outlook for mobile tech in Australia?

One of the positive side effects of the pandemic has been the increasing adoption of wireless services by Australians and the ownership of internet-of-things devices that are prevalent in nearly all households.

According to GlobalData, a data and analytics company, mobile sector revenue in Australia is expected to grow from AU$9.6 billion in 2021 to AU$11.2 billion in 2026 at a compound annual growth rate of 3 percent. This revenue growth will mainly accrue from growth in the mobile data subsector.

Meanwhile, the three leading telephone companies will not only be expanding their 4G services but rolling out 5G networks across the country. 5G allows for improved and additional smartphone services and also enhances fixed wireless services that are competitive with higher speed National Broadband Network (NBN) connections.

In addition, low earth orbit satellite services are beginning to roll out in Australia led by Elon Musk's SpaceX's Starlink service that offers broadband connections delivered via its satellite network.

Overfall, the winding down of restrictions due to COVID-19 will likely see the big three companies enjoy higher revenues in 2022 after declines in earnings owing to the pandemic. Telstra, Optus and TPG Telecom all experienced significant earnings drops between 2020 and 2021 due to reduced international roaming fees, softening demand for headsets and ongoing adoption of NBN services.

But the outlook for 2022 is positive given overall improved economic prospects as Australia emerges from the pandemic, which actually increased overall consumer use of communication services in 2021.

Lockdowns resulted in increased consumer uptake of online services such as online shopping, data-intensive video streaming and the additional household usage of communication services. Indeed, in 2021, data traffic reached record highs as Australian consumers demanded improved internet speeds and unlimited data plans. Remote work will likely continue to remain elevated in 2022 and beyond, which should reinforce increased consumption of home communications services.

Telstar and TPG Telecom in particular are embarking on long term strategies that will drive future earnings growth via accelerating 5G adoption, expansion in dark fibre, and increased adoption of new services such as edge/cloud computing.

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

Securities Disclosure: I, Harold Von Kursk, hold no direct investment interest in any company mentioned in this article.

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