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Auric Mining secures 68,500-ounce gold resource at Iron Maiden project in Western Australia

Auric Mining acquires Iron Maiden gold project near Norseman with 68,500-ounce resource for Burbanks mill.

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Auric Mining finalized an agreement to acquire the Iron Maiden gold project located near Norseman in Western Australia. The transaction incorporates a historical resource containing 68,500 ounces of gold intended to supply the company's Burbanks mill. This acquisition expands the operator's asset base with potential future feed for its existing processing facility.

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Auric Mining secures 68,500-ounce gold resource at Iron Maiden project in Western Australia

Auric Mining has finalized a deal to acquire the Iron Maiden gold project near Norseman in Western Australia, significantly bolstering its portfolio. The acquisition adds a historical resource of 68,500 ounces of gold to the project, providing a substantial base for future production. This resource could serve as potential future feed for Auric's existing Burbanks mill, enhancing operational efficiency. The deal strengthens Auric's position in the region and aligns with its strategy to expand gold production capabilities. The integration of Iron Maiden is expected to contribute to the company's long-term growth plans.

SmhTheageWikipedia: Iron MaidenWikipedia: Mining

Australian Vanadium secures $15 million funding for Western Australia facility

Australian Vanadium (ASX: AVL) announced it will utilize up to $15 million in Western Australian government funding to progress its first proposed vanadium electrolyte facility. The company intends to use the capital to advance development of the project, which aims to produce vanadium electrolyte for flow batteries. This funding supports the broader Australian strategy to secure critical minerals for the renewable energy transition. The move positions AVL as a key player in the domestic supply chain for next-generation energy storage solutions.

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