Mining Briefs: Intermin, Hylea and more

IN Mining Briefs: final results for Intermin’s Teal; Hammer sells project; Geopacific appoints advisor; and drilling from Hylea, Aeon and Mustang.

Mining Briefs: Intermin, Hylea and more Mining Briefs: Intermin, Hylea and more Mining Briefs: Intermin, Hylea and more Mining Briefs: Intermin, Hylea and more Mining Briefs: Intermin, Hylea and more

The Teal gold mine

Intermin Resources' Teal gold mine in Western Australia produced 21,836 ounces in stage one and two, 19% higher than the feasibility study estimate.

Revenue of A$36.5 million was 24% higher than forecast.

However, profit-sharing partner and mining contractor Resource Mining has sent Intermin a second cost variation claim using a different methodology to the first.

Intermin disputes both the form and substance of the claim and is working to resolve the matter.

Assays for the first 12 holes at Hylea Metals' Tiger's Creek prospect in New South Wales have returned wide, high-grade, near-surface mineralisation.

Results included 19m at 0.1% cobalt, 0.68% nickel and 0.44 grams per tonne platinum from 6m, including 9m ...

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