Project Updates

Cactus mine

Credit: Shutterstock

Minerals: Copper​​​​​​​
Location: Arizona, US​​​​​​​
Reserves: 250.6 million tonnes​​​​​​​
Mine life: 21 years

Arizona Sonoran Copper subsidiary Cactus 110 is developing the project, currently in the feasibility stage, with an initial capital cost of around $525m. It represents a significant copper production venture in the country, expected to yield an average annual copper production of 55 kilotonnes.

Rhyolite Ridge project

Credit: Inoeer

Minerals: Lithium, boron​​​​​​​
Location: Nevada, US​​​​​​​
Reserves: 60.2 million tonnes​​​​​​​
Mine life: 26 years

The greenfield project is proposed for development by Ioneer. A definitive feasibility study indicated the potential for an average annual production of 22,340 tonnes of lithium carbonate, 21,951t of lithium hydroxide over the remaining mine life, and 174,378 tonnes per annum of boric acid.

Lafigue project

Credit: Endeavour Mining

Minerals: Gold
Location: Cote d'Ivoire
Reserves: 49.81 tonnes​​​​​​​
Mine life: 13 years

The project is being developed by Endeavour Mining with an 80% stake. The Government of Cote d’Ivoire and Société pour le Development Minier de la Côte d’Ivoire own 10% each. First gold is expected in Q2 2024, with an average annual production rate of 212 million ounces.