LLM teams up with Terra Search at historic mine
LLM and Dr Simon Beams team up to explore historic Highway Reward mine
Company has extensive and detailed exploration and mining data from acquisition
The parties will use AI tech to determine new copper-gold drill targets
Special Report: Loyal Metals has joined forces with highly regarded Terra Search geologist Dr Simon Beams to unlock the potential of its Highway Reward copper-gold mine in north Queensland.
Amongst the world's highest-grade copper mines, the project operated from 1987 to 2005 with historical production of 3.65Mt at 5.7% copper and 260kt at 4.5 g/t gold.
Throughout the mine's 20-year dormancy, Terra Search has preserved a comprehensive and robust archive of both exploration and mining data — an invaluable foundation for revitalisation.
And Dr Beams himself has over 38 years of hands-on experience at the mine and with the broader Mount Windsor Volcanic Belt – invaluable expertise at the company works to realise the full potential of the world-class copper-gold system.
Loyal Metals (ASX:LLM)says this collaboration could unlock the remnant potential of the mine using advanced AI-powered mining software to create 3D geological models and identify promising exploration targets for drilling.
Transforming legacy assets through innovation
The company has $4.4m in funding to deploy modern exploration techniques at the project, which it believes could unearth the next generation of discoveries.
'Highway Reward is more than a historic mine - it's a proven, high-grade copper-gold system with significant untapped potential,' MD Adam Ritchie said.
'Engaging Dr. Simon Beams enables us to fast track the next phase of discoveries, combining unmatched local expertise, modern exploration tools, and a clear vision for revitalisation.
'With a comprehensive digital data set and $4.4 million in funding, Loyal Metals is well positioned to unlock significant value through targeted exploration.'
Dr Beams says the project has immense untapped potential. It also holds a special place for him, having been there for the first discovery drill hole.
'Having guided this project through its early exploration, I've seen firsthand the richness of its geology,' he said.
'Now, we're bridging decades of hands-on knowledge with cutting-edge tools—AI, advanced geophysics, and 3D modeling—to fast-track new discoveries.
'This isn't just about revisiting old data; it's about rewriting the playbook with modern precision.
'We're not just revisiting a mine; we're setting a new standard for how legacy assets can be transformed through innovation.'
This article was developed in collaboration with Loyal Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Originally published as Loyal Metals teams up with Dr Simon Beams to unlock Highway Reward copper-gold potential
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Herald Sun
29 minutes ago
- Herald Sun
Trump agrees to small reduction in Philippine tariffs
Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. US President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos. Welcoming Marcos to the White House, Trump called him a "very tough negotiator" and said: "We're very close to finishing a trade deal -- a big trade deal, actually." In a social media post shortly afterward, Trump said that while the Philippines would open up completely to US goods, he would still impose a 19 percent tariff on products from the Southeast Asian country, a major exporter of high-tech items and apparel. "It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs," Trump wrote on his Truth Social platform. The Philippines was among two dozen economies confronted by Trump with letters this month warning of 20 percent tariffs on all goods coming into the United States as of August 1. The 19 percent rate is still above the 17 percent threatened by Trump in April, when he threatened sweeping global tariffs. The trade rift comes despite increasingly close defense relations between the United States and the Philippines, a former US colony and treaty-bound ally that has seen high tensions with China. The United States last year, under Trump's predecessor Joe Biden, deployed ground-launched missiles in the Philippines. Washington has also eyed ammunition manufacturing in the Philippines, despite the closure in 1992 of the US naval base at Subic Bay due to heavy public pressure. "All of what we consider part of the modernization of the Philippine military is really a response to the circumstances that surround the situation in the South China Sea," Marcos said next to Trump. Trump devoted much of the appearance to attacks on his Democratic predecessors Biden and Barack Obama. "We are essentially concerned with the defense of our territory and the exercise of our sovereign rights," said Marcos. "Our strongest, closest, most reliable ally has always been the United States." - Trump eyes China visit - China and the Philippines have engaged in a series of confrontations in the contested waters of the South China Sea, which Beijing claims almost entirely, despite an international ruling that the assertion has no legal basis. Trump has frequently questioned allies over their military spending, pondering why the United States should defend them in the NATO alliance. He has voiced fewer doubts about the Philippines. Both Defense Secretary Pete Hegseth and Secretary of State Marco Rubio in meetings with Marcos on Monday vowed to honor the 1951 Mutual Defense Treaty with the Southeast Asian nation. The Trump administration has identified China as the top US adversary but the US president has also boasted of his relationship with Chinese counterpart Xi Jinping. Speaking alongside Marcos, Trump said he would "probably" visit China at Xi's invitation "in the not-too-distant future." He said of Marcos: "I don't mind if he gets along with China very well, because we're getting along with China very well." Trump added the Philippines had been "maybe tilting toward China" and "we untilted it very, very quickly." "I just don't think that would have been good for you," Trump said. The US president credited himself with the shift, although the turn towards Washington began after the 2022 election of Marcos, before Trump returned to power. Marcos's predecessor Rodrigo Duterte had flirted with closer relations with China and bristled at US criticism over human rights under Biden and Obama. Duterte is facing charges of crimes against humanity at the International Criminal Court over a sweeping campaign against drug users and dealers that rights groups say killed thousands. aue-bys-sct/aha Originally published as Trump agrees to small reduction in Philippine tariffs
Sydney Morning Herald
42 minutes ago
- Sydney Morning Herald
ASX set to rise, Wall Street mixed; Trump labels Fed chief a ‘numbskull'
Wall Street is hanging around its records following some mixed profit reports, as General Motors and other big US companies give updates on how much President Donald Trump's tariffs are hurting or helping them. The S&P 500 was 0.1 per cent higher in late trading and on track to squeak to another all-time high. The Dow Jones was up 164 points, or 0.4 per cent, in late trade, and the Nasdaq composite was down 0.2 per cent after setting its own record. The Australian sharemarket is set to rise, with futures pointing to a gain of 40 points, or 0.5 per cent, at the open. The ASX edged 0.1 per cent higher on Tuesday. General Motors dropped 7.5 per cent despite reporting a stronger profit for the spring than analysts expected. The automaker said it's still expecting a $US4 billion-$US5 billion ($6.1 billion- $7.6 billion) hit to its results over 2025 because of tariffs and that it hopes to mitigate 30 per cent of that. GM also said it will feel more pain because of tariffs in the current quarter than it did during the spring. Loading That helped to offset big gains for some homebuilders after they reported stronger profits for the spring than Wall Street had forecast. D.R. Horton rallied 16.5 per cent, and PulteGroup jumped 11.4 per cent. That was even as both companies said homebuyers are continuing to deal with challenging conditions, including higher mortgage rates and an uncertain economy. So far, the US economy seems to be powering through all the uncertainty created by Trump's on-and-off tariffs. Many of Trump's stiff proposed taxes on imports are currently on pause, and the next big deadline is Aug. 1. Talks are underway on possible trade deals with other countries that could lower the proposed tariffs before they kick in. Companies are already feeling effects. Genuine Parts, the Atlanta-based company that sells auto and industrial replacement parts around the world, trimmed its profit forecast for the full year in order to incorporate 'all US tariffs currently in effect,' along with its updated expectations for business conditions in the second half of the year. Its stock rose 6.5 per cent after it reported a stronger profit for the latest quarter than analysts expected.
The Age
42 minutes ago
- The Age
ASX set to rise, Wall Street mixed; Trump labels Fed chief a ‘numbskull'
Wall Street is hanging around its records following some mixed profit reports, as General Motors and other big US companies give updates on how much President Donald Trump's tariffs are hurting or helping them. The S&P 500 was 0.1 per cent higher in late trading and on track to squeak to another all-time high. The Dow Jones was up 164 points, or 0.4 per cent, in late trade, and the Nasdaq composite was down 0.2 per cent after setting its own record. The Australian sharemarket is set to rise, with futures pointing to a gain of 40 points, or 0.5 per cent, at the open. The ASX edged 0.1 per cent higher on Tuesday. General Motors dropped 7.5 per cent despite reporting a stronger profit for the spring than analysts expected. The automaker said it's still expecting a $US4 billion-$US5 billion ($6.1 billion- $7.6 billion) hit to its results over 2025 because of tariffs and that it hopes to mitigate 30 per cent of that. GM also said it will feel more pain because of tariffs in the current quarter than it did during the spring. Loading That helped to offset big gains for some homebuilders after they reported stronger profits for the spring than Wall Street had forecast. D.R. Horton rallied 16.5 per cent, and PulteGroup jumped 11.4 per cent. That was even as both companies said homebuyers are continuing to deal with challenging conditions, including higher mortgage rates and an uncertain economy. So far, the US economy seems to be powering through all the uncertainty created by Trump's on-and-off tariffs. Many of Trump's stiff proposed taxes on imports are currently on pause, and the next big deadline is Aug. 1. Talks are underway on possible trade deals with other countries that could lower the proposed tariffs before they kick in. Companies are already feeling effects. Genuine Parts, the Atlanta-based company that sells auto and industrial replacement parts around the world, trimmed its profit forecast for the full year in order to incorporate 'all US tariffs currently in effect,' along with its updated expectations for business conditions in the second half of the year. Its stock rose 6.5 per cent after it reported a stronger profit for the latest quarter than analysts expected.
