Latest news with #LoyalMetals
Mercury
2 days ago
- Business
- Mercury
LLM teams up with Terra Search at historic mine
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 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
Herald Sun
2 days ago
- Business
- Herald Sun
LLM teams up with Terra Search at historic mine
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 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
Herald Sun
09-07-2025
- Business
- Herald Sun
LLM eyes revitalised copper-gold mine
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. LLM to acquire Highway-Reward copper-gold mine in Queensland The mine hasn't been explored since 2005 and copper and gold prices have soared in the time thereafter LLM expects modern exploration may help make new discoveries Special Report: Loyal Metals is acquiring one of the world's highest-grade copper mines in the Highway Reward mine near Charters Towers in North Queensland. The project boasts past production totalling 3.65Mt at 5.7% copper and 260,000t at 4.5 g/t gold. No exploration has been conducted since operations ceased in 2005 – despite a ~700% increase in copper prices to A$8.45/lb and ~1256% increase in gold prices to A$5,006/oz since the 1997 feasibility study. Loyal Metals (ASX:LLM)said the increased prices combined with the previous exclusion of gold in sulphides from the mine plan, highlighted the enhanced remnant copper-gold potential. 'The Highway Reward copper gold mine, considered one of the highest-grade copper mines in the world, is now primed for a revisit after 20 years of dormancy,' LLM managing director Adam Ritchie said. 'The granted mining leases of the Highway Reward mine provide an amazing speed to market opportunity - especially when both copper and gold are near all-time highs. 'The short-term and long-term opportunities at Highway Reward are exciting, considering the significant growth in commodity prices since the 1997 feasibility study.' With over $4.4 million in funding, the company is well-positioned to revisit the high-grade mine by deploying modern exploration techniques. A map of the Highway-Reward mine. Pic: LLM New discoveries at higher prices The company is confident there's potential for new discoveries along strike and at depth, as previous mining only reached depths of 220 metres for open pit and 390 metres for underground operations - with limited exploration beyond mined zones. 'Copper is driving our electric future and gold continues to play an important role in our global economy,' Ritchie said. 'Whilst a lot has changed in the past 28 years, the unwavering demand for copper and gold has only intensified. 'This is truly an amazing opportunity to unlock and showcase the immense potential of this forgotten mine. 'With modern technology and innovative mining techniques, we believe the Highway Reward copper gold mine will provide exceptional value and returns to our Loyal shareholders." The company plans to look for copper-gold extensions to subvertical trends that may exist below current mining levels and will assess previously mined, copper-gold rich pipes along strike. The plan is to use the latest innovations in exploration technology combined with the plethora of historical data Loyal will acquire along with the mine to generate new drill targets. 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 picks up historic high-grade copper-gold mine
