Lunahuasi: Phase 3 Drilling Continues to Showcase Significant Grades and Scale
NGEx Minerals Ltd. reported its results for the three months and year ended December 31, 2024.
NGEx Minerals Ltd. reported its results for the three months and year ended December 31, 2024.

The mining company has initiated a new phase of exploration at its Diablillos project in Argentina, featuring a 20,000-meter drilling program. Additionally, it presented the project’s progress to the Catamarca government and announced its intention to invest US$550 million under the RIGI framework.

Buenos Aires, March 2025 – The Argentina International Mining Exhibition will take place from May 20 to 22 at the La Rural Exhibition Center in Buenos Aires, with record figures: over 300 exhibitors and 20,000m² of exhibition space, the participation of all mining provinces, and 15 international delegations.

Among sapphires, rare earths, and geothermal energy, these are some of the various mineral deposits, some of which could represent economic interest in the future.
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The decree establishes the cession of assets and rights to CAMYEN S.E., which will assume full administration of the mine after a six-month transition period.

With the aim of strengthening infrastructure in the provincial border region, the Government of Catamarca announced the start of the paving of Provincial Route No. 43 in April, along with the progress of the construction of the new hospital in Antofagasta de la Sierra. Both projects are financed through the mining trust fund of the Salar del Hombre Muerto.

Astra Exploration Inc. announced that it has received all required permits to commence its maiden drill program at the La Manchuria Project located in the Deseado Massif of Santa Cruz province.

Kobrea Explorations announced aerial studies on its properties in Malargüe and prioritizes El Perdido as the project where they will focus their initial efforts.

The mapping scale will be increased in the hydrothermal gap in the northeastern area of Cerro Apero. Additional information will also be gathered while negotiating with two parties interested in joining the project.

Lithium Argentina AG has released its fourth-quarter and full-year 2024 results, highlighting key operational and financial milestones at its Cauchari-Olaroz project, which has become Argentina’s largest lithium carbonate operation.

Maiden 10,000m drill program targets resource expansion and high-grade discoveries.

The President of CAEM, Roberto Cacciola, provided an in-depth analysis of the current state of mining in Argentina and worldwide. The Chamber's top representative emphasized the need to consolidate trust and remain alert to the changes occurring on a global scale.

MARA supported the initiative of the Santa María Professional Training Center No. 2 to provide training and national certification for young welders in that department.

Over 70 residents analyzed the cumulative impact of activities in the Río Los Patos and the Salar del Hombre Muerto during a participatory workshop aimed at agreeing on a sustainable development model.

The Government of San Juan announced the appointment of Natalia Marchese as the new president of the Provincial Institute of Mining Exploration and Exploitation (IPEEM). The decision was made by Governor Marcelo Orrego, as part of an institutional renewal aimed at strengthening the mining management in the province.

NGEx Minerals Ltd. provided the fourth update on its ongoing Phase 3 drill program at the 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan province. Eight drill rigs are now turning at Lunahuasi with eleven holes completed and 16,433m drilled.

In spite of year-over-year mining depletion, Fortuna Mines announced minimal changes to Mineral Reserves at Lindero, with tonnes and gold grade decreasing by 3 percent and 4 percent, respectively

EXAR, the leading lithium carbonate producer in Argentina, announced an investment of over US$40 million for the installation of a prototype direct lithium extraction (DLE) plant, which will allow it to maximize the efficiency of its production at its Cauchari-Olaroz plant (Jujuy province).

- Spot sales contract executed for 20 metric tonnes of battery quality >99.5% lithium carbonate product - Fixed sales price referenced from SMM battery grade lithium carbonate price

Rio Tinto has completed its acquisition of Arcadium Lithium for $6.7 billion, following the sanctioning of the Scheme of Arrangement by the Royal Court of Jersey on 5 March. Rio Tinto is now the ultimate parent company of Arcadium Lithium, which will become Rio Tinto Lithium, and will also include the Rincon lithium project.

With Malargüe Western Mining District (MDMO) as its flagship, Mendoza's Governor Alfredo Cornejo rated his administration's efforts in mining development as positive. What is expected from mining in the medium term and how are the exploration projects that have passed all the filters in Mendoza progressing?