A fundamental choice for Critical Minerals development: "Fascism or radical democracy?"

The global demand for critical minerals like lithium and copper is surging, but how we attempt to quickly extract them, argues Katherine Teh , Executive Chairman of Spektrum Development , presents a fundamental choice: embrace authoritarian tactics that disregard communities or pursue transparent, consent-based development. In this pivotal moment, the stakes are high-ranging, from environmental destruction to lost economic potential. Which path should be chosen? Katherine Teh of Spektrum Development addressing the 2024 ACFID Conference WE ARE AT a crossroads in the energy transition. The gap between what the mining industry promises and what it delivers has been widening, creating not only delays but the potential for significant socio-economic and environmental risks. As the demand for critical minerals like copper, graphite, and lithium increases, we’re facing mounting challenges in securing these resources quickly enough to support the transition to renewable energy. The Problem...

Sovereign Gold to fund Ibam Hill gold JV exploration in Malaysia

Australian-listed Sovereign Gold Company has entered into a 50% joint venture in the advanced Ibam Hill gold exploration project in Malaysia through Almusyarakah Mining Minerals SDN BHD. AAM's founder and chairman is Abdul Hakam, a prominent banker. Through its 100% subsidiary MAS Gold Pty Ltd, Sovereign Gold will fund development of the project up to A$1.5 million and also provide expertise.

The project is located in the Eastern Gold Belt in the Malaysian state of Pahang in the Bukit Ibam State Forest Reserve, 152 km from Kuala Lumpur. An initial exploration target of 100,000-150,000 oz gold has been set for the near surface, open pitable resource that averages 1-2 g/t of gold.

Sovereign Gold’s CEO, Nick Raffan and Chief Geologist, Michael Leu will oversee the project through participation on the project management committee and the company has appointed Tan Sri Ibrahim Menudin, former group chief executive of Malaysian Mining Corporation and Richard Yap, director of business development for TA Enterprise Berhad, as advisers to the project.