The Opemiska project includes the former Springer and Perry copper-gold mines, operated by Falconbridge from 1953 to 1991.
The proposed mine in the Bristol Bay area would have become the largest copper, gold and molybdenum extraction site in North America.
Resources in both the indicated and inferred categories have increased by 48.7%.
The initial capex will be less than $350 million, assuming contract mining.
It produced 393,551 tonnes of the metal last year, an 18% increase from 2022, and it expects to churn out 440,000-490,000 tonnes this year.
An environmental impact study will be filed for an exploration program to be completed on Block IV during the year.
The plant, one of Alcoa’s first three Western Australia alumina refineries, has been operating below nameplate capacity for the past year.
Recent estimates show that mining and burning fossil fuels are still the top sources of mercury in the global ocean.
The Western Australia-based junior entered the ASX on the right foot, having raised A$15 million ($10m) on a heavily oversubscribed IPO.
The iron ore project is a partnership between Rio Tinto, the Guinean government and at least seven other companies.
Geoland Services plans to explore 2,000 hectares in the search for graphite, gold, silver, and nickel.
