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Hunt for ASX copper stocks hots up as investors prepare for supply deficit

23rd October 2020

There are not many to choose from, but Sandfire’s sum-of-the-parts highlights a value opportunity while shares in juniors such as Stavely and Venturex are already edging up. Plus, early De Grey backer, DGO Gold, wades into a new junior.

Copper has been mounting a challenge to take over from gold as the glamour metal, prompting renewed investor interest in the red metal. With gold seemingly locked into sideways trade until the US election is decided, copper has been shooting the lights out. It last traded at $US3.17/lb, which was a 28-month high. The current price compares with the $US2.50/lb average of the June half and the metal’s 2019 (calendar) average of $US2.72/b, and $2.96/lb in 2017.

FitzGerald

23rd October 2020

Battery metals begin bounce back amid hopes of a Biden-led boost for EVs

23rd October 2020

A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market.

A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market. Despite another 11-days of campaigning before the US Presidential election on November 3, early bets are being placed on lithium, nickel and graphite miners in the hope that the Democrat contender, Joe Biden, defeats Donald Trump.

Prospector’s Diary

23rd October 2020

Record quarterly profit for Saracen

23rd October 2020

Saracen Mineral Holdings has reported a record unaudited September quarter net profit after tax of A$70-80 million (reports MiningNews).

Saracen Mineral Holdings has reported a record unaudited September quarter net profit after tax of A$70-80 million (reports MiningNews). September quarter production was 154,388 ounces of gold at all-in sustaining costs of $1169 an ounce. Carosue Dam produced a record 54,987oz at $1262/oz even before the plant expansion was commissioned. The operation generated mine operating cashflow of $60.8 million and net mine cashflow of $27.1 million after $33.7 million in growth capital. Thunderbox production of 44,211oz at $790/oz was also a record.

Market Insights

23rd October 2020

Bellevue still only scratching the surface

23rd October 2020

Despite moving to development, Bellevue Gold sees the potential to continue rapid growth in its gold inventory at its namesake project near Leinster in Western Australia (reports MiningNews).

Despite moving to development, Bellevue Gold sees the potential to continue rapid growth in its gold inventory at its namesake project near Leinster in Western Australia (reports MiningNews). Bellevue has gone from zero to 2.3 million ounces in two and a half years, making it one of the largest gold discoveries in Western Australia in the past decade. At a resource grade of 10 grams per tonne gold, the project is running at about 10 times the grade of the average gold mine.

Market Insights

23rd October 2020

RareX makes ‘best-ever’ rare earths intercept at Cummins Range

23rd October 2020

RareX has made its best-ever drill intercept at the Cummins Range rare earths project in Western Australia (reports Stockhead).

RareX has made its best-ever drill intercept at the Cummins Range rare earths project in Western Australia (reports Stockhead). Drilling returned the hit of 90m at 3.8 per cent total rare earth oxides (TREO) and 0.3 per cent niobium from just 4m that includes higher grade zones of 20m at 5.1 per cent TREO and 0.3 per cent niobium from 7m and 32m at 4.4 per cent TREO and 0.3 per cent niobium from 62m.

Market Insights

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Firefly Resources - RRS Investor Series Presentation - 11 August 2020

11th August 2020

RRS TV

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Fitzgerald

Hunt for ASX copper stocks hots up as investors prepare for supply deficit

There are not many to choose from, but Sandfire’s sum-of-the-parts highlights a value opportunity while shares in juniors such as Stavely and Venturex are already edging up. Plus, early De Grey backer, DGO Gold, wades into a new junior.

Prospectors Diary

Battery metals begin bounce back amid hopes of a Biden-led boost for EVs

A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market.

Market Insights

Record quarterly profit for Saracen

Saracen Mineral Holdings has reported a record unaudited September quarter net profit after tax of A$70-80 million (reports MiningNews).

Deep Value

Chalice’s Julimar ‘one of the most significant greenfield discoveries in recent years’: Macquarie

Macquarie Research has initiated coverage on Chalice Gold Mines (ASX: CHN) with an outperform rating and $1.80 price target

Market Insights

Bellevue still only scratching the surface

Despite moving to development, Bellevue Gold sees the potential to continue rapid growth in its gold inventory at its namesake project near Leinster in Western Australia (reports MiningNews).

23rd October 2020

23rd October 2020

There are not many to choose from, but Sandfire’s sum-of-the-parts highlights a value opportunity while shares in juniors such as Stavely and Venturex are already edging up. Plus, early De Grey backer, DGO Gold, wades into a new junior.

23rd October 2020

23rd October 2020

A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market.

23rd October 2020

23rd October 2020

Saracen Mineral Holdings has reported a record unaudited September quarter net profit after tax of A$70-80 million (reports MiningNews).

23rd October 2020

23rd October 2020

Despite moving to development, Bellevue Gold sees the potential to continue rapid growth in its gold inventory at its namesake project near Leinster in Western Australia (reports MiningNews).

23rd October 2020

23rd October 2020

RareX has made its best-ever drill intercept at the Cummins Range rare earths project in Western Australia (reports Stockhead).

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