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Three advanced project developers still raising dollars and locking away crucial off-take deals

10th April 2020

Strandline Resources, Allegiance Coal and Aguia Resources are raising cash and securing product off-take contracts – an extremely tough ask for any project developer in the current subdued environment...

Strandline Resources, Allegiance Coal and Aguia Resources are raising cash and securing product off-take contracts – an extremely tough ask for any project developer in the current subdued environment (reports Stockhead ). It appears to be ‘business as usual’ for Strandline Resources (ASX:STA), which has inked a $US26m ($43.3m) finance facility to develop the Fungoni mineral sands project in Tanzania.

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Market Insights

Tomorrow’s nickel producers set for bumper times in a post-corona EV world

9th April 2020

The nickel price has copped a full dose of the virus, infecting producers’ share prices in the process. But today’s explorers and developers are set to emerge as big winners when the world rides out the other side ...

The nickel price has copped a full dose of the virus, infecting producers’ share prices in the process. But today’s explorers and developers are set to emerge as big winners when the world rides out the other side - with electric vehicle numbers soaring and nickel inventories falling. Among those positioning for this journey are Chalice, Legend, Centaurus and Blackstone. The nickel producers have been doing it tough ever since Wuhan turned the world on its head on January 23 by locking down its 11 million people to deal with the coronavirus.

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FitzGerald

Supply squeezes and better-than-expected demand provide first green shoots for metal prices

9th April 2020

It’s a rare day when the closure, however temporary, of copper mines in Panama and Zambia means anything to Australian investors...

It’s a rare day when the closure, however temporary, of copper mines in Panama and Zambia means anything to Australian investors, but what happened in those countries this week is the latest example of how a supply cuts are helping support commodity and share prices. Both closures, the Cobre mine in Panama and Mopani in Zambia, were caused by concern about coronavirus infections as well as the low copper price, adding to a theme of outages and shortages, especially in the uranium sector, explored in this column last week.

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Prospector’s Diary

Gold stocks to shine in COVID gloom

9th April 2020

Absent mine closures forced by COVID-19, the ASX-listed gold sector is set up for record profitability in the next couple of years...

Absent mine closures forced by COVID-19, the ASX-listed gold sector is set up for record profitability in the next couple of years (reports Barry FitzGerald on MiningNews). In a broader equities market where growth in earnings of any sort will be cherished in a COVID-19 ravaged world, it is remarkable stuff. It is of course not de rigueur for the industry to crow about its rosy outlook as its rosiness very much depends on gold mines across the country remaining virus-free and being able to continue to operate.

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Market Insights

Broker tips Strandline shares to triple

9th April 2020

Broker Shaw and Partners has put a 32c price target on emerging mineral sands miner Strandline Resources...

Broker Shaw and Partners has put a 32c price target on emerging mineral sands miner Strandline Resources – more than three times its current share price – following news that it had signed a US$26 million debt funding agreement for its Fungoni project in Tanzania. Senior analyst Andrew Hines said the debt deal with African financing specialist Nedbank CIB was an important step for Fungoni and “may act as the catalyst for progress on the outstanding items with the Tanzanian Government and for additional strategic equity participation”.

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Market Insights
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Orion Minerals Limited (ASX:ORN) managing director and CEO Errol Smart updates Proactive Investors on the company being granted the key Mining Right by the South African Department of Minerals Resources and Energy for the Prieska Copper-Zinc Project

6th September 2019

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Gold Coast Conference

With increasing global uncertainty regarding the outbreak of COVID-19 and in light of the latest advice from the Australian Government, including an announcement regarding an indefinite ban on indo

Company News

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9th April 2020

Kingston Resources

Extensive high-grade gold in trenching east of Ewatinona Pit

9th April 2020

TNG Limited

Quarterly Activities Report

9th April 2020

Kingsrose Mining

Business Update and COVID-19

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