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Record price for Pilbara lithium more evidence share sell-off is overdone

24th June 2022

MD Dale Henderson says “evidence at the coal face with our customers suggests demand remains incredibly strong”. Record sale comes as market prepares for news of Liontown’s third major lithium offtake deal. Plus, Mincor banks its first cheque from BHP and lots of smoke billowing from Nimy’s nickel hunt in WA.

FitzGerald

24th June 2022

Fear of recession and earnings downgrades leaves exploration success as investors’ great white hope

24th June 2022

Recession speculation flowing from a potentially rapid rise in interest rates dominated the top end of ASX resource stocks this week while at the bottom end, with the aid of a magnifying glass, a handful of winners could be found.

Biggest losers from the downbeat talk were the three major iron ore producers, BHP, Rio Tinto and Fortescue Metals, which were sold off as the iron ore price headed south. BHP dropped $2.19 (5.2%) to $40.36. Rio Tinto fell by $5.31 (5%) to $102.38, while FMG was hit hardest, losing $1.50 (8%) to $17.26. China’s slowing economy, caused in part by Covid lockdowns, was the primary reason for the steel-making material crashing back to US$112 a tonne, its lowest this year and half the price of 12-months ago.

Prospector’s Diary

24th June 2022

Gascoyne’s monster 54m intercept grading 6.5g/t at Gilbey’s North

24th June 2022

Gascoyne has made a stellar intersection of 54m grading 6.55g/t gold at its Gilbey’s North discovery which is north of its operating Gilbey’s pit about 65km north-west of Mt Magnet, WA (reports Stockhead).

Gilbey’s North is located only 1 kilometre from the Dalgaranga process plant. The result from a depth of 116m down-hole in DRGRC0971 includes a higher grade intersection of 12m grading 20.1g/t gold and is preceded by a shallower interval of 8m at 1.15g/t gold from 100m. Follow-up drilling is continuing at Gilbey’s North with two reverse circulation rigs operating, although assay turn-around continues to be heavily impacted by industry-wide delays from staffing shortages with assays pending for more than 100 drill holes.

Market Insights

24th June 2022

Is it too late to buy battery metal stocks?

24th June 2022

What do you get when you mix an energy crisis, underinvestment in old energy, and global net-zero targets? (reports Livewire)

Answer: demand for battery metals and the stocks that ride it. In market parlance, we're talking a 20% compound annual growth rate that is tipped to last until 2030. These stocks can be as volatile as they are exciting. They went gangbusters early in the year, but have been swept up in the market sell off since. But don't let that dissuade you - just about every stock mentioned below is in the green over a 12 month period. Further still, they make up a long-term term trend towards electrification that is here to stay.

Deep Value

23rd June 2022

China’s electric vehicle battery supply chain shows signs of forced labour, report says

23rd June 2022

Chinese companies that produce raw materials for electric vehicle batteries show indications of using forced labour, according to a report from The New York Times (writes CNBC).

The newspaper reported that mining conglomerate Xinjiang Nonferrous Metal Industry employs hundreds of Uyghurs, an ethnic minority in China, as part of a so-called work transfer program. The Times reported China has acknowledged running such a program that moves Uyghurs and other ethnic minorities from the south of Xinjiang to the north to work in industrial jobs. The Chinese embassy in Washington did not immediately respond to a CNBC request for comment.

Market Insights

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DevEx Resources: Discussing Nabarlek Uranium Project

7th April 2022

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7th - 8th Jun 2022

RRS 2022 Gold Coast Conference

We're delighted to be returning to the RACV Royal Pines Resort on the Gold Coast in 2022 for our 19th annual Resources Rising Stars Investor Conference.

Fitzgerald

Record price for Pilbara lithium more evidence share sell-off is overdone

Prospectors Diary

Fear of recession and earnings downgrades leaves exploration success as investors’ great white hope

Recession speculation flowing from a potentially rapid rise in interest rates dominated the top end of ASX resource stocks this week while at the bottom end, with the aid of a magnifying glass, a handful of winners could be found.

Market Insights

Gascoyne’s monster 54m intercept grading 6.5g/t at Gilbey’s North

Gascoyne has made a stellar intersection of 54m grading 6.55g/t gold at its Gilbey’s North discovery which is north of its operating Gilbey’s pit about 65km north-west of Mt Magnet, WA (reports Stockhead).

Deep Value

Is it too late to buy battery metal stocks?

What do you get when you mix an energy crisis, underinvestment in old energy, and global net-zero targets? (reports Livewire)

Market Insights

China’s electric vehicle battery supply chain shows signs of forced labour, report says

Chinese companies that produce raw materials for electric vehicle batteries show indications of using forced labour, according to a report from The New York Times (writes CNBC).

24th June 2022

24th June 2022

24th June 2022

24th June 2022

Recession speculation flowing from a potentially rapid rise in interest rates dominated the top end of ASX resource stocks this week while at the bottom end, with the aid of a magnifying glass, a handful of winners could be found.

24th June 2022

24th June 2022

Gascoyne has made a stellar intersection of 54m grading 6.55g/t gold at its Gilbey’s North discovery which is north of its operating Gilbey’s pit about 65km north-west of Mt Magnet, WA (reports Stockhead).

24th June 2022

24th June 2022

What do you get when you mix an energy crisis, underinvestment in old energy, and global net-zero targets? (reports Livewire)

23rd June 2022

23rd June 2022

Chinese companies that produce raw materials for electric vehicle batteries show indications of using forced labour, according to a report from The New York Times (writes CNBC).

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