This week’s tech wreck is not a bad thing for the mining sector on the basis that the sell-off is contained and that it will convince investors that it is time to replace over-hyped growth stories with some hard assets.
Base metal developer Venturex Resources (ASX: VXR) says it’s on the cusp of developing a new $146 million copper-zinc mine at its Sulphur Springs project in the Pilbara following the release of its eagerly-awaited definitive feasibility study this week.
First Au is planning a 3000m follow-up RC drill campaign after aircore drilling intersected probable supergene mineralisation over 4m grading 393 grams per tonne gold at the Gimlet gold exploration project next to Intermin Resources’ Teal project north of Kalgoorlie (reports MiningNews).
Italy is on the brink of a dangerous banking crisis as the red-blooded showdown between Brussels and Rome pushes the country's borrowing costs to a five-year high (writes Ambrose Evans-Pritchard in London’s Daily Telegraph).
After a number of last minute delays, TNG has executed a critical native title agreement that will allow granting of the mining lease and subsequent development of the massive Mount Peake vanadium-titanium-iron project in the Northern Territory (reports MiningNews).