News

Sprott’s spot plan a strong tailwind for Boss. Plus, copper stocks show uranium peers what boom times are like as investors throw cash at them.

It’s game on in the uranium market. If there is any doubt about that, take a look at the share price performance of a clutch of ASX-listed explorers in the past week. Boss Energy (BOE) up 25%, Vimy (VMY) up 16%, Deep Yellow (DYL) up 25%, and Marenica up 40%. The share price gains are a response by the long-beaten-up sector to a cascade of positive developments over the same time frame.

read more

Macquarie Bank’s headline-grabbing iron ore price forecast last week of $US200 a tonne for later this year has been raised by Citi, a rival bank, which reckons the ore price could stretch out to $US210/t in the September quarter.

Macquarie Bank’s headline-grabbing iron ore price forecast last week of $US200 a tonne for later this year has been raised by Citi, a rival bank, which reckons the ore price could stretch out to $US210/t in the September quarter. “No turn of the iron ore tide just yet,” is how Citi summed up a red-hot commodity even as it eased back below $US190/t this week but which continues to be driven by global economic stimulus spending and the return of consumers armed with trillions of dollars in the U.S.

read more

Kalgoorlie-Boulder’s Super Pit has delivered a shot in the arm to an Australian gold giant’s inventory, with promising drill hits pointing to many more years at the historic Golden Mile where the precious metal was discovered 128 years ago

Kalgoorlie-Boulder’s Super Pit has delivered a shot in the arm to an Australian gold giant’s inventory, with promising drill hits pointing to many more years at the historic Golden Mile where the precious metal was discovered 128 years ago (reports The Kalgoorlie Miner). Northern Star Resources late on Monday posted an 8 per cent upgrade to its group reserve ounces, complemented by a 15 per cent lift in resource ounces.

read more

Northern Star Resources has continued its record of reserve and resource replacement, releasing inventory numbers for the nine months to March 31 (reports MiningNews).

Northern Star Resources has continued its record of reserve and resource replacement, releasing inventory numbers for the nine months to March 31 (reports MiningNews). Reserves grew by 8%, or 2 million ounces, to 21Moz, after depletion of 1.1Moz and using a gold price of A$1750/US$1350 an ounce. The update represents a 23% increase in group reserves per share. Reserves at KCGM in Kalgoorlie jumped 20% to 11.6Moz. The company pointed out that all reserves sat in tier one jurisdictions.

read more

Strandline Resources had pulled the trigger on a new mineral sands mine in Western Australia undaunted by emerging skills and labour shortages in the state (reports The Australian Financial Review).

Strandline Resources had pulled the trigger on a new mineral sands mine in Western Australia undaunted by emerging skills and labour shortages in the state (reports The Australian Financial Review). The company announced the final investment decision on its $338 million Coburn project on Tuesday and will start work immediately after locking in key contractors well in advance.

read more

Stavely Minerals has reported “outstanding” assays from the latest drilling at the Thursday’s Gossan project in Victoria (reports MiningNews).

Stavely Minerals has reported “outstanding” assays from the latest drilling at the Thursday’s Gossan project in Victoria (reports MiningNews). The most north-eastern hole drilled to date in the Cayley Lode resource definition program returned two significant intercepts and extended the mineralisation to 900m of strike extent.

read more

Western Australian gold explorer Kin Mining (ASX: KIN) has expanded and strengthened the high-grade gold potential of its Cardinia Hill deposit

Western Australian gold explorer Kin Mining (ASX: KIN) has expanded and strengthened the high-grade gold potential of its Cardinia Hill deposit with new drilling results from its ongoing resource definition program (reports Small Caps). The company today posted “outstanding” new wide, high-grade gold intercepts including 7m at 21.3 grams per tonne gold from 91m in the sulphide zone and 8m at 4.02g/t gold from 19m in the oxide zone.

read more

Six weeks after Tolga Kumova-backed Firebird Metals marked its debut on the Australian Securities Exchange by tripling in price, another Pilbara manganese explorer, Black Canyon, today made its market debut (reports MiningNews).

Six weeks after Tolga Kumova-backed Firebird Metals marked its debut on the Australian Securities Exchange by tripling in price, another Pilbara manganese explorer, Black Canyon, today made its market debut (reports MiningNews). However, Black Canyon was unable to hit the same heights as Firebird, although it did spike as much as 65% during the session at 33c. The explorer opened up 50% at 30c, trading as low as 29.5c, before closing at 50c after four million shares were traded.

read more

Upcoming Events

View All

18th May 2021

RRS May Investor Lunch Series - Brisbane

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

19th May 2021

RRS May Investor Lunch Series - Sydney

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

20th May 2021

RRS May Investor Lunch Series - Melbourne

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

© 2021 Resources Rising Stars All Rights Reserved