News

Plus, Chalice’s record in Victoria to help its bid for highly-demanded blocks next to Kirkland’s rich Fosterville mine

Excitement is building around the expected release on Monday of the eagerly awaited assay results from the third hole drilled at Legend Mining’s (LEG) Area D prospect at its Rockford project in WA’s Fraser Range. Legend was 4.2c a share ahead of going into a trading halt last week and a trading suspension this week, pending the release of the assay results.

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Gold mining stocks got a “triple-T” boost this week with Trade, Trump and Takeovers lifting its price to a one-month high and what could be the start of a drive back above the $US1500 an ounce mark.

Gold mining stocks got a “triple-T” boost this week with Trade, Trump and Takeovers lifting its price to a one-month high and what could be the start of a drive back above the $US1500 an ounce mark. The share prices of miners reacted modestly to the rising price for the yellow metal, which reached $US1483/oz on Wednesday before sliding back to around $US1475/oz – a gain for the week of $US14/oz.

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Liontown Resources boss David Richards predicts the lithium market will have recovered by the time its Kathleen Valley project enters production in 2024 (reports The West Australian).

Liontown Resources boss David Richards predicts the lithium market will have recovered by the time its Kathleen Valley project enters production in 2024 (reports The West Australian). The Tim Goyder-chaired explorer yesterday put a $240.5 million price tag on the project near Leinster based on a 2 million tonne per annum operation producing 295,000tpa of spodumene concentrate.

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6th December 2019

Plans to finally develop the world-class Coburn zircon and titanium mineral sands project in Western Australia’s Mid-West region are advancing

Plans to finally develop the world-class Coburn zircon and titanium mineral sands project in Western Australia’s Mid-West region are advancing, with proponent Strandline Resources signing an agreement to tap into a “world-first” trucked LNG-to-hybrid renewable microgrid project (reports MiningNews). Strandline has signed a non-binding proposal with a Woodside Petroleum and EDL joint venture for a 27 megawatt integrated project using gas from the Pluto LNG project to fuel gas generators with diesel back-up, and a solar and battery storage plant.

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The first three drillholes at Centaurus Metals’ newly acquired Jaguar nickel sulphide project in Brazil have returned wide, high-grade results (reports MiningNews).

The first three drillholes at Centaurus Metals’ newly acquired Jaguar nickel sulphide project in Brazil have returned wide, high-grade results (reports MiningNews).

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Gold producer Red 5 (ASX:RED) has reached an option agreement to acquire the Cables and Mission gold deposits from private vendor Andrew Paterson

Gold producer Red 5 (ASX:RED) has reached an option agreement to acquire the Cables and Mission gold deposits from private vendor Andrew Paterson that could increase resources and extend mine life at its Darlot mining operation in Western Australia’s Eastern Goldfields region (reports Stockhead). The Cables and Mission deposits are just 10km from Darlot and were last reported by Leopard Resources in 2014 to host outdated JORC 2004 resources of 185,000 ounces of gold.

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Sunstone Metals says the latest results from its Limon prospect in Ecuador indicate it’s close to a gold-copper porphyry centre (reports MiningNews). The latest Limon drilling returned 40m at 0.1 grams per tonne gold, 0.12% copper and 19 parts per million molybdenum from 863m from downhole. Sunstone said the result indicated drilling was within the outer halo of a mineralised porphyry gold-copper system of significant scale. "The trend is our friend," Sunstone managing director Malcolm Norris told the Resources Rising Stars Summer Series in Sydney.

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Kalgoorlie is arguably Australia’s premier gold town and the region around it has delivered a rich endowment of the precious metal over the course of the country’s longest-running gold rush, which shows no sign of stopping anytime soon (reports Stockhead). Torian Resources’ (ASX:TNR) latest drilling results certainly lend credence to the belief that there is still more gold to be found in the region with top assays of up to 46 grams per tonne (g/t) gold at its Credo Well project.

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26th - 27th May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held in May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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