News

Geochemical sampling results rarely warrant a standalone research note from a mainstream broking firm.

Geochemical sampling results rarely warrant a standalone research note from a mainstream broking firm. But in the case of Liontown Resources’ (ASX: LTR) announcement from its Moora project in WA this week, the scale and tenor of its results – and the project’s location at the northern end of the exciting new Julimar nickel province – prompted analyst Dr Chris Baker from Bridge Street Capital to delve into the detail.

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Its Misima project in PNG is seen as the main game, but Kingston could find some easy pickings in white-hot WA gold country. Plus, Centaurus’ nickel success shows we were right to name it as the pick of the bunch at last year’s Diggers & Dealers

Kingston (ASX:KSN) is adding WA gold newsflow to its story while pushing on with development planning for its now wholly-owned 3.2 million ounce Misima gold project in PNG, one of the biggest gold resources held by a junior in the ASX space. The WA gold leg is Kingston’s Livingstone gold project near Meekatharra where previous drilling returned good grade shallow oxide mineralisation, and where a recent structural review pointed to the potential for large-scale primary gold mineralisation in bedrock at depth.

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No prize for guessing that gold was the top performing commodity in the first six months of 2020

No prize for guessing that gold was the top performing commodity in the first six months of 2020, up 17%, but there might be more to gain from picking the next winner and while it’s a long shot, there were more hints this week of a lithium revival. The rush into gold saw it reach $US1790 an ounce on Monday (with futures reaching $US1800/oz) before profit-takers moved in, providing a double-barreled lesson for investors, with the first being that events in the US are the key to the gold price and that the higher a commodity rises, the more sellers it attracts.

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Lithium prices were under sustained pressure from the outset in 2020 and then along came the coronavirus, prolonging weakness in the market as supply chains were de-stocked (reports Sharecafé).

Lithium prices were under sustained pressure from the outset in 2020 and then along came the coronavirus, prolonging weakness in the market as supply chains were de-stocked (reports Sharecafé). Now, the global economy is forecast to contract in 2020 and industrialised countries to suffer the most. Industrial usage for lithium represents around 40% of demand and this is expected to contract over 2020 before rebounding in 2021.

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One door shuts and another opens. That’s the best way to see this week’s change-over in commodity market sentiment

One door shuts and another opens. That’s the best way to see this week’s change-over in commodity market sentiment as iron ore started its inevitable decline after a spectacular 12-months to be replaced by strong demand and higher prices for copper, nickel and gold. The flip will not be immediate or universal but the trend is there for anyone to see, once you get past the latest outbreak of Covid-19 panic in the US and other parts of the world, including Australia’s own problem State, Victoria.

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Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years.

Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years. Analysts believe the wave of stimulus spending by global governments to aid the recovery from the COVID-19 pandemic will drive demand for commodities. "We believe a mini-upcycle in commodities started in April 2020 (a month after the low in equities)," Macquarie said.

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Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR)

Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR), with a Speculative Buy recommendation and 19cps valuation, well north of its recent trading price of 10-11c. In a detailed research report released this week, Bell Potter analyst Stuart Howe says Liontown is positioned to develop an “attractive project” at its flagship Kathleen Valley project in WA as the lithium market’s fundamentals are expected to significantly improve and support higher prices.

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Plus, Pilbara Minerals’ chief Ken Brinsden explains why the lithium story is no flash in the pan, with many more big mines needed to satisfy looming demand wave

Premier Daniel Andrews’ “why would you want to go there’’ jab in response to being left out of South Australia’s travel bubble had a certain irony about it for active mineral explorers in his state of Victoria. Stavely Minerals’ (ASX: SVY) executive chairman Chris Cairns said this week that when the company listed on the ASX in 2014 in a $6.1 million float focused on the big-time copper potential of the Stavely volcanic belt in western Victoria, he was often asked: why Victoria?

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11th Aug 2020

Investor webinar featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining

Join us for our next investor webinar on Tuesday, 11 August 2020 featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining.

10th - 11th Nov 2020

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 indefinite ban on large indoor gatherings and in

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