Plus, soaring gold price triggers big bounce in Millennium shares
There were many factors behind the 2017 Pilbara conglomerate gold bubble.
But what really pumped up things was one of the great mining promotional events of our time.
The September 2017 event was orchestrated by the lead company in the bubble, Canada’s Novo Resources Corp (TSX-V:NVO).
Novo organised what’s known in the TV game as a live cross from the Denver Gold Forum to its Purdy’s Reward conglomerate project near Karratha in the Pilbara, a 50:50 joint venture with the ASX-listed Artemis (ARV).
Load up with gold and head for the hills or rush into industrial metals and oil
Load up with gold and head for the hills or rush into industrial metals and oil. That seems to be your choice from Monday, when a new financial year kicks off and we’ll know whether Trump and Xi shook hands and smiled – or not!
The handshake the world wants to see could occur today or tomorrow when Chinese President Xi Jinping is expected to have a face-to-face meeting with US President, Donald Trump at the G20 summit in the Japanese city of Osaka.
The final assays from Liontown Resources’ resource expansion drilling continued to support the company’s view the mineralised pegmatites at Kathleen Valley are merging at depth to form a single, 35-75m thick orebody
The final assays from Liontown Resources’ resource expansion drilling continued to support the company’s view the mineralised pegmatites at Kathleen Valley are merging at depth to form a single, 35-75m thick orebody (reports MiningNews).
Recent hits include 83m at 1.5% lithium oxide, including 4m at 2.8% Li2O from 266m and 20m at 1.9% Li2O from 285m; and 53m at 1.6% Li2O from 289m including 15m at 2% Li2O from 300m and 18m at 1.8% Li2O from 321m.
Plus, the bulls are running on Highfields’ Spanish potash project after receipt of environmental permit
Persistence in the Chilean coastal range is about to pay off handsomely for ASX-listed Hot Chili (ASX:HCH).
It has just reported a top-40 porphyry copper-gold hit at its recently optioned Cortadera project, near the iron ore mining town of Vallenar and 700km north of Santiago. It’s a game-changer, but first some history.
A recovery could also see the next generation of graphite producers such as Battery Minerals and Kibaran spring to life. Plus, pending BFS could re-rate Orion shares
Leading graphite stock Syrah Resources (SYR) has been beaten up something shocking ever since it turned on its Balama operation in Mozambique.
The fall from grace – it’s down from $2.80 a year ago to $1.07 this week – has a lot to do with teething problems at the concentrate processing plant.
But the real issue is that the $US1, 000/t average price for Balama concentrates forecast in the May 2015 feasibility study has proved to be complete nonsense.
Pilbara Minerals boss Ken Brinsden says the jury is still out as to whether the company will build a downstream processing plant in WA
Pilbara Minerals boss Ken Brinsden says the jury is still out as to whether the company will build a downstream processing plant in WA as part of a proposed joint venture agreement over its Pilgangoora lithium-tantalum project near Port Hedland (reports The West Australian).
Kibaran Resources has flagged plans for a $US23 million ($33 million) graphite-processing plant at Kwinana representing another lift to the area’s growing reputation as Australia’s Lithium Valley (reports The West Australian).
The West Perth-based aspiring graphite producer yesterday announced it had secured a 4ha site for the plant 30km south of Perth as part of a broader strategy of becoming a multi-hub producer of battery-grade graphite, with similar facilities planned for Asia and Europe.
Plus, Sunstone chief upbeat on porphyry drilling with assays imminent and PolarX validates its exploration strategy with $70m Lundin deal
Pilbara Minerals (PLS) was the big lithium presence at this week’s Resources Rising Stars conference, where there was lots of discussion about Tesla wankers and whether the electric vehicle revolution was real.
After braving unusually cold weather on the Gold Coast at a knees up the night before beneath giant tepees erected on the green at the RACV’s Royal Pines resort, Pilbara CEO Ken Brinsden told the assembled throng that it will only be a “matter of time before we all become Tesla wankers”.