News

US Federal Reserve officials stressed that risks to the US economy remained elevated as they agreed to put interest rates on hold following their third cut this year (reports The Australian Financial Review).

US Federal Reserve officials stressed that risks to the US economy remained elevated as they agreed to put interest rates on hold following their third cut this year (reports The Australian Financial Review). Many participants saw downside risks to the economic outlook as elevated, "further underscoring the case for a rate cut at this meeting,'' according to minutes of the October 29-30 Federal Open Market Committee session released Wednesday (Thursday AEDT) in Washington.

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Strategic metals developer TNG Limited (ASX: TNG) is expected to make a final investment decision for its $824 million Mount Peake vanadium-titanium-iron project in the NT by mid-2020, according to a new research note by Sydney-based equities research outfit Independent Investment Research. IIR has provided an “indicative base case technical valuation” for the company of more than $1 billion, or 36.9c per share, well above its current share price of 9.5c.

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Historical evidence suggests gold mining equities are about to take off, fund manager Ronald-Peter Stoferle told delegates at the Zurich Precious Metals Summit (reports MiningNews). Stoferle, a fund manager at Liechtenstein-based Incrementum AG and author of an annual report entitled ‘In gold we trust', said the pattern of mining equity performance in every bull market since 1942 suggested a steep rise - or "euphoria" as he put it - typically seen at the end of an uptrend, was still to come.

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Supply cuts and renewed optimism of a deal to end the China v US trade war triggered a modest realignment this week by investors

Supply cuts and renewed optimism of a deal to end the China v US trade war triggered a modest realignment this week by investors who shifted funds into industrial commodities and away from gold and other safe havens. How long that trend can continue will be very much influenced by political factors unfolding around the world, from Brexit in the UK to impeachment speculation in the US and civil unrest in Chile and other important South American copper-producing countries.

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It’s been a crazy run for advanced hard rock explorer Liontown Resources (ASX:LTR), a stock which has consistently flipped the bird at weak lithium market sentiment to be up 400 per cent over the past 12 months

It’s been a crazy run for advanced hard rock explorer Liontown Resources (ASX:LTR), a stock which has consistently flipped the bird at weak lithium market sentiment to be up 400 per cent over the past 12 months (reports Stockhead). Liontown’s flagship Kathleen Valley project in WA boasts a current resource estimate of 74.9 million tonnes, which already makes it the 5th biggest deposit in Australia.

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The evidence is mounting. For lithium prices — and accompanying sentiment — an upswing is on the horizon (reports Stockhead). This is especially welcome news for beleaguered ASX-listed producers, like Pilbara Minerals (ASX:PLS), Altura Mining (ASX:AJM), Galaxy Resources (ASX:GXY), and Orocobre (ASX:ORE) which have been shedding market cap at a rapid rate.

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Plus, the nickel planets look to be lining up for Mincor and its latest find

Junior explorers/developers vacated the WA iron ore space in a hurry back in 2011-12 when the iron ore price began its almighty slide from $US168/t down to $US55/t in 2015. But a couple of dam tragedies in Brazil and an annual global steelmake that has continued to surprise to the upside resulted in the iron ore price steadily rebuilding to an impressive $US102/t in the September quarter. Add in the lower exchange rate and iron ore is again a licence to print money for the big three of the WA industry – Rio Tinto, BHP and Fortescue.

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Plus, Canterbury holds its breath ahead of Queensland copper assays and Strandline’s big WA mineral sands project on track to secure funding from the Government’s Northern Australia Infrastructure Facility.

Demand for stock in Stavely Minerals’ (SVY) $19.6 million placement at a $1 a share in the wake of its high-grade copper hits at the Thursday’s Gossan project in Western Victoria was a staggering $100 million. Hits like 32m at 5.9% copper and individual assays of up to 40% copper have obviously fired up interest in the discovery, with Stavely only stopping at $19.6m because that was the threshold for proceeding without the need for shareholder approval.

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26th - 27th May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held on the 26th & 27th May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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