News

Sentiment in the junior mining space has reached “peak despondency” and could be ripe for a turning point, according to a respected fund manager (reports The West Australian). Delivering the keynote address at the Resources Rising Stars conference on the Gold Coast, Lion Selection Group investment manager Hedley Widdup says a resurgence in M&A activity at the major end of the resources sector could usher in growing interest in the junior end of the market as the big players go looking for growth.

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Plus, investors’ eyes turn to PolarX as the new field season beckons

The Kambalda nickel camp is stirring again some 53 years after WMC (acquired by BHP in 2005) drilled the KD1 discovery hole, with Mincor boss David Southam positioning the company to be in the thick of things. The Vietnam War and prolonged nickel mine strikes in Canada underpinned the nickel price spurt which led to WMC’s breakthrough discovery at Kambalda, 60km south of Kalgoorlie.

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Battery-metal news livened up the Australian market in a week dominated by post-election analysis

Battery-metal news livened up the Australian market in a week dominated by post-election analysis, high iron ore prices, the return of coal to the winner’s circle and the first worrying signs that Dr Copper might be catching a trade-war cold. Five battery-linked events, two in lithium and one in each of graphite, rare earths and nickel, served as a reminder that battery-metals remain a sector with significant growth potential for Australian investors.

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BHP has raised its forecast for the adoption of electric vehicles worldwide (reports The Australian Financial Review).

BHP has raised its forecast for the adoption of electric vehicles worldwide (reports The Australian Financial Review).

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Veteran resource analyst and former fund manager Dr Chris Baker from Bridge Street Capital Partners in Sydney has upped his interim valuation of emerging lithium miner Liontown Resources (ASX: LTR) from 11c to 20c a share on the back of the latest outstanding drilling results from its Kathleen Valley deposit in WA. Baker says the latest drilling, including a spectacular recent intercept of 90m at 1.3% Li2O, underpins the potential for a resource of greater than 60 million tonnes at 1.4% Li2O and a possible mine life of 25 years.

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Kidman Resources shareholders will vote on Wesfarmers’ $776 million takeover offer in August after the lithium miner entered into a scheme implementation deed with the WA-based conglomerate (reports The Australian). Kidman said its board had concluded that the bid was in the best interest of shareholders and recommended they vote in favour of the scheme. Under the agreement, it is proposed that Wesfarmers will acquire 100 per cent of the shares in Kidman at $1.90 per share - a 47.3 per cent premium on the last closing price for Kidman shares on May 1.

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And the word from on high is good news for leveraged battery juniors like Mincor and Liontown; Plus, Bellevue dangles the resource-upgrade carrot and analysts line up to tip big things for Strandline

FOMO among major miners BHP and Rio Tinto was on full display in Barcelona this week at the Bank of America Merrill Lynch mining conference. And it had nothing to do with whether they would be invited by the fun people to the various knees-ups up at the tapas bars up down La Rambla. Nope, it was all about the major miners declaring they were part of the electric vehicle and renewable energy storage revolution.

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The dead hand of Australian politics took a firm grip of the stock market

The dead hand of Australian politics took a firm grip of the stock market in the days before Saturday’s election despite abundant evidence that a number of sectors appear poised to move up sharply, led by gold, oil, iron ore and nickel. Gold and oil are the stand out opportunities as the Middle East heads towards a US v Iran showdown, potentially with severe implications for oil and LNG shipping movements along the world’s energy highway, the Persian Gulf.

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3rd Dec 2019

RRS Summer Series 2019 - Sydney Conference

One-day investor conference in Sydney on Tuesday 3 December 2019.

5th Dec 2019

RRS Summer Series 2019 - Brisbane Conference

One-day investor conference in Brisbane on Thursday 5 December 2019.

1st - 31st 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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