News

The field season in this remote province is in full flight, offering investors leverage in abundance. Plus, former analyst helps kaolin IPO and WA iron ore junior set for first sales in new year.

There has been more gold and copper found in WA’s remote Paterson province in recent times than anywhere else in the country. Rio Tinto estimated the shallow resource at its still growing Winu find at 4.4 million ounces of gold and 1.8Mt of copper back in July, and it has also reported high-grade gold hits at the nearby Ngapakarra prospect.

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Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election.

Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election. Australia, which has largely dodged the latest outbreak of Covid-19 that is restricting mobility in Europe and the U.S., did not evade the effects of international market turmoil, but the sell-off here was less severe and more of a correction than a crash.

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Some lenders to Altura Mining (ASX:AJM) have entered into an agreement with Pilbara Minerals (ASX:PLS) allowing it to acquire Altura’s lithium operation in WA for $US175m ($247.8m) (reports Stockhead)

Some lenders to Altura Mining (ASX:AJM) have entered into an agreement with Pilbara Minerals (ASX:PLS) allowing it to acquire Altura’s lithium operation in WA for $US175m ($247.8m) (reports Stockhead).

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Liontown Resources has reported firm commitments from its first capital raising in more than 12 months that were “substantially in excess” of the cash sought to complete the definitive feasibility study for Kathleen Valley

Liontown Resources has reported firm commitments from its first capital raising in more than 12 months that were “substantially in excess” of the cash sought to complete the definitive feasibility study for the 100%-owned Kathleen Valley lithium-tantalum project in Western Australia (reports MiningNews). Liontown has raised A$12.5 million, with $10.3 million from institutional and professional investors, and it will seek shareholder approval for a further $2.2 million from directors.

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RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps).

RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps). The latest results from drilling at the Cummins Range project in the Kimberley region of Western Australia include 37m at 1.4% total rare earth oxides (TREO) and 0.2% niobium oxide. That intersection includes 7m at 3.6% (TREO) and 0.27% niobium, with mineralization beginning at 21m down hole.

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A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market.

A “blue wave” in US politics could become a “green wave” for Australian investors with early signs of a significant recovery developing in the battery metals sector of the stock market. Despite another 11-days of campaigning before the US Presidential election on November 3, early bets are being placed on lithium, nickel and graphite miners in the hope that the Democrat contender, Joe Biden, defeats Donald Trump.

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Pilbara Minerals boss Ken Brinsden says demand fundamentals in the beaten-down lithium market have started to improve and he expects pricing to follow (reports The West Australian).

Pilbara Minerals boss Ken Brinsden says demand fundamentals in the beaten-down lithium market have started to improve and he expects pricing to follow (reports The West Australian). The market for lithium concentrate cratered in 2019 after the world’s biggest buyer China changed its electric vehicle subsidy scheme causing widespread disruption and indigestion across the supply chain.

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After a bumper year, the Goldfields air is thick with anticipation, if not planes. A “potential show-stopper” from Chalice and Greatland on finding gold in the Pilbara among the must-sees

Next week’s Diggers & Dealers bash beneath Kalgoorlie’s big blue sky will be a more sedate affair than usual. That’s a pity because there is lots for the annual gathering of mining and finance-types to celebrate. The Eastern State’s bloc of regular attendees at the three-day conference is trapped back home because of COVID-19, so it is case of them putting out the rubbish and feeding the cat rather than being free to enjoy a Kalgoorlie kebab at 3am.

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