News

Strandline Resources continues to win strong support from broking houses around the country, with Hartleys the latest to increase its share price target on the emerging mineral sands producer.

Strandline Resources continues to win strong support from broking houses around the country, with Hartleys the latest to increase its share price target on the emerging mineral sands producer. In a new report released this week, Hartleys said its target for Strandline shares is now 42c (current price 27c). Strandline is in the throes of finalising funding for its Coburn project near Shark Bay in WA.

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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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The federal government will provide $150 million in financial backing for a new mineral sands mine in Western Australia that includes secondary rare earths capacity, as it continues to focus on developing critical minerals supply chains (reports The AFR)

The federal government will provide $150 million in financial backing for a new mineral sands mine in Western Australia that includes secondary rare earths capacity, as it continues to focus on developing critical minerals supply chains (reports The Australian Financial Review). The concession loan package for the Strandline Resources project will come from the Northern Australia Infrastructure Facility, which is accelerating allocations from its $5 billion funding pool.

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At first blush, Fenix Resources seems to be hearkening back to the boom days of 2012 with its plan to mine an iron ore deposit at Iron Ridge (reports The West Australian).

At first blush, Fenix Resources seems to be hearkening back to the boom days of 2012 with its plan to mine an iron ore deposit at Iron Ridge (reports The West Australian). The single project company has only a small resource 600km north-north-east of Perth and plans trucking its ore a mind-numbing 490km to Geraldton for export. But on closer examination of the numbers and prevailing market conditions, it seems the stars might just be starting to align for the unlikely project.

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Rarex executive director Jeremy Robinson says management is finding it “hard to tear ourselves away from the Trundle copper-gold porphyry joint venture exploration project in New South Wales at the moment”

Rarex executive director Jeremy Robinson says management is finding it “hard to tear ourselves away from the Trundle copper-gold porphyry joint venture exploration project in New South Wales at the moment”, with very keenly awaited drilling assays expected over the next 2-4 weeks (reports MiningNews). Deep holes at the Trundle Park and Mordialloc have both given the company and its Canada-listed partner Kincora Copper strong encouragement, with the latter prospect reportedly particularly promising.

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Rio has spent a month provoking the world’s escalating abhorrence with iterative, disingenuous, pedantic and qualified apologies (reports The Australian Financial Review).

Rio has spent a month provoking the world’s escalating abhorrence with iterative, disingenuous, pedantic and qualified apologies (reports The Australian Financial Review). Nearly a month since Rio Tinto detonated the Juukan Gorge caves over the protests of their traditional owners, the mining giant’s chairman, Simon Thompson, nailed his apology on the first attempt. “On behalf of the Rio Tinto board, I would like to apologise to the Puutu Kunti Kurrama and Pinikura people,” Thompson said on Friday.

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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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Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN)

Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN) 100%-owned Julimar Nickel-Copper-PGE Project, located just ~70km north-east of Perth in Western Australia. Three rigs (two RC and one diamond) are currently drilling at the Gonneville Intrusive, where Chalice recently made a high-grade Ni-Cu-PGE discovery in March 2020.

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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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