News

Fenix Resources is looking to make a final investment decision on its Iron Ridge mine near Cue next month to be in production by the end of the year (reports MiningNews)

Fenix Resources is looking to make a final investment decision on its Iron Ridge mine near Cue next month to be in production by the end of the year (reports MiningNews). The November feasibility study outlined capital costs of just A$11.9 million for a 6.5-year operation producing 1.25 million tonnes of high-grade "a straight DSO product" per annum at C1 costs of $76.86 per tonne. Fenix managing director Rob Brierley told a Resources Rising Stars virtual event that while cash costs were "quite high", margins would be good at current prices.

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Stavely Minerals continues to be surprised “by the incredible consistency and continuity of mineralisation” in the Cayley Lode, part of the Thursday’s Gossan copper-gold discovery in Victoria (reports Stockhead).

Stavely Minerals continues to be surprised “by the incredible consistency and continuity of mineralisation” in the Cayley Lode, part of the Thursday’s Gossan copper-gold discovery in Victoria (reports Stockhead).

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Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years

Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years. The problem with the no-rate increase comments from the Federal Reserve chairman Jay Powell is that while they might be good for gold, they reflect a downbeat outlook for US and global growth.

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Gold took a back seat to other commodities this week as investors decided that the Covid-19 pandemic is over and it’s time to make some money.

Gold took a back seat to other commodities this week as investors decided that the Covid-19 pandemic is over and it’s time to make some money. It might be stretching the point but one interpretation of recent events is that financial markets have “de-coupled” from politics and assorted health and public order concerns such as those seen in US unrest.

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Mineral sands junior Strandline Resources has made big improvements to the financial metrics for its potential A$260 million Coburn development in Western Australia as it works on “finalising” project funding (reports MiningNews)

Mineral sands junior Strandline Resources has made big improvements to the financial metrics for its potential A$260 million Coburn development in Western Australia as it works on “finalising” project funding (reports MiningNews). he project's pre-tax numbers include an NPV increasing 28% to $705 million and an IRR going from 32% to 37%, while average annual earnings (EBITDA) have risen from $86 million to $104 million.

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There is mounting evidence that beleaguered Brazilian iron ore giant Vale will battle to achieve guidance as Australia’s biggest producers reap the rewards of a price rally (reports The Australian Financial Review). A berth-by-berth analysis of global shipping by Macquarie Wealth Management shows Vale continues to lag behind its guidance targets even after an improvement the past fortnight.

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The first whiff of a sustainable economic recovery wafted across the Australian economy this week, boosting banks and miners of industrial metals while rubbing some of the gloss off gold stocks....

The first whiff of a sustainable economic recovery wafted across the Australian economy this week, boosting banks and miners of industrial metals while rubbing some of the gloss off gold stocks. Reserve Bank Governor, Philip Lowe, painted a rosy picture about the outlook when addressing a Senate committee yesterday with his words forming the basis for the all ordinaries index cracking the 6000-point market for the first time since early March.

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RareX has legacy leases in the Lachlan Fold Belt in eastern Australia, with some initial results that excited the market, but the junior is chiefly concerned with the development of the Cummins Range rare earths project in the west, where its work has just confirmed high neodymium-praseodymium enrichment (reports MiningNews).

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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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