News

Australia’s iron ore producers are riding a perfect storm of reduced Brazilian supply and surging Chinese demand which has lifted the benchmark price of the steel-making material to within sight of the magic $US100 a tonne mark ...

Australia’s iron ore producers are riding a perfect storm of reduced Brazilian supply and surging Chinese demand which has lifted the benchmark price of the steel-making material to within sight of the magic $US100 a tonne mark – before possibly surging to $US120/t. Share prices of every company exposed to iron ore, including Fortescue and Mineral Resources, have moved up sharply, reaching 12-month highs in most cases, but the story of recovery and fresh heights being reached, does not end there.

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An independent review of Strandline Resources’ Coburn mineral sands project near Shark Bay in Western Australia has confirmed no fatal flaws or residual risks...

An independent review of Strandline Resources’ Coburn mineral sands project near Shark Bay in Western Australia has confirmed no fatal flaws or residual risks (reports MiningNews). SRK Consulting reviewed technical, environmental, permitting, product quality and marketing aspects of the project, which will form part of the due diligence process for potential lenders, including the Northern Australia Infrastructure Facility.

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Strandline Resources shares are set for a significant re-rating as the emerging mineral sands producer finalises funding for its big Coburn project in WA, according to research reports published this week...

Strandline Resources shares are set for a significant re-rating as the emerging mineral sands producer finalises funding for its big Coburn project in WA, according to research reports published this week. The company said Coburn had received a clean bill of health from independent experts, including engineers SRK, who found the project would be technically and economically robust. Importantly, no fatal flaws or residual high risks were identified.

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The recent resource upgrade for its flagship Kathleen Valley lithium-tantalum deposit in WA positions Liontown Resources (ASX: LTR) as “exceptionally inexpensive” against its pre-development lithium peers...

The recent resource upgrade for its flagship Kathleen Valley lithium-tantalum deposit in WA positions Liontown Resources (ASX: LTR) as “exceptionally inexpensive” against its pre-development lithium peers, according to Sydney-based Bridge Street Capital. In a new research note, Bridge Street’s veteran resource analyst (and former fund manager) Dr Chris Baker says Kathleen Valley remains “one of the most encouraging lithium pre-development projects in WA” with the new resource sitting “within the top-tier of hard rock lithium projects globally, based on tonnes and grade”.

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Plus, Rex’s strategy to diversify from tardy crow eaters pays dividends and Covid creates opportunities for counter-cyclical investors in the likes of potash explorer Trigg and lithium developer Liontown.

Miners and explorers have adapted smoothly to the world of virtual investor presentations in a COVID-19 world. Only problem with that though is there isn’t a chance to share a couple of beers afterwards with like-minded souls once the computer in the home office has gone back to screensaver mode and the cat wants a pat.

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Corporate moves, including takeovers and fund raising, took the limelight this week as the destabilising effects of the Covid-19 pandemic continued to hit most commodity markets, except gold.

Corporate moves, including takeovers and fund raising, took the limelight this week as the destabilising effects of the Covid-19 pandemic continued to hit most commodity markets, except gold. Chalice led the fund-raising, attracting $30 million in fresh capital to accelerate work at its promising Julimar palladium and nickel discovery near Perth. Such is the interest in Julimar and palladium that Chalice could have raised more than double what it accepted with applications for the new shares, priced at $1.05, totalling $75 million.

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A “rolling bottom” might sound like a medical condition but it’s actually one of the more encouraging signs of normality returning to financial markets

A “rolling bottom” might sound like a medical condition but it’s actually one of the more encouraging signs of normality returning to financial markets. First observers to spot the feature, also known as a “rounding bottom” on graphs which track the world’s economy, were analysts at the investment bank, Morgan Stanley. In a report on the health of global manufacturing, the end-market for Australia’s natural resource exports, the bank asked earlier this week: “Did April mark the bottom for manufacturing purchasing managers indices?”

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Chalice Gold Mines has continued to reveal more encouraging drill results from the Gonneville nickel discovery at its Julimar project 70km north-east of Perth (reports The West Australian)

Chalice Gold Mines has continued to reveal more encouraging drill results from the Gonneville nickel discovery at its Julimar project 70km north-east of Perth (reports The West Australian). The explorer reported today it had intersected significant intervals of matrix and disseminated sulphides to a depth of 460m from a diamond drill hole 190m north of its original discovery hole.

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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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