News

A respected London-based analyst has predicted the iron ore price will remain at $US80/t or higher for the next three years, providing a critical boost for the WA economy as it recovers from a COVID-19-led recession (reports The West Australian)

A respected London-based analyst has predicted the iron ore price will remain at $US80/t or higher for the next three years, providing a critical boost for the WA economy as it recovers from a COVID-19-led recession (reports The West Australian). Fitch Solutions has maintained its forecast for the price of the steel-making commodity this year at $US85/t but now predicts prices will rise to $US90/t next year as the Chinese economy recovers from the pandemic and lifts its already strong steel production further.

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And speaking of De Grey, Fraser Range pops up as a neighbour, adding another string to its bow...

Leonora gold explorer/developer Kin Mining is back on the radar after Kerry Harmanis of Jubilee Mines nickel fame took the opportunity presented by Kin’s recent capital raising to increase his stake from 15.2% to 17.1%. Harmanis is the guy who built Jubilee from a spec stock to the $3.1 billion company that Mick Davis’ Xstrata took over in 2007. To Harmanis’ credit, he has continued to be a supporter of junior explorers ever since. Kin (ASX:KIN) has been one of those.

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The road back to normality started this week as Covid-19 infections faded, but shrewd investors will be watching carefully for potholes while also recognising that the smoothest ride will be on a street paved with gold...

The road back to normality started this week as Covid-19 infections faded, but shrewd investors will be watching carefully for potholes while also recognising that the smoothest ride will be on a street paved with gold. Encouraging as the public health news might be, the reality is that the global economy has taken a fearsome pounding with a very real risk of regression into extended lockdowns and double-dip downturns for countries which rush their return.

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Amid grim times in the WA junior sector, Chalice Gold Mines is proving that a genuine greenfields mineral discovery will always capture the imagination of the market (reports The West Australian). The company’s recently revealed nickel sulphide find on the doorstep of Perth has sent its shares soaring from about 20¢ last month to more than $1. Chalice managing director Alex Dorsch admits it’s a “bizarre time” to make a discovery.

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Gold and oil were the big movers on the market this week, albeit in different directions, with gold up, and said to be heading for $US3000 an ounce, and oil so far down that it went below zero in some futures contracts

Gold and oil were the big movers on the market this week, albeit in different directions, with gold up, and said to be heading for $US3000 an ounce, and oil so far down that it went below zero in some futures contracts. That gold-price tip wasn’t from a fly-by-night investment adviser. It came from the normally cautious Bank of America, which jacked-up its gold forecast by 50% from a long-standing forecast of $US2000/oz.

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Strandline Resources has secured two thirds of revenue for its Coburn mineral sands project in Western Australia after signing three binding offtake agreements with international companies (reports Business News)...

Strandline Resources has secured two thirds of revenue for its Coburn mineral sands project in Western Australia after signing three binding offtake agreements with international companies (reports Business News). The agreements cover Coburn’s entire ilmenite and zircon concentrate for the first five years of production as well as a substantial portion of premium finished zircon product, Strandline says.

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Shares in Centaurus Metals (ASX: CTM) were up 38% in early trade yesterday after the company reported high-grade nickel results from the Jaguar South deposit in Brazil (reports MiningNews).

Shares in Centaurus Metals (ASX: CTM) were up 38% in early trade yesterday after the company reported high-grade nickel results from the Jaguar South deposit in Brazil (reports MiningNews). Shallow high-grade intercepts included 37.7m at 2.11% nickel, 0.28% copper and 0.04% cobalt from 109.4m, including 3.7m at 8.55% nickel, 0.43% copper and 0.12% cobalt and 5.9m at 5.45% nickel, 1.15% copper and 0.11% cobalt; and 21.8m at 2.65% nickel, 0.13% copper and 0.06% cobalt from 22.2m, including 16.1m at 3.07% nickel, 0.14% copper and 0.07% cobalt.

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24th April 2020

The discovery of palladium near the Julimar State Forest between Toodyay and Bindoon promises to be a game-changer in more ways than one for WA (reports Tim Treadgold in Business News). Not only could Julimar plug a hole in the state’s minerals inventory by becoming the first palladium mine at a time when the precious metal is in high demand in the catalytic converters of petrol-powered vehicles, it could rekindle interest in what other metals might be found along the boundaries of the Darling Scarp.

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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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