News

Just a week after announcing a maiden inferred resource, sulphate of potash (SOP) hopeful Trigg Mining (ASX: TMG) has launched a test pumping program, along with trenching, as it works to bump that resource into the indicated category (reports Small Caps)

With 5,720m of drilling completed, the only additional information needed to lift Lake Throssell project the indicated category is test pumping and additional aquifer property data. The project is located 170km east of Laverton on the Great Central Road connecting Laverton to Alice Springs. The transition from inferred to indicated will form the basis of a scoping study and help estimate flow rates for potential SOP production.

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Move over lithium, graphite, cobalt and copper: manganese is fast emerging as the next battery metal story to titillate investors (reports Stockhead).

The back story is similar: with manganese usage dominated by China and supply emanating from largely unattractive or unreliable geographies, western world car and batter makers are desperate to get their paws on the processed high-grade material. For eons, manganese has been used as a strengthening agent in steel. Ninety percent of output is deployed in this way and given the strength of Chinese steelmaking – as reflected in record iron ore prices – this sector is attractive in itself.

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The Pilbara Minerals founder plans to do it all again. And Liontown’s new MD is embarking on a roadshow of his own to explain the key points of difference around his company’s big WA lithium project.

It is almost six years since Neil Biddle hit the Eastern States on a roadshow for a then-obscure little thing called Pilbara Minerals. Pilbara (PLS) was trading at 5c a share at the time for a market cap of $32 million and it has to be said that Biddle got a lot of confused looks from investors at the June 2015 investor lunches in Brisbane, Sydney and Melbourne. Pegmatites? Spodumene? Lithium? Electric vehicle revolution? What was he on about? Pass the bottle.

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Copper up. Gold up. It’s an unusual double-barreled event because rising copper is a pointer to strong future economic activity, while gold is a safe haven for uncertain times, so when both rise at the same time it makes for tricky forecasting.

Copper up. Gold up. It’s an unusual double-barreled event because rising copper is a pointer to strong future economic activity, while gold is a safe haven for uncertain times, so when both rise at the same time it makes for tricky forecasting. Layer on top of those two key commodities moving in tandem with rising interest rates and a whiff of inflation, and it is doubtful that there has ever been a more complex brew of conflicting signals.

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Speculators are pushing iron ore prices to silly levels. But beneath this, surging demand and Australia’s stubbornly static supply are driving the market (reports Chanticleer in The Australian Financial Review).

Speculators are pushing iron ore prices to silly levels. But beneath this, surging demand and Australia’s stubbornly static supply are driving the market (reports Chanticleer in The Australian Financial Review). It’s not often bitcoin and iron ore appear in the same sentence, but the incredible rise in the spot price of the latter – iron ore is now up 20 per cent in a week – suggests they have at least one thing in common just now.

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After a successful, expanded first-pass aircore drilling program over its flagship Lake Throssell project in Western Australia

After a successful, expanded first-pass aircore drilling program over its flagship Lake Throssell project in Western Australia, Trigg Mining has revealed an “outstanding” maiden inferred resource that it believes can underpin a sizeable sulphate of potash hub (reports MiningNews). Lake Throssell's inferred resources are estimated at 14.2 million tonnes grading 10.34 kilograms per cubic metre of potassium sulphate, which increases the company's total resource inventory near Laverton to 20Mt when added together with the smaller Lake Rason project.

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Sprott’s spot plan a strong tailwind for Boss. Plus, copper stocks show uranium peers what boom times are like as investors throw cash at them.

It’s game on in the uranium market. If there is any doubt about that, take a look at the share price performance of a clutch of ASX-listed explorers in the past week. Boss Energy (BOE) up 25%, Vimy (VMY) up 16%, Deep Yellow (DYL) up 25%, and Marenica up 40%. The share price gains are a response by the long-beaten-up sector to a cascade of positive developments over the same time frame.

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Macquarie Bank’s headline-grabbing iron ore price forecast last week of $US200 a tonne for later this year has been raised by Citi, a rival bank, which reckons the ore price could stretch out to $US210/t in the September quarter.

Macquarie Bank’s headline-grabbing iron ore price forecast last week of $US200 a tonne for later this year has been raised by Citi, a rival bank, which reckons the ore price could stretch out to $US210/t in the September quarter. “No turn of the iron ore tide just yet,” is how Citi summed up a red-hot commodity even as it eased back below $US190/t this week but which continues to be driven by global economic stimulus spending and the return of consumers armed with trillions of dollars in the U.S.

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