News

Strandline Resources had pulled the trigger on a new mineral sands mine in Western Australia undaunted by emerging skills and labour shortages in the state (reports The Australian Financial Review).

Strandline Resources had pulled the trigger on a new mineral sands mine in Western Australia undaunted by emerging skills and labour shortages in the state (reports The Australian Financial Review). The company announced the final investment decision on its $338 million Coburn project on Tuesday and will start work immediately after locking in key contractors well in advance.

read more

Six weeks after Tolga Kumova-backed Firebird Metals marked its debut on the Australian Securities Exchange by tripling in price, another Pilbara manganese explorer, Black Canyon, today made its market debut (reports MiningNews).

Six weeks after Tolga Kumova-backed Firebird Metals marked its debut on the Australian Securities Exchange by tripling in price, another Pilbara manganese explorer, Black Canyon, today made its market debut (reports MiningNews). However, Black Canyon was unable to hit the same heights as Firebird, although it did spike as much as 65% during the session at 33c. The explorer opened up 50% at 30c, trading as low as 29.5c, before closing at 50c after four million shares were traded.

read more

Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months.

Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months. The alert from Fitch, a leading credit rating agency, recognises the challenge of trying to buy high-priced individual assets and the need for bidders to make a full takeover for the parent company.

read more
30th April 2021

Chalice Mining’s share price continues to rally to new highs as analysts speculate over the size of its Julimar discovery outside Perth (reports MiningNews).

Chalice Mining’s share price continues to rally to new highs as analysts speculate over the size of its Julimar discovery outside Perth (reports MiningNews). Chalice said last week that it was delaying its hotly anticipated maiden resource from mid-year until the end of the third quarter because the deposit just keeps getting bigger. The company reported 165 high-grade intersections from the seven-rig drill-out of the Gonneville Intrusion, which is now about 1.8km long by 900m wide.

read more

New Mid West iron ore producer Fenix Resources successfully completed four shipments in the first quarter, having dispatched its maiden cargo in mid-February (reports MiningNews).

New Mid West iron ore producer Fenix Resources successfully completed four shipments in the first quarter, having dispatched its maiden cargo in mid-February (reports MiningNews). After a few vessel-related teething issues, and one unfortunately-timed COVID lockdown, Fenix managed to sell 200,000 tonnes of iron ore at an average sales price of US$156/t in the March quarter.

read more

Aspiring mineral sands miner Strandline Resources has struck an LNG supply deal with the Woodside-EDL joint venture for its Coburn project near Shark Bay (reports The West Australian).

Aspiring mineral sands miner Strandline Resources has struck an LNG supply deal with the Woodside-EDL joint venture for its Coburn project near Shark Bay (reports The West Australian). The joint venture will supply trucked LNG to the project from Woodside’s Pluto operation as part of a 10-year supply agreement with Strandline. The Luke Graham-led company said the deal meant the overall cost of power at Coburn would be lower than forecast in its definitive feasibility study for the project.

read more

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews).

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews). The company received 165 high-grade intersections from the seven-rig drill-out of the Gonneville Intrusion, which is now about 1.8km long by 900m wide. The drilling expanded the G4-G11 zones to the north-east and the G1-G2 zones down-dip. G4 is now 1250m long with up to 600m of dip extent, while G11 is 1200m long with up to 300m of dip extent. Both are open to the north and down-dip.

read more

Things could hardly be better for BHP and its shareholders (reports The Australian Financial Review).

Things could hardly be better for BHP and its shareholders (reports The Australian Financial Review). With just 2½-months to go in the financial year, the mining giant’s March quarter production numbers released on Wednesday suggest it is on the cusp of beating its own iron ore export target for shipments in the full year of 286 million tonnes.

read more

Upcoming Events

View All

14th - 15th Oct 2021

The Boom in a Room - Investor Conference

Click here to watch the session recordings from The Boom in a Room Investor Conference 2021.  

© 2021 Resources Rising Stars All Rights Reserved