News

Those being nibbled, with some success, it must be said, include Legend Mining, Bardoc Gold, Alice Queen and Strandline Resources.

There are tentative signs that bottom feeders are stepping up their activity in the junior exploration/developers space. They are nibbling away at those stocks with smashed values (all of them) but which stand out as leveraged plays to the upside thanks to their quality projects and because they have the cash to make things happen. The step-up goes to the idea that as explorers are explorers, and future developers are future developers, they don’t have to worry about the widespread impacts and uncertainties caused by COVID-19 like the miners do.

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Outages, shortages and mine closures are emerging as an important price-moving factor in the resources sector, with uranium making a surprise return to the winner’s circle this week...

Outages, shortages and mine closures are emerging as an important price-moving factor in the resources sector, with uranium making a surprise return to the winner’s circle this week thanks to a major mine in Canada being mothballed for at least a month. While not in the same league as last year’s outage events in the Brazilian iron ore industry, which put a rocket under the iron ore price, the Covid-19-caused loss of uranium supply from Cameco’s Cigar Lake mine gave the nuclear fuel a 15% price boost.

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Plus, Chalice and Alkane do the business with the drill bit, Bellevue and Red 5 show there is still money for good projects and Tietto hits visible gold

It’s not a great time to be laying out a company’s future in the form of a definitive feasibility study. But at least in the case of nickel stock Mincor (ASX:MCR) it can be said the DFS has confirmed robust economics for its planned restart of its Kambalda operations, with first production pencilled in for the December quarter next year.

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High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector.

High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector. It wasn’t all good news, it never is, with leading gold producer, Northern Star, suffering a “coronavirus-related” setback which rubbed the gloss off its share price.

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Efforts to alleviate the impact of the COVID-19 pandemic such as travel bans and other restrictions have led some resource companies, particularly those with operations overseas, to defer or suspend work. However, there are some companies that are going ahead with work to advance their projects.

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Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week

Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week, leading to the question of what’s next. In a word, drought, and the lessons investors can learn from farmers when they hit a dry patch. The first things farmers don’t do is panic because they know that in Australia drought is as natural as flood.

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Andrew Forrest-backed Mincor Resources has reported strong infill drilling success at its Cassini nickel deposit near Kambalda, as well as an “exciting” exploration hit 400m north of the main resource (reports MiningNews). The exploration result of 7.7m at 1.4% nickel (including 0.5m at 7.5% nickel) from "early drilling" at Cassini North has the company hoping it's "onto a similar channel to Cassini Main". At the latter, an infill hit of 8.2m at 7.6% nickel is estimated to have a true width of 4.7m.

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Lucapa Diamond Company has delivered a 25% increase in resources to more than 100,000 carats at its Lulo alluvial diamond mine in Angola, delivering the largest resource estimate in the project’s history (reports MiningNews). That's after mining depletion for 2019 of 19,000ct at the 40%-owned Lulo operation.

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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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