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And now Liontown, Chalice’s stablemate and neighbour, is looking for a Julimar of its own in ‘similar geological terrain’ while Cassini says me-too. Plus, there’s a new Canadian player in the Victorian gold game and action aplenty at Navarre.

STOP PRESS: It was mentioned here back in January that 2020 was shaping up as a big year for Strandline (ASX:STA) as it set about delivering the big-time potential of its zircon-rich Coburn project in WA’s Mid-West. Interesting to see then that Strandline went into a trade halt late yesterday pending an announcement on the “execution of material commercial agreements for the Coburn mineral sands project”.

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Discovery and development news, plus a rare “speeding ticket”, were highlights of what has been one of the better weeks for Australian resources stocks since the coronavirus flattened confidence

Discovery and development news, plus a rare “speeding ticket”, were highlights of what has been one of the better weeks for Australian resources stocks since the coronavirus flattened confidence, with fingers crossed that the trend can continue. Chalice Gold led the way with a 50c (80%) rise to 99c after releasing fresh results from its Julimar nickel and palladium discovery near Perth, a find with the potential to become Australia’s first palladium mine.

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Shares in Chalice Gold Mines skyrocketed after the explorer confirmed a nickel-palladium discovery on Perth’s doorstep

Shares in Chalice Gold Mines skyrocketed after the explorer confirmed a nickel-palladium discovery on Perth’s doorstep (reports The West Australian). The Tim Goyder-chaired company this morning said recent drilling at its Julimar project, 70km north-east of Perth, had intersected a new wide, high-grade palladium-nickel-copper zone about 60m east of its original discovery hole reported last month.

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In June 2019, Norway’s central bank lifted an 11-year investment blockade of Rio Tinto.

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Strandline Resources, Allegiance Coal and Aguia Resources are raising cash and securing product off-take contracts – an extremely tough ask for any project developer in the current subdued environment...

Strandline Resources, Allegiance Coal and Aguia Resources are raising cash and securing product off-take contracts – an extremely tough ask for any project developer in the current subdued environment (reports Stockhead ). It appears to be ‘business as usual’ for Strandline Resources (ASX:STA), which has inked a $US26m ($43.3m) finance facility to develop the Fungoni mineral sands project in Tanzania.

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It’s a rare day when the closure, however temporary, of copper mines in Panama and Zambia means anything to Australian investors...

It’s a rare day when the closure, however temporary, of copper mines in Panama and Zambia means anything to Australian investors, but what happened in those countries this week is the latest example of how a supply cuts are helping support commodity and share prices. Both closures, the Cobre mine in Panama and Mopani in Zambia, were caused by concern about coronavirus infections as well as the low copper price, adding to a theme of outages and shortages, especially in the uranium sector, explored in this column last week.

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Broker Shaw and Partners has put a 32c price target on emerging mineral sands miner Strandline Resources...

Broker Shaw and Partners has put a 32c price target on emerging mineral sands miner Strandline Resources – more than three times its current share price – following news that it had signed a US$26 million debt funding agreement for its Fungoni project in Tanzania. Senior analyst Andrew Hines said the debt deal with African financing specialist Nedbank CIB was an important step for Fungoni and “may act as the catalyst for progress on the outstanding items with the Tanzanian Government and for additional strategic equity participation”.

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Bloomberg Economics estimates that most of China was 90%-95% back to work at the end of last week, noting pick-ups in the steel market, construction activity and crude processing (reports Bloomberg). Those oil refineries, as well as coal-fired power plants, are nearing last year’s operating rates, while metals stockpiles have shrunk from record or near-record levels.

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