News

Plus, Canterbury holds its breath ahead of Queensland copper assays and Strandline’s big WA mineral sands project on track to secure funding from the Government’s Northern Australia Infrastructure Facility.

Demand for stock in Stavely Minerals’ (SVY) $19.6 million placement at a $1 a share in the wake of its high-grade copper hits at the Thursday’s Gossan project in Western Victoria was a staggering $100 million. Hits like 32m at 5.9% copper and individual assays of up to 40% copper have obviously fired up interest in the discovery, with Stavely only stopping at $19.6m because that was the threshold for proceeding without the need for shareholder approval.

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First signs of lithium hitting the bottom after a torrid year of falling prices could be seen in market commentary this week with leading investment banks hinting that a lithium rebound could be on the way.

First signs of lithium hitting the bottom after a torrid year of falling prices could be seen in market commentary this week with leading investment banks hinting that a lithium rebound could be on the way. J.P. Morgan was first to suggest that it might be time to take a fresh look at lithium stocks, followed by Morgan Stanley, which said a tour of Chile’s lithium industry revealed some ongoing uncertainty but that “downside risk is becoming more limited”.

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Gold first. Daylight second. Those four words perfectly sum up the state-of-play on the Australian stock market as more investors join the flight to safety while the international geopolitical and trade backdrop worsens.

Gold first. Daylight second. Those four words perfectly sum up the state-of-play on the Australian stock market as more investors join the flight to safety while the international geopolitical and trade backdrop worsens. A measure of the gap between strongly performing gold (and goldminers) could be gleaned from a unique mid-week piece of research by Macquarie Bank which looked at the damage done by the China v US trade war and past crises.

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Work on the Exxon project set to take place alongside construction of the ~US$20b Total LNG project

RBR Group’s strategy to be a major supplier of labour and training services to the Mozambique LNG construction industry has received another boost with the Government of Mozambique and the Exxon Mobil (Exxon) lead consortium behind the Mozambique Rovuma Venture announcing an Initial Investment Decision for the US$33 billion LNG project.  The Initial Investment Decision paves the way for Exxon and its partners to invest more than US$500 million in the initial construction phase of Rovuma.

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Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West

Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West with the Northern Australia Infrastructure Facility progressing the project to the detailed due-diligence phase (reports The West Australian) . Strandline managing director Luke Graham said while the NAIF assessment continued, the company would advance discussions with private lenders. “We will also continue negotiations on project development contracts, product offtake and strategic partner arrangements,” he said.

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Global producers of electric cars have big ambitions and a bigger problem: supplies of a key material are running short (reports The Wall Street Journal). Nickel sulfate is a brilliantly coloured crystalline substance used in electric-vehicle batteries. The ore most commonly used to produce it is mined in only a handful of places -- and they include some of the most politically or operationally challenging, such as Russia or Canada’s frozen Northeast.

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Australia highlighted just how vulnerable the US is in the area of rare earths in an attempt to attract more investment to the local industry (The Australian Financial Review reports). A report from the Morrison government outlines how reliant the US has become on China in rare earths and exposes gaping holes in the supply chain for the materials that are becoming increasingly important in electric vehicles, electronics and military applications.

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A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West

A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West Australian).

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27th May 2020

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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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