News

Gold starred this week as it powered through the $US1800 an ounce price-ceiling, but it wasn’t alone.

Gold starred this week as it powered through the $US1800 an ounce price-ceiling, but it wasn’t alone. Copper and nickel marched higher, and that could mean that something more significant than a gold boom is underway. The forces driving gold, perhaps to a record high of more than $US2000/oz, are well understood: economic and political uncertainty flavoured with fear of an outbreak of double-digit inflation.

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RareX and partner Kincora Copper already knew they were sitting on a porphyry system in the famed Lachlan Fold Belt of NSW, but now they have also hit higher grades

RareX and partner Kincora Copper already knew they were sitting on a porphyry system in the famed Lachlan Fold Belt of NSW, but now they have also hit higher grades than is typical of most porphyry deposits (reports Stockhead). When it comes to porphyry deposits, size counts. These are multigenerational mines responsible for ~60 per cent of the world’s copper, most of its molybdenum, and significant amounts of gold and silver.

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Shares in RareX rose this morning after partner Kincora Copper reported the results from the first drill hole at the Trundle project in New South Wales’ Lachlan Fold Belt (reports MiningNews).

Shares in RareX rose this morning after partner Kincora Copper reported the results from the first drill hole at the Trundle project in New South Wales’ Lachlan Fold Belt (reports MiningNews). The partners have been awaiting assays from holes at Trundle Park and Mordialloc after promising visual results.

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It may have taken until the fiftieth hole to claim a discovery, but Chris Cairns’ Stavely Minerals faith in the potential of the Thursday’s Gossan project in Victoria over many years was unwavering (reports MiningNews).

It may have taken until the fiftieth hole to claim a discovery, but Chris Cairns’ Stavely Minerals faith in the potential of the Thursday’s Gossan project in Victoria over many years was unwavering (reports MiningNews). Stavely floated in 2014 - the only resources float of that year - with the Stavely project in Victoria as its flagship. Cairns, Stavely's founder and executive chairman, acknowledged the support of the board in acquiring the assets privately in 2013.

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Chalice Gold Mines has intersected a new style of platinum group elements-copper-gold mineralisation at its Julimar discovery northeast of Perth (reports MiningNews).

Chalice Gold Mines has intersected a new style of platinum group elements-copper-gold mineralisation at its Julimar discovery northeast of Perth (reports MiningNews). The wide mineralised interval was below the extended high-grade G1-G2 zones at the Gonneville Intrusive. Drilling returned 23.9m at 1.7 grams per tonne palladium, 0.4gpt platinum, 0.5gpt gold, 0.1% nickel, 0.7% copper and 0.02% cobalt from 314.9m to the end of the hole, including 10.1m at 2.9gpt palladium, 0.6gpt platinum, 1.2gpt gold, 0.1% nickel, 1.3% copper and 0.01% cobalt.

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Its Misima project in PNG is seen as the main game, but Kingston could find some easy pickings in white-hot WA gold country. Plus, Centaurus’ nickel success shows we were right to name it as the pick of the bunch at last year’s Diggers & Dealers

Kingston (ASX:KSN) is adding WA gold newsflow to its story while pushing on with development planning for its now wholly-owned 3.2 million ounce Misima gold project in PNG, one of the biggest gold resources held by a junior in the ASX space. The WA gold leg is Kingston’s Livingstone gold project near Meekatharra where previous drilling returned good grade shallow oxide mineralisation, and where a recent structural review pointed to the potential for large-scale primary gold mineralisation in bedrock at depth.

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Sandfire Resources has made a number of board and organisational changes to ensure it is appropriately structured for its next phase of growth (reports MiningNews).

Sandfire Resources has made a number of board and organisational changes to ensure it is appropriately structured for its next phase of growth (reports MiningNews). The company completed a strategic and structural review to ensure it was prepared for the transition into an international, multi-mine producer. Sandfire's sole operating asset is DeGrussa in Western Australia, but it has two shovel-ready projects in Tshukudu in Botswana and Black Butte in Montana.

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Australian mining companies have weathered the COVID-19 storm relatively well thanks in no small part to the strength of the gold and iron ore sectors (reports Stockhead).

Australian mining companies have weathered the COVID-19 storm relatively well thanks in no small part to the strength of the gold and iron ore sectors (reports Stockhead). Tellingly, while the ASX200 is down 13 per cent for the year-to-date, the ASX300 Metals and Mining Index is down just 2 per cent over the same period. Prices for both gold and iron ore have been upgraded throughout the first half of 2020, with the former benefiting from its status as a safe haven in uncertain times.

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