News

The Big Australian’s new chief admits to reviewing the battery metal’s potential “on a regular basis”...

BHP’s posturing that it stands to benefit from the world’s great decarbonisation event – the electric vehicle and renewable energy storage revolution – through its electrification and battery metals exposures of copper and nickel is well known. It likes to call the exposures its “future-facing” commodities and it has just declared an appetite for more copper and nickel resource positions through exploration and early-stage entry into projects owned by others.

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Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth...

Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth (reports MiningNews). The company posted a half-year net profit after tax of A$34.2 million, down from $49.6 million for the same period of 2018. The result included an additional amortisation expense of $34.2 million following the acquisition and development of the Monty mine. Cashflow from operating activities was $109.1 million, up from $97.5 million, or $140.3 million before exploration and evaluation expenses.

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Orion Minerals is busy prepping the Prieska project so when funding is eventually secured it can bring the historical copper-zinc mine in South Africa back into production ...

Orion Minerals is busy prepping the Prieska project so when funding is eventually secured it can bring the historical copper-zinc mine in South Africa back into production as quickly as possible (reports Mining Journal).

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Copper is trading at an historically low premium to the C1 production cost, says New York investment bank Jefferies, and as the impact of the coronavirus subsides, it does not believe a recovery in demand will be met by a corresponding increase in supply (reports MiningNews). "This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.

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21st February 2020

Copper explorer Stavely Minerals has been named as the winner of this year’s Craig Oliver Award at the RIU Explorers Conference in Fremantle (reports MiningNews). Stavely beat out other nominees Image Resources, Alkane Resources, Bellevue Gold and Gold Road Resources. The award, sponsored by Canaccord Genuity, Western Areas and David Flanagan, is handed out every year to a small to mid-cap Australian resources company that has excelled in all areas.

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Plus, Alkane’s latest result fuels hopes it may have a Cadia-esque find on its hands

The coronavirus has knocked the stuffing out of base metals prices, taking equity values for the producers and developers down at the same time. The likelihood is that when the terror of it all passes and everyone gets back to work, there will be a strong rebound in prices for the metals and equities, probably with the added bonus of a big dose of stimulus from Beijing. While the timing of all that is uncertain, the here and now for the sector’s equities is that there is now more value to be had for investors than there was before the thing began to spread from Wuhan.

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Sandfire Resources has withdrawn from an earn-in agreement in Alaska and signed a new exploration deal closer to its flagship DeGrussa copper mine...

Sandfire Resources has withdrawn from an earn-in agreement in Alaska and signed a new exploration deal closer to its flagship DeGrussa copper mine (reports MiningNews). The copper producer will withdraw from White Rock Minerals' Red Mountain zinc project in Alaska, after having spent A$8.5 million on exploration last year. While Sandfire will walk away without an interest in the project, it will remain an 11.3% shareholder in White Rock. White Rock said it would seek funding to explore the newly identified 15sq.km Last Chance gold anomaly.

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From the many hundreds of listed small cap explorers, barely a handful will become long-term success stories (reports Reuben Adams of Stockhead). But pick the right one as an investor and gains can be monumental. In early 2009, struggling explorer Sandfire Resources (ASX: SFR) discovered what would later become the world-class DeGrussa copper-gold mine, rapidly transforming its fortunes from a 4c penny stock into a ~$1bn mining company.

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