News

Meanwhile in Ecuador, anticipation builds around a possible BHP or Newcrest bid for SolGold and Sunstone looks set to rise on back of Bramaderos project.

There is a bunch of hopefuls on the ASX looking to become producers of high purity alumina (HPA), which is set to enjoy super-charged growth in demand for its use in LED lighting and as a heat separator in lithium-ion batteries. But it is FYI’s planned $198m integrated project in WA – it envisages the Cadoux kaolin mine 220km north-east of Perth supplying a HPA refinery at Kwinana – that has got the interest up of the king of metal-grade and chemical-grade alumina production, Alcoa. As far as project endorsements go, FYI could not have hoped for a better one.

read more

Winners were hard to find on most markets this week as multiple uncertainties bruised investor confidence but a dive into the detail revealed a surprising number of upward moves and equally surprising upbeat views from leading investment banks.

Winners were hard to find on most markets this week as multiple uncertainties bruised investor confidence but a dive into the detail revealed a surprising number of upward moves and equally surprising upbeat views from leading investment banks. Best in class was undoubtedly Chalice Gold Mines, which continued its stellar run as analysts and investors gained a greater insight into its emerging Julimar platinum group metals (PGM) discovery near Perth.

read more

Chalice Gold Mines has backed up hopes its Julimar project just outside of Perth is the real deal with an airborne electro-magnetic survey pinpointing three new large anomalies (reports The West Australian).

Chalice Gold Mines has backed up hopes its Julimar project just outside of Perth is the real deal with an airborne electro-magnetic survey pinpointing three new large anomalies (reports The West Australian). The company said the results of the survey, released this morning, highlight the district-scale nickel-copper-palladium potential of the 26km-long Julimar complex, which lies 70km north-east of Perth near Toodyay. The results sent Chalice shares up almost 17 per cent to a new all-time high of $2.04 in early trade after emerging from a trading halt.

read more

New World Resources has uncovered extensions of thick, high-grade predominantly massive sulphides at its Antler copper deposit in Arizona (reports Stockhead).

New World Resources has uncovered extensions of thick, high-grade predominantly massive sulphides at its Antler copper deposit in Arizona (reports Stockhead). Extensional drilling is proving fruitful for New World Resources (ASX:NWC), with an intersection of 23m of well-mineralised massive and semi-massive sulphides grading 2.2 per cent copper equivalent. The thick intercept included 1.7m at 3.8 per cent copper equivalent and 4.6m at 3.8 per cent copper equivalent.

read more

Diversified explorer RareX (ASX: REE) has identified “numerous” targets on its wholly-owned Byro East project in Western Australia

Diversified explorer RareX (ASX: REE) has identified “numerous” targets on its wholly-owned Byro East project in Western Australia that highlight the potential for nickel-copper-platinum group element (PGE) discoveries similar to the nearby Julimar discovery (reports Small Caps). According to the company, a recent review of geological data has highlighted the presence of ultramafic intrusions within the Narryer Gneiss Complex including extensions of the enigmatic Milly Milly intrusion.

read more

Investors are clearly anticipating good news from Chalice Gold Mines, sending its stock up 11 per cent yesterday to an all-time high before the company called a trading halt (reports The West Australian).

Investors are clearly anticipating good news from Chalice Gold Mines, sending its stock up 11 per cent yesterday to an all-time high before the company called a trading halt (reports The West Australian). The explorer, chaired by Tim Goyder, pictured, has been one of WA’s market darlings this year since its March unveiling of a curious discovery at its Julimar project, just 70km north-east of Perth. Chalice hit 19m at 8.4g/t palladium, 2.6 per cent nickel and one per cent copper in its first hole at Julimar with subsequent drilling results continuing to impress.

read more

Most metal prices, including gold, crept higher during the week but the big news in the Australian resources sector could be found in a strong flow of discovery and development news

Most metal prices, including gold, crept higher during the week but the big news in the Australian resources sector could be found in a strong flow of discovery and development news, supported up by a flood of fresh capital. If there was a weakness it was in iron ore where a chorus of investment banks are forecasting one last solid quarter before a long downhill slide which will take the steel-making material back from this week’s peak of $US130 a tonne to below $US90/t.

read more

A pivotal drilling program is kicking off at Alicanto’s (ASX:AQI) Greater Falun copper-gold project, located in Sweden’s mineral-rich — but historically misunderstood — Bergslagen district (reports Stockhead).

A pivotal drilling program is kicking off at Alicanto’s (ASX:AQI) Greater Falun copper-gold project, located in Sweden’s mineral-rich — but historically misunderstood — Bergslagen district (reports Stockhead). This project neighbours a bunch of big operations including the 28-million-tonne Falun deposit, mined over ~1,000 years at some pretty phenomenal grades until the 1990s.

read more

© 2020 Resources Rising Stars All Rights Reserved