News

New World Resources has reported a hit of 23.3m at 6.7% copper equivalent from its Antler copper deposit in Arizona (reports MiningNews).

New World Resources has reported a hit of 23.3m at 6.7% copper equivalent from its Antler copper deposit in Arizona (reports MiningNews). The hit comprised 23.3m at from 23.3m at 3.48% copper, 8.84% zinc, 1.24% lead, 64.4 grams per tonne silver and 0.5gpt gold from 445m, the best ever returned from the project. The intercept is more than 300m down-dip from the deepest historical stopes, and more than 450m from surface. Mineralisation remains open at depth and along strike.

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Copper miner Sandfire is confident it could find buyers for its products outside of China if Australia's biggest customer decided to add copper to its blacklist of Australian products (reports The Australian Financial Review).

Copper miner Sandfire is confident it could find buyers for its products outside of China if Australia's biggest customer decided to add copper to its blacklist of Australian products (reports The Australian Financial Review).

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The field season in this remote province is in full flight, offering investors leverage in abundance. Plus, former analyst helps kaolin IPO and WA iron ore junior set for first sales in new year.

There has been more gold and copper found in WA’s remote Paterson province in recent times than anywhere else in the country. Rio Tinto estimated the shallow resource at its still growing Winu find at 4.4 million ounces of gold and 1.8Mt of copper back in July, and it has also reported high-grade gold hits at the nearby Ngapakarra prospect.

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Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election.

Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election. Australia, which has largely dodged the latest outbreak of Covid-19 that is restricting mobility in Europe and the U.S., did not evade the effects of international market turmoil, but the sell-off here was less severe and more of a correction than a crash.

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RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps).

RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps). The latest results from drilling at the Cummins Range project in the Kimberley region of Western Australia include 37m at 1.4% total rare earth oxides (TREO) and 0.2% niobium oxide. That intersection includes 7m at 3.6% (TREO) and 0.27% niobium, with mineralization beginning at 21m down hole.

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Sandfire Resources has reported record quarterly copper production, as well as the feasibility study for its Black Butte development in the US and a new farm-in agreement in New South Wales (reports MiningNews)

Sandfire Resources has reported record quarterly copper production, as well as the feasibility study for its Black Butte development in the US and a new farm-in agreement in New South Wales (reports MiningNews). he long-awaited study for the Black Butte project in Montana, held by 85%-owned subsidiary Sandfire Resources America, outlined capital costs of US$274.7 million for an eight-year, 1.2 million tonne per annum operation. Average annual copper production will be about 23,000 tonnes at a C1 cost of US$1.51 per pound.

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There are not many to choose from, but Sandfire’s sum-of-the-parts highlights a value opportunity while shares in juniors such as Stavely and Venturex are already edging up. Plus, early De Grey backer, DGO Gold, wades into a new junior.

Copper has been mounting a challenge to take over from gold as the glamour metal, prompting renewed investor interest in the red metal. With gold seemingly locked into sideways trade until the US election is decided, copper has been shooting the lights out. It last traded at $US3.17/lb, which was a 28-month high. The current price compares with the $US2.50/lb average of the June half and the metal’s 2019 (calendar) average of $US2.72/b, and $2.96/lb in 2017.

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New World Resources is well positioned to capture the copper opportunity brought about by global stimulus spending on infrastructure (reports Stockhead).

New World Resources is well positioned to capture the copper opportunity brought about by global stimulus spending on infrastructure (reports Stockhead). Copper has experienced a revival in recent months as governments around the world introduce stimulus packages in response to the recession brought about by the COVID-19 pandemic.

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