Sandfire Resources boss Karl Simich says the miner is open to acquisition opportunities
Sandfire Resources boss Karl Simich says the miner is open to acquisition opportunities within Australia including existing operating assets, but they need to be value accretive and make sense (reports The West Australian).
Speaking after the company reported record quarterly and full-year production from its flagship DeGrussa gold copper operation near Meekatharra, Mr Simich said the company’s business development team was eyeing all opportunities that could add to Sandfire’s production pipeline.
Plus, Liontown morphing into lithium city as new research report says the hot stock is just warming up
It is wrong to think that it has been a case of total gloom and doom for lithium equities since January.
The sector is down by 50%-plus on fears of over-supply well in to the 2020s and operational shortcomings at the newer operations.
It has not mattered that one by one, the world’s biggest auto groups have been pinning their futures to the electric vehicle revolution.
In a global market in which two million EV units were sold last year, VW reckons it will do five million units itself in 2025. Same with Toyota, and others have been chiming in.
Sunstone (ASX:STM) had a big day out on Tuesday when it updated the market on drilling progress at its multi-target Bramaderos project in southern Ecuador, well away from all the drama up north where 10,000 garimpeiros are said to have overrun a Gina Rinehart exploration property.
More than 30 million shares were traded and the stock fell from 4c to 3c on the progress report, with day-trader types, who had presumably taken up positions in the hope of a one hole-discovery, heading for the exit.
Acquisitive copper miner Sandfire Resources appears to be building a strategic stake in Balkan States
Acquisitive copper miner Sandfire Resources appears to be building a strategic stake in Balkan States-focused explorer Adriatic Metals (reports The West Australian).
A change in substantial shareholder notice lodged with the ASX yesterday showed the Karl Simichled miner had bought more than $5 million worth of Adriatic shares on the market over the past week, lifting its holding from 7.7 per cent to 11 per cent.
Get out your crowbars, Sunstone Metals (ASX:STM) is about to prise open the core of a potentially big copper-gold porphyry system
Get out your crowbars, Sunstone Metals (ASX:STM) is about to prise open the core of a potentially big copper-gold porphyry system in Ecuador (reports Stockhead).
The company revealed today results from a second hole at the Limon prospect, part of the larger Bramaderos project, delivered a hit of 267m at 0.05 grams per tonne (g/t) gold, 750 parts per million (ppm) – or 0.08 per cent — copper and 22ppm molybdenum.
This includes a 14m intercept at the bottom of the hole that recorded 0.1g/t gold, 0.2 per cent copper and 41ppm molybdenum.
The next key catalysts for base metals developer Orion Minerals (ASX: ORN) will be approvals and financing for its flagship Prieska Copper-Zinc Project in South Africa, according to Sydney-based institutional broker Petra Capital
The next key catalysts for base metals developer Orion Minerals (ASX: ORN) will be approvals and financing for its flagship Prieska Copper-Zinc Project in South Africa, according to Sydney-based institutional broker Petra Capital.
Petra Capital analyst Craig Brown has reiterated his BUY recommendation for the stock, with a revised target price of 12c-a-share (compared with a current share price of 3c), following the recent release of a Bankable Feasibility Study which it says has confirmed a “robust, high-margin development” at Prieska.
Plus, soaring gold price triggers big bounce in Millennium shares
There were many factors behind the 2017 Pilbara conglomerate gold bubble.
But what really pumped up things was one of the great mining promotional events of our time.
The September 2017 event was orchestrated by the lead company in the bubble, Canada’s Novo Resources Corp (TSX-V:NVO).
Novo organised what’s known in the TV game as a live cross from the Denver Gold Forum to its Purdy’s Reward conglomerate project near Karratha in the Pilbara, a 50:50 joint venture with the ASX-listed Artemis (ARV).
Load up with gold and head for the hills or rush into industrial metals and oil
Load up with gold and head for the hills or rush into industrial metals and oil. That seems to be your choice from Monday, when a new financial year kicks off and we’ll know whether Trump and Xi shook hands and smiled – or not!
The handshake the world wants to see could occur today or tomorrow when Chinese President Xi Jinping is expected to have a face-to-face meeting with US President, Donald Trump at the G20 summit in the Japanese city of Osaka.