Joint venture partners Coda Minerals and Torrens Mining have uncovered intense iron oxide-copper gold (IOCG) alteration with copper-sulphide mineralisation

intense iron oxide-copper gold (IOCG) alteration with copper-sulphide mineralisation while drilling at the Emmie Bluff Deeps target within the Elizabeth Creek copper project in South Australia (reports Small Caps). The first deep diamond hole drilled at the target encountered a sequence of approximately 200m of intensely haematitic and altered sediments and granites, including 50m of moderate-to-intense copper-sulphide mineralisation consisting of chalcocite, chalcopyrite and bornite.

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Rising capital costs, longer lead times and the potential for higher taxes mean miners need copper prices to rise even further before committing to develop new projects, according to investment bank Jefferies (reports MiningNews).

"Even with the copper price recently reaching an all-time high, for example, the incentive price to build greenfield (and some brownfield) projects is still above the current price in some cases as longer lead times greatly impact project returns," said Jefferies. Copper is trading at around US$4.50/lb, up from about $3.50/lb at the start of the year. Prices have not been at such elevated levels for a decade.

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Perenti will lock in a $648 million contract to provide open pit mining at Sandfire Resources’ Motheo copper operations in Botswana if the project gets the green light (reports The West Australian).

The seven-year, three-month contract with Perenti’s African Mining Services will have a one-year extension offer and terms will be finalised if Sandfire is granted a mining licence by the Botswanan government. AMS is set to partner with a local firm for the project and transition to a 70-30 joint venture before the start of mining early next year. Perenti managing director and chief executive Mark Norwell said Motheo was a game-changing growth opportunity for AMS in one of the world’s most attractive mining jurisdictions.

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Canaccord Genuity has issued a Speculative Buy recommendation with a 30c price target for emerging copper explorer-developer New World Resources (currently 10c).

In an initiation note, Canaccord cautions that its valuation is preliminary in nature and should be viewed as a what-if case, given no formal mining studies have been published and a maiden JORC resource is awaited, but outlines what it describes as a “likely development scenario” for the company’s Antler project in Arizona, USA. “Based on the published drilling data to date, we have modelled a potential mine inventory for Antler,” Canaccord says. The project has a non-JORC historic resource of 4.7Mt at ~3.4% copper equivalent.

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Another whiff of inflation and hint of rising interest rates stirred financial markets this week, along with a warning of greater risks ahead from two big name investors (and a long-dead economist).

Larry Fink and Jeremy Grantham sang from the same gloomy hymn sheet, which is a favorite of grumpy old men who have seen countless market cycles -- and so too would Adam Smith, if he had not died 231 years ago. Fink is the key man in the threesome because he runs BlackRock, the world’s biggest fund manager. He warned that stimulus spending would create an inflation spike which would be a “pretty big shock” for most people, especially novice investors who have little concept of the value-corroding nature of inflation.

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Little-known $10m Traka out to repeat Lefroy’s porphyry success and Kin wins support with 22m at 9gpt in first-up drilling.

A mix of copper and gold in an orebody – or gold and copper depending on the grade of the respective metals – is a wonderful thing to have. It’s why Australia’s lowest-cost gold production (with the help of copper credits) comes from Newcrest’s Cadia mine, and why the copper mines of Sandfire and Oz Minerals are low-cost producers of the red metal (with the help of gold credits).

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Greenvale Mining is gearing up to drill its “mighty” Georgina iron oxide-copper-gold project in the Northern Territory (reports MiningNews).

It comes days after BHP formally entered the search for copper in the NT via a A$22 million farm-in and joint venture with Encounter Resources over the Elliott project, northwest of Tennant Creek. Greenvale's Georgina project is east of Tennant Creek. The project comprises seven granted tenements and two under application, covering

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The Pilbara Minerals founder plans to do it all again. And Liontown’s new MD is embarking on a roadshow of his own to explain the key points of difference around his company’s big WA lithium project.

It is almost six years since Neil Biddle hit the Eastern States on a roadshow for a then-obscure little thing called Pilbara Minerals. Pilbara (PLS) was trading at 5c a share at the time for a market cap of $32 million and it has to be said that Biddle got a lot of confused looks from investors at the June 2015 investor lunches in Brisbane, Sydney and Melbourne. Pegmatites? Spodumene? Lithium? Electric vehicle revolution? What was he on about? Pass the bottle.

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