News

Copper up. Gold up. It’s an unusual double-barreled event because rising copper is a pointer to strong future economic activity, while gold is a safe haven for uncertain times, so when both rise at the same time it makes for tricky forecasting.

Copper up. Gold up. It’s an unusual double-barreled event because rising copper is a pointer to strong future economic activity, while gold is a safe haven for uncertain times, so when both rise at the same time it makes for tricky forecasting. Layer on top of those two key commodities moving in tandem with rising interest rates and a whiff of inflation, and it is doubtful that there has ever been a more complex brew of conflicting signals.

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Alicanto appears to have intersected an intrusion-related copper proximal skarn system after drilling at the Stone Lake target hit high-grade copper (reports Stockhead).

Alicanto appears to have intersected an intrusion-related copper proximal skarn system after drilling at the Stone Lake target hit high-grade copper (reports Stockhead). The second hole at Stone Lake returned a narrow, but very copper-rich intersection grading 5.92 per cent copper and 4.6 parts per million silver from 124.2m to 124.47m within a broader 0.92m interval at 1.92 per cent copper and 1.3ppm silver.

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Copper, a linchpin of the old energy economy, will play a crucial role in the new green one, too (reports Dow Jones).

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Stavely Minerals has reported “outstanding” assays from the latest drilling at the Thursday’s Gossan project in Victoria (reports MiningNews).

Stavely Minerals has reported “outstanding” assays from the latest drilling at the Thursday’s Gossan project in Victoria (reports MiningNews). The most north-eastern hole drilled to date in the Cayley Lode resource definition program returned two significant intercepts and extended the mineralisation to 900m of strike extent.

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New World Resources will raise $20 million through an institutional placement to accelerate development of the Antler copper project in Arizona (reports Stockhead).

New World Resources will raise $20 million through an institutional placement to accelerate development of the Antler copper project in Arizona (reports Stockhead). New World (ASX:NWC) has received firm commitments for the raise, which will be made via a two-tranche placement of 200 million new fully-paid ordinary shares to institutional, sophisticated and professional investors.

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Plus, Legend and Breaker show why patience can be a key ingredient in exploration and impending float of Black Canyon to give manganese-hungry investors another option.

Inca Minerals (ICG) must be feeling like a little boy pushing a wheelbarrow – it’s all of ahead the company. In a short time frame time too, with game-changing potential to boot, something it could be argued is not yet reflected in the group’s $50m market cap (12.5c) a share. First up, there’s the excitement around the company’s exposure to the East Tennant region of the Northern Territory. It’s where government-funded drilling has confirmed the frontier region’s potential to host large-scale iron oxide copper gold deposits.

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Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months.

Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months. The alert from Fitch, a leading credit rating agency, recognises the challenge of trying to buy high-priced individual assets and the need for bidders to make a full takeover for the parent company.

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30th April 2021

Chalice Mining’s share price continues to rally to new highs as analysts speculate over the size of its Julimar discovery outside Perth (reports MiningNews).

Chalice Mining’s share price continues to rally to new highs as analysts speculate over the size of its Julimar discovery outside Perth (reports MiningNews). Chalice said last week that it was delaying its hotly anticipated maiden resource from mid-year until the end of the third quarter because the deposit just keeps getting bigger. The company reported 165 high-grade intersections from the seven-rig drill-out of the Gonneville Intrusion, which is now about 1.8km long by 900m wide.

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