Plus, new research report tips Venturex shares to triple as its copper project gathers momentum
When Rio Tinto (ASX:RIO) finally broke cover in February on its Winu copper-gold discovery in WA’s Paterson province, it made clear that drilling had yet to close off the mineralisation beneath the region’s sand dunes.
The February confirmation contained the first assay results from 14 diamond holes (and partial results from another two) in last year’s drilling program.
Rare earths made headlines this week thanks to a controversial takeover bid for Lynas Corporation
Rare earths made headlines this week thanks to a controversial takeover bid for Lynas Corporation, but whether the offer from Wesfarmers succeeds or not, the important message is that one of Australia’s biggest industrial companies has decided it’s time to invest in mining.
More specifically, the move on Lynas is fresh evidence that the electric car revolution is more than a passing fad, reinforcing the case for the broad family of metals needed in electric motors, either as fuel (lithium) or in other applications such as high-strength magnets (rare earths).
Australia's big miners have rallied hard, but that hasn't stopped Credit Suisse moving overweight (reports The Australian Financial Review).
Australian mining giants might have had a stellar run over the past 12 months, but Credit Suisse’s head of global equities, Andrew Garthwaite, believes they’ve got scope to push higher still on the back of some big global trends.
Credit Suisse moved overweight on the mining sector earlier this week, after seeing signs that the slump in global industrial production in the final quarter of 2018 was starting to bottom out.
Currency values, rather than commodity and share prices, have emerged as the key force in shaping financial markets over the rest of 2019
Currency values, rather than commodity and share prices, have emerged as the key force in shaping financial markets over the rest of 2019, with the likelihood of a continued decline in the Australian dollar ensuring increased interest in gold.
Westpac Bank this week joined the “dollar down” club with a forecast of a slide in the Aussie currency to US68 cents over the remainder of the year, and while that might not be a big fall from its current US70.8c it would lift gold above $A1900 an ounce.
Diamond drilling at Stavely Minera’s (ASX: SVY) Thursday's Gossan prospect in Western Victoria has encountered copper sulphide mineralisation
Diamond drilling at Stavely Minera’s (ASX: SVY) Thursday's Gossan prospect in Western Victoria has encountered copper sulphide mineralisation including an intercept of 952m at 0.23% copper (reports Small Caps).
Partial assays from a drilling program have returned the thickest and highest-grade intervals to date for junior explorer
The company said results received for the top 980m of a recently-completed diamond hole encountered a “very broad zone” of copper sulphide mineralisation including an “absolute whopper intercept” of 952m at 0.23% copper.