News

Plus, Liontown’s results fuel hopes it may be Chalice Mark II and Bellevue’s imminent feasibility study set to reveal ‘a moving feast to the upside’

Rex Mineral’s chief executive Richard Laufmann reckons we’re in a new commodities super cycle, with copper in particular to benefit. He is a big fella whose collection of motorcycles includes a Harley-Davidson, so there will be no disagreement here with his call. Besides, the price performance of copper since mid-2020 has been nothing short of spectacular. The red metal averaged $US2.66/lb in the first six months of last year but has since charged 38% higher to $US3.66/lb, or about 60% above its March 2020 lows.

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Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday

Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday, but the battery-metals sector is (so far) proving to be the more significant winner as the new man in the White House brings with him a range of tough environmental protection policies. A clearer look of what’s to come can be seen in China where there is a market for trading in obscure commodities such as neodymium, a rare earth favoured by makers of the long-life batteries used in electric cars.

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Liontown Resources’ maiden drilling within its Moora project, in southern Western Australia has intersected mineralisation within the same geological terrain as Chalice Mining’s play-opening Julimar discovery (reports MiningNews).

Liontown Resources’ maiden drilling within its Moora project, in southern Western Australia has intersected mineralisation within the same geological terrain as Chalice Mining’s play-opening Julimar discovery (reports MiningNews). The aspiring lithium miner undertook its first program of wide-spaced aircore drilling late last quarter, almost two years after securing the three Moora leases, with the early results being considered encouraging.

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“Follow the money.” What better time to remind investors of that advice than when a U.S. President heads for the exit and financial “flows” appear to be priming the world for a fresh commodity boom.

“Follow the money.” What better time to remind investors of that advice than when a U.S. President heads for the exit and financial “flows” appear to be priming the world for a fresh commodity boom. Back in 1972 it was Richard Nixon departing, aided by that famous “follow the money” comment attributed (perhaps incorrectly) to Deep Throat, the source of leaks against him published in the Washington Post newspaper.

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Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review).

Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review). UBS is forecasting global economic growth of 6.1 per cent and growth of 8.2 per cent in China, the epicentre of resources and commodity demand.

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Argonaut’s latest annual compilation features diverse mix of commodities and locations. In the mix is Bardoc Gold, which a fellow broker says is yet to get the love it deserves from investors.

If only there was a tried-and-true method of determining when a project gives its junior resources company owner the right stuff to outperform in the next 12 months. Well, a neat bit of annual research by Argonaut gets as close to a tried-and-true method as could be hoped for by investors. It’s called “Argonaut’s Best Undeveloped Projects (BUPs),” with the resources corporate adviser/stockbroking firm having just completed its 2020 review.

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Rio Tinto has confirmed delays and a major cost blowout at its flagship copper project in Mongolia, saying the underground expansion of its Oyu Tolgoi project will come in more than a quarter over the original budget (reports The Australian).

Rio Tinto has confirmed delays and a major cost blowout at its flagship copper project in Mongolia, saying the underground expansion of its Oyu Tolgoi project will come in more than a quarter over the original budget (reports The Australian). The underground operation at the giant mine — scheduled to become the biggest copper operation in the world when complete — will be delivered by October 2022, marking a near two-year delay from the original timeline.

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A maiden resource and Pre-Feasibility Study on the planned resumption of copper production at its brownfields Antler copper mine in Arizona, USA are some of the highlights to look out for early next year from copper developer New World Resources

A maiden resource and Pre-Feasibility Study on the planned resumption of copper production at its brownfields Antler copper mine in Arizona, USA are some of the highlights to look out for early next year from copper developer New World Resources (ASX: NWC), according to boutique investment and corporate advisor Peloton Capital.

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