News

Sipa Resources (ASX: SRI) is staking its claim as one of the explorers best positioned for discovery success in Western Australia’s white-hot Paterson copper province (reports Stockhead). The Perth-based junior was a first-mover in the Paterson district, throwing down well before all the recent hype surrounding Rio Tinto’s much-vaunted Winu copper-gold discovery. It’s now one of the only companies outside of Rio Tinto with granted tenements and exploration programs under way, with its western tenement boundary sitting just 10km from the site of the Winu find.

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The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs

The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs while nearby juniors Sipa and Antipa are planning holes of their own. Plus, Sandfire-backed White Rock offers investors two projects for the price of one. Exploration in Western Australia’s remote Paterson province is heating up as was expected following Rio Tinto’s belated confirmation in February that its Winu copper-gold discovery was indeed something special.

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Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors

Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors, while two industry leaders, BHP and Rio Tinto, paid a heavy price for annoying their supporters. On a “follow-the-money” basis, it was hard to overlook the flow of funds into two emerging rare earth companies, Arafura and Northern Minerals, which attracted $30 million and $23.2 million respectively to advance their projects.

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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.

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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.

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Plus, Marenica buys straw hats in uranium winter

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.

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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.

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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.

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