News

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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A new research report has flagged Orion Minerals’ (ASX:ORN) Prieska copper-zinc project in South Africa as a low risk, build-ready development (reports Stockhead).

A new research report has flagged Orion Minerals’ (ASX:ORN) Prieska copper-zinc project in South Africa as a low risk, build-ready development (reports Stockhead). And with copper prices testing eight-year highs due to falling stockpiles, strong long-term demand and optimism about stimulus-fuelled post-COVID economic recovery, the timing seems to be right for the company to start project construction in 2021 with production beginning in 2023.

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Highly-regarded Cape Town-based independent analyst and portfolio manager Simon Hudson-Peacock has issued a comprehensive research report on base metals developer Orion Minerals (ASX: ORN) with a “robust” base case valuation of 6.3cps

Highly-regarded Cape Town-based independent analyst and portfolio manager Simon Hudson-Peacock has issued a comprehensive research report on base metals developer Orion Minerals (ASX: ORN) with a “robust” base case valuation of 6.3cps – well north of its recent trading price of 2.9-3.0cps. The consultant mining analyst and former fund manager describes Orion’s flagship Prieska copper-zinc project in South Africa’s Northern Cape as a “low-risk, build-ready copper-zinc project” which is fully permitted and compliant with the country’s Mining Charter III.

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Is the boom back? Maybe, is the only correct answer to that provocative question after a remarkable week on global markets triggered by confidence in the success of Covid-19 vaccinations.

Is the boom back? Maybe, is the only correct answer to that provocative question after a remarkable week on global markets triggered by confidence in the success of Covid-19 vaccinations. On one side of the returning-boom debate was the evidence of commodity markets where iron ore and copper hit seven-year price highs and gold shrugged off last week’s price correction to move back above the $US1800 an ounce mark.

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Sandfire Resources has its eye on an even bigger prize after pulling the trigger on a new mine in Botswana in the twilight years of its flagship DeGrussa operations in Western Australia (reports The Australian Financial Review).

Sandfire Resources has its eye on an even bigger prize after pulling the trigger on a new mine in Botswana in the twilight years of its flagship DeGrussa operations in Western Australia (reports The Australian Financial Review). The Karl Simich-led Sandfire said it would produce 30,000 tonnes of copper a year from the $US259 million ($352 million) T3 mine in Botswana from early in calendar 2023.

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The market finally looks to be buying in to the idea that Sandfire’s A$167 million acquisition of Botswana-focussed MOD Resources last year was as much about exploration upside as it was about MOD’s advanced T3 Motheo copper-silver development project

The market finally looks to be buying in to the idea that Sandfire’s A$167 million acquisition of Botswana-focussed MOD Resources last year was as much about exploration upside as it was about MOD’s advanced T3 Motheo copper-silver development project (writes Barry FitzGerald on MiningNews). That came through in Tuesday's market when Sandfire gave the go-ahead for a $371 million development of T3 on the emerging Kalahari copper belt.

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