News

Kalgoorlie-Boulder’s Super Pit has delivered a shot in the arm to an Australian gold giant’s inventory, with promising drill hits pointing to many more years at the historic Golden Mile where the precious metal was discovered 128 years ago

Kalgoorlie-Boulder’s Super Pit has delivered a shot in the arm to an Australian gold giant’s inventory, with promising drill hits pointing to many more years at the historic Golden Mile where the precious metal was discovered 128 years ago (reports The Kalgoorlie Miner). Northern Star Resources late on Monday posted an 8 per cent upgrade to its group reserve ounces, complemented by a 15 per cent lift in resource ounces.

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Northern Star Resources has continued its record of reserve and resource replacement, releasing inventory numbers for the nine months to March 31 (reports MiningNews).

Northern Star Resources has continued its record of reserve and resource replacement, releasing inventory numbers for the nine months to March 31 (reports MiningNews). Reserves grew by 8%, or 2 million ounces, to 21Moz, after depletion of 1.1Moz and using a gold price of A$1750/US$1350 an ounce. The update represents a 23% increase in group reserves per share. Reserves at KCGM in Kalgoorlie jumped 20% to 11.6Moz. The company pointed out that all reserves sat in tier one jurisdictions.

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Western Australian gold explorer Kin Mining (ASX: KIN) has expanded and strengthened the high-grade gold potential of its Cardinia Hill deposit

Western Australian gold explorer Kin Mining (ASX: KIN) has expanded and strengthened the high-grade gold potential of its Cardinia Hill deposit with new drilling results from its ongoing resource definition program (reports Small Caps). The company today posted “outstanding” new wide, high-grade gold intercepts including 7m at 21.3 grams per tonne gold from 91m in the sulphide zone and 8m at 4.02g/t gold from 19m in the oxide zone.

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A respected Sydney-based resource analyst believes gold developer Kingston Resources (ASX: KSN) has a “head start to low-cost gold production” at its advanced Misima gold project in PNG

A respected Sydney-based resource analyst believes gold developer Kingston Resources (ASX: KSN) has a “head start to low-cost gold production” at its advanced Misima gold project in PNG, where it is aiming to restart one of the most prolific gold mines of the region. In a lengthy initiation report, Michael Bentley from MST Access says Kingston is an early-stage investment opportunity that captures the benefit of what is effectively a “brownfield” project at its 3.6Moz Misima project.

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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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Melbourne investment banker Bruce Parncutt calls his latest plaything a “gold discovery company” (reports The Australian).

Melbourne investment banker Bruce Parncutt calls his latest plaything a “gold discovery company” (reports The Australian). Neither an explorer nor a miner, the ASX-listed DGO Gold — of which Mr Parncutt has been an executive director for the past year — is looking to carve out a unique niche in the Australian gold sector. Its game plan is to make strategic equity investments in West Australian brownfield gold discoveries, bankroll them with additional capital and combine them with its own pursuit of largely-ignored exploration opportunities.

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