News

Its Misima project in PNG is seen as the main game, but Kingston could find some easy pickings in white-hot WA gold country. Plus, Centaurus’ nickel success shows we were right to name it as the pick of the bunch at last year’s Diggers & Dealers

Kingston (ASX:KSN) is adding WA gold newsflow to its story while pushing on with development planning for its now wholly-owned 3.2 million ounce Misima gold project in PNG, one of the biggest gold resources held by a junior in the ASX space. The WA gold leg is Kingston’s Livingstone gold project near Meekatharra where previous drilling returned good grade shallow oxide mineralisation, and where a recent structural review pointed to the potential for large-scale primary gold mineralisation in bedrock at depth.

read more

Breaker Resources is continuing to highlight its big picture exploration strategy, claiming “excellent” and “strong” drilling results for potential new large zones of gold mineralisation

Breaker Resources is continuing to highlight its big picture exploration strategy, claiming “excellent” and “strong” drilling results for potential new large zones of gold mineralisation away from the Bombora gold deposit at the Lake Roe project east of Kalgoorlie (reports MiningNews). At the Carbineer prospect, Breaker said drill results "materially upgrade the potential for a substantial new zone of gold mineraliation in a 3km-long target area" located 400m east of Bombora.

read more

Timing is everything in the mining business – and it seems Alaskan copper-gold explorer PolarX is about to make its run just as investor interest in its end of the market hits fever pitch.

Timing is everything in the mining business – and it seems Alaskan copper-gold explorer PolarX is about to make its run just as investor interest in its end of the market hits fever pitch. After waiting months for the snow to melt, PolarX is now preparing to resume drilling at its Zackly deposit, where the resource already stands at 3.4 million tonnes grading 1.2 per cent copper and 2gpt gold.

read more

The Ian Gandel-led sharemarket star is now onto a high-grade pod at its Boda porphyry in NSW while Tomingley looks set for a new lease on life and the rare earths project is about to be set free. Plus, Genesis on the fast-track to being a producer

Ian Gandel has long been an enthusiastic supporter of the Aussie mining and exploration industry. It has been nice to see then that his 23.5%-owned Alkane (ALK) where he is chairman has been a star performer of late, rising from 38c in September last year to this week’s $1.24, making for a $685 million company. It was last September that Alkane made its Boda gold-copper porphyry discovery in the northern Molong volcanic belt of NSW’s Macquarie Arc. After a half dozen or so serious follow-up holes since, Boda has been confirmed as something special.

read more

One door shuts and another opens. That’s the best way to see this week’s change-over in commodity market sentiment

One door shuts and another opens. That’s the best way to see this week’s change-over in commodity market sentiment as iron ore started its inevitable decline after a spectacular 12-months to be replaced by strong demand and higher prices for copper, nickel and gold. The flip will not be immediate or universal but the trend is there for anyone to see, once you get past the latest outbreak of Covid-19 panic in the US and other parts of the world, including Australia’s own problem State, Victoria.

read more

The Environmental Protection has recommended approval of Calidus Resources’ proposed 1.25Moz Warrawoona gold project in the Pilbara, subject to conditions (reports The West Australian).

The Environmental Protection has recommended approval of Calidus Resources’ proposed 1.25Moz Warrawoona gold project in the Pilbara, subject to conditions (reports The West Australian). Warrawoona, which lies 20km south of Marble Bar, will include two open pits and one underground mine, a waste rock dump and tailings dam within a 1000ha development envelope.

read more

Firefly Resources (ASX: FFR) is the latest junior to up its gold exposure after revealing it is acquiring the Yalgoo gold project in Western Australia’s Murchison region (reports Small Caps).

Firefly Resources (ASX: FFR) is the latest junior to up its gold exposure after revealing it is acquiring the Yalgoo gold project in Western Australia’s Murchison region (reports Small Caps). The company is acquiring the project by purchasing private entity Aurum Minerals for $2.91 million-worth of Firefly shares. To fund exploration, which will begin as soon as permitting allows, Firefly will raise up to $2.3 million.

read more

Rio has spent a month provoking the world’s escalating abhorrence with iterative, disingenuous, pedantic and qualified apologies (reports The Australian Financial Review).

Rio has spent a month provoking the world’s escalating abhorrence with iterative, disingenuous, pedantic and qualified apologies (reports The Australian Financial Review). Nearly a month since Rio Tinto detonated the Juukan Gorge caves over the protests of their traditional owners, the mining giant’s chairman, Simon Thompson, nailed his apology on the first attempt. “On behalf of the Rio Tinto board, I would like to apologise to the Puutu Kunti Kurrama and Pinikura people,” Thompson said on Friday.

read more

© 2020 Resources Rising Stars All Rights Reserved