News

Plus, our whisper last week on Rumble proved well-founded but don’t forget Zenith, Beament begins his goodbyes at Northern Star, Sovereign prepares for maiden rutile resource and Biswas has a crack at cryptos

The turnaround in the lithium market has been remarkable stuff, with the key battery material swept up in the global “green” investment boom in the decarbonisation of transport and energy. The resultant surge in lithium prices in the opening months of 2021 has seen last year’s beaten-up lithium stocks recapture their darling status. Pilbara (PLS) tells the tale. In the depth of despair over COVID-19 a year ago, Pilbara could be bought for 18c. It has since climbed to $1.11.

read more

Northern Star Resources is on track to hit full-year guidance despite production being blunted by a series of “one-off events”, including a two-week planned shutdown of its mill at Kalgoorlie-Boulder’s Super Pit (reports The West Australian).

Northern Star Resources is on track to hit full-year guidance despite production being blunted by a series of “one-off events”, including a two-week planned shutdown of its mill at Kalgoorlie-Boulder’s Super Pit (reports The West Australian). Northern Star’s first quarterly result since its $16 billion merger with Saracen Mineral Holdings was punctuated by fine-tuning and a minor hiccup at its Thunderbox mill near Leinster. But that did not derail the new entity that boasts a global portfolio and is one of the world’s biggest goldminers.

read more

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews).

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews). The company received 165 high-grade intersections from the seven-rig drill-out of the Gonneville Intrusion, which is now about 1.8km long by 900m wide. The drilling expanded the G4-G11 zones to the north-east and the G1-G2 zones down-dip. G4 is now 1250m long with up to 600m of dip extent, while G11 is 1200m long with up to 300m of dip extent. Both are open to the north and down-dip.

read more

Genesis Minerals is raising A$11 million via a placement and share purchase plan as it works towards a final investment decision for its Ulysses gold project by the end of the year (reports MiningNews).

Genesis Minerals is raising A$11 million via a placement and share purchase plan as it works towards a final investment decision for its Ulysses gold project by the end of the year (reports MiningNews). The company received firm commitments for a placement of 166.7 million shares to raise $10 million. Major shareholder Alkane Resources will subscribe for up to $2.1 million worth of shares to maintain its 19.8% stake, subject to shareholder approval. The issue price is 6c per share, a 4.8% discount to the last closing price.

read more

The “almost everything boom” roared on this week, led by palladium, which hit an all-time high of $US2899 an ounce, iron ore, which cracked a 10-year price ceiling at $US186 a tonne, and gold, which took a peek at $US1800/oz

The “almost everything boom” roared on this week, led by palladium, which hit an all-time high of $US2899 an ounce, iron ore, which cracked a 10-year price ceiling at $US186 a tonne, and gold, which took a peek at $US1800/oz -- and might be there by the time you read this. Soft commodities and financial markets are also booming. Wheat is trading at a seven-year high. Timber in the U.S. is at an all-time high, as are share prices on the New York Stock Exchange.

read more

Gold tried to rise this week, with limited success, leaving the best gains to energy in its many forms,

Gold tried to rise this week, with limited success, leaving the best gains to energy in its many forms, led by oil but with lithium and other members of the battery-metal family (including copper) not far behind. Because so many Australian investors are exposed to gold it’s worth having a look at the changing dynamics of the gold market. These could put a floor under its price, which has dropped by 16% over the past nine months to latest trades at $US1738/oz.

read more

Aircore drilling at Kin Mining’s (ASX: KIN) Eagle-Crow prospect within the Cardinia gold project in Western Australia has uncovered numerous gold intervals, which the company describes as “outstanding” (reports Small Caps).

Aircore drilling at Kin Mining’s (ASX: KIN) Eagle-Crow prospect within the Cardinia gold project in Western Australia has uncovered numerous gold intervals, which the company describes as “outstanding” (reports Small Caps). The assays indicate two parallel mineralised zones over “substantial strike length”, which Kin says could lead to an “extensive, shallow gold discovery”.

read more
16th April 2021

Despite a softening in the gold price this year, BMO Capital Markets managing director of commodities research Colin Hamilton says the metal is holding up well (reports MiningNews).

Despite a softening in the gold price this year, BMO Capital Markets managing director of commodities research Colin Hamilton says the metal is holding up well (reports MiningNews). After peaking at over US$2000 an ounce in August 2020, gold has fallen as low as $1683/oz last month. It currently sits at about $1747/oz.

read more

Upcoming Events

View All

18th May 2021

RRS May Investor Lunch Series - Brisbane

*Fully booked – register to join the wait list* Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

19th May 2021

RRS May Investor Lunch Series - Sydney

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

20th May 2021

RRS May Investor Lunch Series - Melbourne

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

© 2021 Resources Rising Stars All Rights Reserved