News

If Charles Dickens had not coined the expression “it was the best of times, it was the worst of times” in the opening lines to his epic Tale of Two Cities about 160 years ago

If Charles Dickens had not coined the expression “it was the best of times, it was the worst of times” in the opening lines to his epic Tale of Two Cities about 160 years ago, it would be a good way of describing events this week in the Australian gold sector. On the one hand, gold hit an all-time record of more than $A1900 an ounce, while on the other hand, three local gold miners suffered self-inflicted wounds that decimated their share prices.

read more

Calidus Resources will take its time to de-risk the Warrawoona gold project near Marble Bar in the Pilbara

Calidus Resources will take its time to de-risk the Warrawoona gold project near Marble Bar in the Pilbara (reports MiningNews). The company is planning to release a prefeasibility study next month. Calidus managing director Dave Reeves told the Resources Rising Stars conference the study was focused on a 2km-long open pit with underground underneath. The company is envisaging 97% gold recoveries and 60% for gravity gold. "We're talking quite soft rock so less energy goes in," Reeves said. "Processing wise, it's as good as it gets."

read more

Breaker Resources boss Tom Sanders has compared the company’s greenfields Bombora discovery to Kalgoorlie’s famous Golden Mile (reports The West Australian). Speaking at the Resources Rising Stars conference on the Gold Coast, Mr Sanders said the company had barely scratched the surface at Bombora despite drilling 247,000m since listing in 2012 and defining a resource of 1.1 million ounces.

read more

Sentiment in the junior mining space has reached “peak despondency” and could be ripe for a turning point, according to a respected fund manager (reports The West Australian). Delivering the keynote address at the Resources Rising Stars conference on the Gold Coast, Lion Selection Group investment manager Hedley Widdup says a resurgence in M&A activity at the major end of the resources sector could usher in growing interest in the junior end of the market as the big players go looking for growth.

read more

Northern Star Resources is more confident than ever that its Pogo mine in Alaska will become a 300,000 ounce per annum producer

Northern Star Resources is more confident than ever that its Pogo mine in Alaska will become a 300,000 ounce per annum producer (reports MiningNews). The company paid A$351 million for Pogo in late September last year and has been working on integrating the asset. A weak March quarter, where Pogo produced 36,227 ounces of gold at all-in sustaining costs of $2062 an ounce, got the market nervous.

read more

PolarX has been plugging away at its huge Alaska Range Project since 2017 with a focus on three core prospects

PolarX has been plugging away at its huge Alaska Range Project since 2017 with a focus on three core prospects — Zackly, Mars and Saturn (reports Stockhead). The Mars and Saturn porphyry targets could be absolutely gigantic – which is why PolarX needed deep pockets to help fund exploration. The Saturn magnetic body, for example, is comparable in scale and geometry to Grasberg, one of the world largest copper-gold mines. It has vertical extent of 3km.

read more

It’s been nearly two years since Perth-based gold miner Red 5 surprised the market by abandoning its operations in the tricky mining jurisdiction of the Philippines to focus on WA (reports The West Australian).

It’s been nearly two years since Perth-based gold miner Red 5 surprised the market by abandoning its operations in the tricky mining jurisdiction of the Philippines to focus on WA (reports The West Australian). In what looked a risky and ambitious bet 18 months ago, the company acquired the ageing Darlot mine near Leinster from South African giant Gold Fields and the historic King of the Hills project 80km to the south from Saracen Mineral Holdings.

read more

Sydney-based institutional broker Petra Capital believes that a comparison between Red 5’s (ASX: RED) King of the Hills gold project and Gold Road’s (ASX: GOR) Gruyere project could be indicative of “material upside” in the Red 5 share price.  

read more

Upcoming Events

View All

3rd Dec 2019

RRS Summer Series 2019 - Sydney Conference

One-day investor conference in Sydney on Tuesday 3 December 2019.

5th Dec 2019

RRS Summer Series 2019 - Brisbane Conference

One-day investor conference in Brisbane on Thursday 5 December 2019.

1st - 31st May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held in May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

© 2019 Resources Rising Stars All Rights Reserved