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Australian explorer Kingston Resources (ASX: KSN) has strengthened its on-the-ground presence in Papua New Guinea in preparation for permitting and development of its flagship Misima gold project (reports Small Caps).

Australian explorer Kingston Resources (ASX: KSN) has strengthened its on-the-ground presence in Papua New Guinea in preparation for permitting and development of its flagship Misima gold project (reports Small Caps). The company has appointed Geoff Callister to expand its in-country management team as the project progresses through mining studies and regulatory approvals.

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It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19.

It doesn’t get much better for investors in Australian resources as surging global demand drives prices to multi-year highs with the promise of more to come as confidence rises in vaccines taming the spread of Covid-19. Dr Copper, the metal used in almost everything and a widely quoted prophet of future economic growth, is leading the way, rising to a nine-year high of $US3.77 a pound. Platinum, the forgotten precious metal, is trading at a six year high of $US1215 an ounce. Most other commodities, bar gold, are also trading at multi-year highs, especially battery metals.

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Northern Star Resources and Saracen Mineral Holdings have hailed record half-year results ahead of Friday’s merger that will propel the combined entity into the world’s top 10 gold producers (reports The West Australian).

Northern Star Resources and Saracen Mineral Holdings have hailed record half-year results ahead of Friday’s merger that will propel the combined entity into the world’s top 10 gold producers (reports The West Australian). Northern Star toasted a record statutory net profit after tax of $184.5 million for the six months to the end of December. That was up 46 per cent on the previous corresponding period.

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Bardoc Gold is putting the finishing touches on the definitive feasibility study for its namesake gold project near Kalgoorlie (reports MiningNews).

Bardoc Gold is putting the finishing touches on the definitive feasibility study for its namesake gold project near Kalgoorlie (reports MiningNews). The DFS for the 3 million ounce project will be released in March, with capital costs expected to be about A$140 million. Bardoc is targeting production of over 135,000 ounces of gold per annum over about eight years at all-in sustaining costs of $1220 an ounce. "There are significant margins to be made at the project," CEO Rob Ryan told the Resources Rising Stars Summer Series yesterday.

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And as the uranium sector begins to glow amid bullish price forecasts, Boss moves to finance production restart at South Australian project

Copper has been a star performer since mid-2020 in response to COVID production hits in Latin America, global stimulus, and the global decarbonisation push gathering momentum. The red metal averaged all of $US2.50/lb in the first (calendar) six months of 2020 and is now sitting pretty at $US3.54/lb. Much of the gain can be attributed to COVID-related supply concerns and COVID-related stimulus. Decarbonisation is the longer-term and potentially more explosive thematic, with copper supply shortages more or less baked in come 2025.

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Silver shone brightly on financial markets for a few days this week as speculators played games while serious investors were drawn to another white metal, lithium.

Silver shone brightly on financial markets for a few days this week as speculators played games while serious investors were drawn to another white metal, lithium. The silver frolic was fun to watch as a new breed of tech-savvy day traders bid up the price of a commodity which has a track record of destroying more wealth than it creates. There are reasonable supply and demand fundamentals underpinning silver but whether they are strong enough to support a price above $US30 an ounce seems unlikely.

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The merger of Northern Star Resources and Saracen Mineral Holdings has cleared its final hurdle with court approval of the $16 billion tie-up (reports The West Australian).

The merger of Northern Star Resources and Saracen Mineral Holdings has cleared its final hurdle with court approval of the $16 billion tie-up (reports The West Australian). The WA Supreme Court today (Feb 1) made orders approving a scheme of arrangement between the two gold miners. The court orders are expected to be lodged with the Australian Securities and Investments Commission tomorrow (Feb 2) , at which time the scheme will become legally effective.

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Plus, shares in battery graphite producer Syrah hitch an EV ride while Mincor looks set to follow suit in the name of nickel

Buying into one of the best metals discoveries in recent times – Chalice’s Julimar near Perth – has just got a lot cheaper, even though its story has just got a lot better, such are the joys of investing in the resources space during periods of metal price volatility. Chalice (CHN) was off 13% in Thursday’s market to $4.04. Nothing particularly wrong with that given $4.04 compares with a pre-Julimar discovery 52-week low of 14.5c. But it is down from a recent high of $4.92.

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