News

Credit Suisse has significantly upgraded its outlook for the gold price for the next two-and-a-half years (reports MiningNews)

Credit Suisse has significantly upgraded its outlook for the gold price for the next two-and-a-half years (reports MiningNews). The bank lifted its September quarter gold price forecast from US$1560 an ounce to $1750/oz, and its December quarter forecast from $1600/oz to $1775/oz. It expects gold to average $1800/oz next year, up from the previous forecast of $1600/oz, and $1650/oz in 2022, up from $1550/oz.

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The hunt for the next big NSW porphyry is hotting up, with the highly regarded team leading the RareX-Kincora campaign saying it’s the “hottest porphyry prospect” after Alkane

Alkane (ASX:ALK) has just about doubled to 99c since its crazy March low of 50c when many thought the world as we knew it was all over because of COVID-19. It has lots of things on the go but the main driver since its March low has been renewed enthusiasm for last year’s Boda discovery in NSW’s central-west to shape up as a tier-one gold-copper porphyry project. On results to date, Boda is clearly the most significant discovery in the region since Newcrest uncovered its Cadia gold-copper riches in the 1990s.

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Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years

Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years. The problem with the no-rate increase comments from the Federal Reserve chairman Jay Powell is that while they might be good for gold, they reflect a downbeat outlook for US and global growth.

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Shares in Bellevue Gold climbed another 9 per cent after the explorer hit more high-grade gold 7km north from the existing resource at its namesake project near Leinster

Shares in Bellevue Gold climbed another 9 per cent after the explorer hit more high-grade gold 7km north from the existing resource at its namesake project near Leinster (reports The West Australian). The Steve Parsons-led company reported a drill intersection of 17m at 4.2 grams per tonne from a depth of 19m at its Government Well prospect which sits along the 20km Bellevue Trend. The hole represents the first of four RC holes along a 500m stretch of the strike, with assays from the final three holes pending.

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Kairos Minerals (ASX: KAI) has resumed field work at its 100% owned Pilbara gold project in Western Australia

Kairos Minerals (ASX: KAI) has resumed field work at its 100% owned Pilbara gold project in Western Australia, claiming multiple targets and opportunities would keep it busy for the foreseeable future (reports Small Caps). The exploration focus is finding a Hemi-style deposit and developing a pipeline of drilling targets.

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Breaker Resources claims to have potentially made a significant gold discovery 3km north of its Bombora resource

Breaker Resources claims to have potentially made a significant gold discovery 3km north of its Bombora resource following wide-spaced reconnaissance RC drilling (reports MiningNews). Results from the first 32 holes at the Kopai prospect included 4m grading 4.5 grams per tonne from 84m, 4m at 2.7gpt from 20m and 4m at 2.5gpt from 20m. Breaker said it is awaiting results from 28 holes targeting a potential link between Kopai and the Crescent prospect, 1km to the south.

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RareX and its Canadian partner Kincora Copper have intersected thick zones of porphyry mineralisation with the second hole at their Trundle project (reports Stockhead).

RareX and its Canadian partner Kincora Copper have intersected thick zones of porphyry mineralisation with the second hole at their Trundle project (reports Stockhead). Drilling at the Mordialloc target in the Lachlan Fold Belt (LFB) intersected strong halo indicators of a mineralised porphyry intrusion system — including significant intervals with visually interpreted localised copper grades and alteration — that confirm the targeted geological setting.

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Plus, New World Resources puts it head down at its Antler copper project and Perseus deal puts Tietto in the M&A spotlight

Exhibiting the same grit showed by his Test cricketing son Marnus, who bounced up from the ground without fuss up after being sconed by a 150km per hour ball from England’s Jofra Archer at Lord’s last year, Andre Labuschagne was not about to let COVID-19 get in the way of his growth ambitions for Aeris (ASX:AIS). Aeris was in the race for the sale of the Cracow gold mine in Queensland by Evolution (ASX:EVN) before the process was parked up because of the pandemic. But a determined Labuschagne convinced Evolution to re-open the sale via Zoom.

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11th Aug 2020

Investor webinar featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining

Join us for our next investor webinar on Tuesday, 11 August 2020 featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining.

10th - 11th Nov 2020

Gold Coast Conference

With increasing global uncertainty regarding the outbreak of COVID-19 and in light of the latest advice from the Australian Government, including an indefinite ban on large indoor gatherings and in

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