News

Canadian billionaire investor Eric Sprott will maintain his 10 per cent stake in Kairos Minerals as part of a $4.2 million raising by the Pilbara gold play (reports The West Australian). The raising will comprise a $2.5m placement at a discounted 1.1¢ along with a one-for-eight non-renounceable rights issue to raise a further $1.7m. The cash will be used for exploration and drilling programs across Kairos’ Pilbara gold project, where Kairos is targeting intrusive-hosted gold discoveries similar to De Grey Mining’s nearby Hemi discovery.

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Bellevue Gold shares enjoyed a stellar week thanks to some bonanza drilling results, but leading analysts say the price still has a long way to go...

Bellevue Gold shares enjoyed a stellar week thanks to some bonanza drilling results, but leading analysts say the price still has a long way to go. The company said the latest results from infill drilling at its Bellevue gold project in WA, which included hits of up to 1169gpt, would boost the mid-year resource upgrade. The results came from the Deacon lode, where the inferred resource stands at 410,000oz at 12.3gpt. This is part of the total Bellevue resource of 2.2 million ounces at 11.3gpt.

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Sydney-based broking house Foster Stockbroking has initiated research on gold developer Bardoc Gold ASX: BDC) with a BUY recommendation and 12-month price target of 16cps, well above its recent trading price of ~8.5-9c...

Sydney-based broking house Foster Stockbroking has initiated research on gold developer Bardoc Gold ASX: BDC) with a BUY recommendation and 12-month price target of 16cps, well above its recent trading price of ~8.5-9c. In a comprehensive research note, veteran Foster’s resource analyst Mark Fichera describes Bardoc’s development strategy as “unite and conquer” – building scale and efficiency by extracting synergies and scale from the proximity of gold deposits and a former mine to justify a standalone operation at its 3.02Moz Bardoc Gold Project, just north of Kalgoorlie in WA.

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The big boys of the fashionable Pilbara gold scene are flying high. But their smaller brethren, such as Calidus and Kairos, are set to play catch-up as the higher gold price is factored into their models.

Ignoring the conglomerate gold bubble of a few years ago, there has been some serious gold value creation in recent times in Western Australia’s Pilbara. De Grey (ASX:DEG) and Capricorn Metals (ASX:CMM) have led the way, with their market caps on a combined basis now knocking on the door of $1 billion.

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Australia’s iron ore producers are riding a perfect storm of reduced Brazilian supply and surging Chinese demand which has lifted the benchmark price of the steel-making material to within sight of the magic $US100 a tonne mark ...

Australia’s iron ore producers are riding a perfect storm of reduced Brazilian supply and surging Chinese demand which has lifted the benchmark price of the steel-making material to within sight of the magic $US100 a tonne mark – before possibly surging to $US120/t. Share prices of every company exposed to iron ore, including Fortescue and Mineral Resources, have moved up sharply, reaching 12-month highs in most cases, but the story of recovery and fresh heights being reached, does not end there.

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Kin Mining believes recent drill results from its pre-development Cardinia gold project near Leonora “continue to highlight the potential to identify strong zones of new mineralisation” (reports MiningNews). While assays reported today weren't exactly headline grabbers - 7m at 2.44 grams per tonne from 117m - the company said the RC drilling confirmed continuity of shallow mineralisation over a 500m strike, with results from both this RC work and other aircore testing expected over coming weeks.

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Gold is set to test its record highs over the coming year as the spectre of deflation...

Gold is set to test its record highs over the coming year as the spectre of deflation, too much debt, the prospect of resurgent inflation and currency debasement propels the precious metal towards $US2000 an ounce (reports The Australian Financial Review).

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Analysts from Morgan Stanley and Canaccord Genuity have upgraded price targets for most of the Australian gold producers...

Analysts from Morgan Stanley and Canaccord Genuity have upgraded price targets for most of the Australian gold producers under their coverage (reports MiningNews). Gold futures rose as high as US$1760 an ounce this week, close to seven-year highs, and remain at about $1750/oz. Morgan Stanley said the current price was above its June quarter bull case forecast of $1736/oz.

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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

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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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