News

Battery metals, after a six-month sabbatical, surged back to the top of the mining-sector league table this week

Battery metals, after a six-month sabbatical, surged back to the top of the mining-sector league table this week thanks to a high-priced takeover bid from Wesfarmers for lithium project developer, Kidman Resources, and a plan to re-open the mothballed Ravensthorpe nickel project. Both moves demonstrated a return of confidence in battery metals and for the overall health of the broader market for minerals and metals.

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North American broker Canaccord Genuity has slightly pared back its valuation of WA gold producer Dacian Gold (ASX: DCN)

North American broker Canaccord Genuity has slightly pared back its valuation of WA gold producer Dacian Gold (ASX: DCN) following its March quarterly report, but still has a healthy 12-month price target of $3.35-a-share and buy recommendation for the stock. This is well north of Dacian Gold’s current price of ~$1.95 a share.

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RED 5 has defined oxide gold resources that could be added into the potential standalone development at the King of the Hills project north of Leonora in Western Australia (reports MiningNews). The combined 114,900oz at the Rainbow and Severn deposits are about 85% oxide and could provide early feed to the so-called potential KOTH bulk mining development, with a 13,000m regional RC campaign continuing. Red 5 is considering a 2.5-4 million tonne per annum development at KOTH that would involve a big cut-back of the previously mined pit.

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Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found.

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And the falling stockpiles are more good news for Mincor and its growing Cassini discovery

Copper is the favoured metal of the big end of town miners like BHP and Rio Tinto when it comes to allocating exploration dollars. Revved up in part by the electric vehicle revolution and the electrification of Asia, demand for the red metal will certainly move in the right direction in the years to come. But does that mean that the price will also head higher from what veteran minerals economist Richard Schodde at MinEx Consulting calls the “wisdom of the crowd” on long-term prices, or the consensus of economic forecasts put another way?

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Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after.

Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after. A sharp rise in the oil price earlier this week to more than $US74 a barrel was largely a function of international events, including a fresh threat from Iran to blockade the narrow Strait of Homuz at the western end of the Persian Gulf in retaliation against US sanctions.

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Northern Star Resources boss Bill Beament has urged investors to be patient with the miner’s $US260 million Alaskan gold operation

Northern Star Resources boss Bill Beament has urged investors to be patient with the miner’s $US260 million Alaskan gold operation, saying Northern Star’s turnaround of the newly acquired mine was nearly complete (reports The Australian). Northern Star bought the Pogo mine last year from Japan’s Sumitomo, promising a repeat performance of the company’s track record of reviving the performance of the suite of Australian operations bought from the majors in a deal making spree earlier this decade.

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Plus, Strandline hints at sale of a stake in large WA mineral sands project and South Africa Inc lines up to back Orion’s base metals project   

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3rd Dec 2019

RRS Summer Series 2019 - Sydney Conference

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