News

Gateway’s (ASX:GML) main asset is the Gidgee gold project, an emerging large-scale gold system in the heart of WA’s mineral-rich Murchison and Northern Goldfields (reports Stockhead).

Gateway’s (ASX:GML) main asset is the Gidgee gold project, an emerging large-scale gold system in the heart of WA’s mineral-rich Murchison and Northern Goldfields (reports Stockhead). Five shallow open pits were mined here between 1988 and 1992, producing about 150,000oz back when the gold price languished at around $500/oz. But over the past 25 years exploration has been sporadic, at best.

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Lynas Corporation boss Amanda Lacaze says China is showing an increasing willingness to weaponise trade amid rising geopolitical tensions after moving to halt rare earths supply to United States arms producer Lockheed Martin (reports The AFR)

Lynas Corporation boss Amanda Lacaze says China is showing an increasing willingness to weaponise trade amid rising geopolitical tensions after moving to halt rare earths supply to United States arms producer Lockheed Martin (reports The Australian Financial Review).

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Gold explorer Anglo Australian Resources (ASX: AAR) and rare earths developer-cum NSW porphyry exploration leverage story RareX (ASX: REE) are both new additions to Canaccord Genuity’s latest watch list

Gold explorer Anglo Australian Resources (ASX: AAR) and rare earths developer-cum NSW porphyry exploration leverage story RareX (ASX: REE) are both new additions to Canaccord Genuity’s latest (July 2020) incarnation of its widely-followed Exploration Watch List. Canaccord says the list is designed to “highlight speculative, unrated companies of interest that are involved in active exploration and/or development of gold and base metal projects”.

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Calidus is trading at just a fraction of the valuation being applied to gold producers – but it stands to close the gap as it begins construction of its Warrawoona mine.

The stampede by investors into junior gold developers in the wake of $US1,800/oz ($A2,585) gold is a sight to behold. Massive over-subscriptions to equity raisings by juniors looking to add momentum to their development push has become the order of the day. And little wonder too. Apart from what a decent discovery can do, the transition from would-be developer to producer is the biggest value uplift a junior (or investor) can pretty much bank.

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A flood of cash and a hotly contested takeover were the highlights of a week which saw a significant shift in market action with more happening in boardrooms than in the field

A flood of cash and a hotly contested takeover were the highlights of a week which saw a significant shift in market action with more happening in boardrooms than in the field as prices for gold and iron ore headed for the ceiling, and beyond. Cardinal Resources, an Australian company operating in West Africa, has emerged as a target of competing bids from Chinese and Russian goldmining companies.

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Shares in Bardoc Gold rose after the company reported a hit of 37m at 6.21 grams per tonne gold from its namesake project near Kalgoorlie (reports MiningNews).

Shares in Bardoc Gold rose after the company reported a hit of 37m at 6.21 grams per tonne gold from its namesake project near Kalgoorlie (reports MiningNews). The hit was made during reverse circulation drilling at the Aphrodite deposit's Omega lode. The intersection, from 90m depth, included 13m at 10.94gpt gold. Other results included 7m at 8.95gpt gold from 132m, including 4m at 15.07gpt gold, and 4m at 5.24gpt gold from 158m. The intersections were outside the 500,000 ounce ore reserve.

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Not so long ago, it was share price poison for a company to label itself a WA gold developer (reports The West Australian).

Not so long ago, it was share price poison for a company to label itself a WA gold developer (reports The West Australian). There had been so many high-profile disasters in the space that even risk-tolerant punters shunned aspiring miners in favour of producers or explorers. But with a gold price that looks set to test all-time highs, project developers are back in vogue.

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Perth rich-lister Kerry Harmanis has taken his first step back into public company life in 13 years as non-executive chairman of Talisman Mining (reports The West Australian).

Perth rich-lister Kerry Harmanis has taken his first step back into public company life in 13 years as non-executive chairman of Talisman Mining (reports The West Australian). Talisman was the first significant investment Mr Harmanis made after he pocketed $400 million in the $3.1 billion sale of his former nickel play Jubilee Mines to Xstrata in October 2007. He has an 18 per cent stake in Talisman, which holds two early-stage copper-gold exploration projects in New South Wales.

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