News

Leading fund manager names Boss as his pick of the uranium stocks. Plus, South32’s copper deal a boost for porphyry hunters such as Sunstone and Hot Chili.

World leaders - most of them anyway – will soon be heading to Glasgow for the United Nation’s Climate Conference, otherwise known as COP26. The idea is that there will be commitments to accelerated net zero emission targets to save us all from global warming through decarbonisation and the electrification of everything.

read more

Nickel led the way this week with its price at a seven-year high, followed by fresh moves in a takeover duel pitting BHP against Andrew Forrest, but the more important development was news the house prices in China fallen for the first time in seven years

While not directly affecting Australian investors, yet, falling home values add to China’s problems of soaring energy costs and the potential collapse of a big property developer. Those events will be making Chinese consumers feel poorer and therefore less liable to spend which will have an effect on companies selling material to China, while rising costs in its manufacturing industry will see China start to “export” inflation.

read more

Australian miners stand to benefit from the addition of nickel to a critical minerals list designed to help the US fix supply gaps in batteries and other energy technologies (reports The Australian Financial Review). Australia produces 24 per cent of the world’s nickel, according to government data, and the metal’s inclusion on the list could spur development of new mines and expansion of existing sites both in the US and Australia. The metal is used to strengthen alloys found in batteries, electronics, military hardware and a range of energy technologies.

read more
23rd September 2021

It’s Tempranillo all round as El Simich solves miner’s big problema with purchase of long-life copper asset on attractive terms

Sandfire Resources (SFR) has had a problem ever since an exploration hole in May 2009 overseen by a young geologist, Margaret Hawke, hit bonanza copper grades in WA’s Bryah Basin. It was nice problem to have as the near-6% copper hit – along with good gold values – at the DeGrussa prospect always meant the find would be developed quick smart. And it was, with first production in 2013, and the nearby Monty deposit discovery in 2015 chiming in with its high-grade feed from 2019.

read more

Buy when others are selling. It’s one of the oldest pieces of investment advice and its one that Karl Simich and Andrew Forrest put into practice this week with copper and nickel deals.

Buy when others are selling. It’s one of the oldest pieces of investment advice and its one that Karl Simich and Andrew Forrest put into practice this week with copper and nickel deals. Simich, chief executive of Sandfire Resources, took the WA-based company he leads into Spain via the $1.2 billion acquisition of the Matsa mining complex. Forrest, chairman of Fortescue Metals Group, boosted his private stake in a Canadian nickel explorer to 37.3% through the conversion of a loan into shares in what could be the knock-out blow in a fight with BHP for Noront Resources.

read more

Centaurus Metals, which last week announced a new greenfields discovery at Tigre, hasn’t let up the pace at Jaguar South, where step-out and infill drilling continues to grow potential resources at the core of the Brazilian project with eight rigs in operation (reports MiningNews). The deepest step-out drilling at the core Jaguar South deposit to date has returned "consistent high-grade" intersections, such as 7m at 1.24% nickel from 349m, including 3m at 2.31%, over 21m at 1.25% from 367m, including 3m at 5.56%. The hit was 50m down-dip of previous drilling.

read more

Nickel starred again this week as Australia’s richest man and Australia’s biggest mining company locked horns in a Canadian takeover battle which has already delivered a 200 per cent gain for some investors in just four months.

The clash, which has pitted iron ore billionaire Andrew Forrest against BHP, has driven the price of Toronto-listed Noront Resources from C24 cents in late May to C75c. But the more important point about the fight for Noront is that it is likely to be replicated in the Australian nickel sector, and if that isn’t a sector-wide buy signal I don’t know what is. The backstory with nickel should be well understood. It’s a metal which has graduated from being primarily used in the production of stainless steel into the technical metal space as a key ingredient in batteries.

read more

Battery metals, led this week by nickel, continued to outperform the rest of the resources sector while gold took a peek above $US1800 an ounce but faded as U.S. investors turned their focus on interest rate settings ahead of a key central bank meeting

Battery metals, led this week by nickel, have continued to outperform the rest of the resources sector while gold took a peek above $US1800 an ounce but faded as U.S. investors turned their focus on interest rate settings ahead of a key central bank meeting. The gathering of bankers in the Wyoming ski resort of Jackson Hole could be the setting for the Federal Reserve chairman, Jerome Powell, to reveal his plans for winding back monetary support for the U.S. economy.

read more

Upcoming Events

View All

14th - 15th Oct 2021

The Boom in a Room - Investor Conference

Click here to watch the session recordings from The Boom in a Room Investor Conference 2021.  

© 2021 Resources Rising Stars All Rights Reserved