News

16th April 2021

Despite a softening in the gold price this year, BMO Capital Markets managing director of commodities research Colin Hamilton says the metal is holding up well (reports MiningNews).

Despite a softening in the gold price this year, BMO Capital Markets managing director of commodities research Colin Hamilton says the metal is holding up well (reports MiningNews). After peaking at over US$2000 an ounce in August 2020, gold has fallen as low as $1683/oz last month. It currently sits at about $1747/oz.

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Plus, Firefly’s move to set manganese Firebird free delivers windfall for shareholders and has Tolga got an elephant by the trunk at Aston?

It is a nice problem to have when on-going drilling continues to return high-grades hits of increasing thickness at depth. And so it is with New World Resources (NWC), last mentioned here in June last year when it was a 1.3c stock with a $13 million market cap. NWC is now a 10.5c stock with a market cap of $140m on expanded capital, so it’s been a 10-bagger anyway it’s cut. The excitement around the stock is due its high-grade Antler copper project in north-western Arizona. Think the heartland of the US copper industry, and saguaro cacti.

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Chalice Mining was worth more than $2 billion today (Wednesday) after a share price surge by the market darling explorer this week which boosted the riches of its chairman Tim Goyder by nearly $28 million (reports The West Australian).

Chalice Mining was worth more than $2 billion today (Wednesday) after a share price surge by the market darling explorer this week which boosted the riches of its chairman Tim Goyder by nearly $28 million (reports The West Australian). Shares in the company stacked on 7.5 per cent on Tuesday and a further 5.8 per cent on Wednesday to an all-time closing high of $6.21, giving it a market capitalisation of nearly $2.15b.

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Mincor Resources is planting the seeds for a new era of Kambalda nickel production (reports MiningNews).

Mincor Resources is planting the seeds for a new era of Kambalda nickel production (reports MiningNews). The company has a long history in the area, kicking off its first mine at Miitel 20 years ago. "Over the years, the company went on to consolidate ownership of the vast majority of the prospective Kambalda and Widgiemooltha Domes, and between 2001 and 2008, brought six new nickel mines into production," Mincor managing director David Southam said during a visit to the company's operations last week.

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Centaurus sell-off on so-called nickel breakthrough highlights renewed value in a sector set to clean-up on green energy. Plus, DFS on FYI’s HPA points to bumper NPV.

The nickel stocks would like to forget their “Ides of March” moment when the stainless steel and lithium-ion battery material tumbled 12% lower in a hurry. The early March fall was a response to China’s Tsingshan announcing it was entering the battery materials space with a nickel matte product (75% nickel) from its Indonesia laterite operations.

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Independently run scoping study demonstrates potential for sustainable, long-life, low-cost nickel sulphide extraction at 100%-owned Jaguar Project in Carajas Mineral Province (reports Stockhead).

Independently run scoping study demonstrates potential for sustainable, long-life, low-cost nickel sulphide extraction at 100%-owned Jaguar Project in Carajas Mineral Province (reports Stockhead). The results of the study showed the capability of the project to generate strong financial returns from the production of Class-1 nickel for global markets. Importantly, the findings also supported the delivery of economic and social benefits to the region.

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Initial ground exploration in the Julimar State Forest, immediately north of Chalice Mining’s Gonneville PGE-nickel-copper discovery, has defined new electromagnetic conductors (reports MiningNews).

Initial ground exploration in the Julimar State Forest, immediately north of Chalice Mining’s Gonneville PGE-nickel-copper discovery, has defined new electromagnetic conductors (reports MiningNews). The 6.5km-long Hartog electromagnetic anomaly was discovered in September last year using airborne EM, but approval from the Western Australian government to explore in the forest was only received in January.

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Strandline Resources’ (ASX: STA) successful debt raising for its Coburn mineral sands project in WA has triggered a wave of fresh buy recommendations from leading analysts (reports Stockhead).

Strandline Resources’ (ASX: STA) successful debt raising for its Coburn mineral sands project in WA has triggered a wave of fresh buy recommendations from leading analysts (reports Stockhead). Senior analysts at brokers including Fosters and Shaws have put price targets well above 50c on the stock (currently ~27c) following news that the company has secured all the required debt for the development of Coburn.

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