And speaking of De Grey, Fraser Range pops up as a neighbour, adding another string to its bow...
Leonora gold explorer/developer Kin Mining is back on the radar after Kerry Harmanis of Jubilee Mines nickel fame took the opportunity presented by Kin’s recent capital raising to increase his stake from 15.2% to 17.1%.
Harmanis is the guy who built Jubilee from a spec stock to the $3.1 billion company that Mick Davis’ Xstrata took over in 2007. To Harmanis’ credit, he has continued to be a supporter of junior explorers ever since.
Kin (ASX:KIN) has been one of those.
The road back to normality started this week as Covid-19 infections faded, but shrewd investors will be watching carefully for potholes while also recognising that the smoothest ride will be on a street paved with gold...
The road back to normality started this week as Covid-19 infections faded, but shrewd investors will be watching carefully for potholes while also recognising that the smoothest ride will be on a street paved with gold.
Encouraging as the public health news might be, the reality is that the global economy has taken a fearsome pounding with a very real risk of regression into extended lockdowns and double-dip downturns for countries which rush their return.
Amid grim times in the WA junior sector, Chalice Gold Mines is proving that a genuine greenfields mineral discovery will always capture the imagination of the market (reports The West Australian).
The company’s recently revealed nickel sulphide find on the doorstep of Perth has sent its shares soaring from about 20¢ last month to more than $1.
Chalice managing director Alex Dorsch admits it’s a “bizarre time” to make a discovery.
A new phase of exploration has been mapped out over three key prospects areas located just 16km from Legend Mining’s (ASX: LEG) recently confirmed Mawson nickel-copper discovery, providing upside for base metals developer Orion Minerals (ASX: ORN).
This is the conclusion of highly experienced Sydney-based resource analyst Gavin Wendt, who says Orion’s Fraser Range joint venture with Independence Group (ASX: IGO) could provide “activity and news-flow for investors”.
The discovery of palladium near the Julimar State Forest between Toodyay and Bindoon promises to be a game-changer in more ways than one for WA (reports Tim Treadgold in Business News).
Not only could Julimar plug a hole in the state’s minerals inventory by becoming the first palladium mine at a time when the precious metal is in high demand in the catalytic converters of petrol-powered vehicles, it could rekindle interest in what other metals might be found along the boundaries of the Darling Scarp.
And now Liontown, Chalice’s stablemate and neighbour, is looking for a Julimar of its own in ‘similar geological terrain’ while Cassini says me-too. Plus, there’s a new Canadian player in the Victorian gold game and action aplenty at Navarre.
STOP PRESS: It was mentioned here back in January that 2020 was shaping up as a big year for Strandline (ASX:STA) as it set about delivering the big-time potential of its zircon-rich Coburn project in WA’s Mid-West.
Interesting to see then that Strandline went into a trade halt late yesterday pending an announcement on the “execution of material commercial agreements for the Coburn mineral sands project”.
Discovery and development news, plus a rare “speeding ticket”, were highlights of what has been one of the better weeks for Australian resources stocks since the coronavirus flattened confidence
Discovery and development news, plus a rare “speeding ticket”, were highlights of what has been one of the better weeks for Australian resources stocks since the coronavirus flattened confidence, with fingers crossed that the trend can continue.
Chalice Gold led the way with a 50c (80%) rise to 99c after releasing fresh results from its Julimar nickel and palladium discovery near Perth, a find with the potential to become Australia’s first palladium mine.
Shares in Chalice Gold Mines skyrocketed after the explorer confirmed a nickel-palladium discovery on Perth’s doorstep
Shares in Chalice Gold Mines skyrocketed after the explorer confirmed a nickel-palladium discovery on Perth’s doorstep (reports The West Australian).
The Tim Goyder-chaired company this morning said recent drilling at its Julimar project, 70km north-east of Perth, had intersected a new wide, high-grade palladium-nickel-copper zone about 60m east of its original discovery hole reported last month.