News

Timing is everything in the mining business – and it seems Alaskan copper-gold explorer PolarX is about to make its run just as investor interest in its end of the market hits fever pitch.

Timing is everything in the mining business – and it seems Alaskan copper-gold explorer PolarX is about to make its run just as investor interest in its end of the market hits fever pitch. After waiting months for the snow to melt, PolarX is now preparing to resume drilling at its Zackly deposit, where the resource already stands at 3.4 million tonnes grading 1.2 per cent copper and 2gpt gold.

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One door shuts and another opens. That’s the best way to see this week’s change-over in commodity market sentiment

One door shuts and another opens. That’s the best way to see this week’s change-over in commodity market sentiment as iron ore started its inevitable decline after a spectacular 12-months to be replaced by strong demand and higher prices for copper, nickel and gold. The flip will not be immediate or universal but the trend is there for anyone to see, once you get past the latest outbreak of Covid-19 panic in the US and other parts of the world, including Australia’s own problem State, Victoria.

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Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years.

Macquarie believes commodities are in the early stages of a mini-upcycle that could play out over the next 1-3 years. Analysts believe the wave of stimulus spending by global governments to aid the recovery from the COVID-19 pandemic will drive demand for commodities. "We believe a mini-upcycle in commodities started in April 2020 (a month after the low in equities)," Macquarie said.

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Stavely Minerals continues to be surprised “by the incredible consistency and continuity of mineralisation” in the Cayley Lode, part of the Thursday’s Gossan copper-gold discovery in Victoria (reports Stockhead).

Stavely Minerals continues to be surprised “by the incredible consistency and continuity of mineralisation” in the Cayley Lode, part of the Thursday’s Gossan copper-gold discovery in Victoria (reports Stockhead).

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Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years

Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years. The problem with the no-rate increase comments from the Federal Reserve chairman Jay Powell is that while they might be good for gold, they reflect a downbeat outlook for US and global growth.

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Gold took a back seat to other commodities this week as investors decided that the Covid-19 pandemic is over and it’s time to make some money.

Gold took a back seat to other commodities this week as investors decided that the Covid-19 pandemic is over and it’s time to make some money. It might be stretching the point but one interpretation of recent events is that financial markets have “de-coupled” from politics and assorted health and public order concerns such as those seen in US unrest.

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Fresh from releasing the updated bankable feasibility study for its Prieska copper-zinc project in South Africa, Orion Minerals is in advanced financing and partner talks ...

Fresh from releasing the updated bankable feasibility study for its Prieska copper-zinc project in South Africa, Orion Minerals is in advanced financing and partner talks (reports MiningNews). The updated study delivered a 43% increase in undiscounted pre-tax free cashflows to A$1.6 billion, or A$1.2 billion post-tax. The net present value increased by 36% to $779 million pre-tax, or $552 million post-tax, while the pre-tax internal rate of return is up by 5% to 39%.

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Plus, Rex’s strategy to diversify from tardy crow eaters pays dividends and Covid creates opportunities for counter-cyclical investors in the likes of potash explorer Trigg and lithium developer Liontown.

Miners and explorers have adapted smoothly to the world of virtual investor presentations in a COVID-19 world. Only problem with that though is there isn’t a chance to share a couple of beers afterwards with like-minded souls once the computer in the home office has gone back to screensaver mode and the cat wants a pat.

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11th Aug 2020

Investor webinar featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining

Join us for our next investor webinar on Tuesday, 11 August 2020 featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining.

10th - 11th Nov 2020

Gold Coast Conference

With increasing global uncertainty regarding the outbreak of COVID-19 and in light of the latest advice from the Australian Government, including an indefinite ban on large indoor gatherings and in

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