He’s just become a billionaire, but Tim Goyder says he’s settling in for the long haul, while over at stablemate Chalice, the hunt is already on for Gonneville repeats

And next week’s Breaker AGM fuels talk of imminent gold resource update and lithium assays.    The way newly minted billionaire mining investor Tim Goyder puts it, every man and his dog has been in his ear over the past two years saying his 17 per cent-owned Liontown (LTR) should sell off its Kathleen Valley lithium project to a lithium major.

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Gold, Gonneville, and Glasgow dominated news flow this week but hovering over everything was the inflation genie who burst out of her bottle to send a shudder through global financial markets.

The gold price, which is a distillation of multiple events, rose to a six-month high of $US1862 an ounce before slipping back to around $US1846/oz. A surprise 13.5% increase in official Chinese producer prices for the month of October was the spark for the inflation alert, which is expected to bring forward central bank interest rate increases and an end to the era of super-cheap money.

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Mark Bennett’s explorer snatches much sought-after patch around rich Fosterville mine; And staying in Victoria, Chalice revs its Falcon gold spin-off.

It was kind of neat that the Victorian government finally got around to announcing the winning tenders for exploration blocks around the Fosterville gold mine near Bendigo just days before the running of the Melbourne Cup. Fosterville, owned by Canada’s Kirkland Lake, again provided the gold for the actual cup, an act of generosity and community engagement that one of the world’s highest grade and most profitable gold mines could well afford.

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Energy (ancient and modern) dominated news flow this week in the lead up to next week’s climate change gabfest in Glasgow, and while important from a long-range perspective, it was another whiff of rising interest rates which affected short-term trading.

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Alicanto Minerals' shares jumped to a 12-month high after the company crowed about uncovering a “world-class” zinc-silver-lead intercept at its Sala prospect in Sweden (reports MiningNews).

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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.

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China’s power crisis boosted prices for all forms of energy this week, though Australia’s full hand of coal, oil, gas, uranium, and renewables helped suppress investor anxiety about the threat of stagflation, an unpleasant mix of value-destroying low growth and high inflation. Adding to the sense of a sea-change in underlying economic fundamentals was a fresh burst of concern about rising interest rates and the withdrawal of easy central bank money which has propped up global asset values.

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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.

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7th - 8th Jun 2022

RRS 2022 Gold Coast Conference

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