News

Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review).

Miners have entered 2021 in good shape as the strength of China’s COVID-19 recovery continues to surprise and governments around the world dig deep with stimulus packages (reports The Australian Financial Review). UBS is forecasting global economic growth of 6.1 per cent and growth of 8.2 per cent in China, the epicentre of resources and commodity demand.

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Argonaut’s latest annual compilation features diverse mix of commodities and locations. In the mix is Bardoc Gold, which a fellow broker says is yet to get the love it deserves from investors.

If only there was a tried-and-true method of determining when a project gives its junior resources company owner the right stuff to outperform in the next 12 months. Well, a neat bit of annual research by Argonaut gets as close to a tried-and-true method as could be hoped for by investors. It’s called “Argonaut’s Best Undeveloped Projects (BUPs),” with the resources corporate adviser/stockbroking firm having just completed its 2020 review.

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Rio Tinto has confirmed delays and a major cost blowout at its flagship copper project in Mongolia, saying the underground expansion of its Oyu Tolgoi project will come in more than a quarter over the original budget (reports The Australian).

Rio Tinto has confirmed delays and a major cost blowout at its flagship copper project in Mongolia, saying the underground expansion of its Oyu Tolgoi project will come in more than a quarter over the original budget (reports The Australian). The underground operation at the giant mine — scheduled to become the biggest copper operation in the world when complete — will be delivered by October 2022, marking a near two-year delay from the original timeline.

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A new research report has flagged Orion Minerals’ (ASX:ORN) Prieska copper-zinc project in South Africa as a low risk, build-ready development (reports Stockhead).

A new research report has flagged Orion Minerals’ (ASX:ORN) Prieska copper-zinc project in South Africa as a low risk, build-ready development (reports Stockhead). And with copper prices testing eight-year highs due to falling stockpiles, strong long-term demand and optimism about stimulus-fuelled post-COVID economic recovery, the timing seems to be right for the company to start project construction in 2021 with production beginning in 2023.

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Highly-regarded Cape Town-based independent analyst and portfolio manager Simon Hudson-Peacock has issued a comprehensive research report on base metals developer Orion Minerals (ASX: ORN) with a “robust” base case valuation of 6.3cps

Highly-regarded Cape Town-based independent analyst and portfolio manager Simon Hudson-Peacock has issued a comprehensive research report on base metals developer Orion Minerals (ASX: ORN) with a “robust” base case valuation of 6.3cps – well north of its recent trading price of 2.9-3.0cps. The consultant mining analyst and former fund manager describes Orion’s flagship Prieska copper-zinc project in South Africa’s Northern Cape as a “low-risk, build-ready copper-zinc project” which is fully permitted and compliant with the country’s Mining Charter III.

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Is the boom back? Maybe, is the only correct answer to that provocative question after a remarkable week on global markets triggered by confidence in the success of Covid-19 vaccinations.

Is the boom back? Maybe, is the only correct answer to that provocative question after a remarkable week on global markets triggered by confidence in the success of Covid-19 vaccinations. On one side of the returning-boom debate was the evidence of commodity markets where iron ore and copper hit seven-year price highs and gold shrugged off last week’s price correction to move back above the $US1800 an ounce mark.

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Plus, imminent PFS could spark re-rating for Kingston and sold-down Rumble offers punters several leveraged exploration plays

It hasn’t taken long for Neil Biddle to get some pep into the share price of the formerly sleepy Greenvale Mining (GRV). Greenvale got a mention here back on September 10 when it was a 4.2c stock. It has since marched to 10.5c for a market cap of $35 million. There are two forces at work. There are those punters getting behind Biddle after following him at Pilbara Minerals (PLS), which he turned from a stock going nowhere to one of the biggest hard rock lithium-tantalum producers in the world.

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Plus, Northern Star’s Bill Beament says his stock is a ‘screaming buy in the $14s’ and Kairos steps up the hunt for a Hemi of its own

The market cap of Chalice Gold has just sailed through the $1 billion mark (fully diluted) as enthusiasm builds around the world-scale potential of its Julimar PGE-nickel-copper-cobalt discovery just 70km from Perth. The stock’s remarkable journey from 15c at the time of the discovery in March to $3.25 in Thursday’s market – up 6c on the day – makes it a 22 bagger, if you don’t mind.

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14th - 15th Dec 2021

RRS 2021 Gold Coast Conference

In light of the continued escalation in the COVID-19 situation in Eastern Australia, we have made the decision to reschedule this year’s Resources Rising Stars Gold Coast Conference to Tuesday 14th

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