News

It’s been five years of hard graft for Orion Minerals with its Prieska copper-zinc project in South Africa (reports The West Australian).

It’s been five years of hard graft for Orion Minerals with its Prieska copper-zinc project in South Africa (reports The West Australian). But the company’s diligence is beginning to pay off with investors sending its shares to a near 12-month high of 3.2¢ yesterday. Orion reported this week it had secured all permits for the refurbishment and eventual restart of the historic mine.

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Kairos Minerals (ASX: KAI) has begun a 5,000m reverse circulation (RC) drilling program at its growing Pilbara gold project in Western Australia (reports Small Caps).

Kairos Minerals (ASX: KAI) has begun a 5,000m reverse circulation (RC) drilling program at its growing Pilbara gold project in Western Australia (reports Small Caps). Drilling is now underway at what the company calls the “exciting” Fuego prospect with the Mt York prospect to follow. This is part of a large 2020 exploration program that includes soil and rock chip sampling, mapping, airborne magnetic and radiometric surveys, sub-audio magnet surveys as well as RC drilling.

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With its nickel, copper and gold assets ticking over, a A$65 million exploration budget, and around $450 million in cash, managing director Peter Bradford is convinced IGO can be a player in the M&A space

With its nickel, copper and gold assets ticking over, a A$65 million exploration budget, and around $450 million in cash, managing director Peter Bradford is convinced IGO can be a player in the M&A space this year, with the miner looking at its core metals, a downstream nickel sulphate business, and lithium rare earths opportunities (reports MiningNews).

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Volatility ruled financial markets this week with gold’s roller-coaster ride a perfect example of what to expect for the rest of the year.

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Plus, its Fosterville frustration as tensions mount over Victoria’s tardy bureaucracy, Hugh Morgan’s gold float starts rattling the can and Chalice’s gold cup runneth over.

There is nothing like a game-changing discovery to fire-up interest in a region’s potential to host another one. That’s what has happened in the Pilbara, where investor interest in its gold potential has long suffered in comparison with the Yilgarn down south. But De Grey changed all that late last year with its intrusion-related Hemi discovery about 80km south of Port Hedland.

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Plus, Auteco has plenty to Pickle Crow about with its Canadian project looking set to burst through the 1Moz barrier this year.

Congratulations to Elon Musk for steering Tesla to its fourth quarterly profit in a row, positioning it for inclusion in the Standard & Poor’s 500 index with all the market-weighting implications that brings. And thanks to our own Sam Riggall, CEO of the ASX-listed Clean TeQ Holdings (CLQ), for forwarding on some interesting nickel comments Musk made during his overnight earnings call. Asked what was Tesla’s biggest constraint at the moment, Musk responded: “It’s all about nickel.’’

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Silver, the poor-man’s gold, set the pace this week as investors accelerated their flight to safety

Silver, the poor-man’s gold, set the pace this week as investors accelerated their flight to safety, driven by concern about Covid-19’s ongoing economic damage and the potential for a powerful return of inflation, which can damage the value of financial assets such as cash. Since the middle of last month, silver has risen by 35% to $US23.14 an ounce, easily outstripping gold’s 9% rise over the same time to a nine-year high of $US1868/oz as the value of the US dollar continued to slide and some US interest rates went deeper into negative territory.

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Chalice Gold Mines has taken an option to earn up to a 70% stake in the South West nickel-copper project which has a “Julimar lookalike” target

Chalice Gold Mines has taken an option to earn up to a 70% stake in the South West nickel-copper project which has a “Julimar lookalike” target, a reference to the company’s headline-making discovery in March (reports Small Caps). In a deal with Venture Minerals (ASX: VMS), Chalice will farm into this new project, which lies near the highly prospective western margin of the Yilgarn Craton in Western Australia and has had limited historical exploration.

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