News

A keenly-awaited pre-feasibility study shows that Kingston Resources (ASX: KSN) can bring the Misima gold mine back to life, to produce about 130,000 ounces per annum over a 17-year mine life (reports Small Caps).

A keenly-awaited pre-feasibility study shows that Kingston Resources (ASX: KSN) can bring the Misima gold mine back to life, to produce about 130,000 ounces per annum over a 17-year mine life (reports Small Caps). The company described the PFS, released today, as showing a project with “compelling” economics, a long life, low capital intensity and “outstanding” growth potential.

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Macquarie Research has initiated coverage on Chalice Gold Mines (ASX: CHN) with an outperform rating and $1.80 price target

Macquarie Research has initiated coverage on Chalice Gold Mines (ASX: CHN) with an outperform rating and $1.80 price target, describing its Julimar nickel-PGE discovery in Western Australia as “one of the most significant greenfield discoveries in recent years”. Macquarie says it believes that drilling has already defined a deposit at the Julimar project, located ~70km north-east of Perth, that could underpin a ~270kozpa PGE operation with ~20ktpa of nickel-copper-cobalt by- products.

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A recent site visit to Genesis Minerals’ (ASX: GMD) recently expanded Ulysses gold project in Western Australia has struck a chord with Argonaut Securities

A recent site visit to Genesis Minerals’ (ASX: GMD) recently expanded Ulysses gold project in Western Australia has struck a chord with Argonaut Securities, with the broker saying the project offers “significant value upside”. Argonaut analysts Michael Eidne and Matt Keane have reaffirmed the broker’s Speculative Buy recommendation on the $142 million gold explorer-developer, with a 10c target price (compared with the recent trading price of 7.8-8c). “We were impressed with the operations and the infrastructure in place,” Eidne wrote in a recent update note.

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The prospect of further offtake agreements and completion of project funding has prompted Foster Stockbroking to increase its price target for emerging mineral sands producer Strandline Resources.

The prospect of further offtake agreements and completion of project funding has prompted Foster Stockbroking to increase its price target for emerging mineral sands producer Strandline Resources. Foster lifted its price target from 42c a share to 53c this week (shares are currently 25c), citing several impending share price catalysts as it counts down to the start of construction at its Coburn mineral sands project in WA.

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Amid the welter of financial reports released this week, Mincor Resources (ASX: MCR) gave the market another strong signal that it is firmly on track with its nickel restart plans in Kambalda, issuing a project update which was welcomed by analysts at two leading broking firms.

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“Exceptional” new intercepts reported earlier this week by Chalice Gold Mines (ASX: CHN) from its Julimar discovery near Perth have prompted North American brokerage Red Could Securities to compare the discovery to the world-class Sudbury deposit in Canada.

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Shares in WA gold explorer Breaker Resources (BRB) are set to double, says broker Canaccord, as the company grows the inventory at its Lake Roe project, 100km from Kalgoorlie.

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The recently acquired Botswana copper assets are shaping up as the key future story for mid-tier base metal producer Sandfire Resources (ASX: SFR), according to an updated research note by BofA Securities

The recently acquired Botswana copper assets are shaping up as the key future story for mid-tier base metal producer Sandfire Resources (ASX: SFR), according to an updated research note by BofA Securities, part of the global investment bank Bank of America. According to BofA analyst Sophie Spartalis, the company’s recent June quarterly report revealed that Botswana was “shaping up better” on exploration with “significant potential” for increased scale through the development of a processing hub strategy based around the T3 copper development project.

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