News

Copper explorer Stavely Minerals is on track to define and develop a high-grade, long-life copper mine at its namesake project in Victoria, with the added speculative appeal of a Tier-1 porphyry deposit.

Copper explorer Stavely Minerals (ASX: SVY) is on track to define and develop a high-grade, long-life copper mine at its namesake project in Victoria, with the added speculative appeal of a Tier-1 porphyry deposit at depth, according to respected Sydney-based resource analyst Jean-François Bertincourt. JF Bertincourt, whose equity research firm Terra Studio covers a number of emerging resource stocks, is a former senior mining analyst with Canaccord and a Vice President with banking giants BNP Paribas and Société Générale.

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Leading Sydney-based equity capital markets group Bridge Street Capital has upgraded its outlook for lithium developer Liontown Resources (ASX: LTR), saying it still has further “re-rating potential” despite a strong recent trading performance.

Leading Sydney-based equity capital markets group Bridge Street Capital has upgraded its outlook for lithium developer Liontown Resources (ASX: LTR), saying it still has further “re-rating potential” despite a strong recent trading performance. Liontown is now trading in line with the Bridge Street’s earlier 43c valuation but could go a lot higher, according to a new research report by the Sydney-based firm, making it one of its strongest recommendations in the lithium sector.

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A highly regarded South African-based independent investment analyst has provided an upbeat assessment of Orion Minerals’ (ASX: ORN) recently announced option to acquire a dominant ownership position in the highly prospective Okiep Copper Complex in South

A highly regarded South African-based independent investment analyst has provided an upbeat assessment of Orion Minerals’ (ASX: ORN) recently announced option to acquire a dominant ownership position in the highly prospective Okiep Copper Complex in South Africa’s Northern Cape Province. According to investment analyst and portfolio manager Simon Hudson-Peacock, the proposed deal provides “further significant upside” to his existing base case valuation range for Orion Minerals of 6.3-9.9c per share.

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Several major brokers were quick to lift their price targets for Centaurus Metals (ASX: CTM) after the fast-growing nickel developer unveiled an updated Mineral Resource estimate for its flagship Jaguar project in Brazil last week.

Several major brokers were quick to lift their price targets for Centaurus Metals (ASX: CTM) after the fast-growing nickel developer unveiled an updated Mineral Resource estimate for its flagship Jaguar project in Brazil last week. The updated Resource, following six months of in-fill drilling, resulted in a 50% increase in Indicated Resources to 223,000 tonnes of contained nickel, with the global estimate increasing to 58.6 million tonnes grading 0.95% Ni for 557,800 tonnes of contained nickel.

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acquarie Equities has maintained its Outperform recommendation for nickel developer Mincor Resources (ASX: MCR)

Macquarie Equities has maintained its Outperform recommendation for nickel developer Mincor Resources (ASX: MCR) in the wake of its well-received December quarterly report, issuing a 12-month price target of $1.40 per share. Mincor shares were trading yesterday at around $1.03 per share. In an updated research note, Macquarie says Mincor has commenced development activities at its Durkin North and Cassini mines at Kambalda, with total development metres in line with DFS estimates.

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The value of lithium developer Liontown Resources (ASX: LTR) is “increasingly leveraged” to exploration success at its earlier stage Moora exploration project in WA, according to Bell Potter Securities

The value of lithium developer Liontown Resources (ASX: LTR) is “increasingly leveraged” to exploration success at its earlier stage Moora exploration project in WA, according to Bell Potter Securities, but remains underpinned by its “globally significant” Kathleen Valley lithium project. In an updated research note, Bell Potter analyst Stuart Howe has increased his risked valuation of the stock to 55c (compared with its current price of ~40c) and reiterated a Speculative BUY recommendation.

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Perth-based broker Argonaut Securities has maintained its Speculative Buy recommendation at a revised valuation of 12c per share

Perth-based broker Argonaut Securities has maintained its Speculative Buy recommendation at a revised valuation of 12c per share (previously 10c) for gold developer Genesis Minerals (ASX: GMD). The stock is currently trading around 8c. In an updated research note, Argonaut analyst Royce Haese has compiled an “updated development scenario” for the company’s flagship Ulysses gold project in WA, factoring in recent exploration results and with an updated mineral resource estimate and feasibility study imminent.

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East Coast corporate advisory and equity capital markets outfit Rawson Lewis has increased its valuation of Bardoc Gold (ASX: BDC) to 22c/share and its price target to 18c/share, after the WA gold developer snared a crucial gold concentrate off-take deal

East Coast corporate advisory and equity capital markets outfit Rawson Lewis has increased its valuation of Bardoc Gold (ASX: BDC) to 22c/share and its price target to 18c/share, after the WA gold developer snared a crucial gold concentrate off-take deal just before Christmas.

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