News

Geochemical sampling results rarely warrant a standalone research note from a mainstream broking firm.

Geochemical sampling results rarely warrant a standalone research note from a mainstream broking firm. But in the case of Liontown Resources’ (ASX: LTR) announcement from its Moora project in WA this week, the scale and tenor of its results – and the project’s location at the northern end of the exciting new Julimar nickel province – prompted analyst Dr Chris Baker from Bridge Street Capital to delve into the detail.

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Chalice Gold Mines has intersected a new style of platinum group elements-copper-gold mineralisation at its Julimar discovery northeast of Perth (reports MiningNews).

Chalice Gold Mines has intersected a new style of platinum group elements-copper-gold mineralisation at its Julimar discovery northeast of Perth (reports MiningNews). The wide mineralised interval was below the extended high-grade G1-G2 zones at the Gonneville Intrusive. Drilling returned 23.9m at 1.7 grams per tonne palladium, 0.4gpt platinum, 0.5gpt gold, 0.1% nickel, 0.7% copper and 0.02% cobalt from 314.9m to the end of the hole, including 10.1m at 2.9gpt palladium, 0.6gpt platinum, 1.2gpt gold, 0.1% nickel, 1.3% copper and 0.01% cobalt.

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This week’s 33 per cent share price jump for Centaurus Metals (ASX: CTM) on the back a strong maiden resource estimate for its Jaguar nickel project in Brazil could be just the start of a sustained upward run for the stock

This week’s 33 per cent share price jump for Centaurus Metals (ASX: CTM) on the back a strong maiden resource estimate for its Jaguar nickel project in Brazil could be just the start of a sustained upward run for the stock, according to a raft of new broker notes released this week. The maiden Jaguar global resource of 517,000t of contained nickel at an average grade of 1.08% Ni sparked the release of four significant new research notes on the company, with target prices ranging from 62 to 95c.

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Strandline Resources continues to win strong support from broking houses around the country, with Hartleys the latest to increase its share price target on the emerging mineral sands producer.

Strandline Resources continues to win strong support from broking houses around the country, with Hartleys the latest to increase its share price target on the emerging mineral sands producer. In a new report released this week, Hartleys said its target for Strandline shares is now 42c (current price 27c). Strandline is in the throes of finalising funding for its Coburn project near Shark Bay in WA.

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Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL)

Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL) once again to $1.45-a-share (from $1.35 previously) following further positive news this week from the Company’s namesake WA gold project. According to Canaccord’s Perth-based resource analyst Tim McCormack, Bellevue is “ticking all the boxes” at its high-grade Bellevue project with the latest update continuing to “validate the project as an exciting, low capex development proposition in our view.”

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Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR)

Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR), with a Speculative Buy recommendation and 19cps valuation, well north of its recent trading price of 10-11c. In a detailed research report released this week, Bell Potter analyst Stuart Howe says Liontown is positioned to develop an “attractive project” at its flagship Kathleen Valley project in WA as the lithium market’s fundamentals are expected to significantly improve and support higher prices.

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Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN)

Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN) 100%-owned Julimar Nickel-Copper-PGE Project, located just ~70km north-east of Perth in Western Australia. Three rigs (two RC and one diamond) are currently drilling at the Gonneville Intrusive, where Chalice recently made a high-grade Ni-Cu-PGE discovery in March 2020.

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Sydney-based Bridge Street Capital has increased its valuation for lithium developer Liontown Resources

Sydney-based Bridge Street Capital has increased its valuation for lithium developer Liontown Resources (ASX: LTR) from 17c to 21c after incorporating inputs from the company’s latest development update on its flagship Kathleen Valley lithium-tantalum project in WA.

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