News - Fitzgerald Articles

More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm

More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm. His forecast is great news for those juniors with large nickel deposits awaiting development, such as the Jaguar project just acquired by Centaurus from Brazilian giant Vale. Plus, Venturex’s $100m debt deal sets it up to become one of the few ASX-listed copper producers. The display of oomph at last week’s Diggers & Dealers conference in Kalgoorlie was not restricted to the gold stocks.

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Plus, run-away gold price should fuel the urge to merge in junior land

After some PC issues were sorted out, Kalgoorlie’s Palace pub got back to its bustling self in the final days of the Diggers & Dealers bash. And as yesterday became today for the eclectic mix of well-watered miners and money-types, the rumour mill went in to over drive. Sorting out the factual from the nonsense, and then trying to remember which was which as the sun dawned  on another day under Kalgoorlie’s big blue sky, required some effort.

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Plus, $4m Tanga Resources dangles visible copper with assays pending

Plus, $4m Tanga Resources dangles visible copper with assays pending The Misima gold mine on its namesake island in PNG was one of the world’s great gold mines in its day. Between 1989 and 2004, its average annual production was 230,000oz at an average life of mine cost of $US218 an oz. The closure decision by the previous owner, Canada’s since-taken over Placer Dome, was made at a time of sub-$US300 an oz gold prices, would you believe.

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The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs

The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs while nearby juniors Sipa and Antipa are planning holes of their own. Plus, Sandfire-backed White Rock offers investors two projects for the price of one. Exploration in Western Australia’s remote Paterson province is heating up as was expected following Rio Tinto’s belated confirmation in February that its Winu copper-gold discovery was indeed something special.

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Plus, Liontown morphing into lithium city as new research report says the hot stock is just warming up

It is wrong to think that it has been a case of total gloom and doom for lithium equities since January. The sector is down by 50%-plus on fears of over-supply well in to the 2020s and operational shortcomings at the newer operations. It has not mattered that one by one, the world’s biggest auto groups have been pinning their futures to the electric vehicle revolution. In a global market in which two million EV units were sold last year, VW reckons it will do five million units itself in 2025. Same with Toyota, and others have been chiming in.

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And speaking of leverage, PolarX is about to drill some deep holes into a highly-rated porphyry target courtesy of North American major Lundin

Newbie gold producer Dacian (DCN) served up some shock back in early June when it told the market that it should forget about its Mt Morgans operation being a 200,000 oz a year producer for 10 years at a cost of $A1,000 an oz. Its June 5 stock price crashed from $1.58 to 51c, catching everyone in the market – and this space – on the hop. To the credit of executive chairman and CEO Rohan Williams, Dacian has wasted no time getting back to the market with a five and an eight-year mine plan and a stated intention of not raising equity funds to see it through.

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Plus, Marenica buys straw hats in uranium winter

Sunstone (ASX:STM) had a big day out on Tuesday when it updated the market on drilling progress at its multi-target Bramaderos project in southern Ecuador, well away from all the drama up north where 10,000 garimpeiros are said to have overrun a Gina Rinehart exploration property. More than 30 million shares were traded and the stock fell from 4c to 3c on the progress report, with day-trader types, who had presumably taken up positions in the hope of a one hole-discovery, heading for the exit.

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Plus, soaring gold price triggers big bounce in Millennium shares

There were many factors behind the 2017 Pilbara conglomerate gold bubble. But what really pumped up things was one of the great mining promotional events of our time. The September 2017 event was orchestrated by the lead company in the bubble, Canada’s Novo Resources Corp (TSX-V:NVO). Novo organised what’s known in the TV game as a live cross from the Denver Gold Forum to its Purdy’s Reward conglomerate project near Karratha in the Pilbara, a 50:50 joint venture with the ASX-listed Artemis (ARV).

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