News - Fitzgerald Articles

Plus, DGO joins the great ‘Pilbara gold boom’, Talisman prepares for a copper monty and Whiteback to start drilling its big WA oil prospect

Zinc’s spectacular 48% price rise to $US1.40/lb from last (calendar) year’s average of 95c/lb is forcing a rethink on valuations across the bunch of near-development plays in the metal on the ASX. It’s a case of valuations having to catch up with the runaway metal price. The biggest of the plays, New Century Zinc (NCZ) with its tailings retreatment plans for the mothballed Century mine in north Queensland, is a case in point.

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Plus, London insto climbs aboard copper explorer Auris and a host of imminent newsflow could see emerging gold producer Explaurum re-rated

More often than not it pays to know who has taken up shares in a placement rather than just knowing the quantum and pricing of the fund raiser.

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There is a huge disconnect between the emerging lithium producer’s market cap and its impending cashflow – but how long can it last? Plus, Rumble Resources joins the red-hot zinc sector

Ken Brinsden is an unflappable sort of guy. But there was a sense of exasperation from the Pilbara Minerals (ASX:PLS) chief executive earlier in the week on the subject of the apparent disconnect between the market’s treatment of ASX-listed lithium stocks this year and the “absolutely ballistic’’ growth in China’s lithium-ion battery market. Brinsden is gobsmacked that a basket of ASX lithium stocks (including Pilbara) are down by 12 per cent in the year-to-date against an 18 per cent increase in the China domestic price for battery- grade material.

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Plus, Red 5 wins a plug from Gold Fields and Saracen, Metal Bank highlights big potential for its Triumph gold find, Blackstone buzzes on back of its cobalt buy and Allan Kelly returns with Riversgold

Kalgoorlie turned on the weather for this year’s Diggers & Dealers bash which was just as well given the difficulty which the more hardy of the 2200 delegates had finding a taxi after 2am.

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Plus, the whiff of a big find at Jundee, Geopacific starts re-rating on Kula success, Tawana set to fly through lithium’s open window and Slovakian gold hopeful to bang IPO drum in Kalgoorlie

Diggers & Dealers kicks off in Kalgoorlie next week with the biggest roll up in five years expected. The 2000-plus mining and finance types due to rock up are doing so with the hope of divining something they did not already know, thrown in with a liberal dose of bonhomie. But the fun police at ASIC insist nowadays that companies release market sensitive information when it comes to hand.

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Rising price of the red metal puts spotlight on Avalon. Plus, Oklo shares get a wriggle on as first assays dribble in from its Mali gold project

There is nothing quite like a spike in the copper price to lift the mood in the mining space.

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Plus, Breaker’s growing gold discovery puts it on the takeover radar

Jervois (ASX:JRV) has been knocking around the junior end of the mining market since before most of us were born.

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Plus, Kairos adds a cobalt leg in an emerging area just south of Breaker Resources’ world-class gold discovery

Rio Tinto is not spending $US1.9 billion on developing its Amrun bauxite project south of Weipa on Cape York Peninsula on a wing and prayer. Due to start production in the first half of 2019, Amrun’s planned annual output of 22.8 million tonnes will both augment Rio’s existing Weipa operation, as well as allow a step-up in exports of the alumina/aluminium raw material to China. The stepped-up export opportunity comes from the hand-over-fist growth in China’s aluminium industry, and the demands it is making on China’s domestic supplies of bauxite.

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