News - Fitzgerald Articles

And the falling stockpiles are more good news for Mincor and its growing Cassini discovery

Copper is the favoured metal of the big end of town miners like BHP and Rio Tinto when it comes to allocating exploration dollars. Revved up in part by the electric vehicle revolution and the electrification of Asia, demand for the red metal will certainly move in the right direction in the years to come. But does that mean that the price will also head higher from what veteran minerals economist Richard Schodde at MinEx Consulting calls the “wisdom of the crowd” on long-term prices, or the consensus of economic forecasts put another way?

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Plus, Strandline hints at sale of a stake in large WA mineral sands project and South Africa Inc lines up to back Orion’s base metals project   

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Plus, smart money finding its way into gold juniors such as Gateway and Bardoc

Western Australia’s hard-rock lithium stocks have received a much-needed leg up from car giant Volkswagen as it sets about securing supplies for its almighty push into electric vehicles. The vigour with which the maker of the original people’s car all those years ago is pursuing an EV strategy (70 new EV models to be launched over the next 10 years and a quarter of all sales by 2025) has much to do with its recovery from the 2015 “dieselgate” scandal.

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Plus, new research report tips Venturex shares to triple as its copper project gathers momentum

When Rio Tinto (ASX:RIO) finally broke cover in February on its Winu copper-gold discovery in WA’s Paterson province, it made clear that drilling had yet to close off the mineralisation beneath the region’s sand dunes. The February confirmation contained the first assay results from 14 diamond holes (and partial results from another two) in last year’s drilling program.

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Plus, Peak Resources among the juniors poised to jump into rare earths spotlight

The WA gold sector has not exactly been shooting the lights out of late. Despite the local gold price trading at a near-record $1850 an oz, there have been a couple of small producers go out the back door and some that look they might any time soon. Why, even one of the big boys, St Barbara, has got in the act, with its share price resetting 30% lower in one hit last week when it revealed lower long-run production figures for its Gwalia mine.

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The swagger of the nickel companies at a battery metals conference in Perth during the week was palpable

The swagger of the nickel companies at a battery metals conference in Perth during the week was palpable. Nickel’s price performance of late does not explain the swagger. After a heroic run to $US7/lb in the middle of last year, the price got beaten up something shocking in the second half with just about everything else on US-China trade war fears.

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The value of low-grade but bulk-tonnage porphyry copper/gold deposits has come into sharp focus for the local market as a result of Newcrest’s (ASX:NCM) $1.14 billion acquisition of a 70% interest in the Red Chris mine in British Columbia.

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After falling sharply over the past six months, there is fresh hope that lithium prices could be set for a comeback as demand from the EV market surges.

The Western Australian hard-rock lithium brigade got beaten up something shocking last year as contracted prices for 6% spodumene weakened from more than $US1,000t in the September quarter to $USUS930/t in the December quarter. Prices - based on quarterly pricing for the Mt Marion project kindly posted by Mineral Resources (MIN) – have fallen further for the current March quarter to $US791/t, which when stacked up against forecast production costs and a friendly US70c exchange rate, is still not all that bad.

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