News - Fitzgerald Articles

The Ian Gandel-led sharemarket star is now onto a high-grade pod at its Boda porphyry in NSW while Tomingley looks set for a new lease on life and the rare earths project is about to be set free. Plus, Genesis on the fast-track to being a producer

Ian Gandel has long been an enthusiastic supporter of the Aussie mining and exploration industry. It has been nice to see then that his 23.5%-owned Alkane (ALK) where he is chairman has been a star performer of late, rising from 38c in September last year to this week’s $1.24, making for a $685 million company. It was last September that Alkane made its Boda gold-copper porphyry discovery in the northern Molong volcanic belt of NSW’s Macquarie Arc. After a half dozen or so serious follow-up holes since, Boda has been confirmed as something special.

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Plus, Pilbara Minerals’ chief Ken Brinsden explains why the lithium story is no flash in the pan, with many more big mines needed to satisfy looming demand wave

Premier Daniel Andrews’ “why would you want to go there’’ jab in response to being left out of South Australia’s travel bubble had a certain irony about it for active mineral explorers in his state of Victoria. Stavely Minerals’ (ASX: SVY) executive chairman Chris Cairns said this week that when the company listed on the ASX in 2014 in a $6.1 million float focused on the big-time copper potential of the Stavely volcanic belt in western Victoria, he was often asked: why Victoria?

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The hunt for the next big NSW porphyry is hotting up, with the highly regarded team leading the RareX-Kincora campaign saying it’s the “hottest porphyry prospect” after Alkane

Alkane (ASX:ALK) has just about doubled to 99c since its crazy March low of 50c when many thought the world as we knew it was all over because of COVID-19. It has lots of things on the go but the main driver since its March low has been renewed enthusiasm for last year’s Boda discovery in NSW’s central-west to shape up as a tier-one gold-copper porphyry project. On results to date, Boda is clearly the most significant discovery in the region since Newcrest uncovered its Cadia gold-copper riches in the 1990s.

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Plus, New World Resources puts it head down at its Antler copper project and Perseus deal puts Tietto in the M&A spotlight

Exhibiting the same grit showed by his Test cricketing son Marnus, who bounced up from the ground without fuss up after being sconed by a 150km per hour ball from England’s Jofra Archer at Lord’s last year, Andre Labuschagne was not about to let COVID-19 get in the way of his growth ambitions for Aeris (ASX:AIS). Aeris was in the race for the sale of the Cracow gold mine in Queensland by Evolution (ASX:EVN) before the process was parked up because of the pandemic. But a determined Labuschagne convinced Evolution to re-open the sale via Zoom.

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With 2.2Moz already under its belt, Bellevue remains ‘one of Australia’s more exciting exploration stories’. Plus, the punters pour in as Hennigh likens White Rock’s Last Chance to Pogo, Rio stumps up $9m for Antipa’s Paterson play

Ahhh…to have had the clarity around the gold price that exists today back on March 23 when gold stocks were being smashed simply because all other equities were tanking in response to the economic mayhem caused by COVID-19. That moment of wistfulness is explained by using Bellevue Gold (ASX:BGL) an example. It has more than doubled from its March 23 low of 32.5c to 80c.

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The big boys of the fashionable Pilbara gold scene are flying high. But their smaller brethren, such as Calidus and Kairos, are set to play catch-up as the higher gold price is factored into their models.

Ignoring the conglomerate gold bubble of a few years ago, there has been some serious gold value creation in recent times in Western Australia’s Pilbara. De Grey (ASX:DEG) and Capricorn Metals (ASX:CMM) have led the way, with their market caps on a combined basis now knocking on the door of $1 billion.

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Plus, Rex’s strategy to diversify from tardy crow eaters pays dividends and Covid creates opportunities for counter-cyclical investors in the likes of potash explorer Trigg and lithium developer Liontown.

Miners and explorers have adapted smoothly to the world of virtual investor presentations in a COVID-19 world. Only problem with that though is there isn’t a chance to share a couple of beers afterwards with like-minded souls once the computer in the home office has gone back to screensaver mode and the cat wants a pat.

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Plus, $22m Fenix prepares to cash-in on Goldilocks iron ore environment and Sunstone to be a big winner from a re-start of mining in Ecuador

Having a 2.8 million-ounce gold resource under its belt from a mine that proved itself highlighy profitable in the tougher-than-tough $US350/oz gold price of the 1990s hasn’t meant much yet for Kingston Resources (ASX:KSN). That comes through in its modest 13.5c share price for a market cap of $24m, one of more modest valuations per resource ounce that can be found among the ASX-listed juniors. Kingston’s resource is found at the Misima project on the island of the same name some 600km east of Port Moresby in PNG’s Milne Bay province.

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