Our most successful “prospector”, Mark Creasy, has broken cover to confirm that his privately held Great Southern Nickel has indeed made what he thinks could be a substantial nickel-copper-cobalt discovery in Western Australia’s Fraser Range.
It’s almost time to take in some of Kalgoorlie’s big blue sky at the annual Diggers & Dealers bash. Given the astonishing cash-build inside the gold producers, one of the key themes expected to emerge inside the big tent and various watering holes at D&D is a step up in merger & acquisition activity among the mid-tier gold producers. The feeling is that the dam wall is going to burst before long.
Plus, knocked-down Explaurum starts fightback with strong drilling results from WA gold project
Independence Group’s (IGO) recasting of itself as a battery materials specialist following the recent sale of its second-rate zinc/copper assets for $120 million requires the establishment of a supporting multi-decade nickel, copper and cobalt resource base.
Its $1.8 billion acquisition of the Nova nickel-copper-cobalt project in 2015 by taking over Sirius Resources is the linchpin in the battery materials strategy, but IGO needs to find a couple more Novas to give the strategy any real meaning, or point of differentiation.
Plus, more exploration results fuel talk of Rio’s ‘big copper find in WA’
Our most successful “prospector”, Mark Creasy, has just notched up 50 years in the game and he is in a reflective mood.
“I’ve got a half a century up and I was just wondering when will I start producing daisies,” Creasy said.
But when asked about strong industry speculation that he has notched up yet another discovery, Creasy was tight-lipped.
Plus, Rio’s deal with little Alloy is more evidence the multi-national has landed a big copper find in WA
Tolga Kumova reckons he is “bloody excited’’ about what might come from the drilling program that has just kicked off at Alderan Resources’ (ASX: AL8) Frisco copper project in Utah.
He’s got close to 15% of the stock after picking up another 600,000 shares earlier in the week. So he’s got a lot riding on the drill program, one which is targeting the big time potential of AL8’s flagship Accrington/Perseverance prospects at the Beaver County property.