News - Fitzgerald Articles

Plus, Piedmont looking to tap into US auto industry with its made-in-America lithium and Kirkland’s stunning Fosterville shows it is on track to be Australia’s best gold mine

Thanks to its marketing and trading arm, Glencore has a better feel than most for what’s going on out there in commodity markets. And because of the confidence that comes from having a big stake in the company, Glencore boss Ivan Glasenberg doesn’t waffle on the subject like so many of the paid servants at other miners do. Glasenberg was his adroit self when running through the commodity outlook at Glencore’s profit result call this week. The highlight had to be his thoughts on copper.

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Plus, Tawana set for re-rate on imminent lithium production

What do you do if you’re within seven weeks or so of producing your first gold from a shiny new 200,000 ounce-a-year treatment plant to be fed by both underground and open-cut mines where you’ve proved up an initial 1.2m ounce mining reserve? You go out a find a third potential source by making a significant discovery that sits between the two mines, less than 10km from the treatment plant. And when the new discovery raises the likelihood of being able to run softer oxide material through your new plant to boost gold production in its early years, all the better.

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Plus, Centaurus’ local knowledge lands it a highly prospective Brazilian nickel-cobalt play alongside Anglo and Vale

A diary entry shows that the misnamed Hill End Gold (HEG) must be close to releasing a maiden resource estimate for its Yendon high-purity alumina (HPA) project some 25km south-east of Ballarat. It is bound to gain attention as HPA is following in the footsteps of previously ignored specialty materials like graphite and cobalt which are enjoying super-charged growth in demand due to their use in a range of new and hi-tech applications.

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Plus, Red 5 makes a strong start to life as a WA gold miner

It is a case of back to the future for billionaire mining entrepreneur Robert Friedland’s ASX-listed Clean TeQ (ASX:CLQ). In the past two years, Clean TeQ – owned 16.3% by Friedland and 16% by China’s Pengxin Mining – has been something of a tearaway success, growing from $70m to the $800m-plus company it is today, headed as it is towards nickel and cobalt sulphate production for the lithium-ion battery market from its Syerston deposit (recently renamed Sunrise) near Condoblin in central NSW.

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Plus, this column’s instincts about emerging mineral sands miner Strandline are shaping up as spot on and Stavely gets to the pointy end of its hunt for a copper-gold porphyry in Victoria

Former uranium producer Alliance Resources (AGS) is making a good fist of being a gold explorer. So much so that just 30 months after the start of embarking on its new life as an explorer for the yellow metal, it is likely to publish a maiden resource later this year for its flagship project, the Wilcherry project, 40km north of Kimba in South Australia’s Gawler Craton.

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New Century Zinc and Venturex among those in the cold, with share prices lagging analysts’ forecasts

The 10-year high in zinc prices has not amounted to much in the local market for the near-term developers. While the established and new producers have been rewarded with strong share price gains in response to their higher earnings, the developers have been left out in the cold. Because they are not yet in production, the argument goes that a 10-year-high metal price of $US1.55 a pound – it compares with the 2016 average of US95c and the 2017 average of $US1.29 – means nothing for them.

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Plus, little Stavely awaits drilling results in its hunt for a big copper-gold discovery

Gold’s against-the-odds push through $US1,300 an ounce fuelled a massive re-rating of the gold producers in the past couple of months. So much so that the hard-nosed types in the market reckon the leading gold producers have become too expensive on a net present value basis. None of that means much if gold continues to build above $US1,300 an ounce. But the very same reasons why gold wasn’t meant to get there in the first place (expectations of rising US rates and a stronger US dollar from tax reform) have not gone away.

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Plus, Genesis working its way on to the M&A radar as drilling highlights gold project development potential

On face value, last week’s acquisition by Bill Beament’s Northern Star juggernaught of a 16.4 per cent stake in Echo Resources (80 million shares at an average price of 29c each) was no big deal. Northern Star’s Jundee mine sits at the northern end of the Yandal belt in Western Australia and Echo has its foot on the southern end, with its currently-mothballed Bronzewing treatment plant its centrepiece.

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4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference was held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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