News - Market Insights

Six weeks after Tolga Kumova-backed Firebird Metals marked its debut on the Australian Securities Exchange by tripling in price, another Pilbara manganese explorer, Black Canyon, today made its market debut (reports MiningNews).

Six weeks after Tolga Kumova-backed Firebird Metals marked its debut on the Australian Securities Exchange by tripling in price, another Pilbara manganese explorer, Black Canyon, today made its market debut (reports MiningNews). However, Black Canyon was unable to hit the same heights as Firebird, although it did spike as much as 65% during the session at 33c. The explorer opened up 50% at 30c, trading as low as 29.5c, before closing at 50c after four million shares were traded.

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New World Resources will raise $20 million through an institutional placement to accelerate development of the Antler copper project in Arizona (reports Stockhead).

New World Resources will raise $20 million through an institutional placement to accelerate development of the Antler copper project in Arizona (reports Stockhead). New World (ASX:NWC) has received firm commitments for the raise, which will be made via a two-tranche placement of 200 million new fully-paid ordinary shares to institutional, sophisticated and professional investors.

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Kalgoorlie-Boulder’s Super Pit has delivered a shot in the arm to an Australian gold giant’s inventory, with promising drill hits pointing to many more years at the historic Golden Mile where the precious metal was discovered 128 years ago

Kalgoorlie-Boulder’s Super Pit has delivered a shot in the arm to an Australian gold giant’s inventory, with promising drill hits pointing to many more years at the historic Golden Mile where the precious metal was discovered 128 years ago (reports The Kalgoorlie Miner). Northern Star Resources late on Monday posted an 8 per cent upgrade to its group reserve ounces, complemented by a 15 per cent lift in resource ounces.

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Northern Star Resources has continued its record of reserve and resource replacement, releasing inventory numbers for the nine months to March 31 (reports MiningNews).

Northern Star Resources has continued its record of reserve and resource replacement, releasing inventory numbers for the nine months to March 31 (reports MiningNews). Reserves grew by 8%, or 2 million ounces, to 21Moz, after depletion of 1.1Moz and using a gold price of A$1750/US$1350 an ounce. The update represents a 23% increase in group reserves per share. Reserves at KCGM in Kalgoorlie jumped 20% to 11.6Moz. The company pointed out that all reserves sat in tier one jurisdictions.

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Strandline Resources had pulled the trigger on a new mineral sands mine in Western Australia undaunted by emerging skills and labour shortages in the state (reports The Australian Financial Review).

Strandline Resources had pulled the trigger on a new mineral sands mine in Western Australia undaunted by emerging skills and labour shortages in the state (reports The Australian Financial Review). The company announced the final investment decision on its $338 million Coburn project on Tuesday and will start work immediately after locking in key contractors well in advance.

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Stavely Minerals has reported “outstanding” assays from the latest drilling at the Thursday’s Gossan project in Victoria (reports MiningNews).

Stavely Minerals has reported “outstanding” assays from the latest drilling at the Thursday’s Gossan project in Victoria (reports MiningNews). The most north-eastern hole drilled to date in the Cayley Lode resource definition program returned two significant intercepts and extended the mineralisation to 900m of strike extent.

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Western Australian gold explorer Kin Mining (ASX: KIN) has expanded and strengthened the high-grade gold potential of its Cardinia Hill deposit

Western Australian gold explorer Kin Mining (ASX: KIN) has expanded and strengthened the high-grade gold potential of its Cardinia Hill deposit with new drilling results from its ongoing resource definition program (reports Small Caps). The company today posted “outstanding” new wide, high-grade gold intercepts including 7m at 21.3 grams per tonne gold from 91m in the sulphide zone and 8m at 4.02g/t gold from 19m in the oxide zone.

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30th April 2021

Chalice Mining’s share price continues to rally to new highs as analysts speculate over the size of its Julimar discovery outside Perth (reports MiningNews).

Chalice Mining’s share price continues to rally to new highs as analysts speculate over the size of its Julimar discovery outside Perth (reports MiningNews). Chalice said last week that it was delaying its hotly anticipated maiden resource from mid-year until the end of the third quarter because the deposit just keeps getting bigger. The company reported 165 high-grade intersections from the seven-rig drill-out of the Gonneville Intrusion, which is now about 1.8km long by 900m wide.

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