News - Market Insights

Electric vehicles, and the wider battery revolution, is held up as a massive opportunity for nickel, tin, graphite and lithium players, and now a new report shines a light on how much copper will be needed: 250% more by 2030. Wood Mackenzie forecasts that over 20 million EV charging points could to be deployed over the next needed, and that means the world needs to produce around 2.5 times more copper by 2030 than it will this year - and that means a lot of money needs to be spent to find and produce it.

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16th August 2019

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year (reports MiningNews). The operation, near Laverton in Western Australia, produced 16,188 ounces of gold in July. The month's production puts Mt Morgans at an annualised run-rate of 194,256 ounces of gold, well above its guidance of 150,000-170,000oz.

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Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region

Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region, with undisclosed institutions involved in the funding and miner Alkane Resources maintaining its circa 13% stake by putting in $1.2 million (reports MiningNews). The new shares have been priced at 3.2c each, with the stock recently reaching a recent 52-week high of 4c after having been about half that price earlier this year.

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WA gold company Bardoc Gold (ASX: BDC) has risen by 48% in the past month and is up 138% since its low in April as the market develops a “better understanding” of the resource potential of its key project

WA gold company Bardoc Gold (ASX: BDC) has risen by 48% in the past month and is up 138% since its low in April as the market develops a “better understanding” of the resource potential of its key project, according to veteran Sydney-based analyst Gavin Wendt. “The catalyst has been the release of a series of outstanding assay results from the recently expanded +40,000m exploration drilling program at its 100%-owned 2.6Moz Bardoc Gold Project, situated 55km north of Kalgoorlie,” Wendt wrote in his widely circulated Minelife newsletter this week.

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Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view

Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view, according to a new research report issued by top South African broker Vunani Securities. In a comprehensive 25-page report, the Johannesburg-based broker has issued a BUY recommendation for Orion (which is also listed on the JSE), describing its 70%-owned Prieska copper-zinc project in the Northern Cape as “world-class” with the ability to generate “large amounts of free cash”.

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ASX-listed RBR Group has started training prospective workers for jobs that will become available at Mozambique’s emerging liquefied natural gas (LNG) projects (reports South Africa’s Engineering News). As part of its strategy to assess, train and provide workers for the LNG projects, the labour and training specialist has opened a training centre in Palma, Mozambique, which is located close to the LNG construction sites.

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Northern Star Resources executive chairman Bill Beament believes the gold market is “going to start popping”

Northern Star Resources executive chairman Bill Beament believes the gold market is “going to start popping” (reports MiningNews). Beament addressed the company's annual pre-Diggers & Dealers strategy day on Saturday just as Australian dollar spot gold hit an all-time high of A$2129 an ounce. He said Northern Star had seen this coming about a year ago and acquired the Pogo mine in Alaska when the gold price was about US$300 an ounce lower in US dollar terms. "This is not luck - we saw this coming," Beament said.

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Saracen Mineral Resources boss Raleigh Finlayson says the company is in no hurry to pay a maiden dividend because shareholders were getting better bang for their buck from the company’s exploration success

Saracen Mineral Resources boss Raleigh Finlayson says the company is in no hurry to pay a maiden dividend because shareholders were getting better bang for their buck from the company’s exploration success (reports The West Australian). Queried on the company’s dividend policy at the annual Diggers and Dealers Mining Forum in Kalgoorlie, Mr Finlayson said the company was discovering gold at $30 per reserve ounce versus merger and acquisition that was $300 to $400 per ounce.

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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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