News - Market Insights

Stavely Minerals has announced more thick, high grade copper hits to follow on from that “stunning” discovery at its namesake project in Victoria (reports Stockhead).

Stavely Minerals has announced more thick, high grade copper hits to follow on from that “stunning” discovery at its namesake project in Victoria (reports Stockhead). The new hole is 160m south of the discovery hole targeting the Thursday’s Gossan prospect. It returned assays of 8m at 9.69 per cent copper, 0.4 grams per tonne gold and 16.8g/t silver from 177m down-hole along with a shallower but thicker intercept of 59m at 1.8 per cent copper, 0.43g/t gold and 15.4g/t silver from 98m.

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Work on the Exxon project set to take place alongside construction of the ~US$20b Total LNG project

RBR Group’s strategy to be a major supplier of labour and training services to the Mozambique LNG construction industry has received another boost with the Government of Mozambique and the Exxon Mobil (Exxon) lead consortium behind the Mozambique Rovuma Venture announcing an Initial Investment Decision for the US$33 billion LNG project.  The Initial Investment Decision paves the way for Exxon and its partners to invest more than US$500 million in the initial construction phase of Rovuma.

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Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West

Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West with the Northern Australia Infrastructure Facility progressing the project to the detailed due-diligence phase (reports The West Australian) . Strandline managing director Luke Graham said while the NAIF assessment continued, the company would advance discussions with private lenders. “We will also continue negotiations on project development contracts, product offtake and strategic partner arrangements,” he said.

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Todd River Resources has acquired the rights to what it describes as a ‘promising new nickel sulphide exploration terrain’ in Western Australia (reports MiningNews). The company has secured a 12-month option from private company Cratonix to evaluate the magmatic sulphide potential of the Nanutarra project, which sits about 30km west of the Nanutarra Roadhouse in the Western Gascoyne region of WA. Consideration for the option is A$10,000 cash and $25,000 worth of Todd River shares.

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Dacian Gold has reported a strong quarter of gold production from its Mt Morgans operation near Laverton in Western Australia (reports MiningNews). The open pit and underground operation produced 42,002 ounces of gold in the September quarter, up from 36,658oz in the June quarter. The result puts Dacian ahead of its half-year guidance of 67,000-77,000oz of gold. Mill reconciliation for the September quarter was 100.7%, up from 88.3% in the June quarter, with project-to-date mill reconciliation since first gold in March 2018 rising to 100.2%.

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Dacian Gold shares have hit the highest point since a June production downgrade after the company reported a high-grade maiden resource for its Phoenix Ridge discovery

Dacian Gold shares have hit the highest point since a June production downgrade after the company reported a high-grade maiden resource for its Phoenix Ridge discovery (reports MiningNews). Phoenix Ridge has a maiden inferred resource of 481,000 tonnes at 8.1 grams per tonne gold for 125,000 ounces of gold, using a 2gpt lower cut-off. The resource is based on 24 diamond holes for 8200m of drilling.

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Saracen Mineral Holdings has snapped up Talisman Resources’ Sinclair nickel project for $10 million

Saracen Mineral Holdings has snapped up Talisman Resources’ Sinclair nickel project for $10 million for its gold potential and existing infrastructure close to its Thunderbox operations near Leinster (reports The West Australian).

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First drilling of the Mars prospect at PolarX’s Alaska Range project has hit porphyry-style veins containing visible copper, with the junior saying it was looking forward to further results from the “very exciting” target (reports MiningNews). PolarX is excited because of the potential significance of any discovery given "the large size of the co‐incident copper‐gold‐molybdenum geochemical anomaly and the geophysical anomalies at Mars". Assays are also awaited for potential gold content.

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