News - Market Insights

New WA nickel explorer Nimy Resources has hit the ground running, with the first stage of its multi-pronged exploration program already well underway (reports Stockhead).

Fresh from raising $6 million after costs via its IPO, Nimy is exploring for nickel sulphides at its Mons Project in the northern end of WA’s world-famous Forrestania Nickel Belt. The Forrestania Nickel Belt hosts a world-class nickel endowment at the southern end with numerous other high-grade nickel deposits extending to the north, including Spotted Quoll, Flying Fox and Cosmic Boy. Nimy is chaired by De Grey Mining (ASX: DEG) chairman Simon Lill.

read more

Australian resource and minerals processing technology company TNG (ASX: TNG) is progressing a range of financing workstreams for its flagship 100%-owned Mount Peake vanadium-titanium-iron project in the Northern Territory (reports Small Caps).

The company is pursuing financing in parallel with final permitting and value engineering, and design and updated costings work for a new fully-integrated plant layout at the mine site ahead of a final investment decision in the new year. It recently completed a $12.5 million share placement which was supported by a number of new domestic and international institutional investors following a virtual roadshow process co-ordinated by investment bank Canaccord Genuity as lead manager.

read more

Gateway’s boom exploration over the last 18 months inside the famed Murchison gold district has delivered a near 90% increase in resources – to nigh on 450,000oz – at its flagship 1000 sq km Gidgee project (reports Stockhead).

This includes new resources at the Evermore and Achilles North/Airport deposits as well as upgrades to the Montague-Boulder deposit – most of which is shallow oxide mineralisation above a depth of 100m – meaning it’s likely to be easily accessible and cheap to process. Gateway Mining (ASX:GML) has also defined a maiden Indicated resource of 743,000t grading 3.4 grams per tonne for 81,000oz of contained gold, which is at a high enough confidence to support mine planning.

read more

Kairos says mapping and rock chip sampling has confirmed extensive pegmatite outcrops at the Wodgina Project, as previously outlined by Ultrafine+™ analysis (reports Stockhead).

Kairos Minerals reports “an extensive swarm” of pegmatites within the lithium-caesium-tantalum (LCT) target, less than 3km from the world-class Wodgina Lithium Mine near Port Hedland in Western Australia’s Pilbara region. Two prominent pegmatite outcrops have been mapped near the western end of the delineated LCT anomaly, where soil sampling has returned peak assays for lithium up to 238ppm, caesium up to 293ppm, and rubidium up to 582ppm.

read more

Spending by the pre-revenue exploration sector has surged to a fresh seven-year-high, but experts warn inflationary pressures in the resources sector are contributing to the sharp rise in spending (reports The Australian Financial Review).

Investors pumped a record amount of money into ASX-listed explorers for the fourth consecutive quarter. The $2.55 billion raised continues a golden era for the high-risk sector, which is growing rapidly on a mix of cheap money, high commodity prices and a strong pipeline of initial public offerings (IPOs).

read more

As the uranium price continues rising, Boss Energy (ASX: BOE) has continued to make “strong” progress towards re-starting its Honeymoon uranium mine in South Australia (reports Small Caps).

The company revealed front-end engineering design (FEED) work was now more than 50% complete and is expected to finish in the March quarter of next year. Boss managing director Duncan Craib described the company’s progress at Honeymoon as “outstanding”, saying the project was set to be Australia’s next uranium producer. “Our strategy is aimed at ensuring Boss can move from a final investment decision into execution and production as rapidly as possible.” Mr Craib said this would enable the company to capitalise on the rising uranium price at the right moment.

read more

The lithium stocks have run hard and fast this year for some very good reasons around the decarbonisation and electrification thematic (reports Barry FitzGerald on Stockhead).

But Garimpeiro wonders whether the boom will run out of puff as 2022 unfolds. On that basis, it could well be time to get up close to another way of playing the decarbonisation and electrification thematic – nickel. The ever volatile metal has had a good 2021. After getting beaten up in March because of a Chinese nickel pig iron (NPI) producer’s plan to convert some of the low nickel content product into premium-priced nickel matte for batteries, nickel has come roaring back.

read more

Newly listed Nimy Resources (ASX: NIM) has announced the start of exploration at its flagship Mons nickel project in Western Australia, beginning with a large-scale moving loop electromagnetic (MLEM) survey (reports Small Caps).

The 32-square-kilometre survey will be a key tool for identifying bedrock conductors which could hold nickel sulphides and the results will be used alongside a soil sampling program to refine targets for follow-up reverse circulation and diamond drilling. The junior explorer has planned 200-metre line spacings with 100m stations totalling 1,492 data points to enable high resolution coverage for first pass results.

read more

Upcoming Events

View All

8th Dec 2021

Join us online - Investor Briefing featuring Sunstone Metals, Calidus Resources & Greenvale Mining

For those unable to attend our live event in Brisbane, we're delighted to offer online access to watch presentations from three of 2021's most exciting junior resource stocks - Sunstone Metals, Calidus Resources and Greenvale Mining.

8th Dec 2021

Brisbane Investor Cocktail Briefing

Featuring Sunstone Metals, Calidus Resources & Greenvale Mining

© 2022 Resources Rising Stars All Rights Reserved