News - Market Insights

Efforts to alleviate the impact of the COVID-19 pandemic such as travel bans and other restrictions have led some resource companies, particularly those with operations overseas, to defer or suspend work. However, there are some companies that are going ahead with work to advance their projects.

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Perth broker Hartleys has adjusted its valuation of base metal developer Venturex Resources (ASX: VXR) following the COVID-19-induced share market collapse, but believes the likelihood of imminent Government approvals justifies a Speculative Buy recommendation for the stock once the market recovers. Hartleys resource analyst Paul Howard says the WA Environmental Protection Authority (EPA) has concluded its assessment of Venturex’s Sulphur Springs copper-zinc project and proceeded to consultation with the company on the implementation conditions.

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Andrew Forrest’s Squadron Resources has spent a further A$3.2 million buying shares in nickel developer Mincor Resources (reports MiningNews).

Andrew Forrest’s Squadron Resources has spent a further A$3.2 million buying shares in nickel developer Mincor Resources (reports MiningNews). Another 6.1 million shares were acquired on-market on Thursday and Friday of last week. Squadron now holds nearly 47 million Mincor shares, or 13.8%, up from 12% last week and 8.5% last month. It takes Squadron's total spend on Mincor shares to about $17 million since December.

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Still basking in the glow of a $1.2 billion deal to snap up a half-share of Kalgoorlie’s Super Pit, Northern Star Resources boss Bill Beament’s stellar run of success continued last night when he was crowned WA Pinnacle Awards’ Business Leader of the Year

Still basking in the glow of a $1.2 billion deal to snap up a half-share of Kalgoorlie’s Super Pit, Northern Star Resources boss Bill Beament’s stellar run of success continued last night when he was crowned WA Pinnacle Awards’ Business Leader of the Year (reports The West Australian).

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Mining boss Raleigh Finlayson says he is looking forward to getting back into his hard hat and boots this year after his Saracen Mineral Holdings netted a 50 per cent stake in Kalgoorlie’s famous Super Pit mine in November

Mining boss Raleigh Finlayson says he is looking forward to getting back into his hard hat and boots this year after his Saracen Mineral Holdings netted a 50 per cent stake in Kalgoorlie’s famous Super Pit mine in November (reports The West Australian). The managing director says he plans to spend a lot of time at the asset over the next six months as he works with new joint venture partner Northern Star Resources to improve the performance of the ageing asset and exploit its full potential.

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Bellevue Gold is evaluating the potential to establish high-grade starter open pits to generate early cashflow ahead of an underground operation

Bellevue Gold is evaluating the potential to establish high-grade starter open pits to generate early cashflow ahead of an underground operation (reports MiningNews). The company has completed a 94,000m infill drilling program on 40m by 20m and 40m by 40m grids at its namesake project near Leinster in Western Australia. That will pave the way for the release of a maiden indicated resource during the June quarter. The project already has an inferred resource of 2.2 million ounces at 11.3 grams per tonne gold.

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Bardoc Gold (ASX:BDC) says the location of its namesake ~3-million-ounce gold project on the doorstep of Kalgoorlie gives it some big competitive advantages as it charts a course to become one of the region’s biggest new mid-tier producers over the next two years (reports Stockhead).

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Andrew Forrest-backed Mincor Resources has reported strong infill drilling success at its Cassini nickel deposit near Kambalda, as well as an “exciting” exploration hit 400m north of the main resource (reports MiningNews). The exploration result of 7.7m at 1.4% nickel (including 0.5m at 7.5% nickel) from "early drilling" at Cassini North has the company hoping it's "onto a similar channel to Cassini Main". At the latter, an infill hit of 8.2m at 7.6% nickel is estimated to have a true width of 4.7m.

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