News - Market Insights

Charged up by both the resurgence of the lithium sector and its own progress at the Kathleen Valley Lithium Project in the Goldfields, Liontown Resources is one of the strongest performers among the presenters at Diggers (reports Stockhead). The firm is up ~640% over the past year. CEO Tony Ottaviano joined Pilbara Minerals boss Ken Brinsden in toasting the ebullient mood around the battery metal, which has benefitted from price rises in downstream chemicals to the tune of around 100% this year.

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Amid a star-studded line-up across a broad spectrum of commodities, nickel has emerged as a dominant force at this year’s Diggers & Dealers Mining Forum (reports The West Australian).

IGO presented on Monday before BHP Nickel West yesterday strutted its stuff hot on the heels of inking an historic deal with electric car manufacturer Tesla. But having the bigger miners precede its presentation did not blunt Mincor Resources’ moment in the limelight. Already bedfellows with Nickel West after signing an offtake agreement that will see it supplying its nickel concentrate to the mining giant, Andrew Forrest-backed Mincor had reason to swagger.

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Exceptionally high grades of silver and zinc have been intersected in Alicanto’s maiden drill hole at its Sala silver-lead-zinc project in Sweden (reports Stockhead). The hole returned an interval of 0.95m grading 348 grams per tonne (g/t) silver, 12.2% zinc and 5.9% lead from a depth of 592.58m within a broader zone of 6.8m at 123g/t silver, 2.3% lead and 1.4% zinc from 589.75m. SAL21-01 also intersected a shallower intersection of 3.8m at 7.7% zinc and 9g/t silver from 572.75m.

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Bardoc Gold (ASX: BDC) has kicked-off an optimisation study that aims to enhance the already strong definitive feasibility study and bring in increased early cash flow for its flagship 3 million ounce namesake gold project near Kalgoorlie in Western Australia (reports Small Caps). The current DFS estimates pre-production capital of $177 million is required with a 32-month payback period. Average gold sales are predicted of 135,760 ounces per annum over an 8.2-year mine life. The life-of-mine all-in sustaining costs are expected to total $1,188/oz.

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Fresh from its ASX debut, OZZ Resources (ASX: OZZ) is wasting no time in evaluating its Western Australian gold and base metal projects with the first batch of assays from a maiden drill program anticipated this month (reports Small Caps). The explorer only hit the bourse a month ago after raising $5 million through a “heavily oversubscribed” initial public offering (IPO), issuing 25 million shares at $0.20 each.

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Few people have had the sort of front row seat to the rise of electric vehicles as JB Straubel (reports The Financial Times).

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Pilbara Minerals says it is shifting its focus to sell more concentrate into the emerging spot market in response to rising demand from customers, saying it is seeing better prices on the open market than from contract buyers (reports The Australian)

The company said on Wednesday it shipped 95,972 tonnes of lithium concentrate in the June quarter, up from 71.229 tonnes in the previous quarter. Its Pilbara lithium operations produced 77,162 tonnes, marginally down on the previous period.

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With focus now firmly on its Western Australian gold assets, Red 5 has signed a binding agreement to sell its mothballed Siana gold mine and nearby Mapawa project in the Philippines, after almost 20 years of often troubled ownership (report Mining News)

The company will pocket US$19 million cash from the sale, plus the buyer TVI Pacific will pay out a 3.25% net smelter return royalty on production of up to 619,000 ounces. Red 5 estimates that could see it bank a further $36 million, assuming a gold price of $1800/oz.

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