News - Market Insights

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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Gold prices plunged 3.4 per cent to $US1,486 ($2,562) per ounce as US markets fell on Wednesday night (reports Stockhead) However, commentators remained unfazed by gold’s performance to date – resembling a roller coaster ride – with Kitco quoting State Street Global Advisors chief gold strategist George Milling-Stanley as saying that investors had the wrong perspective on gold.

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De Grey Mining, which is 17 per cent-owned by DGO Gold, has again highlighted the unprecedented Pilbara potential it sees at its Hemi gold discovery in Western Australia as drilling continues (reports MiningNews). Assays and awaited assays from the two main zones (Brolga and Aquila) have been highlighted by the company, including a plus-200m wide sulphide mineralisation intersection. "Brolga and Aquila are developing into two very large gold systems with widths of gold mineralisation never seen before in the project area nor the Pilbara region," De Grey said.

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Lucapa Diamond Company has delivered a 25% increase in resources to more than 100,000 carats at its Lulo alluvial diamond mine in Angola, delivering the largest resource estimate in the project’s history (reports MiningNews). That's after mining depletion for 2019 of 19,000ct at the 40%-owned Lulo operation.

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The $85bn in annual iron ore exports from the vast and rusty red stretches of the Pilbara is giving Australia an advantage in dealing with the global economic fallout from the spread of the coronavirus (reports Barry FitzGerald on Stockhead).

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As the Australian dollar gold price continues to hover around record all-time highs above $2500/oz amidst the global coronavirus panic, it seems hard to fathom an investor harbouring negative sentiment towards the sector...

As the Australian dollar gold price continues to hover around record all-time highs above $2500/oz amidst the global coronavirus panic, it seems hard to fathom an investor harbouring negative sentiment towards the sector (reports The West Australian).

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De Grey’s drilling has increased both sulphide and gold mineralisation at the Hemi discovery

De Grey’s drilling has increased both sulphide and gold mineralisation at the Hemi discovery (reports Stockhead). If you had put your hard-earned cash into De Grey Mining (ASX:DEG, 11% owned by DGO Gold, ASX: DGO) at the beginning of this year, you would not only have avoided the COVID-19 induced panic selling on markets, you would be ahead more than 350 per cent.

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Copper prices and the coronavirus continue to curb EMR Capital’s enthusiasm, at least in the short term, to advance one of mining’s potential hot new public offerings (reports MiningNews).

Copper prices and the coronavirus continue to curb EMR Capital’s enthusiasm, at least in the short term, to advance one of mining’s potential hot new public offerings (reports MiningNews). But they’re not going to stop the Australasian private equity group from going hard to build value in its copper portfolio, including investing in work on “arguably the world’s best undeveloped copper brownfield expansion”.

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