News - Market Insights

Dacian Gold will update the resource for its Phoenix Ridge discovery early next year after drilling confirmed the continuity of high-grade mineralisation (reports MiningNews).

Dacian Gold will update the resource for its Phoenix Ridge discovery early next year after drilling confirmed the continuity of high-grade mineralisation (reports MiningNews). The 40m by 40m infill drilling program returned 23.1m at 30.2 grams per tonne gold from 266.9m; 19.1m at 5.1gpt gold from 223.6m; 2.4m at 47.5gpt gold from 313.4m; and 10.2m at 3gpt from 235.6m. The program also confirmed a new parallel high-grade shoot less than 50m away from the Phoenix Ridge maiden resource of 125,000oz at 8.1gpt, announced last month.

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Stavely Minerals (ASX:SVY) has extended shallow, high-grade copper mineralisation at the Thursday’s Gossan prospect within its self-named copper-gold project in Victoria after drilling returned some standout results (reports Stockhead).

Stavely Minerals (ASX:SVY) has extended shallow, high-grade copper mineralisation at the Thursday’s Gossan prospect within its self-named copper-gold project in Victoria after drilling returned some standout results (reports Stockhead). The top hit from the drill program returned 11m at 4.62 per cent copper, 0.57 grams per tonne (g/t) gold and 25g/t silver from a depth of 86m about 40m north of the discovery hole.

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A robust RC drilling program has seen Calidus Resources [6] continue its rapid transition from explorer to producer as it underpins the open pit resource upgrade for its million-plus ounce Warrawoona gold project (reports Business News)

A robust RC drilling program has seen Calidus Resources continue its rapid transition from explorer to producer as it underpins the open pit resource upgrade for its million-plus ounce Warrawoona gold project in WA’s East Pilbara (reports Business News). 

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Gold bugs have always struck me as paranoid (reports The Financial Times). You have to really believe the sky is falling in order to hoard physical bars in a digital age. So, it’s rather worrying that some investors and central bankers are talking up gold. The Dutch Central Bank recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to rebuild the global monetary system. “Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.”

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Despite Beijing ramping up plans for new coal-fired electricity plants, they will be outpriced by cheap wind and solar (reports Ambrose Evans-Pritchard in London’s Daily Telegraph). No further coal plants should be built anywhere in the world ever again. The great majority of existing plants should be phased out within 15 years.

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Frankfurt | Audi plans to eliminate roughly 15 per cent of its German workforce to lift earnings by $US6.6 billion ($9.7 billion) as Volkswagen's largest profit-maker pushes ahead with a restructuring plan to help it adapt to the costly transition to electric cars (reports The Washinghton Post).

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The Reserve Bank considered a surprise rate cut at its Melbourne Cup day policy meeting, but ultimately decided to wait and see how its three cuts since June would work their way through the economy, the bank’s board minutes reveal (reports The Australian).

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US Federal Reserve officials stressed that risks to the US economy remained elevated as they agreed to put interest rates on hold following their third cut this year (reports The Australian Financial Review).

US Federal Reserve officials stressed that risks to the US economy remained elevated as they agreed to put interest rates on hold following their third cut this year (reports The Australian Financial Review). Many participants saw downside risks to the economic outlook as elevated, "further underscoring the case for a rate cut at this meeting,'' according to minutes of the October 29-30 Federal Open Market Committee session released Wednesday (Thursday AEDT) in Washington.

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26th - 27th May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held on the 26th & 27th May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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