News - Market Insights

Sandfire Resources has reported record quarterly copper production, as well as the feasibility study for its Black Butte development in the US and a new farm-in agreement in New South Wales (reports MiningNews)

Sandfire Resources has reported record quarterly copper production, as well as the feasibility study for its Black Butte development in the US and a new farm-in agreement in New South Wales (reports MiningNews). he long-awaited study for the Black Butte project in Montana, held by 85%-owned subsidiary Sandfire Resources America, outlined capital costs of US$274.7 million for an eight-year, 1.2 million tonne per annum operation. Average annual copper production will be about 23,000 tonnes at a C1 cost of US$1.51 per pound.

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Some lenders to Altura Mining (ASX:AJM) have entered into an agreement with Pilbara Minerals (ASX:PLS) allowing it to acquire Altura’s lithium operation in WA for $US175m ($247.8m) (reports Stockhead)

Some lenders to Altura Mining (ASX:AJM) have entered into an agreement with Pilbara Minerals (ASX:PLS) allowing it to acquire Altura’s lithium operation in WA for $US175m ($247.8m) (reports Stockhead).

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Kingston Resources (ASX: KSN) has confirmed a pre-feasibility for its flagship Misima gold project in Papua New Guinea is in the final stages of preparation and on track for completion by year end (reports Small Caps)

Kingston Resources (ASX: KSN) has confirmed a pre-feasibility for its flagship Misima gold project in Papua New Guinea is in the final stages of preparation and on track for completion by year end (reports Small Caps). In its September quarterly report released today, the company said the study had passed the 60% completion milestone and would be released in December with an ore reserve.

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Liontown Resources has reported firm commitments from its first capital raising in more than 12 months that were “substantially in excess” of the cash sought to complete the definitive feasibility study for Kathleen Valley

Liontown Resources has reported firm commitments from its first capital raising in more than 12 months that were “substantially in excess” of the cash sought to complete the definitive feasibility study for the 100%-owned Kathleen Valley lithium-tantalum project in Western Australia (reports MiningNews). Liontown has raised A$12.5 million, with $10.3 million from institutional and professional investors, and it will seek shareholder approval for a further $2.2 million from directors.

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RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps).

RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps). The latest results from drilling at the Cummins Range project in the Kimberley region of Western Australia include 37m at 1.4% total rare earth oxides (TREO) and 0.2% niobium oxide. That intersection includes 7m at 3.6% (TREO) and 0.27% niobium, with mineralization beginning at 21m down hole.

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Never fear, silver bulls. The price rally will resume later this year and continue well into 2021, says London-based consultancy Metals Focus (reports Stockhead).

Never fear, silver bulls. The price rally will resume later this year and continue well into 2021, says London-based consultancy Metals Focus (reports Stockhead). Silver prices surged to ~$US29/oz in early August, falling just short of the psychologically important $US30/oz barrier, before easing back into a $US24-$US25/oz ‘holding pattern’.

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A series of low-grade results from an initial round of drilling at Kairos Minerals’ (ASX: KAI) Croydon project near Port Hedland in WA has not dampened the company’s belief that the acreage is highly prospective for gold (reports Small Caps)

A series of low-grade results from an initial round of drilling at Kairos Minerals’ (ASX: KAI) Croydon project near Port Hedland in Western Australia has not dampened the company’s belief that the acreage is highly prospective for gold (reports Small Caps). Assays received from the first eight holes of 20 drilled at the Fuego target over a total 3,815m returned a maximum grade of 0.12 grams per tonne gold, believed to be associated with a low level of sulphides in the matrix of the project’s conglomerate unit.

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RareX has made its best-ever drill intercept at the Cummins Range rare earths project in Western Australia (reports Stockhead).

RareX has made its best-ever drill intercept at the Cummins Range rare earths project in Western Australia (reports Stockhead). Drilling returned the hit of 90m at 3.8 per cent total rare earth oxides (TREO) and 0.3 per cent niobium from just 4m that includes higher grade zones of 20m at 5.1 per cent TREO and 0.3 per cent niobium from 7m and 32m at 4.4 per cent TREO and 0.3 per cent niobium from 62m.

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