News - Market Insights

Two directors of Northern Star Resources have taken advantage of the company’s weak share price to increase their holdings (reports MiningNews).

Two directors of Northern Star Resources have taken advantage of the company’s weak share price to increase their holdings (reports MiningNews). Non-executive director Sally Langer spent A$99,702 on 11,460 shares at $8.70 per share, to take her holding to 13,760 shares. Fellow director John Richards picked up another 5000 shares at $8.92 per share for $44,600, increasing his stake to 15,558 shares. Shares in Northern Star are trading at a two-and-a-half-year low as the market shuns gold equities. The stock even briefly dropped below $8 yesterday.

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Perth-based Bardoc Gold (ASX: BDC) has appointed founding director Neil Biddle to the role of interim executive director to manage a strategic development review of its flagship Bardoc project in Western Australia’s eastern goldfields (reports Small Caps)

Mr Biddle has a track record of value creation in Australia’s junior and mid-tier mining sector. He played a pioneering role in the development of the nation’s lithium industry as one of the founders of Pilbara Minerals (ASX: PLS), together with fellow Bardoc directors Tony Leibowitz and John Young. Mr Biddle led the strategy that saw Pilbara acquire, explore and ultimately develop the high-grade Pilgangoora lithium-tantalum project, 120 kilometres from Port Hedland.

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Former Integra Mining boss, Chris Cairns, who has led Stavely Minerals to success looking for copper in Victoria, has turned his eyes back westward, looking for orogenic gold discoveries (reports MiningNews).

Cairns is the proposed non-executive chairman of E79 Gold Mines, which is seeking A$4-7 million at 20c, with the aid of lead manager Euroz Hartleys, to prospect around 683sqkm of Western Australia's Yilgarn Craton. The company owns projects in the Laverton Tectonic Zone and Murchison Greenstone Belt, which have produced more than 55 million ounces historically.

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Nuclear power generated more than a sixth of the world’s electricity at its peak (reports The Financial Times).

In the following quarter of a century, safety and cost concerns pushed its contribution down to a tenth. Now, soaring fuel prices and the push to decarbonise are strengthening the case for a nuclear renaissance. Investors will be wary. Backing nuclear has been a bruising experience, particularly since the meltdown at the Fukushima plant in Japan in 2011.

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Raleigh Finlayson is set to follow the lead of gold mining peer Bill Beament by taking the helm of a junior explorer and emerging with a substantial stake by pumping funds into its coffers (reports The West Australian).

The former Saracen Mineral Holdings boss will join gold play Genesis Minerals as managing director next year and will kick in $7 million of his own cash as part of a broader $20.8m funding package announced by the company yesterday. Mr Finlayson’s foray into Genesis mirrors the recent move by former Northern Star Resources boss Bill Beament, who joined aspiring copper play Venturex Resources as managing director and became the major shareholder by investing $37.3 million into the explorer.

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Sandfire Resources has boosted the economics of its proposed Motheo copper project in Botswana after establishing a maiden reserve for its A4 deposit and outlining an expanded production profile (reports The West Australian).

The Karl Simich-led company this morning announced a 114,000t copper reserve at A4 that it said would allow it to boost throughput at Motheo from 3.2 million tonnes per annum to 5.2Mtpa. The results of a pre-feasibility study on the expanded Motheo hub showed it would lift production from 30,000 tonnes per annum to more than 50,000tpa over a 10-year mine life.

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Venturex Resources managing director Bill Beament says global investors are hungry for exposure to future facing commodities (reports MiningNews).

Beament previously ran ASX 100 gold miner Northern Star Resources, but now leads copper-zinc developer Venturex (soon to be renamed Develop). He is also an advisor to special purpose acquisition company (SPAC) Metals Acquisition Company, run by Venturex director Mick McMullen, which recently raised US$250 million and listed in New York. It is one of a number of SPACs focused on clean metals. SPACs are currently banned on the ASX, but Beament predicted they would suck talent out of the Australian market.

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23rd September 2021

Sensore has entered into a joint venture over Chalice Mining’s Auralia nickel-copper-platinum group element project in Western Australia (reports MiningNews).

Sensore has entered into a joint venture over Chalice Mining’s Auralia nickel-copper-platinum group element project in Western Australia (reports MiningNews). SensOre can earn 51% by spending A$1.5 million over two years and, at both parties' election, an additional 19% by expending $3.5 million over a further two-year period. The project covers 1218sq.km of the Madura Province, 500km east of Kalgoorlie.

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