News - Market Insights

Stavely Resources has delivered an exceptional copper-gold drill result from its drill-out of the Cayley Lode at its Thursday’s Gossan project in Victoria

Stavely Resources has delivered an exceptional copper-gold drill result from its drill-out of the Cayley Lode at its Thursday’s Gossan project in Victoria, with the company saying it continues to “be amazed by the scale of this mineral system” (reports MiningNews). The new intercept of 87m grading 1.74% copper, 0.57 grams per tonne gold and 20gpt silver from 140m down hole is seen as being on par to the discovery hit of 32m at 5.88% copper, 1gpt gold and 58gpt silver from 62m downhole reported last September. The two hits are 100m apart.

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Shares in Bellevue Gold climbed another 9 per cent after the explorer hit more high-grade gold 7km north from the existing resource at its namesake project near Leinster

Shares in Bellevue Gold climbed another 9 per cent after the explorer hit more high-grade gold 7km north from the existing resource at its namesake project near Leinster (reports The West Australian). The Steve Parsons-led company reported a drill intersection of 17m at 4.2 grams per tonne from a depth of 19m at its Government Well prospect which sits along the 20km Bellevue Trend. The hole represents the first of four RC holes along a 500m stretch of the strike, with assays from the final three holes pending.

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Shares in Centaurus Metals hit a new five-year high after the company reported more “exceptional” hits from its Jaguar nickel project in Brazil (reports MiningNews).

Shares in Centaurus Metals hit a new five-year high after the company reported more “exceptional” hits from its Jaguar nickel project in Brazil (reports MiningNews). Highlights from the latest drilling at Jaguar Central included 40.5m at 1.35% nickel, 0.09% copper and 0.03% cobalt from 20m, including 12m at 1.95% nickel, 0.15% copper and 0.04% cobalt; 2m at 4.57% nickel, 0.11% copper and 0.1% cobalt from 41m; and 67.3m at 1.2% nickel, 0.08% copper and 0.03% cobalt from 67m, including 19m at 1.7% nickel, 0.13% copper and 0.04% cobalt.

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While investor interest has been mostly directed towards iron ore in recent weeks, banks including Morgan Stanley and Jefferies say the easing of lockdowns – most notably in Europe

While investor interest has been mostly directed towards iron ore in recent weeks, banks including Morgan Stanley and Jefferies say the easing of lockdowns – most notably in Europe – mean copper should take centre stage over the second half of the year (reports MiningNews). Buoyant iron ore prices have been driven by strong Chinese demand and weak Brazilian shipments. Copper prices have also risen, but remain below pre-pandemic levels at just over US$5500/tonne.

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It is a little more than three years since Sandfire boss Karl Simich hit the US with a bagful of “Make Montana Great Again” baseball caps in an effort to inject some Trump-style momentum in to the permitting process for Sandfire’s Black Butte copper project (writes Barry FitzGerald on MiningNews). Whether the powers that be in Washington and Montana that received one of the red caps are game enough to wear the take on Trump's "Make America Great Again" 2016 election slogan when out and about nowadays is not known.

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Kairos Minerals (ASX: KAI) has resumed field work at its 100% owned Pilbara gold project in Western Australia

Kairos Minerals (ASX: KAI) has resumed field work at its 100% owned Pilbara gold project in Western Australia, claiming multiple targets and opportunities would keep it busy for the foreseeable future (reports Small Caps). The exploration focus is finding a Hemi-style deposit and developing a pipeline of drilling targets.

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Breaker Resources claims to have potentially made a significant gold discovery 3km north of its Bombora resource

Breaker Resources claims to have potentially made a significant gold discovery 3km north of its Bombora resource following wide-spaced reconnaissance RC drilling (reports MiningNews). Results from the first 32 holes at the Kopai prospect included 4m grading 4.5 grams per tonne from 84m, 4m at 2.7gpt from 20m and 4m at 2.5gpt from 20m. Breaker said it is awaiting results from 28 holes targeting a potential link between Kopai and the Crescent prospect, 1km to the south.

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RareX and its Canadian partner Kincora Copper have intersected thick zones of porphyry mineralisation with the second hole at their Trundle project (reports Stockhead).

RareX and its Canadian partner Kincora Copper have intersected thick zones of porphyry mineralisation with the second hole at their Trundle project (reports Stockhead). Drilling at the Mordialloc target in the Lachlan Fold Belt (LFB) intersected strong halo indicators of a mineralised porphyry intrusion system — including significant intervals with visually interpreted localised copper grades and alteration — that confirm the targeted geological setting.

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