News - Market Insights

Mineral sands junior Strandline Resources has made big improvements to the financial metrics for its potential A$260 million Coburn development in Western Australia as it works on “finalising” project funding (reports MiningNews)

Mineral sands junior Strandline Resources has made big improvements to the financial metrics for its potential A$260 million Coburn development in Western Australia as it works on “finalising” project funding (reports MiningNews). he project's pre-tax numbers include an NPV increasing 28% to $705 million and an IRR going from 32% to 37%, while average annual earnings (EBITDA) have risen from $86 million to $104 million.

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Junior gold explorer Kin Mining (ASX: KIN) has reported further shallow gold intercepts in drilling at the Cardinia Hill discovery at its flagship Cardinia Gold Project

Junior gold explorer Kin Mining (ASX: KIN) has reported further shallow gold intercepts in drilling at the Cardinia Hill discovery at its flagship Cardinia Gold Project (CGP) near Leonora in WA, with the footprint of mineralisation extended along strike to the north and down-dip (reports Emma Davies on the Small Caps website). Final assay results have been received from reverse circulation (RC) drilling at Cardinia Hill and air-core drilling at Helens East prospect, which sit around 2.5km east of the proposed processing plant site at the CGP.

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Meaningful efforts to increase nickel content in batteries will support an anticipated +560 per cent increase in battery related nickel demand over the next five years (reports Stockhead).

Meaningful efforts to increase nickel content in batteries will support an anticipated +560 per cent increase in battery related nickel demand over the next five years (reports Stockhead). South Korean battery materials maker Posco is now producing cathodes with greater nickel content to meet demand for greater energy density and longer driving range in the next generation of EVs. A recently completed 25,000-tonne-per-year plant expansion will mass produce cathodes with 65 per cent nickel content, Posco says.

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There is mounting evidence that beleaguered Brazilian iron ore giant Vale will battle to achieve guidance as Australia’s biggest producers reap the rewards of a price rally (reports The Australian Financial Review). A berth-by-berth analysis of global shipping by Macquarie Wealth Management shows Vale continues to lag behind its guidance targets even after an improvement the past fortnight.

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RareX has legacy leases in the Lachlan Fold Belt in eastern Australia, with some initial results that excited the market, but the junior is chiefly concerned with the development of the Cummins Range rare earths project in the west, where its work has just confirmed high neodymium-praseodymium enrichment (reports MiningNews).

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Early exploration success in Botswana means that Sandfire Resources’ 2020 financial year exploration spend will likely come in well over budget (reports MiningNews)...

Early exploration success in Botswana means that Sandfire Resources’ 2020 financial year exploration spend will likely come in well over budget (reports MiningNews). Sandfire acquired the Tshukudu project via the takeover of MOD Resources late last year and set an initial A$10-12 million budget for exploration to June 30. Based on early success, managing director Karl Simich said that figure would be higher.

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An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life ...

An aspiring gold miner with its flagship operations north of Leinster is hailing an exceptional raft of drill hits that could play a part in the historic underground mine being brought back to life next year (reports The Kalgoorlie Miner). Bellevue Gold yesterday revealed infill drilling had hit a grade of more than one kilogram per tonne at its namesake project north of Leinster. The headline-grabbing 0.3m at 1169g/t might ordinarily be brushed off as an anomaly.

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Mincor Resources has completed early works at its emerging Cassini nickel deposit...

Mincor Resources has completed early works at its emerging Cassini nickel deposit, near Kambalda in Western Australia, and has appointed Kalgoorlie-based underground services and equipment hire group Pit N Portal to run its mining operations, pending a final investment decision later this year (reports MiningNews). Pit N Portal, recently acquired by ASX-listed Emeco Holdings, will work at Cassini for five years and at Mincor's revived Northern Operations (the Durkin North and Long mines) for at least three years.

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