News - Market Insights

Chalice Mining has extended the four known zones at its Julimar project outside Perth and has discovered four new zones (reports MiningNews).

Chalice Mining has extended the four known zones at its Julimar project outside Perth and has discovered four new zones (reports MiningNews). The latest drilling has found the G1 and G2 zones merge at depth, with a strike length of more than 690m and dip extent of up to 490m and open to the north along strike and down-dip.

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29th January 2021

A surging iron ore price is set to give birth to two new WA junior exporters of the steel-making commodity within days (reports The West Australian).

A surging iron ore price is set to give birth to two new WA junior exporters of the steel-making commodity within days (reports The West Australian). GWR Group and Fenix Resources have opportunistically seized on a nine-year high iron ore price of around $US170/t to bring their respective projects into production. While their direct shipping ore projects may be small and involve the costly process of trucking product vast distances to the port of Geraldton, each is confident of a healthy margin at prevailing iron ore prices and currency exchanges.

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Among the raft of ASX-listed uranium players that have enjoyed a long-awaited lift in investor sentiment in recent months, Boss Energy looks a stand-out (reports The West Australian).

Among the raft of ASX-listed uranium players that have enjoyed a long-awaited lift in investor sentiment in recent months, Boss Energy looks a stand-out (reports The West Australian). The uranium price has been in the doldrums since the Fukushima nuclear disaster in Japan in 2011. But last year the market began to re-awaken to nuclear’s potential as a zero-emissions energy source that can also provide baseload power — and the price of yellowcake began to tick up.

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Uranium bulls are sharpening their horns as market fundamentals and investor sentiment towards the maligned energy metal improve (reports The West Australian).

Uranium bulls are sharpening their horns as market fundamentals and investor sentiment towards the maligned energy metal improve (reports The West Australian). The spot price of yellowcake has been in the doldrums since the Fukushima nuclear disaster in Japan in 2011, but last year it began to tick higher. Enriched uranium is used as a feedstock for most of the more than 400 nuclear reactors in operation in some 30 countries around the world. But it’s the potential future take-up of nuclear energy which has uranium backers excited.

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Recent data from Benchmark Mineral Intelligence – the OG reporting agency for everything battery-related – confirms recent strong price increases for mainstream battery metals like lithium, cobalt, nickel, and graphite (reports Stockhead).

Recent data from Benchmark Mineral Intelligence – the OG reporting agency for everything battery-related – confirms recent strong price increases for mainstream battery metals like lithium, cobalt, nickel, and graphite (reports Stockhead). This has been largely driven by the Chinese market, which “acts as an early warning system for the rest of the world” Benchmark managing director Simon Moores says.

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Northern Star Resources has reported a strong December quarter with gold sales up 11 per cent to 252,899 ounces — at the upper end of its previously stated guidance range (reports The West Australian).

Northern Star Resources has reported a strong December quarter with gold sales up 11 per cent to 252,899 ounces — at the upper end of its previously stated guidance range (reports The West Australian). The Bill Beament-led company, which is set to formally merge with Saracen Mineral Holdings next month, delivered $93 million in free cashflow during the three months to the end of December despite investing $63m in growth capital and exploration. Including the $63m investments, all-in costs were $1825/oz, up from $1752/oz in the previous quarter.

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Saracen Mineral Holdings has reported a strong final quarterly report ahead of its merger with Northern Star Resources (reports MiningNews).

Saracen Mineral Holdings has reported a strong final quarterly report ahead of its merger with Northern Star Resources (reports MiningNews). December quarter production from the Carosue Dam, Thunderbox and 50%-owned Super Pit in Western Australia was "a very predictable" 155,122 ounces of gold at all-in sustaining costs of A$1224 an ounce. The company experienced three lost time injuries during the quarter, putting its long-term injury frequency rate at 1.7, above the WA gold industry average of 1.5.

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Pilbara Minerals has completed the timely acquisition of the Altura lithium project

Pilbara Minerals has completed the timely acquisition of the Altura lithium project in the Pilbara, saying it will keep the shuttered operation on care and maintenance until it formulates a strategy for the integration of the mine into its neighbouring Pilgangoora operation (reports The West Australian). The Ken Brinsden-led company announced today it had completed the $US175 million transaction with the lenders of the failed entity Altura Mining that would allow it to take control of the company’s assets.

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