News - Market Insights

Fenix Resources (ASX:FEX) now has sales agreements covering all of its iron ore production from the Iron Ridge project in Western Australia after reaching a binding offtake agreement with Chinese heavyweight Sinosteel (reports Stockhead).

Fenix Resources (ASX:FEX) now has sales agreements covering all of its iron ore production from the Iron Ridge project in Western Australia after reaching a binding offtake agreement with Chinese heavyweight Sinosteel (reports Stockhead). The agreement covers half of the production from Iron Ridge, adding to the company’s existing marketing agreement with Atlas Iron. Development of Iron Ridge is underway and the project is on track for first sales in early 2021.

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Northern Goldfields-focused Red 5 is hailing a “transitional year” for the company as it charges ahead with plans to develop a standalone plant at its King of the Hills goldmine near Leonora (reports The West Australian).

Northern Goldfields-focused Red 5 is hailing a “transitional year” for the company as it charges ahead with plans to develop a standalone plant at its King of the Hills goldmine near Leonora (reports The West Australian). Presenting on the final day of this year’s annual Diggers & Dealers Mining Forum in Kalgoorlie-Boulder, Red 5 boss Mark Williams yesterday revealed the miner had committed cash to long lead items. That included a sag mill and a gyratory crusher expected to arrive at the project midway through next year.

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16th October 2020

A cashed-up, emerging producer intent on bringing an historic mine near Leinster back into production hopes it will be close to mining the project this time next year (reports The West Australian).

A cashed-up, emerging producer intent on bringing an historic mine near Leinster back into production hopes it will be close to mining the project this time next year (reports The West Australian). Bellevue Gold yesterday used its pitch at the Diggers & Dealers Mining Forum to spruik the high-grade nature and low-cost capital outlay it would need to bring its namesake project into production.

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Alicanto Minerals has significantly enhanced the potential of its Greater Falun project in Sweden with the discovery of four new four copper-gold targets in its Wolf Mountain prospect (reports Stockhead).

Alicanto Minerals has significantly enhanced the potential of its Greater Falun project in Sweden with the discovery of four new four copper-gold targets in its Wolf Mountain prospect (reports Stockhead).

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The company on the cusp of joining the ranks of Australia’s nickel producers has described the reawakening of Kambalda’s nickel mines as the “third wave for nickel mining” in the Goldfields town (reports The West Australian).

The company on the cusp of joining the ranks of Australia’s nickel producers has described the reawakening of Kambalda’s nickel mines as the “third wave for nickel mining” in the Goldfields town (reports The West Australian). IGO and Andrew Forrest-backed Mincor Resources has a spring in its step after last month revealing plans for its nickel mines came roaring to life this year. That came with a final investment decision that would have the first nickel production late next year, and an initial five-year mine life with potential to be extended.

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Pilbara Minerals boss Ken Brinsden says demand fundamentals in the beaten-down lithium market have started to improve and he expects pricing to follow (reports The West Australian).

Pilbara Minerals boss Ken Brinsden says demand fundamentals in the beaten-down lithium market have started to improve and he expects pricing to follow (reports The West Australian). The market for lithium concentrate cratered in 2019 after the world’s biggest buyer China changed its electric vehicle subsidy scheme causing widespread disruption and indigestion across the supply chain.

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Northern Star executive chairman Bill Beament sparked a billion-dollar share price rally on Tuesday with a $5.76 billion offer for Saracen Mineral Holdings

Northern Star executive chairman Bill Beament sparked a billion-dollar share price rally on Tuesday with a $5.76 billion offer for Saracen Mineral Holdings that caps a decade of intense deal-making and will turn his company into the world's sixth-biggest gold miner (reports The Australian Financial Review).

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RareX is gearing up to begin drilling its Weld North rare earths project, which is close to Lynas Corporation’s new rare earths mine in Western Australia (reports Small Caps).

RareX is gearing up to begin drilling its Weld North rare earths project, which is close to Lynas Corporation’s new rare earths mine in Western Australia (reports Small Caps). A drilling contractor has now been engaged, with the program scheduled to begin next month.

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