The exploration spotlight swings back on to Stavely Minerals (ASX:SVY) in coming days with the expected release of latest drill results from its Thursday’s Gossan copper-gold discovery in the Stavely volcanic belt in western Victoria (reports Barry FitzGerald on Stockhead).
Bellevue Gold has reported a maiden resource for the Deacon Lode, which has taken the total resource for its namesake project to 2.2 million ounces of gold (reports MiningNews).
Deacon has a maiden resource of 410,000 ounces at 12.3 grams per tonne gold.
The resource beat Canaccord Genuity analyst Tim McCormack's estimate of 250,000-350,000oz at 8-10gpt.
The resource only covers 900m of the identified 2000m strike length.
Mineralisation remains open in all directions with high-grade hits of up to 23gpt gold already received from outside the resource.
Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit...
Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit and to reduce debt before paying a long-awaited inaugural dividend (reports The Australian Financial Review).
The Saracen board opted not to pay a half-year dividend in the wake of forking out $US750 million ($1.115 billion) for a half share in the Superpit gold operations.
Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth...
Sandfire Resources has posted a solid half-year profit result as it turns its attention to growth (reports MiningNews).
The company posted a half-year net profit after tax of A$34.2 million, down from $49.6 million for the same period of 2018.
The result included an additional amortisation expense of $34.2 million following the acquisition and development of the Monty mine.
Cashflow from operating activities was $109.1 million, up from $97.5 million, or $140.3 million before exploration and evaluation expenses.
Orion Minerals is busy prepping the Prieska project so when funding is eventually secured it can bring the historical copper-zinc mine in South Africa back into production ...
Orion Minerals is busy prepping the Prieska project so when funding is eventually secured it can bring the historical copper-zinc mine in South Africa back into production as quickly as possible (reports Mining Journal).
Copper is trading at an historically low premium to the C1 production cost, says New York investment bank Jefferies, and as the impact of the coronavirus subsides, it does not believe a recovery in demand will be met by a corresponding increase in supply (reports MiningNews).
"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.
Spectacular lithium hits at Liontown Resources’ Kathleen Valley deposit of up to 5.7%, including a growing zone regularly grading better than 3%, provides further support for a proposed underground and open pit lithium mine (reports MiningNews).
The latest hits from the RC program include 43m at 3.1% from 253m, with 21m at 3.8% and 1m at 5.7%; and 16m at 2.6% from 308m, including 13m at 3.1% - all outside the resource envelope.
Barry FitzGerald chats with Neil Marston, managing director of Bryah Resources (reports Stockhead)
Bryah is a Perth-based mineral exploration company with a focus on exploration for high-grade copper-gold and manganese resources.
The company is actively exploring the Bryah Basin and Gabanintha projects located in central Western Australia.
Bryah has had a solid start to 2020, with the stock rising close to 20 per cent from 4c to 4.7c.