News - Market Insights

Calidus Resources is aiming to secure debt funding for the Warrawoona gold project before the end of the year after a feasibility study confirmed strong project economics (reports MiningNews).

Calidus Resources is aiming to secure debt funding for the Warrawoona gold project before the end of the year after a feasibility study confirmed strong project economics (reports MiningNews). Total capital costs for the project, near Marble Bar in the Pilbara, were confirmed at A$120 million, comprising $105 million in development costs and $15 million for pre-production mining. The project will produce an average 90,000 ounces of gold in the first seven years of an eight-year mine life, peaking at 105,000oz in the fifth year.

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RareX’s infill drilling program to increase confidence in the Cummins Range rare earth resource appears to have hit the nail squarely on its head (reports Stockhead).

RareX’s infill drilling program to increase confidence in the Cummins Range rare earth resource appears to have hit the nail squarely on its head (reports Stockhead). Assays from the first three infill drill holes returned outstanding results such as 36m at 4.6 per cent total rare earth oxides (TREO) from surface including an ultra-high assay of 3m at 25.1 per cent TREO from 15m and 41m at 4 per cent TREO from 29m including 3m at 13.9 per cent TREO from 30m.

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Primero Group and Downer EDI have signed up to help build Western Australia’s next big mineral sands development, near Shark Bay (reports MiningNews).

Primero Group and Downer EDI have signed up to help build Western Australia’s next big mineral sands development, near Shark Bay (reports MiningNews). Strandline Resources said the appointment of Primero and Downer's Mineral Technologies subsidiary as its preferred contractors to design and build the core processing plant infrastructure for the project was a big step ahead for the A$260 million Coburn project.

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Barry FitzGerald chats with Mike Haynes, Managing Director and CEO at New World Resources, on the Stockhead podcast. New World is focused on the exploration and development of its mineral resources projects in North America. The company made headlines in mid-September with news of high-grade hits at its Antler copper deposit in Arizona.

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Chalice Gold Mines has backed up hopes its Julimar project just outside of Perth is the real deal with an airborne electro-magnetic survey pinpointing three new large anomalies (reports The West Australian).

Chalice Gold Mines has backed up hopes its Julimar project just outside of Perth is the real deal with an airborne electro-magnetic survey pinpointing three new large anomalies (reports The West Australian). The company said the results of the survey, released this morning, highlight the district-scale nickel-copper-palladium potential of the 26km-long Julimar complex, which lies 70km north-east of Perth near Toodyay. The results sent Chalice shares up almost 17 per cent to a new all-time high of $2.04 in early trade after emerging from a trading halt.

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New World Resources has uncovered extensions of thick, high-grade predominantly massive sulphides at its Antler copper deposit in Arizona (reports Stockhead).

New World Resources has uncovered extensions of thick, high-grade predominantly massive sulphides at its Antler copper deposit in Arizona (reports Stockhead). Extensional drilling is proving fruitful for New World Resources (ASX:NWC), with an intersection of 23m of well-mineralised massive and semi-massive sulphides grading 2.2 per cent copper equivalent. The thick intercept included 1.7m at 3.8 per cent copper equivalent and 4.6m at 3.8 per cent copper equivalent.

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25th September 2020

Calidus Resources has agreed to acquire Novo Resources Corp’s Blue Spec gold-antimony project for A$19.5 million cash (reports MiningNews).

Calidus Resources has agreed to acquire Novo Resources Corp’s Blue Spec gold-antimony project for A$19.5 million cash (reports MiningNews). The project, which has a historical resource of 219,000 ounces at 16.3 grams per tonne gold, is only 70km from Calidus' Warrawoona project, where early construction work started last week. The company is already reviewing the resource to upgrade it to JORC 2012. Blue Spec has shaft and decline infrastructure and was mined to 320m vertical depth, producing about 60,000oz of gold at over 25gpt.

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Kairos Minerals says “coherent and robust” gold anomalies, with values up to 118 parts per billion (ppb), have been identified across two large gold target areas at its Skywell project in Western Australia (reports Small Caps).

Kairos Minerals says “coherent and robust” gold anomalies, with values up to 118 parts per billion (ppb), have been identified across two large gold target areas at its Skywell project in Western Australia (reports Small Caps). Skywell is one of several projects within Kairos’ overall Pilbara gold ground. The anomalies were identified from soil sampling as well as gold pathfinder elements.

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