News - Market Insights

Emerging sulphate of potash (SOP) play Trigg Mining reports it has successfully completed its first drilling program at Lake Throssell, one of its two brine projects in Western Australia (reports Small Caps).

Emerging sulphate of potash (SOP) play Trigg Mining reports it has successfully completed its first drilling program at Lake Throssell, one of its two brine projects in Western Australia (reports Small Caps). A total of 26 holes of shallow rotary drilling were completed across the playa area of the lake — playa being defined as an area of flat land in a desert basin from which water evaporates quickly.

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Rio Tinto has again highlighted its commitment to developing its Winu copper-gold discovery into a project of scale by striking another joint venture arrangement with a junior neighbour (reports The West Australian).

Rio Tinto has again highlighted its commitment to developing its Winu copper-gold discovery into a project of scale by striking another joint venture arrangement with a junior neighbour (reports The West Australian). The mining giant has agreed with Sipa Resources to spend at least $3 million on exploration within 2.5 years at its Paterson North copper-gold project, which lies just 10km east of Winu in the Paterson province.

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RBC Capital Markets says positive sentiment towards gold has shifted the goal posts for the precious metal (reports MiningNews).

RBC Capital Markets says positive sentiment towards gold has shifted the goal posts for the precious metal (reports MiningNews). Comex gold futures touched a record high of US$2009 an ounce yesterday. RBC commodity strategist Christopher Louney said gold positioning indicated investors' attitudes gold had changed due to COVID-19, economic turbulence, and extremely easy monetary policy actions. "Uncertainty is high amid the multiple crises, and political as well as geopolitical tensions are proliferating," he said.

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Saracen Mineral Holdings is capitalising on the strong gold price to invest further in its Western Australian operations (reports MiningNews).

Saracen Mineral Holdings is capitalising on the strong gold price to invest further in its Western Australian operations (reports MiningNews). The ASX 100 gold miner gave an update on its Carosue Dam and Thunderbox operations, with guidance and resources and reserves for its 50% stake in the Super Pit to follow in early September. Saracen reported record reserves for Carosue Dam and Thunderbox of 3.7 million ounces, close to the five-year target of 4Moz set in 2018.

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With a tumultuous board dispute behind it, and a fresh management team on deck, things have been looking up for Anglo Australian Resources and its Mandilla gold project 70km south of Kalgoorlie (reports The West Australian).

With a tumultuous board dispute behind it, and a fresh management team on deck, things have been looking up for Anglo Australian Resources and its Mandilla gold project 70km south of Kalgoorlie (reports The West Australian). Anglo began reporting solid results from drilling into the granite bedrock at Mandilla in July last year after historic exploration had focused on shallower targets. But a board bust-up late last year between then chairman John Jones and director Peter Stern temporarily distracted the company’s attention.

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While Australian gold M&A activity has been subdued so far in 2020, RFC Ambrian predicts it will pick up in the latter part of the year (reports MiningNews).

While Australian gold M&A activity has been subdued so far in 2020, RFC Ambrian predicts it will pick up in the latter part of the year (reports MiningNews). A report from the firm noted there had been plenty of gold M&A activity in the Canadian sector, as well as among offshore Australian gold companies, such as Exore Resources and Cardinal Resources. "We believe the conditions are ripening by the day for consolidation among the Australian onshore companies in particular," RFC analysts said.

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WA lithium producer Pilbara Minerals says it has managed to refinance a $US100m bond taken out in 2017 to fund construction of its Pilgangoora lithium mine in 2017

WA lithium producer Pilbara Minerals says it has managed to refinance a $US100m bond taken out in 2017 to fund construction of its Pilgangoora lithium mine in 2017, in a sign the gloom surrounding the lithium sector may be beginning to lift (reports The Australian).

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Chalice Gold Mines is having quite a year, now announcing it may have a tier-one scale gold system in Victoria (reports Small Caps).

Chalice Gold Mines is having quite a year, now announcing it may have a tier-one scale gold system in Victoria (reports Small Caps). Following on the heels of its huge Julimar nickel-copper-platinum group elements (PGE) discovery near Perth, the company has now confirmed it has a large gold system found under cover in historical Victorian gold country.

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