News - Market Insights

From the many hundreds of listed small cap explorers, barely a handful will become long-term success stories (reports Reuben Adams of Stockhead). But pick the right one as an investor and gains can be monumental. In early 2009, struggling explorer Sandfire Resources (ASX: SFR) discovered what would later become the world-class DeGrussa copper-gold mine, rapidly transforming its fortunes from a 4c penny stock into a ~$1bn mining company.

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Liontown Resources has reported a near-doubling of its resource at the Kathleen Valley lithium prospect...

Liontown Resources has reported a near-doubling of its resource at the Kathleen Valley lithium prospect, with another estimate due next month as feasibility work continues (reports MiningNews). The new 139 million tonne resource, grading 1.3% lithium oxide, is an 86% increase on the estimate made in mid-2019. Liontown said the reporting of interim resource estimate "followed a review of data from the ongoing drilling program which indicated that a previously announced resource extension exploration target of 25-50Mt at 1.2-1.5% Li2O would be materially exceeded".

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Centaurus Metals (ASX: CTM) has bitten into a thick zone of high-grade semi-massive to massive nickel sulphides at the Onça-Rosa prospect, within its Jaguar nickel project in northern Brazil (reports Bevis Yeo of Stockhead). Recent drilling has confirmed the down-dip extension of historical high-grade nickel sulphide mineralisation with a top result of 9.3m at 3.13 per cent nickel, 0.19 per cent copper and 0.08 per cent cobalt from 281.8m, Yeo said.

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There was in 1999 a very good reason for deciding to close the Misima goldmine in Papua New Guinea...

There was in 1999 a very good reason for deciding to close the Misima goldmine in Papua New Guinea. Somewhat oddly, it’s exactly the same reason to start again today (reports Stockhead). The price of gold, which had plunged to $US252/oz ($374/oz) in May 1999, at the start of a gold-selling program by the Bank of England, determined the fate of the mine 21 years ago, whereas the current price of $US1553/oz underpins plans to redevelop Misima.

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Tokyo | Just beyond the windows of Satsuki Kanno's apartment overlooking Tokyo Bay, a behemoth from a bygone era will soon rise: a coal-burning power plant, part of a buildup of coal power that is unheard-of for an advanced economy (reports The New York Times).

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Australian investors are likely to notice a wave of media reports about the $90 billion LNG construction industry about to take off in Mozambique...

Over the next few months, Australian investors are likely to notice a wave of media reports about the $90 billion LNG construction industry about to take off in Mozambique. Until now, this massive investment in what will be four world-scale LNG projects has received virtually no coverage in Australia because they do not involve the usual ASX-listed petroleum companies such as Woodside and Santos.

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South Africa’s abundant supply of platinum group metals (PGMs) puts it in pole position to transition towards a hydrogen-based economy

South Africa’s abundant supply of platinum group metals (PGMs) puts it in pole position to transition towards a hydrogen-based economy, Anglo American CEO Mark Cutifani said on the opening morning of Mining Indaba in Cape Town (reports MiningNews). Cutifani, who used his opening keynote address to highlight Anglo's green credentials, pointed to a 2017 report by the Hydrogen Council, which predicted hydrogen would account for 18% of global final energy demand by 2050.

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A common theme among gold miners presenting at Mining Indaba this year was a desire to grow through the drill bit amid an expected decline in gold production (reports MiningNews). The World Gold Council noted global gold production dropped by 1% in 2019, the first decline since 2008. According to a slide shown by Barrick Gold's Mark Bristow, global gold production will peak this year, while the WGC now believes it may have peaked in 2018. "Even if all the projects in the pipeline come to fruition, it's all downhill from there," Bristow told delegates.

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