News

Discovery, deals and outages dominated events on the Australian market this week but the big news which continues to affect everything was off-market: the Covid-19 pandemic and vaccines which increasingly look like next year’s “get out of jail card”.

Discovery, deals and outages dominated events on the Australian market this week but the big news which continues to affect everything was off-market: the Covid-19 pandemic and vaccines which increasingly look like next year’s “get out of jail card”. Chalice and its text-book re-writing palladium discovery near Perth was one of the big movers, rising to an all-time high of $3.84, before easing to close at $3.69, up 50c in the week and good enough to retain membership of the $1 billion market-cap club.

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Shares in Chalice Gold Mines shot to new highs, pushing the explorer’s market capitalisation back through the $1 billion threshold on the back of more positive drilling results from its Julimar project (reports The West Australian).

Shares in Chalice Gold Mines shot to new highs, pushing the explorer’s market capitalisation back through the $1 billion threshold on the back of more positive drilling results from its Julimar project (reports The West Australian). The company reported this morning that drill intersections had extended its so-called G4 deposit at its Gonneville discovery 70km north-east of Perth. It also announced the discovery of two new mineralised zones at the southern end of the Gonneville intrusion.

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Ahead of finalising project funding, Strandline Resources (ASX: STA) has secured access to a port on Western Australia’s coast that will enable it to export 100% of the mineral sands products produced at its Coburn project (reports Small Caps).

Ahead of finalising project funding, Strandline Resources (ASX: STA) has secured access to a port on Western Australia’s coast that will enable it to export 100% of the mineral sands products produced at its Coburn project (reports Small Caps). The WA-based explorer inked the binding port access and services agreement with Mid West Ports Authority, which operates the Port of Geraldton about 420km north of Perth and 240km south of the Coburn project.

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Gold mining aspirant Bardoc Gold says it has confirmed shallow supergene mineralisation that it anticipates will add to open pit ore reserves at its planned 100,000 ounce per annum development on Kalgoorlie’s doorstep (reports MiningNews).

Gold mining aspirant Bardoc Gold says it has confirmed shallow supergene mineralisation that it anticipates will add to open pit ore reserves at its planned 100,000 ounce per annum development on Kalgoorlie’s doorstep (reports MiningNews). The mineralisation was found in the Sigma lode and will be added into the company's definitive feasibility study due in March next year. Meanwhile, a high-grade intercept of 21m grading 3.94 grams per tonne "presents further opportunity at depth at this emerging prospect", Bardoc said.

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A maiden 500,000oz resource at Arakaka is the first step towards a project with “multi-million-ounce bulk tonnage potential”, Alicanto Minerals says (reports Stockhead).

A maiden 500,000oz resource at Arakaka is the first step towards a project with “multi-million-ounce bulk tonnage potential”, Alicanto Minerals says (reports Stockhead). Alicanto’s (ASX:AQI) main game is the flagship Greater Falun project in Sweden, but its legacy asset – the Arakaka project in Guyana, South America – adds another very valuable string to its bow.

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Diversified explorer RareX has confirmed assays from recent in-fill and extensional drilling have shown potential for a high-grade resource at its flagship Cummins Range rare earths project in Western Australia’s Kimberley region (reports Small Caps).

Diversified explorer RareX has confirmed assays from recent in-fill and extensional drilling have shown potential for a high-grade resource at its flagship Cummins Range rare earths project in Western Australia’s Kimberley region (reports Small Caps). Drilling aimed to upgrade the project’s current inferred resource of 13 million tonnes at 1.13% total rare earth oxides (TREO) with 22.1% neodymium-praseodymium, and to define a high-grade component.

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20th November 2020

This quarter we wanted to focus on the significant medium-term opportunity around raw materials for Electric Vehicles (EVs), and particularly Lithium, where we have recently pivoted our stance on the commodity and increased the Ausbil Global Resources Fund positioning significantly (writes Ausbil fund manager James Stewart on Livewire).

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Plus, Northern Star’s Bill Beament says his stock is a ‘screaming buy in the $14s’ and Kairos steps up the hunt for a Hemi of its own

The market cap of Chalice Gold has just sailed through the $1 billion mark (fully diluted) as enthusiasm builds around the world-scale potential of its Julimar PGE-nickel-copper-cobalt discovery just 70km from Perth. The stock’s remarkable journey from 15c at the time of the discovery in March to $3.25 in Thursday’s market – up 6c on the day – makes it a 22 bagger, if you don’t mind.

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