News

Trigg Mining (ASX: TMG) has discovered a large scale palaeovalley beneath its Lake Throssell sulphate of potash project that has the potential to host “significant” potassium-rich brines (reports Small Caps).

Trigg Mining (ASX: TMG) has discovered a large scale palaeovalley beneath its Lake Throssell sulphate of potash project that has the potential to host “significant” potassium-rich brines (reports Small Caps). This structure is defined as a remnant of an inactive river or stream channel that has been filled or buried by younger sediment. Trigg’s gravity survey has confirmed the presence of the palaeovalley beneath Lake Throssell. It has been modelled to a depth of about 120m below surface.

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With its nickel, copper and gold assets ticking over, a A$65 million exploration budget, and around $450 million in cash, managing director Peter Bradford is convinced IGO can be a player in the M&A space

With its nickel, copper and gold assets ticking over, a A$65 million exploration budget, and around $450 million in cash, managing director Peter Bradford is convinced IGO can be a player in the M&A space this year, with the miner looking at its core metals, a downstream nickel sulphate business, and lithium rare earths opportunities (reports MiningNews).

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With the price defying analysts’ predictions of a sharp drop and BHP saying this week that it no longer expects “an abrupt step down”, juniors such as Fenix and Strike are feeling investors’ love. Plus, Chalice’s nickel-copper find attracts international attention.

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Volatility ruled financial markets this week with gold’s roller-coaster ride a perfect example of what to expect for the rest of the year.

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Barrick Gold shares surged to their highest closing price in more than seven years, leading gains in precious-metals miners after Warren Buffett’s Berkshire Hathaway added the company to its portfolio (reports Bloomberg).

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The WA owners of Kalgoorlie’s Super Pit have revealed combined annual profits of nearly $516 million on the back of record gold prices and increased production (reports The West Australian).

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Northern Star Resources has surprised the market by declaring a special dividend, off the back of strong financial results and an even stronger outlook (reports MiningNews).

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The fabled Super Pit mine in Western Australia has a new gold inventory of 19 million ounces with an in-the-ground value of about $54 billion at today's price for the precious metal (reports The Australian Financial Review).

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