Tiddler Valor Resources is turning its gaze towards the Western Australian Goldfields with an agreement to acquire an interest in the high-grade Radio mine near Southern Cross in Western Australia (reports MiningNews).
Valor's Berenguela copper-silver-manganese project in southeast Peru was recently joint ventured out to Rio Tinto's Kennecott Exploration Company, and with that project in hand it is looking to establish a gold revenue stream by early 2020.
Chinese lithium-ion battery manufacturer Contemporary Amperex Technology (CATL) will emerge as one of the biggest shareholders in Pilbara Minerals under a plan to raise up to $111.5 million (reports The Australian Financial Review).
Chinese lithium-ion battery manufacturer Contemporary Amperex Technology (CATL) will emerge as one of the biggest shareholders in Pilbara Minerals under a plan to raise up to $111.5 million (reports The Australian Financial Review).
CATL will pay $55 million for 8.5 per cent of Pilbara, under a placement that effectively values the Western Australian lithium exporter at $646 million.
CATL makes electric vehicle batteries for car manufacturers like BMW, and is currently building a factory in Germany to supply BMW and other customers.
Sunstone Metals managing director Malcolm Norris and his team believe they are on the cusp of a world-famous exploration hattrick.
The team is already credited with finding the SolGold Cascabel and Intrepid Mining’s Tujuh Bukit deposits which have made many hundreds of millions of dollars for investors, Norris can now smell another major find at Sunstone’s Bramaderos project in Ecuador.
Sandfire chief says this longer-term outlook means now is the time to get set for the next cycle. Plus, African minister’s appearance at local conference fuels hopes that its Mining Right is imminent.
Copper producers are rightly feeling a bit glum, most of them anyway.
Prices for the bellwether of global economic activity have slipped in recent months to an uninspiring $US2.56/lb.
That compares with the average price for the first half of the calendar year of $US2.80/lb and the 2018 calendar year average of $US2.96/lb.
As noted recently by BHP’s VP of markets analysis and economics, Huw McKay, copper is being heavily influenced by the whipsawing of expectations with respect to the US–China trade confrontation.
Congratulations to readers who took seriously last week’s departure from the norm with mention in this column of the long-neglected small oils sector because some of them could have doubled their money on Strike Energy.
Congratulations to readers who took seriously last week’s departure from the norm with mention in this column of the long-neglected small oils sector because some of them could have doubled their money on Strike Energy.
Interest in Strike, and a number of other small oil stocks, such as Cooper Energy, Carnarvon Petroleum and Warrego Energy, has been building as a recovery in exploration accelerates after the painful oil-price crash of five years ago.
The nature of annual profit reports is that they are but snapshots of history, writes Barry FitzGerald
The nature of annual profit reports is that they are but snapshots of history, writes Barry FitzGerald on (MiningNews).
Northern Star's executive chairman Bill Beament must have had that in mind when fronting the group's investor call for its 2019FY profit report on Tuesday morning.
Beament ran through the profit figures all right, but his real message was that we are in exceptional times for the Australian gold industry thanks to the local price for the yellow metal marching in to record territory.
There aren’t many explorers capable of raising $18m right now, but Liontown (ASX:LTR) is having a hell of a year
There aren’t many explorers capable of raising $18m right now, but Liontown (ASX:LTR) is having a hell of a year (reports Stockhead).
As lithium prices circle the drain, the WA small cap darling has consistently defied market sentiment.
The stock is still up 331 per cent since the start of 2019.
This is an aggressive timeline, with the immediate focus on completing a pre-feasibility study (PFS) by the end of 2019.
Venturex listed on the ASX just before the markets went completely pear-shaped in 2009-2010 (reports Stockhead).
Junior explorers were hit particularly hard, and Venturex (ASX:VXR) was forced to rationalise its portfolio and preserve cash as the value of equities plummeted and capital vanished from the markets.
So it’s fitting that the company is currently developing a copper-zinc project, called Sulphur Springs, which is designed to be robust at any stage of the price cycle.
