News

Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL)

Leading broking firm Canaccord Genuity has upped its price target for gold developer Bellevue Gold (ASX: BGL) once again to $1.45-a-share (from $1.35 previously) following further positive news this week from the Company’s namesake WA gold project. According to Canaccord’s Perth-based resource analyst Tim McCormack, Bellevue is “ticking all the boxes” at its high-grade Bellevue project with the latest update continuing to “validate the project as an exciting, low capex development proposition in our view.”

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Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR)

Bell Potter is the latest broking firm to initiate research coverage on fast-growing lithium developer Liontown Resources (ASX: LTR), with a Speculative Buy recommendation and 19cps valuation, well north of its recent trading price of 10-11c. In a detailed research report released this week, Bell Potter analyst Stuart Howe says Liontown is positioned to develop an “attractive project” at its flagship Kathleen Valley project in WA as the lithium market’s fundamentals are expected to significantly improve and support higher prices.

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Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN)

Veteran Sydney-based resource analyst Gavin Wendt believes that the market may have missed the significance of recent drilling results from Chalice Gold Mines (ASX: CHN) 100%-owned Julimar Nickel-Copper-PGE Project, located just ~70km north-east of Perth in Western Australia. Three rigs (two RC and one diamond) are currently drilling at the Gonneville Intrusive, where Chalice recently made a high-grade Ni-Cu-PGE discovery in March 2020.

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Plus, Pilbara Minerals’ chief Ken Brinsden explains why the lithium story is no flash in the pan, with many more big mines needed to satisfy looming demand wave

Premier Daniel Andrews’ “why would you want to go there’’ jab in response to being left out of South Australia’s travel bubble had a certain irony about it for active mineral explorers in his state of Victoria. Stavely Minerals’ (ASX: SVY) executive chairman Chris Cairns said this week that when the company listed on the ASX in 2014 in a $6.1 million float focused on the big-time copper potential of the Stavely volcanic belt in western Victoria, he was often asked: why Victoria?

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“Greenlit” is the new description of gold, which traded this week between the tramlines of $US1710-and-$US1730 an ounce but could soon be heading for $US1900/oz as negative virus and geopolitical news dampened enthusiasm for rival assets

“Greenlit” is the new description of gold, which traded this week between the tramlines of $US1710-and-$US1730 an ounce but could soon be heading for $US1900/oz as negative virus and geopolitical news dampened enthusiasm for rival assets. Signs of a second wave of COVID-19 in China and the US destroyed confidence that the worst of the economy-sapping virus had passed.

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Perth junior Breaker Resources (ASX: BRB) has discovered several new high-grade lodes from deeper drilling below an open pit resource within its Lake Roe gold project near Kalgoorlie

Perth junior Breaker Resources (ASX: BRB) has discovered several new high-grade lodes from deeper drilling below an open pit resource within its Lake Roe gold project near Kalgoorlie. Results received from four reconnaissance diamond drill holes completed below the northern part of the Bombora deposit have highlighted the possibility of expanding the existing 1 million ounce resource at depth.

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Fenix Resources is looking to make a final investment decision on its Iron Ridge mine near Cue next month to be in production by the end of the year (reports MiningNews)

Fenix Resources is looking to make a final investment decision on its Iron Ridge mine near Cue next month to be in production by the end of the year (reports MiningNews). The November feasibility study outlined capital costs of just A$11.9 million for a 6.5-year operation producing 1.25 million tonnes of high-grade "a straight DSO product" per annum at C1 costs of $76.86 per tonne. Fenix managing director Rob Brierley told a Resources Rising Stars virtual event that while cash costs were "quite high", margins would be good at current prices.

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The rapidly growing demand for more nickel in electric vehicle (EV) batteries is expected to see the base metal take a much bigger market share in just three years (reports Stockhead)

The rapidly growing demand for more nickel in electric vehicle (EV) batteries is expected to see the base metal take a much bigger market share in just three years (reports Stockhead). “In terms of when the shift towards nickel intense cathodes starts to take effect, we expect batteries using high nickel cathodes (namely NCM 811) start to really develop significant market share from 2023 onwards,” Benchmark Mineral Intelligence analyst Gregory Miller told Stockhead.

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