News

Sipa Resources has been scratching around at its Paterson North project

Sipa Resources has been scratching around at its Paterson North project for three years with limited success, so one might be cynical when hearing that boss Lynda Burnett is more excited than ever about the explorer’s next drilling campaign at the East Pilbara location (reports The West Australian). Why the anticipation?

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Sunstone Metals has drilled just two holes at its Bramaderos Main copper-gold play in Ecuador, but it thinks it may have a system measuring 300m below surface to more than 500m laterally

Sunstone Metals has drilled just two holes at its Bramaderos Main copper-gold play in Ecuador, but it thinks it may have a system measuring 300m below surface to more than 500m laterally (reports Stockhead). It told its shareholders this morning that it had received results from the first hole drilled at the project, and the top 200m of a second hole. The high-grade zones include down hole widths of up to 97m at 0.61 grams per tonne (g/t) gold and 0.18 per cent copper from 39.9m in its first hole.

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Gold aficionado, central bank critic and best-selling author Jim Rickards reckons Federal Reserve chairman Jerome Powell faces an "impossible situation", arguing gold may rise to $US10,000 an ounce over the next five years amid strains in the financial system and as US rivals accumulate the precious metal (reports The Australian Financial Review).

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Mineral Resources has revealed more problems with the much-hyped Wodgina lithium project that is subject to a $US1.3 billion deal with global battery metals giant Albemarle (reports The Australian Financial Review). Chris Ellison-led Mineral Resources said on Thursday that it has suffered significant delays in building the spodumene concentrator at the Wodgina lithium mine, mainly due to having replace faulty valves.

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More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm

More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm. His forecast is great news for those juniors with large nickel deposits awaiting development, such as the Jaguar project just acquired by Centaurus from Brazilian giant Vale. Plus, Venturex’s $100m debt deal sets it up to become one of the few ASX-listed copper producers. The display of oomph at last week’s Diggers & Dealers conference in Kalgoorlie was not restricted to the gold stocks.

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Global financial wobbles reinforced the case for gold this week

Global financial wobbles reinforced the case for gold this week but the uncertainty factor caused by the US sharemarket shake-out put a dampener on most sectors of the market and only a handful of gold miners managed to post gains while just about everything else fell. Surprise star of the week was Dacian Gold, a stock that some investors had written off weeks ago after operational problems at its Mt Morgans mine. It added 14c to $1.26, taking its gain since early June to 87c and putting it within sight of its pre-sell off price of $1.59.

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16th August 2019

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year

Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year (reports MiningNews). The operation, near Laverton in Western Australia, produced 16,188 ounces of gold in July. The month's production puts Mt Morgans at an annualised run-rate of 194,256 ounces of gold, well above its guidance of 150,000-170,000oz.

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Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region

Calidus Resources has raised A$9 million to complete the feasibility study for its Warrawoona gold project in Western Australia’s Pilbara region, with undisclosed institutions involved in the funding and miner Alkane Resources maintaining its circa 13% stake by putting in $1.2 million (reports MiningNews). The new shares have been priced at 3.2c each, with the stock recently reaching a recent 52-week high of 4c after having been about half that price earlier this year.

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3rd Dec 2019

RRS Summer Series 2019 - Sydney Conference

One-day investor conference in Sydney on Tuesday 3 December 2019.

5th Dec 2019

RRS Summer Series 2019 - Brisbane Conference

One-day investor conference in Brisbane on Thursday 5 December 2019.

1st - 31st May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held in May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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