News

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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Credit Suisse has significantly upgraded its outlook for the gold price for the next two-and-a-half years (reports MiningNews)

Credit Suisse has significantly upgraded its outlook for the gold price for the next two-and-a-half years (reports MiningNews). The bank lifted its September quarter gold price forecast from US$1560 an ounce to $1750/oz, and its December quarter forecast from $1600/oz to $1775/oz. It expects gold to average $1800/oz next year, up from the previous forecast of $1600/oz, and $1650/oz in 2022, up from $1550/oz.

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The current lithium market malaise has not dulled the enthusiasm of Pilbara Minerals managing director Ken Brinsden (reports MiningNews).

The current lithium market malaise has not dulled the enthusiasm of Pilbara Minerals managing director Ken Brinsden (reports MiningNews). The market turn is inevitable, Brinsden told a Resources Rising Stars virtual event yesterday. When that happens, Australian producers will be well-placed to capitalise. Brinsden said the spodumene produced in Australia was becoming the preferred feedstock over brines from South America.

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Sydney-based Bridge Street Capital has increased its valuation for lithium developer Liontown Resources

Sydney-based Bridge Street Capital has increased its valuation for lithium developer Liontown Resources (ASX: LTR) from 17c to 21c after incorporating inputs from the company’s latest development update on its flagship Kathleen Valley lithium-tantalum project in WA.

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The hunt for the next big NSW porphyry is hotting up, with the highly regarded team leading the RareX-Kincora campaign saying it’s the “hottest porphyry prospect” after Alkane

Alkane (ASX:ALK) has just about doubled to 99c since its crazy March low of 50c when many thought the world as we knew it was all over because of COVID-19. It has lots of things on the go but the main driver since its March low has been renewed enthusiasm for last year’s Boda discovery in NSW’s central-west to shape up as a tier-one gold-copper porphyry project. On results to date, Boda is clearly the most significant discovery in the region since Newcrest uncovered its Cadia gold-copper riches in the 1990s.

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Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years

Just about everything else fell this week but gold reclaimed its star status with a rise of $US50 an ounce after a promise from the US central bank that there will be no increase in official interest rates for at least another two years. The problem with the no-rate increase comments from the Federal Reserve chairman Jay Powell is that while they might be good for gold, they reflect a downbeat outlook for US and global growth.

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10th - 11th Nov 2020

Gold Coast Conference

With increasing global uncertainty regarding the outbreak of COVID-19 and in light of the latest advice from the Australian Government, including an indefinite ban on large indoor gatherings and in

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