News

Aircore drilling at Kin Mining’s (ASX: KIN) Eagle-Crow prospect within the Cardinia gold project in Western Australia has uncovered numerous gold intervals, which the company describes as “outstanding” (reports Small Caps).

Aircore drilling at Kin Mining’s (ASX: KIN) Eagle-Crow prospect within the Cardinia gold project in Western Australia has uncovered numerous gold intervals, which the company describes as “outstanding” (reports Small Caps). The assays indicate two parallel mineralised zones over “substantial strike length”, which Kin says could lead to an “extensive, shallow gold discovery”.

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Copper is so crucial in electrifying the global economy that finding enough of it has become a US national security issue, according to mining magnate Robert Friedland (reports Bloomberg).

Copper is so crucial in electrifying the global economy that finding enough of it has become a US national security issue, according to mining magnate Robert Friedland (reports Bloomberg).

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16th April 2021

Despite a softening in the gold price this year, BMO Capital Markets managing director of commodities research Colin Hamilton says the metal is holding up well (reports MiningNews).

Despite a softening in the gold price this year, BMO Capital Markets managing director of commodities research Colin Hamilton says the metal is holding up well (reports MiningNews). After peaking at over US$2000 an ounce in August 2020, gold has fallen as low as $1683/oz last month. It currently sits at about $1747/oz.

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Heavyweight global investment bank Goldman Sachs has upgraded its recommendation for mid-tier copper producer Sandfire Resources

Heavyweight global investment bank Goldman Sachs has upgraded its recommendation for mid-tier copper producer Sandfire Resources (ASX: SFR) from neutral to a BUY on the back of higher base metal forecasts, raising its price target to $7.60-a-share. The news prompted an immediate 6% lift in Sandfire shares yesterday to over $5.80, though still well short of the revised Goldman Sachs target.

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Bellevue Gold has reported a maiden resource for its Marcelline discovery, five months after its discovery, which has increased the overall resource at the Bellevue project in Western Australia (reports MiningNews).

Bellevue Gold has reported a maiden resource for its Marcelline discovery, five months after its discovery, which has increased the overall resource at the Bellevue project in Western Australia (reports MiningNews). Marcelline, discovered in November, has a maiden resource of 310,000 ounces at 9.7 grams per tonne gold.

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Copper explorer Stavely Minerals is on track to define and develop a high-grade, long-life copper mine at its namesake project in Victoria, with the added speculative appeal of a Tier-1 porphyry deposit.

Copper explorer Stavely Minerals (ASX: SVY) is on track to define and develop a high-grade, long-life copper mine at its namesake project in Victoria, with the added speculative appeal of a Tier-1 porphyry deposit at depth, according to respected Sydney-based resource analyst Jean-François Bertincourt. JF Bertincourt, whose equity research firm Terra Studio covers a number of emerging resource stocks, is a former senior mining analyst with Canaccord and a Vice President with banking giants BNP Paribas and Société Générale.

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Plus, Firefly’s move to set manganese Firebird free delivers windfall for shareholders and has Tolga got an elephant by the trunk at Aston?

It is a nice problem to have when on-going drilling continues to return high-grades hits of increasing thickness at depth. And so it is with New World Resources (NWC), last mentioned here in June last year when it was a 1.3c stock with a $13 million market cap. NWC is now a 10.5c stock with a market cap of $140m on expanded capital, so it’s been a 10-bagger anyway it’s cut. The excitement around the stock is due its high-grade Antler copper project in north-western Arizona. Think the heartland of the US copper industry, and saguaro cacti.

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Brazil’s descent this week into a full-blown Covid-19 crisis should ensure ongoing super profits for Australia’s iron ore miners as the price of the steel-making material rises back above $US170 a tonne.

Brazil’s descent this week into a full-blown Covid-19 crisis should ensure ongoing super profits for Australia’s iron ore miners as the price of the steel-making material rises back above $US170 a tonne. The potential for continuing Brazilian supply shortfall, when combined with strong worldwide demand for steel, could easily see iron ore challenge last month’s near-record high of almost $US180/t. What’s happening in iron ore was not expected. Most investment banks had been forecasting a price fall as supply rose and Chinese steel demand peaked.

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