News

The field season in this remote province is in full flight, offering investors leverage in abundance. Plus, former analyst helps kaolin IPO and WA iron ore junior set for first sales in new year.

There has been more gold and copper found in WA’s remote Paterson province in recent times than anywhere else in the country. Rio Tinto estimated the shallow resource at its still growing Winu find at 4.4 million ounces of gold and 1.8Mt of copper back in July, and it has also reported high-grade gold hits at the nearby Ngapakarra prospect.

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Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election.

Virus 1. Rest of the World 0. That’s the score on the first of two mega-issues which drove markets lower this week with virus gloom magnified by the uncertainty ahead of Tuesday’s U.S. Presidential election. Australia, which has largely dodged the latest outbreak of Covid-19 that is restricting mobility in Europe and the U.S., did not evade the effects of international market turmoil, but the sell-off here was less severe and more of a correction than a crash.

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RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps).

RareX, one of a small number of juniors now attempting to loosen Brazil’s grip on global supply of steel additive niobium, reports more “bonanza” grades of both that and rare earth oxides (reports Small Caps). The latest results from drilling at the Cummins Range project in the Kimberley region of Western Australia include 37m at 1.4% total rare earth oxides (TREO) and 0.2% niobium oxide. That intersection includes 7m at 3.6% (TREO) and 0.27% niobium, with mineralization beginning at 21m down hole.

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Never fear, silver bulls. The price rally will resume later this year and continue well into 2021, says London-based consultancy Metals Focus (reports Stockhead).

Never fear, silver bulls. The price rally will resume later this year and continue well into 2021, says London-based consultancy Metals Focus (reports Stockhead). Silver prices surged to ~$US29/oz in early August, falling just short of the psychologically important $US30/oz barrier, before easing back into a $US24-$US25/oz ‘holding pattern’.

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A series of low-grade results from an initial round of drilling at Kairos Minerals’ (ASX: KAI) Croydon project near Port Hedland in WA has not dampened the company’s belief that the acreage is highly prospective for gold (reports Small Caps)

A series of low-grade results from an initial round of drilling at Kairos Minerals’ (ASX: KAI) Croydon project near Port Hedland in Western Australia has not dampened the company’s belief that the acreage is highly prospective for gold (reports Small Caps). Assays received from the first eight holes of 20 drilled at the Fuego target over a total 3,815m returned a maximum grade of 0.12 grams per tonne gold, believed to be associated with a low level of sulphides in the matrix of the project’s conglomerate unit.

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Northern Star Resources has reported quarterly gold sales towards the top end of guidance (reports MiningNews)

Northern Star Resources has reported quarterly gold sales towards the top end of guidance (reports MiningNews) . old sold in the September quarter was 227,532 ounces at the upper end of guidance of 207,000-233,000oz. The average realised price for the quarter was A$2493 an ounce, generating revenue of $530.3 million. "This has been a very strong quarter for Northern Star at all levels," executive chairman Bill Beament said.

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Sandfire Resources has reported record quarterly copper production, as well as the feasibility study for its Black Butte development in the US and a new farm-in agreement in New South Wales (reports MiningNews)

Sandfire Resources has reported record quarterly copper production, as well as the feasibility study for its Black Butte development in the US and a new farm-in agreement in New South Wales (reports MiningNews). he long-awaited study for the Black Butte project in Montana, held by 85%-owned subsidiary Sandfire Resources America, outlined capital costs of US$274.7 million for an eight-year, 1.2 million tonne per annum operation. Average annual copper production will be about 23,000 tonnes at a C1 cost of US$1.51 per pound.

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Some lenders to Altura Mining (ASX:AJM) have entered into an agreement with Pilbara Minerals (ASX:PLS) allowing it to acquire Altura’s lithium operation in WA for $US175m ($247.8m) (reports Stockhead)

Some lenders to Altura Mining (ASX:AJM) have entered into an agreement with Pilbara Minerals (ASX:PLS) allowing it to acquire Altura’s lithium operation in WA for $US175m ($247.8m) (reports Stockhead).

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