News

It’s been a long time since uranium caught the eye of mainstream investors but in a shortened pre-Easter week when the price of almost everything else was trending down, it was time for the love-hate nuclear fuel to shine (or should that be glow!).

It’s been a long time since uranium caught the eye of mainstream investors but in a shortened pre-Easter week when the price of almost everything else was trending down, it was time for the love-hate nuclear fuel to shine (or should that be glow!). Second-tier investment banks and stockbrokers such as Shaw and Partners have been banging the uranium drum for several months with buy tips on most uranium explorers, including this week’s positive recommendation on Peninsula Energy, which has a promising U.S. project.

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Mincor has paid tribute to the late geologist who discovered nickel at Kambalda in 1966, naming a decline at its new Cassini underground mine in his honour (reports The West Australian).

Mincor has paid tribute to the late geologist who discovered nickel at Kambalda in 1966, naming a decline at its new Cassini underground mine in his honour (reports The West Australian). The Woodall Decline recognises the illustrious career of a doyen of Australian geology in Roy Woodall, who died in Adelaide in February, aged 90. Mincor noted the pioneering work of the former WMC employee today as the company celebrated the revival of nickel mining at Kambalda after a five-year hiatus.

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Bardoc Gold has released its much anticipated definitive feasibility study for its namesake gold project in the heart of Western Australia’s Eastern Goldfields, underpinned by a 28% larger reserve estimate (reports MiningNews).

Bardoc Gold has released its much anticipated definitive feasibility study for its namesake gold project in the heart of Western Australia’s Eastern Goldfields, underpinned by a 28% larger reserve estimate (reports MiningNews). Bardoc, which has more than 3.07 million ounces in resources within its 250sq.km of consolidated leases, based today's DFS on a 1Moz reserve contained within five of 17 known deposits: Zoroastrian, Excelsior, Aphrodite, Bulletin and Mayday.

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1st April 2021

Strandline Resources is poised to make a final investment decision on its Coburn mineral sands project near Shark Bay after completing the funding puzzle for the development with a $122 million raising (reports The West Australian).

Strandline Resources is poised to make a final investment decision on its Coburn mineral sands project near Shark Bay after completing the funding puzzle for the development with a $122 million raising (reports The West Australian). The project is expected to create 300 jobs during construction, 150 jobs in operation from the second half of next year and bring $922m in benefits to a region not known for mining investment.

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Strandline Resources will raise $122 million to complete the funding puzzle for its Coburn mineral sands project near Shark Bay (reports The West Australian).

Strandline Resources will raise $122 million to complete the funding puzzle for its Coburn mineral sands project near Shark Bay (reports The West Australian). The company this morning flagged a $39m placement along with an $83m, one-for-1.3 rights issue priced at 20.5¢, representing a 9 per cent discount to its last traded price of 22.5¢. The new cash will combine with a $150m loan facility from the Northern Australia Infrastructure Facility and $80m from a senior secured bond issue to complete the funding for the $260m Coburn project.

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Independently run scoping study demonstrates potential for sustainable, long-life, low-cost nickel sulphide extraction at 100%-owned Jaguar Project in Carajas Mineral Province (reports Stockhead).

Independently run scoping study demonstrates potential for sustainable, long-life, low-cost nickel sulphide extraction at 100%-owned Jaguar Project in Carajas Mineral Province (reports Stockhead). The results of the study showed the capability of the project to generate strong financial returns from the production of Class-1 nickel for global markets. Importantly, the findings also supported the delivery of economic and social benefits to the region.

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Genesis Minerals’ drilling over the past six months has allowed it to deliver another significant resource boost for its flagship Greater Ulysses gold project, near Leonora in Western Australia (reports MiningNews).

Genesis Minerals’ drilling over the past six months has allowed it to deliver another significant resource boost for its flagship Greater Ulysses gold project, near Leonora in Western Australia (reports MiningNews). The resource is now 26% higher, up from 1.28 million ounces resources in June 2020 to a revised 27.3 million tonnes at 1.8 grams per tonne for 1.6Moz. The higher confidence measured and indicated resource is 32% higher, up 237,000oz to 984,000oz.

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Rare earths focused RareX (ASX:REE) remains strongly leveraged to exploration success and growth on two fronts after making a strategic investment in NSW-focused explorer Kincora Copper (reports Stockhead).

Rare earths focused RareX (ASX:REE) remains strongly leveraged to exploration success and growth on two fronts after making a strategic investment in NSW-focused explorer Kincora Copper (reports Stockhead). RareX has subscribed for another 3,500,000 shares at 20c each as part of Kincora Copper’s current $10 million capital raising and Initial Public Offering (IPO) on the ASX.

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