News

Initial drilling at Trigg Mining’s (ASX: TMG) Lake Throssell sulphate of potash (SOP) project has generated high grade results (reports Small Caps).

Initial drilling at Trigg Mining’s (ASX: TMG) Lake Throssell sulphate of potash (SOP) project has generated high grade results (reports Small Caps). Aircore drilling within the project’s basal aquifers has produced SOP grading up to 11,519 milligrams per litre. A maiden aircore drilling program kicked-off at Lake Throssell in late November last year. The program is 50% complete with 16 holes undertaken for 1,806m.

read more

acquarie Equities has maintained its Outperform recommendation for nickel developer Mincor Resources (ASX: MCR)

Macquarie Equities has maintained its Outperform recommendation for nickel developer Mincor Resources (ASX: MCR) in the wake of its well-received December quarterly report, issuing a 12-month price target of $1.40 per share. Mincor shares were trading yesterday at around $1.03 per share. In an updated research note, Macquarie says Mincor has commenced development activities at its Durkin North and Cassini mines at Kambalda, with total development metres in line with DFS estimates.

read more

Separating reality from speculative share trading has probably never been harder but if you look through the dust stirred up by day-traders and this week’s stock market correction you will see the start of the world’s seventh great resources boom.

Separating reality from speculative share trading has probably never been harder but if you look through the dust stirred up by day-traders and this week’s stock market correction you will see the start of the world’s seventh great resources boom. Recent events highlight those points because on one hand there was a feeding frenzy in the U.S. of online traders using mobile phone apps to stir the market, while on the other hand there was growing confidence that supply shortages will drive commodities higher for at least the next decade.

read more

Plus, Liontown’s results fuel hopes it may be Chalice Mark II and Bellevue’s imminent feasibility study set to reveal ‘a moving feast to the upside’

Rex Mineral’s chief executive Richard Laufmann reckons we’re in a new commodities super cycle, with copper in particular to benefit. He is a big fella whose collection of motorcycles includes a Harley-Davidson, so there will be no disagreement here with his call. Besides, the price performance of copper since mid-2020 has been nothing short of spectacular. The red metal averaged $US2.66/lb in the first six months of last year but has since charged 38% higher to $US3.66/lb, or about 60% above its March 2020 lows.

read more

Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday

Gold got a Joe Biden bump after his inauguration as the U.S. President yesterday, but the battery-metals sector is (so far) proving to be the more significant winner as the new man in the White House brings with him a range of tough environmental protection policies. A clearer look of what’s to come can be seen in China where there is a market for trading in obscure commodities such as neodymium, a rare earth favoured by makers of the long-life batteries used in electric cars.

read more

Northern Star Resources has reported a strong December quarter with gold sales up 11 per cent to 252,899 ounces — at the upper end of its previously stated guidance range (reports The West Australian).

Northern Star Resources has reported a strong December quarter with gold sales up 11 per cent to 252,899 ounces — at the upper end of its previously stated guidance range (reports The West Australian). The Bill Beament-led company, which is set to formally merge with Saracen Mineral Holdings next month, delivered $93 million in free cashflow during the three months to the end of December despite investing $63m in growth capital and exploration. Including the $63m investments, all-in costs were $1825/oz, up from $1752/oz in the previous quarter.

read more

Saracen Mineral Holdings has reported a strong final quarterly report ahead of its merger with Northern Star Resources (reports MiningNews).

Saracen Mineral Holdings has reported a strong final quarterly report ahead of its merger with Northern Star Resources (reports MiningNews). December quarter production from the Carosue Dam, Thunderbox and 50%-owned Super Pit in Western Australia was "a very predictable" 155,122 ounces of gold at all-in sustaining costs of A$1224 an ounce. The company experienced three lost time injuries during the quarter, putting its long-term injury frequency rate at 1.7, above the WA gold industry average of 1.5.

read more

Pilbara Minerals has completed the timely acquisition of the Altura lithium project

Pilbara Minerals has completed the timely acquisition of the Altura lithium project in the Pilbara, saying it will keep the shuttered operation on care and maintenance until it formulates a strategy for the integration of the mine into its neighbouring Pilgangoora operation (reports The West Australian). The Ken Brinsden-led company announced today it had completed the $US175 million transaction with the lenders of the failed entity Altura Mining that would allow it to take control of the company’s assets.

read more

Upcoming Events

View All

12th - 13th Oct 2021

RRS 2021 Gold Coast Conference

Resources Rising Stars will be back to the Gold Coast in 2021 for our 18th Annual Investor Conference!

© 2021 Resources Rising Stars All Rights Reserved