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Saracen is an Australian based gold producer that, following the acquisition of 50% of The Super Pit, owns three gold producing centres all within a 300km radius of Kalgoorlie in the mining friendly jurisdiction of Western Australia

Saracen is an Australian based gold producer that, following the acquisition of 50% of The Super Pit, owns three gold producing centres all within a 300km radius of Kalgoorlie in the mining friendly jurisdiction of Western Australia (reports NovaPort Capital’s Mitch Ryan on Livewire).

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Exceptionally high-grade grades have been heralded by Stavely Minerals

Exceptionally high-grade grades have been heralded by Stavely Minerals, with the company claiming the latest assays from Victoria’s Thursday’s Gossan prospect continue to support an exciting shallow resource in the Cayley Lode (reports MiningNews). The latest diamond hole, 20m north-west of September's discovery hole, returned 1m at 26.9% copper, 8.48 grams per tonne gold and 201 grams per tonne silver within, 8m at 5.12% copper, 1.48gpt gold and 34.3gpt silver from 121m.

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The exploration spotlight swings back on to Stavely Minerals (ASX:SVY) in coming days with the expected release of latest drill results from its Thursday’s Gossan copper-gold discovery in the Stavely volcanic belt in western Victoria (reports Barry FitzGerald on Stockhead).

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Bellevue Gold has reported a maiden resource for the Deacon Lode, which has taken the total resource for its namesake project to 2.2 million ounces of gold (reports MiningNews). Deacon has a maiden resource of 410,000 ounces at 12.3 grams per tonne gold. The resource beat Canaccord Genuity analyst Tim McCormack's estimate of 250,000-350,000oz at 8-10gpt. The resource only covers 900m of the identified 2000m strike length. Mineralisation remains open in all directions with high-grade hits of up to 23gpt gold already received from outside the resource.

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The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies.

The coronavirus-induced market meltdown is creating buying opportunities everywhere, especially among base metals companies. None more so than mid-tier copper-gold miner Sandfire Resources (ASX: SFR), whose shares plumbed 5-year lows of $4.48 this week. In show of confidence in the mid-tier miner’s ability to bounce back strongly from the current malaise, Sandfire chief executive Karl Simich shelled out $226,395 earlier this week to top up his holding to the tune of 50,000 shares.

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The Big Australian’s new chief admits to reviewing the battery metal’s potential “on a regular basis”...

BHP’s posturing that it stands to benefit from the world’s great decarbonisation event – the electric vehicle and renewable energy storage revolution – through its electrification and battery metals exposures of copper and nickel is well known. It likes to call the exposures its “future-facing” commodities and it has just declared an appetite for more copper and nickel resource positions through exploration and early-stage entry into projects owned by others.

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In the second of his special series on commodities, Prospector’s Diary looks at the Devil’s Metal

Fortunes to rival those from gold have been made in the Australian nickel mining industry, but it is also a metal that more than lives up to its nickname of “devil metal” or “devil’s copper”. Erratic price movements which have seen nickel soar to more than $US20 a pound before crashing back to $US4/lb are the modern reason for treating nickel with caution.

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Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit...

Saracen Mineral Holdings boss Raleigh Finlayson says the company wants to keep its powder dry for growth options around the Superpit and to reduce debt before paying a long-awaited inaugural dividend (reports The Australian Financial Review). The Saracen board opted not to pay a half-year dividend in the wake of forking out $US750 million ($1.115 billion) for a half share in the Superpit gold operations.

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