News

Northern Star executive chairman Bill Beament sparked a billion-dollar share price rally on Tuesday with a $5.76 billion offer for Saracen Mineral Holdings

Northern Star executive chairman Bill Beament sparked a billion-dollar share price rally on Tuesday with a $5.76 billion offer for Saracen Mineral Holdings that caps a decade of intense deal-making and will turn his company into the world's sixth-biggest gold miner (reports The Australian Financial Review).

read more

RareX is gearing up to begin drilling its Weld North rare earths project, which is close to Lynas Corporation’s new rare earths mine in Western Australia (reports Small Caps).

RareX is gearing up to begin drilling its Weld North rare earths project, which is close to Lynas Corporation’s new rare earths mine in Western Australia (reports Small Caps). A drilling contractor has now been engaged, with the program scheduled to begin next month.

read more

Chalice Gold Mines shares reached new heights after drilling defined a new platinum group element-copper-gold horizon at the Julimar discovery, northeast of Perth (reports MiningNews).

Chalice Gold Mines shares reached new heights after drilling defined a new platinum group element-copper-gold horizon at the Julimar discovery, northeast of Perth (reports MiningNews).

read more

Bellevue Gold (ASX:BGL) could be on track for a significant resource upgrade after discovering a new high-grade gold lode at its namesake project in Western Australia (reports Stockhead).

Bellevue Gold (ASX:BGL) could be on track for a significant resource upgrade after discovering a new high-grade gold lode at its namesake project in Western Australia (reports Stockhead). The new Armand lode has been defined over a 450m strike that remains open to the north, down-dip and down-plunge by drilling that returned high-grade hits such as 1.9m at 58 grams per tonne (g/t) gold from 380.5m and 3.7m at 26.2g/t gold from 372.3m.

read more

It will not be drilled until the first half of next year but Mincor Resources is very excited about getting the opportunity to explore ground it believes is about as prospective as it gets in the hugely historically prolific Kambalda nickel belt

It will not be drilled until the first half of next year but Mincor Resources is very excited about getting the opportunity to explore ground it believes is about as prospective as it gets in the hugely historically prolific Kambalda nickel belt (reports MiningNews). The ground lies between the Durkin North and Long resources at Kambalda, with Mincor hopeful mineralisation may be continuous over the circa 1.1km between the two deposits.

read more
9th October 2020

Strandline Resources has made key strides in its developments for its Fungoni mineral sands projects, and its longer life Tajiri project in Tanzania (reports MiningNews).

Strandline Resources has made key strides in its developments for its Fungoni mineral sands projects, and its longer life Tajiri project in Tanzania (reports MiningNews). A scoping study for the titanium-dominated resource at Tajiri has indicated a low-cost operation that should generate strong financial returns, with a pre-tax net present value of US$205 million and an internal rate of return of 36%. The engineering study used a resource of 268 million tonnes at 3.3% total heavy minerals, with mining targeted at 8Mtpa, targeting around 185Mt of the deposit.

read more

Plus, $20m Argonaut Resources offering leveraged exposure to the copper theme and Friedland named on Chalice’s top-20.

There is nothing wrong with a $US1,892/oz ($A2,635) gold price. It’s just that the metal has lost some of its shine of late as investors in the sector fret that circa $US1,900/oz gold could be good as it gets for a while. As mentioned previously, that has been encouraging a rotation in to base metals, or more particularly, copper, which avoided getting walloped in the recent metals sell-off. The red metal has returned to $3/lb to be comfortably ahead of its $US2.50/lb average in the June half.

read more

Gold took a peek above $US1900 an ounce in the aftermath of this week’s Trump v Biden presidential debate as financial markets started to price risks associated with increased volatility ahead of a possible change of government in the U.S.

Gold took a peek above $US1900 an ounce in the aftermath of this week’s Trump v Biden presidential debate as financial markets started to price risks associated with increased volatility ahead of a possible change of government in the U.S. Despite sliding back to around $US1893/oz to still be well short of the record $US2067/oz reached in early August, it is the return of an upward price trend which should have investors revisiting their exposure to gold. The gold recovery was not the only significant market news this week, with market-moving events which included:

read more

© 2020 Resources Rising Stars All Rights Reserved