News

The twin trading halts from Sandfire Resources (ASX: SFR) and Auris Minerals (ASX: AUR) on Monday “pending exploration results” at the Morck’s Well farm-in project, 22km from the DeGrussa copper mine in WA, sent a strong pulse of excitement through the junior exploration sector.

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Great Boulder Resources has identified multiple large bedrock conductors associated with massive sulphide mineralisation at the Mt Venn project’s Eastern Mafic complex (MiningNews reports).

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The US dollar gave gold a blood nose this week in a powerful demonstration that America remains the 600-pound gorilla in the financial world, but across the border in Canada there was a conference where another metal shone: copper.

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Plus, Capricorn poised to be Australia’s next 100,000ozpa gold producer

Elon Musk reckons ‘boring bonehead’ questions on Tesla’s massive cash burn rate are not cool. He was equally sensitive on Tesla’s recent first-quarter investor call on the subject of cobalt, a key ingredient in lithium-ion batteries, which is today’s interest. The cobalt price has increased almost four-fold in the past two years as the world frets about being reliant on the less-than-stable Democratic Republic of the Congo for as much as two-thirds of its needs to power the electric vehicle and renewable energy storage revolution.

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The new managing director of Venturex Resources is determined to unlock the value sitting inside the company (reports MiningNews).

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Sandfire Resources has squeezed another nine months of mine life out of its flagship DeGrussa operation as it continues a relentless search for more ore bodies in the Doolgunna region north of Meekatharra (reports The West Australian).

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Great Boulder was last covered in this column in September on the strength of its Mt Venn copper-nickel-cobalt project east of Laverton in Western Australia (reports Barry FitzGerald on Stockhead).

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Minelife, the resources bulletin published by well-regarded analyst Gavin Wendt, has upgraded Sunstone Metals (ASX: STM) to its portfolio following more strong exploration results from its Bramaderos gold-copper project in Ecuador.

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29th - 30th May 2018

Gold Coast Conference

The 2018 Resources Rising Stars Gold Coast Conference will be held on Tuesday 29 May and Wednesday 30 May 2018 at the scenic RACV Royal Pines Resort on the Gold Coast.

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