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.
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.
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.
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).
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.