News

Plus, knocked-down Explaurum starts fightback with strong drilling results from WA gold project

Independence Group’s (IGO) recasting of itself as a battery materials specialist following the recent sale of its second-rate zinc/copper assets for $120 million requires the establishment of a supporting multi-decade nickel, copper and cobalt resource base. Its $1.8 billion acquisition of the Nova nickel-copper-cobalt project in 2015 by taking over Sirius Resources is the linchpin in the battery materials strategy, but IGO needs to find a couple more Novas to give the strategy any real meaning, or point of differentiation.

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Plus, more exploration results fuel talk of Rio’s ‘big copper find in WA’

Our most successful “prospector”, Mark Creasy, has just notched up 50 years in the game and he is in a reflective mood. “I’ve got a half a century up and I was just wondering when will I start producing daisies,” Creasy said. But when asked about strong industry speculation that he has notched up yet another discovery, Creasy was tight-lipped.

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Experts can’t work out how much copper the world will need by 2040. It’s not uncommon for analysts and miners to disagree over forecasts that will affect the bottom line of producers, but bulls and bears in the copper space only differ on how far electrification will go (reports MiningNews).

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Todd River Resources will undertake downhole geophysics and further drilling to ascertain the potential size of a zone of high grade copper-zinc mineralisation intersected at its Mount Hardy project in Northern Territory (reports MiningNews). The company has been buoyed by the 25m intercept grading 2.4% copper, 4% zinc and 3.1% lead from 184m downhole, and expects the geophysics to begin by the end of the month. Further drilling was already underway.

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Satellites don’t miss much nowadays when it comes to monitoring fresh land disturbance, particularly where cloaking vegetation is sparse.

Satellites don’t miss much nowadays when it comes to monitoring fresh land disturbance, particularly where cloaking vegetation is sparse. It is something that Rio Tinto is finding out, no doubt much to its annoyance, at its yet-to-be formally confirmed copper discovery (reported here first on April 6) in the northern reaches of Western Australia’s remote Paterson province.

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OZ Minerals chief talks up copper fundamentals as new demand runs into stagnant supply pipeline; Plus Rex Minerals seeks $5m to reinvigorate Hillside

For a little while there it looked as if copper was going to give up its US$3 handle on global trade fears, a stronger US dollar, and something to do with Italy. But here we are a week into June and the red metal has rallied 6% to $US3.25/lb. Short-covering on fears that BHP’s Escondida mine in Chile, the world’s number one producer, could be hit by strike action are being offered up as the main factor.

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Copper and nickel staged a two-horse race on the Australian stock market this week with copper winning by a nose, but with most companies exposed to the metals enjoying strong support, led by Sandfire Resources in copper and Independence in nickel.

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Shares in Sandfire Resources hit an all-time high as it benefited from a surging copper price and positive assay results from drilling at its recently signed exploration joint venture with Auris Minerals.

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4th Dec 2018

RRS Summer Series - Sydney Conference

Save the date! Our 2019 Summer Series one-day investor conference is coming to Sydney on Tuesday 4 December 2018.

6th Dec 2018

RRS Summer Series - Melbourne Conference

Save the date! Our 2019 Summer Series one-day investor conference is coming to Melbourne on Thursday 6 December 2018.

4th - 5th Jun 2019

Gold Coast Conference

A huge thank you to the 800 investors and 34 companies that attended our 2018 Resources Rising Stars conference, held on Tuesday 29 May and Wednesday 30 May 2018 at the scenic RACV Royal Pine

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