Spitfire Materials (ASX: SPI) is dusting off its legacy Pilbara manganese projects to take advantage of current interest in the space, while boosting the exploration target for future underground mining at its mainstay Aphrodite gold project north of Kalgoorlie, Western Australia (reports MiningNews).
Eganstreet Resources has increased its high grade resource past the 400,000 ounce mark as it closes in on completing a definitive feasibility study this quarter for its Rothsay gold project north east of Perth in Western Australia (MiningNews reports).
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.
Plus, Encounter Resources’ enviable JV with Newcrest leaves it highly leveraged to exploration success
Finding a lightly-capitalised growth story in the ASX gold space is tougher than ever.
The Aussie dollar gold price of more than $1,730/oz and the on-average margins of $700/oz which that offers up for those with near-term production potential has kind of made sure of that.
But there are still a few out there which for one reason or another have been overlooked. NTM Gold (NTM) is a case in point.
It is trading at 4.5c for a market cap of all of $15 million, which is pretty much the value of your average gold explorer nowadays without any resource ounces in the bank.
Bill Beament’s Northern Star Resources has set an aggressive production target for the final three months of the financial year as it looks to hit a run-rate of 600,000 ounces a year from its two Goldfields operations by the end of June (The West Australian reports).