News - Fitzgerald Articles

Plus, Rio chairman says “we think we have a mine” at Winu copper discovery

Leading gold issues have become something of a value trap in the past couple of months in the absence of a breakout in the US dollar gold price. As mentioned here previously, the ASX gold producers were priced for perfection in the back half of last year and without any stock-specific news, they have drifted sharply lower as the US gold price has come off. Newcrest is the singular exception thanks to its pivot to copper with the March acquisition of a 70% stake in the Red Chris copper-gold operation in Canada.

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Plus, New World Cobalt turns its hand to a promising gold and base metals project. And Vale, Sir Arvi.

There was lots to cheer about for the ASX-listed lithium stocks when Wesfarmers (WES) rolled out its $776 million, or $1.90 a share, friendly takeover bid for Kidman Resources (KDR). First there was the 47% premium to Kidman’s last sale, confirming what was said here last month that there was value to be had in the lithium stocks because the equity market had overdone last year’s great sell-off in the sector.

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And the falling stockpiles are more good news for Mincor and its growing Cassini discovery

Copper is the favoured metal of the big end of town miners like BHP and Rio Tinto when it comes to allocating exploration dollars. Revved up in part by the electric vehicle revolution and the electrification of Asia, demand for the red metal will certainly move in the right direction in the years to come. But does that mean that the price will also head higher from what veteran minerals economist Richard Schodde at MinEx Consulting calls the “wisdom of the crowd” on long-term prices, or the consensus of economic forecasts put another way?

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Plus, Strandline hints at sale of a stake in large WA mineral sands project and South Africa Inc lines up to back Orion’s base metals project   

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Plus, smart money finding its way into gold juniors such as Gateway and Bardoc

Western Australia’s hard-rock lithium stocks have received a much-needed leg up from car giant Volkswagen as it sets about securing supplies for its almighty push into electric vehicles. The vigour with which the maker of the original people’s car all those years ago is pursuing an EV strategy (70 new EV models to be launched over the next 10 years and a quarter of all sales by 2025) has much to do with its recovery from the 2015 “dieselgate” scandal.

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Plus, new research report tips Venturex shares to triple as its copper project gathers momentum

When Rio Tinto (ASX:RIO) finally broke cover in February on its Winu copper-gold discovery in WA’s Paterson province, it made clear that drilling had yet to close off the mineralisation beneath the region’s sand dunes. The February confirmation contained the first assay results from 14 diamond holes (and partial results from another two) in last year’s drilling program.

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Plus, Peak Resources among the juniors poised to jump into rare earths spotlight

The WA gold sector has not exactly been shooting the lights out of late. Despite the local gold price trading at a near-record $1850 an oz, there have been a couple of small producers go out the back door and some that look they might any time soon. Why, even one of the big boys, St Barbara, has got in the act, with its share price resetting 30% lower in one hit last week when it revealed lower long-run production figures for its Gwalia mine.

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The swagger of the nickel companies at a battery metals conference in Perth during the week was palpable

The swagger of the nickel companies at a battery metals conference in Perth during the week was palpable. Nickel’s price performance of late does not explain the swagger. After a heroic run to $US7/lb in the middle of last year, the price got beaten up something shocking in the second half with just about everything else on US-China trade war fears.

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