Plus, Kairos adds a cobalt leg in an emerging area just south of Breaker Resources’ world-class gold discovery
Rio Tinto is not spending $US1.9 billion on developing its Amrun bauxite project south of Weipa on Cape York Peninsula on a wing and prayer.
Due to start production in the first half of 2019, Amrun’s planned annual output of 22.8 million tonnes will both augment Rio’s existing Weipa operation, as well as allow a step-up in exports of the alumina/aluminium raw material to China.
The stepped-up export opportunity comes from the hand-over-fist growth in China’s aluminium industry, and the demands it is making on China’s domestic supplies of bauxite.
Plus, the alluring combination of borate and lithium fuels demand for new float
Exploration for porphyry-style copper/gold deposits with their potential for big and long-lived production is normally the preserve of the major miners. And more often than not their exploration effort is in far-flung places like the Andes and the Gobi.
Plus, Nusantara Resources comes to market seeking up to $20m to get its 1.74moz Awak Mas gold deposit moving towards production and Spitfire set for first assays
The Democratic Republic of the Congo (DRC) is not everyone’s cup of tea. But it is the place to be if big and high-grade copper and cobalt tickles your fancy.
In recent times it has been the ever-tinny Robert Friedland who has highlighted the DRC’s premier address for copper, with his Ivanhoe Mines making the Kamoa–Kakula copper discovery in a previously unknown extension of the Central African copper belt.
Plus, highly-regarded Canadian fundie hoovers up stock in emerging WA gold producer Kin Mining
Mincor (ASX:MCR) had a good run as a Kambalda nickel producer between 2001-2016, as was reflected in the $133 million in dividends paid to shareholders in the period after a single $5m capital raising for the nickel push.
Plus Beament on Northern Star's exploration success, Kin tells investors to buckle up for the ride and Capricorn gets set to release feasibility study
Hedley Widdup, investment manager of the ASX-listed junior-focused investment group Lion Selection, wasn’t joking when he told the Resources Rising Stars conference on the Gold Coast this week that he really appreciates a big bust.
He was quick to point out that he was talking busts in the investment sense, and how a big bust leads to new investment opportunities.