Sydney-based institutional broker Blue Ocean Equities has reiterated its upbeat view of emerging copper-zinc developer Venturex Resources (ASX: VXR) on the back of a project update issued this week.
Venturex reported “strong progress” with mine design and scheduling, plant optimisation and capital cost reductions at its Sulphur Springs project in the Pilbara, saying its Definitive Feasibility Study was now in its final stages and on track to be delivered by the end of this quarter.
Todd River Resources is gearing up for the next round of diamond drilling at its high-grade Mt Hardy base metals discovery in the Northern Territory later this month – and it’s confident it will find more mineralisation (reports Stockhead).
Systematic, persistent explorer Stavely Minerals says recent gold and copper results from ongoing drilling at Thursday’s Gossan in Victoria “continues to provide strong vectors towards the core of the porphyry system” (reports MiningNews).
Australian lithium producers could receive a boost over some South American rivals, after the Argentinian government flagged plans to impose a new tax on exports (reports The Australian Financial Review).
BHP is understood to have locked up exploration acreage in close proximity to the Ecuadorian tenement that has made Brisbane-based explorer Solgold a takeover target, suggesting there is serious intent behind BHP’s $49 million investment in the explorer’s scrip (reports The Australian Financial Review).
Northern Star has become a brand – one that reflects its status as the go to underground miner with a track record of revitalising gold mines where the will or interest in doing so has been lost by previous owners (writes Barry FitzGerald on MiningNews).
Last week’s Northern Star-Pogo M&A involving a major operating gold asset being acquired by an Australian company in North America’s backyard is a big reversal of sorts in the status quo (reports MiningNews).