News - Market Insights

Saracen Mineral Holdings believes exploration around Western Australia's Superpit mine will unlock ''decades'' more gold and vindicate its decision to spend $1.1 billion buying a 50 per cent stake in the asset at near record gold prices

Saracen Mineral Holdings believes exploration around Western Australia's Superpit mine will unlock ''decades'' more gold and vindicate its decision to spend $1.1 billion buying a 50 per cent stake in the asset at near record gold prices (reports The Australian Financial Review). The "transformational" deal would make Saracen one of the four biggest gold producers on the ASX and put it in the box seat to eventually own all of the Superpit should US giant Newmont ever follow Canadian rival Barrick's example by exiting the famous Kalgoorlie operation.

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In the world of bulk commodities based on scale and repetition, boutique iron ore operations have had a chequered history (reports The West Australian).

In the world of bulk commodities based on scale and repetition, boutique iron ore operations have had a chequered history (reports The West Australian). So trucking a mere 1.25 million tonnes of iron ore a year nearly 500km from mine to port while prices for the commodity remain volatile sounds like a questionable proposition.

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15th November 2019

Red 5 is still looking at ways of securing the future of its Darlot operations in Western Australia

Red 5 is still looking at ways of securing the future of its Darlot operations in Western Australia, and after its takeover of Bullseye Mining was rebuffed, it is again expanding in the Leonora region by signing a A$2.5 million option agreement for minnow Terrain Minerals’ Great Western project (reports MiningNews).

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Strategic metals developer TNG Limited (ASX: TNG) is expected to make a final investment decision for its $824 million Mount Peake vanadium-titanium-iron project in the NT by mid-2020, according to a new research note by Sydney-based equities research outfit Independent Investment Research. IIR has provided an “indicative base case technical valuation” for the company of more than $1 billion, or 36.9c per share, well above its current share price of 9.5c.

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Gold explorer Kingston Resources (ASX:KSN) will move to full ownership of the 2.8Moz and growing Misima gold project in PNG (reports Stockhead). Minority JV partner, copper-focused Japanese firm PPC, concluded that the mothballed operation “is outside our company focus”. Which is great news for Kingston, which acquired a majority interest in Misima through a successful merger/takeover of TSX-listed WCB Resources in 2017. The Kingston share price – which is down about 35 per cent over the past year – received a 3 per cent bump to 1.7c on the news.

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Historical evidence suggests gold mining equities are about to take off, fund manager Ronald-Peter Stoferle told delegates at the Zurich Precious Metals Summit (reports MiningNews). Stoferle, a fund manager at Liechtenstein-based Incrementum AG and author of an annual report entitled ‘In gold we trust', said the pattern of mining equity performance in every bull market since 1942 suggested a steep rise - or "euphoria" as he put it - typically seen at the end of an uptrend, was still to come.

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15th November 2019

Saracen Mineral Holdings has made a strong start to its A$50 million 2020 financial year

Saracen Mineral Holdings has made a strong start to its A$50 million 2020 financial year exploration program (reports MiningNews). The company said the initial results from its Thunderbox and Carosue Dam mines in Western Australia's Goldfields region highlighted the potential for reserve and mine life growth. At Carosue Dam, thick high-grade results included 51m at 8.5 grams per tonne gold; 24m at 14.3gpt gold and 33m at 6gpt at Karari, and 20m at 4.6gpt gold; 21m at 4.5gpt gold; and 26m at 3.5gpt.

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Mincor Resources’ “remarkable” greenfields Cassini discovery has reached a new milestone

Mincor Resources’ “remarkable” greenfields Cassini discovery has reached a new milestone, passing 50,000 tonnes of high-grade resources (reports MiningNews). Cassini is now defined as hosting 1.25 million tonnes grading 4.04% nickel sulphide for 50,400t of contained metal, an increase of 12,600t at 4.7% from just six additional drillholes drilled recently.

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