On the cusp of releasing results from a scoping study at the Vareš prospect in Bosnia & Herzegovina, Adriatic Metals has raised A$25 million from institutions and said it will list on the London Stock Exchange (reports MiningNews).
Adriatic said the funds will allow it to complete a bankable feasibility study.
The funds are being raised by issuing new shares priced at $1 each.
Prior to this new fundraising Adriatic was estimated to have in the order of $5-6 million cash.
In November, explorer Hill End Gold changed its name to reflect its focus on the burgeoning high purity alumina (HPA) sector (reports Stockhead).
HPA is used in lithium-ion battery components, LED lights, smart phone screens, and surgical tools. And demand is on the way up.
Hill End was now Pure Alumina (ASX:PUA) – the name of the company Hill End bought in July 2017. This deal included its now-flagship Yendon HPA project.
The evidence is mounting. For lithium prices — and accompanying sentiment — an upswing is on the horizon (reports Stockhead).
This is especially welcome news for beleaguered ASX-listed producers, like Pilbara Minerals (ASX:PLS), Altura Mining (ASX:AJM), Galaxy Resources (ASX:GXY), and Orocobre (ASX:ORE) which have been shedding market cap at a rapid rate.
Supply constraints will make nickel the top performing metal next year, despite the bearish pull of a downturn in manufacturing activity, delegates at LME Week heard (reports MiningNews).
Speaking as part of a panel on the outlook for metals, Vanessa Davidson, director of base metals research and strategy at commodity analysis firm CRU, described nickel as "likely to be the standout performer for 2020".
Matterhorn Asset Management founder and managing partner Egon von Greyerz says the current “mess in the world” is unsustainable, which is good news for gold (reports MiningNews).
Matterhorn owns the world's largest private gold vault in Switzerland.
Von Greyerz prefaced his keynote presentation to the Gold and Alternative Investments Conference in Sydney today by saying he wasn't a gold bug.
"I'm not a gold bug, I just measure risk," he said.
"I think we're looking at the greatest risk ever in history."
Saracen Minerals says it produced a record 96,324 ounces of gold in the September quarter
Saracen Minerals says it produced a record 96,324 ounces of gold in the September quarter, at a lower cost than forecast (reports The Australian).
That put the Perth miner on track to beat its FY20 guidance of 350,000 to 370,000 ounces, while its all-in sustaining cost of $A964 an ounce was below guidance of $A1,025 to $A1,075 an ounce.
Managing director Raleigh Finlayson said the production reflected Saracen's investment in exploration and development.
Rebooting nickel company Mincor Resources has recorded a second outstanding nickel intercept in the past month from its Cassini prospect near Kambalda in Western Australia
Rebooting nickel company Mincor Resources has recorded a second outstanding nickel intercept in the past month from its Cassini prospect near Kambalda in Western Australia, with a wedge hole between the two standout hits now being drilled ahead of a resource estimate early in November (reports MiningNews).
The 12.3m grading 5.1% nickel hit reported today included 9.7m at 6% nickel, with a true width of 7.6m.
The hole was 70m down-plunge from the intercept reported late last month of 15.4m at 4.7% nickel.
Sipa Resources (ASX:SRI) has expanded the footprint of the Obelisk discovery at its Paterson North copper-gold project
Sipa Resources (ASX:SRI) has expanded the footprint of the Obelisk discovery at its Paterson North copper-gold project in WA by at least 200m to the northeast (reports Stockhead).
The company said this was based on visual observations and portable XRF readings that returned results of up to 0.9 per cent copper along with anomalous tungsten, bismuth and molybdenum.
Portable XRF results provide a picture of what has been discovered, but results that differ from the final assay results.