Shareholders in Millennium Minerals (MOY) stand to make significant profits as the WA gold miner prepares to unlock the value of the huge sulphide resource at its Nullagine project in the Pilbara, according to a new research report from broker Bell Potter.
The planned merger of Spitfire Materials (ASX: SPI) and Excelsior Gold (ASX: EXG) will create a company with an extensive resource base capable of underpinning a 100,000 ounce-a-year operation, a new research report says
Outlining a host of benefits which will be delivered by the merger, Independent Investment Research senior analyst Mark Gordon says the combined group will have JORC Resources of 2.1Moz.
Plus, knocked-down Explaurum starts fightback with strong drilling results from WA gold project
Independence Group’s (IGO) recasting of itself as a battery materials specialist following the recent sale of its second-rate zinc/copper assets for $120 million requires the establishment of a supporting multi-decade nickel, copper and cobalt resource base.
Its $1.8 billion acquisition of the Nova nickel-copper-cobalt project in 2015 by taking over Sirius Resources is the linchpin in the battery materials strategy, but IGO needs to find a couple more Novas to give the strategy any real meaning, or point of differentiation.
Lithium stocks, after suffering a few months of uncertainty about the potential for over-supply of the battery metal, got a double boost this week when two of the world’s leading investment banks, Goldman Sachs and Credit Suisse, said it was time to buy, not sell.
The first cobalt and nickel results from Hylea Metals’ maiden drilling program in NSW are as good or better than those from similar leading projects in the region and confirm its significant growth potential, a new research report says (reports Stockhead).