Alexander Downer is best known as a former Australian foreign minister, but his latest claim to fame is an ability to back a winner in a downbeat mining sector thanks to a ride hitched on the remarkable revival of uranium.
PolarX has made an exceptional start on a new drilling program at its Alaska Range project, announcing today that the first hole returned 55m at 2.8 grams of gold per tonne and 0.6 per cent copper from just 2.5m below surface (reports Stockhead).
If the investor turnout at this week’s shareholder meeting for Venturex Resources (ASX: VXR) is anything to go by, the emerging base metals developer is very much a stock on the rise in the junior resource sector.
Capricorn Metals (ASX: CMM) expects to receive the final government permit it needs to catapult the Karlawinda Gold Project into production near Newman in W.A, expected to be sometime before the end of August (reports The West Australian).
Hill End Gold has joined the High Purity Alumina revolution and its shareholders could make a 500 per cent return from the stock over the next 12 months, a new research report says (reports Stockhead).
Having completed a 54-hole maiden drilling campaign, Hylea Metals claims it is “increasingly clear that Tiger’s Creek (in New South Wales) is emerging as a significant cobalt-nickel-platinum-scandium discovery” (reports MiningNews).