And it’s not just lithium that’s hot. With mineral sands prices booming due to a supply crunch, Strandline is set to make a blockbuster start to production at any moment. So is Iluka looking over the fence?
Commodity and share prices edged higher this week as investors waited nervously for interest rate news from a gathering of central bankers in a U.S. ski resort.
Lithium producer Pilbara Minerals says it is poised to cash in on an “incredible market” as manufacturers continue to scramble to shore up supplies of the battery mineral (reports The Australian Financial Review).
Pilbara Minerals is celebrating a maiden full-year profit of $561.8 million as it cashed in on soaring lithium prices over the past 12-month period (reports The West Australian).
Labyrinth has some fairly substantial potential resource upgrades to look forward to after its maiden surface exploration program doubled the dimensions of known mineralisation (reports Stockhead).
RareX has welcomed recent assay results from project partner Kincora Copper (ASX:KCC) at the Trundle and Fairholme projects in NSW (reports Stockhead).
From receivership to 59m at 12.5g/t, Lawson leads Lazarus revival for WA miner. Plus, Kin strengthens its hand in Leonora merger jigsaw and our recent heads-up on Creasy and Greenstone proves well-timed.
Gascoyne Resources’ Gilbey’s North discovery continues to surprise to the upside, with the latest intercept confirming what the company says is a substantial, new high-grade lode discovery (reports MiningNews).
Investors and arb funds are tipping for more M&A action at WA gold junior Gascoyne Resources after it struck a big discovery at its Dalgaranga project on Tuesday (reports The Australian Financial Review).
Commodities have broadly pulled back from their recent peaks, but Wall Street analysts say the fundamentals are pointing to another rally by year-end (reports CNBC).
Alicanto has appointed veteran resources executive Rob Sennitt as its new managing director to advance the rapid growth strategy for the Sala project in Sweden (reports Stockhead).
India has identified “massive potential” in Australia’s critical minerals resources to help the nation of nearly 1.4 billion make the shift to electric vehicles and large-scale battery storage (reports The Australian).
RareX’s 2022 drill program has highlighted the scale and significance of its Cummins Range rare earths deposit in Western Australia’s Kimberley region (reports Stockhead).
TNG has acquired lithium tenure 50km from its mainstay Mount Peake vanadium-titanium-iron asset and 60km from Alice Springs in Northern Territory (reports MiningNews).
There are not enough minerals, like lithium, cobalt and nickel, in the currently reported global reserves to build even one generation of batteries for all EVs and stationary power storage, according to a recent report (reports Stockhead).
BHP’s bid for OZ Minerals was the highlight of remarkably upbeat trading on the Australian market this week as fear of future interest rates hikes faded and M&A became the game to play.
Bellevue Gold is going back to the future as it builds Western Australia’s next gold mine of scale (reports MiningNews).
Early construction works are underway at Liontown Resources’ A$545 million Kathleen Valley lithium project in Leinster, Western Australia (reports MiningNews).
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