As the red metal knocks on the door of US$4/lb, smaller copper stocks such as FireFly and Rex look set to enjoy vastly highly valuation metrics.
By Barry FitzGerald.
Lithium stormed back to investment prominence this week, not because the price of the metal rose, but solely because billionaires are buying.
By Tim Treadgold.
A comprehensive review of the Woodlark gold project by Geopacific Resources (ASX:GPR) has shone a light on its significant exploration upside.
Mitre Mining (ASX: MMC) has hit the daily double of critical mineral wins with a maiden soil sampling program at its 100%-owned Hillside project in Western Australia’s Pilbara region identifying lithium and rare earth element potential (reports Small Caps).
More “outstanding” intersections have been received from Kingsland Minerals’ (ASX:KNG) Leliyn graphite project in the Northern Territory, building on previous assays that demonstrate both scale and high-grade potential (reports Stockhead).
Sunstone Metals (ASX: STM) continues to highlight the potential of its Limon gold and silver discovery at the Bramaderos project in southern Ecuador (reports Small Caps).
Chalice Mining chief executive Alex Dorsch claimed short-selling of critical minerals stocks should be banned “in the national interest” to ensure “geopolitical opponents” cannot hold back the development of Australian mines.
Latest tailwinds mean Boss could be starting production and signing first offtake contracts in a very bullish market. Plus, ironman Flanagan to lead Arrow down its Simandou path and Harmanis looks like he may be about to do it again.
The investment game changed this week when the U.S. central bank gave the clearest indication yet that interest rates have peaked and a falling cycle will soon start, with gold first to react as it moved back above US$2000 an ounce.
Critical Resources (ASX: CRR) has made positive progress on a number of fronts in preparation for a full 2024 work program at its Mavis Lake lithium project in Ontario, Canada (reports Small Caps).
Atlas Iron founder David Flanagan is getting back into the iron ore space after a decade exploring battery metals opportunities, leading a new team to recapitalise microcap Arrow Minerals (reports MiningNews).
A forecast surplus of copper going into 2024 has suddenly all but disappeared (reports Bloomberg).
FireFly Metals (ASX: FFM) has identified significant copper, gold, silver and zinc results at its Green Bay project in Newfoundland, Canada, after expanding the analysis of historic drill results (reports Small Caps).
Spartan Resources is continuing its march towards golden riches at the Never Never deposit with the company reporting even more thick, high-grade gold intersections ahead of an imminent resource upgrade (reports Stockhead).
Kin Mining has accepted an offer from its gold-producing neighbour, to sell around one-third of resources at the Cardinia project at Leonora, in Western Australia to fund more expansive exploration along its emerging Eastern Corridor trends (reports MiningNews).
James Bay Minerals (ASX: JBY) has successfully utilised modern aerial survey technology to unveil a number of high-priority lithium-caesium-tantalum (LCT) pegmatite targets across its Aqua property in the James Bay region of Quebec, Canada (reports Small Caps).
Mitre Mining (ASX: MMC) has moved to acquire the “company-changing” Cerro Bayo silver-gold project in Chile for $5 million (reports Small Caps).
Chalice Mining has been given the go-ahead to launch the next stage of drilling across its potentially lucrative Julimar metals discovery on Perth’s doorstep (reports The West Australian).
On target to commence imminent maiden uranium production at the Honeymoon mine in South Australia, Boss Energy (ASX: BOE) has added another string to its bow with the signing of an agreement to acquire an interest in the rich Alta Mesa in-situ recovery (ISR) project in South Texas (reports Small Caps).
Next door neighbours Hammer and Carnaby highlight the scope for mergers. Plus, M&A value-creation can take time and brokers line up to back rare earths play Meteoric.
By Barry FitzGerald.
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