Tim Goyder, Chalice Mining’s largest shareholder, says a slump in the critical minerals explorer’s share price is an overreaction by a market that wants “a bed of roses” and needs to “get real” about long-term value (reports The Australian Financial Review).
Green metals from Chalice Mining’s flagship Gonneville deposit at its Julimar discovery could inject around $18 billion into the WA economy over almost two decades (reports The West Australian).
Recently listed nickel sulphide explorer Nordic Nickel (ASX: NNL) is one of seven junior companies selected to participate in BHP’s (ASX: BHP) inaugural Xplor program (reports Small Caps).
The new boss of nickel producer Mincor Resources says so-called “future facing” commodities are engaging young people and a new wave of talent as the energy transition gathers pace (reports The West Australian).
Junior nickel explorer Nimy Resources is aiming to make a big discovery across its underexplored landholding in Western Australia (reports MiningNews).
The stars are lining up for junior WA nickel explorer Nimy Resources, which continues to generate strong results against the backdrop of a sharply rising nickel price (reports Stockhead).
The owners of three of the best metal discoveries in recent times have been doing it hard on the market – along with the rest of the mining sector (reports Barry FitzGerald on MiningNews).
Junior explorer Nimy Resources (ASX: NIM) has completed a maiden diamond drilling campaign at the Mons nickel project in Western Australia (reports Small Caps).
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.
Confidence returned to financial markets this week even as central banks continued to tighten the interest rate screws, with nowhere more positive than Australia’s resources sector, which partied in a wet and windy Kalgoorlie.
Investors looked through this week’s bad news of rising interest rates and declining dividends in the belief that a threatened recession will be short-lived with a sustainable recovery possible next year.
Shares in Mincor tracked higher after the company unveiled a maiden 22,600 tonne resource for its Golden Mile deposit dubbed LN04a (reports The West Australian).
Nordic Nickel has revealed its MRE (mineral resource estimate) for the Hotinvaara prospect, which sits at 133.6Mt at 0.21% nickel and 0.01% cobalt for 278,520t of contained nickel and 12,560t cobalt (reports Stockhead).
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