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).
Carmakers face a battle for the rest of the decade to secure the lithium needed to help power the electric vehicle revolution, as demand threatens to overwhelm supply, one of the biggest producers of the metal has warned (reports The Financial Times).
Catalyst Metals says its ability to access the barely-explored Cradle Zone at its Henty gold mine in Tasmania is pointing to resource and production growth (reports MiningNews).
Labyrinth looks to have figured out the route to riches contained within its namesake project with the first three holes extending the currently defined gold lodes at depth and along strike (reports Stockhead).
Astral Resources says the latest results from infill and extensional drilling at its Theia gold deposit in Western Australia’s Eastern Goldfields continue to suggest a resource update next quarter (reports MiningNews).
Emerging producers like Bellevue could be on the menu for the big producers, ditto for Peel in the copper space. Stavely shareholders soak up SPP and Creasy punts on Galileo neighbour Greenstone.
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.
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