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.
In this global energy crisis and global climate crisis uranium is the new black (reports The Australian).
Red 5 boss Mark Williams reckons the price of building the company’s recently commissioned King of the Hills gold mine near Leonora would be about 50 per cent more if it was being built today (reports The West Australian).
Stavely Minerals (ASX: SVY) has closed out a capital raising with more than $5.3 million in share purchase plan subscriptions representing a 350% increase on the targeted amount of $1.5 million (reports Small Caps).
New World Resources (ASX: NWC) has received “very encouraging” results from a scoping study completed as an initial evaluation of the historic Antler copper deposit in the US state of Arizona (reports Small Caps).
Develop Global boss Bill Beament says he has no interest in growing his mining and resources service company into a top 100 ASX-listed business (reports The West Australian).
Aussie hard rock lithium major Pilbara Minerals (ASX:PLS) has just sold a 5,000t cargo of 5.5% spodumene via its auction platform for $US6,350/t – its equal best result ever (reports Stockhead).
Two lithium company bosses have called for a spot price index for the battery metal in its concentrate form to boost transparency, trust and investor confidence (reports The West Australian).
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.
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