The major’s commitment to new US project is underpinned by its forecast supply deficit, which augers very well for the likes of Rumble and Develop.
By Barry FitzGerald.
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).
The maverick in former Northern Star Resources boss Bill Beament made the choice of location for last week’s release of a five year strategy for his new mining vehicle Develop Global a natural one(reports Barry FitzGerald on MiningNews).
Bill Beament’s Develop Global has delivered a sizeable boost to total and indicated resources at its emerging Sulphur Springs base metal play, 112km southeast of Port Hedland in Western Australia’s Pilbara region (reports MiningNews).
Investors have confirmed their strong support and enthusiasm for Alicanto Minerals’ growing Sala zinc and silver project in Sweden, helping the company raise $3 million to fund further exploration at the project (reports Stockhead).
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).
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.
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).
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.
With sanctions on Russian zinc supply adding pressure on Sweden – Europe’s second largest zinc producer, to increase supplies – Alicanto’s Sala resource might just be the missing link (reports Stockhead).
Extensional drilling at New World Resources’ (ASX: NWC) Antler deposit has uncovered more wide and high-grade copper mineralisation at depth in several targets, which could boost the current resource and project development economics (reports Small Caps).
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