News

Spotlight turns to Alkane’s highly leveraged neighbours DevEx and Alice Queen

Alkane’s (ASX:ALK) big porphyry gold-copper hit at its Boda prospect in NSW’s central west continues to be the talk of mining investor circles. The 502m intersection grading 0.48g/t gold and 0.2% copper has seen Alkane’s share price climb almost 80% to 67.5c since it was announced on September 9. Alkane said the drilling results provided “clear evidence of Cadia-style mineralisation and grade over hundreds of metres”,

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Oil, gold and copper have emerged from the fog of the China v US trade war as clear leaders in a “beauty parade” of commodities most likely to succeed over the next 12-months, and perhaps longer.

Oil, gold and copper have emerged from the fog of the China v US trade war as clear leaders in a “beauty parade” of commodities most likely to succeed over the next 12-months, and perhaps longer. The case for gold, which is well understood by most investors, was strengthened by the same issue which pushed oil higher this week; global economic and political uncertainty, with a whiff of cordite in the air as the Middle East stumbled into a fresh crisis.

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Northern Star Resources will spend $43 million expanding the capacity of its Pogo gold mine in Alaska by 30 per cent (reports The West Australian).

Northern Star Resources will spend $43 million expanding the capacity of its Pogo gold mine in Alaska by 30 per cent (reports The West Australian). The ASX-listed miner told the market this morning it would start work this financial year and complete the expansion early in the 2021 calendar year, increasing Pogo’s annual throughput capacity from one million tonnes to 1.3 million tonnes.

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After 10 years of trying to develop an iron ore mine in Brazil has prepared Centaurus Metals for what could be a company-making project – in nickel (reports Tim Treadgold on MiningNews).

After 10 years of trying to develop an iron ore mine in Brazil has prepared Centaurus Metals for what could be a company-making project – in nickel (reports Tim Treadgold on MiningNews). The switch can be put down to two issues. It's hard to be a small iron ore miner in a country better known for the world-class projects operated by Brazil's national mining champion, Vale, and it helps that Vale is keen to see its smaller base metal discoveries developed as "mini-mines".

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TNG boss Paul Burton remains resolutely confident the company’s ambitious Mt Peake project in the Northern Territory is achievable despite its big budget, complexity and multiple moving parts (reports The West Australian).

TNG boss Paul Burton remains resolutely confident the company’s ambitious Mt Peake project in the Northern Territory is achievable despite its big budget, complexity and multiple moving parts (reports The West Australian). The company wants to establish a mine at Mt Peake 230km north of Alice Springs that will produce a magnetite concentrate. The material will then be railed 1100km north to Darwin, processed into three product streams including titanium dioxide pigment, vanadium pentoxide and a high-grade iron oxide and shipped to customers overseas.

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Gold junior Kingston Resources says it has discovered a new zone of shallow

Gold junior Kingston Resources says it has discovered a new zone of shallow, high-grade gold at the Abi prospect, just outside the existing Ewatinona resource at its flagship 2.8 million ounce Misima gold project in Papua New Guinea (reports MiningNews). Diamond drilling at Abi returned 23.6m at 2.91grams per tonne gold from 7.4m, and with rock chips at up to 9.97gpt gold and 165gpt silver plus channel samples of 1m at 30.4gpt gold, 6.2gpt silver, and widths up to 12m, the company is increasingly confident that Abi can add to the 220,000oz Ewatinona resource.

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There’s a modern-day gold rush on in WA. Not the type where people come running with picks and shovels

There’s a modern-day gold rush on in WA. Not the type where people come running with picks and shovels, but rather with cheque books in the hope of securing established resources which can be combined with other nearby deposits to provide scale and feed a central plant (reports Stockhead). In a world of declining gold reserves, high-quality deposits within trucking distance of a plant are in strong demand.

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A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West

A Perth outfit set up just five years ago to develop offshore survey technologies has hooked a whale, enticing Woodside Petroleum into a partnership that aims to make the acquisition of seismic data from the ocean floor cheaper and safer (reports The West Australian).

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