News

Plus, Liontown morphing into lithium city as new research report says the hot stock is just warming up

It is wrong to think that it has been a case of total gloom and doom for lithium equities since January. The sector is down by 50%-plus on fears of over-supply well in to the 2020s and operational shortcomings at the newer operations. It has not mattered that one by one, the world’s biggest auto groups have been pinning their futures to the electric vehicle revolution. In a global market in which two million EV units were sold last year, VW reckons it will do five million units itself in 2025. Same with Toyota, and others have been chiming in.

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Uranium tried to snatch the headlines this week courtesy of intervention by the US President, Donald Trump

  Uranium tried to snatch the headlines this week courtesy of intervention by the US President, Donald Trump, but it was a far richer American, Ray Dalio, who picked the winner when he said gold was the place to be in an unstable world. Ranked as the world’s 58th richest person with a fortune estimated at $US18.4 billion, Dalio is the founder of Bridgewater Associates, one of the world’s biggest investment funds, and not a person who has previously been associated with gold.

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One of the biggest Western investment banks in Asia, Standard Chartered, is alerting clients to an early bounce in commodity prices

One of the biggest Western investment banks in Asia, Standard Chartered, is alerting clients to an early bounce in commodity prices and M&A activity, suggesting negative sentiment on trade tensions has been overdone (reports The Australian Financial Review).

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Australian broking firm Patersons Securities has given the thumbs-up to a $13.1 million deal announced earlier this month by Chalice Gold Mines

Australian broking firm Patersons Securities has given the thumbs-up to a $13.1 million deal announced earlier this month by Chalice Gold Mines (ASX: CHN) to sell its Canadian gold projects to O3 Mining Inc., a spin-off of successful TSX-listed gold company Osisko Mining Inc (reports Stockhead).

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Gateway Mining (ASX:GML) is one step closer to a maiden resource at its Gidgee gold project in WA

Gateway Mining (ASX:GML) is one step closer to a maiden resource at its Gidgee gold project in WA and, insiders hope, one step closer to Jubilee 2.0 (reports Stockhead).

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Venturex Resources’ attempts to prove the volcanogenic massive sulphide potential of its 27km of strike

Venturex Resources’ attempts to prove the volcanogenic massive sulphide potential of its 27km of strike along the Panorama trend has received a major boost with RC drilling 15km from its development ready Sulphur Springs deposit confirming high-grade zinc-lead-silver at the Breakers prospect (reports MiningNews).

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Calidus Resources has prudently opted for a more conservative 1.25moz Warrawoona gold project pre-feasibility study

Calidus Resources has prudently opted for a more conservative 1.25moz Warrawoona gold project pre-feasibility study, in the wake of a number of failed or underperforming Australian gold developments (reports Stockhead).

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Dacian Gold’s Mt Morgans operation has met its revised guidance for the June quarter (reports MiningNews). Mt Morgans produced 36,658 ounces of gold at an all-in sustaining cost of A$1519 an ounce.The figure fell within revised guidance of 36,000-38,000oz at AISC of $1500-1600/oz.

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4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference was held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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