News

Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after.

Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after. A sharp rise in the oil price earlier this week to more than $US74 a barrel was largely a function of international events, including a fresh threat from Iran to blockade the narrow Strait of Homuz at the western end of the Persian Gulf in retaliation against US sanctions.

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Liontown Resources (ASX: LTR) is achieving growing market awareness of the exploration successes and resource growth at its key WA lithium projects

Liontown Resources (ASX: LTR) is achieving growing market awareness of the exploration successes and resource growth at its key WA lithium projects, according to prominent Sydney-based resource analyst Gavin Wendt. The company’s shares are up around 30 per cent since the start of the month, as investors begin to absorb the significance of the dual drilling programs at its Kathleen Valley and Buldania lithium projects in WA. “The quality of exploration results from these programs cannot be questioned,” wrote Wendt, in his widely-circulated newsletter Mine Life.

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Gold down, iron ore up - perhaps with a lot further to go. In a nutshell, they were the highlights of an Easter holidays-shortened week on the Australian stock market.

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South African vanadium hopeful Tando Resources has significantly boosted the high-grade indicated and inferred resource at its SPD project to 169Mt at 1.07% vanadium pentoxide, almost double the previous estimate, and now believes is the largest resource above 1% V2O5 in the world (reports MiningNews). Some 97Mt at 1.05% sits within 100m of surface, and that includes 68Mt at 1.05% in the indicated category. The global resource at SPD is now 612Mt at 0.78% V2O5, compared with the previous estimate of 588Mt at 0.78% V2O5.

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Resources analyst Dr Chris Baker, from Sydney-based equities advisory firm Bridge Street Capital Partners, says he liked what he saw at a site visit to Liontown Resources’ Kathleen Valley lithium-tantalum project in WA.

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Plus, smart money finding its way into gold juniors such as Gateway and Bardoc

Western Australia’s hard-rock lithium stocks have received a much-needed leg up from car giant Volkswagen as it sets about securing supplies for its almighty push into electric vehicles. The vigour with which the maker of the original people’s car all those years ago is pursuing an EV strategy (70 new EV models to be launched over the next 10 years and a quarter of all sales by 2025) has much to do with its recovery from the 2015 “dieselgate” scandal.

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Production cuts have revitalised Australian iron ore stocks, delivering bumper profits and attracting new players, including London’s super-rich property magnates, the Reuben Brothers

Production cuts have revitalised Australian iron ore stocks, delivering bumper profits and attracting new players, including London’s super-rich property magnates, the Reuben Brothers. But how long the good times can last is a critical question for investors. Few analysts are prepared to stand in the way of the surging iron ore price, which this week hit a five-year high of $US95 a tonne, driving share prices up sharply, with most hitting fresh highs.

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Lithium producer Pilbara Minerals (ASX: PLS) could be on the radar of strategic partners

Lithium producer Pilbara Minerals (ASX: PLS) could be on the radar of strategic partners such as Wesfarmers, Mineral Resources and Livent, with a “value-accretive” deal potentially crystallising in the near term, according to Sydney-based institutional broking firm Blue Ocean Equities. In a fresh note released yesterday, Blue Ocean analyst Steuart McIntyre says that given the high prices paid recently for lithium assets, he sees merit in Pilbara testing the appetite with potential strategic partners.

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4th - 5th Jun 2019

Gold Coast Conference

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

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