Plus, strong iron ore price recovery boosts the outlook for Centaurus’ Brazilian iron ore project and Gateway looks to repeat the lucrative strategy of revitalising old WA gold mines
It was suggested here last week that what Breaker Resources’ executive chairman Tom “Colonel” Sanders had to say at this week’s Resources Rising Stars’ conferences in Sydney and Melbourne could be pivotal.
The argument was that having established a 1.1m oz resource at its February 2016 virgin Bombora discovery, 100km east of Kalgoorlie, the pressure was on Sanders to convince the market it was undervaluing the stock in a major way.
Iron ore has been the newsmaker in the mining world over the past few weeks
Iron ore has been the newsmaker in the mining world over the past few weeks thanks to Brazil’s dam dilemma, but the commodity to watch over the rest of the year could be copper, a metal with its “stars aligning”, according to Morgan Stanley.
The big US-based investment bank said the next two years would see “a combination of favourable supply and demand dynamics, equity re-rating and asset scarcity” culminating in an attractive investment case for copper miners.
2019 is shaping up as an important year for copper and gold play PolarX (reports Stockhead).
The company is ramping up exploration efforts at its Alaska Range Project with a focus on three core prospects.
The deposit is situated about a 6-hour drive from the Alaskan city of Anchorage, “effectively a Kalgoorlie trip”.
Speaking with Stockhead at the 2019 Resources Rising Stars event in Sydney, PolarX managing director Frazer Tabeart outlined the company’s 2019 strategy.
Veteran resource analyst Andrew Clayton from Perth broker Euroz Securities has returned from a pre-Indaba site visit to Orion Minerals’ (ASX: ORN) Prieska Copper-Zinc Project in South Africa with an upbeat view on the outlook for the stock.
The annual migration of the mining industry to the seaside delights of Cape Town and associated talkfests such as the Mining Indaba conference was trumped this week by the return of iron ore as a hot commodity.