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.
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.
Shares in Northern Star Resources surged after the company unveiled a 4 per cent lift in first half profit to $82.1 million and a 33 per cent leap in its interim dividend to 6¢ a share (reports The West Australian).
Sunstone Metals is offering investors potentially huge upside via its copper-gold porphyry exploration in Ecuador, says broker Patersons in a new research report.
Titled “On an elephant hunt in Ecuador”, the report focuses on Sunstone’s Bramaderos project, where drilling is poised to start.
“If you are after a potentially large copper-gold porphyry story, Sunstone might be your point of call,” Patersons analyst Xavier Braud says.
He notes that Sunstone is led by MD Malcolm Norris, who has teamed up with Dr Bruce Rohrlach as general manager of Geology.
Explorer Genesis Minerals reckons there’s potential to define a very large shallow gold system at its second-string Barimaia project in the Murchison District of Western Australia (reports Stockhead).
Although Genesis’ (ASX:GMD) main focus is the more advanced 760,000oz Ulysses project in the Eastern Goldfields, Barimaia has “strong open pit potential”, managing director Michael Fowler said.
Barimaia is just 10km from 6 million ounce Mt Magnet mine operated by Ramelius Resources (ASX:RMS).