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.
Ratings agency Fitch is forecasting a surge in demand for nickel as China switches to making EV batteries containing a much larger nickel component than hitherto (reports MiningNews).
Speaking to global investors via a webinar about key 2019 mining themes, Diego Oliva-Velez, Fitch Solutions commodities analyst, said: "Second-generation lithium-ion batteries have a different chemistry, one that uses mainly nickel manganese and cobalt (NMC), while current EV batteries rely more heavily on lithium iron phosphate (LFP).
The combined market value of Australia’s mid-tier miners has powered ahead for the second consecutive year (reports MiningNews).
PwC's 12th annual Aussie Mine report, which analyses the 50 largest ASX-listed miners valued at less than A$5 billion, found that the value of the group jumped 28% to $58.7 billion.
All but three of the group - AngloGold Ashanti, OceanaGold Corp and Tribune Mining - saw their market capitalisations grow over the 2018 financial year.