News - Fitzgerald Articles

Plus, soaring gold price triggers big bounce in Millennium shares

There were many factors behind the 2017 Pilbara conglomerate gold bubble. But what really pumped up things was one of the great mining promotional events of our time. The September 2017 event was orchestrated by the lead company in the bubble, Canada’s Novo Resources Corp (TSX-V:NVO). Novo organised what’s known in the TV game as a live cross from the Denver Gold Forum to its Purdy’s Reward conglomerate project near Karratha in the Pilbara, a 50:50 joint venture with the ASX-listed Artemis (ARV).

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Plus, the bulls are running on Highfields’ Spanish potash project after receipt of environmental permit

Persistence in the Chilean coastal range is about to pay off handsomely for ASX-listed Hot Chili (ASX:HCH). It has just reported a top-40 porphyry copper-gold hit at its recently optioned Cortadera project, near the iron ore mining town of Vallenar and 700km north of Santiago. It’s a game-changer, but first some history.

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A recovery could also see the next generation of graphite producers such as Battery Minerals and Kibaran spring to life. Plus, pending BFS could re-rate Orion shares

Leading graphite stock Syrah Resources (SYR) has been beaten up something shocking ever since it turned on its Balama operation in Mozambique. The fall from grace – it’s down from $2.80 a year ago to $1.07 this week – has a lot to do with teething problems at the concentrate processing plant. But the real issue is that the $US1, 000/t average price for Balama concentrates forecast in the May 2015 feasibility study has proved to be complete nonsense.

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Plus, Sunstone chief upbeat on porphyry drilling with assays imminent and PolarX validates its exploration strategy with $70m Lundin deal

Pilbara Minerals (PLS) was the big lithium presence at this week’s Resources Rising Stars conference, where there was lots of discussion about Tesla wankers and whether the electric vehicle revolution was real. After braving unusually cold weather on the Gold Coast at a knees up the night before beneath giant tepees erected on the green at the RACV’s Royal Pines resort, Pilbara CEO Ken Brinsden told the assembled throng that it will only be a “matter of time before we all become Tesla wankers”.

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Plus, which WA gold miner spurned St Barbara?

The trickledown effect of the surge in iron ore prices in response to Vale’s January 25 tailings dam disaster is starting to take effect. Project proposals consigned to history when iron ore prices tanked some years back are being dusted off in the hope that the $US100/t prices are here to stay for the foreseeable future.

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Plus, investors’ eyes turn to PolarX as the new field season beckons

The Kambalda nickel camp is stirring again some 53 years after WMC (acquired by BHP in 2005) drilled the KD1 discovery hole, with Mincor boss David Southam positioning the company to be in the thick of things. The Vietnam War and prolonged nickel mine strikes in Canada underpinned the nickel price spurt which led to WMC’s breakthrough discovery at Kambalda, 60km south of Kalgoorlie.

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And the word from on high is good news for leveraged battery juniors like Mincor and Liontown; Plus, Bellevue dangles the resource-upgrade carrot and analysts line up to tip big things for Strandline

FOMO among major miners BHP and Rio Tinto was on full display in Barcelona this week at the Bank of America Merrill Lynch mining conference. And it had nothing to do with whether they would be invited by the fun people to the various knees-ups up at the tapas bars up down La Rambla. Nope, it was all about the major miners declaring they were part of the electric vehicle and renewable energy storage revolution.

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Plus, Rio chairman says “we think we have a mine” at Winu copper discovery

Leading gold issues have become something of a value trap in the past couple of months in the absence of a breakout in the US dollar gold price. As mentioned here previously, the ASX gold producers were priced for perfection in the back half of last year and without any stock-specific news, they have drifted sharply lower as the US gold price has come off. Newcrest is the singular exception thanks to its pivot to copper with the March acquisition of a 70% stake in the Red Chris copper-gold operation in Canada.

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Upcoming Events

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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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