News - Fitzgerald Articles

Rio Tinto’s hush-hush copper discovery in WA’s remote North Paterson region apparently has a name – Winu.

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Tired Western Australian gold projects have a habit of surprising to the upside as much as they do to the downside.

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Rio Tinto’s hush-hush copper discovery in WA’s remote North Paterson region is to get its own airstrip.

Rio Tinto’s hush-hush copper discovery in WA’s remote North Paterson region is to get its own airstrip. And the most recent satellite fly-over shows there has been lots of activity at the discovery, 120km north-north-west of the nearest point of civilisation, Newcrest’s once-great Telfer gold-copper mine. There are new drill lines extending south by about 400m from our previous flyover, the 40-man camp is in, and the drill core lay-down area is expanding. Rio has also bulldozed a new access track to the north-west.

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The big end of town has got busy slipping some new base metals resource positions into their future development pipeline.

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This week’s tech wreck is not a bad thing for the mining sector on the basis that the sell-off is contained and that it will convince investors that it is time to replace over-hyped growth stories with some hard assets.

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Barring an outbreak of some serious merger and acquisition activity, the biggest news in coming months for the ASX-listed gold space is likely to be a resource and reserve upgrade for the Fosterville gold mine near Bendigo.

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Bustling mining investor Tolga Kumova has invited 100 of his closest mates to come over on Saturday to watch his beloved Magpies take on the Eagles in the AFL grand final.

Bustling mining investor Tolga Kumova has invited 100 of his closest mates to come over on Saturday to watch his beloved Magpies take on the Eagles in the AFL grand final. But ahead of the hoped-for Magpies victory, and some beers and a BBQ with steaks that bend, Kumova’s attention in the past couple of days has been on last year’s boom copper-gold-zinc float, Alderan Resources (AL8).

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Get the feeling that Alaska has become something of a go to destination for Aussie miners and explorers looking for opportunities away from the crowded space back home?

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