News - Fitzgerald Articles

Plus, Rio’s deal with little Alloy is more evidence the multi-national has landed a big copper find in WA

Tolga Kumova reckons he is “bloody excited’’ about what might come from the drilling program that has just kicked off at Alderan Resources’ (ASX: AL8) Frisco copper project in Utah. He’s got close to 15% of the stock after picking up another 600,000 shares earlier in the week. So he’s got a lot riding on the drill program, one which is targeting the big time potential of AL8’s flagship Accrington/Perseverance prospects at the Beaver County property.

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Satellites don’t miss much nowadays when it comes to monitoring fresh land disturbance, particularly where cloaking vegetation is sparse.

Satellites don’t miss much nowadays when it comes to monitoring fresh land disturbance, particularly where cloaking vegetation is sparse. It is something that Rio Tinto is finding out, no doubt much to its annoyance, at its yet-to-be formally confirmed copper discovery (reported here first on April 6) in the northern reaches of Western Australia’s remote Paterson province.

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OZ Minerals chief talks up copper fundamentals as new demand runs into stagnant supply pipeline; Plus Rex Minerals seeks $5m to reinvigorate Hillside

For a little while there it looked as if copper was going to give up its US$3 handle on global trade fears, a stronger US dollar, and something to do with Italy. But here we are a week into June and the red metal has rallied 6% to $US3.25/lb. Short-covering on fears that BHP’s Escondida mine in Chile, the world’s number one producer, could be hit by strike action are being offered up as the main factor.

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Plus, Centaurus Metals’ new nickel-cobalt discovery in Brazil gives it a big leg-up in the booming battery metals sector

Conferences can be memorable for any number of reasons. And so it was this week at the Resources Rising Stars conference on the Gold Coast. The conference kicked off on Monday night with poolside drinks at the Royal Pines, the highlight of which was the almost mystical appearance from the darkness of two zorb water balls with encased gymnastic type dancers decked out in body hugging strings of coloured LED lights.

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Plus, rising prices for battery metals boost Panoramic’s campaign to re-start mothballed Savannah

The gold producers have a lost a bit of their shine in recent weeks as a result of the gold price sinking below $US1,300/oz for the first time this year because of US dollar strength and an easing of geo-political tensions. The price fall in local dollar terms is close enough to $50/oz. On an annual basis, that amounts to a revenue hit of some $450 million, something which might or might not prove to be the case, depending on where gold prices go from here.

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Plus, Sipa’s cracking JV with Rio highlights project’s potential

Doubts expressed by some big name investment banks and others that over-supply would kill off the lithium boom have been swept aside in fine fashion by Kidman (KDR) and the leading marque for electric vehicles and battery storage of renewable energy, Elon Musk’s Tesla. Having said that, the point of difference here is we’re talking about battery grade lithium which sells for anywhere between $US12,000 and $US20,000 at the moment, not the direct ship ore and spodumene concentrates being shipped out of Western Australia by others for $US100/t and $US900/t respectively.

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Plus, Capricorn poised to be Australia’s next 100,000ozpa gold producer

Elon Musk reckons ‘boring bonehead’ questions on Tesla’s massive cash burn rate are not cool. He was equally sensitive on Tesla’s recent first-quarter investor call on the subject of cobalt, a key ingredient in lithium-ion batteries, which is today’s interest. The cobalt price has increased almost four-fold in the past two years as the world frets about being reliant on the less-than-stable Democratic Republic of the Congo for as much as two-thirds of its needs to power the electric vehicle and renewable energy storage revolution.

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Plus, Encounter Resources’ enviable JV with Newcrest leaves it highly leveraged to exploration success

Finding a lightly-capitalised growth story in the ASX gold space is tougher than ever. The Aussie dollar gold price of more than $1,730/oz and the on-average margins of $700/oz which that offers up for those with near-term production potential has kind of made sure of that. But there are still a few out there which for one reason or another have been overlooked. NTM Gold (NTM) is a case in point. It is trading at 4.5c for a market cap of all of $15 million, which is pretty much the value of your average gold explorer nowadays without any resource ounces in the bank.

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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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