News - Market Insights

PolarX has been plugging away at its huge Alaska Range Project since 2017 with a focus on three core prospects

PolarX has been plugging away at its huge Alaska Range Project since 2017 with a focus on three core prospects — Zackly, Mars and Saturn (reports Stockhead). The Mars and Saturn porphyry targets could be absolutely gigantic – which is why PolarX needed deep pockets to help fund exploration. The Saturn magnetic body, for example, is comparable in scale and geometry to Grasberg, one of the world largest copper-gold mines. It has vertical extent of 3km.

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Calidus Resources will take its time to de-risk the Warrawoona gold project near Marble Bar in the Pilbara

Calidus Resources will take its time to de-risk the Warrawoona gold project near Marble Bar in the Pilbara (reports MiningNews). The company is planning to release a prefeasibility study next month. Calidus managing director Dave Reeves told the Resources Rising Stars conference the study was focused on a 2km-long open pit with underground underneath. The company is envisaging 97% gold recoveries and 60% for gravity gold. "We're talking quite soft rock so less energy goes in," Reeves said. "Processing wise, it's as good as it gets."

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After the building comes the painting, an odd observation but one that could be profitable for investors prepared to look beyond trade-war headlines and see how the same building boom in China that is helping lift the iron ore price should soon lift demand for titanium dioxide (reports TimTreadgold in The Australian). Connecting the dots that link the China v US trade war to form a picture that shows increased demand for paint — and other “end of cycle” commodities such as copper — is not hard because it has happened repeatedly in the past.

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Breaker Resources boss Tom Sanders has compared the company’s greenfields Bombora discovery to Kalgoorlie’s famous Golden Mile (reports The West Australian). Speaking at the Resources Rising Stars conference on the Gold Coast, Mr Sanders said the company had barely scratched the surface at Bombora despite drilling 247,000m since listing in 2012 and defining a resource of 1.1 million ounces.

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Sentiment in the junior mining space has reached “peak despondency” and could be ripe for a turning point, according to a respected fund manager (reports The West Australian). Delivering the keynote address at the Resources Rising Stars conference on the Gold Coast, Lion Selection Group investment manager Hedley Widdup says a resurgence in M&A activity at the major end of the resources sector could usher in growing interest in the junior end of the market as the big players go looking for growth.

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Diamonds from Lucapa Diamond Company’s 70%-owned Mothae mine have sold for A$5 million (reports MiningNews).

Diamonds from Lucapa Diamond Company’s 70%-owned Mothae mine have sold for A$5 million (reports MiningNews). The mine, in Lesotho, is a partnership with the government. The second tender, comprising a parcel of 7008 carats, sold in Antwerp for US$3.5 million. The tender included prices of up to $26,000 per carat paid. Lucapa managing director Stephen Wetherall said the latest tender results continued to underline Mothae's status as one of a select few global mines capable of producing high-value diamonds on a consistent basis.

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Sunstone Metals’ second hole at its Limon prospect in Ecuador was a “winner” and showed “all the signs of a typical porphyry system,” says Patersons analyst Xavier Braud. Sunstone announced this week that the second hole at Limon, which sits in the company’s Bramaderos Project, intersected a “very encouraging interval of porphyry-related mineralisation with visible and persistent chalcopyrite (copper sulphide) and molybdenite (molybdenum sulphide), minor bornite (copper sulphide)”.

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Headline performance of miners since 2016 has been sterling. The ASX100 Resources and Small Resources have both posted strong gains, with capital returns of 2x from both Indices in 3.5 years (reports Lion Selection Group’s Hedley Widdup on Livewire).

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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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