Standing on top of Mount Mann in Western Australia’s northeastern goldfields, Liontown Resources’ chairman Tim Goyder told MNN that, if all goes well, within three years the same location could be the southern edge of vast open pit
Relative newcomer First Au has announced a new lode gold discovery at its Gimlet gold project outside Kalgoorlie (reports MiningNews).
The company's shares surged by as much as 80% on the news, to an intraday high of A3.1c.
First Au's second reverse circulation campaign at Gimlet was aimed at targeting shallow oxide mineralisation, but deeper drilling allowed the discovery of a new lode.
The headline hit was 15m at 6.6 grams per tonne gold from 157m, including 2m at 31.4gpt gold.
The zinc price has been one of the surprise packages in the year to date. By now, most forecasters had the galvanising metal coming off its 2018 highs to be trading at $US1-$US1.10/lb (reports Stockhead).
But zinc has had other ideas. It was last quoted at a near 8-month high of $US1.29/lb, making it the second best performed metal of the year to date behind nickel.
The metal’s price strength is a response to stocks on the London Metal Exchange falling to the lowest levels since October 2007.
Tando Resources has generated a 2.2% vanadium concentrate after large scale test work, with the company claiming it is one of the highest-grade vanadium concentrates reported globally (reports Small Caps).
Large-scale plant simulation test work was carried out at Tando’s flagship SPD vanadium project in South Africa.
Bulk samples were treated using the proposed flowsheet and processing route.
A deal hinting-at the funding malaise and general investor disinterest in the speculative end of the resources market in Canada can be seen in Tolga Kumova-associated ASX company Pure Alumina buying Canadian company Polar Sapphire for C$25.75 million, including $12 million cash (reports MiningNews).
Polar is said to be a Toronto-based high purity alumina producer currently supplying seven customers utilising its patented processing IP via a pilot plant.
Chalice Gold Mines (ASX: CHN) is an “inexpensive option” on a major gold discovery, according to a new report by Toronto-based broker Red Cloud Klondike Strike Inc.
The Perth-based company has released encouraging reconnaissance drilling results from its Pyramid Hill Project in Victoria, where it has completed 19,500m of air-core and reverse circulation drilling.
Sprott US Holdings president Rick Rule believes the mergers and acquisitions cycle the mining sector is experiencing will accelerate and create a zen moment for investors (reports MiningNews).
American writer and philosopher Robert M Pirsig introduced his Metaphysics of Quality (MoQ) concept in his 1974 classic, "Zen and the Art of Motorcycle Maintenance: An Inquiry into Values". Pirsig's oft-quoted principle that, "quality tends to fan out like waves" sits comfortably with Rule's current investment philosophy.