News - Market Insights

Gold explorer Kingston Resources (ASX:KSN) will move to full ownership of the 2.8Moz and growing Misima gold project in PNG (reports Stockhead). Minority JV partner, copper-focused Japanese firm PPC, concluded that the mothballed operation “is outside our company focus”. Which is great news for Kingston, which acquired a majority interest in Misima through a successful merger/takeover of TSX-listed WCB Resources in 2017. The Kingston share price – which is down about 35 per cent over the past year – received a 3 per cent bump to 1.7c on the news.

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Historical evidence suggests gold mining equities are about to take off, fund manager Ronald-Peter Stoferle told delegates at the Zurich Precious Metals Summit (reports MiningNews). Stoferle, a fund manager at Liechtenstein-based Incrementum AG and author of an annual report entitled ‘In gold we trust', said the pattern of mining equity performance in every bull market since 1942 suggested a steep rise - or "euphoria" as he put it - typically seen at the end of an uptrend, was still to come.

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Mincor Resources’ “remarkable” greenfields Cassini discovery has reached a new milestone

Mincor Resources’ “remarkable” greenfields Cassini discovery has reached a new milestone, passing 50,000 tonnes of high-grade resources (reports MiningNews). Cassini is now defined as hosting 1.25 million tonnes grading 4.04% nickel sulphide for 50,400t of contained metal, an increase of 12,600t at 4.7% from just six additional drillholes drilled recently.

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It’s been a crazy run for advanced hard rock explorer Liontown Resources (ASX:LTR), a stock which has consistently flipped the bird at weak lithium market sentiment to be up 400 per cent over the past 12 months

It’s been a crazy run for advanced hard rock explorer Liontown Resources (ASX:LTR), a stock which has consistently flipped the bird at weak lithium market sentiment to be up 400 per cent over the past 12 months (reports Stockhead). Liontown’s flagship Kathleen Valley project in WA boasts a current resource estimate of 74.9 million tonnes, which already makes it the 5th biggest deposit in Australia.

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Fenix Resources could be producing iron ore within months from its Iron Ridge project, near Cue in Western Australia (reports MiningNews).

Fenix Resources could be producing iron ore within months from its Iron Ridge project, near Cue in Western Australia (reports MiningNews). A feasibility study outlined capital costs of just A$11.9 million for a 6.5-year operation producing 1.25 million tonnes of iron ore per annum at C1 costs of $76.86 per tonne. Just 56% of the capital costs are payable on a pre-production basis, with the remainder to be payable after the first shipment. The project returned an estimated pre-tax internal rate of return of 58.9% and a net present value of $54.3 million.

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WA explorer Syndicated Metals says a newly acquired, early stage project resembles the +6 million-ounce Tropicana deposit. Here’s hoping (reports Stockhead). Today, Syndicated (ASX:SMD) scored itself a second major landholding in the Laverton gold district of WA, buying an 80 per cent interest in the Edjudina project from Gateway Mining (ASX:GML). For Gateway, which is focused on its +240,000oz Gidgee project, Edjudina is a non-core asset.

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8th November 2019

Hopes for Kwinana to host a battery minerals processing hub have taken a step forward after Kibaran Resources said test work had bolstered its plans for a graphite processing facility on the industrial strip south of Perth (reports The West Australian). Kibaran said work by consultant GR Engineering had supported the credentials of the company’s patented EcoGraf technology to produce a clean spherical graphite product for the anodes of lithium-ion batteries.

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Silver Lake Resources has been forced to lift its stalled takeover offer for developer EganStreet Resources after EganStreet received a higher offer (reports MiningNews). EganStreet confirmed late Friday it had received an indicative, non-binding A40c per share cash takeover proposal from unlisted Adaman Resources. Adaman, which owns the Kirkalocka gold mine near EganStreet's Rothsay project, needed to secure a $60 million funding facility from Remagen Capital Management to fund the buy.

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