News - Market Insights

Despite the continued sell-off of global lithium stocks, Pilbara Minerals boss Ken Brinsden says there’s no issue with demand (reports MiningNews).

Despite the continued sell-off of global lithium stocks, Pilbara Minerals boss Ken Brinsden says there’s no issue with demand (reports MiningNews). Cannacord Genuity noted today that the Global X Lithium ETF was down by 4.3% last week alone, and Pilbara fell 3.5% this morning (Monday) to a 2019 low of A63.2c off the back of its March quarterly. Brinsden told investors this morning that demand for lithium remained strong.

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WA lithium developer Liontown Resources (ASX: LTR) continues to impress Bridge Street Capital Partners’ resource analyst, Dr Chris Baker.

WA lithium developer Liontown Resources (ASX: LTR) continues to impress Bridge Street Capital Partners’ resource analyst, Dr Chris Baker. Baker has been following Liontown closely and he was back in the field this week, pausing to issue a brief flash note on the Company’s most recent drilling results – which included the best-ever lithium intercept recorded from the Kathleen Valley Project. “A particularly impressive suite of drill holes from Kathleen Valley which might take total resources to over 50Mt!” he said.

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RED 5 has defined oxide gold resources that could be added into the potential standalone development at the King of the Hills project north of Leonora in Western Australia (reports MiningNews). The combined 114,900oz at the Rainbow and Severn deposits are about 85% oxide and could provide early feed to the so-called potential KOTH bulk mining development, with a 13,000m regional RC campaign continuing. Red 5 is considering a 2.5-4 million tonne per annum development at KOTH that would involve a big cut-back of the previously mined pit.

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Northern Star Resources boss Bill Beament has urged investors to be patient with the miner’s $US260 million Alaskan gold operation

Northern Star Resources boss Bill Beament has urged investors to be patient with the miner’s $US260 million Alaskan gold operation, saying Northern Star’s turnaround of the newly acquired mine was nearly complete (reports The Australian). Northern Star bought the Pogo mine last year from Japan’s Sumitomo, promising a repeat performance of the company’s track record of reviving the performance of the suite of Australian operations bought from the majors in a deal making spree earlier this decade.

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Fast-talking Karl Simich allowed himself a moment of slow-paced reflection at Sandfire’s recent analyst call on the group’s March quarterly report

Fast-talking Karl Simich allowed himself a moment of slow-paced reflection at Sandfire’s recent analyst call on the group’s March quarterly report (reports Barry FitzGerald on MiningNews). The Sandfire CEO's attention had turned to business development and the status of the opportunity Sandfire has had on its books since 2014 - the Black Butte copper project in Montana. Black Butte stands as a 600,000t high-grade copper resource with cobalt and silver credits.

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Liontown Resources (ASX: LTR) is achieving growing market awareness of the exploration successes and resource growth at its key WA lithium projects

Liontown Resources (ASX: LTR) is achieving growing market awareness of the exploration successes and resource growth at its key WA lithium projects, according to prominent Sydney-based resource analyst Gavin Wendt. The company’s shares are up around 30 per cent since the start of the month, as investors begin to absorb the significance of the dual drilling programs at its Kathleen Valley and Buldania lithium projects in WA. “The quality of exploration results from these programs cannot be questioned,” wrote Wendt, in his widely-circulated newsletter Mine Life.

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The latest analysis by Bank of America Merrill Lynch analysts suggests new copper developments will not swamp the market and create an oversupply situation any time soon (reports MiningNews). The analysts do not expect ‘base case' projects moving through the development phase now to upset long-term copper market balance. They were aware of market concerns about an avalanche of supply creating surpluses and price weakness, but said: "We disagree.

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Saracen Mineral Holdings says its target of becoming a 400,000 ounce per annum gold producer is on track after the miner posted record quarterly gold production in the three months to the end of March (reports The West Australian).

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