News - Market Insights

Pilbara gold miner Millennium Minerals (ASX: MOY) has delivered an improved third quarter, turning the momentum positive for its planned operational turnaround and underpinning a BUY recommendation and increased target price of 29c-a-share, says broker Bell Potter.

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Crucial in real estate and pretty important in mining, too — location is one of several qualities aspiring gold producer Genesis Minerals has in its favour (reports The West Australian).

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Perth broker Hartleys has updated its 12-month price target for base metal developer Venturex Resources (ASX: VXR) to 45 cents-a-share following the release of the Company’s highly-anticipated Definitive Feasibility Study on its flagship Sulphur Springs copper-zinc project in WA. In a new report, Hartleys analyst Paul Howard has issued a Speculative Buy recommendation on the stock, saying that securing funding for the $169 million Sulphur Springs development is the next step for the company.

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WA gold explorer Breaker Resources (BRB) is under-valued and the stock will be re-rated on the back of upcoming newsflow, according to research from broker Patersons. Patersons analyst Xavier Braud says Breaker’s Bombora gold discovery, 100km east of Kalgoorlie, will grow beyond the current 1.1 million-ounce resource.  “With 1.1Moz in resource and a growing number of drill holes outside the resource envelope, Bombora is clearly evolving into a large and significant gold system,” Braud says in his latest note on Breaker.

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Sydney-based institutional broker Petra Capital has issued a BUY recommendation and 12c-a-share price target for South African-focused base metal developer Orion Minerals (ASX: ORN) following updates on the company’s Bankable Feasibility Study issued over the past week. Orion is fast-tracking the development of the Prieska zinc-copper project in South Africa, a historical mine that was originally discovered in 1968 and was operated for 20 years by AngloVaal, at the time boasting a position as one of the world’s top-30 VMS deposits.

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Analysis by Bank of America Merrill Lynch Global Research (BofA) paints a bullish scenario for gold to trade up to US$1400/oz in 2019 (reports MiningNews). Research by the bank's global commodities team showed equity markets were already "sowing the winds of change" and rising volatility (as measured by the Chicago Board Options Exchange's VIX) would eventually force the US Federal Reserve Bank to slow down the rate of interest rate hikes. Rate increases in April and June have been weighing on the yellow metal's price performance to date.

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Northern Star Resources has boosted the in-mine resource for its new Pogo gold mine in Alaska (reports MiningNews).

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It was only a little more than four years ago that the then-penny dreadful Pilbara Minerals picked up what was originally the Pilgangoora tantalum-lithium project, 120km south of Port Hedland, (writes Barry FitzGerald on MiningNews).

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10th Dec 2018

December 2018 "Solid Gold" Investor Lunch - Melbourne

Join us for a solid gold RRS Christmas lunch featuring four sparkling investment opportunities... Red 5 Ltd, Millennium Minerals, Genesis Minerals & Spitfire Materials  

12th Dec 2018

December 2018 "Solid Gold" Investor Lunch - Sydney

Join us for a solid gold RRS Christmas lunch featuring four sparkling investment opportunities... Red 5 Ltd, Millennium Minerals, Genesis Minerals & Spitfire Materials  

4th - 5th Jun 2019

Gold Coast Conference

A huge thank you to the 800 investors and 34 companies that attended our 2018 Resources Rising Stars conference, held on Tuesday 29 May and Wednesday 30 May 2018 at the scenic RACV Royal Pine

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