Red 5 (ASX: RED) has taken a step towards returning its King of the Hills gold mine in WA to 200,000oz-a-year status, according to Perth broker Hartleys, justifying a Speculative Buy recommendation and 10.4c price target for the stock.
Newly rebranded Bardoc Gold is aiming to make a splash in the Western Australian gold scene in 2019 (reports MiningNews).
The company, formerly known as Spitfire Materials, was previously a manganese explorer until geologists John Young and Neil Biddle - of Pilbara Minerals fame - entered the scene in 2017 with a focus on gold.
Since then, Bardoc has merged with former small-scale north Kalgoorlie producer Excelsior Gold and stalled developer Aphrodite Gold.
Explorer Battery Minerals reckons its second advanced graphite project, called “Balama Central”, will generate decent profits and cost just $97 million to build (reports Stockhead).
Graphite is looking to be their way into the popular lithium-ion battery market: today, demand for graphite is primarily driven by the steel market but rapid growth in the lithium-ion battery industry is driving demand for both natural flake graphite and synthetic graphite.
Each lithium-ion battery requires 60kg of graphite – more than twice the amount of lithium needed.
A reluctant Rio Tinto should do itself a favour and look at how Anglo American’s Aussie expat chief executive Mark Cutifani recently handled rampant speculation that the company had made a big copper-gold discovery (writes Barry FitzGerald on MiningNews).
A combination of the improving outlook for the gold price and the recent sell-off in Dacian Gold shares presented a compelling opportunity for investors, Blue Ocean Equities senior analyst Steuart McIntyre says.