News - Market Insights

Emerging gold company EganStreet Resources (ASX: EGA) has delivered a 13% increase in its high-grade Resource base from 401,000oz to 454,000oz, demonstrating the high-grade nature of its flagship Rothsay gold project in WA and its potential to deliver a low-cost, high-margin operation, says Sydney analyst Gavin Wendt. A meeting with EganStreet Managing Director Marc Ducler has provided him with confidence that the company is “well on track” to successfully bring the Rothsay project into production, says Wendt.

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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).

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It remains reluctant to disclose what it is sitting on in the East Pilbara but mining giant Rio Tinto is spending more money to ensure better access (reports The West Australian).

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The Australian Securities Exchange clearly doesn’t see a problem with the frenetic, but clearly uninformed, trading around Rio Tinto’s rumoured copper discovery in the Pilbara (writes columnist Sean Smith in The West Australian).

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30th November 2018

If rumours of a big copper find by mining giant Rio Tinto in the East Pilbara provided the kindling, stunning drill results from London-based Greatland Gold this week lit the match (reports The West Australian).

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Fresh satellite images of Rio Tinto’s rumoured copper discovery in Western Australia’s remote Paterson Range province shed new light on the scale of activity in the region (reports The Australian).

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Having talked tough at the banking royal commission, the corporate regulator may not look much further than Anton Billis if it is looking to exercise its new-found muscle (writes columnist Sean Smith in The West Australian).

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Saracen Minerals boss Raleigh Finlayson is more convinced than ever that there is a lot more gold to be found in Australia after promising discoveries on the doorstep of the company's existing Carosue Dam operations (reports The Australian Financial Review).

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