News - Market Insights

Northern Star Resources had a weaker than expected quarter of gold production, but executive chairman Bill Beament said the outlook was “extremely bright on all fronts”

Northern Star Resources had a weaker than expected quarter of gold production, but executive chairman Bill Beament said the outlook was “extremely bright on all fronts” (reports MiningNews). After a strong June quarter that saw Northern Star produce 226,028 ounces of gold, September quarter output dropped to 188,175oz. All-in sustaining costs rose from A$1238 an ounce to $1493/oz. At Pogo in Alaska, production dropped from 45,594oz to 29,468oz, while AISC rose to $2798/oz from $1724/oz.

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Pilbara Minerals (ASX: PLS) shareholders should feel confident their company is in the “right sub-set” of the lithium industry and is well placed to benefit from the “inevitable” improvement in the market

Pilbara Minerals (ASX: PLS) shareholders should feel confident their company is in the “right sub-set” of the lithium industry and is well placed to benefit from the “inevitable” improvement in the market when it comes, senior company executives told shareholders in Perth this week. At an EGM called to approve key aspects of a $55 million investment by Chinese battery giant CATL – part of a broader $112 million capital raising – Pilbara CEO Ken Brinsden said he was adopting a “glass half full” view of the outlook for the battery-making raw material. 

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A successful strategy in recent times for investors has been to follow ASX-listed explorers looking to revive old and forgotten high-grade goldfields in WA

A successful strategy in recent times for investors has been to follow ASX-listed explorers looking to revive old and forgotten high-grade goldfields in WA (reports Barry FitzGerald on Stockhead).

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Sunstone Metals' drilling at the Limon prospect in Ecuador has interested more shallow mineralisation, with a 59m-thick mineralised blanket grading 0.16% copper, including 13.3m at 0.43% copper and 0.11 grams per tonne gold from 58m, providing more evidence of a major porphyry source , albeit expected to be deeper than expected at more than 500m below the surface (reports MiningNews).

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The managing director of an Australian nickel company has talked up the potential value of electric-vehicles – both as a market and part of a new mine fleet – in its plans to restart production at its Kambalda sulphide-nickel hub in Western Australia, at a conference in Perth (reports Mining Journal).

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Stavely Minerals has announced more thick, high grade copper hits to follow on from that “stunning” discovery at its namesake project in Victoria (reports Stockhead).

Stavely Minerals has announced more thick, high grade copper hits to follow on from that “stunning” discovery at its namesake project in Victoria (reports Stockhead). The new hole is 160m south of the discovery hole targeting the Thursday’s Gossan prospect. It returned assays of 8m at 9.69 per cent copper, 0.4 grams per tonne gold and 16.8g/t silver from 177m down-hole along with a shallower but thicker intercept of 59m at 1.8 per cent copper, 0.43g/t gold and 15.4g/t silver from 98m.

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Work on the Exxon project set to take place alongside construction of the ~US$20b Total LNG project

RBR Group’s strategy to be a major supplier of labour and training services to the Mozambique LNG construction industry has received another boost with the Government of Mozambique and the Exxon Mobil (Exxon) lead consortium behind the Mozambique Rovuma Venture announcing an Initial Investment Decision for the US$33 billion LNG project.  The Initial Investment Decision paves the way for Exxon and its partners to invest more than US$500 million in the initial construction phase of Rovuma.

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Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West

Strandline Resources is a step closer to winning Federal funds for its Coburn minerals sands in the Mid West with the Northern Australia Infrastructure Facility progressing the project to the detailed due-diligence phase (reports The West Australian) . Strandline managing director Luke Graham said while the NAIF assessment continued, the company would advance discussions with private lenders. “We will also continue negotiations on project development contracts, product offtake and strategic partner arrangements,” he said.

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