Genesis Minerals says infill drilling at its Ulysses gold deposit has returned some of the highest-grade intersections to date and further indicates the Leonora project is emerging as a large-scale system with the potential to underpin a future standalone development (reports MiningNews).
Highly-rated Blue Ocean Equities senior resource analyst Steuart McIntyre says now is the time to start building a copper exposure in key resource stocks, with a number of macro indicators pointing to significant upside in copper prices in the coming years.
TNG Limited’s Mount Peake vanadium, titanium and iron project — which is on track to be Australia’s next major resources development — is quickly increasing in value due to the soaring vanadium price (reports Stockhead).
Vanadium prices are now at their highest point since 2005, pushing through the magical $US20/lb mark on Friday amid ongoing supply concerns, according to Metal Bulletin data.
And with only three large scale primary vanadium producers globally – Bushveld Minerals, Glencore, and Largo Resources – this supply squeeze looks set to continue in the near term, even with planned expansions designed to increase annual production.
The Takeovers Panel has backed a Sydney fund manager’s complaint about Tribune Resources, finding that shareholders have been kept in the dark about the gold miner’s controlling shareholders (reports The West Australian).
It has been a miserable couple of months for the Aussie gold sector with investors taking back a big chunk of the market gains made by the producers in the preceding 12 months (writes Barry FitzGerald on MiningNews).