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.
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).
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).
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).
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).
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).