Sipa Resources has been scratching around at its Paterson North project
Sipa Resources has been scratching around at its Paterson North project for three years with limited success, so one might be cynical when hearing that boss Lynda Burnett is more excited than ever about the explorer’s next drilling campaign at the East Pilbara location (reports The West Australian).
Why the anticipation?
Sunstone Metals has drilled just two holes at its Bramaderos Main copper-gold play in Ecuador, but it thinks it may have a system measuring 300m below surface to more than 500m laterally
Sunstone Metals has drilled just two holes at its Bramaderos Main copper-gold play in Ecuador, but it thinks it may have a system measuring 300m below surface to more than 500m laterally (reports Stockhead).
It told its shareholders this morning that it had received results from the first hole drilled at the project, and the top 200m of a second hole.
The high-grade zones include down hole widths of up to 97m at 0.61 grams per tonne (g/t) gold and 0.18 per cent copper from 39.9m in its first hole.
Gold aficionado, central bank critic and best-selling author Jim Rickards reckons Federal Reserve chairman Jerome Powell faces an "impossible situation", arguing gold may rise to $US10,000 an ounce over the next five years amid strains in the financial system and as US rivals accumulate the precious metal (reports The Australian Financial Review).
Mineral Resources has revealed more problems with the much-hyped Wodgina lithium project that is subject to a $US1.3 billion deal with global battery metals giant Albemarle (reports The Australian Financial Review).
Chris Ellison-led Mineral Resources said on Thursday that it has suffered significant delays in building the spodumene concentrator at the Wodgina lithium mine, mainly due to having replace faulty valves.
Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view
Emerging base metals company Orion Minerals (ASX: ORN) is a “rare investment opportunity” whose share price “may at least double” on a one-year view, according to a new research report issued by top South African broker Vunani Securities.
In a comprehensive 25-page report, the Johannesburg-based broker has issued a BUY recommendation for Orion (which is also listed on the JSE), describing its 70%-owned Prieska copper-zinc project in the Northern Cape as “world-class” with the ability to generate “large amounts of free cash”.
ASX-listed RBR Group has started training prospective workers for jobs that will become available at Mozambique’s emerging liquefied natural gas (LNG) projects (reports South Africa’s Engineering News).
As part of its strategy to assess, train and provide workers for the LNG projects, the labour and training specialist has opened a training centre in Palma, Mozambique, which is located close to the LNG construction sites.
Electric vehicles, and the wider battery revolution, is held up as a massive opportunity for nickel, tin, graphite and lithium players, and now a new report shines a light on how much copper will be needed: 250% more by 2030.
Wood Mackenzie forecasts that over 20 million EV charging points could to be deployed over the next needed, and that means the world needs to produce around 2.5 times more copper by 2030 than it will this year - and that means a lot of money needs to be spent to find and produce it.
Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year
Dacian Gold’s Mt Morgans gold mine has made a strong start to the 2020 financial year (reports MiningNews).
The operation, near Laverton in Western Australia, produced 16,188 ounces of gold in July.
The month's production puts Mt Morgans at an annualised run-rate of 194,256 ounces of gold, well above its guidance of 150,000-170,000oz.