Gascoyne set for a resource upgrade at its high-grade WA gold discovery, Black Cat purrs on gold restart plan and Hot Chili looking spicy.
By Barry FitzGerald
Gold is the big winner from the sharp fall reported this week in U.S. inflation and the first clear look at an end to the cycle of rising interest rates.
By Tim Treadgold
Battery Age Minerals has start its baseline fieldwork program at the Falcon Lake lithium project in Canada, engaging Wabadowgang Noopming Management to carry out terrestrial and fisheries field programs (reports Stockhead).
Australian investors have been slower to invest in gold than their international peers – due in part to a perception the asset is only for those with “mega-bucks” – but they may be missing out on the precious metal’s counter-cyclical qualities (reports The Australian Financial Review).
Various field programs including ground geophysics are being carried out to refine strong targets identified in the highly prospective 3.5km corridor at Falun ahead of a diamond drilling program to commence this quarter (reports Stockhead).
DevEx’s metallurgical testing has found that the clay-hosted rare earths mineralisation at its Kennedy project in Queensland are indeed of the much sought after ionic adsorption type (reports Stockhead).
Australia does underground mining better than anyone in the world, but the industry is under threat from years of under-investment and contractors being forced to run on razor-thin margins (reports The Australian Financial Review).
Bill Beament, the man who turned Northern Star Resources from a $1 million gold miner into a $10 billion company, says he saw this week how hot lithium really is (reports The Australian Financial Review).
ASX: CY5 Share Price: 30cShares on Issue: 214m Market Cap: $66M
Leverage exposure to the rate cycle can be found in the likes of Red 5, Bellevue and Rox. And Battery Age maturing nicely ahead of lithium assays.
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