Heading &

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: 30c
Shares 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.

China giveth and China taketh away. Perhaps without anyone noticing, that was the theme of the first week of the new financial year with China sparking a rare earths rush before dulling confidence in a broader economic recovery.

By Tim Treadgold.

McKinsey & Co joined the growing chorus warning that metals considered key to the clean-energy transition face shortages in coming years, potentially suppressing the adoption of electric cars, wind turbines and solar panels (reports Bloomberg).

By Bloomberg.

Rox Resources’ (ASX: RXL) decision to take 100% control of the 3.2Moz Youanmi gold project is already looking like a winner with significant new drill results obtained at the Western Australian operation (reports Small Caps).

Valor has agreed to sell the majority of its Picha and Charaque copper projects in Peru to Firetail Resources in order to focus on its high potential uranium assets in Canada’s Athabasca Basin (reports Stockhead).