A whiff of panic blowing off U.S. banks coupled with doubts about China’s recovery dragged most markets down this week, leaving the good news in isolated situations, including takeover speculation in the lithium sector.
By Tim Treadgold
A new research report has highlighted the world-class potential of Sunstone Metals’ (STM) Bramaderos gold-copper discovery in Southern Ecuador, saying it could host more than 10Moz of gold-equivalent (reports Stockhead).
Takeovers at the top end of the copper resources sector have thinned opportunities for investors seeking exposure to a red-hot energy transition metal, but that simply means do what the big miners do when producing assets dry up – buy explorers (reports Tim Treadgold on Small Caps).
The Honeymoon uranium mine near Broken Hill will restart production before the end of the year, after a decade-long break, its owner Boss Resources says (reports The Australian).
Plus, new report highlights potential game-changer for Sunstone, Australian Rare Earths raises to accelerate South Australian project and Meteoric set for maiden resource.
By Barry FitzGerald
Flashes of encouraging discovery news were not enough to boost the stock market this week as the deadweight of rising costs weighed on investor confidence.
New gold and silver hits from aircore drilling at the Stavely copper-gold project in western Victoria have highlighted emerging regional discovery opportunities for Stavely Minerals.
By Small Caps
The trigger for gold’s big move higher remains a pause in US interest rate hikes – something that could happen in the second half of the year, ANZ commodity strategists Daniel Hynes and Soni Kumari say in a research note (reports Stockhead).
Kin Mining (ASX: KIN) has reported significant assays from drilling at its wholly-owned Cardinia gold project in Western Australia, targeting a newly-identified high-grade opportunity along the Eastern Corridor (reports Stockhead).
Drilling at Sunstone Metals’ Limon target, within the Bramaderos Project in Southern Ecuador, has intersected further visible gold in an epithermal vein system at 600m below surface (reports Stockhead).
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