Mincor Resources boss David Southam says recent high-grade drill results between its Long and Durkin North mines provide increased opportunity to extend the five-year mine life of its Kambalda nickel operations (reports The West Australian).
Plus, JP Morgan highlights upside for Chalice and Sunstone says its Alba gold-copper discovery has scale as well as high grades.
“Blink and you’ll miss it” is an old quip about fast moving events which has rarely been more true than today with war, inflation, and commodity market turmoil joined this week by the first step up in U.S. interest rates just as Russia stumbled towards a sovereign debt default.
Boss Energy managing director Duncan Craib says it’s time to put nuclear power back on the agenda in Australia as his company moves forward with plans to kick-start the Honeymoon uranium mine (reports The Australian).
The first diamond hole sunk by Nimy Resources (ASX: NIM) at Godley, part of its large Mons nickel project, has intersected a 275m ultramafic zone containing nickel and copper sulphides (reports Small Caps).
New World’s cobalt spin-off Koba Resources has launched its initial public offering which seeks to raise $8m to fund exploration and development (reports Stockhead).
There are some that believe the implications from Russia’s invasion of Ukraine could be “as transformative” as what occurred after the two world wars last century (reports MiningNews).
Plus, little-known Labyrinth Resources uncovers historic hits of over 100gpt as it prepares for JORC resource at new Canadian project and fresh drilling results fuel hopes that Rumble’s Earaheedy project in WA is a base metals province in the making.
The great nickel squeeze, which is said to have cost a Chinese billionaire $US5 billion, was a lot more than a flawed punt. It was a perfect example of the theme which has returned to dominate financial and commodity markets, energy.
Stavely Minerals (ASX: SVY) has unearthed what it describes as “outstanding” and “extreme high grade” drill intersections at the Cayley Lode within its Stavely copper-gold project in western Victoria (reports Small Caps).
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