Heading &

Develop Global has received further exploration results from the A$10 million drilling program at Sulphur Springs in Western Australia (reports MiningNews).

Red 5 has commenced commissioning of its new crusher at its flagship A$226 million King of the Hills gold operation, north of Leonora, Western Australia (reports MiningNews).

Chinese authorities face a struggle bringing the iron ore price under control, as strong fundamentals and the growing potential for a supply shock conspire to keep Australia's top export trading near a five-month high (reports The Australian Financial Review).

Iron ore minnow Fenix Resources has elected to accelerate a potential expansion of its production by issuing shares to ensure an early earn-in of 100% of the iron ore rights across the Pharos project from the tenements’ owner, Scorpion Minerals (reports MiningNews).

A large-scale moving loop electro-magnetic (MLEM) survey by junior explorer Nimy Resources (ASX: NIM) has identified three conductor plates at the Mons nickel project in Western Australia (reports Small Caps).

Prices for the lithium-rich spodumene concentrate that Australian miners send to the world’s battery manufacturers surged by 45.5 per cent in January, and experts say the record-breaking 15-month rally in lithium prices has further to run (reports The Australian Financial Review).

The end of the boom is in sight for America’s fracking companies. Less than 3½ years after the shale revolution made the US the world’s largest oil producer, companies in the oil fields of Texas, New Mexico and North Dakota have tapped many of their best wells (reports The Wall Street Journal).

Newly-minted gold producer Kingston Resources (ASX: KSN) has commenced exploration at the historic Mineral Hill copper-gold project in New South Wales, targeting near-mine or brownfields targets within the existing mining lease.

There is growing recognition that nuclear power is key to meeting both the energy and decarbonisation challenges. But the supply side of the uranium equation is yet to catch on, paving the way for further price increases. And Boss Energy, already among Australia’s uranium front runners, could add copper to its story. Plus, bumper drilling results add to the buzz at Genesis over pending arrival of Raleigh Finlayson.

Rare earths and other critical metals moved back into focus this week thanks to Australian Government project funding offers but it was gold which really caught the eye of investors as reports surfaced of a “whale” soaking up bullion every time the price slipped far below US$1800 an ounce.