News

The risk-chickens came home to roost this week as the compounding effect of trade war jitters were magnified by the start of a debilitating US Presidential impeachment process

The risk-chickens came home to roost this week as the compounding effect of trade war jitters were magnified by the start of a debilitating US Presidential impeachment process, leaving gold as the only clear winner – but with another precious metal tailing along. Palladium, a sister of platinum but not a mainstream commodity, has emerged as the star of the year, though there are very few entry points for Australian investors unless they’re prepared to look to South Africa or Russia – where entirely new levels of risk abound.

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Australia highlighted just how vulnerable the US is in the area of rare earths in an attempt to attract more investment to the local industry (The Australian Financial Review reports). A report from the Morrison government outlines how reliant the US has become on China in rare earths and exposes gaping holes in the supply chain for the materials that are becoming increasingly important in electric vehicles, electronics and military applications.

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Acquisitive explorer Bardoc Gold says it has amassed a three million ounce resource at its namesake project 55km north of Kalgoorlie

Acquisitive explorer Bardoc Gold says it has amassed a three million ounce resource at its namesake project 55km north of Kalgoorlie as it looks to expedite plans to bring it into production (reports The West Australian). The company yesterday unveiled a 17 per cent increase in its global resource, lifting it to 49.4 million tonnes at 1.9 grams per tonne for 3.02 million ounces of gold. Bardoc will use the resource and a recently announced $15 million capital raising to underpin a pre-feasibility study for its project due early in the new year.

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Dacian Gold shares have hit the highest point since a June production downgrade after the company reported a high-grade maiden resource for its Phoenix Ridge discovery

Dacian Gold shares have hit the highest point since a June production downgrade after the company reported a high-grade maiden resource for its Phoenix Ridge discovery (reports MiningNews). Phoenix Ridge has a maiden inferred resource of 481,000 tonnes at 8.1 grams per tonne gold for 125,000 ounces of gold, using a 2gpt lower cut-off. The resource is based on 24 diamond holes for 8200m of drilling.

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Saracen Mineral Holdings has snapped up Talisman Resources’ Sinclair nickel project for $10 million

Saracen Mineral Holdings has snapped up Talisman Resources’ Sinclair nickel project for $10 million for its gold potential and existing infrastructure close to its Thunderbox operations near Leinster (reports The West Australian).

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First drilling of the Mars prospect at PolarX’s Alaska Range project has hit porphyry-style veins containing visible copper, with the junior saying it was looking forward to further results from the “very exciting” target (reports MiningNews). PolarX is excited because of the potential significance of any discovery given "the large size of the co‐incident copper‐gold‐molybdenum geochemical anomaly and the geophysical anomalies at Mars". Assays are also awaited for potential gold content.

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4th October 2019

Drilling on a minor portion of the 18km-long contact of the Montague Granodiorite has delivered Gateway Mining a maiden resource of 240,000 ounces of gold, and the company has immediately launched into a 16,000m drilling program hoping to quickly add additional ounces (reports MiningNews). Gateway managing director Peter Langworthy said the maiden inferred resource for the Whistler and Montague deposits of 3.4 million tonnes grading 2.2 grams per tonne was an important first step for the project in the emerging play.

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The old saying is that the best place to find a resource is to explore where it has been discovered before, and that is the well-travelled strategy that Resources & Energy Group is bring to bear in the Menzies goldfield, where CEO Christian Price says there has been a lack of dedicated exploration (reports MiningNews). REZ secured the East Menzies assets from vendors including g director Richard Poole, last November, and after around six months of delving into the data undertook its maiden drilling program mid-year, with a follow-up program to the south starting now.

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3rd Dec 2019

RRS Summer Series 2019 - Sydney Conference

One-day investor conference in Sydney on Tuesday 3 December 2019.

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RRS Summer Series 2019 - Brisbane Conference

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The 2020 Resources Rising Stars Conference will be held in May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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