News

Kalgoorlie is arguably Australia’s premier gold town and the region around it has delivered a rich endowment of the precious metal over the course of the country’s longest-running gold rush, which shows no sign of stopping anytime soon (reports Stockhead). Torian Resources’ (ASX:TNR) latest drilling results certainly lend credence to the belief that there is still more gold to be found in the region with top assays of up to 46 grams per tonne (g/t) gold at its Credo Well project.

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Hedley Widdup believes the events of 2019 are setting mining stocks up for another strong run (reports MiningNews). Despite this year feeling like another tough one for many, it has delivered a number of discoveries. "Discoveries are exciting because they come from nowhere," Widdup told the Resources Rising Stars Summer Series in Sydney today. "2019 has seen a number of discoveries come to market - some still have a question mark over them."

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It’s not easy being a lithium enthusiast when the price of the material has dropped by 65 per cent in less than two years and the share-prices of mining stocks exposed to the battery metal have fallen further, and in some case the business has simply collapsed (reports Tim Treadgold on Stockhead). But that negative view of lithium is poised to change in the new year with early signs of a bottom forming in the market thanks to a revival in demand for electric vehicles (EV) in a market other than China, which has been the lithium driver, until now.

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Liontown Resources boss David Richards predicts the lithium market will have recovered by the time its Kathleen Valley project enters production in 2024 (reports The West Australian).

Liontown Resources boss David Richards predicts the lithium market will have recovered by the time its Kathleen Valley project enters production in 2024 (reports The West Australian). The Tim Goyder-chaired explorer yesterday put a $240.5 million price tag on the project near Leinster based on a 2 million tonne per annum operation producing 295,000tpa of spodumene concentrate.

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Goyder aims to be Goldilocks with not-too-early, not-too-late development of Kathleen Valley. Plus, Centaurus awaits first assays from Brazilian nickel sulphide project.

STOP PRESS: Legend Mining (LEG) has gone into a trading halt pending the release of assay results from the third hole in its current drilling campaign at its Area D prospect, part of its broader Rockford project in WA’s Fraser Range. The Perth gossip was that it has made a nickel-copper “discovery”, though there was no fix on the size of the intersection or the grade of the mineralisation, presumably because the hit had only been made in recent days.

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The pace of gold deals accelerated this week, but not everyone was happy as some prices started to looked stretched.

The pace of gold deals accelerated this week, but not everyone was happy as some prices started to looked stretched. Evolution led the way among Australian-listed stocks with the $US475 million acquisition of the Red Lake complex in Ontario from US gold major, Newmont. Investors liked the move, lifting Evolution’s share-price by 8c to $3.96. There were fewer smiles when Kirkland Lake, a Canadian company which has an Australian listing and owns the high-grade Fosterville mine in Victoria trundled out a $US3.7 billion all-shares merger with fellow Canadian Detour Gold.

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Dacian Gold will update the resource for its Phoenix Ridge discovery early next year after drilling confirmed the continuity of high-grade mineralisation (reports MiningNews).

Dacian Gold will update the resource for its Phoenix Ridge discovery early next year after drilling confirmed the continuity of high-grade mineralisation (reports MiningNews). The 40m by 40m infill drilling program returned 23.1m at 30.2 grams per tonne gold from 266.9m; 19.1m at 5.1gpt gold from 223.6m; 2.4m at 47.5gpt gold from 313.4m; and 10.2m at 3gpt from 235.6m. The program also confirmed a new parallel high-grade shoot less than 50m away from the Phoenix Ridge maiden resource of 125,000oz at 8.1gpt, announced last month.

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Stavely Minerals (ASX:SVY) has extended shallow, high-grade copper mineralisation at the Thursday’s Gossan prospect within its self-named copper-gold project in Victoria after drilling returned some standout results (reports Stockhead).

Stavely Minerals (ASX:SVY) has extended shallow, high-grade copper mineralisation at the Thursday’s Gossan prospect within its self-named copper-gold project in Victoria after drilling returned some standout results (reports Stockhead). The top hit from the drill program returned 11m at 4.62 per cent copper, 0.57 grams per tonne (g/t) gold and 25g/t silver from a depth of 86m about 40m north of the discovery hole.

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26th - 27th May 2020

Gold Coast Conference

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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