News

In January, Dacian Gold fired up its brand new Mt Morgans Gold Operation (MMGO) near Laverton in Western Australia (reports Stockhead).

In January, Dacian Gold fired up its brand new Mt Morgans Gold Operation (MMGO) near Laverton in Western Australia (reports Stockhead). The honeymoon didn’t last long. Dacian downgraded production guidance in the March quarter, and then on 5 June, told investors that the gold still wasn’t coming out of the ground as predicted. June quarter guidance went from 50,000-55,000oz at an all-in sustaining cost (AISC) of between $1,050-$1,150/oz, to 36,000-38,000oz at an AISC of between $1,500-$1,600/oz.

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Acquisitive gold miner Silver Lake Resources has struck a friendly $52 million scrip deal to take over explorer EganStreet Resources (reports The West Australian).

  Acquisitive gold miner Silver Lake Resources has struck a friendly $52 million scrip deal to take over explorer EganStreet Resources (reports The West Australian).

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Vanadium explorer Tando has a new name, refreshed board, and aggressive marketing and development strategy for the massive Steelpoortdrift (SPD) project in South Africa (reports Stockhead).

Vanadium explorer Tando has a new name, refreshed board, and aggressive marketing and development strategy for the massive Steelpoortdrift (SPD) project in South Africa (reports Stockhead). Vanadium Resources (ASX:VR8) says SPD in South Africa can rightfully claim to be one of the world’s largest and highest grade vanadium deposits. But despite being big and high grade (whole rock and in concentrate), SPD hasn’t received the attention it deserves, says VR8. Consultancy Mastermines was appointed to assist VR8 with marketing in Asia earlier his month.

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The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs

The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs while nearby juniors Sipa and Antipa are planning holes of their own. Plus, Sandfire-backed White Rock offers investors two projects for the price of one. Exploration in Western Australia’s remote Paterson province is heating up as was expected following Rio Tinto’s belated confirmation in February that its Winu copper-gold discovery was indeed something special.

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Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors

Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors, while two industry leaders, BHP and Rio Tinto, paid a heavy price for annoying their supporters. On a “follow-the-money” basis, it was hard to overlook the flow of funds into two emerging rare earth companies, Arafura and Northern Minerals, which attracted $30 million and $23.2 million respectively to advance their projects.

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Sandfire Resources boss Karl Simich says the miner is open to acquisition opportunities

Sandfire Resources boss Karl Simich says the miner is open to acquisition opportunities within Australia including existing operating assets, but they need to be value accretive and make sense (reports The West Australian). Speaking after the company reported record quarterly and full-year production from its flagship DeGrussa gold copper operation near Meekatharra, Mr Simich said the company’s business development team was eyeing all opportunities that could add to Sandfire’s production pipeline.

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Stunning resource growth at the King of the Hills project to 3.1 million ounces makes 100%-owner Red 5

Stunning resource growth at the King of the Hills project to 3.1 million ounces makes 100%-owner Red 5 an obvious nomination for MiningNews’ Explorer of the Year Award (reports MiningNews). Red 5 acquired King of the Hills (KOTH), sitting on a rich trend of deposits between Leonora and Leinster, in a A$16 million cash and scrip deal with Saracen Minerals in October 2017. It was originally mined as an open pit between 1985 and 2004, producing a total of 1.65Moz in a much lower gold price environment.

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It is not every day that a mining company managing director tells investors to look out for some “pretty cool” announcements to the market in the next couple of weeks (writes Barry FitzGerald on MiningNews). It's what Saracen's Raleigh Finlayson, who is pretty good at the stump, quipped when wrapping up the investor call on the gold producer's June quarterly on Monday.

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4th - 5th Jun 2019

Gold Coast Conference

The 2019 Resources Rising Stars Conference was held on Tuesday 4 and Wednesday 5 June 2019 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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