Tando Resources has generated a 2.2% vanadium concentrate after large scale test work, with the company claiming it is one of the highest-grade vanadium concentrates reported globally (reports Small Caps).
Large-scale plant simulation test work was carried out at Tando’s flagship SPD vanadium project in South Africa.
Bulk samples were treated using the proposed flowsheet and processing route.
A deal hinting-at the funding malaise and general investor disinterest in the speculative end of the resources market in Canada can be seen in Tolga Kumova-associated ASX company Pure Alumina buying Canadian company Polar Sapphire for C$25.75 million, including $12 million cash (reports MiningNews).
Polar is said to be a Toronto-based high purity alumina producer currently supplying seven customers utilising its patented processing IP via a pilot plant.
Chalice Gold Mines (ASX: CHN) is an “inexpensive option” on a major gold discovery, according to a new report by Toronto-based broker Red Cloud Klondike Strike Inc.
The Perth-based company has released encouraging reconnaissance drilling results from its Pyramid Hill Project in Victoria, where it has completed 19,500m of air-core and reverse circulation drilling.
Sprott US Holdings president Rick Rule believes the mergers and acquisitions cycle the mining sector is experiencing will accelerate and create a zen moment for investors (reports MiningNews).
American writer and philosopher Robert M Pirsig introduced his Metaphysics of Quality (MoQ) concept in his 1974 classic, "Zen and the Art of Motorcycle Maintenance: An Inquiry into Values". Pirsig's oft-quoted principle that, "quality tends to fan out like waves" sits comfortably with Rule's current investment philosophy.
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain split on whether the curbs should remain in place through the end of the year, according to officials (reports The Wall Street Journal).
The value of low-grade but bulk-tonnage porphyry copper/gold deposits has come into sharp focus for the local market as a result of Newcrest’s (ASX:NCM) $1.14 billion acquisition of a 70% interest in the Red Chris mine in British Columbia.
Currency values, rather than commodity and share prices, have emerged as the key force in shaping financial markets over the rest of 2019
Currency values, rather than commodity and share prices, have emerged as the key force in shaping financial markets over the rest of 2019, with the likelihood of a continued decline in the Australian dollar ensuring increased interest in gold.
Westpac Bank this week joined the “dollar down” club with a forecast of a slide in the Aussie currency to US68 cents over the remainder of the year, and while that might not be a big fall from its current US70.8c it would lift gold above $A1900 an ounce.