News

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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Pilbara Minerals' response to slower than expected customer demand growth means the miner is tempering output and trying to optimise operations at its Pilgangoora mine in the Pilbara, positioning itself as a more resilient operation (reports MiningNews). The company increased 6% spodumene concentrate production quarter on quarter from 52,196 tonnes to 63,782t, while shipments increased some 4600t to 42,214t. Tantalite concentrate sales of were up some 8200 pounds to 38,538lb. It was not all bad news.

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Liontown Resources has been hard rock lithium’s shining light this year (reports Stockhead). In late April the stock was worth a touch over 2c. Now it’s over 15c – an impressive gain of 530 per cent over the past few months.

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PolarX shareholders have plenty to get excited about as a highly-leveraged drilling program gets under way at its Alaska Range copper-gold project, a new research report says (reports Stockhead).

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Plus, Liontown morphing into lithium city as new research report says the hot stock is just warming up

It is wrong to think that it has been a case of total gloom and doom for lithium equities since January. The sector is down by 50%-plus on fears of over-supply well in to the 2020s and operational shortcomings at the newer operations. It has not mattered that one by one, the world’s biggest auto groups have been pinning their futures to the electric vehicle revolution. In a global market in which two million EV units were sold last year, VW reckons it will do five million units itself in 2025. Same with Toyota, and others have been chiming in.

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Uranium tried to snatch the headlines this week courtesy of intervention by the US President, Donald Trump

  Uranium tried to snatch the headlines this week courtesy of intervention by the US President, Donald Trump, but it was a far richer American, Ray Dalio, who picked the winner when he said gold was the place to be in an unstable world. Ranked as the world’s 58th richest person with a fortune estimated at $US18.4 billion, Dalio is the founder of Bridgewater Associates, one of the world’s biggest investment funds, and not a person who has previously been associated with gold.

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Calidus Resources has prudently opted for a more conservative 1.25moz Warrawoona gold project pre-feasibility study

Calidus Resources has prudently opted for a more conservative 1.25moz Warrawoona gold project pre-feasibility study, in the wake of a number of failed or underperforming Australian gold developments (reports Stockhead).

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Dacian Gold’s Mt Morgans operation has met its revised guidance for the June quarter (reports MiningNews). Mt Morgans produced 36,658 ounces of gold at an all-in sustaining cost of A$1519 an ounce.The figure fell within revised guidance of 36,000-38,000oz at AISC of $1500-1600/oz.

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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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