After a number of last minute delays, TNG has executed a critical native title agreement that will allow granting of the mining lease and subsequent development of the massive Mount Peake vanadium-titanium-iron project in the Northern Territory (reports MiningNews).
Base metal developer Venturex Resources (ASX: VXR) says it’s on the cusp of developing a new $146 million copper-zinc mine at its Sulphur Springs project in the Pilbara following the release of its eagerly-awaited definitive feasibility study this week.
First Au is planning a 3000m follow-up RC drill campaign after aircore drilling intersected probable supergene mineralisation over 4m grading 393 grams per tonne gold at the Gimlet gold exploration project next to Intermin Resources’ Teal project north of Kalgoorlie (reports MiningNews).
Italy is on the brink of a dangerous banking crisis as the red-blooded showdown between Brussels and Rome pushes the country's borrowing costs to a five-year high (writes Ambrose Evans-Pritchard in London’s Daily Telegraph).
Barring an outbreak of some serious merger and acquisition activity, the biggest news in coming months for the ASX-listed gold space is likely to be a resource and reserve upgrade for the Fosterville gold mine near Bendigo.
Shifting global economic leadership back to the US has started to play a role in commodity prices, with base metals and oil leading the way up this week while Australian resource stocks also benefited from a continued slide in the A-dollar.
While it is far too early to declare the US the winner in its trade war with China, the early signs point that way with the US central bank head, Jay Powell, predicting that economic expansion could “continue for quite some time”.