Explorer Battery Minerals reckons its second advanced graphite project, called “Balama Central”, will generate decent profits and cost just $97 million to build (reports Stockhead).
Graphite is looking to be their way into the popular lithium-ion battery market: today, demand for graphite is primarily driven by the steel market but rapid growth in the lithium-ion battery industry is driving demand for both natural flake graphite and synthetic graphite.
Each lithium-ion battery requires 60kg of graphite – more than twice the amount of lithium needed.
Gold stormed back to the top of the Australian investors’ hit parade this week as the rolling chaos caused by the US President, Donald Trump, infected bond markets with a shock fall in interest rates – driving investors to an overlooked safe haven.
A combination of the improving outlook for the gold price and the recent sell-off in Dacian Gold shares presented a compelling opportunity for investors, Blue Ocean Equities senior analyst Steuart McIntyre says.
There’s barely been a mention of it in the Australian media, but a $70 billion LNG construction boom is about to kick-off in Mozambique – and there is only one ASX-listed company which gives investors a direct exposure to this enormous opportunity (reports Stockhead).
Emerging gold company EganStreet Resources (ASX: EGA) has delivered a 13% increase in its high-grade Resource base from 401,000oz to 454,000oz, demonstrating the high-grade nature of its flagship Rothsay gold project in WA and its potential to deliver a low-cost, high-margin operation, says Sydney analyst Gavin Wendt.
A meeting with EganStreet Managing Director Marc Ducler has provided him with confidence that the company is “well on track” to successfully bring the Rothsay project into production, says Wendt.
A reluctant Rio Tinto should do itself a favour and look at how Anglo American’s Aussie expat chief executive Mark Cutifani recently handled rampant speculation that the company had made a big copper-gold discovery (writes Barry FitzGerald on MiningNews).