News

High purity alumina (HPA) supply will not meet estimated demand over the next decade — even if every project in the pipeline goes into production (reports Stockhead). Last year, HPA was a niche industry building some momentum as analysts predicted a lithium-ion battery charged shortfall. That’s because one of HPA’s fastest growing uses is coating the separators that keep apart the cathode and anode electrodes in lithium-ion batteries: Last week, a report by CRU acknowledged that previous demand predictions were too conservative.

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Plus, Marenica buys straw hats in uranium winter

Sunstone (ASX:STM) had a big day out on Tuesday when it updated the market on drilling progress at its multi-target Bramaderos project in southern Ecuador, well away from all the drama up north where 10,000 garimpeiros are said to have overrun a Gina Rinehart exploration property. More than 30 million shares were traded and the stock fell from 4c to 3c on the progress report, with day-trader types, who had presumably taken up positions in the hope of a one hole-discovery, heading for the exit.

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Iron ore and gold marched higher this week for different reasons

Iron ore and gold marched higher this week for different reasons and while a continuation of gold’s upward move seems assured, the first sign of an end to the iron ore boom came in the form of a forecast from a big bank that the commodities super-cycle has returned. Westpac, Australia’s oldest bank, said growth in the domestic Chinese economy coupled with the rise of India and Indonesia seemed poised to launch the next phase of the super cycle.

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Acquisitive copper miner Sandfire Resources appears to be building a strategic stake in Balkan States

Acquisitive copper miner Sandfire Resources appears to be building a strategic stake in Balkan States-focused explorer Adriatic Metals (reports The West Australian). A change in substantial shareholder notice lodged with the ASX yesterday showed the Karl Simichled miner had bought more than $5 million worth of Adriatic shares on the market over the past week, lifting its holding from 7.7 per cent to 11 per cent.

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Get out your crowbars, Sunstone Metals (ASX:STM) is about to prise open the core of a potentially big copper-gold porphyry system

Get out your crowbars, Sunstone Metals (ASX:STM) is about to prise open the core of a potentially big copper-gold porphyry system in Ecuador (reports Stockhead). The company revealed today results from a second hole at the Limon prospect, part of the larger Bramaderos project, delivered a hit of 267m at 0.05 grams per tonne (g/t) gold, 750 parts per million (ppm) – or 0.08 per cent — copper and 22ppm molybdenum. This includes a 14m intercept at the bottom of the hole that recorded 0.1g/t gold, 0.2 per cent copper and 41ppm molybdenum.

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The next key catalysts for base metals developer Orion Minerals (ASX: ORN) will be approvals and financing for its flagship Prieska Copper-Zinc Project in South Africa, according to Sydney-based institutional broker Petra Capital

The next key catalysts for base metals developer Orion Minerals (ASX: ORN) will be approvals and financing for its flagship Prieska Copper-Zinc Project in South Africa, according to Sydney-based institutional broker Petra Capital. Petra Capital analyst Craig Brown has reiterated his BUY recommendation for the stock, with a revised target price of 12c-a-share (compared with a current share price of 3c), following the recent release of a Bankable Feasibility Study which it says has confirmed a “robust, high-margin development” at Prieska.

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Strategic metals company TNG Limited has signed a binding heads of agreement with the operator of the Darwin to Tarcoola rail line, Genesee & Wyoming Australia, to haul material from the Central Australian Mount Peake mine more than 1100km to a processing facility in Darwin (reports The Sydney  Daily Telegraph).

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For Australia’s mining industry, the macro conditions have been pretty strong in the first half of the year (reports Stockhead). Iron ore prices have pushed to new record highs, while gold cleared $2,000 an ounce for the first time ever. For the listed junior explorers and mining companies that make up the small cap resources index, it makes for an interesting operating environment.

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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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