Power Nickel: ‘Very heavy core, full of metal, a monster hole’
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Exploration at Fiery Creek and Piper prospects: Aruma Resources' next steps in Queensland
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Resilience amid uncertainty: A golden quarterly perspective
As global uncertainties and economic shifts have unfolded, gold has danced through a symphony of highs and lows, reflecting investor sentiment and geopolitical tensions.?
At the start of the new financial year on 1 July 2024, gold’s spot price stood at $3,487 per ounce. Since then — driven by a weakening US dollar and rising hopes of a significant rate cut from the Federal Reserve in mid-September — the yellow metal has surged to unprecedented heights in the third quarter of 2024.
Gavin Wendt, founder of MineLife, tells Mining.com.au that this cycle of gold experiencing only brief retreats is one he doesn’t see ending in the near future.
Exploring vanadium's role in Australia's energy future | QEM Limited's Julia Creek Project
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Woomera, Kincora ready for ‘high-impact’ drilling in Mongolia
Woomera Mining (ASX:WML) will now begin initial drilling at Kincora Copper’s (ASX:KCC) Bronze Fox Copper–Gold Project in Mongolia after the pair finalised the recent earn-in and joint venture agreement.
Final documents have been completed and shareholders have approved the partnership, which gives Woomera the right to earn an 80% stake in the project by spending up to US$4 million ($5.8 million) over five years.
Woomera will drill 2,250 to 3,250m of diamond core to test the potential for a shallower higher-grade structural zone, expand the resource and support an application for a second mining licence for the entire Bronze Fox Project.?
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Current deposit leaves Clean Air breathless
Clean Air Metals (TSX-V:AIR) believes there is scope to increase the tonnage of the “high-grade” sections of the resource at Thunder Bay North Critical Minerals Project after receiving the latest drill results.?
Drilling at the Current deposit has returned intersections of 50.7m @ 4.52 grams per tonne (g/t) platinum, 4.38g/t palladium, 0.99% copper and 0.53% nickel – or 13.74g/t platinum equivalent and 4.36% copper equivalent – from 82m.
This intercept included a higher grade section spanning 30.7m @ 6.35g/t platinum, 6.10g/t palladium, 1.32% copper, and 0.69% nickel from 102m.
Power Nickel hits ‘jackpot’ at Nisk’s Lion Zone
Canadian explorer Power Nickel (TSX-V:PNPN) has hit the main mineralised structure within the Lion Zone of its flagship Nisk Project in Québec following a retargeting exercise.?
The company has released the second set of results obtained for three more holes in the summer 2024 drilling campaign at the polymetallic Lion Zone discovery.
These new results show the “biggest intersection yet” in hole PN-24-070 of 32m @ 0.45 grams per tonne (g/t) gold, 20.93g/t silver, 3.62% copper, 8.10g/t palladium, 2.47g/t platinum and 0.18% nickel – or 6.97% copper equivalent.
Q2 Metals looks to unlock Cisco’s full potential
Q2 Metals (TSX-V:QTWO) says additional assay results from its summer drilling program are continuing to confirm the potential and scale of the Cisco Lithium Property in Quèbec, Canada.
The latest assay results comprise seven holes for 2,318.4m of drilling, which returned ‘strong’ analytical results which includes 215.6m @ 1.69% lithium oxide, including 64.6m @ 2.29% lithium oxide.?
Q2 Metals reports the other highlight results include 81.8m @ 1.17% lithium oxide and 59.5m @ 1.18% lithium oxide.?
Solis Minerals builds on Peruvian copper portfolio?
Solis Minerals (ASX:SLM) has applied for 27 exploration concessions covering 25,600 hectares and is considered a copper porphyry mineralisation target, dubbed the Canyon Project in Peru.?
The Canyon Project sits on a northwest-southeast prospective trend with known porphyry occurrences outside of the application area.?
It contains a belt of intrusive rocks known as the Coastal Batholith that stretches from the Ecuadorian border in the north to the Chilean border in the south along the coast of Peru.?
Pivotal unlocks shallow precious metals potential
Pivotal Metals (ASX:PVT) has uncovered more “wide zones and high grades” as it advances towards a resource update at its copper-dominant Horden Lake Project in Québec.??
Drilling undertaken in the northern resource area has intersected a shallow wide zone of copper and nickel mineralisation, returning results like 39.7m @ 1.04% copper equivalent from 75.5m including 12.9m @ 2.25% from 98.1m in hole HN-24-119.
These new intercepts also contain “significant” precious metals and expand the northern section of the open pit deposit area, according to Pivotal.?
Uranium deals heat up as nuclear fever takes hold??
Although uranium spent much of the third quarter on a downward trend, Aurora Energy Metals (ASX:1AE) non-executive Chairman Peter Lester says the outlook for the market has strengthened considerably.
The uranium price slipped to its lowest point for 2024 of US$78 ($113) a pound in late August, down from over US$85 a pound at the end of June.?
However, Kazakhstan-headquartered Kazatomprom, the world’s largest uranium producer, in August cut its 2025 production forecast by around 17%, which is expected to have longer term ramifications.?
Rise and fall: Iron ore’s rocky ride continues
Iron ore’s rocky rollercoaster ride is set to continue in the near-term despite prices rising last week with overall September 2024 quarter spot prices falling to two-year lows on the back of weakness in global steel demand and declining steel production in China.??
The Department of Industry, Science and Resources’ (DISR) latest issue of its Resources and Energy Quarterly: September 2024 forecasts lower prices over the outlook period to 2026. This in turn will reduce Australia’s export earnings for the steelmaking ingredient by more than $30 billion this year, from $138 billion in 2023–24 to $107 billion in 2024–25, easing to $99 billion in 2025–26.?
Export volumes picked up in the June 2024 quarter amid improved productivity and the ramp-up of some newer mines. It is projected to increase by 1.7% annually over the next two years to reach 930 million tonnes in 2025-26.??
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Super funds deploying billions into nuclear weapons companies
At least $3.4 billion of Australian retirement savings are being deployed by super funds into companies involved in making nuclear weapons.
New research from The Australia Institute and Quit Nukes finds that despite claiming not to invest in ‘controversial weapons’, 13 of the top 14 Australian super funds are still investing in nuclear weapons companies – not to be confused with nuclear energy.
One of the 14 funds, Hostplus, has excluded such investments across its portfolio since December 2021.
Great Western’s high expectations circle back to Oval
Great Western Exploration (ASX:GTE) has completed preparations for an upcoming drilling program at the Oval and Oval South copper-gold targets, as part of the Yerrida North Project in Western Australia.?
The four hole diamond drilling program is scheduled to begin in two weeks once access has been re-established after heavy rainfall at the Paroo Station, which sits adjacent to the targets.?
Great Western, which has a market capitalisation of $14.79 million, interprets the Oval and Oval South targets to have multiple coincident features, representing potential metal-rich sulphide mineralisation and a “very large copper-gold discovery”.?
Great Boulder Resources strikes high-grade gold at Mulga Bill
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Gold Reaches New Highs, Brent Oil Drops, and Base Metals Rally as Data Floods In
In this episode of the Mining Minute, Shae Russell covers the latest movements in the commodities market.
Gold reached a new high of $2,685 per ounce before settling at $2,654, while silver held strong at $31.72.
Base metals like copper surged to $4.65 per pound, and zinc saw a 7.5% jump, all thanks to China's largest stimulus package since 2008.
True North Copper: ‘There’s a lot being found’ at Mt Oxide
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Gold forecasts surge, lithium shows recovery, and Fed hints at rate cuts for 2024
In today's Mining Minute, we explore the latest movements in gold, lithium, and iron ore markets, alongside updates from the Federal Reserve.
Perfect mix: Alchemy Resources finds JV chemistry with Japanese government
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‘Data Dan’ Petrie: Is the Chinese stimulus good for metals?
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Black Canyon beaming with Balfour black rock
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Oil rises, Zinc hits 12-month high, and what’s ahead for chocolate prices in 2025
In this episode of Mining Minute, Shae Russell covers key movements in the global commodities markets.
Oil surged by nearly 3% following missile attacks from Iran, lifting Brent crude to $74 per barrel.
Zinc reached a 12-month high, driven by optimism around Chinese stimulus efforts. Gold and silver saw gains amid escalating tensions in the Middle East, while agricultural markets saw wheat climb and cocoa futures hit a six-month low.
Astron: Personnel, partnerships, permitting, and a pathway towards production
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Pivotal Metals: ‘Evidence mineralisation continues even further’
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Power Nickel: Nisk Lion Zone now roaring into life
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Uranium prices rise, gold stays steady, and base metals benefit from Chinese stimulus
Key Highlights
Executive Producer - Real Estate -Finance- Mining- Hemp
1 个月Ryan Painter
Also Featuring: Jason McBride and the team at Q2 Metals Corp. ? Mike Parker and the team at Solis Minerals Ivan Fairhall and the team at Pivotal Metals Ltd (ASX:PVT) Peter Lester and the team at Aurora Energy Metals? Andrew J Vigar and the team at Terra Uranium? Alice Grundy and the team at The Australia Institute Shane Pike and the team at Great Western Exploration Limited? Bevan Jones and the team at True North Copper Brendan Cummins and the team at Black Canyon Limited Tiger Brown and the team at Astron Corporation Limited