Tag: shares

Effective asset finance tips for expanding your mining services business

Effective asset finance tips for expanding your mining services business

Peripheral, yet essential mining services are booming alongside mining itself. Exploration is increasing alongside commodity prices – and if you are looking to expand your mining services business to take advantage of the rush, you need to finance your assets the right way. Options to expand your operation is to buy your plant outright instead of hiring it ad hoc. You may need an entire fleet of vehicles or plant that are up to mine spec. What options are out there? One way is to seek fleet and equipment asset finance. Chattel mortgages and hire purchases Chattel mortgages and hire purchases are finance products oriented toward eventual or immediate ownership of a vehicle. A chattel mortgage is a type of...

Can Latin Resources’ JORC take it up to Andromeda

Can Latin Resources’ JORC take it up to Andromeda

Latin Resources (ASX: LRS) this week announced a 207mt maiden JORC resource estimate at its 100% owned Noombenberry Halloysite-Kaolin Project. LRS has named its first deposit the Cloud Nine Deposit - the first Kaolin-Halloysite deposit defined within the company’s larger Noombenberry Project. The Could Nine deposit is located on the company’s 100% owned exploration licence E70/2622, which is situated approximately 350 kilometres to the east of Perth and to the south-east of the town of Merredin. The resource looks to be better than $475M capped Andromeda’s 210mt resource. A global Inferred Mineral Resource estimate for the Cloud Nine Deposit of 207 million tonnes of kaolinised granite has been reported by RSC, using an ISO Brightness (“ISO-B”) R457 cut-off of 75....

Titan divests assets to focus on flagship Ecuadorian gold project

Titan divests assets to focus on flagship Ecuadorian gold project

Titan Minerals Ltd (ASX:TTM) this week came to agreement to divest its non-core assets in Peru. In doing so, the company is now freed up to focus on its key Ecuadorian assets, including the development of its flagship Dynasty Gold Project and the Copper Duke Project in Ecuador. Dynasty is an advanced stage exploration project located in the Loja Province of southern Ecuador currently hosting a 2.1Moz Au foreign resource estimate averaging 4.5g/t gold reported in compliance with Canadian NI 43-101 standards. Titan reported assay results in July for diamond drilling completed at the Dynasty Gold Project that further support an emerging large-scale gold system and extend known mineralisation that remains open in multiple directions and at depth. The commencement...

Can SVD follow Greatland Gold’s footsteps in Paterson Province?

Can SVD follow Greatland Gold’s footsteps in Paterson Province?

Investors are rushing into gold stocks as the precious metal continues to hit new highs. The gold price is now above AU$2,000/oz, for the first time ever, and it seems to have plenty more in the tank with forecasters tipping a rise to US$3,000/oz within a year. Just like the gold price, Western Australia’s Paterson Province is taking centre stage. Heavyweights Rio Tinto (ASX: RIO), Newcrest Mining (ASX: NCM), and IGO Ltd (ASX: IGO) each have a slice of prospective ground in this booming WA gold province and cash is pouring into the region. Outside of the ASX, one of the biggest gold stories out of the Paterson Province is that of London-listed Greatland Gold’s (AIM: GGP) Havieron discovery, which...

Fraser Range nickel junior commences drilling program

Fraser Range nickel junior commences drilling program

DRILLING is underway at Galileo Mining Ltd.’s (ASX: GAL) Fraser Range Nickel Belt tenements, which are highly prospective for nickel-copper sulphide deposits similar to the operating Nova mine. Anticipation ahead of the drilling program has been building with the company’s share price gaining more than 50% in July alone: investor attention has tuned into the Fraser Range, along with Galileo’s highly prospective nickel targets. The commencement of Galileo’s drilling program is lining up nicely with nickel price forecasts. Research firm Wood Mackenzie anticipates nickel consumption in electric vehicle batteries to soar 64% by 2025 from 2019 levels. Supporting that view is Elon Musk’s call last week for a lift in the mining and production of nickel. Musk said Tesla will...

Gold production in sight at Classic Minerals’ Kat Gap WA project

Gold production in sight at Classic Minerals’ Kat Gap WA project

AFTER intersecting a new high grade gold lode at its Kat Gap Project, Western Australian gold exploration and development company, Classic Minerals Limited (ASX:CLZ) has shifted its focus to preparing the project for production. The Kat Gap Gold Project is part of the group’s Forrestania Gold Project (FGP), located about 50 kilometres to the south-east of FGP’s Lady Ada and Lady Magdalene, where the main thrust of exploration at the Forrestania belt has taken place to date. The recent major discovery at the 100% owned Kat Gap tenements saw Classic identify very significant high-grade gold intersections, making it the main focus of Classic’s exploration, which designated Kat Gap as its “flagship project”. The company recently completed a total of 21...

Vulcan Energy Resources strengthens its European lithium project through sustainability initiatives

Vulcan Energy Resources strengthens its European lithium project through sustainability initiatives

VULCAN Energy Resources (ASX:VUL | FWB: 6KO) has doubled its share price since its low point in March, when COVID-19 struck global markets. The company’s recovery on the market, is due to the work it is doing to help the world become a more sustainable place. When COVID-19 struck, Vulcan’s stock was sold off to as low as 15¢ per share amid the uncertainty, having climbed to 38¢ per share — an almost 150% gain from the start of the year. Since then, buyers have begun to return to the stock, more than doubling the company’s share price from its March lows. Further gains are predicted, with German research house Alster Research setting a price target of $2.45 (€1.45) per...

Is uranium the next commodity to run? $4.6M ASX micro cap explorer GTi Resources looks highly leveraged

Is uranium the next commodity to run? $4.6M ASX micro cap explorer GTi Resources looks highly leveraged

In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023. In other words, there is a looming uranium supply and demand mismatch and the Association believes the uranium industry is only a couple of years away from firing again, leaving behind fears of another Fukushima. There is reason to be positive about nuclear energy: it could play a crucial role in the decarbonisation of the world. Such is the shift in thinking around nuclear’s role to combat climate change, that Microsoft co-founder Bill Gates is making the rounds in Washington to persuade the US Congress to spend billions of...