WHAT a right old mess Kula Gold finds itself in as it Woodlark Island gold project heads towards development.
THE fundamentals would suggest Potash West (ASX: PWN) has a fertiliser project of note in a world where increased demand for fertilisers looks a one-way bet.
MARK Parry, Rex Minerals’ managing director, doesn't sound too frazzled with the languishing share price of the company he leads. It’s not that he doesn’t care, of course he does, but Rex is far from being the only resource equity in the overloaded boat going out with the tide. And while most stocks just have to accept their fate in such a market, Parry and his team can at least potentially deliver Rex a significant market re-rate if they can nail down financing (for the Hillside project), as confidently expected, late this year.
YOU would expect nothing else than the managing director of a large undeveloped magnetite project to be bullish on the iron ore price. And so Marcus Flis, the managing director of Royal Resources (ASX: ROY) doesn’t disappoint. Still, if he’s right, Royal will make riches fit for a king, and if he’s wrong it could be a right royal doozy – to put it nicely.
MEXICO-focused Azure Minerals enjoyed a strong uptick in investor interest in January after high-grade drill results from its Promontorio copper project. An imminent new resource potentially doubling the fundamentals of the proposed development could help the re-rating continue, while the wildcard remains La Tortuga, a big porphyry target set to be drilled later this year.
FOR those who like their rare earths profitable, there are one or two key reasons, according to proponents, why Tanzania-focused Peak Resources (ASX: PEK) stands in the queue well ahead of most other potential producers.
LONDON-listed Ariana Resources has this week succeeded where several before it have failed in securing crucial permits, including those from the forestry department, to clear the path forward to development at its Red Rabbit project in Turkey.
ANALYSTS can see the undoubted positives of Rex Minerals’ proposed Hillside copper project in South Australia – location, location, location in particular – but they aren’t yet completely sold on the projected operating costs and are less than impressed with the news on sustaining capital.
WHILE most of it many uranium peers last decade have well and truly fallen by the wayside, Toro Energy has kept the course and is now on the cusp. Well thereabouts at least! And unlike the rather typical scenario whereby developers finally get into production just when the cycle is ending (no matter whatever the commodity in question), Toro may start its mining life at just the right moment.
NOVEMBER 12: FOLLOWING completion of the bankable feasibility study, the numbers look good for Venture Minerals developing the Mt Lindsay tin-tungsten-magnetite project in Tasmania, with funding the obvious remaining hurdle.
NOVEMBER 5: THE devil is in the detail and as all the details aren’t yet on the table, there’s still the chance of a scare or two. Even so Rex Minerals’ Hillside project displays the hallmarks of an operation-in-waiting ... though whether it ends up in the hands of an established producer rather than being an independent mine in its own right is open to debate.
WHILE it still feels a bit like waiting for the veritable Second Coming, the development of the world class Tampakan copper-gold deposit on Mindanao in the religious hotspot that is the Philippines could become a smidgen clearer this month. With the emphasis on smidgen!
EXPLORING for copper and gold in Mexico is like shelling peas for Tony Rovira compared to some of the work he’s done in Australia in the past – including helping to find the rich Cosmos nickel deposits in Western Australia. But getting recognition at home for Mexico’s appeal as a mining investment hotspot is not so straightforward despite the weight of statistical evidence he’s got at his disposal.
POTENTIAL mineral sands producer Image Resources probably hasn’t threatened any speed records moving its North Perth Basin project toward becoming a mining venture, but with promising ground picked up last year and a new managing director installed a few months back, the company would now seem to be very much reaching the home straight ... aka development stage.
VANADIUM, iron, titanium; flagship project with a three-year development horizon; and new processing technology a feature of the blueprint. For many juniors, this would be a doomsday scenario right now. But Paul Burton is out selling it with gusto, and not without some very good reasons it seems.
THE executive at the helm of one of the Australian resource sector’s bigger emerging successes of recent years points to some obvious and critical (yet evidently oft-overlooked) factors key to project development success.
AUGUST 8: CEO Mick Wilkes acknowledges that mentioning the Didipio gold-copper project in the company of investors invariably causes a “rolling of the eyes”. But scepticism about the long awaited and oft-stymied project in the Philippines owned by OceanaGold should now be fast dissipating, with first ore and very sizeable cashflows imminent.
EVENTS elsewhere around the world continue to ram home just why Rex Minerals (ASX: RXM) looks certain to become a major copper producer at the Hillside project in South Australia over the course of the next few years.
A PUBLIC viewing platform is one novel feature of this new bridge (pictured) built by Rio Tinto to allow it to expand production from its nearby Mesa A iron ore mine in northern Western Australia.