HIGHLIGHTS CEO Adam Kiley commented: “Key to the initial phase of the debt financing process was confirmation of our major funding assumptions, which assumed gearing levels of between 65% to 70%, equating to between $200 million and $225 million, equipment selection, due diligence requirements and the funding timetable. Confirmation of these key assumptions in such...
Tag: investing news
LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher
The restrictions apply to copper, nickel and aluminum, and were passed down by the US Department of the Treasury and the British government on April 12. They are also in place for the Chicago Mercantile Exchange (CME). This move aims to curb financial flows that fuel Russia’s military activities in Ukraine, which began in February...
Awalé Resources CEO Touts Odienné Project’s Potential for "Big Gold-Copper System"
“It’s a (really) significant drill hole. We were testing a new sort of 3D framework at that target. We drilled holes there and got 50 to 100 meter intercepts … We adjusted our interpretation and went in to test that, and found that it’s a breccia system. We found a new breccia pipe and got...
Asra Declares Maiden MRE for Yttria Ree Deposit
Highlights: The MRE of 15Mt at 490ppm Total Rare Earth Oxide (TREO) with 67ppm scandium oxide (Sc2O3) covers the first 2km of strike at the Yttria REE Deposit, with 55% of the tonnes within the Indicated JORC Category. The MRE has an exceptionally high ratio of 55% Heavy Rare Earth Oxides (HREO) incorporating high value...
Q1 FY24 Revenue Update
Highlights: Health House Australia also provided strong contributions of $1.8m in revenues utilising its position as a trusted supplier within the growing Australian medical cannabis landscape. During Q1 and Q2 the group signed on a variety of new suppliers and looks forward to introducing the Health House Wellness Clinic in Q2 of FY24 (refer to...
Gold Price Update: Q1 2024 in Review
The gold price hit record levels in the first three months of 2024. Opening the period on January 2 at US$2,041.20 per ounce, the yellow metal was coming off previous highs set in December 2023. Gold remained rangebound for the first two months of the year, staying above the US$2,000 level until it briefly broke...
Don Hansen: Gold, Silver Price Potential Not Just Hype, History Backs Up Gains
Private investor Don Hansen has honed his resource sector investment approach for more than 20 years, and he shared his latest research in a conversation with the Investing News Network. He discussed the relationship between the gold price and US money supply from 1970 to the present, showing how they diverged in previous bull markets...
Mineral Resource Update – Mt Boppy Gold Project
Highlights: Dennis Karp, Manuka’s Executive Chairman, commented: “The Sonic Drilling Program was critical precursor to the recommencement of the processing of rock dumps and dry tailings at Mt Boppy. The results of this program have been extremely positive allowing us to significantly improve the confidence of our Mt Boppy Resource. Consequently, Manuka is confident in...
E25 Presents at Paydirt Battery Minerals Conference – April 2024
This presentation contains only a brief overview of Element 25 Limited and its associated entities (“Element 25″) and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Element 25’s projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this...
Top 4 ASX Lithium Stocks of 2024
In contrast to the volatility of 2023, Q1 2024 saw a more stable lithium market. Prices for lithium carbonate started the period at US$13,377.44 per tonne and finished at US$14,874.31, marking an 11 percent increase. Strong electric vehicle sales in January helped support prices for the important battery metal, which continued to rise through February...