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Exclusive: Sustainable mining with Tega DynaPrime™ liners

Tega Industries mill linings provide optimal grinding solutions for major mineral processing plants. Grinding mills, especially SAG mills, are often exposed…

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This article was originally published by Mining News

Tega Industries mill linings provide optimal grinding solutions for major mineral processing plants. Grinding mills, especially SAG mills, are often exposed to wear and tear caused by impact and abrasion during milling.

As such, mill liners are essential for milling machines because of their ability to protect mills from severe wear and tear that takes place during the milling process.

According to Vishal Gautam, GM at Tega Industries, DynaPrime™ liners have various advantages such as easier handling of the liners and increased mill availability. Gautam further adds that this range of mill liners gave Tega a competitive advantage, which encouraged the company to tackle bigger mills in the global market. The company has since become a dominant player in the market with its DynaPrime™ liners.

Tega DynaPrime™ and sustainability

In addition to having numerous advantages for grinding mills and processing plants, Tega DynaPrime™ also contributes to sustainability in the mining industry. Gautam outlines three ways in which DynaPrime™ supports a sustainable mining environment.

1. Bigger and lighter

DynaPrime™ is bigger and lighter compared to a steel liner and has a reduced installation time. Gautam explains that instead of one particular processing plant waiting between seven and nine days for the installation of liners, waiting time has been reduced to approximately three days with DynaPrime.™ As a result, mines gain additional production days, as they need not experience downtime due to liner installation. “For a mine, getting extra days of production with every installation is a huge advantage,” Gautam says. 

2. Less manpower and increased safety

DynaPrime™ liners do not need vast manpower for installation. “Back in the day you’d need five to ten people to install steel liners inside the mill. Now, you can reduce that number to do the installation of such liners,” Gautam explains. During the installation of the liners, safety aspects of the liner have been improved whereby its installation can take place from the outside the mill, with fewer people needed inside. This further improves the safety aspects around the mill as well. “That is a very big advantage for any mine operation or processing plant. To have an injury on-site for any reason is not sustainable because the life of a person has value more than anything else.”

3. Reduced mine stoppages

Depending upon the operating conditions, the liners often last longer than steel liners, and mines can run more continuously, avoiding regular stoppages during the year. “The duration of the stoppages is something we have improved on, while the number of stoppages yearly is also being reduced,” Gautam says. Fewer stoppages subsequently lead to increased tonnage production, which leads to more revenue for mines. Servicing, product quality and design of Tega DynaPrime™ take on a customer-centric approach. “That’s how we are bringing in the product, supporting the customers, and increasing their mine life. And that’s how we are doing our bit to improve environmental sustainability,” Gautam concludes.

This article was first published in Inside Mining’s Sustainability Vol 3 issue.

The post Exclusive: Sustainable mining with Tega DynaPrime™ liners first appeared on Mining News.

Author: Dineo Phoshoko

Economics

Nickel, Industrial Metals Rise As Optimism on China Returns 

Base metals are on the rise after a series of positive announcements…

Nickel, Industrial Metals Rise As China Property Optimism Returns 

Base metals are on the rise after a series of positive announcements over the week has brought new optimism to China’s property sector. 

On Thursday, Nickel paced gains by most industrial metals on the London Metal Exchange, rising 2.5%. As shown below, spot prices for Nickel are moving higher as inventories continue to shrink, pointing to mounting supply tightness. 

“Nickel now looks to be the new game in town with stocks falling daily,” Malcolm Freeman, a director at Kingdom Futures, wrote in a note. “For now the bullish mood persists and there seems little point in going against it in the very short term.”

As global refined-nickel inventories continue to draw down, prices face volatility, trending toward gains, Huatai Futures Co. wrote in a note. 

Earlier this week, iron ore futures trading in Singapore bounced back over $100/ton after reports of Chinese regulators dialing back crackdowns on the property market could soon lift steel demand and improve profitability for steelmakers. There’s also chatter the People’s Bank of China could unleash stimulus amid the economic growth slowdown in the world’s second-largest economy.  

“The market has higher expectations for steel production to resume,” Huatai Futures Co. wrote in another note. Property is a leading source of industrial metal demand in the country. 

Bloomberg Industrial Metals Subindex (BCOMIN) has broken out to an all-time-highs, surpassing 2007 and 2011 highs. 

Positive developments appear on the macro front as the PBoC could be close to easing and Beijing dials back on regulatory crackdowns. Institutional investors are also getting in on the action as China’s high-yield bonds have had a bid this month. 

Suppose the Chinese government continues to offer policy support to heal the ailing property market, which it crushed this year through regulatory crackdowns. In that case, this could mean industrial metals will rise some more, adding to inflation. 

Tyler Durden Thu, 11/25/2021 – 22:45

Author: Tyler Durden

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Articles

Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out?

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that … Read More
The post Gold Digger:…

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’.

Gold is an ‘inflation hedge’; an investment that ostensibly protects the buyer from decreased purchasing power of a currency due to rising prices.

Which is happening right now, everywhere.

Any jubilation from gold bugs was short-lived however, with the reappointment of Jerome Powell as chair of the US Federal Reserve sending gold crashing back to $US1,785/oz. Ouch.

Why? The market believes that Powell will begin raising interest rates – the cost to borrow money — sooner than if competitor for the job Lael Brainard had been given the chair. Earlier rate hikes dampen inflation expectations.

Brainard, who was appointed vice chair, will still have significant influence.

Former geologist and experienced stockbroker Guy Le Page says it is clear that the broader market is not convinced that gold’s short to medium term price outlook is positive with Swap Dealer Net positions still in decline.

Figure 3: Gold EFT inflows (Source: Bloomberg, November 2021)

A ‘swap’ is basically a forward contract or a futures contract, he says.

If the position is net long, then it implies that there are more forward contracts (or calls) betting gold will go up. A net short position is basically selling a call, or a futures contract with a view of buying back after gold has fallen.

“So, in this case, even with gold rising, it appears that the long and short positions were closely balanced with probably slightly more short positions in play — i.e., the majority of positions were betting on a decline in the gold price,” he says.

Le Page still reckons “Jerome ‘money printer’ Powell” is good for gold in the long term.

“Given Powell has the US economy sailing on an easy monetary trajectory straight into the eye of an inflation hurricane (already at 6.2%, a 31-year high), I think his appointment will ultimately be good for gold,” he says.

Hang tight, gold bugs.

USD (dark) and AUD (light) gold prices over the past 12 months. Sources: FastMarkets, ICE Benchmark Administration, Thomson Reuters, World Gold Council

 

Winners & Losers

Here’s how ASX-listed gold & silver stocks are performing:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop

>>> Stocks missing from this list? Email [email protected]

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % SHARE PRICE [INTRADAY FRI] MARKET CAP
E2M E2 Metals 46 49 3 -55 0.35 $ 54,169,636.68
WCN White Cliff Minerals 38 20 20 -44 0.018 $ 8,275,142.38
SFM Santa Fe Minerals 35 50 32 9 0.12 $ 8,738,254.68
KNB Koonenberry Gold 29 0 0.18 $ 12,970,339.90
MLS Metals Australia 25 25 25 25 0.0025 $ 13,096,393.40
KWR Kingwest Resources 24 74 147 47 0.235 $ 50,738,210.25
SRN Surefire Resources 20 -20 -52 -61 0.012 $ 13,251,724.91
KRM Kingsrose Mining 20 55 49 150 0.085 $ 63,510,639.62
SMI Santana Minerals 16 34 191 76 0.335 $ 43,770,305.04
BMR Ballymore Resources 15 -8 0 0 0.23 $ 15,367,787.42
WWI West Wits Mining 15 -16 -56 -51 0.036 $ 58,177,676.13
MDI Middle Island Res 14 0 -5 -65 0.105 $ 12,853,913.31
XTC Xantippe Res 13 13 125 125 0.0045 $ 25,478,527.51
SIH Sihayo Gold Limited 13 -10 -36 -53 0.009 $ 33,169,152.72
GSR Greenstone Resources 11 15 50 -3 0.03 $ 23,405,281.98
MKG Mako Gold 10 10 18 5 0.11 $ 40,135,368.21
BBX BBX Minerals 10 -8 -38 -51 0.165 $ 73,283,436.00
SBR Sabre Resources 10 10 10 -54 0.0055 $ 9,291,225.07
MHC Manhattan Corp 10 0 -15 -62 0.011 $ 15,262,786.93
MEG Megado 10 0 -39 -41 0.1 $ 4,304,879.80
HRN Horizon Gold 10 -13 -25 -3 0.4 $ 42,676,806.40
NWM Norwest Minerals 9 -1 -15 -11 0.081 $ 15,171,011.10
RDT Red Dirt Metals 9 2 370 131 0.705 $ 182,119,334.93
FG1 Flynngold 9 27 0.19 $ 12,052,849.50
M24 Mamba Exploration 7 5 -6 0.22 $ 8,140,000.00
CAZ Cazaly Resources 7 2 -16 0 0.046 $ 15,891,220.48
IDA Indiana Resources 7 12 -14 -6 0.065 $ 28,239,052.40
ARL Ardea Resources 6 5 9 21 0.5 $ 71,777,793.88
AGS Alliance Resources 6 -13 0 1 0.17 $ 35,362,912.78
QML Qmines Limited 5 3 -1 0.39 $ 21,188,038.56
CMM Capricorn Metals 5 17 68 79 2.99 $ 1,084,994,918.69
BNR Bulletin Res 5 7 18 12 0.08 $ 21,307,663.74
VAN Vango Mining 5 0 -11 -14 0.062 $ 78,116,133.18
BGD Bartongoldholdings 5 24 0.21 $ 18,455,599.14
S2R S2 Resources 5 139 31 -21 0.21 $ 78,402,468.10
OKR Okapi Resources 4 -17 133 188 0.49 $ 54,885,745.74
ADV Ardiden 4 14 14 -40 0.0125 $ 25,840,024.27
BTR Brightstar Resources 4 2 59 -7 0.051 $ 28,967,865.03
PGD Peregrine Gold 4 0 14 0.395 $ 13,271,524.03
GBR Greatbould Resources 4 -20 27 166 0.14 $ 51,799,192.31
HRZ Horizon 4 8 17 27 0.14 $ 79,516,528.00
CDT Castle Minerals 4 45 81 142 0.029 $ 24,621,650.23
SKY SKY Metals 4 -11 -48 -54 0.088 $ 33,156,945.36
VRC Volt Resources 3 -3 -25 200 0.03 $ 76,785,537.50
POL Polymetals Resources 3 15 0.15 $ 5,911,405.20
CYL Catalyst Metals 3 4 3 -14 2.17 $ 213,648,918.91
GML Gateway Mining 3 -6 -29 -35 0.017 $ 38,089,182.91
ADN Andromeda Metals 3 -5 -17 -40 0.175 $ 397,396,327.36
PUR Pursuit Minerals 3 4 -46 157 0.036 $ 31,858,473.14
CY5 Cygnus Gold Limited 3 33 20 -8 0.18 $ 20,953,432.98
RML Resolution Minerals 3 -12 -26 -53 0.0185 $ 12,142,782.08
M2R Miramar 3 5 5 -29 0.205 $ 10,212,079.10
DTR Dateline Resources 2 -1 19 137 0.089 $ 38,975,926.20
SFR Sandfire Resources 2 9 -6 48 6.17 $ 2,586,985,744.83
SVY Stavely Minerals 2 19 -16 -39 0.525 $ 139,614,376.82
MOH Moho Resources 2 0 -29 -43 0.06 $ 7,546,524.12
STK Strickland Metals 1 -20 184 -17 0.071 $ 96,369,942.36
EMR Emerald Res NL 1 9 18 88 1.1 $ 559,205,969.60
NAG Nagambie Resources 1 8 23 62 0.081 $ 37,494,925.95
BNZ Benzmining 0 -9 -10 0.6725 $ 34,440,673.91
ZNC Zenith Minerals 0 -6 -15 104 0.235 $ 76,093,976.43
TRM Truscott Mining Corp 0 -9 3 52 0.032 $ 5,317,954.04
PF1 Pathfinder Resources 0 -12 -12 46 0.285 $ 16,467,513.10
NMR Native Mineral Res 0 -3 -11 14 0.25 $ 8,316,366.00
AYM Australia United Min 0 0 11 11 0.01 $ 18,425,774.85
SI6 SI6 Metals Limited 0 -15 0 10 0.011 $ 15,709,583.84
PKO Peako Limited 0 9 -38 4 0.025 $ 7,711,352.53
AQI Alicanto Min 0 0 21 4 0.145 $ 55,493,474.47
SMS Starmineralslimited 0 0.175 $ 4,593,750.00
AM7 Arcadia Minerals 0 13 0.22 $ 7,011,000.00
AWJ Auric Mining 0 -7 -18 0.135 $ 7,569,363.20
OZM Ozaurum Resources 0 -9 -19 0.15 $ 8,582,400.00
KGM Kalnorth Gold 0 0 0 0 0.013 $ 11,625,120.78
LNY Laneway Res 0 20 20 0 0.006 $ 23,424,395.60
G50 Gold50Limited 0 13 0.27 $ 14,089,040.28
LM8 Lunnonmetalslimited 0 -9 0.36 $ 27,193,055.38
NAE New Age Exploration 0 0 -31 -4 0.011 $ 15,794,888.01
RDN Raiden Resources 0 -4 4 -8 0.024 $ 34,383,182.60
PNX PNX Metals Limited 0 -7 -13 -13 0.007 $ 23,739,257.82
GED Golden Deeps 0 -8 9 -14 0.012 $ 9,310,217.28
MBK Metal Bank 0 -6 -6 -14 0.009 $ 10,701,614.74
KTA Krakatoa Resources 0 -5 -2 -15 0.057 $ 16,798,465.27
DCX Discovex Res 0 0 -17 -17 0.005 $ 11,558,988.34
CGN Crater Gold Min 0 0 6 -19 0.017 $ 20,867,429.74
CTO Citigold Corp 0 0 -9 -23 0.01 $ 28,336,590.91
GUL Gullewa Limited 0 -1 -8 -24 0.08 $ 15,229,848.00
TSC Twenty Seven Co. 0 -25 -10 -25 0.0045 $ 11,973,662.57
WRM White Rock Min 0 -6 -45 -25 0.31 $ 44,164,389.32
ALY Alchemy Resource 0 0 -17 -26 0.013 $ 12,380,483.57
OAU Ora Gold Limited 0 6 -26 -26 0.016 $ 13,473,523.55
BAT Battery Minerals 0 7 -21 -29 0.015 $ 29,444,835.46
SNG Siren Gold 0 -5 30 -30 0.37 $ 30,296,536.29
AAR Anglo Australian 0 5 -5 -33 0.09 $ 54,848,489.99
GWR GWR Group 0 -32 -56 -34 0.105 $ 31,792,576.52
GRL Godolphin Resources 0 0 -15 -42 0.145 $ 12,196,134.30
TRY Troy Resources 0 0 -21 -56 0.037 $ 30,073,993.35
AQX Alice Queen 0 0 -29 -66 0.01 $ 13,702,230.10
DGO DGO Gold Limited -1 2 -16 -2 2.95 $ 247,497,890.31
PRS Prospech Limited -1 -4 -47 0 0.074 $ 4,823,394.37
LEX Lefroy Exploration -1 -19 -70 73 0.355 $ 47,391,795.78
SAU Southern Gold -2 -12 -12 -34 0.065 $ 13,866,369.14
KAI Kairos Minerals -2 -5 -14 -21 0.0285 $ 48,758,894.60
TBR Tribune Res -2 0 -2 -21 4.95 $ 259,716,981.15
GSM Golden State Mining -2 -7 -27 -60 0.098 $ 8,308,798.50
DTM Dart Mining NL -2 -17 -32 -46 0.095 $ 11,826,638.35
AMI Aurelia Metals -3 -3 -4 -4 0.39 $ 481,841,589.84
CWX Carawine Resources -3 -12 -25 -28 0.19 $ 25,861,303.37
AAU Antilles Gold -3 -6 9 29 0.074 $ 22,496,367.11
PRX Prodigy Gold NL -3 3 -31 -32 0.036 $ 20,974,593.82
PAK Pacific American Hld -3 3 -6 -22 0.0175 $ 8,123,915.83
TBA Tombola Gold -3 -21 -30 -15 0.033 $ 23,948,903.55
PUA Peak Minerals -3 -13 -13 -28 0.0165 $ 14,276,841.92
PNR Pantoro Limited -3 52 31 64 0.32 $ 479,229,557.32
NSM Northstaw -3 7 -9 -28 0.32 $ 12,840,640.00
KCN Kingsgate Consolid. -3 -13 55 112 1.42 $ 312,061,838.73
BCN Beacon Minerals -3 -2 -13 -3 0.0315 $ 113,124,689.75
EM2 Eagle Mountain -3 -21 -44 72 0.575 $ 126,281,421.20
XAM Xanadu Mines -4 0 -55 -27 0.027 $ 36,512,094.75
MAT Matsa Resources -4 -8 -31 -53 0.054 $ 20,772,967.96
FFX Firefinch -4 7 72 368 0.655 $ 605,217,980.90
AUT Auteco Minerals -4 -6 -21 -17 0.076 $ 129,989,778.07
AZS Azure Minerals -4 4 47 -54 0.375 $ 117,699,573.98
HAW Hawthorn Resources -4 92 100 -4 0.096 $ 36,686,717.43
OBM Ora Banda Mining -4 -23 -65 -74 0.075 $ 74,041,062.38
NCM Newcrest Mining -4 -5 -15 -9 24.01 $ 19,688,253,175.97
WMC Wiluna Mining Corp -4 6 -1 -20 1.1025 $ 174,938,014.23
TAM Tanami Gold NL -4 -3 -4 -5 0.069 $ 81,081,696.17
TNR Torian Resources -4 -18 -47 -32 0.023 $ 25,019,529.08
DEG De Grey Mining -4 9 -21 28 1.24 $ 1,758,029,406.25
MEU Marmota Limited -4 -2 -2 5 0.043 $ 43,123,577.90
BDC Bardoc Gold -4 -7 -12 -12 0.064 $ 111,152,472.06
ARV Artemis Resources -4 -15 42 -29 0.085 $ 105,419,802.68
A1G African Gold . -5 -2 -11 62 0.205 $ 24,376,617.24
KAU Kaiser Reef -5 -7 -31 -49 0.205 $ 26,320,453.51
AWV Anova Metals -5 -17 0 -26 0.02 $ 28,661,884.00
RGL Riversgold -5 -20 -52 -51 0.02 $ 8,080,843.92
ZAG Zuleika Gold -5 -9 -47 -67 0.02 $ 9,432,147.58
TSO Tesoro Resources -5 -25 -54 -72 0.079 $ 43,608,543.52
FML Focus Minerals -5 4 2 -18 0.295 $ 53,910,826.68
RND Rand Mining -5 -7 -2 -26 1.455 $ 82,754,523.26
AOP Apollo Consolidated -5 5 102 119 0.625 $ 183,720,971.70
VKA Viking Mines -5 -5 -34 4 0.019 $ 19,403,910.19
ERM Emmerson Resources -5 10 -5 0 0.076 $ 37,866,125.16
IVR Investigator Res -5 -3 -17 32 0.074 $ 97,972,048.92
TRN Torrens Mining -5 -19 -14 0.1375 $ 10,449,740.70
NML Navarre Minerals -5 -20 -42 -61 0.073 $ 89,108,006.70
TLM Talisman Mining -5 24 -20 50 0.18 $ 32,854,411.98
RED Red 5 Limited -5 0 69 20 0.27 $ 647,999,179.30
GMN Gold Mountain -5 -14 -55 -53 0.018 $ 19,262,685.06
MKR Manuka Resources. -5 -9 -7 -18 0.355 $ 36,029,327.37
STN Saturn Metals -5 22 30 -25 0.52 $ 61,064,555.40
MEI Meteoric Resources -6 -23 -72 -72 0.017 $ 25,590,101.93
TMZ Thomson Res -6 -25 -50 -17 0.067 $ 38,325,040.39
SSR SSR Mining Inc. -6 18 6 7 25.38 $ 524,736,215.08
HMG Hamelingoldlimited -6 0.16 $ 18,150,000.00
HMG Hamelingoldlimited -6 0.16 $ 18,150,000.00
AUC Ausgold Limited -6 4 0 -4 0.048 $ 74,511,428.43
ARN Aldoro Resources -6 6 45 203 0.47 $ 40,455,683.00
CBY Canterbury Resources -6 -4 0 -3 0.094 $ 11,298,661.82
G88 Golden Mile Res -6 -6 -20 -11 0.047 $ 7,866,843.09
MVL Marvel Gold Limited -6 10 47 37 0.078 $ 40,498,363.75
MAU Magnetic Resources -6 -6 8 36 1.56 $ 331,623,704.80
CAI Calidus Resources -6 2 49 16 0.61 $ 252,061,958.61
RDS Redstone Resources -6 15 -12 7 0.015 $ 10,784,985.95
THR Thor Mining PLC -6 -17 -12 -21 0.015 $ 9,354,185.78
OKU Oklo Resources -6 11 11 -23 0.15 $ 75,604,471.80
BRV Big River Gold -6 -6 -44 -44 0.225 $ 52,666,188.48
RXL Rox Resources -6 -1 -29 -50 0.375 $ 59,102,855.25
AGG AngloGold Ashanti -6 3 -19 -7 5.31 $ 496,887,251.05
ENR Encounter Resources -6 -27 -18 -8 0.145 $ 49,097,261.07
SVL Silver Mines Limited -7 -2 -25 16 0.215 $ 271,284,750.03
TIE Tietto Minerals -7 -5 20 12 0.415 $ 194,826,244.62
MRZ Mont Royal Resources -7 -14 6 6 0.345 $ 12,878,083.10
CHN Chalice Mining -7 37 16 151 9.47 $ 3,340,466,037.40
MTC Metalstech -7 -36 149 74 0.27 $ 42,499,470.45
CXU Cauldron Energy -7 -4 -33 -18 0.027 $ 13,264,928.01
CLA Celsius Resource -7 -7 -36 -31 0.027 $ 27,227,930.11
KLA Kirkland Lake Gold -7 -7 2 2 56.78 $ 56,870,000.00
MXR Maximus Resources -7 -27 -23 -52 0.065 $ 21,615,026.18
BMO Bastion Minerals -7 -4 31 0.255 $ 17,592,043.70
WGX Westgold Resources. -7 0 -9 -5 2.03 $ 880,777,063.62
GSN Great Southern -7 -11 17 -17 0.063 $ 31,859,126.46
NST Northern Star -7 1 -14 -22 9.71 $ 11,401,543,638.21
CPM Coopermetalslimited -8 0.185 $ 5,268,900.00
HCH Hot Chili -8 -17 15 -16 2.07 $ 179,476,372.50
PNM Pacific Nickel Mines -8 -19 87 76 0.097 $ 23,277,264.71
MML Medusa Mining -8 6 -2 11 0.785 $ 163,180,541.29
GBZ GBM Rsources -8 -14 -8 -14 0.12 $ 60,817,116.84
MZZ Matador Mining -8 -13 -10 9 0.355 $ 77,244,838.92
MTH Mithril Resources -8 17 9 -30 0.0175 $ 43,863,961.70
KZR Kalamazoo Resources -8 -8 -21 -38 0.35 $ 47,107,001.90
EMU EMU NL -8 -23 -47 -49 0.023 $ 12,645,733.13
BC8 Black Cat Syndicate -8 -2 -23 -12 0.57 $ 80,260,452.27
RVR Red River Resources -8 -12 -10 -25 0.1975 $ 103,692,897.60
ADT Adriatic Metals -8 -10 1 18 2.57 $ 619,039,995.98
EVN Evolution Mining -8 6 -23 -17 4.035 $ 7,441,733,330.64
DRE Drednought Resources -8 7 76 100 0.044 $ 127,433,795.49
RMX Red Mount Min -8 10 22 -8 0.011 $ 14,644,583.02
FAU First Au -8 -8 -45 -42 0.011 $ 7,682,859.40
DEX Duke Exploration -9 13 -46 -36 0.215 $ 18,944,341.92
KAL Kalgoorliegoldmining -9 0.16 $ 11,589,536.00
AME Alto Metals Limited -9 5 15 5 0.105 $ 53,649,042.51
SLZ Sultan Resources -9 -21 -43 -34 0.155 $ 11,125,502.24
GIB Gibb River Diamonds -9 -4 8 -41 0.082 $ 17,766,793.38
PRU Perseus Mining -9 1 22 53 1.675 $ 2,067,696,475.45
AGC AGC -9 -17 -38 0.1 $ 6,772,728.40
AGC AGC -9 -17 -38 0.1 $ 6,772,728.40
ICL Iceni Gold -9 -22 0 0.2 $ 23,357,098.64
WAF West African Res -9 -5 23 62 1.33 $ 1,281,347,746.90
TG1 Techgen Metals -9 -7 -13 0.195 $ 7,513,113.08
CDR Codrus Minerals -9 4 0.145 $ 6,000,000.00
RMS Ramelius Resources -10 0 -16 -4 1.6275 $ 1,403,263,745.81
AAJ Aruma Resources -10 -23 19 -24 0.074 $ 9,321,151.22
SPQ Superior Resources -10 38 64 29 0.018 $ 26,147,311.40
LYN Lycaonresources -10 0.45 $ 12,015,000.00
KSN Kingston Resources -10 -10 -20 -29 0.18 $ 62,423,297.48
CHZ Chesser Resources -10 -7 -4 -40 0.135 $ 67,496,938.13
IPT Impact Minerals -10 -4 -16 -41 0.0135 $ 28,333,128.87
GMR Golden Rim Resources -10 0 -45 -45 0.09 $ 22,022,233.65
MCT Metalicity Limited -10 -10 -31 -47 0.009 $ 19,293,943.79
BYH Bryah Resources -10 2 -28 -24 0.053 $ 12,667,601.80
ANX Anax Metals -10 -21 -11 21 0.087 $ 32,917,285.66
BEZ Besragoldinc -10 -16 0.13 $ 22,340,494.80
CEL Challenger Exp -10 7 7 58 0.3 $ 306,942,433.88
GOR Gold Road Res -11 10 -2 28 1.485 $ 1,327,109,061.71
YRL Yandal Resources -11 -5 -39 -13 0.39 $ 40,204,372.65
RRL Regis Resources -11 -17 -25 -47 1.9 $ 1,456,718,255.14
DCN Dacian Gold -11 -18 -33 -39 0.205 $ 203,160,300.84
MM8 Medallion Metals. -11 -9 -30 0.2 $ 15,789,166.77
DDD 3D Resources Limited -11 0 -20 -3 0.004 $ 15,521,488.37
TMX Terrain Minerals -11 0 -27 -27 0.008 $ 5,886,088.07
SLR Silver Lake Resource -11 1 -15 -1 1.67 $ 1,491,892,753.71
ASO Aston Minerals -12 -8 -28 174 0.115 $ 104,961,717.19
ALK Alkane Resources -12 -6 1 -12 0.84 $ 497,312,155.70
MGV Musgrave Minerals -12 -9 -23 -12 0.34 $ 185,324,667.41
SBM St Barbara Limited -12 -11 -26 -44 1.395 $ 982,694,962.87
VMC Venus Metals Cor -12 -3 -3 -14 0.18 $ 27,194,162.94
GNM Great Northern -13 -22 -56 -59 0.007 $ 9,672,407.81
AL8 Alderan Resource -13 -20 -41 -64 0.035 $ 15,320,378.88
TTM Titan Minerals -13 -17 -17 -9 0.096 $ 133,566,095.81
NES Nelson Resources. -13 -21 -47 -45 0.034 $ 6,800,226.83
MRR Minrex Resources -13 0 -17 -17 0.02 $ 12,272,128.16
GTR Gti Resources -13 -21 22 56 0.026 $ 29,348,311.93
LCL Los Cerros Limited -13 -4 -21 8 0.13 $ 82,721,126.15
TAR Taruga Minerals -14 -10 -50 -1 0.0415 $ 23,042,700.27
NXM Nexus Minerals -14 12 467 304 0.505 $ 142,538,229.41
LCY Legacy Iron Ore -14 85 71 300 0.024 $ 153,713,724.41
TCG Turaco Gold Limited -14 -20 33 100 0.12 $ 42,370,833.88
AVW Avira Resources -14 0 0 -33 0.006 $ 10,312,740.00
HXG Hexagon Energy -14 -5 -14 34 0.083 $ 39,695,230.60
PDI Predictive Disc -15 27 180 305 0.235 $ 327,375,026.88
LRL Labyrinth Resources -15 11 -25 67 0.04 $ 36,521,570.36
CST Castile Resources -16 -29 -31 -24 0.185 $ 37,944,922.99
HMX Hammer Metals -16 -33 -57 17 0.042 $ 37,420,752.66
RSG Resolute Mining -16 -16 -39 -52 0.365 $ 413,974,320.00
NVA Nova Minerals -16 -16 -4 -37 0.13 $ 234,264,882.41
KCC Kincora Copper -17 -11 -62 0.125 $ 8,808,434.28
REZ Resourc & En Grp -17 -2 55 -10 0.045 $ 23,490,872.08
BGL Bellevue Gold -17 -6 -14 -31 0.8075 $ 844,713,273.16
BRB Breaker Res NL -17 5 89 100 0.34 $ 123,819,553.02
DLC Delecta Limited -19 -13 117 86 0.013 $ 16,868,721.87
ICG Inca Minerals -19 -19 -34 75 0.105 $ 47,613,546.78
A8G Australasian Gold -20 -10 200 0.51 $ 19,389,394.53
AXE Archer Materials -24 -20 59 135 1.21 $ 317,995,361.00
ANL Amani Gold -25 -25 50 50 0.0015 $ 36,851,128.21
NPM Newpeak Metals -33 0 -60 -67 0.001 $ 7,424,685.10

 

Weekly Small Cap Standouts

KOONENBERRY GOLD (ASX:KNB)

KNB’s main game is its namesake project in NSW, where a soil sampling program has uncovered a new 1.8km long target called ‘Vegas’.

There has been no previous exploration at Vegas, the company says.

KNB intends to initially follow up with more soils to close the current gaps and define the geometry in readiness for drilling.

Mini-bulk rock chip samples were collected from this area, and concentrates are currently being assayed, with results due in early December.

“The portfolio of geochemical targets is expanding, and we continue to delineate multiple targets for further work and build more information to feed into the geological model to help us design the drill programme due to start in the next quarter,” KNB chief exec Karen O’Neill says.

The stock had a cash balance of $7.5m at the end of September.

 

KINGWEST RESOURCES (ASX:KWR)

In mid-September it announced a gold discovery under a WA Salt Lake called ‘Goongarrie’.

Exploring for gold underneath salt lakes is tough, which is probably why so many remain underexplored — regardless of how prospective they are.

That’s because the lake sediments have been washed around over time, making early-stage soil sampling to help find mineralised anomalies redundant. That makes it hard to dial in on a potential discovery.

The high-grade Invincible gold deposit, which forms the backbone of Gold Fields’ St Ives camp near Kalgoorlie, almost went undiscovered due to the low tenor gold results and small geochemical footprint.

In other words, you either hit something with drilling, or you don’t.

That is why early results like 3m @ 6.5g/t gold and 3m @ 4.1g/t gold from Kingwest’s ‘Sir Laurence’ prospect are so important.

Subsequent results have also been exciting, with 29 of the 80 holes drilled so far hitting significant gold up to 800m away from the discovery line.

Highlights from this shallow, early-stage drilling include 28m @ 1.9g/t gold from 20m (16m in bedrock) and 8m @ 2.2g/t Au from 12m in.

“These excellent results including 28m @ 1.9g/t Au from 20m in follow up drilling at Sir Laurence, are very significant in that they are 800m south of, and along strike of, the discovery Line 5 but mineralisation is at a much shallower depth and includes bedrock mineralisation,” CEO Ed Turner says.

“Significant bedrock mineralisation has also been intersected on Lines B and C.

“This reinforces our interpretation of Sir Laurence as having the potential to be a large mineralised system.

“Line A is the first line of drilling within the current program, and we eagerly anticipate results from all of the remaining drill holes within the Sir Laurence Prospect.”

1,000m of deeper diamond drilling at Sir Laurence will kick off within the next two weeks, while a 2,000m aircore program focussing on Lake Goongarrie targets outside Sir Laurence is imminent.



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Author: Reuben Adams

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Metals X spin-out backed by experienced team and development ready project

Special Report: Metal X’s nickel-cobalt spin out Nico Resources is gearing up to list next month – with some familiar … Read More
The post Metals…

Metal X’s nickel-cobalt spin out Nico Resources is gearing up to list next month – with some familiar faces at the helm.

Executive director and CEO Rod Corps and chairman Warren Hallam are both Metals X (ASX:MLX) alumni, with Corps previously involved in the spin-out of the company’s gold assets and Hallam an executive director and managing director in Metals X for around 15 years.

The spin-out covers the Central Musgrave Project (CMP) tenements which comprise three main exploration licences – Wingellina (WA), Claude Hill (SA) and Mt Davies (SA).

Wingellina has combined mineral resources of 182.6 Mt at 0.92% nickel and 0.07% cobalt for 1.68 Mt of contained nickel and 132Kt of contained cobalt, and probable ore reserves of 168.4Mt at 0.93% nickel and 0.07% cobalt for 1,561Kt of contained nickel and 123Kt of contained cobalt.

Claude Hills has inferred mineral resources of 33.3 Mt at 0.81% nickel and 0.07% cobalt for 270Kt of contained nickel and 23Kt of contained cobalt.

 

Spin-out the natural step off the back of strong nickel prices

“With where Metals X is placed in the growth phase, it makes sense to demerge and put these assets into a single purpose listed vehicle – especially in the current nickel price environment,” Corps said.

“And that price is looking like it will continue to improve over the next 5-10 years with the rise of electric vehicles.

“It’s pretty exciting times in the nickel space at the moment with cobalt increasing as well.

“So, the plan now is to complete the raising, and then get Wingellina into development.”

Corps said the company’s IPO is open, with listing expected in early January.

 

Wingellina fully approved and ready to go

Hallam was originally the managing director of pre-Metals X entity  Metals Exploration back when the Wingellina nickel-cobalt project was acquired in 2007 and he’s been heavily involved in getting the project development ready.

A Phase 1 Feasibility Study (+25%) with HPAL processing was completed in 2008 which indicated a 39-year project life producing around 40,000tpa of nickel and 3,000tpa of cobalt.

Since then Metals X has continued to undertake additional metallurgical optimisation, processing and infrastructure studies.

“We’re one of a handful of projects that are ready in the nickel area to be developed, because as you know, it takes many years to get a project off the ground, especially to get the approvals – but most of those approvals are in place and we’re ready to move forward,” Hallam said.

 

Next – update the pre-feasibility study

Corps said Wingellina has had around $60-odd million dollars spent on its development to date.

“It’s been proven up, it’s an extremely large nickel laterite limonite deposit 1.63 million tonnes in reserve, 2 million tonnes in resource,” he said.

“Since 2007, Metals X has done a pre-feasibility study, it’s gained all land access and EPA approvals as well

“A lot of work has been done developing the project to get it to the stage now where it’s in a development-ready position with all approvals in place.”

Hallam said the next step is to focus on any technology changes that may or may not have occurred over the last five years, and to update the pre-feasibility study.

Pic: Central Musgrave project tenements location

 

Long-term nickel demand bodes well

“Because it’s such a large project, it does require quite a large upfront capital and that’s partly why it did go out into a final feasibility study in 2012, but the nickel price collapsed at the time,” Hallam said.

“Now the nickel price has recovered, so it’s time now to move forward and see what those opportunities are.

“Once you’ve developed this project, the payback is four to five years, and then you have a very, very long-term project.”

Hallam said the reserves of 1.63 million tonnes equates to 40,000 tonnes of nickel production per annum which equates to over 39 years of production – which at current nickel prices would equate to a revenue of over a billion dollars.

Corps adds that with the interest being shown by a lot of majors worldwide for long-term nickel supply there should be some “very interested parties” with the financial capabilities to back the project.

 

Priority retail allocation offer – There are 300 x $2,000 minimum allocations in the Nico Resources IPO available to subscribers of Marketech Focus. Go to www.nicoresources.com.au to download the prospectus, and for full details on how to apply under the priority offer through Marketech at www.marketech.com.au.

 

This article was developed in collaboration with Nico Resources Limited, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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