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.
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 $100/ton after reports of Chinese regulators dialing back crackdowns on the property market could soon lift steel demand and improve profitability for steelmakers. There’s also chatter the People’s Bank of China could unleash stimulus amid the economic growth slowdown in the world’s second-largest economy.
“The market has higher expectations for steel production to resume,” Huatai Futures Co. wrote in another note. Property is a leading source of industrial metal demand in the country.
Bloomberg Industrial Metals Subindex (BCOMIN) has broken out to an all-time-highs, surpassing 2007 and 2011 highs.
Positive developments appear on the macro front as the PBoC could be close to easing and Beijing dials back on regulatory crackdowns. Institutional investors are also getting in on the action as China’s high-yield bonds have had a bid this month.
Suppose the Chinese government continues to offer policy support to heal the ailing property market, which it crushed this year through regulatory crackdowns. In that case, this could mean industrial metals will rise some more, adding to inflation.
Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out?
Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$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 $US1,785/oz. Ouch.
Why? The market believes that Powell will begin raising interest rates – the cost to borrow money — sooner than if competitor for the job Lael Brainard had been given the chair. Earlier rate hikes dampen inflation expectations.
Brainard, who was appointed vice chair, will still have significant influence.
Former geologist and experienced stockbroker Guy Le Page says it is clear that the broader market is not convinced that gold’s short to medium term price outlook is positive with Swap Dealer Net positions still in decline.
A ‘swap’ is basically a forward contract or a futures contract, he says.
If the position is net long, then it implies that there are more forward contracts (or calls) betting gold will go up. A net short position is basically selling a call, or a futures contract with a view of buying back after gold has fallen.
“So, in this case, even with gold rising, it appears that the long and short positions were closely balanced with probably slightly more short positions in play — i.e., the majority of positions were betting on a decline in the gold price,” he says.
Le Page still reckons “Jerome ‘money printer’ Powell” is good for gold in the long term.
“Given Powell has the US economy sailing on an easy monetary trajectory straight into the eye of an inflation hurricane (already at 6.2%, a 31-year high), I think his appointment will ultimately be good for gold,” he says.
Hang tight, gold bugs.
Winners & Losers
Here’s how ASX-listed gold & silver stocks are performing:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop
>>> Stocks missing from this list? Email [email protected]
|CODE||COMPANY||1 WEEK RETURN %||1 MONTH RETURN %||6 MONTH RETURN %||1 YEAR RETURN %||SHARE PRICE [INTRADAY FRI]||MARKET CAP|
|E2M||E2 Metals||46||49||3||-55||0.35||$ 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|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|MAT||Matsa Resources||-4||-8||-31||-53||0.054||$ 20,772,967.96|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|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|
|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
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.
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.
The post Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out? appeared first on Stockhead.
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.
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.
The post Metals X spin-out backed by experienced team and development ready project appeared first on Stockhead.
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