Metal and mining

ASX Inches Higher as Gold Stocks Lead; Bitcoin Surges to Record High
December 05, 2024 06:57 PM AEDT| By Team Kalkine MediaHighlights,ASX 200 posts a marginal gain, closing at 8,474.90 points.,Gold producers lead gains, while energy and materials sectors decline.,Bitcoin hits a record high, surpassing US$103,000 on regulatory optimism.,The Australian Securities Exchange...

Northern Star Resources and De Grey Mining: A Transformational Gold Acquisition
December 05, 2024 04:39 PM AEDT| By Team Kalkine MediaHighlights:,Landmark Acquisition: Northern Star Resources (,ASX:NST,) announces a $5 billion acquisition of De Grey Mining, enhancing its gold asset portfolio with the high-grade Hemi gold project.,Hemi Gold Project: Boasts 11.2 million ounces in res...

Infinity Mining Expands Copper-Gold Portfolio with Achilles Project in NSW
December 05, 2024 03:37 PM AEDT| By Team Kalkine MediaHighlights:,Strategic Acquisition,:,Infinity Mining (,ASX:IMI,) secures the Achilles copper-gold project in the Devonian Cobar Basin, renowned for its rich mineral deposits.,Geological Potential,:,The project spans a five-kilometre shear zone,,adjace...

Spartan Resources Secures AU$220 Million in Placement to Accelerate Exploration and Mine Development
December 05, 2024 03:33 PM AEDT| By Team Kalkine MediaHighlights,AU$220 Million Raised,: Spartan Resources secures a substantial AU$220 million through a placement of new shares to institutional and sophisticated investors.,Focused on Underground Development,: Funds will primarily support underground mi...

MNB Shares Surge 9.72% on Cabinda Fertiliser Plant Construction Contract
December 05, 2024 02:17 PM AEDT| By Team Kalkine MediaHighlights,Contract Signed,: Minbos Resources finalizes a $6.7 million civil construction contract for the Cabinda Phosphate Fertiliser Plant.,Immediate Mobilization,: Siteworks to begin this month, targeting a May 2025 completion date.,Strategic Exp...

NewPeak Metals Expands Critical Minerals Portfolio with Vanadium Acquisition, Shares Surge 27%
December 05, 2024 01:07 PM AEDT| By Team Kalkine MediaHighlights,Allaru Vanadium Acquisition:,Binding agreement with AusVan Battery Metals Pty Ltd secures a 1,498 sq. km project in Queensland’s Julia Creek vanadium province, with an inferred resource of 710 million tonnes of vanadium.,Critical Minerals...

Titan Minerals Secures $20 Million for Dynasty Silver-Gold Project
December 05, 2024 01:05 PM AEDT| By Team Kalkine MediaHighlights:,Funding and Placement Details,:,Titan Minerals (,ASX:TTM,) has secured $20 million in funding commitments through a placement at $0.44 per share, a discount to its recent trading price, with new shares to be issued on December 10.,Dynasty...

Titan Minerals Secures $20M Funding for Ecuador’s Dynasty Project, Shares Slip 12%
December 05, 2024 01:04 PM AEDT| By Team Kalkine MediaHighlights,$20M Funding Secured:,Placement priced at 44 cents per share, with shares to go live on 10 December 2024.,Focus on Dynasty Project:,Dynasty boasts a JORC resource of 3.1 million ounces of gold and 22 million ounces of silver.,Aggressive Gr...

Magnetic Resources Achieves Strong Gold Recoveries at Lady Julie North 4 Project
December 05, 2024 12:53 PM AEDT| By Team Kalkine MediaHighlights,Strong Recoveries:,Gold recovery rates averaged more than 91% for all oxidation states across seven test composites.,Improved Processes:,Flotation and fine grinding enhanced recovery by 4-8% for Fresh Core and Fresh South composites.,Posit...

Novo Resources Shares Soar 37% After Strengthening Financial Position with Key Asset Sales
December 05, 2024 12:50 PM AEDT| By Team Kalkine MediaHighlights,San Cristobal Stake Sale:,Novo sold 38% of its stake in San Cristobal Mining, generating gross proceeds of $11.5 million, leaving a remaining shareholding valued at $19 million.,Strong Financial Position:,Novo now holds $16.7 million in ca...

Cyprium Metals Rejects Buyout Offer; Shares Surge 26.3%
December 05, 2024 12:43 PM AEDT| By Team Kalkine MediaKey Highlights,Offer Details:,Appian Capital proposed an indicative, non-binding offer (NBIO) of A$0.035 per share in cash to acquire Cyprium.,Board Decision:,Cyprium’s board rejected the NBIO, stating it undervalued the company’s assets and was not...

Magnetic Resources (ASX:MAU) Reports Over 91% Gold Recovery at Lady Julie North 4 Highlights:
December 05, 2024 12:37 PM AEDT| By Team Kalkine MediaHighlights:,Strong Gold Recovery Rates:,Metallurgical testing at Lady Julie North 4 (LJN4) by Magnetic Resources NL (,ASX:MAU,) achieved an average gold recovery of over 91% across seven composites, regardless of oxidation states.,Enhanced Recovery t...

Pioneer Lithium Explores Promising Drilling Targets at Root Hill Lake Project
December 04, 2024 06:23 PM AEDT| By Team Kalkine MediaHighlights,Pioneer Lithium identifies multiple lithium-rich targets at Root Hill Lake.,Sampling reveals grades up to 2.95% Li2O and 3,530ppm lithium in channels.,Extensive trenching and stripping provide valuable geological insights.,Pioneer Lithium...

Surefire Resources Unveils Encouraging Gold Intercept at Yidby Project
December 04, 2024 05:48 PM AEDT| By Team Kalkine MediaHighlights,Surefire Resources (SRN) reports promising 20m drill intercept at 1.73g/t gold at Yidby Project, WA.,Exploration focused on establishing a shallow open-cut gold mine with heap leach operations.,Mineralisation trends show potential for cont...

Cauldron Energy Strengthens Its Portfolio with New Share Issuance
December 04, 2024 03:24 PM AEDT| By Team Kalkine MediaHighlights,Cauldron Energy issues new ASX-listed shares,.,Conversion of securities aligns with financial strategies,.,Reflects ongoing company growth initiatives,.,Cauldron Energy (ASX:CXU) has announced the issuance of fully paid ordinary shares, ma...

Rosewood Discovery Propels Petratherm to New Heights with Over 70% Surge
December 04, 2024 02:17 PM AEDT| By Team Kalkine MediaHighlights,Petratherm,(PTR) records a remarkable rise following Rosewood exploration results.,Initial findings reveal heavy mineral concentrations including Leucoxene and Rutile.,Further drilling and detailed assays expected in the coming weeks.,Petr...

Polymetals Resources Advances Towards Endeavor Silver-Zinc Mine Revival
December 04, 2024 02:15 PM AEDT| By Team Kalkine MediaHighlights,Polymetals,Resources (POL) progresses rapidly on the Endeavor Silver-Zinc Mine redevelopment,.,Key surface and underground refurbishments are on schedule for a 2025 production restart,.,Strategic restructuring and recruitment efforts pave...

IRIS Metals (ASX:IR1): Insider Activity Sparks Mixed Sentiments Amid Stock Performance
December 04, 2024 02:03 PM AEDT| By Team Kalkine MediaHighlights,Insider selling occurred earlier at prices lower than current levels.,Insider ownership stands at 38%, reflecting moderate alignment with shareholders.,Recent insider purchases were minimal but lacked any selling activity.,IRIS Metals (ASX...

Aldoro Resources' Share Price Jumps 31.9% on Strong Niobium Results from Kameelburg Carbonatite
December 04, 2024 01:30 PM AEDT| By Team Kalkine MediaHighlights,31.9% surge in ARN shares,on 4 December 2024, following the release of promising niobium assay results.,High-grade niobium zones,identified with an average grade of 0.77% Nb₂O₅, including a 70m intersection at 1.0% Nb₂O₅.,Strategic commodi...

Angola’s Mineral Boom: A Gateway for Resource Exploration
December 04, 2024 01:23 PM AEDT| By Team Kalkine MediaHighlights,Angola,emerges,as a key player for resource exploration with growing investor interest.,Companies like (MNB), (TYX), and others explore Angola's mineral-rich opportunities.,Improved infrastructure, governance, and global partnerships fuel...

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