While C-19 has taken a toll on near-term earnings, it has necessitated actions to reduce costs and eliminate non-core activities, setting the business up well for a more positive environment. The better than expected balance sheet position at June trumps our lower earnings forecasts and we maintain a BUY call on a $0.42 valuation (priorRead more
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GMD recently acquired a parcel of ground which abuts the Ulysses Project to the south called the Kookynie Gold Project for $13.5m in cash and a 1% NSR royalty capped at $5m. GMD recently completed a $19.5m capital raising at $0.042 per share. The acquisition increases GMD’s resources to 17Mt @ 2.34g/t Au for 1.28Moz.Read more
Bellevue Gold (BGL) has released an updated JORC Resource for its 100% owned Bellevue Gold Project in Western Australia, comprising 7.0Mt @ 10.0g/t Au for 2.3Moz contained gold. This included a maiden Indicated Resource of 860koz @ 11.6g/t, beating Argonaut’s prediction of 600-800koz. The Viago and Deacon lodes contain a higher-grade sub-Resource of 480koz @Read more
Tietto Minerals (TIE) has released further drill results from the high-grade zone of the Abujar‐Gludehi (AG) deposit, part of the Abujar Gold Project in Côte d’Ivoire. Results included 7m @ 8.16 g/t Au from 440m, which sits >150m below the current resource shell. TIE is rapidly expanding the existing 2.2Moz @ 1.5g/t from depth extensions,Read more
Centaurus Metals (CTM) has delivered a maiden JORC Resource for its Jaguar Nickel Sulphide Project in the Carajás Mineral Province of northern Brazil. The Resource incorporated 48Mt @ 1.1% Ni for 517.5kt contained nickel, with a higher-grade component of 20.6Mt @ 1.6% Ni for 321.4kt contained nickel. Jaguar represents a rare large tonnage, high grade,Read more
Capitalism; going, …. going, …. “Got your back”: The US Fed has led a global charge to lop the bottom off the business cycle. Many business actions today would not be contemplated if there were repercussions from getting it wrong. But players are being protected from negative consequences, and it is arguably eliminating capitalism’s creativeRead more
Bellevue Gold (BGL) has released metallurgical (met) test results and an update on the underground re-entry progress at its 100% owned Bellevue Gold Project in Western Australia. Met results showed excellent gold recoveries of 97.8% from combined gravity and leaching (CIL). Of particular note was the exceptionally high gravity recoveries of 73.6-91.7%. Dewatering of theRead more
The US$50m US DoD funding agreement and ASB’s proposed investment in steel ship-building capability sends two clear messages. Firstly, it indicates strong support from the US DoD for ASB’s Mobile operations. Secondly, a steel shipbuilding capability opens up significantly more opportunity to ASB, reducing the risk of a workload “valley” post LCS and EPF programs. Read more
HCH has recommenced drilling at its Cortadera copper-gold porphyry in Chile with the first hole of a seven diamond hole program underway. Hole CRP0042D into the Cuerpo 3 lode was suspended at 616m and has now been re-entered with a planned depth of 1,300m. So far, mineralised porphyry has been observed over 300m with 420mRead more
The operational update highlights a sooner than expected recovery and backs up our view GRB can emerge from the C-19 period in a stronger competitive position. Cash flow this half will still be our main focus, although there are levers to pull, ATO excise relief, and a recent operational improvement to assist cashflow. Risks areRead more