DVP has commenced the process plant modifications required to re-start production at its Woodlawn Cu-Zn project in NSW. GR Engineering was awarded A$25.7m in late September to complete the process plant upgrades and recommission the project. The award of the contract triggered the A$20m Final Investment Decision Milestone Payment, which DVP covered through a A$10mRead more
Copper and zinc prices have seen strong moves over the past month, with spot prices rising 12% and 18%, respectively. We have upgraded our medium-term price outlook for both commodities, which has significantly enhanced SFR’s earnings outlook. The stronger forecast cash generation should see SFR de-gear its balance sheet and move to a net cashRead more
We recently completed a site visit to FFM’s Ming Mine and Green Bay Project area, Newfoundland, Canada. The project appears to be everything promised and more. FFM has achieved a solid amount of work since taking possession of the project 11 months ago. Development of the exploration drive continues, with multiple rigs testing down plungeRead more
CMM’s 1QFY25 preliminary production result was softer than we had expected due to increased waste movements in the quarter. Importantly the accelerated waste movements will open sufficient work areas to enable CMM to deliver into its guidance ranges, which remain unchanged. The Public Environment Report (PER) for Mt Gibson is due to be submitted laterRead more
Gold prices have continued to surge, with spot prices now up close to 30% since the start of 2024. Uncertainty over the pace of forecast interest rate cuts, ongoing inflation and rising US Government debt are all likely to continue to drive a favourable pricing environment for gold. We are upgrading our gold price forecastsRead more
Derisking of Luni continues. WA1’s latest metallurgical test results indicate beneficiated concentrate can be effectively leached to remove the majority of deleterious phosphorous. Future test schemes will include variability analysis and conversion of leached concentrate to ferroniobium. The signing of a negotiation protocol with the Tjamu Tjamu provide a pathway to an agreement for establishmentRead more
We attended a site tour of PLS’s Pilgangoora operation, which highlighted that the P1000 expansion project is on track and on budget, with the introduction of ore sorting a key debottlenecking addition to the flow sheet. PLS noted that further growth (P2000 and Latin development) continue to be studied and importantly remain optionality and notRead more
Qoria has made a small strategic acquisition of OctopusBI (OBI), a data analytics provider, for $5M. Qoria raised $30M (pre costs) to fund the purchase and bolster the balance sheet. Our valuation increases from $0.40 to $0.42, however we remove the 25% takeover premium we introduced post the K1 bid in April. While acknowledging QoriaRead more
Argonaut initiates coverage of Turaco Gold (ASX:TCG) following a site visit and release of a maiden MRE at the recently acquired Afema Gold project in Côte d’Ivoire. TCG acquired the Afema Gold project in November 2023 with strategy to advance the project towards a PFS which is targeted for H1 CY2026. We initiate coverage withRead more
SPR has taken the first cut at its new Juniper Decline which marks a key milestone for the project and sets in motion work programs to restart Dalgaranga. We update our mining inventory to capture underground material directly below the Gilbeys pit which while much lower grade than Never Never does boost our production profileRead more
