Monadelphous (MND) – WA macro supportive

BOE’s recent production update suggests ramp-up of its 100% owned Honeymoon uranium project is progressing well. The operation is expected to produce 0.85 Mlbs of U3O8 in FY25. Crucially, the first Ion Exchange extraction columnRead more

The Havana underground has been approved, which will see an additional 55koz over 3 years (RRL share) produced at only a modest level of capex. We have already included Havana Underground in our base caseRead more

Gold prices have surged to record levels rising 22% in the year to date. The recent weakness in global equity markets has impacted gold equities and we see significant value emerging across the sector. WeRead more

Pacgold’s Alice River Project in northern Queensland has seen a delay to its 2024 drilling season after the resignation of its managing director in June. PGO have appointed Mathew Boyes as the new managing director,Read more

OAU is making steady progress on its Crown Prince development targeting first production towards the middle of next year. Once in production we expect a Crown Prince to be high margin open pit operation withRead more