mark2017's Commodities to Watch

This is a discussion on mark2017's Commodities to Watch within the Daily Analysis forums, part of the Commercial category; Lithium Australia prepares to drill Horseshoe Pegmatite Prospect Published on: Jul 10, 2017 | by Trevor Hoey Shares in Lithium ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 10, 2017, 3:31pm   #33
Joined Jan 2017
mark2017 started this thread Lithium Australia prepares to drill Horseshoe Pegmatite Prospect

Published on: Jul 10, 2017 | by Trevor Hoey

Shares in Lithium Australia (ASX: LIT) surged more than 40% under record trading volumes on Friday after the company informed the market that it was ready to commence drilling at the Horseshoe Pegmatite Prospect. This is part of LIT’s Ravensthorpe lithium project which is situated 500 kilometres south-east of Perth.

It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

In terms of its location, it is arguably of more significance that it is only 18 kilometres from Galaxy Resources’ (ASX: GXY) Mt Cattlin lithium mine. It is possible that positive news also released by GXY last week provided additional momentum for LIT’s share price.

With an 800 metre by 800 metre flat lying footprint containing both lepidolite and spodumene, the Horseshoe Pegmatite shows strong geological similarities to mineralisation at Mt Cattlin.



After a weak share price performance in the first half of calendar year 2017, GXY started the year on a strong note with its share price increasing from $1.65 as at June 30 to close the week at $2.10 last Friday, representing an increase of 27%.

Again share trading performance should not be used as the basis for an investment as it does fluctuate and investors should approach any investment decision with caution.

GXY’s price increase made it the best performing ASX 200 stock for the first week of fiscal 2018, and interestingly there was a strong performance from another specialty metals play in emerging graphite producer, Syrah Resources (ASX: SYR) which delivered a week on week gain of 18%.

While GXY’s strong kick was possibly assisted by the absence of tax loss selling that occurred in June, there was also strong news on the operational front as recoveries of 61% from production of circa 14,000 dmt were achieved, well in excess of initial targets of between 50% and 55%.

This augurs well for a company such as LIT should the mineralisation at its Horseshoe Pegmatite be also deemed to offer robust percentage recoveries when converted to lithium concentrate.

The lithium mineralisation at LIT’s prospect is hosted by the Cocanarup swarm, and a recently excavated costean has revealed lithium mineralisation which includes spodumene, lepidolite and elbaite, all of which can be processed using the company’s proprietary Sileach process.
mark2017 is offline   Reply With Quote
Old Jul 13, 2017, 2:33pm   #34
Joined Jan 2017
mark2017 started this thread Very good results


Jul 13 2017 at 4:23 PM
Updated Jul 13 2017 at 4:23 PM
Save article Print License article Northern Star Resources reports strong June quarter after digging deep on growth
Share


Read more: http://www.afr.com/business/mining/g...#ixzz4mibD1D33
Follow us: @financialReview on Twitter | financialreview on Facebook
mark2017 is offline   Reply With Quote
Old Jul 27, 2017, 7:05pm   #35
Joined Jan 2017
mark2017 started this thread Why I think Galaxy Resources Limited could be a great buy and hold investment
http://www.fool.com.au/2017/07/27/wh...ld-investment/
mark2017 is offline   Reply With Quote
Old Aug 1, 2017, 7:03pm   #36
Joined Jan 2017
mark2017 started this thread Presentation Galaxy Resources

http://www.asx.com.au/asxpdf/2017073...1l7ssr2xf1.pdf
mark2017 is offline   Reply With Quote
Old Aug 2, 2017, 6:52pm   #37
Joined Jan 2017
mark2017 started this thread http://www.asx.com.au/asxpdf/2017080...dcpjlv3qwx.pdf
mark2017 is offline   Reply With Quote
Old Aug 3, 2017, 2:30pm   #38
Joined Jan 2017
mark2017 started this thread Aug 3 2017 at 6:22 PM
Updated Aug 3 2017 at 6:22 PM
Save article Print License article Northern Star Resources maps out mine lives for a decade
Share
Share via Email Share on Google Plus Post on facebook wall Share on twitter Post to Linkedin Share on Reddit Northern Star says it now has mine life visibility of 10 years.
Ryan Stuart

Share on twitter by Tess Ingram Northern Star Resources executive chairman Bill Beament says he hopes the gold miner's new 10-year production plan will "well and truly put to bed" persistent concerns in the market about the company's mine life.

The gold miner unveiled a tripling of gold reserves across its land holding on Thursday, which will result in higher annual production and longer lives for its assets.

Northern Star mapped out a 10-year production plan to help give the market more confidence in the sustainability of its asset base, amid ongoing concerns from analysts about a lack of long-term visibility.

Driven by increased production from its two key operations, Kalgoorlie and Jundee, Northern Star plans to increase production from 525,000 to 575,000 ounces of gold this financial year to 550,000 to 600,000 ounces in fiscal 2019 and 575,000 to 625,000 ounces from 2020 onwards.

Northern Star's Paulsens gold mine.
Ryan Stuart
The miner said this could increase to more than 700,000 ounces a year, if it has exploration success at its third operation, Paulsens, and pushed ahead with the development of its Central Tanami project in the Northern Territory from about 2021.

Related Quotes
5 years1 DayLast updated: Updating...Last updated: Updating...
View full quote
Company Profile
ASX Announcements Expand
ASX Announcements

View all announcements "I think our shareholders got over our mine life issue 12 to 18 months ago but this now to me is the final piece for the wider investment community," Mr Beament told The Australian Financial Review. "This well and truly puts it to bed."

The dramatic increase in reserves has been driven by Northern Star's focus on exploration around its existing assets over the past three years. A $150 million spend in that time has delivered the miner an additional 4 million ounces of gold reserves at a cost of $37 an ounce and 7 million ounces of resources at a cost of $21 an ounce.

RBC Capital Markets analyst Paul Hissey said the "strong" increase in reserves should "address persistent questions around mine life from its key assets at Jundee and Kalgoorlie".

"This, along with the strong cash margins and balance sheet strength, should be sufficient to entice fresh investment for generalists seeking domestic gold exposure," Mr Hissey said in a note to clients.

Northern Star is hosting a strategy day with analysts and investors on Saturday, which Argonaut analyst James Wilson said should provide more clarity on how the increase in reserves will translate to greater production volumes, particularly at Kalgoorlie where processing capacity is a potential bottleneck.

"Overall it is a great result and it really does reflect the significant spending they have put into exploration and the returns they are going to get out of it will be a lot more than what they have put in," Mr Wilson said.

Shares in Northern Star closed up 4 per cent or 18¢ at $4.67 per share.

It came as ASX-listed gold junior Red 5, which has a market capitalisation of about $28 million, revealed it had inked dual agreements to acquire two gold assets in Western Australia.

Red 5 will pick up Gold Fields' Darlot gold mine for $18.5 million in cash and shares as well as the King of the Hills project from Saracen Mineral Holdings for $16 million in cash and shares.

The projects are about 80 kilometres apart. Red 5 said the deals, to be part-funded via a rights issue, would provide immediate production and cash flow, offered good growth potential and set it up to utilise Darlot as a hub to process ore from other gold deposits in the region.

reports.afr.com


Read more: http://www.afr.com/business/mining/g...#ixzz4ohMPYtLG
Follow us: @financialReview on Twitter | financialreview on Facebook
mark2017 is offline   Reply With Quote
Old Aug 4, 2017, 2:01pm   #39
Joined Jan 2017
mark2017 started this thread Good News. Up 8%



http://www.proactiveinvestors.com.au...da-181871.html
mark2017 is offline   Reply With Quote
Old Aug 4, 2017, 7:12pm   #40
Joined Jan 2017
mark2017 started this thread Why the Northern Star Resources Ltd share price is climbing today



Gold miner
Northern Star Resources Ltd
(ASX: NST) is top of the
S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) leaderboard today after if flagged it would lift its gold production rate to 600,000ozpa in calendar year 2018. This compares to previous guidance for production of 525,000-575,000ozpa at A$1,000 – A$1,050/oz for FY 2018.

As a result of the improved forecast Northern Star advanced 4 per cent to $4.67 today, with the miner flagging a tripling of estimated reserves to 3.5 million ounces. Its Jundee and Kalgoorlie operations in WA both expanding their inventory and production capacity estimates.

The majority of Northern Star’s operating costs are incurred in Australian dollars, while it sells its gold in U.S. dollars, which means it is a beneficiary of a stronger U.S. dollar. However, as cash rates rise in the U.S. the gold price may suffer as gold produces no income and may become less attractive to investors who could park their money in cash as an alternative and receive growing risk-free interest payments.

According to The Financial Times the 14 analysts covering Nothern Star have a median share price target of $4.63 on the business, with a high estimate of $5.10.



http://www.fool.com.au/2017/08/03/wh...limbing-today/
mark2017 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
mark2017's Stocks to Watch mark2017 Daily Analysis 274 Nov 16, 2017 9:40pm
Commodities rawrschach Home Trader 7 May 18, 2008 10:22am
Commodities JTrader Commodities & Money Markets 3 Apr 12, 2004 6:42pm
Commodities Eytanyaron Technical Analysis 2 Sep 21, 2003 4:49am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)