mark2017's Commodities to Watch

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mark2017

Active member
Jan 25, 2017
657
1
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#26
Why Invest in Northern Star
Highly profitable: Record half year net profit after tax of A$104.6M (US$77M), up 61%;
EBITDA margin of 53%; track record of dividends, paid A10¢ps in 2016 (up 100% from 2015)
Strong balance sheet: no debt; A$393M (US$289M) in cash & equivalents (31 March 2017)
Emphasis on financial returns: Past 5 years avg TSR* +60%, ROE of 30% and ROIC 27%
One of the few ASX-listed gold miners with critical mass and asset diversity: FY2017
production of 485koz-515koz at an AISC of A$1,000-1,050/oz (US$735-US$771/oz)
Record of strong growth – with much more to come: Focused on our Tier 1 operations to
drive increased production and a simplified business model, increasingly more valuable
Aggressive exploration strategy delivering outstanding results; Reserves grew 33% in
FY2016 (after depletion) at average cost of just US$37/oz; US$44M spend this year has the
potential to significantly increase Reserves and underpin a clear road map for the future
Committed US$51M to expansion capital this year; this will underpin growth in production
and cashflow from 2018 onwards
Strong management team, track record of delivering operational and corporate objectives
which in turn have consistently achieved sector leading returns to NST Shareholders
15 Source:* Boston Consulting Group paper on “Delivering value in t

https://www.nsrltd.com/wp-content/up...-16-5-2017.pdf
 

mark2017

Active member
Jan 25, 2017
657
1
28
#27
Galaxy Resources Limited (ASX:GXY) James Bay Drilling Delivers Thick High Grade Results

WWW:www.galaxylithium.com

Company Overview

Perth, June 27, 2017 AEST (ABN Newswire) - Galaxy Resources Limited ("Galaxy" or the "Company") (ASX:GXY) (OTCMKTS:GALXF) is pleased to announce its first assays from its 2017 drilling campaign at its James Bay lithium pegmatite project in Quebec, Canada.

In late March, Galaxy's James Bay team commenced a ~31,000m diamond drilling campaign to extend and develop the existing James Bay resource. Phase 1, which completed 20,245 meters, is now complete and the drill program has shown the resource to be open at depths below -100m and the existing recoverable resource was reported to an average of -110m (maximum -200m) below surface. All intercepts are reported below.

The Phase 2 drilling program is ongoing and expected to be completed by the end of July 2017. Further results will be released over the coming weeks.

Galaxy's Managing Director and CEO, Anthony Tse, commented: "The new phase of drilling at James Bay was put in place to reinforce the scale of the pegmatite and the significant potential for further growth. James Bay's proximity to local infrastructure, including the accessible road networks, water and power supply are all natural advantages and key to the development of the Project. The Project Team will now focus on concluding the activities required on the resource upgrade campaign, in addition to progressing the work in relation to the Feasibility Study, both for the upstream mine and concentrator plant, as well as the downstream lithium conversion facility."

- The first ten drill holes returned significant intercepts including:

o Drill hole JBL17-04, from 73.17m, 38.8m @ 1.65 Li2O %
o Drill hole JBL17-08, from 12.85m, 48.10m @ 1.56 Li2O%
o Drill hole JBL17-07, from 138.45m, 38.1m @ 1.50 Li2O %
o Drill hole JBL17-11, from 118.9m, 48.60m @ 1.64 Li2O %
Including
-- from 118.9m, 1.40m 3.30 Li2O %
-- from 120.3m, 1.50m, 4.37 Li2O %
-- from 121.8m, 1.50m, 3.10 Li2O %
-- from 129.3m, 1.50m, 4.41 Li2O %

Assays (see Table 1 in the link below) have been received for 10 diamond holes for 1,205m of NQ drilling (collars, Table 2, in the link below).

In addition, three drill holes, JBL17-16, JBL 17-17, and JBL 17-18 (see Table 2 in the link below) above, have discovered two new pegmatite dykes, which bring the total number of dykes in the James Bay pegmatite swarm to 33. Assay for these are not yet received.

ABOUT THE JAMES BAY PROJECT

The James Bay Pegmatite swarm is located It is 2 kilometers south of the Eastmain River and 100 kilometers east of James Bay. The property is accessible by paved road from the James Bay Road (highway) which cuts through the property close to the 381km road marker on the highway Route/109 from Val d'Or, Quebec, Canada. Val d'Or is approximately 526km westward from Montreal, Quebec. A large, multi-service truck stop is located at marker 381. The James Bay Lithium project is located 1,850 road kilometers from Montreal and 1,650 road kilometers from Quebec City.

Discovered in the 1960's and then known as the Cyr property it consists of a swarm of 33 pegmatite dykes of the zoned LCT (lithium-cesium-tantalum) type. Two new pegmatite dykes have been discovered in this current campaign. The lithium bearing mineral is spodumene and the pegmatites are the typical zoned type. The pegmatites intrude the Eastmain greenstone belt (Lower Eastmain Group), These consist of amphibolite-grade mafic to felsic metavolcanics, meta-sediments and minor gabbroic intrusions. A classified resource was reported (see Note 1 below) at cut-off grade of 0.75% Li2O of 11.75Mt @ 1.30% Li2O (Indicated) and 10.47Mt @ 1.20% Li2O (Inferred) within a conceptual pit shell using a lithium carbonate price of USD 6,000, metallurgical and process recovery of 70%, mining and process costs of USD 64 per tonne and overall pit slope of 45 degrees. The current resource is based on 14,457m of diamond drilling and 201.3m of horizontal channel sampling. The pegmatite swarm strikes N 103 degrees E., dips steeply at ~60 d egrees westward and forms a corridor of discontinues dykes of about 4km length and 300m wide. These outcrop to about 15-20m above the surrounding muskeg/swamp. Two exploration holes located within the 500m gap between dyke 15 and dyke 14 (at the western-end of the property) have discovered and unearthed two large pegmatites 38m and 42m thick respectively.

Note 1: Galaxy Resources Ltd. Annual report, 2016.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/57916830


About Galaxy Resources Limited


Galaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.

Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.

Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.
 

mark2017

Active member
Jan 25, 2017
657
1
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#29
Galaxy Resources Limited : - James Bay Drilling Delivers Thick High Grade Results

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Release date- 27062017 - Perth, Australia - Galaxy Resources Limited ('Galaxy' or the 'Company') (ASX:GXY) (OTCMKTS:GALXF) is pleased to announce its first assays from its 2017 drilling campaign at its James Bay lithium pegmatite project in Quebec, Canada.

In late March, Galaxy's James Bay team commenced a 31,000m diamond drilling campaign to extend and develop the existing James Bay resource. Phase 1, which completed 20,245 meters, is now complete and the drill program has shown the resource to be open at depths below -100m and the existing recoverable resource was reported to an average of -110m (maximum -200m) below surface. All intercepts are reported below.

The Phase 2 drilling program is ongoing and expected to be completed by the end of July 2017. Further results will be released over the coming weeks.

Galaxy's Managing Director and CEO, Anthony Tse, commented: 'The new phase of drilling at James Bay was put in place to reinforce the scale of the pegmatite and the significant potential for further growth. James Bay's proximity to local infrastructure, including the accessible road networks, water and power supply are all natural advantages and key to the development of the Project. The Project Team will now focus on concluding the activities required on the resource upgrade campaign, in addition to progressing the work in relation to the Feasibility Study, both for the upstream mine and concentrator plant, as well as the downstream lithium conversion facility.'

The first ten drill holes returned significant intercepts including:

Drill hole JBL17-04, from 73.17m, 38.8m @ 1.65 Li2O %

Drill hole JBL17-08, from 12.85m, 48.10m @ 1.56 Li2O%

Drill hole JBL17-07, from 138.45m, 38.1m @ 1.50 Li2O %

Drill hole JBL17-11, from 118.9m, 48.60m @ 1.64 Li2O %

Including

from 118.9m, 1.40m 3.30 Li2O %

from 120.3m, 1.50m, 4.37 Li2O %

from 121.8m, 1.50m, 3.10 Li2O %

from 129.3m, 1.50m, 4.41 Li2O %

Assays have been received for 10 diamond holes for 1,205m of NQ drilling.

In addition, three drill holes, JBL17-16, JBL 17-17, and JBL 17-18 above, have discovered two new pegmatite dykes, which bring the total number of dykes in the James Bay pegmatite swarm to 33. Assay for these are not yet received.

ABOUT THE JAMES BAY PROJECT

The James Bay Pegmatite swarm is located It is 2 kilometers south of the Eastmain River and 100 kilometers east of James Bay. The property is accessible by paved road from the James Bay Road (highway) which cuts through the property close to the 381km road marker on the highway Route/109 from Val d'Or, Quebec, Canada. Val d'Or is approximately 526km westward from Montreal, Quebec. A large, multi-service truck stop is located at marker 381. The James Bay Lithium project is located 1,850 road kilometers from Montreal and 1,650 road kilometers from Quebec City.

Discovered in the 1960's and then known as the Cyr property it consists of a swarm of 33 pegmatite dykes of the zoned LCT (lithium-cesium-tantalum) type. Two new pegmatite dykes have been discovered in this current campaign. The lithium bearing mineral is spodumene and the pegmatites are the typical zoned type. The pegmatites intrude the Eastmain greenstone belt (Lower Eastmain Group), These consist of amphibolite-grade mafic to felsic metavolcanics, meta-sediments and minor gabbroic intrusions. A classified resource was reported at cut-off grade of 0.75% Li2O of 11.75Mt @ 1.30% Li2O (Indicated) and 10.47Mt @ 1.20% Li2O (Inferred) within a conceptual pit shell using a lithium carbonate price of USD 6,000, metallurgical and process recovery of 70%, mining and process costs of USD 64 per tonne and overall pit slope of 45 degrees. The current resource is based on 14,457m of diamond drilling and 201.3m of horizontal channel sampling. The pegmatite swarm strikes N 103 degrees E., dips steeply at 60 d egrees westward and forms a corridor of discontinues dykes of about 4km length and 300m wide. These outcrop to about 15-20m above the surrounding muskeg/swamp. Two exploration holes located within the 500m gap between dyke 15 and dyke 14 (at the western-end of the property) have discovered and unearthed two large pegmatites 38m and 42m thick respectively.

About Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.

Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.

Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.

Contact:

Nick Rowley
Tel: +61-8-9215-1700

Email: nick.rowley@galaxylithium.com

(c) 2017 Electronic News Publishing -, source ENP Newswir
http://www.4-traders.com/GALAXY-RES...g-Delivers-Thick-High-Grade-Results-24667639/
 

mark2017

Active member
Jan 25, 2017
657
1
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#30
The Galaxy Resources Limited (ASX: GXY) share price is up 9% to $2.03. This morning the lithium miner provided an update on its Mt Cattlin operation. According to the release, in June production at Mt Cattlin reached 14,038 dry metric tonnes, based on final recoveries of 61.3%. This was well ahead of its recovery rate targets of between 50% and 55%. As I said earlier, I think Galaxy is one of the best options in the resources sector right now.

http://www.fool.com.au/2017/07/06/why-these-4-asx-shares-have-posted-strong-gains-today-2/
 

mark2017

Active member
Jan 25, 2017
657
1
28
#33
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

Active member
Jan 25, 2017
657
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#38
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
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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.

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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/...es-for-a-decade-20170803-gxob9b#ixzz4ohMPYtLG
Follow us: @financialReview on Twitter | financialreview on Facebook
 

mark2017

Active member
Jan 25, 2017
657
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#40
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/why-the-northern-star-resources-ltd-share-price-is-climbing-today/