Exploration is poised to resume at Lucapa’s spectacular Little Spring Creek find in WA, where the company recovered 19 diamonds from one drill hole shortly before the wet season set in last year, while first production is looming at the Mothae diamond project. Plus, Nagambie hunts for Fosterville-style bonanza gold. Show More
Most know the success story that diamonds have been, however this has only been a relatively recent phenomenon, with the success story really only starting in 1938 when De Beers, with a ready source of diamonds, commenced a concerted push to build a market. With the discovery of the Montepuez... Show More
Despite a flat few months (and some EOFY selling), there continues to be strong investor interest and good value in the junior to mid-cap resources 18 months into the current cycle, particularly for those companies with quality management and projects. Gold is holding its ground at around US$1250/oz, and despite... Show More
The junior resources market is continuing the momentum that started in 2016. Although we saw the gold price, which has been one of the main drivers of the recovery in the sector, fall in the latter part of the year, it has now recovered and is trading back above US$1,200/oz.... Show More
OceanaGold Corporation has reported intervals of gold mineralisation typically in excess of 100 meters from the upper portion of the Horseshoe gold deposit at Haile, South Carolina. Some drill intervals have yielded very high grades including 41.9 metres at 22.3 g/t Au (down hole interval from 223.3 metres). The results... Show More
Breaker Resources has defined shallow mineralisation open to the south and at depth over an area of 2.2km x 1km after a third round of RC drilling. While higher grade vein intersections will attract investor interest, definition of a large shallow oxide gold system will be an important outcome. Orion... Show More
Lucapa (ASX:LOM) - I am breathing into a paper bag as I type. Stock is up 20% on the news that it has confirmed THREE more diamond bearing kimberlitic pipes at its Lulo project in Angola. I don't want to excite myself any further so I am trying to stick... Show More
Want to wear a pith helmet and own a diamond mine in Africa? Lucapa Diamonds (ASX:LOM) can provide all of the above, except the pith helmet. The stock was up 54% on Friday and 21% today. The excitement is due to confirming a kimberlitic pipe in Angola as containing diamonds.... Show More
Rio has announced a new China diamond strategy, with emerging play Kimberley Diamonds (ASX: KDL) up 600% over past year. Kimberley has continued its seamless transition to commercial-scale diamond production following the acquisition of the Ellendale diamond operation in Western Australia earlier in the year from UK-listed Gem Diamonds. Show More
China's diamond market is now the world's second largest after the US and has more than tripled to $22.8 billion over the past five years. De Beers sees China as driving growth over the next four years as the number of people buying diamond engagement rings has risen from less... Show More