Equities
Mincor is positioning to cash-in on the lithium battery boom as a supplier of the nickel which is crucial to battery production. Plus, investors’ eyes turn to PolarX as Alaska’s new field season beckons. The Kambalda nickel camp is stirring again, some 53 years after WMC (acquired by BHP in 2005)... Show More
Rio has finally coughed up to a substantial copper discovery in the Pilbara. Predictably, its language was measured. But seasoned observers say it is a monster, with some suggesting it could exceed 20Moz of gold-equivalent. Plus, Chalice awaits first results from drilling near Victoria’s rich Fosterville gold mine. Show More
Details of Rio’s reportedly-huge copper find in WA continue to leak. Following last week’s aerial photos showing a 56-man camp and drill rigs, this column can now reveal the project apparently has a name: Winu. Of course, Rio refuses to confirm this – presumably because that would confirm the discovery... Show More
A usually-overlooked departmental document has lifted the lid on the size of Mark Creasy’s base metals find in WA – and it is fuelling speculation that Independence Group will be keen to gets its hands on it. And speaking of discoveries, there is growing interest in Great Boulder’s drilling campaign. Show More
Exclusive: Prospector Mark Creasy confirms he has made a big base metals find in WA. Creasy’s deposit is 25km from Independence’s Nova-Bollinger project, fuelling speculation that a deal is around the corner. And exploration is hotting up at PolarX’s Alaska Range project, causing this week’s raising to be heavily over-subscribed. Show More
Independence Group’s announcement this week of a $21m exploration agreement with prospector Mark Creasy only served to fuel talk they are working on a much bigger deal. And this satellite image shows why many believe there is much more to come. Plus, knocked-down explorer Explaurum fights back with strong results. Show More
Word on the street is that prospector Mark Creasy has made a large nickel-copper discovery 25km from Independence’s Nova project .. and Independence is negotiating to buy it from Creasy, who is also its biggest shareholder. Plus, more exploration results fuel talk of Rio’s ‘big copper find in WA’. Show More
Yesterday I sat down with Peter O’Connor, our Resource Analyst at Shaw and Partners. According to Bloomberg rankings, Peter is the No 1 rated analyst for BHP, RIO, Alumina (AWC) and Independence (IGO) – so his views clearly hold weight. Show More
Another solid performance from local stocks today bucking the negative overseas lead – the Dow Jones down -146pts / 0.61% overnight yet we rallied +0.54% today continuing our recent period of outperformance. The banks the main driver which would have come as a surprise to some (not MM) with the... Show More
This time last year we wrote a piece on Livewire calling a short-term top for resources, targeting a correction of around 10% before we became buyers once again, which you can see here. As it turned out, resources did retreat by a little over 10% affording us an attractive buying... Show More
