MARKET WIRE REPORTING FROM THE NOOSA MINING & INVESTORS CONFERENCE

/MARKET WIRE REPORTING FROM THE NOOSA MINING & INVESTORS CONFERENCE
Gold 1

High-grade deep drilling results at Syama could push share price higher

It was just over a month ago that Market Wire highlighted the strong underlying metrics of Resolute Group’s Definitive Feasibility Study (DFS) reported towards the end of June. Of significance was the fact that the study showed all in sustaining costs for the total Syama gold mine would be US$881 per ounce.

The project is expected to produce 250,000 ounces per annum once the underground development is completed with an initial operating mine life of more than 12 years.

Gold 1

Asset split could unlock significant value for Metals X

Metals X is a very different company than it was when I interviewed management at last year’s Noosa Mining Conference with newly acquired gold assets successfully integrated and an important copper project about to be formally added to its portfolio.

Arguably the only similarity is that Metals X still remains undervalued relative to its current fundamentals, strong balance sheet and forward prospects.

When I featured the company last year its share price was trading in the vicinity of $1.10.

Mining 1

Greenstone provides support for Metro’s push towards production at Bauxite Hills

Metro Mining’s share price received a welcome boost just ahead of the Noosa Mining Conference as the company announced that private equity fund, Greenstone Resources had taken a 19.98% stake in the company for an investment of $8.9 million.

Metro Mining’s Bauxite Hill project is located in Cape York in Queensland. The company is in the process of developing an expanded project that would facilitate the production of 4 million tonnes per year of bauxite at high margins for a relatively low upfront cost.

Mining 1

A transformational year for Finders as it moves to strong profitability in fiscal 2017

I caught up with Managing Director of Finders Resources, Barry Cahill on Wednesday evening. He is presenting on behalf of the company at the Noosa Mining Conference today, and is looking forward to fleshing out the company’s achievements since last year’s conference given it has been a transformational year.

Finders’ Wetar copper project is located in Indonesia. As Cahill highlighted, most of the hard work in terms of building the 25,000 tonnes per annum copper cathode plant has been done.

Mining 2

It’s all in the processing technology for Graphitecorp

Shares in Graphitecorp (ASX: GRA) have more than doubled in the weeks leading up to the Noosa Mining Conference, increasing from circa 30 cents at the start of July to trade as high as 70 cents on Wednesday.

GRA is the operator of and exclusive marketing agent for the Mount Dromedary graphite project located near Cloncurry in Queensland. Washington H. Soul Pattinson has a 20% stake in the project via its wholly-owned subsidiary Exco Resources.

GRA is progressing the project towards feasibility and development and the group has undertaken a major test work program on its large-scale,

Mining 2

Renascor share price surges on back of high-grade drilling results

In the fortnight leading up to graphite play, Renascor Resources delivering the opening company presentation at the Noosa Mining Conference its share price has doubled from 1.6 cents to a high of 3.3 cents.

This mainly occurred on the back of drilling results from the company’s Siviour graphite project which showed high-grade graphite with assays for total graphitic carbon (TGC) of up to 20.5%, including one notable interval of 27 metres grading 13.3% TGC.

Management highlighted that the assay results confirmed continuity of high-grade graphite,

Oil 2

FAR looking substantially undervalued, particularly given prospect of takeover activity

On Thursday of last week, Market Wire highlighted the significance of Woodside Petroleum’s proposed acquisition of ConocoPhillips’ offshore Senegal oil exploration assets. In particular, I referred to the achievements of ASX listed, FAR, which has a 15% interest in the project.

FAR was an early mover in this region and as part of the joint-venture is the beneficiary of two large discoveries, one being a deepwater fan and the other a shelf edge play. Furthermore, the company has a strike rate of six hits from its last six wells drilled,

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Sundance Energy takeover talk likely to generate interest at Noosa Mining Conference

There is nothing like merger and acquisition activity to stimulate share price activity in any sector. On the eve of a number of oil and gas explorers and producers presenting at the Noosa Mining Conference over the next two days, Sundance Energy has announced that it has received an indicative, non-binding and conditional proposal from a US-based private equity manager to acquire all of the group’s shares at an indicative price of US$0.14 cash per share (circa AUD$0.18).

The company’s shares increased from Monday’s close of 10.5 cents to hit a high of 14.5 cents on Tuesday before closing at 14 cents,

better-trades

Armour Energy share price spikes 40% as good news keeps on coming

Armour Energy will be presenting at the Noosa Mining and Exploration Conference on Thursday, June 21. However, after a string of good news in the last week, it would seem Chief Executive, Robbert de Weijer will face a challenge in igniting further investor interest.

News released over the last week has seen the group’s shares increase nearly 40% from circa 6 cents to trade as high as 8.2 cents on Tuesday when the company announced a resource increase at its Roma fields.

Gold 1

Dacian delivers sharp upgrade in Jupiter measured and indicated resource

The highflying share price of emerging Western Australian gold producer Dacian Gold could receive another boost on Tuesday morning after the company announced a 69% increase in the measured and indicated resource at its Jupiter prospect.

The total Jupiter prospect mineral resource has increased by 19% to 1.4 million ounces

Importantly, 82% of the total Jupiter prospect mineral resource is classified in the measured and indicated mineral resource categories with 816,000 ounces lying within 150 metres of the surface.