Morning News Bites April 28

As coronavirus restrictions look to lessen across Australia, here are some news bites for today.

  • Over two million downloads of Australian Government Covid app
  • Strict Covid Measures taken by Northern Star has impacted production temporarily as March Quarter figures are released as progress is made at Pogo and KCGM Super Pit operations  https://www.asx.com.au/asxpdf/20200428/pdf/44h93r56nhcvxv.pdf
  • Exploration success at Carosue Dam and Thunderbox for Saracen as a record quarterly gold production is reported for March 2020 quarter https://www.asx.com.au/asxpdf/20200428/pdf/44h94nyypqcmdy.pdf
  •  BHP reveals that it is looking to increase iron ore shipping capacity in Port Hedland
  • Today is International Workers’ Memorial Day,  this years theme – Stop the pandemic: Safety and health at work can save lives.

Morning News Bites – April 24 2020

  • Mines Safety Levy in Western Australia to be reduced by 20 per cent to 17 cents per billable hour
  • WA Government announces support package for construction industry, the package includes $10 million to provide an immediate, one-off payment of $2,000 to employers of existing apprentices and trainees currently receiving Construction Training Fund (CTF) grant payments. 
  • Congress delivered a near on $500 billion aid bill for the United States. Around 50,000 people have lost their life due to Covid-19 in the US and one in six have lost their employment.
  • Oceana Gold announce May 14 for 1st quarter results
  • We are being encouraged to stand at dawn tomorrow on our driveways to commemorate ANZAC Day.

 

Morning News Bites – April 23

Industry news headlines to know for April 23 2020

  • Evolution Mining releases March quarterly with a 10% increase quarter on quarter to mine operating cash flow and no material impact from Covid-19 at this point https://www.asx.com.au/asxpdf/20200423/pdf/44h5jctxrhjqbn.pdf 
  • Drive through Covid-19 testing of 3000 Mineral Resources employees to days before heading to site set to become a policy at Mineral Resources. The testing will take place at two Perth locations
  • Galileo doubles drilling program for Fraser Range Project to begin tomorrow
  • The offer consideration for Ramelius Resources to take over Spectrum Metals has been declared final. Ramelius has a 77.48% share in Spectrum
  • The proposed acquisition of Broadspectrum by Ventia will not be opposed by the ACCC

Morning News Bites – April 22

News you need to know April 22

  • Orange Health Service’s COVID-19 response team is now receiving free family meals at the end of each shift, sponsored by Newcrest Mining’s Cadia operations, to support these health professionals and their families, as well as providing patronage to local catering companies.
  • Nagambie Resources first drill hole has commenced at Racecourse sulphide-gold target in the Waranga Province, Victoria. The area is prospective for a Fosterville style gold mineralisation. https://www.asx.com.au/asxpdf/20200422/pdf/44h4kjg4cw0f8t.pdf
  • How has South32 have come up with a novel way of stopping the spread of Covid-19 at Worsley Alumina:
  • Torian Resources has announced Dampier Gold has commenced earning a farm-in interest on its Zuleika Project that will deliver cost savings to Torian and allow further exploration in the WA Goldfields. https://www.asx.com.au/asxpdf/20200422/pdf/44h4qvlf3w94x7.pdf
  • Today is 50 years of Earth Day the theme this year is Climate Action.

Morning News Bites – April 21

Headlines you need to know – April 21 2020

 

 

 

 

 

 

 

 

Morning News Bites – Monday April 20

Welcome to a new daily update of information you should know!

Beacon Minerals Reveals Positive Panther Intercepts And International Prospects

The Panther prospect for Beacon Minerals has delivered some very positive results at shallow depth after results were revealed to the market.

Some highlights of the program included:

  • PBRC070 13 metres @ 16.4g/t Au from 9 metres including 1 metre @ 195g/t Au from 13 metres
  • PBRC071 11 metres @ 7.1g/t Au from 7 metres including 1 metre @ 53.5g/t Au from 7 metres
  • PBRC080 2 metres @ 32.5g/t Au from 40 metres including 1 metre @ 58.8g/t Au from 40 metres
  • PBRC081 3 metres @ 26.8g/t Au from 45 metres including 1 metre @ 69.0g/t Au from 45 metres

Beacon Minerals has also announced it has applied for two prospecting licenses in Timor-Leste covering an area of 12842 ha. Beacon has committed to a staged exploration program in Timor Leste subject to

  • Enactment of a Mining Code and granting of prospecting license
  • Potential participation by the Government on a basis to be agreed

In other news relating to Timor Leste, The Timor Leste Ambassador to Australia Mrs Ines Almeida and staff; and Mr Gualdino da Silva President of Autoridade Nacional do Petroleo e Minerais (ANPM) and staff managed to visit Beacon’s Jaurdi project recently.  Beacon has applied to be a sponsor for the 407 Training visa. This would allow for overseas candidates to stay in Australia for up to two years to complete work place based training to improve skills. The longterm intent is to enter into a training partnership with ANPM.

“Beacon is pleased with the steady production at Jaurdi Gold Project. We continue to review different options to reduce costs and take advantage of the increasing gold price. The on‐going COVID‐19 is monitored closely by Beacon and we have in place policies and procedures to ensure the safety of the staff, consultants and the wider community. “The Company’s continues to maintain its exploration activities with the on‐going exploration program at Panther and the review of additional exploration programs that we believe will add shareholder value. The Board would like to thank Mr Gualdino Da Silva, Mrs Ines Almeldia and their staff for visiting Jaurdi, showcasing Beacon’s ability to create value in a short period of time.”

The Jaurdi Gold Project produced 6905oz of gold for the March 2020 quarter with gold sales of 5,033oz at an average sale price of $2,346A$/oz. In to the next quarter, hedges of 1000oz per month are places at $2,331A$/oz for April, May and June.

 

Sykes Transport Powering On With Business

 

As a transport provider based in WA after starting in Geelong, Victoria in 1959, Sykes Transport is operating business as usual. General Freight services are continuing around WA and also interstate despite hard border controls. But the freight levels and loads for Sykes Transport continue and remain constant. The demand on logistics and the transport industry is quite profound at the moment. Air freight has become a luxury and some brands have opted to take express delivery away from options for purchasers. The express option generally involves air freight.

Sykes Transport however, continue to provide services in the same way day in day out. Managing Director David Sykes gave us an overview of how business was operating as usual.

“A very large part of our operation is to service those businesses that support the mining industry, both in the Goldfields and in the Pilbara. Those businesses are providing critical employment opportunities for locals. While we have had to change the way we do things, we have ensured that there is no change in our transport schedules or level of service. Right now that is more critical than ever.”

Mr Sykes says that the effect of the Coronavirus on the business from an operations point of view has meant implementing new structures and processes.

“While our customers may not have noticed any interruption to their usual level of service we have had to be diligent to ensure the safety of our staff and clients from the threat of Coronavirus. Some changes that we have implemented include splitting our operations and workshop staff into A and B teams, strict sanitary procedures in all vehicles and offices, controlling access to our depots in a manageable fashion, admin staff working from home and limiting interactions between our drivers and clients to name a few. As the threat and available information has continued to evolve, we have continued to update and implement new procedures.”

The crystal ball is not working in regards to a vision of the other side, yet Sykes Transport continues to look big picture.

“Our company was established in 1959 and we are very proud to have a trading history spanning greater than sixty years. While we have never experienced anything like the current Corona crisis in our past, we will continue to apply our proven strategy of collaboration, adaptation and innovation in order to best serve the needs of our clients through these difficult times and beyond. Internally that means updating our ISO business management systems and processes as necessary and externally it means keeping that critical dialogue and communication open with our clients to ensure we are meeting their needs.”

While things are still all going ahead well, Mr Sykes also added that he wished the best to those who are doing things tough in particular those affected by the legislation introduced that restricted trade to some industries.

“We have a tonne of empathy for those businesses that are doing it tough. There are lots of family businesses just like ours, that through no fault of their own are severely impacted by this pandemic. We are, purely by circumstance, considered an essential service and if in some small way we can make a difference to them by providing those essential transport services then it is both our duty and our pleasure to be able to help.”

Leo Dam Results Brings Significant Development Opportunity For Pioneer

Pioneer Resources have been buoyed by their latest drilling results announced to the ASX on Thursday 9 April.

The drilling programme at Leo Dam, ~25 kilometres south of Kalgoorlie, consisted of six reverse circulation holes totalling 1,771m with an average depth of 295m, the deepest hole reaching 403m.

In the release, Managing Director, Tim Spencer said, “We are very encouraged by the results from the recent drilling and DHEM survey at Leo Dam.  The fact that nickel sulphides were encountered in all six holes, including some broad strongly anomalous zones, is a significant development.  The results confirm that Leo Dam sits in a prospective channel for nickel sulphides – and there appears to be a strong EM conductor, which can indicate massive sulphides, below the depth of this drilling programme.”

Further work is planned within the next three to six months.  However the impact of Covid-19 could be a factor before further drilling takes place, including the extension of one of current drill holes.

Leo Dam, part of the Blair nickel sulphide deposit is classed as “Kambalda style”, with nickel sulphides accumulating at the “Basal Contact”.  It lies within a belt where some of Australia’s most productive gold and nickel mines have generated millions for the local economy.