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Red 5 Upgrade Mineral Resource for Satellite Pit. Red 5 Limited RED) reported an updated Mineral Resource and maiden Ore Reserve estimate for their Great Western gold deposit, a satellite deposit located near Red 5’s Darlot Gold Mine in Western Australia, ahead of the planned commencement of open pit mining in January 2021. The Great …
Morning News Bites – September 2
In Today’s Morning News Bites for September 2. Former Facebook CEO says new ban on news ‘threatens all Australians’. China announces suspension of Barley imports from Australian CBH Grain. De Grey Mining Limited reports an update at the Hemi Gold Discovery. De Grey Mining Limited reported the following drilling update at the Hemi Gold Discovery, located approximately …
Morning News Bites – August 27
Woolworths recorded boom sales, but the impact of COVID-19 and one off costs have added up, Independence Group record a 12.5% increase to revenue and Flight Centre recorded a $510m underlying loss before tax. Drilling services provider Boart Longyear has announced revenue of US$309M down around US$79M this morning. Net cash flow from operating activities …
Morning News Bites – August 24
In Today’s Morning News Bites for August 24. Fortescue Metals report 49% increase in net profit to a record $US4.7bn. QLD reports one new COVID-19 case overnight. Liberal call for branch clean-out. Fortescue Metals report strong results from FY20, exceeding production guidance with 178.2 million shipments of iron ore for the full year. Costs remain low: C1 …
Morning News Bites – July 24
In today’s morning news bites – Gold nears 1900US/oz overnight (~$2644A/oz), National cabinet meets today and Apple delays its iPhone 12. A first diamond drill hole for Talisman Mining has resulted in 0.81m @ 2.34 g/t Au from 467.1m Including 0.14m @ 4.10 g/t Au from 467.1m and 0.45m @ 1.34 g/t Au from 491.5m at …
Morning News Bites – July 20
Prime Minister Scott Morrison’s popularity has increased to its highest level in 12 months in the latest Newspoll, COVID-19 spread in New South Wales attracting more concerns and interest around Newmont and Northern Star Resources as NSR let lapse its exclusive purchase rights according to the AFR. Classic Minerals has purchased a Gekko Processing Plant to …
