Break it Down: Hillgrove on track for copper guidance
In this episode, host Tylah Tully looks at Hillgrove Resources' (ASX:HGO) progress toward hitting production guidance at its Kanmantoo copper mine in South Australia.
The company reports it is on track to hit up to 14,000t of copper, at a time when the metal has been trading in a range of US$4.5-5 per pound.
While Hillgrove Resources is a Stockhead advertiser, it did not sponsor this content.
Originally published as Break it Down: Hillgrove on track for copper guidance
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Herald Sun
32 minutes ago
- Herald Sun
Arika's search for golden game changer
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 'Garimpeiro' columnist Barry FitzGerald has covered the resources industry for 35 years. Now he's sharing the benefits of his experience with Stockhead readers. In a $5100/oz-plus Aussie gold market there is nothing quite like a big targeted exploration program in a prodigious gold region to get the interest up. And so it is with Arika Resources (ASX:ARI), which has been attracting followers of late on the strength of its 10,000m drilling program at two projects in the Leonora-Laverton district. It is funded for the hunt after a $5 million capital raise in May and at a share price of 3.9c for a market cap of $33.5 million, Arika has plenty of leverage to exploration success. Investors won't die wondering with this one, as there will be a steady flow of exploration results over the next 6-12 months. Both of the company's projects – Yundamindra and Kookynie – are surrounded by the region's big name producers like Genesis, Northern Star and Gold Fields, among others. As recent activity in the region has demonstrated, there are plenty of options around toll treatment/ore purchase/acquisitions should Arika work up a deposit that is measured in the hundreds of thousands of ounces rather than the millions of ounces category. Arika is after the big discovery for sure. It's just that in this gold price environment there is plenty of value to be had with smaller finds. Think of it as a potential value backstop while Arika continues the hunt for the game changing discovery. Where is the game changer? Both of Arika's projects are peppered with historic workings which are obvious drilling targets. But there are also a bunch of targets hidden from oldtimers by cover. Geophysics and geochemical work leading up to the drilling program has taken what could be called high-priority targets to more than 50. Arika reported first results from drilling at the F1 Fault at the Landed at Last prospect at Yundamindra on Monday. The best intercepts included 4m at 41.56g/t from 52m and 27m at 2.45g/t from 61m, and they've served to rev up interest in the stock. F1is one of several north-east trending structures which cross-cut Landed at Last's mineralisation towards the northern end of what Arika, without blushing, calls the Yellow Brick Road. It is a mineralised structural corridor than extends for more than 16km along the western flank of the Yundamindra syncline. A 10km section of the Yellow Brick Road is dotted with historical workings. Despite its location and history of gold mining, the Yundamindra area has only ever been lightly explored. What modern era drilling was conducted by previous owners was mostly shallow at less than 50m. Before the latest drilling Arika tested for depth extensions, with the deepest hole to date at the prospect returning a super encouraging 14.8m grading 3.1g/t from 87m. More where that came from Arika boss Justin Barton said on Monday that it was important to remember that F1 was just one of the many under-explored prospects along the Yellow Brick Road. Garimpeiro reckons Dorothy most likely agrees. The drill rig motored on from F1 to another highly ranked prospect called Bonaparte (assays pending) and is now testing the Banjo's Camp prospect. As indicated earlier, assay results from the drilling campaign will be rolled out on a regular basis. Over at Kookynie, Arika shares tenement boundaries with Genesis Minerals (ASX:GMD) . An aeromagnetic survey has been completed at the Ithaca prospect, which sits immediately along strike from Genesis' Ulysses gold mine. Like the prospective areas at Yundamindra much of the prospective ground at Kookynie is on mining leases, which means if there is a near-term opportunity to monetise a smallish discovery while the search for the big one goes on, Arika will be able to act quickly. Originally published as Barry FitzGerald: Prodigious gold region a yellow brick road for Arika
News.com.au
2 hours ago
- News.com.au
Treasurer Jim Chalmers says ‘not surprising' Australia's birthrate has slowed but rejects bringing back baby bonus
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That's the main difference,' he said. 'Our political opponents … haven't said how they would fund that, how they would pay for that, whereas we've been carefully budgeting all this help for parents in our budgets and providing that in an ongoing way. 'We're always in the market for ideas about ways to support families. We've got all this cost-of-living help rolling out, (like) all the childcare changes. All of that, I think, demonstrate a willingness on our part to support families (in making) decisions about whether they want to have kids or have more kids.' Mr Chalmers says the 'generational anxiety' plaguing Australia youth simultaneously contending with rising house prices and inflation will also be a touchstone ahead of the economic reform roundtable, which at one point was called the productivity roundtable before it was quietly changed. 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News.com.au
2 hours ago
- News.com.au
Why every Australian is losing $3600 a year as a result of Australia's failure to tackle productivity
Treasurer Jim Chalmers has put a price tag on Australia's failure to make big productivity gains in the last decade warning it is costing every Australian thousands of dollars in lost wages. Ahead of the Albanese Government's economic roundtable set to kick off in Canberra next week, the government is laying out the problem it insists is a major focus of its second term: productivity. And the cost of that failure to boost productivity is having a real impact on Australians' ability to secure a pay rise and businesses' ability to turn a profit. It's a factor in why it's harder to buy a family home, pay for the groceries at the shops and why it takes too long to build infrastructure and build new homes. In simple terms, productivity means producing more goods and services from the same inputs – using new skills or technologies such as artificial intelligence or by coming up with more effective ways to work. But Australia's productivity gains have stalled, leading some workers and businesses to feel they are going backwards. New data prepared by the Albanese Government claims the productivity slowdown under the Coalition government is costing Australians as much as $3600 a year in lost income. 'The wasted decade under the Coalition is costing Australians dearly,'' Treasurer Jim Chalmers told 'This big drop in productivity growth has hit Australians in the hip pocket. 'Our predecessors ignored the warning signs and people are paying the price for it. 'We don't intend to waste the next decade like our predecessors wasted the last. 'We don't pretend it will be easy and it certainly won't be quick, but we've got a big and broad agenda aimed at tackling this productivity challenge and we're keen to add to it where we responsibly can.' The arithmetic on the $3600 cost is based on the idea that productivity was growing at 2 per cent per annum when the Coalition came to office but just 0.1 per cent per annum in the year before Covid-19 hit. According to the Albanese Government, if productivity had grown at 1.5 per cent - as forecast in the Budget - instead of 0.9 per cent in the six years prior to Covid, the level of real and nominal GDP would have been 3.6 per cent higher at the start of the pandemic. Even allowing for the volatility since then, the Treasurer argues that the 3.6 per cent shift in the level of nominal GDP is equivalent to around $3600 in lost income per capita in 2023-24. Dr Chalmers said the figures underlined why the Albanese Government was determined to talk about solutions. 'This is about setting the next generation of Australians up for success long after the next election cycle,'' he said. 'It's about higher wages, higher living standards and a better future for our children and grandchildren.' Business leaders have suggested one way forward is reduced regulation and lower tax. Unions have suggested a four day working week, negative gearing reforms and changes to capital gains tax. Lower pay rises, weaker consumer spending, softer business profits and declining living standards is the problem the government wants to tackle. The Treasurer has previously suggested that the productivity debate has 'focused too narrowly on one or two issues', and that the task now is 'broadening that focus out'. 'The challenge, however, is immense. Our productivity growth over the past decade was the worst in 60 years,'' Business Council of Australia chief executive Bran Black said. 'And yet, with all shoulders to the wheel, and agreement on what can and must be done, we believe Australia is capable of much more over the next decade. 'Here's how: First and foremost, we need to deliver our major projects and endeavours faster. It's not acceptable that building a renewable energy project in Australia can take more than two years of approvals before shovels are in the ground. 'Countries that get there faster will deliver better and more outcomes for their citizens, and that's why we're determined to work constructively with the government on implementing federal project approvals and reforms that get it right for both the environment and for business.'
