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News.com.au
18-07-2025
- Business
- News.com.au
Resources Top 5: High-grade Ethiopian copper results see Askari take off
High-grade copper revealed in review of data from Ethiopian project Graphite stocks have benefitted from a US antidumping tariff on Chinese producers Investors are warming to Falcon Metals as its Victorian gold story develops Your standout small cap resources stocks for Friday, July 18, 2025. Askari Metals (ASX:AS2) After revealing high-grade copper hits in a review of data from its newly acquired Nejo project in Ethiopia, Askari Metals doubled to 1.6c on volume of more than 84m. Historic drilling at the Katta Target returned 14.33m at 3.2% Cu at end of hole from 25.3m and 35.51m at 0.82% Cu from 152.55m in a hole drilled ~100m down dip. The review shows that seven diamond drill holes were completed at the Katta 2 Target and revealed six copper-bearing gossans. One mineralised gossan has a mapped strike length in excess of 600m, is up to 30m wide and remains open along strike and depth. Nejo is sitting on a district-scale 1174km2 landholding in the heart of the Arabian-Nubian Shield, surrounded by multi-million-ounce gold deposits and barely scratched by modern exploration. It is in the same greenstone belt as the 3.4Moz Kurmuk mine of Allied Gold (TSX: AAUC) and surrounds the 1.7Moz Tulu Kapi mine of Kefi Gold + Copper (LSE: KEFI). As well as the Tier-1 geological setting, there is low geological risk and an extensive exploration history, which assist in putting Askari on a pathway to a potential JORC 2012 mineral resource estimate via systematic confirmatory drilling. 'Validating our acquisition strategy by analysing and digitising the historical exploration data has been our first priority at Nejo,' executive director Gino D'Anna said. 'The copper and base metal mineralisation data from our Katta Target, located on the northern-most licence, includes historical diamond drilling completed by UNDP between 1967 and 1973. This drilling identified high-grade copper mineralisation. 'Despite these high-grade intercepts across wide thicknesses, there is an absence of systematic exploration, and this is a key opportunity for Askari Metals to unlock the potential of these targets through modern, systematic and focused exploration. 'We are excited to unlock the full potential of this project and deliver meaningful exploration milestones in the near term and emerge as a major African Gold and Copper Developer." ASX graphite stocks have been beneficiaries of a US move to slap 93.5% antidumping tariffs on Chinese producers of natural and synthetic graphite, lifting the total effective tariff rate to 160% when you stack on earlier duties and Trump's blanket tariffs. The measure was lobbied for by a consortium of American graphite hopefuls, including Novonix (ASX:NVX) and Syrah Resources (ASX:SYR), which are attempting to establish synthetic and natural graphite based battery anode material factories in the US. NVX shares charged 21.3% to a daily top of 57c with more than 25m shares exchanged after the preliminary determination by the US Department of Commerce while SYR improved 38% to 40c on volume of more than 29m. Another company looking to break China's hold on the supply chain for the key battery metal is Renascor which moved up 20% to 7.2c. It recently secured what it says is the final tenure requirement for its integrated mine to anode material project in South Australia. A three-year option agreement with a farm operator will secure an accommodation site in the community of Cleve to support the future construction and mining workforce for its Siviour graphite mine on the Eyre Peninsula. This will provide the company's staff with living arrangements in a well-serviced community just 30km from Siviour. It's the latest in a string of development wins for Renascor, which include the acquisition of the land under which the Siviour deposit sits and the conditional approval of its full-scale commercial purified spherical graphite plant in Bolivar. Siviour looms as a key opportunity for the West to break its reliance on Chinese material, which has helped suppress prices in the low US$400/t range for the graphite product most used as anode materials feed. But that can't last forever as demand increases, and Western customers and governments increasingly look for competition from non-Chinese suppliers. Falcon Metals (ASX:FAL) (Up on no news) Investors are warming to Falcon as its gold story develops and shares reached 74c, a high of more than three years and a 46.54% increase on the previous close, before ending the day up 31.7% at 66.5c. The company is active in central Victoria with its Blue Moon prospect appearing to be an extension of the Bendigo Goldfields, which has produced 22Moz. Supporting this, the company recently returned bonanza grades with visible gold in its first wedge hole. The hit came in at 1.2m at 543g't from 544.2m, including 0.6m at 557g/t from 544.2m and 0.6m at 529g/t from 544.8m. 'The early success from the first phase of drilling shows the untapped potential of the Bendigo Goldfield as it continues northwards through Falcon's ground and we look forward to seeing the results as we get closer to the fold hinge where Bendigo-style saddle reefs could occur,' MD Tim Markwell said. Falcon also has decent backing, being a spinout of Tim Goyder's Gonneville nickel-copper-PGE discoverer Chalice Mining and with former Sirius Resources head honcho and S2 Resources boss Mark Bennett as its chair. Hillgrove Resources (ASX:HGO) Operational improvements at the Kanmantoo mine in South Australia are expected to result in increased near-term production for Hillgrove Resources (ASX:HGO), which lifted 8.33% to 3.9c. The improvements are already having an effect with mine development rising 10.7% to 2011m and ore processing increasing 11.7% to 353,000t during the June quarter. This is expected to lead to increased production after HGO recorded lower production of 2593t at a grade of 0.77% Cu in Q2. Accelerated work at the new Nugent underground mine will lift production rates as the mine ramps up and the removal of bottlenecks and an improvement in stope cycles will also increase output. 'A significant milestone was also achieved with the first ore from Nugent mined and processed ahead of schedule,' MD and CEO Bob Fulker said. 'Overall, Hillgrove enters the second half of the year with a strong operational base, a growing pipeline of resources and a clear strategy to lift production and drive long-term value creation.' (Up on no news) Caesium is a critical mineral essential for high-density drilling fluids, atomic clocks and advanced electronics, including military applications, and Perpetual is one of very few companies with an active exploration play, Igrejinha in Brazil. Although often found alongside lithium in LCT pegmatites, the caesium is found in pollucite, which generally is a small part of the pegmatites. As such, pollucite-bearing deposits are scarce with one primary caesium mine operating globally. That's Tanco in Manitoba, Canada, owned by China's Sinomine. At Igrejinha, PEC has identified spodumene and potentially high-value pollucite based on visual observations and pXRF readings in maiden drilling. Portable XRF readings returned up to 41.5% caesium, while rock chips delivered up to 7.6% and 7.5% Li2O, as well as 5.3% caesium. 'With few active caesium explorers globally – Power Metals Corp in Canada being a notable example – the company sees an opportunity to advance a high-potential target,' PEC executive chairman Julian Babarczy said. 'And with half of our drill program still to come, we're only just scratching the surface.'
The Market Online
03-07-2025
- Business
- The Market Online
Desert Gold's ingenious move: How the untapped gold anomaly and upcoming PEA could significantly enhance your portfolio
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. What if there were a vast, largely unexplored area right next to some of West Africa's most productive gold mines? And what if strong gold traces had already been found on surface, but no drill had ever been set up there? Desert Gold Ventures (TSXV:DAU) is now seizing this opportunity with the Tiegba Project in Ivory Coast. The deal is more than just a new exploration field. It is a strategically astute move with the potential to fundamentally transform the Company. Investors looking for exceptional opportunities in the commodities sector would be well advised to take a closer look. Tiegba: A sleeping giant awakens At the heart of the new project is a massive gold-in-soil anomaly in Côte d'Ivoire. It covers an impressive area of 4.2 km long and 2.1 km wide in the high-grade Birimian gold belt. Historical data, originally collected by Newcrest Mining, reveal high values, with peaks exceeding 900 ppb gold and dozens of samples ranging from 50 to over 200 ppb. Such concentrations are significantly higher than what is typical for this region. What makes this anomaly unique is that it has never been drilled. A site visit by the Desert Gold (TSXV:DAU) team in March 2025 confirmed the findings as 'in situ' – meaning the gold likely originates from the underlying rock and has not been transported from elsewhere. The anomaly is located along the regionally significant Tehini Shear Zone, a geological structure known to host gold and which is also being successfully explored on neighboring properties. Tiegba is also in excellent company. Within reach are multi-million-ounce deposits such as Agbaou (Allied Gold), Bonikro/Hire (Allied Gold), and the major Yaouré mine (Perseus Mining). The geology is similar to that of the well-known Bonikro-Agbaou district, featuring promising calc-alkaline intrusions and structural contacts – classic traps for gold mineralization. Despite these promising signals and the strategic location, systematic exploration has only been carried out on less than 20% of the 297 km² concession area. This is where the considerable upside potential lies. Location map of the Tiegba Project. Source: Desert Gold The deal: Clever, inexpensive, forward-looking How do you secure a project like this? Desert Gold opted for an option agreement with Flower Holdings, a local private company. The terms are remarkably favorable and demonstrate skillful negotiation. Desert Gold will pay a total of USD 450,000, of which USD 150,000 will be paid immediately and the remainder in two further installments, and will issue 1.5 million common shares, also in three tranches. Upon fulfillment, the Company will receive 90% of Tiegba. Flower will retain 10%, contribute this free of charge until the feasibility study is completed, and receive an additional 1% net smelter royalty (NSR). It is important to note that Desert Gold has secured a right of first refusal on this NSR and the remaining 10% should Flower wish to sell. Operational control will remain with Desert Gold during the option period. This deal is not only financially attractive, but also strategically smart. The Ivory Coast has established itself as one of the most stable and investor-friendly mining jurisdictions in West Africa. Fast approvals, good infrastructure, growing gold production, and the presence of global players such as Barrick Mining and Endeavour Mining speak for themselves. For Desert Gold, Tiegba represents a welcome diversification away from its sole focus on Mali. It transforms the Company from a single-project explorer in Mali into a regional player with two promising footholds in West Africa. This reduces the specific country risk and significantly increases the attractiveness for potential partners or buyers. The roadmap: Fast and cost-efficient to the goal Given the clear geological signature, Desert Gold is committed to a rapid, cost-efficient exploration program. The goal is to define drill-ready targets within a few months. The plan includes: Geological precision: Targeted trenching, detailed geological mapping and prospecting to verify mineralization directly in the rock, and collect samples. Geophysical verification: Airborne magnetic and IP resistivity surveys over the entire area to reveal the underground structural architecture and promising zones. Validation & expansion: 3,000 m of infill and expanded ground sampling to better define existing anomalies. The required budgets are manageable. The first steps to define drill targets are expected to cost only about USD 100,000. An initial drilling program of approximately 3,000 m is likely to cost around USD 200,000. These funds are already covered by the exercise of outstanding warrants, which gives the Company planning security and avoids dilution through an immediate capital increase. A major advantage is the experienced team. The geologists and managers can seamlessly apply their knowledge from Mali to Tiegba, as the geological conditions are similar and the cultural environment is familiar. Perfect timing: More than just a new project The launch of Tiegba comes at an extremely favorable time for Desert Gold: Mali PEA nearing completion: The long-awaited preliminary economic assessment (PEA) for the flagship SMSZ project in Mali is expected soon. With gold prices currently at record highs, economic indicators such as NPV and IRR are likely to be particularly attractive. This study serves as a key valuation anchor and a potential price driver. Gold price tailwind: The high gold price not only dramatically improves the economics of the Mali project, but also increases the implied value of undiscovered resources in the ground, not only at the SMSZ project, but also at the new Tiegba Project. It makes exploration successes even more valuable. Operational synergies: While Mali is currently in its rainy season, which lasts until October, the team can focus fully on preparations in Côte d'Ivoire. No waste of resources, just optimal utilization. M&A horizon expanded: With two projects in two attractive West African countries, Desert Gold is becoming significantly more attractive to potential acquirers. The proximity to Allied Gold in Tiegba or to majors such as Barrick and B2Gold in Mali offers concrete points of contact. Analysts at GBC Research already see considerable upside potential, which is further supported by Tiegba and the Mali PEA. The price target is CAD 0.425. Against this backdrop and compared to large gold producers, the current market capitalization of around CAD 20.5 million at a current share price of CAD 0.085 appears very attractive. Chart for Desert Gold as of July 1, 2025. Source: Refinitiv Desert Gold Ventures offers more than just a new exploration project with the Tiegba deal. It represents a combination of a rare geological opportunity, a vast, high-grade and undrilled anomaly in a prime gold belt, with a financially and strategically cleverly negotiated acquisition in a first-class jurisdiction. The clear, low-cost work plan is aimed at rapid proof of concept. This step also comes at the perfect time, flanked by the upcoming Mali PEA and the tailwind of strong gold prices. For risk-aware investors who understand the leverage potential of early-stage exploration successes and believe in the strategic vision of a diversified West African player, Desert Gold represents a fascinating, albeit speculative, opportunity. The market does not yet appear to have priced in the full extent of this combination of opportunities. It is worth following developments closely. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a 'Transaction'). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships. For this reason, there is a concrete conflict of interest. The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies. Risk notice Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such. 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It is a sponsored communication intended to inform investors and should not be taken as a recommendation or financial advice.
TimesLIVE
10-06-2025
- Business
- TimesLIVE
Canada's Allied Gold could look at options for power supply deal at Mali mine
Canadian miner Allied Gold could look at alternative options for a power supply deal at its Sadiola mine in Mali following a surge in gold prices and the emergence of new opportunities, its CEO told Reuters in an interview on Monday. The gold miner signed an agreement in February with UAE-based Ambrosia Investment, giving Ambrosia a 50% stake in the mine in return for installing a new power supply system that would have improved the mine's costs. Allied Gold was also supposed to receive $500m (R8.86bn), with approximately $250m (R4.43bn) in upfront cash consideration from Ambrosia. The deal is yet to close. Allied Gold CEO Peter Marrone said the deal may close in June — but if it does not, it is because other options have become available to the company. "Our position in the country has changed dramatically along with gold prices," Marrone said. "The world has changed since we put the deal together." Gold prices have surged nearly 30% this year to date and hit a record $3,500.05 per ounce on April 22. Ambrosia Investment did not immediately respond to a request for comment.
Yahoo
10-06-2025
- Business
- Yahoo
Allied Gold explores new power supply options for Sadiola mine
Canadian miner Allied Gold is contemplating alternative options for a power supply deal at its Sadiola mine in Mali, CEO Peter Marrone stated in an interview with Reuters. This move follows a surge in gold prices and the emergence of new opportunities. Allied Gold signed an agreement in February with United Arab Emirates-based Ambrosia Investment, granting Ambrosia a 50% stake in the mine in exchange for installing a new power supply system aimed at reducing operational costs. The agreement, which includes a provision for Allied Gold to receive $500m (C$684.92m), with approximately $250m in upfront cash consideration from Ambrosia, has yet to close. Marrone indicated that while the deal may close in June, the company is open to exploring other options if they become available. 'Our position in the country has changed dramatically along with gold prices. The world has changed since we put the deal together,' Marrone said. Gold prices have surged nearly 30% this year to date, reaching a record $3,500.05/oz on 22 April. Ambrosia Investment did not immediately respond to a request for comment regarding the deal. Marrone noted that the landscape of power solutions for Allied Gold shifted significantly after the company signed a new mining convention with the Mali Government last year. Mali is Africa's third-largest gold producer and the military-led government is keen to increase revenue from the mining sector. The government has expressed concerns that current arrangements are unfair and has stated that foreign multinationals must comply with its demands to continue operations. The country is currently in dispute with another Canadian miner, Barrick Mining, the only gold miner that has not signed Mali's new mining code. Barrick is seeking World Bank arbitration over a possible government takeover of its Loulo-Gounkoto gold complex in the country. Allied Gold has adopted a pragmatic approach to settling with the government. 'We looked at how best we can deliver returns to our investors, and came to the conclusion that let's take an action based on cooperation and support,' Marrone said. "Allied Gold explores new power supply options for Sadiola mine" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
10-06-2025
- Business
- Zawya
Canada's Allied Gold could look at options for power supply deal at Sadiola mine
TORONTO - Canadian miner Allied Gold could look at alternative options for a power supply deal at its Sadiola mine in Mali following a surge in gold prices and the emergence of new opportunities, its CEO told Reuters in an interview on Monday. The gold miner signed an agreement in February with UAE-based Ambrosia Investment, giving Ambrosia a 50% stake in the mine in return for installing a new power supply system that would have improved the mine's costs. Allied Gold was also supposed to receive $500 million, with approximately $250 million in upfront cash consideration from Ambrosia. The deal is yet to close. Allied Gold CEO Peter Marrone said the deal may close in June, but if it does not, it is because other options have become available to the company. "Our position in the country has changed dramatically along with gold prices," Marrone said. "The world has changed since we put the deal together." Gold prices have surged nearly 30% this year to date and hit a record $3,500.05 per ounce on April 22. Ambrosia Investment did not immediately respond to a request for comment. Marrone said the universe of power solutions for the company changed dramatically after Allied Gold signed a new mining convention with the Mali government last year. Mali is Africa's third-largest gold producer and the military-led government wants to increase revenue from the mining sector. The government believes current arrangements are unfair and has said that foreign multinationals must comply with its demands if they want to continue operating. The country is in dispute with another Canadian miner, Barrick Mining, which is the only gold miner that has not signed Mali's new mining code. Allied Gold said it took a pragmatic approach to settling with the government. "We looked at how best we can deliver returns to our investors, and came to the conclusion that let's take an action based on cooperation and support," Marrone said. Allied Gold, already listed in Toronto Stock Exchange, began its dual listing on Monday on the New York Stock Exchange.
