Latest news with #FiretailResources
Herald Sun
04-08-2025
- Business
- Herald Sun
Break it Down: Firetail bags $5m to fire up its gold and copper hunt
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully unpacks the latest from Firetail Resources (ASX:FTL), which has raised $5 million in a strategic placement to advance its copper and gold portfolio. Watch the video to learn more. While Firetail Resources is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Firetail bags $5m to fire up its gold and copper hunt Stockhead The ASX dips on weak US jobs and oil slump, but gold shines and Beach lifts on surprise dividend. Stockhead Gold prices have led to an historic boom for ASX miners. But rising costs could gnaw at the gains.
News.com.au
04-08-2025
- Business
- News.com.au
Break it Down: Firetail bags $5m to fire up its gold and copper hunt
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully unpacks the latest from Firetail Resources (ASX:FTL), which has raised $5 million in a strategic placement to advance its copper and gold portfolio. Watch the video to learn more. While Firetail Resources is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Firetail bags $5m to fire up its gold and copper hunt
Yahoo
27-07-2025
- Business
- Yahoo
Several Insiders Invested In Firetail Resources Flagging Positive News
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Firetail Resources Limited (ASX:FTL), it sends a favourable message to the company's shareholders. Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Firetail Resources Insider Transactions Over The Last Year The insider Brett Grosvenor made the biggest insider purchase in the last 12 months. That single transaction was for AU$80k worth of shares at a price of AU$0.04 each. We do like to see buying, but this purchase was made at well below the current price of AU$0.092. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive. While Firetail Resources insiders bought shares during the last year, they didn't sell. They paid about AU$0.048 on average. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Check out our latest analysis for Firetail Resources Firetail Resources is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Insider Ownership Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Firetail Resources insiders own 8.4% of the company, worth about AU$2.9m. However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing! So What Does This Data Suggest About Firetail Resources Insiders? It doesn't really mean much that no insider has traded Firetail Resources shares in the last quarter. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think Firetail Resources insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Firetail Resources has 4 warning signs (and 2 which are a bit unpleasant) we think you should know about. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
09-07-2025
- Business
- News.com.au
The ASX explorers preparing to drill baby, drill in the land of opportunity
US President Donald Trump's "drill, baby, drill" slogan has miners hopeful of an American mining renaissance ASX players including Firetail Resources, Resolution Minerals, Locksley Resources and Codrus Minerals are taking advantage of a bullish development landscape Executive orders to boost minerals production could be "transformative" for explorers US President Donald Trump's promise of more mining friendly policies has seen Australian explorers flock across the Pacific and boosted the prospects for those already there. While the 'drill baby, drill' slogan dates back to 2008 and was first coined to promote US oil and gas production, Trump re-used it late last year and has since signed a flurry of executive orders which aim to promote domestic minerals production. Despite ranking second globally for copper reserves, third for potash and fourth for gold, as well as being a top five producer of platinum, gold, copper and palladium, S&P Global Intelligence pointed out the US mining industry faces several hurdles, including declining discovery rates and long project development times. It also noted that the recently signed executive orders could be transformative. Exploration activity in the US was already bucking the trend, rising over the past four years to reach a near-record US$1.65 billion last year. In the first six months of 2025, S&P Global Intelligence Metals & Mining research director Kevin Murphy told Stockhead 1440 holes were completed at 91 distinct projects in the US, half of which were gold projects. However, that was down from the 1907 drill holes reported in the first half of 2024 across 105 properties. Last month, Toronto-listed drilling contractor Major Drilling reported that weak market conditions for juniors and the uncertainty surrounding tariffs had delayed some exploration programs in North America but it was confident work was ramping up. The ASX market has been much more favourable for juniors than North American markets, which, when combined with more supportive mining policies, may explain the flood of Australian juniors flocking to the US. Conga line Last month, Firetail Resources (ASX:FTL) announced the acquisition of two high-grade gold projects in the US, the Excelsior Springs gold-silver project in Nevada and the Bella project in South Dakota. The company had been looking for opportunities in the US for the past nine months. 'We think we are the start of a big conga line that I think will be heading into that part of the world due to the opportunities that are there,' Firetail managing director Glenn Poole told The Hole Truth podcast this week. 'The ASX is a good platform, but Australian opportunities are getting rarer and rarer, so we have to go a bit further afield, and places like the USA are very amenable to mining.' Poole said both projects had been previously held by 'distressed' juniors which weren't being rewarded for exploration success. At the more advanced Excelsior project, recent drilling has returned results like 33.5m at 5.35 grams per tonne gold from 41.2m, including 10.7m at 15.99g/t gold, 51.8m at 4g/t gold from 39.6m, including 6.1m at 16.3g/t gold, and 32m at 2.45g/t gold from 44.2m, including 6.1m at 10g/t gold. 'We'll bring to a market that will appreciate what we're doing,' Poole said. Firetail is aiming to kick off the project's first-ever diamond drilling program next month and report an initial JORC resource and exploration target by the end of the year. Times a-changin' Last month, Resolution Minerals (ASX:RML) agreed to acquire the Horse Heaven antimony-gold-silver-tungsten project in Idaho, directly adjacent to Perpetua Resources Corp's US$2 billion Stibnite gold-antimony development. On a webinar on Monday, Resolution's CEO of US operations Craig Lindsay pointed to the passing of Trump's Big Beautiful Bill legislation. 'One of the interesting things is there's US$2.5 billion in that Big Beautiful Bill that has been dedicated to the development of critical metals, so that is something that Resolution Minerals is going to be capitalising on,' he said. Lindsay has a long history of working in Idaho but said that two decades ago, most mining people didn't know much about it. Stibnite really put Idaho on the map but not always for the right reasons, given that the project took 15 years to permit and only got its final approval in January. That is set to change, with Idaho Governor Brad Little introducing the Strategic Permitting, Efficiency and Economic Development (SPEED) Act in January. 'Really what he's trying to do is help the federal permitting authorities, the state permitting authorities and local permitting authorities speak to each other and work together to permit large projects faster, and that, I think, is going to have a significant impact on projects like Horse Heaven as we move through various permitting cycles,' he said. Given the project's proximity to Stibnite and identical geological background, Lindsay said it wasn't just nearology, but 'exactology'. Despite not yet closing the acquisition, Resolution this week announced final approval from the US Forest Service for a drilling program of up to 57 holes, the first phase of which will begin next month. 'It's going to allow us to get out there and be the first people to be working on that property in over 30 years, so it's really right place at the right time,' Lindsay said. Fresh focus Codrus Minerals (ASX:CDR) and Locksley Resources (ASX:LKY) are two companies that have had US projects sitting in their portfolios for some years but have dusted them off given current market conditions. Both companies turned their attention to Australian projects, largely due to the lengthy wait for drilling permits. After a long process, Codrus got a drilling permit for the Bull Run gold project in Oregon in May and kicked off its first drilling campaign last month. Despite high-grade rock chip results, just three drill holes had been sunk previously. The initial program is focused on five priority gold targets over 2km of strike. The first diamond hole has been completed and samples sent to the lab, with the second now underway. Meanwhile, Locksley holds the Mojave rare earth and antimony project in California, which is 1.4km from MP Materials' Mountain Pass mine, the only producing rare earth mine in the US. The US' renewed focus on critical minerals bumped the project to the top of Locksley's priorities. 'What we were thinking, where it was initially going to take two years to get a drilling permit, has now been turned around in a matter of weeks,' Locksley head of critical minerals Allister Caird told Stockhead last month. Locksley was granted a permit on June 5 and is now preparing for its initial drilling campaign, focused on the El Campo rare earth target. Yesterday, it received drilling approval from the Bureau of Land Management for exploration of the historic Desert antimony mine, also within the Mojave project. 'We've had this project that's got some pretty compelling grades, but not everything has fallen into place until right now, and it's all happened very quickly, so it's a pretty exciting time for the company,' Caird said.
News.com.au
09-06-2025
- Business
- News.com.au
Kristie Batten: Firetail expands Americas exploration strategy with US gold deal
One of Australia's top mining journalists, Kristie Batten writes for Stockhead every week in her regular column placing a watchful eye on the movers and shakers of the small cap resources scene. The team at Firetail Resources (ASX:FTL) are heading back to their roots with the acquisition of two high-grade gold projects. Firetail managing director Glenn Poole is an experienced geologist who has worked for gold miners including Northern Star Resources (ASX:NST) while director and fellow Northern Star alumni Simon Lawson is best known for leading high-grade gold explorer Spartan Resources (ASX:SPR). A week ago, Firetail announced options to acquire two high-grade gold projects in the US, sending the stock up since ~10%. Poole said the company had been looking for additional assets in the Americas for some time. The combination of the board's experience in gold and wanting to take advantage of the record gold price made the company's latest move a no-brainer. Options over the two projects cost $3.7 million, comprising $900,000 in cash and the rest in shares. Firetail can acquire up to 80% of the Excelsior Springs gold-silver project in Nevada by spending US$5 million on exploration over the next five years. 'In Nevada, it's similar to what we see in Western Australia or even on the east coast of huge gold deposits within a localised trend,' Poole said. That trend is the plus-40 million ounce Walker Lane tectonic zone, which hosts AngloGold Ashanti's 15.4Moz North Bullfrog and Arthur projects and Kinross Gold's 200,000 ounce per annum Round Mountain mine. Excelsior Springs' Buster mine produced 19,200oz at 41 grams per tonne gold from shallow underground workings. More recent exploration has defined a target area with a strike length of 3.5km and 200-400m wide. Previous drilling has returned results including: 8m at 4g/t gold from 39.6m, including 6.1m at 16.3g/t gold 5m at 5.35g/t gold from 41.2m, including 10.7m at 15.99g/t gold; and 32m at 2.45g/t gold from 44.2m, including 6.1m at 10g/t gold. 'There's drilling that proves that there's gold from surface … it's still very shallow, in terms of its drill testing,' Poole said. Poole said permitting in Nevada was reasonably fast and the company planned to kick off an initial reverse circulation drilling program to test for extensions of known mineralisation as soon as possible. 'It's just deciding where to put the drill holes,' he said. 'There's such a broad trend and amazing targets.' The project also presents the opportunity for a silver discovery, just as the price has started to move. Silver eclipsed its long-term resistance at US$35/oz on Friday, now fetching US$36/oz. Until the start of 2024, the precious metal had been trapped around US$20/oz for years. Recent rock chip sampling on the eastern side of the project returned a result of 6630g/t silver in an undrilled area. Finding a unicorn Firetail also has an option to acquire 100% of the Bella project in South Dakota. The underexplored project is earlier stage than Excelsior Springs but sits just 20km from the historic Homestake mine, which produced 42Moz of gold. Poole likened the project to a 'geological unicorn'. The claims cover 110km of banded iron formation, which is the main host of gold in the district. The project has only had limited previous drilling, focused on the Standby mine. Results included 3.1m at 10.29g/t gold from 730.9m, 14m at 2.47g/t gold from 158.5m and 6.1m at 2.81g/t gold from 172.5m. Standby also returned a high-grade pit wall sample of 12.2m at 46.62g/t gold, including 1.5m at 343g/t gold. Other prospects have returned channel samples of up to 16g/t gold. Firetail will launch its own mapping, sampling and modelling program once the deal is completed. 'There'll be a bit more work to decide which projects get the attention here,' Poole said. Copper still a focus Firetail has previously been focused on copper and owns the Skyline project in Newfoundland, Canada, and the Picha project in Peru. Skyline produced around 100,000 tonnes grading 3-12% copper, 7% zinc and 1-3oz per tonne of silver via a small underground mine between 1898 and 1913 but has seen limited exploration since. Firetail has a 3D ground-based induced polarisation survey underway at Skyline and is hoping to receive the results in the next eight weeks. That will define targets for the next round of diamond drilling. Meanwhile, the Picha project was selected by BHP as one of just eight global exploration projects to participate in its 2025 Xplor exploration accelerator program. The program provides participants with US$500,000 in non-dilutive funding, as well as technical support from BHP. Poole said the Xplor program was going well for Firetail. 'We're meeting up with them again at the start of July for another boot camp,' he said. 'I was already excited by what we knew before this program and it's just taken leaps and bounds since then.'
