Broker interest in explorers picks up ahead of RIU Resources Round-up
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More than 60 ASX-listed resources companies will present at one of Australia’s top mining investment conferences next week.
Demonstrating that confidence is returning to the market, a growing number of brokers have sponsored the 15th RIU Sydney Resources Round-up — and miners who have been absent are returning.
“We’ve got quite a few brokers sponsoring with Far East capital, The Lind Partners, Hunter Capital Advisors, Everblu Capital and Fosters Stockbroking,” said Doug Bowie, manager of resources for conference organiser Vertical Events.
“That is a pretty good line-up of brokers getting involved.”
Delegate numbers are also up, with attendance this year expected to beat last year’s 770.
“At the moment we’ve got over 700 registered,” Mr Bowie said. “It looks like we’re going to beat last year’s attendance levels.”
The conference — which Stockhead supports as official media partner — kicks off at 1.40pm on Tuesday May 8 and runs until 5.30pm Thursday May 10.
There will be a broad mix of resources players, from those active in the favoured battery metals and Pilbara conglomerate gold segments to those on the hunt for mineral sands and base metals.
Attendees will hear from Pilbara gold explorer De Grey Mining (ASX:DEG) and Nevada-focused lithium explorer Global Geoscience (ASX:GSC).
Dual-listed mineral sands producer Base Resources (ASX:BSE) is also returning after an absence.
In January, Base completed the $75 million acquisition of an 85 per cent interest in the Toliara Sands project in Madagascar.
Base had no trouble raising $97 million from institutional and retail investors to fund the acquisition – a sure sign the tide has turned for resources players.
Other companies presenting include copper junior Hillgrove Resources (ASX:HGO), recently minted lead play Galena Mining (ASX:G1A) and soon-to-be-listed Tartana Resources, which is shifting from coal to copper and zinc.
Breakaway Research senior resource analyst Mike Harrowell is offering his perspective on whether the sector is in the early stages of an electric commodities boom.
Regal Funds Management’s head of Australian equities Julian Babarczy will discuss the investment landscape for new age commodities. Westpac’s director of natural resources Nathan Kay will reveal financing trends for the mining sector.