Gold Digger: China is hoovering up gold bars and De Grey is everything, everywhere, all at once

Pic via Getty Images.

China’s gold imports have risen a massive 16% in the first half of 2023
Spot prices are down following the US Fed hiking interest rates to 5.5%
De Grey has gold options here, there and everywhere in the Pilbara

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

Dancing with the Stars and Big Brother host Sonia Kruger’s gold Logie win is just adding to the pile of demand at the moment, as China’s imports of the shiny have risen 16% in the first six months of this year compared to the same reporting period in 2022.

China chewed up 554.88 tonnes (t) of gold in the first half of 2023, according to the China Gold Association.

BMI Intelligence has gold prices hovering around the US$1,936/oz mark as of August 2, down from a YTD high of US$2050/oz reached on May the 4th (be with you).

It expects prices to be supported by a gradual weakening of the USD and US treasury real yields.

“In the longer term, while we expect significant price volatility, we expect gold prices to remain elevated in the coming years compared to pre-COVID levels,” BMI says.

In Australia, the Perth Mint sold 44,009oz of gold and 863,485 oz of silver (minted) during July 2023.

The depository saw total gold holdings decrease by 0.95%, while silver holdings dropped by 0.23% during the month.

#Gold (XAUUSD, $1,978) started the advancing cycle on June 29 and is likely to last towards end of August (early September) with target of $2,200, which would represent from present price level 12%. Previous cycles within the broadening rising wedge lasted two months and yielded… pic.twitter.com/4AiHqdaXvD

— Rashad Hajiyev (@hajiyev_rashad) July 27, 2023

Meanwhile, TSX-listed and Australia-focused gold explorer Novo Resources — a central player in the short-lived conglomerate gold rush — has applied to join the ASX after gold darling De Grey Mining (ASX:DEG) became a cornerstone investor in its Becher gold project in the WA Pilbara.

Becher is 28km along trend from De Grey’s 11.7 Moz Mallina project.

De Grey can earn-in to Becher with a $25m spend within four years, on top of it already purchasing $10m worth of Novo shares – in looking to create the “Egina” joint venture.

Novo also wants to raise another $4m – and that perhaps could blow up to a cool $7.5m through over-subscription – for a year’s worth of exploration activities upon its IPO.

#Exploration #Update Focused on Discovery Success in 2023⚒️

Highlights:
– 8,000 m of #drilling planned for H2 2023
– Proposed ASX dual listing
– Becher project is located 28 km along trend from De Grey’s 11.7 Moz Au Pilbara #Gold Project

https://t.co/bFbHhpZyQw $NVO pic.twitter.com/wSC2fhdpKp

— Novo Resources Corp. (@Novo_resources) July 18, 2023

Winners & Losers

Here’s how ASX-listed precious metals stocks are performing:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Stocks missing from this list? Email [email protected]

Code	Company	% Week return	% Month return	% return YTD	% 12 month return	Price	MktCap
EMU	EMU NL	50%	20%	-39%	-61%	0.003	$4,350,064
AZS	Azure Minerals	42%	86%	1082%	1230%	2.66	$846,812,276
M2R	Miramar	35%	43%	-34%	-50%	0.05	$5,435,413
SIH	Sihayo Gold Limited	33%	33%	0%	0%	0.002	$24,408,512
NAE	New Age Exploration	33%	20%	-14%	-14%	0.006	$7,179,495
RDN	Raiden Resources Ltd	33%	11%	111%	32%	0.01	$16,442,151
KNB	Koonenberrygold	33%	33%	-29%	-45%	0.044	$2,348,450
BNZ	Benzmining	28%	5%	24%	26%	0.51	$60,458,736
KAI	Kairos Minerals Ltd	26%	-20%	15%	2%	0.024	$62,901,893
DCX	Discovex Res Ltd	25%	0%	-17%	-50%	0.0025	$8,256,420
SI6	SI6 Metals Limited	23%	33%	33%	14%	0.008	$13,232,066
MZZ	Matador Mining Ltd	19%	17%	-40%	-49%	0.069	$22,390,491
DTM	Dart Mining NL	19%	-5%	-31%	-49%	0.038	$5,685,478
AZY	Antipa Minerals Ltd	19%	36%	-10%	-46%	0.019	$64,746,927
FG1	Flynngold	18%	2%	-35%	-32%	0.065	$8,182,955
TMB	Tambourahmetals	18%	259%	210%	91%	0.325	$14,160,184
MAT	Matsa Resources	18%	14%	8%	-11%	0.04	$16,480,295
TGM	Theta Gold Mines Ltd	17%	105%	99%	67%	0.135	$87,509,376
GWR	GWR Group Ltd	16%	31%	49%	-7%	0.088	$28,909,499
NXM	Nexus Minerals Ltd	15%	18%	-57%	-63%	0.086	$25,710,811
GTR	Gti Energy Ltd	14%	33%	-26%	-49%	0.008	$13,634,279
GSM	Golden State Mining	14%	-15%	-7%	-25%	0.04	$6,688,090
TSO	Tesoro Gold Ltd	14%	-11%	-31%	-37%	0.025	$25,286,702
ADG	Adelong Gold Limited	13%	-10%	29%	-55%	0.009	$5,366,901
PKO	Peako Limited	13%	13%	-38%	-55%	0.009	$4,707,315
MXR	Maximus Resources	12%	23%	-8%	-31%	0.037	$11,645,536
QML	Qmines Limited	12%	27%	-15%	-20%	0.14	$22,152,989
HAV	Havilah Resources	12%	22%	-15%	10%	0.28	$85,492,587
SKY	SKY Metals Ltd	12%	15%	-2%	-23%	0.047	$21,364,169
WA8	Warriedarresourltd	12%	4%	-50%	-15%	0.085	$34,484,705
THR	Thor Energy PLC	11%	25%	-17%	-44%	0.005	$7,296,457
OZM	Ozaurum Resources	11%	-13%	-39%	-67%	0.04	$5,080,000
XAM	Xanadu Mines Ltd	11%	18%	245%	335%	0.1	$160,506,771
MOM	Moab Minerals Ltd	11%	-23%	11%	-64%	0.01	$6,819,635
AWJ	Auric Mining	11%	22%	-22%	-38%	0.05	$5,888,682
MEK	Meeka Metals Limited	11%	20%	-38%	-14%	0.042	$46,292,775
BM8	Battery Age Minerals	10%	-14%	-13%	-13%	0.435	$30,800,538
M24	Mamba Exploration	10%	3%	-47%	-36%	0.077	$4,695,717
DCN	Dacian Gold Ltd	9%	24%	5%	-9%	0.105	$127,764,098
TIE	Tietto Minerals	9%	6%	-23%	15%	0.54	$587,264,845
HXG	Hexagon Energy	9%	20%	-29%	-20%	0.012	$5,129,159
OAU	Ora Gold Limited	8%	30%	30%	4%	0.0065	$26,621,551
LM8	Lunnonmetalslimited	8%	3%	11%	5%	0.995	$166,208,241
CWX	Carawine Resources	8%	27%	40%	27%	0.14	$27,554,446
RGL	Riversgold	8%	-13%	-53%	-52%	0.014	$13,317,660
CBY	Canterbury Resources	8%	27%	-32%	-36%	0.028	$3,757,612
SMI	Santana Minerals Ltd	7%	8%	-8%	-31%	0.6	$107,781,631
BYH	Bryah Resources Ltd	6%	27%	-26%	-34%	0.019	$6,640,600
MTC	Metalstech Ltd	5%	-14%	-60%	-45%	0.21	$37,720,918
USL	Unico Silver Limited	5%	-4%	-35%	-19%	0.11	$31,085,417
MAU	Magnetic Resources	5%	55%	-10%	-18%	0.775	$177,715,526
CDR	Codrus Minerals Ltd	5%	11%	-32%	29%	0.089	$6,713,270
AGC	AGC Ltd	5%	-5%	-7%	-22%	0.056	$5,400,000
AQI	Alicanto Min Ltd	4%	43%	16%	-19%	0.05	$27,016,840
PGD	Peregrine Gold	4%	-2%	-29%	-34%	0.275	$15,428,218
TLM	Talisman Mining	3%	-11%	11%	0%	0.155	$27,306,451
SPQ	Superior Resources	3%	19%	-45%	-35%	0.031	$53,202,059
EMC	Everest Metals Corp	3%	-13%	109%	57%	0.165	$23,297,960
GNM	Great Northern	3%	18%	-45%	-56%	0.033	$5,102,760
MLS	Metals Australia	3%	3%	-24%	-39%	0.034	$20,593,194
PDI	Predictive Disc Ltd	3%	6%	-6%	-26%	0.17	$361,767,715
KRM	Kingsrose Mining Ltd	3%	0%	5%	15%	0.068	$51,171,803
MEU	Marmota Limited	3%	9%	-27%	-30%	0.035	$35,999,220
BC8	Black Cat Syndicate	3%	-1%	4%	1%	0.37	$97,409,905
SBR	Sabre Resources	3%	27%	0%	-24%	0.038	$10,202,017
TAM	Tanami Gold NL	3%	-7%	0%	-17%	0.039	$43,478,591
RND	Rand Mining Ltd	2%	6%	-8%	-14%	1.25	$69,104,293
FAL	Falconmetalsltd	2%	7%	-21%	2%	0.22	$38,940,000
GOR	Gold Road Res Ltd	2%	6%	-3%	12%	1.64	$1,790,179,509
ERM	Emmerson Resources	1%	18%	-3%	-26%	0.073	$39,763,815
LCL	LCL Resources Ltd	1%	18%	-36%	6%	0.0365	$29,389,265
BGL	Bellevue Gold Ltd	1%	12%	31%	81%	1.485	$1,707,782,675
SFR	Sandfire Resources	1%	10%	21%	49%	6.6	$2,969,797,532
DLI	Delta Lithium	1%	-2%	89%	125%	0.9	$454,639,979
EMR	Emerald Res NL	0%	8%	86%	91%	2.21	$1,339,789,428
SSR	SSR Mining Inc.	0%	3%	-6%	2%	21.78	$393,547,787
NPM	Newpeak Metals	0%	0%	0%	0%	0.001	$9,248,616
FFX	Firefinch Ltd	0%	0%	0%	0%	0.2	$236,569,315
PNX	PNX Metals Limited	0%	50%	-29%	-29%	0.003	$16,141,874
FAU	First Au Ltd	0%	0%	-25%	-63%	0.003	$4,355,980
PUA	Peak Minerals Ltd	0%	50%	-50%	-63%	0.003	$3,124,130
MRZ	Mont Royal Resources	0%	44%	11%	-37%	0.195	$13,354,120
BMR	Ballymore Resources	0%	33%	-7%	-24%	0.14	$12,521,269
LEX	Lefroy Exploration	0%	5%	-19%	-32%	0.21	$32,893,890
WCN	White Cliff Min Ltd	0%	43%	-29%	-9%	0.01	$13,506,371
WRM	White Rock Min Ltd	0%	0%	-5%	-40%	0.063	$17,508,200
MCT	Metalicity Limited	0%	0%	-50%	-50%	0.0015	$7,472,172
AME	Alto Metals Limited	0%	0%	-19%	-13%	0.054	$37,852,605
CTO	Citigold Corp Ltd	0%	0%	-17%	-17%	0.005	$14,368,295
TRY	Troy Resources Ltd	0%	0%	0%	0%	0.0295	$62,920,961
GUL	Gullewa Limited	0%	-4%	-8%	-14%	0.055	$10,767,521
MTH	Mithril Resources	0%	-25%	-57%	-75%	0.0015	$5,053,207
XTC	Xantippe Res Ltd	0%	-17%	-67%	-79%	0.001	$11,480,100
NML	Navarre Minerals Ltd	0%	0%	-54%	-67%	0.019	$28,555,654
GMN	Gold Mountain Ltd	0%	0%	29%	50%	0.009	$18,152,629
TBA	Tombola Gold Ltd	0%	0%	0%	-13%	0.026	$33,129,243
GSR	Greenstone Resources	0%	-22%	-56%	-73%	0.014	$18,773,367
HRN	Horizon Gold Ltd	0%	-3%	13%	-11%	0.35	$43,813,574
GBZ	GBM Rsources Ltd	0%	0%	-53%	-69%	0.02	$12,319,224
SFM	Santa Fe Minerals	0%	2%	-44%	-47%	0.045	$3,276,846
X64	Ten Sixty Four Ltd	0%	0%	-11%	-12%	0.57	$130,184,182
RVR	Red River Resources	0%	0%	0%	-48%	0.073	$37,847,908
CPM	Coopermetalslimited	0%	-12%	-38%	-68%	0.145	$5,983,519
TMZ	Thomson Res Ltd	0%	0%	-74%	-79%	0.005	$4,349,755
WMC	Wiluna Mining Corp	0%	0%	0%	0%	0.205	$74,238,031
MDI	Middle Island Res	0%	16%	-42%	-76%	0.022	$3,094,481
CDT	Castle Minerals	0%	0%	-43%	-61%	0.012	$13,493,916
CXU	Cauldron Energy Ltd	0%	17%	0%	-34%	0.007	$6,660,981
ALY	Alchemy Resource Ltd	0%	-6%	-35%	0%	0.015	$17,671,144
AVW	Avira Resources Ltd	0%	-20%	-33%	-43%	0.002	$4,267,580
MBK	Metal Bank Ltd	0%	62%	0%	-15%	0.034	$9,400,508
TAR	Taruga Minerals	0%	-8%	-54%	-54%	0.011	$7,766,295
PUR	Pursuit Minerals	0%	-7%	-13%	-13%	0.014	$42,687,586
TRM	Truscott Mining Corp	0%	-7%	0%	-16%	0.041	$6,892,799
ANL	Amani Gold Ltd	0%	0%	0%	-33%	0.001	$25,143,441
GCY	Gascoyne Res Ltd	0%	34%	53%	21%	0.255	$232,558,201
KIN	KIN Min NL	0%	21%	-46%	-60%	0.035	$40,057,119
CLZ	Classic Min Ltd	0%	0%	-89%	-97%	0.001	$9,350,768
SPD	Southernpalladium	0%	-4%	-58%	-50%	0.34	$14,646,631
ORN	Orion Minerals Ltd	0%	11%	25%	0%	0.02	$107,293,923
AMI	Aurelia Metals Ltd	-1%	-9%	-25%	-64%	0.09	$151,630,680
CEL	Challenger Gold Ltd	-1%	-10%	-49%	-53%	0.09	$103,692,280
NSM	Northstaw	-1%	-9%	-43%	-46%	0.089	$10,691,303
HCH	Hot Chili Ltd	-2%	28%	68%	104%	1.47	$178,570,583
EVN	Evolution Mining Ltd	-2%	11%	24%	39%	3.695	$6,789,560,380
BCN	Beacon Minerals	-2%	-8%	-2%	-5%	0.0275	$101,432,741
BNR	Bulletin Res Ltd	-2%	-21%	-43%	-50%	0.053	$16,147,511
MEI	Meteoric Resources	-2%	-2%	325%	1631%	0.225	$446,236,139
G88	Golden Mile Res Ltd	-2%	-17%	116%	68%	0.044	$14,163,749
SMS	Starmineralslimited	-2%	-7%	-42%	-65%	0.042	$1,522,618
TBR	Tribune Res Ltd	-2%	2%	-18%	-15%	3.31	$171,045,931
AUC	Ausgold Limited	-2%	-9%	-13%	-16%	0.041	$96,437,931
OKR	Okapi Resources	-2%	-21%	-32%	-49%	0.1025	$18,508,602
PRU	Perseus Mining Ltd	-3%	1%	-18%	3%	1.7375	$2,376,546,911
ARV	Artemis Resources	-3%	9%	-30%	-35%	0.0175	$25,118,694
STN	Saturn Metals	-3%	-3%	-3%	-42%	0.175	$28,180,356
CHN	Chalice Mining Ltd	-3%	-6%	-7%	19%	5.88	$2,268,174,741
ARL	Ardea Resources Ltd	-3%	51%	-6%	-31%	0.67	$115,169,497
MGV	Musgrave Minerals	-3%	0%	57%	20%	0.33	$192,142,583
NVA	Nova Minerals Ltd	-3%	-8%	-51%	-63%	0.33	$66,430,338
AUT	Auteco Minerals	-3%	18%	-35%	-31%	0.033	$76,323,598
TMS	Tennant Minerals Ltd	-3%	18%	6%	6%	0.033	$25,061,302
AAU	Antilles Gold Ltd	-3%	-16%	3%	-40%	0.031	$17,709,993
ENR	Encounter Resources	-3%	3%	156%	229%	0.46	$172,053,715
NCM	Newcrest Mining	-3%	-4%	26%	36%	26.05	$23,554,037,481
POL	Polymetals Resources	-3%	-17%	22%	100%	0.3	$44,600,467
KZR	Kalamazoo Resources	-3%	26%	-31%	-34%	0.145	$23,477,202
A8G	Australasian Metals	-3%	12%	-24%	-42%	0.145	$7,557,472
FEG	Far East Gold	-3%	-2%	-40%	-19%	0.29	$42,088,258
SVY	Stavely Minerals Ltd	-3%	-25%	-65%	-49%	0.086	$31,451,763
KSN	Kingston Resources	-4%	3%	-1%	-18%	0.08	$37,379,375
SXG	Southern Cross Gold	-4%	-19%	-50%	-15%	0.4	$37,373,084
DRE	Dreadnought Resources Ltd	-4%	2%	-50%	-16%	0.053	$177,140,746
PRS	Prospech Limited	-4%	-16%	-3%	-3%	0.026	$5,493,999
GAL	Galileo Mining Ltd	-4%	-17%	-41%	-53%	0.52	$106,717,461
CHZ	Chesser Resources	-4%	7%	41%	26%	0.12	$70,632,162
VMC	Venus Metals Cor Ltd	-4%	4%	47%	4%	0.115	$21,818,799
ZNC	Zenith Minerals Ltd	-4%	-5%	-66%	-69%	0.09	$31,714,279
RXL	Rox Resources	-4%	-30%	29%	-13%	0.225	$76,901,480
IGO	IGO Limited	-4%	-11%	2%	24%	13.715	$10,457,868,498
GSN	Great Southern	-5%	24%	-28%	-42%	0.021	$14,303,473
GML	Gateway Mining	-5%	20%	-30%	-53%	0.042	$11,186,009
FML	Focus Minerals Ltd	-5%	18%	-22%	43%	0.2	$58,744,522
PNM	Pacific Nickel Mines	-5%	43%	20%	25%	0.1	$40,941,601
GMD	Genesis Minerals	-5%	12%	13%	-4%	1.415	$1,502,049,983
PNT	Panthermetalsltd	-5%	0%	-60%	-66%	0.075	$4,586,250
GBR	Greatbould Resources	-5%	-9%	-19%	-27%	0.073	$36,810,761
NST	Northern Star	-5%	-11%	2%	39%	11.125	$13,198,535,449
ADT	Adriatic Metals	-5%	1%	7%	50%	3.37	$761,644,352
DEG	De Grey Mining	-5%	-2%	4%	39%	1.33	$2,115,904,661
LCY	Legacy Iron Ore	-6%	-19%	-11%	-19%	0.017	$115,322,872
S2R	S2 Resources	-6%	36%	0%	21%	0.17	$67,665,101
ARN	Aldoro Resources	-6%	43%	3%	-21%	0.165	$22,212,918
KCN	Kingsgate Consolid.	-6%	-18%	-29%	-34%	1.225	$320,900,857
MRR	Minrex Resources Ltd	-6%	7%	-50%	-72%	0.016	$16,815,446
SRN	Surefire Rescs NL	-6%	7%	33%	-11%	0.016	$28,073,179
HMX	Hammer Metals Ltd	-6%	-2%	-6%	-2%	0.064	$55,843,663
TTM	Titan Minerals	-6%	12%	-10%	11%	0.06	$84,676,391
BMO	Bastion Minerals	-6%	-9%	-15%	-78%	0.029	$5,026,402
ANX	Anax Metals Ltd	-7%	-10%	8%	-29%	0.057	$23,335,505
SVL	Silver Mines Limited	-7%	-1%	-11%	-7%	0.1775	$259,801,446
ZAG	Zuleika Gold Ltd	-7%	8%	-33%	-36%	0.014	$7,322,709
TG1	Techgen Metals Ltd	-7%	-3%	-32%	-65%	0.056	$4,321,424
STK	Strickland Metals	-7%	5%	3%	-32%	0.041	$65,608,351
RMS	Ramelius Resources	-7%	-2%	32%	17%	1.23	$1,239,122,723
AAJ	Aruma Resources Ltd	-7%	-9%	-26%	-33%	0.039	$7,455,670
LYN	Lycaonresources	-7%	-13%	-5%	6%	0.26	$9,729,688
HMG	Hamelingoldlimited	-7%	-18%	-38%	-31%	0.09	$14,962,500
YRL	Yandal Resources	-8%	-11%	-51%	-72%	0.048	$7,732,351
IVR	Investigator Res Ltd	-8%	0%	14%	5%	0.048	$70,421,331
VRC	Volt Resources Ltd	-8%	20%	-20%	-37%	0.012	$45,303,375
BAT	Battery Minerals Ltd	-8%	-4%	0%	-20%	0.12	$13,156,495
WGX	Westgold Resources.	-8%	-1%	78%	20%	1.56	$764,900,709
BTR	Brightstar Resources	-8%	9%	-29%	-37%	0.012	$18,888,183
CLA	Celsius Resource Ltd	-8%	-4%	44%	64%	0.023	$51,534,257
SBM	St Barbara Limited	-8%	4%	-32%	-57%	0.23	$196,281,995
ALK	Alkane Resources Ltd	-8%	-5%	32%	-10%	0.7075	$421,101,821
MI6	Minerals260Limited	-8%	-21%	79%	130%	0.61	$136,890,000
MOH	Moho Resources	-8%	-8%	-48%	-50%	0.011	$2,855,355
ICL	Iceni Gold	-8%	51%	38%	22%	0.11	$21,900,000
HRZ	Horizon	-9%	-26%	-48%	-55%	0.032	$22,303,478
WAF	West African Res Ltd	-9%	-2%	-27%	-40%	0.8575	$882,457,246
IPT	Impact Minerals	-9%	29%	121%	121%	0.0155	$45,515,262
ASO	Aston Minerals Ltd	-9%	-35%	-36%	-39%	0.051	$59,947,604
A1G	African Gold Ltd.	-9%	-11%	-39%	-38%	0.051	$9,481,428
AM7	Arcadia Minerals	-9%	-23%	-51%	-33%	0.1	$10,345,511
VKA	Viking Mines Ltd	-9%	-17%	0%	43%	0.01	$10,252,584
PXX	Polarx Limited	-9%	-9%	-50%	-17%	0.01	$14,945,154
RED	Red 5 Limited	-9%	-14%	-16%	-37%	0.1725	$622,707,008
GIB	Gibb River Diamonds	-9%	-22%	-52%	-38%	0.029	$6,345,283
CY5	Cygnus Metals Ltd	-10%	14%	-25%	27%	0.285	$63,632,103
SNG	Siren Gold	-10%	28%	-48%	-59%	0.095	$14,230,175
TCG	Turaco Gold Limited	-10%	-6%	-21%	-31%	0.046	$23,124,967
BGD	Bartongoldholdings	-10%	-8%	15%	28%	0.23	$43,939,423
RMX	Red Mount Min Ltd	-10%	29%	-10%	-25%	0.0045	$10,403,330
WWI	West Wits Mining Ltd	-10%	64%	13%	-10%	0.018	$41,783,413
TNC	True North Copper	-10%	-8%	325%	192%	0.225	$54,566,705
RSG	Resolute Mining	-10%	-10%	84%	46%	0.3675	$766,442,365
OBM	Ora Banda Mining Ltd	-10%	-14%	28%	79%	0.1075	$186,443,806
NAG	Nagambie Resources	-11%	-15%	-48%	-54%	0.034	$19,196,968
CAI	Calidus Resources	-11%	0%	-37%	-76%	0.17	$103,339,576
SAU	Southern Gold	-11%	-26%	-32%	-48%	0.017	$8,266,850
ADN	Andromeda Metals Ltd	-11%	-22%	-33%	-69%	0.0295	$93,300,253
BBX	BBX Minerals Ltd	-11%	-9%	-60%	-44%	0.042	$21,514,530
MKG	Mako Gold	-11%	-17%	-38%	-63%	0.025	$14,400,205
ASR	Asra Minerals Ltd	-11%	-27%	-60%	-56%	0.008	$11,523,097
MHC	Manhattan Corp Ltd	-11%	-20%	45%	-20%	0.008	$23,490,230
AL8	Alderan Resource Ltd	-11%	23%	14%	-11%	0.008	$4,933,557
MM8	Medallion Metals.	-11%	-18%	-58%	-65%	0.064	$17,513,917
CYL	Catalyst Metals	-11%	-15%	-44%	-47%	0.665	$146,771,904
DTR	Dateline Resources	-12%	-15%	-41%	-78%	0.022	$20,564,914
PNR	Pantoro Limited	-12%	0%	-25%	-60%	0.072	$362,210,350
GMR	Golden Rim Resources	-13%	-3%	-10%	-49%	0.028	$16,564,474
EM2	Eagle Mountain	-13%	0%	-38%	-55%	0.105	$32,021,521
LRL	Labyrinth Resources	-13%	-27%	-57%	-67%	0.007	$9,941,029
KTA	Krakatoa Resources	-13%	17%	-36%	-43%	0.028	$11,512,168
CAZ	Cazaly Resources	-13%	-11%	0%	-15%	0.034	$12,781,874
TRE	Toubaniresourcesinc	-13%	10%	6%	0%	0.17	$16,862,835
BEZ	Besragoldinc	-13%	-2%	333%	534%	0.225	$79,618,925
CMM	Capricorn Metals	-14%	0%	-9%	2%	4.165	$1,582,783,917
RRL	Regis Resources	-14%	-15%	-22%	-10%	1.6025	$1,242,112,950
NMR	Native Mineral Res	-14%	-9%	-73%	-77%	0.03	$4,408,946
PRX	Prodigy Gold NL	-14%	-25%	-50%	-52%	0.006	$10,506,647
REZ	Resourc & En Grp Ltd	-14%	-22%	13%	-28%	0.018	$8,496,698
AVM	Advance Metals Ltd	-14%	-14%	-40%	-40%	0.006	$3,531,352
ADV	Ardiden Ltd	-14%	-8%	-14%	-25%	0.006	$17,474,180
NWM	Norwest Minerals	-14%	-9%	-11%	7%	0.048	$11,660,649
RDS	Redstone Resources	-14%	-14%	-25%	-33%	0.006	$5,228,271
KAU	Kaiser Reef	-14%	-8%	9%	3%	0.18	$28,096,673
HAW	Hawthorn Resources	-15%	-26%	0%	34%	0.115	$36,851,717
GRL	Godolphin Resources	-16%	-29%	-54%	-57%	0.038	$5,415,731
IDA	Indiana Resources	-16%	32%	5%	-12%	0.058	$32,140,564
AAR	Astral Resources NL	-16%	-4%	-7%	-14%	0.067	$50,386,214
TMX	Terrain Minerals	-17%	-17%	-17%	-29%	0.005	$5,415,997
MVL	Marvel Gold Limited	-17%	-17%	-62%	-67%	0.01	$8,637,907
KAL	Kalgoorliegoldmining	-17%	0%	-64%	-77%	0.03	$4,453,022
RML	Resolution Minerals	-17%	25%	-38%	-44%	0.005	$6,286,459
NES	Nelson Resources.	-17%	0%	-29%	-51%	0.005	$3,067,972
SLR	Silver Lake Resource	-17%	-8%	-20%	-35%	0.9525	$883,257,116
MKR	Manuka Resources.	-18%	0%	-41%	-71%	0.05	$28,666,113
MEG	Megado Minerals Ltd	-18%	-5%	29%	-27%	0.058	$14,758,422
SLZ	Sultan Resources Ltd	-18%	-33%	-64%	-67%	0.031	$4,742,082
SVG	Savannah Goldfields	-19%	-30%	-62%	-59%	0.073	$13,317,694
PGO	Pacgold	-20%	-28%	-32%	-59%	0.245	$13,502,395
ICG	Inca Minerals Ltd	-23%	48%	35%	-44%	0.031	$15,035,309
G50	Gold50Limited	-23%	-11%	-32%	13%	0.17	$9,965,025
CST	Castile Resources	-25%	-45%	-49%	-72%	0.048	$12,820,829
AYM	Australia United Min	-25%	0%	0%	-50%	0.003	$5,527,732
AQX	Alice Queen Ltd	-26%	-30%	-65%	-77%	0.014	$1,771,208
KCC	Kincora Copper	-30%	-33%	-36%	-33%	0.047	$5,658,155
GEDDA	Golden Deeps	-31%	25%	-23%	-37%	0.069	$8,086,587

STRICKLAND METALS (ASX:STK)

STK is cashed up on the back of its $61m sale of the Millrose gold project to Northern Star Resources, and is about to start exploration at its Yandal East and Earaheedy projects.

Over the coming months, the base metals and gold explorer will drill a number of highly-prospective gold and zinc targets — including Horse Well, Cowza and Great Western (gold), as well the Rabbit Well and Iroquois zinc prospects in the Earaheedy Basin.

Bray is very upbeat about Strickland’s exploration programs and says it’s going to be a very exciting run into the end of the year.

“We are looking forward to a very exciting finish to the year with potentially numerous additional gold and zinc discoveries in the offing,” he says.

“Importantly, the company remains extremely well funded as a result of the Millrose sale, meaning that major drilling campaigns at any future discoveries can be easily handled with the existing balance sheet.”

IP surveys are on their way this month and diamond drilling of Rabbit Well, Iroquois and several Horse Well targets are set to commence in ~5 weeks.

DE GREY MINING (ASX:DEG)

Happy Gilmore: Hey why don’t I just got and eat some hay. I can lay by the bay, make things out of clay, I just may, what’d ya say De Grey?

Pencilled in to start making its own hay in 2026, De Grey’s absolute monster Hemi gold deposit at the 11.7Moz Mallina project just keeps growing.

RBC Capital has Australia’s newest gold heavyweight pegged to become Australia’s 3rd largest producer in its first five years and has an ‘outperform’ price target of $1.80/sh for the Pilbara beast.

“We forecast material gold production of ~550kozpa at a low AISC of ~A$1200/oz,” says RBC analysts Alexander Barkley and Paul Wiggers de Vries.

“Mallina would be a top 5 producing Australian gold mine. Mine life is already nearing two decades, with a capex payback of ~2.5 years.

“Our Mallina NPV of A$0.92/sh (spot A$1.96/sh) is a valuation starting point; with potential life extension and/or processing capacity increases to exploit the vast gold resource.”

Its DFS is due this quarter, with analysts and investors alike thinking there are potentially bigger sharks swimming around the project.

“We find high corporate appeal for DEG. The progressive de-risking of the project could potentially fuel news flow around potential acquirers,” they say.

“… if any hypothetical acquirer has a bullish outlook on gold, their peak valuation for the asset might approach our spot upside case of $3.14/sh.”

CHALLENGER GOLD (ASX:CEL)

Gold hunter Challenger is eyeing lower costs and higher metal recoveries at the flagship Hualilan gold project in Argentina following breakthrough metallurgical testing results.

Hualilan’s monster endowment sits at 2.8Moz, updated in March this year, and the company is aiming to find the best processing techniques for returns on investment.

The project is nearby two huge operating gold mines, Barrick Gold’s Veladero which produces ~400,000ozpa and Fortuna Silver’s Lindero with an output of 110,000ozpa.

As part of a scoping study – the first proper looks at the economics of building a project — the company ran met test work through world-class lab SGS Lakefield which demonstrated “excellent recoveries of gold and silver using traditional sodium cyanide leaching”, Challenger says.

Interestingly, both Veladero and Lindero are heap leach operations.

Gold