• 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.

 

 

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.

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
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Top ASX Gold Stories This Week

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.

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