As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says.

“There is an article in the last Economist asking, ‘what happens if bitcoin goes to zero?’,” Twigger told Stockhead on the sidelines on Diggers and Dealers this week.

Apart from complete carnage – potentially another subprime mortgage-like crisis — gold would be the true beneficiary of a crypto crash, he says.

“Gold has fundamental value; it has that history of being a store of value,” Twigger says.

“[A crypto crash] may well provide the next trigger for something big – a big fall would reignite the value of gold.”

“[Either way], I think the outlook for gold is very strong.”

USD gold price over the past 24 months.

Winners & Losers

Here’s how ASX-listed gold & silver stocks are performing:

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ONX Orminex 27 -9 5 -5 0.042 $ 19,724,202.86
MSR Manas Res 26 21 142 164 0.145 $ 48,076,524.37
M24 Mamba Exploration 24 -2 -31 0.21 $ 7,400,000.00
BDC Bardoc Gold 19 14 -11 -11 0.074 $ 128,409,045.82
NMR Native Mineral Res 18 -5 -2 0.26 $ 7,491,510.00
PDI Predictive Disc 17 89 162 113 0.17 $ 249,763,298.17
AWV Anova Metals 16 10 -12 -46 0.022 $ 32,961,166.60
HWK Hawkstone Mng 14 -6 -21 106 0.033 $ 56,491,477.19
AOP Apollo Consolidated 13 33 10 0 0.38 $ 110,815,824.20
STN Saturn Metals 13 29 21 -38 0.555 $ 59,122,617.75
ARV Artemis Resources 13 -2 -43 -39 0.06 $ 70,279,868.46
SBR Sabre Resources 13 13 -36 13 0.0045 $ 6,732,254.60
GBR Greatbould Resources 13 14 141 107 0.099 $ 37,303,459.20
AYM Australia United Min 13 0 -10 200 0.009 $ 16,583,197.37
OKU Oklo Resources 12 22 -24 -54 0.14 $ 68,044,024.62
FML Focus Minerals 12 0 -22 -38 0.28 $ 51,169,598.20
OKR Okapi Resources 11 136 161 141 0.495 $ 25,874,086.04
BC8 Black Cat Syndicate 11 2 -16 -26 0.625 $ 87,300,842.82
POL Polymetals Resources 10 7 0.16 $ 6,017,604.84
G88 Golden Mile Res 10 2 20 -15 0.055 $ 7,560,989.71
DCX Discovex Res 10 -8 -45 -39 0.0055 $ 12,843,320.38
WAF West African Res 10 7 29 1 1.125 $ 1,002,500,470.01
ENR Encounter Resources 10 10 26 26 0.17 $ 53,763,608.91
TTM Titan Minerals 10 5 -4 -26 0.115 $ 133,459,036.52
FFX Firefinch 9 13 126 193 0.44 $ 391,416,472.38
BNR Bulletin Res 8 -3 -19 -18 0.065 $ 10,757,584.44
MHC Manhattan Corp 8 -7 -50 -62 0.013 $ 18,315,344.32
HCH Hot Chili 8 18 14 33 0.04 $ 111,895,067.34
OZM Ozaurum Resources 8 17 -44 0.14 $ 7,282,800.00
SAU Southern Gold 8 -5 -30 -53 0.07 $ 14,933,012.92
RSG Resolute Mining 8 4 -18 -59 0.565 $ 640,257,769.48
THR Thor Mining PLC 7 0 -6 60 0.016 $ 8,843,680.64
ICG Inca Minerals 6 -17 18 160 0.1 $ 42,667,542.82
BAT Battery Minerals 6 0 -41 89 0.017 $ 33,645,240.53
MOH Moho Resources 6 -7 -11 -53 0.07 $ 7,229,278.14
GTR Gti Resources 6 -31 -31 -33 0.018 $ 11,601,323.96
ICL Iceni Gold 6 -8 0.185 $ 19,386,498.78
GML Gateway Mining 6 -10 -37 -5 0.019 $ 36,169,076.40
SKY SKY Metals 5 -5 -46 -20 0.1 $ 32,644,617.08
RMS Ramelius Resources 5 -1 19 -22 1.7275 $ 1,440,810,560.82
CBY Canterbury Resources 5 14 5 -22 0.105 $ 11,745,845.69
GMN Gold Mountain 5 -30 -49 -55 0.021 $ 15,354,498.48
PUR Pursuit Minerals 5 -11 97 256 0.063 $ 57,474,862.79
SMI Santana Minerals 5 21 -32 -34 0.115 $ 11,403,263.60
BGL Bellevue Gold 5 10 0 -7 1.045 $ 906,020,701.73
SSR SSR Mining Inc. 4 8 1 22.8 $ 486,121,108.40
AME Alto Metals Limited 4 1 21 6 0.094 $ 40,973,635.98
QML Qmines Limited 4 -3 0.355 $ 16,659,120.15
FFR Firefly Resources 4 4 -1 49 0.12 $ 36,229,894.78
ADT Adriatic Metals 4 21 32 30 2.98 $ 553,339,218.00
CAZ Cazaly Resources 4 0 21 49 0.052 $ 18,847,726.62
CHZ Chesser Resources 4 8 -32 -42 0.14 $ 69,524,418.75
AAJ Aruma Resources 4 -14 -38 -38 0.056 $ 5,615,929.13
OBM Ora Banda Mining 4 -12 -52 -60 0.145 $ 145,971,940.35
CXU Cauldron Energy 3 -14 -33 7 0.03 $ 13,679,985.36
RND Rand Mining 3 5 -14 -34 1.55 $ 88,157,739.55
KAI Kairos Minerals 3 -6 -3 -16 0.031 $ 55,324,875.05
S2R S2 Resources 3 23 -14 28 0.16 $ 53,531,500.43
ARN Aldoro Resources 3 24 87 304 0.485 $ 44,121,771.56
GOR Gold Road Res 3 3 14 -28 1.345 $ 1,206,806,474.06
RGL Riversgold 3 0 -20 -38 0.037 $ 14,949,561.25
TIE Tietto Minerals 3 9 -1 -40 0.375 $ 168,788,618.72
RED Red 5 Limited 3 5 -11 -26 0.195 $ 445,801,416.93
RXL Rox Resources 2 -14 -23 -57 0.415 $ 66,983,235.95
PNR Pantoro Limited 2 -2 -7 -18 0.21 $ 295,889,726.58
TLM Talisman Mining 2 2 119 50 0.21 $ 40,125,102.78
DTR Dateline Resources 2 -5 74 74 0.087 $ 37,367,819.84
MKG Mako Gold 2 -3 -16 -27 0.088 $ 28,296,576.18
NES Nelson Resources. 2 -26 -54 -31 0.047 $ 6,837,240.02
MEI Meteoric Resources 2 -14 -33 -4 0.048 $ 64,045,993.87
AZS Azure Minerals 2 -4 -49 56 0.25 $ 77,308,930.25
CMM Capricorn Metals 2 14 26 6 2.17 $ 810,271,952.60
TAR Taruga Minerals 7 7 28 23 0.059 $ 28,430,360.34
GSN Great Southern 2 10 -33 -61 0.057 $ 26,391,184.36
IDA Indiana Resources 2 -9 0 63 0.067 $ 25,129,669.50
SBM St Barbara Limited 1 -6 -22 -52 1.75 $ 1,260,460,344.42
KZR Kalamazoo Resources 1 -5 -31 -47 0.365 $ 48,976,223.41
AAU Antilles Gold 1 -3 -5 80 0.078 $ 19,686,309.86
BGD Bartongoldholdings 1 -1 0.1975 $ 16,738,799.22
WGX Westgold Resources. 1 -8 -20 -25 1.805 $ 778,280,337.29
MGV Musgrave Minerals 1 -17 -14 -59 0.3125 $ 167,965,228.94
TBR Tribune Res 1 8 -9 -28 5.44 $ 285,951,019.65
DEG De Grey Mining 0 2 33 48 1.24 $ 1,641,369,667.47
SLR Silver Lake Resource 1 -12 -3 -42 1.5025 $ 1,336,000,448.72
G50 Gold50Limited 0.25 $ 12,579,500.25
TG1 Techgen Metals 0 9 0.19 $ 7,127,825.23
LM8 Lunnonmetalslimited 0 11 0.52 $ 40,215,081.90
HXG Hexagon Energy 0 -4 -40 15 0.069 $ 30,328,940.24
AGS Alliance Resources 0 3 0 -13 0.155 $ 32,242,655.77
CDT Castle Minerals 0 -19 44 0 0.013 $ 8,790,009.82
SRN Surefire Rescs NL 0 7 -38 114 0.015 $ 16,405,656.15
MDI Middle Island Res 0 -15 -58 -79 0.11 $ 13,466,004.42
RMX Red Mount Min 0 0 -44 29 0.009 $ 12,202,305.17
SPQ Superior Resources 0 25 -12 67 0.015 $ 19,338,701.07
HAW Hawthorn Resources 0 -2 -55 -60 0.045 $ 15,008,202.59
AL8 Alderan Resource 0 -15 -55 -69 0.047 $ 15,194,995.69
LCY Legacy Iron Ore 0 7 -48 200 0.015 $ 96,071,077.76
CGN Crater Gold Min 0 0 -32 70 0.017 $ 20,867,429.74
CAI Calidus Resources 0 -5 11 -16 0.495 $ 197,964,531.77
GED Golden Deeps 0 -8 -8 9 0.012 $ 9,310,217.28
GBZ GBM Rsources 0 -4 4 19 0.125 $ 52,229,541.84
HRZ Horizon 0 -8 0 -23 0.115 $ 65,317,148.00
TRM Truscott Mining Corp 0 -6 74 94 0.033 $ 5,621,837.13
MML Medusa Mining 0 -8 -5 -15 0.82 $ 166,298,640.80
KCN Kingsgate Consolid. 0 -3 -11 44 0.8 $ 180,980,752.00
TSC Twenty Seven Co. 0 0 -33 -27 0.004 $ 9,312,848.67
RDS Redstone Resources 0 -8 -15 -21 0.011 $ 7,908,989.69
CTO Citigold Corp 0 0 -15 -27 0.011 $ 30,580,000.00
XTC Xantippe Res 0 0 0 -20 0.002 $ 8,149,128.80
SIH Sihayo Gold Limited 0 -9 -29 -64 0.01 $ 36,854,614.13
NAE New Age Exploration 0 0 -8 20 0.012 $ 17,140,786.92
MLS Metals Australia 0 0 0 0 0.002 $ 8,454,376.09
LNY Laneway Res 0 11 -23 -41 0.005 $ 17,568,296.70
KGM Kalnorth Gold 0 0 0 18 0.013 $ 11,625,120.78
DDD 3D Resources Limited 0 -11 -3 21 0.004 $ 17,461,674.41
WCN White Cliff Min 0 8 -33 56 0.014 $ 7,240,749.59
ALY Alchemy Resource 0 0 -22 -16 0.014 $ 9,411,408.34
PUA Peak Minerals 0 -10 -33 -14 0.018 $ 11,064,647.74
SFM Santa Fe Minerals 0 -7 -30 18 0.084 $ 6,116,778.28
IPT Impact Minerals 0 -7 -35 -35 0.013 $ 28,333,128.87
TIN Tnt Mines Limited 0 0 -35 -3 0.16 $ 18,007,234.35
MBK Metal Bank 0 13 -18 -15 0.009 $ 10,701,614.74
PRX Prodigy Gold NL 0 -14 -8 -56 0.037 $ 21,483,221.42
A1G African Gold . 0 -9 -9 22 0.2 $ 16,910,451.14
PNX PNX Metals Limited 0 -11 0 -11 0.008 $ 29,217,548.09
NUS Nusantara Resources 0 0 26 0 0.34 $ 77,952,822.38
ERM Emmerson Resources 0 -7 3 -33 0.07 $ 33,880,217.25
SLZ Sultan Resources 0 -16 -10 6 0.18 $ 12,516,190.02
OAU Ora Gold Limited 0 5 -13 11 0.02 $ 16,841,904.44
ANL Amani Gold 0 50 50 -25 0.0015 $ 18,580,495.12
NCM Newcrest Mining -1 2 5 -28 26.22 $ 21,772,597,394.88
YRL Yandal Resources -1 11 37 81 0.535 $ 51,224,376.03
NST Northern Star -1 0 -16 -39 10.01 $ 11,962,697,415.32
TAM Tanami Gold NL -1 -4 -12 -5 0.071 $ 84,606,987.31
VAN Vango Mining -1 0 0 -48 0.067 $ 73,644,282.87
A8G Australasian Gold -2 0 0.145 $ 4,801,666.45
A8G Australasian Gold -2 0 0.145 $ 4,801,666.45
BNZ Benzmining -2 -9 -38 0.78 $ 29,362,908.90
SNG Siren Gold -2 -2 -54 0.255 $ 16,611,894.42
ARL Ardea Resources -2 -12 11 -16 0.495 $ 69,017,109.50
EMR Emerald Res NL -2 -2 9 40 0.88 $ 456,126,528.20
MZZ Matador Mining -2 -17 30 -10 0.41 $ 89,261,730.43
PRU Perseus Mining -2 5 38 4 1.61 $ 2,042,904,334.05
BAR Barra Resources -3 3 -19 -19 0.0195 $ 13,213,357.97
NAG Nagambie Resources -3 -11 50 42 0.078 $ 38,994,722.99
EVN Evolution Mining -3 -10 -12 -33 4.11 $ 7,558,388,498.13
RVR Red River Resources -3 -16 -20 42 0.185 $ 95,788,257.90
RRL Regis Resources -3 -1 -27 -55 2.55 $ 1,945,857,161.16
CST Castile Resources -3 -25 0 -32 0.18 $ 36,946,372.39
VMC Venus Metals Cor -3 -10 -26 -34 0.175 $ 26,438,769.53
DGO DGO Gold Limited -3 3 17 -1 3.1 $ 239,898,672.14
WMC Wiluna Mining Corp -3 7 -23 -26 1.01 $ 162,264,966.10
M2R Miramar -3 -15 -31 0.165 $ 7,554,403.20
CYL Catalyst Metals -3 -7 -10 -26 1.94 $ 194,134,052.93
ADN Andromeda Metals -3 3 -46 240 0.16 $ 406,019,962.59
MAT Matsa Resources -3 -15 -36 -56 0.064 $ 22,921,895.68
ZAG Zuleika Gold -3 -6 -35 -3 0.031 $ 12,302,801.19
LCL Los Cerros Limited -3 -21 7 74 0.155 $ 91,833,987.45
REZ Resourc & En Grp -3 0 -26 41 0.031 $ 13,382,104.46
AGG AngloGold Ashanti -3 2 -12 -47 5.21 $ 483,506,086.30
CHN Chalice Mining -3 -12 71 528 7 $ 2,473,045,141.80
SVL Silver Mines Limited -3 -14 -9 -13 0.2275 $ 284,369,910.38
GSM Golden State Mining -3 -3 0 -59 0.145 $ 11,998,511.91
HMX Hammer Metals -3 -6 -2 93 0.087 $ 73,214,516.07
AWJ Auric Mining -3 -7 0.14 $ 6,149,154.06
MVL Marvel Gold Limited -4 -5 29 -19 0.054 $ 27,482,371.63
BYH Bryah Resources -4 -11 -14 -2 0.054 $ 11,891,187.45
TNR Torian Resources -4 -4 -30 44 0.026 $ 22,604,065.95
HRN Horizon Gold -4 -13 -20 -27 0.385 $ 41,076,426.16
KRM Kingsrose Mining -4 -9 19 38 0.051 $ 37,960,382.30
TSO Tesoro Resources -4 -20 -52 -33 0.12 $ 57,445,261.73
RDN Raiden Resources -4 -21 0 188 0.023 $ 31,216,037.40
TBA Tombola Gold -4 0 -30 35 0.046 $ 27,160,493.17
MEU Marmota Limited -4 7 -4 -19 0.046 $ 44,552,549.74
KCC Kincora Copper -4 0 0.23 $ 16,577,712.63
NVA Nova Minerals -4 -12 -29 120 0.11 $ 193,308,864.41
E2M E2 Metals -4 2 -40 83 0.33 $ 49,552,273.98
VKA Viking Mines -5 11 -48 142 0.021 $ 21,446,427.05
SVY Stavely Minerals -5 -8 -41 -28 0.42 $ 112,213,424.36
ALK Alkane Resources -5 -6 40 -6 1.11 $ 687,674,064.00
KSN Kingston Resources -5 -7 -23 -11 0.2 $ 58,661,684.19
ASO Aston Minerals -5 -8 345 203 0.1425 $ 133,587,640.06
AUC Ausgold Limited -5 -16 -27 9 0.038 $ 61,828,632.10
MTH Mithril Resources -5 19 -14 -32 0.019 $ 42,304,194.74
GIB Gibb River Diamonds -5 -2 -20 0 0.057 $ 12,056,038.37
AXE Archer Materials -5 50 79 249 1.5 $ 330,174,491.70
MKR Manuka Resources. -5 -13 -40 -53 0.275 $ 27,910,042.33
MRR Minrex Resources -5 -10 -28 -5 0.018 $ 10,010,466.99
CEL Challenger Exp -5 -10 -24 24 0.26 $ 226,950,239.07
AM7 Arcadia Minerals -6 0 0.17 $ 5,814,000.00
CDR Codrus Minerals 0 -10 0.18 $ 6,800,000.00
BMO Bastion Minerals -6 -11 0.17 $ 9,767,224.20
ADV Ardiden -6 0 -65 -43 0.0085 $ 17,194,833.73
GMR Golden Rim Resources -6 21 -15 -50 0.0085 $ 22,697,972.27
NSM Northstaw -6 0 -24 0.335 $ 13,400,000.00
FG1 Flynngold -6 3 0.16 $ 9,599,999.68
BCN Beacon Minerals -6 -9 1 -4 0.032 $ 114,672,836.64
GUL Gullewa Limited -6 -5 -10 -18 0.078 $ 14,225,101.80
BRB Breaker Res NL -6 -9 -24 -37 0.155 $ 50,505,344.00
AGC AGC -6 0 -19 0.145 $ 9,481,819.76
AGC AGC -6 0 -19 0.145 $ 9,481,819.76
TMZ Thomson Res -7 -17 -33 162 0.1075 $ 48,644,138.55
BTR Brightstar Resources -7 -7 -30 600 0.028 $ 12,313,021.39
MRZ Mont Royal Resources -7 -24 -13 -11 0.205 $ 7,575,343.00
DCN Dacian Gold -7 -15 -49 -38 0.2375 $ 227,346,050.94
TRY Troy Resources -7 -7 -52 -57 0.04 $ 33,457,074.92
MAU Magnetic Resources -7 -4 9 0 1.505 $ 328,351,102.45
AQX Alice Queen -7 0 -61 -75 0.013 $ 16,075,626.39
VRC Volt Resources -7 -26 63 44 0.026 $ 63,441,341.21
FAU First Au -8 -14 -37 -37 0.012 $ 7,375,545.05
EM2 Eagle Mountain -8 -18 118 300 0.72 $ 150,137,551.42
NXM Nexus Minerals -8 6 -17 9 0.083 $ 19,532,133.68
AMI Aurelia Metals -8 -19 -11 -39 0.355 $ 432,158,956.25
MTC Metalstech -8 -2 18 -17 0.225 $ 35,702,468.55
IVR Investigator Res -8 -17 -24 16 0.067 $ 90,028,369.28
GNM Great Northern -8 0 -15 -54 0.011 $ 13,299,560.74
SI6 SI6 Metals Limited -8 -27 -45 57 0.011 $ 17,415,753.30
DLC Delecta Limited -8 -8 -21 10 0.0055 $ 5,547,416.63
PNM Pacific Nickel Mines -8 0 -4 -8 0.055 $ 12,034,122.02
XAM Xanadu Mines -9 -11 -6 -46 0.032 $ 39,030,170.25
MEG Megado -9 -32 -45 0.105 $ 4,520,123.79
AUT Auteco Minerals -9 22 -5 -51 0.105 $ 183,389,682.96
GRL Godolphin Resources -9 -11 -35 -33 0.155 $ 13,037,115.41
BRV Big River Gold -9 -14 -12 22 0.36 $ 82,249,013.63
ANX Anax Metals -9 -19 -9 190 0.071 $ 24,863,056.19
MCT Metalicity Limited -9 0 -47 -60 0.01 $ 21,431,715.32
CLA Celsius Resource -9 -17 -46 53 0.029 $ 30,369,614.35
PF1 Pathfinder Resources -9 -16 -5 0.29 $ 14,420,015.10
TRN Torrens Mining -10 -28 3 0.19 $ 12,960,838.22
KTA Krakatoa Resources -10 -15 -32 -47 0.047 $ 13,904,434.87
AQI Alicanto Min -10 -3 33 75 0.14 $ 45,901,444.54
AAR Anglo Australian -10 -7 -34 -58 0.082 $ 52,463,773.03
BBX BBX Minerals -10 -4 -22 22 0.225 $ 107,635,046.63
AVW Avira Resources -10 -10 -25 -10 0.0045 $ 6,187,680.00
WWI West Wits Mining -10 -24 -15 182 0.062 $ 88,306,026.48
KAU Kaiser Reef -10 -19 -49 -40 0.22 $ 21,297,837.88
PGD Peregrine Gold -11 8 0.41 $ 12,500,298.66
TMX Terrain Minerals -11 -11 -20 -38 0.008 $ 5,886,088.07
DEX Duke Exploration -11 -21 -7 0.28 $ 25,259,122.56
DRE Drednought Resources -11 60 74 264 0.04 $ 106,492,689.47
NML Navarre Minerals -11 -9 -44 -33 0.087 $ 61,175,149.29
MM8 Medallion Metals. -12 -10 0.23 $ 19,432,820.64
PKO Peako Limited -12 -26 4 83 0.029 $ 9,253,623.03
CWX Carawine Resources -12 -7 0 13 0.215 $ 23,955,778.44
WRM White Rock Min -12 -17 -17 -44 0.425 $ 38,964,188.01
EMU EMU NL -13 -29 -51 23 0.027 $ 12,325,891.07
NWM Norwest Minerals -15 -9 -6 -26 0.074 $ 7,618,812.53
RML Resolution Minerals -15 -12 -31 -71 0.022 $ 11,639,669.96
KWR Kingwest Resources -16 -21 -64 -58 0.07 $ 14,579,403.37
ZNC Zenith Minerals -16 -21 62 100 0.21 $ 66,064,736.44
CY5 Cygnus Gold Limited -18 27 -20 -15 0.14 $ 16,805,115.19
PRS Prospech Limited -18 -36 -50 0 0.09 $ 6,176,955.96
PAK Pacific American Hld -19 -6 -32 42 0.017 $ 5,415,943.30
DTM Dart Mining NL -19 -25 -36 -57 0.105 $ 10,494,274.98
STK Strickland Metals -24 -11 41 -2 0.041 $ 42,142,738.79
NPM Newpeak Metals -25 -25 -50 -25 0.0015 $ 13,587,660.33
GWR GWR Group -26 -24 -14 270 0.285 $ 90,835,932.90
LEX Lefroy Exploration -39 -46 143 62 0.485 $ 60,112,333.50
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WEEKLY TOP MOVERS

ORMINEX (ASX:ONX)

(Up on no news)

In December, this former struggler sold 50% of its undeveloped 248,000oz ‘Penny’s Find’ gold mine for $1.5m to Horizon Minerals (ASX:HRZ), which shelled out another $1m to fund early development.

Approvals for mine development are in place and a toll milling agreement executed for ore processing in the March quarter 2022.

At the end of July, Orminex was also in discussions “with key stakeholders of a number of strategic gold projects in the proven and prospective Abitibi region, located in the Tier-1 jurisdiction of Quebec, Canada”.

 

MANAS RESOURCES (ASX:MSR)

Manas, renamed Turaco Gold (proposed code ‘TCG’), has acquired ~62,000sqkm of gold-prospective ground in Côte d’Ivoire, Africa, from miner Resolute (ASX:RSG).

It’s three core projects are Boundiali (89% JV with proven mine finder Predictive Discovery), Ferke (89% JV with Predictive Discovery), and Tongon North (100%).

Exploration within the Resolute package will kick off immediately with auger drilling this week, aircore and RC drilling at Boundiali within the next two weeks.

 

BARDOC GOLD (ASX:BDC)

Bardoc Gold (ASX:BDC)  revealed plans at Diggers and Dealers  to bring forward ounces at its 135,760ozpa Bardoc gold project and front load the first five years of production.

The mine, which comprises several deposits around 40-80km north of Kalgoorlie, is expected to produce first gold in late 2022.

 

PREDICTIVE DISCOVERY (ASX:PDI)

The monstrous ‘Bankan’ gold discovery in Guinea keeps getting bigger, just like Predictive’s share price.

The stock ‘is now up 2,740% — from 0.59c to $16.75 per share — since announcing the discovery hole in March last year.

New drill results obtained north of the high-grade gold zone at ‘NE Bankan’ including 61m at 1.9g/t will go toward calculating a maiden resource (MRE) for the project, due out late September.

Drilling is now in progress to test the high-grade gold zone at depth.

The first of these holes is testing the target zone at around 350m vertical depth, the deepest hole to be completed at NE Bankan so far.

Assays from this hole are expected in 3-4 weeks (after the cut-off date for inclusion in the MRE).

“With approximately $28 million cash on hand, the company remains well funded to execute an aggressive drill program that aims to continue driving growth in scale at each of NE Bankan and Bankan Creek, as well as explore earlier-stage regional targets,” Predictive says.