It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials.

Failing to maintain good relationships with stakeholders (like governments, local communities) or meet environmental expectations can lead to large fines, production disruption, or even mine closures.

An investor’s worst nightmare.

In the last few years there has also been rapid growth in ESG-related investing, with several large fund management groups now refusing to invest in some types of mining companies — like coal producers — because of their environmental impact.

Major gold miners are responding to this increased scrutiny by announcing greenhouse gas (GHG) emissions targets, Metals Focus says.

“In November 2020, Newmont, the world’s biggest gold miner, announced it was targeting a 30% reduction in GHG emissions by 2030 and aiming to have net zero emissions by 2050,” it says.

“Meanwhile, Barrick updated their GHG emissions targets in April 2021, which broadly align with Newmont’s.

“Most of the other major gold producers have announced similar goals for their emissions.”

It’s not just the big guys either – near term producers like Bellevue Gold (ASX:BGL) are also jumping on board the “green and gold”.

With most gold mining companies now having emission targets in place, Metals Focus also expects to see more investment from the industry in renewable energy – solar, wind, batteries — in the coming years.

$USD gold price over the past 2 years.

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
MCT Metalicity 30 0 -28 -57 0.013 $ 29,746,878.46
DRE Dreadnought Resources 30 52 59 338 0.035 $ 83,921,919.87
AQI Alicanto Minerals 26 26 42 183 0.17 $ 54,917,799.72
FAU First Au 25 -6 -21 -6 0.015 $ 9,219,431.31
AL8 Alderan Resources 25 0 -56 -54 0.055 $ 16,386,760.06
AQX Alice Queen 25 -6 -50 -52 0.015 $ 18,548,799.68
LNY Laneway Res 25 0 -29 -44 0.005 $ 19,520,329.67
AUT Auteco Minerals 23 18 -11 -38 0.1025 $ 166,717,893.60
EMU EMU NL 23 6 -14 147 0.037 $ 17,804,064.88
NSM Northstaw 23 23 -18 0.37 $ 14,800,000.00
RML Resolution Minerals 23 13 -33 -72 0.027 $ 12,087,349.58
PGD Peregrine Gold 21 33 0.46 $ 13,073,458.50
GSN Great Southern 20 13 -44 -65 0.054 $ 24,116,082.26
HWK Hawkstone Mng 19 3 191 100 0.032 $ 49,681,038.03
PDI Predictive Disc 17 5 67 27 0.105 $ 133,191,634.28
SMI Santana Minerals 16 -17 -50 -46 0.095 $ 10,719,067.78
RSG Resolute Mining 16 15 -25 -49 0.625 $ 667,855,087.13
DGO DGO Gold Limited 15 3 16 8 3.55 $ 265,521,810.28
HAW Hawthorn Resources 14 -11 -52 -56 0.05 $ 17,009,296.26
GWR GWR Group 14 36 -15 495 0.375 $ 116,572,780.56
E2M E2 Metals 13 5 -42 106 0.34 $ 51,053,858.04
GRL Godolphin Resources 13 6 -30 -15 0.175 $ 14,719,323.85
TSO Tesoro Resources 13 6 -38 122 0.175 $ 97,407,182.93
NXM Nexus Minerals 13 -7 -41 0 0.08 $ 20,020,437.02
SBR Sabre Resources 13 -10 -61 50 0.0045 $ 6,732,254.60
TSC Twenty Seven Co. 13 13 -31 -25 0.0045 $ 11,973,103.02
WAF West African Res 11 11 6 18 1.135 $ 962,678,642.35
BNZ Benzmining 11 -1 -39 0.89 $ 33,880,279.50
HRN Horizon Gold 11 -1 -9 3 0.445 $ 43,210,266.48
TMX Terrain Minerals 11 11 -9 25 0.01 $ 7,357,610.09
G88 Golden Mile Res 11 0 11 -13 0.061 $ 8,401,099.68
VKA Viking Mines 11 -30 -54 120 0.021 $ 17,361,393.33
SIH Sihayo Gold Limited 10 -15 -42 -56 0.011 $ 40,540,075.54
REZ Resourc & En Grp 10 10 -33 74 0.033 $ 13,382,104.46
OKR Okapi Resources 10 5 -5 16 0.22 $ 11,736,698.82
AVW Avira Resources 10 10 -39 10 0.0055 $ 6,875,200.00
CY5 Cygnus Gold Limited 10 -18 -36 -23 0.115 $ 12,468,311.27
DCN Dacian Gold 9 7 -46 -28 0.295 $ 272,531,201.69
NAE New Age Exploration 9 -14 -14 50 0.012 $ 17,140,786.92
MEU Marmota Limited 9 11 -6 -18 0.049 $ 47,458,150.81
CBY Canterbury Resources 9 9 -13 -23 0.1 $ 11,186,519.70
TAM Tanami Gold NL 9 3 -19 17 0.076 $ 88,132,278.45
RDS Redstone Resources 8 -19 -13 8 0.013 $ 9,346,987.82
ALK Alkane Resources 8 22 29 -5 1.21 $ 723,397,392.00
RDN Raiden Resources 8 -7 -7 286 0.027 $ 33,713,320.39
FML Focus Minerals 8 -5 -33 15 0.275 $ 49,342,112.55
S2R S2 Resources 8 -10 -26 8 0.14 $ 43,297,537.11
WMX Wiluna Mining Corp 8 0 -29 -31 1 $ 159,861,266.82
KTA Krakatoa Resources 7 0 -26 -42 0.058 $ 15,900,150.00
SI6 SI6 Metals Limited 7 36 -53 114 0.015 $ 22,292,164.22
LCY Legacy Iron Ore 7 7 -59 433 0.016 $ 102,475,816.27
ARN Aldoro Resources 7 14 135 360 0.4 $ 33,011,643.23
MTC Metalstech 6 -7 19 79 0.25 $ 39,669,409.50
BRB Breaker Res NL 6 -3 -23 -36 0.17 $ 55,392,957.93
MTH Mithril Resources 6 6 -26 -26 0.017 $ 37,603,728.66
YRL Yandal Resources 6 2 28 111 0.6 $ 53,233,175.09
BAT Battery Minerals 6 -10 -22 50 0.018 $ 39,953,723.13
QML Qmines Limited 6 -1 0.365 $ 16,653,755.88
NAG Nagambie Resources 6 42 104 77 0.092 $ 45,993,775.83
CLA Celsius Resource 6 -12 -39 131 0.037 $ 39,794,667.08
TG1 Techgen Metals 5 -5 0.2 $ 7,705,757.00
CHN Chalice Mining 5 -13 59 597 7.32 $ 2,674,270,500.03
CTO Citigold Corp 5 -4 -18 130 0.0115 $ 30,580,000.00
FFR Firefly Resources 5 10 -12 104 0.115 $ 35,344,045.95
SBM St Barbara Limited 4 2 -21 -48 1.88 $ 1,338,164,961.21
ERM Emmerson Resources 4 -3 -10 -35 0.071 $ 36,371,409.70
CAI Calidus Resources 4 0 2 -9 0.51 $ 203,963,456.97
MDI Middle Island Res 4 24 -65 -75 0.13 $ 15,914,368.86
ZNC Zenith Minerals 4 16 108 126 0.26 $ 76,533,607.80
OKU Oklo Resources 4 -4 -43 -56 0.13 $ 63,003,726.50
TMZ Thomson Res 4 0 13 306 0.13 $ 60,226,076.30
DTM Dart Mining NL 4 -10 -27 -10 0.135 $ 13,492,639.26
AGG AngloGold Ashanti 4 -13 -17 -41 5.21 $ 469,232,843.90
KRM Kingsrose Mining 4 -5 20 17 0.055 $ 40,150,404.36
KWR Kingwest Resources 4 1 -55 -37 0.085 $ 17,374,338.43
MVL Marvel Gold Limited 4 6 10 135 0.057 $ 28,992,711.31
NWM Norwest Minerals 3 -9 -1 -51 0.089 $ 9,577,935.75
GSM Golden State Mining 3 -6 -21 -66 0.15 $ 12,412,253.70
AMI Aurelia Metals 3 10 -2 -17 0.455 $ 555,632,943.75
BGL Bellevue Gold 3 23 -11 -12 0.9875 $ 858,787,395.00
AME Alto Metals Limited 3 4 -6 38 0.094 $ 42,774,674.92
NML Navarre Minerals 3 -2 -52 -32 0.098 $ 69,517,215.10
TIE Tietto Minerals 3 3 -16 -42 0.34 $ 157,383,982.32
DEX Duke Exploration 3 -11 3 0.355 $ 28,119,958.96
SAU Southern Gold 3 -3 -42 -47 0.072 $ 15,359,670.43
MOH Moho Resources 3 -5 -20 -47 0.072 $ 7,539,104.35
HXG Hexagon Energy 3 -17 22 35 0.073 $ 33,897,050.85
RGL Riversgold 3 -18 -35 -45 0.037 $ 15,353,603.45
MGV Musgrave Minerals 3 -11 -1 -36 0.37 $ 199,958,605.88
KZR Kalamazoo Resources 3 -9 -41 -50 0.395 $ 52,116,866.43
ADT Adriatic Metals 2 -7 16 64 2.56 $ 470,502,928.61
GBR Greatbould Resources 2 -10 84 165 0.09 $ 32,119,902.45
TBA Tombola Gold 2 2 -26 53 0.046 $ 22,726,126.94
MRZ Mont Royal Resources 2 -13 -10 30 0.26 $ 9,658,562.33
SVL Silver Mines Limited 2 -13 8 141 0.265 $ 318,927,532.07
MEI Meteoric Resources 2 0 -28 53 0.055 $ 73,628,326.18
MML Medusa Mining 2 -4 10 24 0.865 $ 183,967,871.39
ADN Andromeda Metals 2 -24 -47 219 0.1625 $ 365,912,813.19
AAJ Aruma Resources 2 3 -44 -11 0.067 $ 6,887,460.26
RND Rand Mining 1 7 -21 -31 1.5 $ 85,313,941.50
FFX Firefinch 1 3 72 204 0.395 $ 363,821,439.60
STN Saturn Metals 1 1 -33 -44 0.43 $ 48,987,311.85
HMX Hammer Metals 1 -13 139 128 0.091 $ 74,212,031.75
TBR Tribune Res 1 0 -21 -32 4.88 $ 268,111,873.47
CYL Catalyst Metals 1 6 -1 -23 2.1 $ 202,489,189.38
CMM Capricorn Metals 1 -5 11 3 1.905 $ 679,037,789.26
RRL Regis Resources 1 -2 -30 -52 2.565 $ 1,930,772,997.12
SSR SSR Mining Inc. 1 -7 -18 21.12 $ 409,680,481.28
NCM Newcrest Mining 0 -6 -5 -22 25.9 $ 21,208,667,507.40
DEG De Grey Mining 0 -15 15 34 1.2325 $ 1,615,521,326.25
A8G Australasian Gold 0 -15 0.145 $ 4,967,241.15
FG1 Flynngold 0 0.15 $ 9,299,999.69
AGS Alliance Resources 0 0 -21 -11 0.15 $ 31,202,570.10
AZS Azure Minerals 0 -7 -52 127 0.25 $ 78,561,858.86
SNG Siren Gold 0 -10 -63 0.265 $ 16,611,894.42
SRN Surefire Rescs NL 0 -26 -55 250 0.014 $ 16,405,656.15
CHZ Chesser Resources 0 -19 -46 40 0.125 $ 57,135,453.13
ADV Ardiden 0 -20 -62 -50 0.008 $ 18,269,510.84
GMR Golden Rim Resources 0 -27 -27 -38 0.008 $ 21,362,797.43
SPQ Superior Resources 0 9 -8 85 0.012 $ 16,576,029.49
AOP Apollo Consolidated 0 3 -6 -21 0.3 $ 87,486,177.00
TRN Torrens Mining 0 79 -10 0.26 $ 17,735,883.88
AAR Anglo Australian 0 4 -43 -46 0.086 $ 47,120,670.72
AWV Anova Metals 0 -13 -29 -31 0.02 $ 28,661,884.00
GMN Gold Mountain 0 -16 -24 -54 0.032 $ 24,567,197.57
GBZ GBM Rsources 0 -7 -14 42 0.125 $ 54,405,772.75
BAR Barra Resources 0 -10 -32 -5 0.019 $ 12,874,553.92
TRM Truscott Mining Corp 0 44 117 105 0.039 $ 5,614,603.30
AGC AGC 0 -6 0.145 $ 9,481,819.76
AGC AGC 0 -6 0.145 $ 9,481,819.76
ENR Encounter Resources 0 -17 -17 -6 0.15 $ 47,438,478.45
OZM Ozaurum Resources 0 -17 0.125 $ 6,762,600.00
AWJ Auric Mining 0 -5 0.15 $ 6,588,379.35
CST Castile Resources 0 2 -31 28 0.23 $ 46,931,878.44
AYM Australia United Min 0 29 13 125 0.009 $ 16,583,197.37
MHC Manhattan Corp 0 -13 -44 -44 0.014 $ 21,367,901.70
XTC Xantippe Res 0 0 -20 0 0.002 $ 8,149,128.80
PNM Pacific Nickel Mines 0 18 7 195 0.059 $ 12,678,807.12
MLS Metals Australia 0 0 0 33 0.002 $ 8,454,376.09
MZZ Matador Mining 0 -16 28 26 0.46 $ 101,790,636.49
KGM Kalnorth Gold 0 0 0 44 0.013 $ 11,625,120.78
GUL Gullewa Limited 0 -5 -18 -4 0.082 $ 14,954,594.20
OBM Ora Banda Mining 0 -6 -50 -44 0.165 $ 164,689,858.92
SVY Stavely Minerals 0 -16 -45 -31 0.43 $ 113,518,231.62
WRM White Rock Min 0 -11 -12 -53 0.52 $ 45,659,253.48
ALY Alchemy Resource 0 0 -17 -23 0.015 $ 10,755,895.25
PUA Peak Minerals 0 -17 -26 -13 0.02 $ 12,294,053.04
IPT Impact Minerals 0 -7 -30 0 0.014 $ 26,309,333.95
MBK Metal Bank 0 -10 -36 4 0.009 $ 10,701,614.74
A8G Australasian Gold 0 -15 0.145 $ 4,967,241.15
MKG Mako Gold 0 -4 -18 -43 0.086 $ 22,122,777.77
NES Nelson Resources. 0 7 -40 9 0.059 $ 8,146,498.75
ICG Inca Minerals 0 -15 72 499 0.115 $ 48,386,832.59
PNR Pantoro Limited 0 -9 -9 -17 0.215 $ 302,805,619.02
NUS Nusantara Resources 0 10 15 6 0.34 $ 77,952,822.38
VRC Volt Resources 0 0 218 67 0.035 $ 85,389,555.48
MSR Manas Res 0 -8 57 83 0.011 $ 36,471,859.58
ANL Amani Gold 0 50 -25 0 0.0015 $ 18,580,495.12
GOR Gold Road Res 0 -10 -4 -30 1.3075 $ 1,158,358,038.97
SLR Silver Lake Resource 0 -2 -6 -23 1.7325 $ 1,520,717,418.38
EVN Evolution Mining 0 -9 -8 -24 4.58 $ 7,808,608,578.45
NST Northern Star -1 -9 -24 -32 10.045 $ 11,753,233,841.90
LM8 Lunnonmetalslimited -1 0.45 $ 34,470,070.20
PRU Perseus Mining -1 9 15 6 1.4975 $ 1,914,046,032.60
MAU Magnetic Resources -1 0 27 9 1.5 $ 327,260,235.00
ARV Artemis Resources -2 -8 -60 -6 0.058 $ 75,299,859.06
TAR Taruga Minerals -2 -14 4 38 0.054 $ 27,801,207.83
KAU Kaiser Reef -2 -13 -37 -28 0.26 $ 25,170,172.04
BBX BBX Minerals -2 -11 -18 38 0.235 $ 102,785,676.87
PRX Prodigy Gold NL -2 -21 -20 -35 0.041 $ 24,386,359.45
MRR Minrex Resources -2 -5 -17 33 0.02 $ 11,573,878.16
BGD Bartongoldholdings -3 0.195 $ 16,738,799.22
RED Red 5 Limited -3 0 -29 -15 0.19 $ 445,801,416.93
PKO Peako Limited -3 -5 41 307 0.038 $ 8,691,718.80
M2R Miramar -3 -16 -44 0.185 $ 8,970,853.80
MAT Matsa Resources -3 -11 -35 -53 0.071 $ 22,433,354.90
AM7 Arcadia Minerals -3 0.175 $ 5,985,000.00
BMO Bastion Minerals -3 -8 0.175 $ 10,341,766.80
BCN Beacon Minerals -3 -6 2 -6 0.034 $ 121,839,888.93
KCN Kingsgate Consolid. -3 -6 -17 98 0.83 $ 187,767,530.20
TIN Tnt Mines Limited -3 10 -38 10 0.165 $ 18,607,475.50
HCH Hot Chili -3 -11 -27 32 0.033 $ 99,333,424.99
POL Polymetals Resources -3 0.155 $ 5,823,488.55
KAI Kairos Minerals -3 -16 -14 -33 0.031 $ 51,970,556.79
DTR Dateline Resources -3 -12 84 84 0.092 $ 37,777,620.00
BTR Brightstar Resources -3 -14 -60 650 0.03 $ 13,192,522.92
BYH Bryah Resources -3 -21 -20 -2 0.059 $ 11,910,867.38
CEL Challenger Exp -3 5 26 21 0.29 $ 238,561,024.80
ZAG Zuleika Gold -3 -24 -43 7 0.029 $ 11,892,707.82
RXL Rox Resources -3 -9 -44 -67 0.425 $ 70,923,426.30
WWI West Wits Mining -4 -7 11 248 0.08 $ 113,485,568.81
WGX Westgold Resources. -4 -14 -29 -14 1.9 $ 810,090,160.34
NMR Native Mineral Res -4 -15 -39 0.25 $ 7,203,375.00
MM8 Medallion Metals. -4 -21 0.25 $ 20,242,521.50
GTR Gti Resources -4 9 -20 -17 0.024 $ 16,112,949.95
CAZ Cazaly Resources -4 -14 4 37 0.048 $ 17,739,036.82
NVA Nova Minerals -4 -25 -29 122 0.12 $ 201,713,597.64
RVR Red River Resources -4 0 -27 162 0.22 $ 119,088,104.41
PF1 Pathfinder Resources -4 -2 14 0.325 $ 16,160,361.75
M24 Mamba Exploration -4 -10 0.215 $ 8,325,000.00
BDC Bardoc Gold -4 -7 -30 -25 0.064 $ 111,056,472.06
SKY SKY Metals -5 -19 -48 -58 0.105 $ 34,199,122.65
TRY Troy Resources -5 0 -54 -51 0.042 $ 33,855,373.44
STK Strickland Metals -5 35 11 69 0.042 $ 32,363,241.11
AXE Archer Materials -5 35 74 116 0.985 $ 229,781,611.46
GIB Gibb River Diamonds -5 -11 -23 40 0.059 $ 12,479,057.26
EMR Emerald Res NL -5 -17 -2 52 0.875 $ 448,395,570.09
RMX Red Mount Min -5 -14 -50 58 0.0095 $ 11,311,402.40
VMC Venus Metals Cor -5 -12 -14 -37 0.19 $ 28,704,949.77
OAU Ora Gold Limited -5 -14 -17 19 0.019 $ 15,999,809.22
TLM Talisman Mining -5 -14 90 6 0.19 $ 36,392,535.08
CGN Crater Gold Min -6 0 -11 70 0.017 $ 20,867,429.74
PNX PNX Metals Limited -6 -6 21 -23 0.0085 $ 31,043,644.84
PUR Pursuit Minerals -6 -10 100 1081 0.066 $ 61,774,932.37
HRZ Horizon -6 -6 11 -18 0.1225 $ 70,996,900.00
VAN Vango Mining -6 -2 -16 -47 0.064 $ 70,148,929.98
BNR Bulletin Res -6 -9 -26 -29 0.064 $ 12,191,929.03
THR Thor Mining PLC -6 -11 -6 167 0.016 $ 8,843,680.64
RMS Ramelius Resources -6 -11 -3 -20 1.66 $ 1,351,268,661.56
AAU Antilles Gold -6 15 -15 50 0.077 $ 19,433,921.28
KCC Kincora Copper -6 -25 0.225 $ 16,930,429.92
BC8 Black Cat Syndicate -6 -15 -20 -32 0.59 $ 83,076,608.49
AUC Ausgold Limited -7 -18 -13 2 0.042 $ 66,584,680.72
SFM Santa Fe Minerals -7 -16 -11 20 0.084 $ 6,116,778.28
KSN Kingston Resources -7 -13 -24 -16 0.205 $ 61,003,443.39
GED Golden Deeps -7 8 8 30 0.013 $ 10,086,068.72
PRS Prospech Limited -7 -21 -41 0 0.13 $ 8,452,676.57
TNR Torian Resources -7 -13 -10 35 0.026 $ 22,604,065.95
CXU Cauldron Energy -8 -12 -25 64 0.036 $ 18,239,980.48
DLC Delecta Limited -8 0 -14 -25 0.006 $ 6,051,727.23
WCN White Cliff Min -8 -29 -57 0 0.012 $ 6,723,553.19
GNM Great Northern -8 -31 -15 -48 0.011 $ 13,299,560.74
A1G African Gold . -8 -21 -12 52 0.22 $ 20,109,725.68
DCX Discovex Res -8 -15 -31 -39 0.0055 $ 14,127,652.42
IVR Investigator Res -9 -30 -17 236 0.074 $ 99,295,995.53
TTM Titan Minerals -9 0 -13 -5 0.105 $ 119,642,505.57
ASO Aston Minerals -9 -18 319 308 0.155 $ 143,129,614.35
LCL Los Cerros Limited -9 -1 24 228 0.1675 $ 85,096,328.45
BRV Big River Gold -10 0 10 64 0.38 $ 83,345,667.14
XAM Xanadu Mines -10 -19 -7 -24 0.038 $ 47,713,474.50
SLZ Sultan Resources -10 -30 -16 6 0.19 $ 12,863,861.97
CDR Codrus Minerals -10 0.185 $ 7,400,000.00
LEX Lefroy Exploration -10 -25 333 220 0.865 $ 103,393,213.62
DDD 3D Resources Limited -10 -10 9 56 0.0045 $ 17,461,674.41
GML Gateway Mining -10 -14 -44 -5 0.018 $ 38,072,712.00
ICL Iceni Gold -10 -13 0.175 $ 19,940,398.74
MEG Megado -10 0 -35 0.13 $ 5,596,343.74
ONX Orminex -10 -14 34 30 0.043 $ 23,559,464.53
MKR Manuka Resources. -11 -26 -28 0.285 $ 26,992,687.96
PAK Pacific American Hld -11 -20 -30 78 0.016 $ 5,415,943.30
EM2 Eagle Mountain -11 -18 101 497 0.865 $ 171,255,837.35
CDT Castle Minerals -12 -6 50 0 0.015 $ 10,987,512.27
ANX Anax Metals -12 -18 50 207 0.075 $ 26,613,975.64
CWX Carawine Resources -14 -6 -10 5 0.22 $ 23,955,778.44
ARL Ardea Resources -15 -2 -3 80 0.485 $ 66,256,425.12
IDA Indiana Resources -19 -20 -2 54 0.059 $ 19,121,780.16
NPM Newpeak Metals -25 -25 -57 -40 0.0015 $ 11,408,322.60

Weekly top stocks

NEX METALS EXPLORATION (ASX:NME) and METALICITY (ASX:MCT)

Junior joint venture partners Nex and Metalicity gained on some shallow, very high-grade gold hits at the ‘McTavish’ prospect, part of the Kookynie project in WA.

Highlight drill results include:

  • 1 metre @ 91.2g/t gold from 30 metres
  • 4 metres @ 29.1 g/t from 20 metres, and
  • 1 metre @ 52.8 g/t from 89 metres

Anything above 5g/t is generally considered high grade.

“With McTavish ‘open’ along strike and at depth — and the results to date from ‘Leipold’ — not only does this bode incredibly well for the pending Mineral Resource Estimate; it is also incredibly encouraging for the 2 kilometres of strike between McTavish and Leipold,” Metalicity chief exec Justin Barton says.

 

ALICANTO MINERALS (ASX:AQI)

A maiden 3000m drilling campaign at the historic Sala project in Sweden is off to a great start, with visible silver, lead and zinc mineralisation hit in the first two diamond drill holes.

Last month, Alicanto sold a non-core gold project for $5.1m to help to fund ‘aggressive’ exploration at Sala and the nearby Greater Falun project in Sweden.

Alicanto is knee deep in a 3 rig, 20,000m drilling program to find a ‘company maker’ at Greater Falun, along strike from the historical Falun mine which produced 28 million tonnes at 4% copper, 4g/t gold, 35g/t silver, 5% zinc and 2% lead.

Assays are pending.

 

DREADNOUGHT RESOURCES (ASX:DRE)

A busy week for $90m market cap Dreadnought.

Tuesday, the company picked up some high-grade copper rock chips at the ‘Tarraji-Yampi’ project in WA.

Wednesday, it found high grade tantalum rock chip at the ‘Peggy Sue’ critical minerals prospect, part of the flasgship Illara project.

On Thursday, a ~4,000m drilling campaign kicked off at Tarraji-Yampi, with updates and assay results “expected throughout July and August 2021”.

 

ALICE QUEEN (ASX:AQX)

(Up on no news)

The gold-copper explorer continues to bounce off recent lows.

Last week, drilling confirmed a new 800m by 600m gold zone at the at ‘Horn Island’ which warrants additional follow up drilling, the company says.

High grade gold intersected at the ‘Tatooine’ anomaly at depth – including 5m at 4.4g/t from 128m – “remains open with an apparent near surface projection”.

Only three of 9 anomalies have been tested to date, AQX says.