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Gold Digger: Lock up your catalytic convertor, PGM demand is about to go through the roof

iStock / Getty Images Plus/ Michael Vi

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Platinum group metals (PGMs) — platinum, palladium, rhodium, iridium, ruthenium and osmium — are highly valued for their wide range of industrial, medical, and electronic applications.

The biggest demand sector for PGMs is ‘auto catalysts’ in car exhausts which reduce polluting emissions in ICE and hybrid vehicles.

These auto catalysts, or catalytic convertors, account for 40% and 80% of annual platinum and palladium production, respectively.

Last year, the theft of catalytic converters from car exhausts escalated as the price of platinum group metals (PGMs) hit record highs.

Stolen converters were selling for between $US50 and $US1,600 on the black market. It was getting so bad some car owners were taking matters into their own hands.

Platinum currently sells for $US1,035/oz, which is chump change next to palladium ($US1,982) and rhodium ($US15,650/oz).

These prices are well down on all-time highs hit mid 2021, as the global semiconductor shortage forced car makers slash more than 11 million light vehicles from production plans when comparing Q4 2021 to Q4 2020.

In September, German chemicals firm Heraeus said the loss of 7mn light vehicles equates to “a reduction in demand of almost 1mn oz palladium and over 100,000oz of rhodium”.

Auto catalyst demand to hit record highs in 2022

In 2022, Metals Focus expects Total PGM demand to grow 11%, breaching 12.8Moz. That’s a record high.

“This is 1.2Moz more than 2021 and 200koz higher than pre-pandemic levels, despite expectations that vehicle numbers will still be lower than in 2019,” it says.

This demand growth will be driven by two key factors: a 12.2% year-on-year growth in car production, and tighter emissions legislation in major markets.

Tighter emissions standards = more PGMs in your catalytic convertor. Or something like that.

Turning to the individual metals, platinum will lead the charge with demand growing 20% in 2022.

“With platinum still trading at a meaningful discount to palladium, we will continue to see the deployment of tri-metal catalyst technology, which contains an increased share of platinum,” Metals Focus says.

“Platinum demand in China will also be supported by tightening emissions legislation for heavy duty and offroad vehicles.”

Palladium demand is expected to increase by almost 650koz or 8% y/y in 2022.

Rhodium autocatalyst demand will be returning to all-time highs in 2022. The longer-term outlook is also rosy.

“… the metal is unparalleled at NOx abatement,” Metals Focus says.

“As NOx emission limits across emerging markets continue to converge to European and US standards, higher rhodium loadings are needed, and this is also expected to contribute to demand growth for this metal.”

Gold breaches $US1,840/oz

Gold miners went wild this week as prices hit US$1842/oz on Thursday, the highest level in two months.

In fact, the entire precious metals complex made big gains:

Gold is slowly getting its groove back as Treasury yields continue to edge lower from recent highs, says OANDA senior market analyst Edward Moya.

“A big wild card for gold is what will happen with Russia-Ukraine tensions…the risks are growing and a small-scale attack could happen,” he says.

“Geopolitical risks and surging global inflation should keep on providing gold underlying support going forward.

“Gold’s next upside target includes the $1880 level, followed by the psychological $1,900 level.”

 

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.

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ZAG Zuleika Gold 110% 110% 40% -14% 0.042 $17,223,921.67
BNR Bulletin Res 63% 120% 142% 79% 0.145 $40,245,848.67
LM8 Lunnonmetals 61% 123% 98% 0% 0.86 $72,387,147.42
RXL Rox Resources 37% 37% 19% -18% 0.48 $79,591,845.07
TNR Torian Resources 36% 50% 15% 7% 0.03 $37,061,431.16
ADV Ardiden 35% 59% 119% -42% 0.0175 $41,198,371.76
M24 Mamba Exploration 33% 30% 26% 0% 0.24 $9,438,000.72
ANL Amani Gold 33% 33% 100% 33% 0.002 $45,751,128.21
MHC Manhattan Corp 28% 23% 23% -43% 0.016 $22,894,180.40
CLA Celsius Resource 28% 68% 3% -37% 0.032 $36,889,232.84
TMZ Thomson Res 27% 35% -30% -26% 0.081 $47,197,670.94
A1G African Gold 26% 26% 33% 21% 0.24 $27,349,375.44
ASO Aston Minerals 26% 38% 4% 272% 0.145 $147,900,601.50
AVW Avira Resources 25% 0% 0% -38% 0.005 $8,593,950.00
ARL Ardea Resources 25% 34% 41% 44% 0.635 $92,322,095.64
ZNC Zenith Minerals 24% 67% 44% 200% 0.36 $128,926,558.13
SI6 SI6 Metals 22% 22% -15% -52% 0.011 $15,709,583.84
SBR Sabre Resources 22% 22% 38% -31% 0.0055 $8,639,068.25
SAU Southern Gold 20% 12% -3% -40% 0.066 $14,079,697.90
MRR Minrex Resources 20% 91% 272% 168% 0.067 $51,208,059.72
NML Navarre Minerals 19% 29% 3% -52% 0.093 $128,279,182.29
PAK Pacific American Hld 19% 19% 13% -22% 0.019 $9,079,670.64
G88 Golden Mile Res 18% 4% -2% 6% 0.053 $10,035,063.02
BTR Brightstar Resources 17% 56% 150% 6% 0.07 $35,545,956.49
EMU EMU NL 16% 22% -24% -54% 0.022 $11,546,104.16
DEG De Grey Mining 15% 25% 18% 44% 1.38 $2,025,249,876.00
RMX Red Mount Min 15% 28% 28% -12% 0.0115 $17,573,499.62
XTC Xantippe Res 15% 130% 475% 475% 0.0115 $67,840,029.83
CDT Castle Minerals 15% 100% 229% 360% 0.046 $41,972,475.34
BMO Bastion Minerals 15% -15% 15% 0% 0.195 $14,611,205.70
LEX Lefroy Exploration 15% 20% -48% 58% 0.355 $53,973,627.16
BMR Ballymore Resources 14% -7% 0% 0% 0.2 $14,695,616.20
VKA Viking Mines 14% -6% -11% -58% 0.016 $17,429,393.33
WWI West Wits Mining 14% 11% -50% -38% 0.041 $79,043,995.82
LRL Labyrinth Resources 14% 14% 3% 0% 0.041 $36,086,789.76
SRN Surefire Rescs NL 14% 25% -11% -48% 0.0125 $14,356,035.32
WCN White Cliff Min 14% 47% 79% -32% 0.025 $14,829,909.98
AUT Auteco Minerals 13% 21% -32% -26% 0.085 $151,936,104.24
FG1 Flynngold 13% 16% 6% 0% 0.18 $12,052,849.50
RML Resolution Minerals 13% 20% -28% -50% 0.018 $10,830,048.88
KTA Krakatoa Resources 12% 22% 10% -21% 0.055 $17,682,595.02
NES Nelson Resources. 12% 23% -19% -53% 0.037 $6,411,642.44
A8G Australasian Metals 12% 23% 364% 0% 0.65 $26,914,230.98
SVL Silver Mines 12% 18% 2% 4% 0.235 $310,039,714.32
IPT Impact Minerals 12% 12% 12% -3% 0.0145 $28,333,128.87
MKR Manuka Resources. 11% 10% 31% -11% 0.34 $35,014,416.74
ANX Anax Metals 11% 20% 42% 104% 0.098 $34,221,323.14
AQX Alice Queen 11% 0% -23% -68% 0.01 $13,702,230.10
AWV Anova Metals 11% 11% 11% -26% 0.02 $28,661,884.00
VMC Venus Metals Cor 11% 21% 5% -2% 0.2 $30,215,736.60
PF1 Pathfinder Resources 11% 38% 27% 27% 0.4 $20,185,983.80
DGO DGO Gold 11% 10% -12% 1% 2.94 $250,431,336.00
AAJ Aruma Resources 11% 33% 58% 3% 0.093 $14,485,572.85
AL8 Alderan Resource 11% -6% -38% -74% 0.031 $12,341,416.32
RGL Riversgold 11% 31% -45% -60% 0.021 $7,676,801.72
GSM Golden State Mining 10% 29% -27% -35% 0.11 $10,385,998.13
GBR Greatbould Resources 10% 22% 94% 245% 0.165 $60,730,087.53
SPQ Superior Resources 10% 167% 273% 180% 0.056 $90,208,243.09
DEX Duke Exploration 10% -8% -48% -46% 0.17 $15,335,895.84
PNM Pacific Nickel Mines 10% 40% 121% 117% 0.115 $31,156,816.49
AWJ Auric Mining 9% 14% -17% 0% 0.12 $6,447,976.06
WGX Westgold Resources. 9% 5% 11% -15% 2.05 $859,502,255.32
TCG Turaco Gold 9% 4% 39% 79% 0.125 $56,488,430.98
GSN Great Southern 9% 7% 3% -22% 0.063 $34,071,493.50
M2R Miramar 9% -14% 6% -34% 0.19 $8,966,703.60
GBZ GBM Rsources 8% 13% -7% -7% 0.13 $66,405,209.91
THR Thor Mining PLC 8% -7% -13% -35% 0.013 $11,897,043.15
NAG Nagambie Resources 8% 2% -28% 44% 0.065 $31,495,737.80
ALY Alchemy Resource 8% 18% -5% -26% 0.013 $12,380,483.57
RMS Ramelius Resources 8% 2% -8% -1% 1.58 $1,344,446,918.95
HMX Hammer Metals 8% 38% -25% -27% 0.066 $57,864,618.23
HRZ Horizon 8% 4% 17% 17% 0.135 $75,256,714.00
CAI Calidus Resources 8% 38% 73% 73% 0.82 $340,225,261.90
KAU Kaiser Reef 8% 20% -18% -48% 0.21 $26,932,557.08
BBX BBX Minerals 7% 14% -24% -51% 0.1825 $82,803,865.50
PRS Prospech 7% -2% -54% -71% 0.06 $3,910,860.30
MZZ Matador Mining 7% 15% -6% 21% 0.375 $78,832,160.17
KNB Koonenberrygold 7% -14% 0% 0% 0.155 $11,488,015.34
MAT Matsa Resources 7% 9% -14% -37% 0.063 $21,896,231.82
MEU Marmota 7% 14% -4% -2% 0.049 $51,944,309.75
NST Northern Star 6% 5% -4% -27% 9.77 $11,331,666,966.27
IVR Investigator Res 6% 8% 0% -15% 0.069 $92,956,262.49
CWX Carawine Resources 6% 0% -17% -30% 0.175 $23,858,510.73
HAW Hawthorn Resources 6% 25% 128% 0% 0.105 $31,683,983.24
NWM Norwest Minerals 6% 11% -10% -20% 0.071 $13,184,332.83
CY5 Cygnus Gold 6% 6% 29% 0% 0.18 $20,953,432.98
MEG Megado 6% -10% -25% -51% 0.09 $3,745,245.43
MEI Meteoric Resources 6% 12% -62% -73% 0.019 $28,999,650.05
SLR Silver Lake Resource 5% 10% 4% 9% 1.85 $1,633,683,284.78
CST Castile Resources 5% -3% 3% -11% 0.195 $39,942,024.20
CMM Capricorn Metals 5% 14% 100% 115% 3.52 $1,321,990,395.81
BYH Bryah Resources 5% 23% 5% -13% 0.059 $13,120,016.15
BGD Bartongoldholdings 5% 11% 11% 0% 0.21 $19,743,199.08
RVR Red River Resources 5% 14% 2% -22% 0.21 $106,285,220.04
RRL Regis Resources 5% 14% -19% -41% 2.1 $1,585,030,225.80
TTM Titan Minerals 5% 15% -8% -4% 0.11 $162,117,861.30
ADN Andromeda Metals 5% 25% 50% -18% 0.225 $608,513,126.27
MXR Maximus Resources 4% 4% 1% -44% 0.073 $24,478,725.35
GOR Gold Road Res 4% 1% 15% 25% 1.5325 $1,331,696,053.16
SKY SKY Metals 4% 25% 26% -34% 0.125 $52,749,685.80
KCN Kingsgate Consolid. 4% 20% 172% 126% 2.26 $506,823,837.37
SNG Siren Gold 4% 0% 19% -57% 0.285 $24,909,777.29
KAI Kairos Minerals 4% 12% 0% -6% 0.029 $58,862,804.73
AGS Alliance Resources 3% 0% -6% -17% 0.15 $31,202,570.10
XAM Xanadu Mines 3% 7% -14% -17% 0.03 $40,435,128.00
TRN Torrens Mining 3% -18% -30% -34% 0.155 $11,494,714.77
BCN Beacon Minerals 3% 0% -6% 1% 0.033 $122,103,009.73
TLM Talisman Mining 3% 10% -6% 77% 0.17 $34,731,806.95
KZR Kalamazoo Resources 3% 3% 1% -37% 0.375 $53,721,918.38
TSO Tesoro Resources 3% 3% -52% -72% 0.08 $47,685,061.30
SLZ Sultan Resources 3% 21% 11% -5% 0.205 $14,254,549.75
SMS Starminerals 2% 2% 0% 0% 0.21 $5,512,500.00
LYN Lycaonresources 2% 23% 0% 0% 0.43 $11,880,000.00
KLA Kirkland Lake Gold 2% 4% 7% 7% 58 $58,700,000.00
DTM Dart Mining NL 2% 12% -31% -50% 0.093 $11,577,656.49
MML Medusa Mining 2% 4% -20% -6% 0.73 $153,887,662.74
BRV Big River Gold 2% 21% -38% -29% 0.255 $55,957,825.26
ADT Adriatic Metals 2% 7% 8% 26% 2.64 $565,785,507.60
AM7 Arcadia Minerals 2% 41% 67% 0% 0.275 $10,340,227.50
RED Red 5 2% 0% 63% 15% 0.285 $695,126,392.34
OZM Ozaurum Resources 2% 14% 10% 0% 0.1425 $8,153,280.00
OBM Ora Banda Mining 2% -6% -59% -82% 0.061 $63,324,592.83
EVN Evolution Mining 2% 3% -3% -13% 4.075 $7,606,981,884.45
MOH Moho Resources 2% 7% -3% -27% 0.064 $8,049,625.73
IDA Indiana Resources 2% 3% -6% -9% 0.064 $27,836,605.44
KSN Kingston Resources 2% 5% -21% -35% 0.1625 $60,639,774.69
NCM Newcrest Mining 1% 4% -4% -7% 25.04 $20,898,831,269.05
DTR Dateline Resources 1% -8% -26% 4% 0.078 $38,100,062.69
SBM St Barbara 1% 1% -27% -40% 1.3875 $1,007,528,409.58
DCN Dacian Gold 1% 26% -25% -59% 0.2075 $227,866,183.23
AMI Aurelia Metals 1% 6% -1% 3% 0.45 $581,416,534.79
BDC Bardoc Gold 1% 1% 20% -10% 0.475 $139,547,497.44
KRM Kingsrose Mining 1% 20% 73% 126% 0.095 $74,648,651.80
AGC AGC 1% 0% -36% -52% 0.099 $6,637,273.83
AGC AGC 1% 0% -36% -52% 0.099 $6,637,273.83
BGL Bellevue Gold 1% 0% -12% -22% 0.8375 $886,919,445.66
RSG Resolute Mining 1% -8% -43% -50% 0.3525 $397,415,347.20
FFX Firefinch 0% 10% 88% 295% 0.75 $930,727,598.00
DCX Discovex Res 0% 120% 83% 10% 0.011 $28,255,304.84
TMX Terrain Minerals 0% 0% 0% -20% 0.008 $5,886,088.07
FAU First Au 0% 33% 0% -33% 0.012 $10,190,842.34
PUA Peak Minerals 0% 30% -6% -38% 0.015 $15,620,539.80
AAU Antilles Gold 0% 6% -5% -8% 0.076 $23,408,382.00
DRE Drednought Resources 0% 14% -7% 74% 0.04 $119,161,709.14
MLS Metals Australia 0% 33% 0% -20% 0.002 $10,477,114.72
WRM White Rock Min 0% -2% -51% -58% 0.235 $35,682,581.89
MCT Metalicity 0% 0% -25% -50% 0.009 $22,503,846.33
CTO Citigold Corp 0% 0% -25% -31% 0.009 $22,669,272.73
GRL Godolphin Resources 0% -3% -20% -43% 0.14 $11,775,591.94
TRY Troy Resources 0% 0% -10% -59% 0.037 $31,631,563.33
KGM Kalnorth Gold 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min 0% 0% 0% -19% 0.017 $20,867,429.74
MGV Musgrave Minerals 0% -3% -7% -13% 0.33 $177,267,073.17
NAE New Age Exploration 0% 60% 23% 14% 0.016 $24,410,281.47
EMR Emerald Res NL 0% 7% 28% 40% 1.14 $613,048,003.98
GMN Gold Mountain 0% 0% -44% -66% 0.014 $14,982,088.38
FML Focus Minerals 0% 8% 8% -28% 0.28 $53,910,826.68
GSR Greenstone Resources 0% 7% 38% 16% 0.029 $23,405,281.98
ARV Artemis Resources 0% 8% 34% -47% 0.071 $92,869,826.17
AUC Ausgold 0% 1% 18% 4% 0.047 $77,494,777.97
KWR Kingwest Resources 0% 21% 153% 17% 0.205 $51,024,335.25
NSM Northstaw 0% 0% -16% -34% 0.295 $11,837,465.00
MDI Middle Island Res 0% 49% 17% -56% 0.14 $17,750,642.19
BAT Battery Minerals 0% 18% -24% -46% 0.013 $30,517,039.42
POL Polymetals Resources 0% -16% 0% 0% 0.135 $5,582,644.90
OKU Oklo Resources 0% -12% -8% -47% 0.115 $58,017,095.09
GML Gateway Mining 0% 0% -22% -56% 0.014 $31,641,489.14
MBK Metal Bank 0% 8% -24% -51% 0.0065 $18,254,727.12
PUR Pursuit Minerals 0% -4% -53% -25% 0.027 $27,420,926.63
OAU Ora Gold 0% 20% 6% -14% 0.018 $18,666,465.81
TRM Truscott Mining Corp 0% 5% 6% 89% 0.034 $5,166,012.50
AZS Azure Minerals 0% 28% 76% -14% 0.43 $146,045,788.87
ENR Encounter Resources 0% -6% 4% 4% 0.155 $47,522,523.90
AYM Australia United Min 0% 7% 0% 0% 0.008 $14,740,619.88
SSR SSR Mining Inc. 0% -4% 13% 4% 23.78 $501,949,010.84
YRL Yandal Resources -1% 1% -27% -10% 0.3825 $44,114,790.14
RND Rand Mining -1% 0% -3% -24% 1.45 $83,038,903.06
BNZ Benzmining -1% -6% -23% -53% 0.64 $32,392,015.74
WAF West African Res -1% 6% 22% 41% 1.335 $1,378,044,690.75
HRN Horizon Gold -1% 9% 10% -5% 0.435 $46,411,026.96
ALK Alkane Resources -1% -7% -25% 4% 0.865 $530,069,243.80
S2R S2 Resources -1% 25% 57% 6% 0.2125 $78,402,468.10
STN Saturn Metals -1% 1% -15% -34% 0.395 $52,096,996.04
WMC Wiluna Mining Corp -1% 13% 17% -16% 1.145 $253,577,934.00
ARN Aldoro Resources -1% -5% -5% 62% 0.365 $34,433,856.77
HCH Hot Chili -1% 3% 0% -13% 1.745 $202,831,945.79
SFR Sandfire Resources -1% 13% 18% 43% 6.88 $3,021,566,551.41
CYL Catalyst Metals -1% -6% -4% -10% 1.8875 $188,050,430.93
TBR Tribune Res -1% -1% -1% -20% 4.75 $251,846,769.60
PRU Perseus Mining -2% -2% 1% 25% 1.53 $1,935,879,974.90
CEL Challenger Exp -2% 11% 5% 4% 0.295 $288,938,858.61
BRB Breaker Res NL -2% -10% 63% 30% 0.26 $86,347,846.19
G50 Gold50 -2% 0% 0% 0% 0.25 $14,004,500.25
TIE Tietto Minerals -2% 24% 38% 11% 0.49 $357,812,074.00
SFM Santa Fe Minerals -2% 83% 168% 150% 0.22 $16,020,133.58
LCY Legacy Iron Ore -2% -7% 34% -39% 0.0215 $147,357,002.58
MAU Magnetic Resources -2% 0% -6% 10% 1.42 $322,492,802.31
GIB Gibb River Diamonds -2% -10% 33% 3% 0.08 $16,920,755.60
BC8 Black Cat Syndicate -2% 21% 7% -14% 0.6 $87,300,842.82
AGG AngloGold Ashanti -3% 0% 4% -7% 5.51 $509,376,338.15
PRX Prodigy Gold NL -3% -13% -18% -27% 0.033 $19,809,338.60
HMG Hamelingold -3% 7% 0% 0% 0.155 $17,050,000.00
HMG Hamelingold -3% 7% 0% 0% 0.155 $17,050,000.00
TAM Tanami Gold NL -3% -5% -15% -31% 0.061 $72,856,016.85
QML Qmines -3% -6% -12% 0% 0.3 $18,624,286.91
KAL Kalgoorliegoldmining -3% 4% 0% 0% 0.145 $10,503,017.00
MTH Mithril Resources -3% -9% -28% -31% 0.0145 $36,123,262.57
TG1 Techgen Metals -3% -6% -29% 0% 0.145 $6,313,614.07
NVA Nova Minerals -4% 6% 3% -38% 1.085 $201,826,559.20
CXU Cauldron Energy -4% 4% -19% -49% 0.026 $12,773,634.38
SVY Stavely Minerals -4% 0% 25% -34% 0.5 $131,785,533.26
MM8 Medallion Metals. -4% 16% 4% 0% 0.25 $26,939,454.35
AAR Anglo Australian -4% 32% 46% -18% 0.115 $65,579,716.29
CHZ Chesser Resources -4% 5% 5% -48% 0.115 $54,036,776.61
NMR Native Mineral Res -4% 2% -4% -39% 0.225 $9,523,037.53
AQI Alicanto Min -4% -8% -35% -12% 0.11 $45,925,634.04
TAR Taruga Minerals -4% 26% -6% -4% 0.044 $24,066,820.28
BEZ Besragoldinc -4% 5% 0% 0% 0.11 $24,058,994.40
EM2 Eagle Mountain -5% 26% -21% 35% 0.63 $144,649,627.92
CBY Canterbury Resources -5% 1% -16% -30% 0.084 $10,348,676.52
MVL Marvel Gold -5% -6% 13% 13% 0.06 $36,976,766.90
PKO Peako -5% -9% -41% -39% 0.02 $6,169,082.02
HXG Hexagon Energy -5% 8% -1% -27% 0.071 $33,451,037.03
CHN Chalice Mining -6% -3% 31% 87% 8.19 $3,120,216,836.46
REZ Resourc & En Grp -6% 20% 94% 22% 0.06 $28,988,735.76
CAZ Cazaly Resources -6% 0% -14% 0% 0.044 $16,999,910.28
MKG Mako Gold -7% -2% 9% -15% 0.098 $37,077,435.39
E2M E2 Metals -7% -16% -10% -56% 0.27 $40,627,227.51
PDI Predictive Disc -7% 11% 96% 347% 0.255 $334,505,752.00
GMR Golden Rim Resources -7% -4% 4% -24% 0.125 $30,745,584.75
CDR Codrus Minerals -7% -4% -32% 0% 0.125 $5,000,000.00
ICG Inca Minerals -8% -5% -1% 11% 0.097 $48,121,164.80
VAN Vango Mining -8% -19% -30% -36% 0.048 $60,477,006.34
GNM Great Northern -8% -8% -45% -57% 0.006 $11,108,831.34
AME Alto Metals -8% -7% 1% -5% 0.092 $51,219,638.66
CPM Coopermetals -8% 70% 0% 0% 0.28 $7,970,900.00
GED Golden Deeps -8% 0% 0% -8% 0.011 $9,310,217.28
DLC Delecta -8% 10% 83% 57% 0.011 $13,253,995.76
STK Strickland Metals -8% 0% 35% 85% 0.065 $80,625,688.48
MRZ Mont Royal Resources -9% 3% 50% 38% 0.36 $21,292,622.12
MTC Metalstech -9% 7% 69% 80% 0.3 $49,999,377.00
RDN Raiden Resources -9% 0% -23% -23% 0.02 $30,257,200.69
LCL Los Cerros -9% 7% -28% 2% 0.1225 $79,761,419.38
NXM Nexus Minerals -9% -25% 305% 221% 0.385 $119,501,747.89
RDT Red Dirt Metals -9% 19% 393% 165% 0.715 $195,098,456.63
SIH Sihayo Gold -11% 14% 0% -58% 0.008 $29,483,691.30
TSC Twenty Seven Co. -11% 0% 0% -43% 0.004 $13,304,069.53
GUL Gullewa -11% -9% -15% -22% 0.07 $13,326,117.00
GTR Gti Resources -12% -4% 8% -17% 0.023 $28,219,530.70
TBA Tombola Gold -12% 5% -29% -52% 0.029 $21,771,730.50
ERM Emmerson Resources -13% 4% 97% 92% 0.14 $74,735,773.35
PGD Peregrine Gold -13% 48% 42% 0% 0.63 $20,999,246.88
RDS Redstone Resources -13% 17% 17% 8% 0.014 $10,065,986.88
OKR Okapi Resources -13% -9% 5% 41% 0.31 $38,294,794.66
VRC Volt Resources -13% -13% -33% 24% 0.0235 $69,583,206.03
KCC Kincora Copper -13% -4% -46% 0% 0.13 $10,600,822.26
LNY Laneway Res -14% 0% 20% -25% 0.006 $25,698,395.60
DDD 3D Resources -14% 0% -33% -19% 0.003 $13,581,302.32
AXE Archer Materials -14% 8% -10% 54% 1.165 $310,696,844.79
PNX PNX Metals -15% -21% -39% -21% 0.0055 $18,260,967.56
ICL Iceni Gold -18% -18% -7% 0% 0.14 $18,089,473.99
GWR GWR Group -19% 46% -54% -55% 0.175 $53,124,679.30
PNR Pantoro -19% -1% 62% 33% 0.34 $493,324,544.30
SMI Santana Minerals -20% -14% 155% 51% 0.28 $41,780,745.72
NPM Newpeak Metals -50% -33% -50% -71% 0.001 $15,299,500.07
AOP Apollo Consolidated -100% -100% -100% -100% 0 $177,888,559.90

 

ZULEIKA GOLD (ASX:ZAG)

ZAGs share price exploded this week thanks to a $3m private placement with Yandal Investments, a company owned and controlled by prominent West Australian prospector Mark Creasy.

Creasy is a well-known investor with a knack of picking winners.

His holding in mining company IGO (ASX:IGO) hit the $1 billion mark last week.

ZAG says proceeds from the private placement will be used to underpin the company’s ongoing drilling programs across multiple exploration targets at its gold-rich Kalgoorlie projects.

 

BULLETIN RESOURCES (ASX:BNR)

Another goldie dipping a leg into the lucrative lithium exploration game, BNR surged before going into trading halt to finalise an announcement in relation to an exploration update.

Either we have a leaky boat or punters have confused BNR with red hot AI stock Brainchip (ASX:BRN), which is our favourite theory.

ROX RESOURCES (ASX:RXL)

After seven months of drilling (~35,000m) RXL has increased its total resource at the ‘Younami’ project (70% RXL, 30% VMC) by a whopping 1.34Moz to 3Moz.

Discovery costs come it at an ultra-low $7/oz – an exceptional result, RXL says.

The bulk of the new gold is from the high grade ‘Deeps’ target, which now has resource of 2.195Moz grading 6.89g/t.

There are more upgrades to come, the company says, with some drilling from the last few months of 2021 still to be incorporated in the overall resource.

“We took the decision to provide an interim updated resource estimate given the very long assay turnaround times being experienced of up to 14 weeks in some cases,” RXL MD Alex Passmore says.

“Youanmi mine feasibility studies continue with early mine planning results feeding back into targeted infill drilling areas for continued conversion of inferred material into indicated categories.”

“We also continue to work on grass roots exploration activities in areas outside the immediate Youanmi mine area with the intent of making new discoveries in the region.”

Categories: Mining

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