• Gold is holding onto the bulk of its recent gains, and “the future may be looking bright”: OANDA
  • This week, 130 ASX precious metals stocks on our list finished in positive territory, the best result for many months
  • Weekly small cap standouts: Celsius Resources, Barton Gold, Alice Queen

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

 

There’s a cautiously positive vibe amongst precious metals investors, sparked by a stronger gold price in November and whispers of an even bigger upswing in 2023.

This week, 130 ASX gold stocks on our list finished in positive territory, the best result for many months.

OANDA analyst Craig Erlam says gold is holding onto the bulk of its recent gains, and “the future may be looking bright”.

“We’re seeing more risk aversion in the markets today after a strong rebound in recent weeks,” he said yesterday.

“Gold has performed well in this period, particularly in the aftermath of the Fed decision and jobs report and then after the inflation data.

“The PPI numbers further supported the view that inflation is easing and could be sustained which saw gold rally towards $1,780 where it stalled.

“It is now paring gains for a second day, off around 1%, but still holding onto the bulk of the gains of recent weeks.”

If the data continues to improve on the inflation side, we could see gold build on recent gains as the dollar eases and yields are pared back, Erlam says.

“That’s a big “if” after what we’ve seen this year but the data we’ve seen in recent weeks has been very promising.”

Gold price over the past 12 months. Via Goldprice.org

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 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
CLA Celsius Resources 78% 23% -20% -38% 0.016 $24,045,265
LYN Lycaon resources 71% 93% 33% -6% 0.53 $17,446,938
PRS Prospech 66% 71% -6% -36% 0.048 $3,128,688
AQX Alice Queen 50% 0% -40% -67% 0.003 $6,600,750
GMN Gold Mountain 30% 117% 117% -35% 0.013 $19,280,939
TCG Turaco Gold 29% 23% -36% -57% 0.058 $24,807,567
SVY Stavely Minerals 29% 16% -50% -64% 0.18 $58,131,838
ENR Encounter Resources 27% 83% 50% 31% 0.21 $74,135,414
NWM Norwest Minerals 25% 129% 49% -12% 0.064 $14,214,873
THR Thor Mining PLC 25% 25% -23% -33% 0.01 $11,028,835
BGD Bartongoldholdings 24% 41% 3% -2% 0.205 $17,650,341
WRM White Rock Min 24% 11% -29% -71% 0.089 $17,882,133
AUT Auteco Minerals 22% 38% 0% -29% 0.055 $113,730,997
ANX Anax Metals 21% 11% -23% -31% 0.068 $27,634,848
IPT Impact Minerals 21% 21% -15% -42% 0.0085 $21,091,650
PKO Peako 21% 6% -11% -29% 0.017 $6,446,660
G50 Gold50 21% 67% 0% -26% 0.2 $11,388,600
FAU First Au 20% 20% -50% -45% 0.006 $5,711,960
KZR Kalamazoo Resources 20% 32% -25% -36% 0.245 $36,460,747
PDI Predictive Disc 19% 23% 10% -12% 0.215 $370,161,532
MLS Metals Australia 19% 2% -52% -27% 0.044 $26,709,592
TTM Titan Minerals 18% 16% 39% 0% 0.1 $141,127,319
S2R S2 Resources 17% 21% 10% -19% 0.17 $60,634,725
DCX Discovex Res 17% 17% -48% -33% 0.0035 $11,558,988
AVW Avira Resources 17% 0% -13% -42% 0.0035 $7,468,265
NES Nelson Resources 17% -10% -50% -76% 0.007 $2,060,080
GIB Gibb River Diamonds 16% 5% -5% -32% 0.058 $12,267,548
KSN Kingston Resources 15% 38% -28% -56% 0.105 $43,406,646
AMI Aurelia Metals 15% -4% -68% -71% 0.115 $142,305,280
BC8 Black Cat Syndicate 14% 14% -20% -42% 0.36 $77,127,903
VKA Viking Mines 14% 0% -11% -62% 0.008 $8,202,067
FG1 Flynngold 14% 14% -20% -35% 0.12 $7,687,326
AXE Archer Materials 14% -10% 1% -54% 0.695 $173,032,209
SFR Sandfire Resources 14% 31% -7% -21% 4.79 $1,964,769,902
AZS Azure Minerals 14% 29% 16% -25% 0.29 $90,113,359
CST Castile Resources 13% 41% -35% -41% 0.13 $31,447,316
BYH Bryah Resources 13% 13% -45% -54% 0.026 $7,312,590
MAT Matsa Resources 13% 29% -23% -24% 0.044 $18,121,603
ADG Adelong Gold 13% -10% -70% -78% 0.009 $3,988,682
ARN Aldoro Resources 12% 53% 56% -25% 0.375 $42,182,744
TBR Tribune Res 12% 4% -18% -32% 3.42 $179,440,823
LCL Los Cerros 12% 26% -56% -80% 0.029 $18,868,817
ADN Andromeda Metals 11% 20% -51% -71% 0.049 $152,390,413
PNX PNX Metals 11% 25% 0% -20% 0.005 $22,220,289
SKY SKY Metals 11% 4% -40% -41% 0.05 $18,839,174
CPM Coopermetals 10% 10% -23% 0% 0.32 $13,126,400
OBM Ora Banda Mining 10% 12% 161% 23% 0.086 $118,297,501
PGD Peregrine Gold 10% -17% -8% 21% 0.485 $18,794,666
CAZ Cazaly Resources 10% 6% -11% -27% 0.033 $12,237,119
CXU Cauldron Energy 10% 0% -21% -63% 0.011 $5,889,524
ARV Artemis Resources 10% -19% -11% -61% 0.034 $47,308,225
HRZ Horizon 10% 13% -34% -49% 0.069 $42,976,389
STN Saturn Metals 10% -4% -39% -56% 0.23 $29,876,811
KWR Kingwest Resources 9% 6% -77% -77% 0.035 $9,860,439
AGC AGC 9% 1% -21% -33% 0.07 $4,740,910
TAR Taruga Minerals 9% 16% 71% -22% 0.036 $25,127,678
PRX Prodigy Gold NL 9% 20% -29% -63% 0.012 $20,974,594
DTM Dart Mining NL 9% -16% 20% -31% 0.072 $11,178,732
AVM Advance Metals 9% -14% 0% -33% 0.012 $5,784,529
SBM St Barbara 9% -9% -47% -61% 0.61 $497,785,403
GOR Gold Road Res 8% 36% 29% 2% 1.665 $1,791,427,276
GML Gateway Mining 8% -24% -41% -59% 0.065 $14,690,712
CLZ Classic Min 8% -24% -91% -91% 0.013 $9,572,983
TMX Terrain Minerals 8% 8% -28% -19% 0.0065 $4,944,947
BEZ Besragoldinc 8% -11% 0% -71% 0.04 $10,084,549
HAV Havilah Resources 8% 8% 10% 72% 0.335 $106,074,135
MEK Meeka Metals 8% 11% 58% 24% 0.068 $72,597,407
CDR Codrus Minerals 7% 6% -22% -56% 0.073 $2,920,000
POL Polymetals Resources 7% 16% 110% 52% 0.22 $9,060,192
MEI Meteoric Resources 7% 25% 15% -17% 0.015 $22,894,461
GSM Golden State Mining 7% 21% -26% -54% 0.046 $5,382,653
GWR GWR Group 7% -3% -50% -46% 0.062 $19,915,433
AAR Astral Resources NL 7% -9% -23% -29% 0.063 $41,920,829
BMR Ballymore Resources 6% -15% -23% -21% 0.17 $15,480,936
RSG Resolute Mining 6% 9% -26% -49% 0.195 $332,271,446
AME Alto Metals 6% -4% -17% -36% 0.07 $39,948,395
EMR Emerald Res NL 6% 2% 3% 12% 1.155 $685,493,635
BGL Bellevue Gold 6% 31% 9% -6% 0.9 $942,774,619
ADV Ardiden 6% 20% -25% -25% 0.009 $24,015,018
SNG Siren Gold 6% -10% -50% -52% 0.18 $21,046,586
PRU Perseus Mining 6% 40% 24% 21% 2.17 $2,966,188,455
SMS Starminerals 6% -23% -65% -58% 0.073 $2,159,340
NAG Nagambie Resources 6% -6% 64% -5% 0.074 $39,121,686
TSO Tesoro Gold 6% -8% -43% -55% 0.037 $32,263,289
NVA Nova Minerals 6% 19% 35% -44% 0.835 $153,357,165
NXM Nexus Minerals 6% 9% -41% -63% 0.19 $61,836,129
GMD Genesis Minerals 5% 20% -6% -16% 1.275 $518,183,735
EVN Evolution Mining 5% 35% -25% -36% 2.56 $4,697,380,186
TAM Tanami Gold NL 5% 0% -27% -44% 0.04 $47,003,882
PNM Pacific Nickel Mines 5% -7% -2% -30% 0.0735 $26,337,213
ERM Emmerson Resources 5% 9% -9% 9% 0.086 $46,845,042
MRR Minrex Resources 5% -15% -21% 91% 0.044 $47,675,835
CDT Castle Minerals 5% -8% -45% -19% 0.022 $21,988,846
BBX BBX Minerals 5% 11% -31% -58% 0.068 $33,097,060
MZZ Matador Mining 5% 24% -48% -70% 0.115 $34,623,063
G88 Golden Mile Res 5% -12% -60% -54% 0.023 $4,705,564
QML Qmines 4% 57% 2% -38% 0.235 $21,199,123
MXR Maximus Resources 4% 4% -35% -35% 0.047 $14,988,571
MOH Moho Resources 4% -4% -35% -59% 0.024 $4,983,893
SRN Surefire Rescs NL 4% -4% -64% 4% 0.0125 $19,767,043
MVL Marvel Gold 4% 4% -38% -67% 0.025 $17,612,359
ARL Ardea Resources 4% 9% -8% 117% 1.01 $171,435,150
MAU Magnetic Resources 4% -11% -44% -49% 0.8 $182,874,669
CYL Catalyst Metals 4% 5% -16% -36% 1.35 $132,915,800
IVR Investigator Res 4% 4% 8% -28% 0.054 $72,098,837
AQI Alicanto Min 4% 57% -32% -62% 0.055 $24,459,249
E2M E2 Metals 4% 8% -22% -43% 0.14 $27,878,525
TLM Talisman Mining 4% 4% -7% -10% 0.14 $26,283,530
CMM Capricorn Metals 4% 36% 21% 44% 4.25 $1,589,182,036
HAW Hawthorn Resources 3% -1% -19% -11% 0.089 $29,682,890
ICG Inca Minerals 3% -16% -64% -76% 0.031 $14,943,948
KAU Kaiser Reef 3% 6% -3% -17% 0.175 $22,760,003
CHN Chalice Mining 3% 26% -18% -51% 4.65 $1,749,781,952
DTR Dateline Resources 3% -4% -31% -17% 0.072 $40,469,783
MM8 Medallion Metals. 3% 9% -24% -13% 0.18 $25,191,911
EM2 Eagle Mountain 3% 0% -51% -71% 0.185 $49,629,037
TGM Theta Gold Mines 3% 19% -34% -61% 0.076 $46,423,663
KNB Koonenberrygold 3% 0% -23% -46% 0.076 $5,757,490
X64 Ten Sixty Four 3% 2% -21% -30% 0.58 $132,468,115
ZNC Zenith Minerals 3% -6% -18% 28% 0.295 $101,926,122
KCN Kingsgate Consolid. 2% 32% 30% 34% 1.875 $414,975,849
STK Strickland Metals 2% 5% -41% -36% 0.043 $61,786,786
FAL Falconmetals 2% 13% -20% 0% 0.22 $38,940,000
CWX Carawine Resources 2% 1% -37% -56% 0.088 $12,129,423
MEU Marmota 2% 2% -16% 2% 0.046 $48,704,826
BRB Breaker Res NL 2% 23% 29% -25% 0.29 $94,493,869
NST Northern Star 2% 31% 17% -3% 10.06 $11,662,529,510
RRL Regis Resources 1% 19% -3% -14% 1.815 $1,370,372,054
CHZ Chesser Resources 1% 4% -20% -48% 0.076 $44,697,356
ADT Adriatic Metals 1% 33% 28% 4% 2.95 $630,133,254
NCM Newcrest Mining 0% 14% -23% -22% 19.25 $17,203,894,824
SLR Silver Lake Resource 0% 7% -17% -33% 1.225 $1,138,936,808
WAF West African Res 0% 16% -7% -19% 1.13 $1,154,162,275
FFX Firefinch 0% 0% -37% -13% 0.2 $236,248,644
CEL Challenger Exp 0% 3% -36% -49% 0.175 $182,859,469
LCY Legacy Iron Ore 0% -5% -18% -42% 0.018 $115,322,872
BCN Beacon Minerals 0% 8% -21% -19% 0.026 $97,675,972
LM8 Lunnonmetals 0% 10% -15% 122% 0.81 $88,999,663
GCY Gascoyne Res 0% -25% -15% -48% 0.195 $83,082,880
KIN KIN Min NL 0% 5% 1% -28% 0.079 $82,833,200
WMC Wiluna Mining Corp 0% 0% -58% -79% 0.205 $74,238,031
TRY Troy Resources 0% 0% 0% 0% 0.0295 $62,920,961
XTC Xantippe Res 0% -22% -30% 40% 0.007 $57,016,609
VAN Vango Mining 0% 8% -9% -35% 0.039 $49,137,568
KRM Kingsrose Mining 0% 11% -3% -24% 0.059 $44,399,065
HRN Horizon Gold 0% -2% -4% -10% 0.325 $40,684,033
RVR Red River Resources 0% -11% -62% -65% 0.073 $37,847,908
TBA Tombola Gold 0% -7% -56% -26% 0.026 $31,840,727
PF1 Pathfinder Resources 0% 0% 0% 75% 0.5 $28,984,082
OKR Okapi Resources 0% -13% -19% -59% 0.195 $28,731,007
GSR Greenstone Resources 0% -7% -38% -7% 0.025 $26,864,474
AWV Anova Metals 0% 23% 23% -24% 0.016 $25,569,507
ANL Amani Gold 0% 0% -33% -60% 0.001 $23,693,441
GTR Gti Energy 0% -7% -13% -53% 0.014 $21,076,770
CGN Crater Gold Min 0% 0% 0% 0% 0.017 $21,063,474
YRL Yandal Resources 0% -24% -43% -75% 0.11 $17,358,064
TMZ Thomson Res 0% 6% -39% -73% 0.019 $15,320,971
MTH Mithril Resources 0% 0% -29% -74% 0.005 $14,701,165
MCT Metalicity 0% -20% -27% -62% 0.004 $13,968,157
BTR Brightstar Resources 0% 0% -17% -64% 0.019 $13,689,454
RDN Raiden Resources 0% 0% -38% -68% 0.008 $13,059,537
NMR Native Mineral Res 0% 75% 14% -6% 0.21 $12,736,468
SIH Sihayo Gold 0% -20% -33% -75% 0.002 $12,204,256
PUR Pursuit Minerals 0% 0% -37% -68% 0.012 $11,978,150
BAT Battery Minerals 0% -20% -50% -71% 0.004 $11,700,969
SBR Sabre Resources 0% -33% -20% -27% 0.004 $11,659,424
GUL Gullewa 0% -9% -18% -20% 0.061 $11,645,089
NAE New Age Exploration 0% 0% -33% -27% 0.008 $11,487,191
TSC Twenty Seven Co. 0% 0% -29% -43% 0.002 $10,643,256
SI6 SI6 Metals 0% 17% -22% -36% 0.007 $10,467,762
MHC Manhattan Corp 0% -14% -50% -40% 0.006 $9,157,672
NPM Newpeak Metals 0% 0% 0% -33% 0.001 $9,040,417
RMX Red Mount Min 0% 0% -38% -55% 0.005 $8,211,819
MBK Metal Bank 0% 0% -50% -65% 0.003 $7,845,743
KAL Kalgoorliegoldmining 0% -5% -13% -43% 0.1 $7,743,460
ICL Iceni Gold 0% -33% -52% -76% 0.058 $7,435,393
AYM Australia United Min 0% 0% -43% -60% 0.004 $7,370,310
GNM Great Northern 0% 0% -20% -43% 0.004 $6,836,204
MOM Moab Minerals 0% -17% -64% -75% 0.01 $6,819,635
SFM Santa Fe Minerals 0% 2% -17% -2% 0.087 $6,335,235
PUA Peak Minerals 0% -14% -54% -60% 0.006 $6,248,225
SAU Southern Gold 0% -16% -37% -58% 0.027 $5,759,876
BMO Bastion Minerals 0% -14% -65% -78% 0.06 $5,694,996
DEX Duke Exploration 0% 0% -54% -77% 0.053 $5,587,240
TG1 Techgen Metals 0% -31% -31% -57% 0.1 $5,474,896
TRM Truscott Mining Corp 0% -6% -33% -11% 0.034 $5,367,598
OZM Ozaurum Resources 0% -7% -68% -52% 0.07 $4,880,120
AL8 Alderan Resource 0% -20% -56% -78% 0.008 $4,626,129
EMU EMU NL 0% 0% -60% -76% 0.006 $4,123,609
AGG AngloGold Ashanti 0% 28% -3% -11% 5.08 $453,175,446
HCH Hot Chili -1% -11% -25% -59% 0.905 $108,097,911
SSR SSR Mining Inc. -1% -1% -24% -19% 21.45 $387,985,026
SMI Santana Minerals -1% -8% -36% 120% 0.595 $88,522,671
PGO Pacgold -1% -4% -25% -3% 0.455 $25,007,626
GRL Godolphin Resources -1% -6% -28% -41% 0.083 $9,824,664
DEG De Grey Mining -1% 28% 18% 1% 1.23 $1,918,236,557
CAI Calidus Resources -1% 11% -56% -38% 0.39 $170,734,865
TUL Tulla Resources -1% -14% -32% -35% 0.385 $77,228,203
KAI Kairos Minerals -2% 5% 5% -5% 0.0295 $57,940,758
KTA Krakatoa Resources -2% -2% -28% -2% 0.059 $20,337,885
MEG Megado Minerals -2% -31% -56% -42% 0.055 $7,562,500
SLZ Sultan Resources -2% -4% -32% -44% 0.095 $7,912,017
MGV Musgrave Minerals -2% 7% -13% -37% 0.235 $127,046,393
AUC Ausgold -2% 12% -13% -4% 0.047 $95,385,303
NML Navarre Minerals -2% 0% -43% -42% 0.047 $67,580,320
GBR Greatbould Resources -2% 1% -2% -28% 0.093 $39,327,112
MKG Mako Gold -2% -2% -47% -60% 0.042 $19,706,918
MTC Metalstech -2% 0% 22% 39% 0.41 $69,343,132
IGO IGO -2% 5% 45% 61% 15.86 $12,010,267,514
CBY Canterbury Resources -3% -11% -35% -65% 0.039 $5,226,918
RED Red 5 -3% 10% -51% -40% 0.17 $471,264,029
ASO Aston Minerals -3% -13% -53% -41% 0.068 $75,720,104
RMS Ramelius Resources -3% 38% -33% -53% 0.83 $724,005,921
HMX Hammer Metals -3% 14% -8% 32% 0.066 $54,123,911
DRE Dreadnought Resources -3% -4% 159% 109% 0.096 $295,076,309
M2R Miramar -3% -4% -27% -51% 0.095 $6,714,766
MKR Manuka Resources. -3% 15% -31% -61% 0.155 $71,758,595
IDA Indiana Resources -3% 8% -7% -15% 0.056 $27,373,070
PNR Pantoro -4% -27% -49% -61% 0.135 $220,624,138
LEX Lefroy Exploration -4% -8% -10% -25% 0.27 $39,386,160
ALK Alkane Resources -4% 0% -32% -31% 0.63 $377,239,333
NSM Northstaw -4% -31% -59% -71% 0.096 $11,532,192
MI6 Minerals260 -4% -1% -19% -50% 0.335 $73,700,000
RND Rand Mining -5% 0% -5% -6% 1.425 $81,048,244
ZAG Zuleika Gold -5% 18% -38% 0% 0.02 $10,431,013
GAL Galileo Mining -5% -11% 33% 304% 1.05 $207,278,673
SVL Silver Mines -5% 6% -5% -18% 0.185 $238,988,946
AAU Antilles Gold -5% -23% -41% -50% 0.037 $15,384,018
WGX Westgold Resources. -5% 4% -39% -63% 0.81 $383,634,411
VRC Volt Resources -5% -38% -10% -31% 0.018 $60,909,630
RML Resolution Minerals -5% -25% -36% -53% 0.009 $9,537,716
AWJ Auric Mining -5% -9% -13% -42% 0.07 $5,353,849
WWI West Wits Mining -6% -6% -35% -46% 0.017 $34,765,640
WCN White Cliff Min -6% -6% -11% 31% 0.017 $12,709,257
GMR Golden Rim Resources -6% -15% -48% -66% 0.034 $10,673,055
TIE Tietto Minerals -6% 14% 78% 70% 0.755 $815,043,255
GBZ GBM Rsources -6% 26% -49% -61% 0.049 $27,474,980
BNZ Benzmining -6% -4% -20% -28% 0.48 $33,470,516
GSN Great Southern -6% 12% 18% -31% 0.047 $27,275,435
HXG Hexagon Energy -6% 0% -46% -86% 0.015 $7,693,739
SPQ Superior Resources -7% 12% 60% 180% 0.056 $95,268,343
VMC Venus Metals Cor -7% 0% -24% -24% 0.14 $24,931,016
DCN Dacian Gold -7% -4% -27% -41% 0.135 $164,268,127
KCC Kincora Copper -7% 2% -21% -58% 0.063 $4,694,305
MRZ Mont Royal Resources -8% -5% -43% -50% 0.185 $12,401,651
PNT Panthermetals -8% 3% -18% 0% 0.185 $5,642,500
AAJ Aruma Resources -8% 6% -8% -13% 0.071 $11,144,267
HMG Hamelingold -8% 21% 25% 0% 0.175 $19,250,000
A8G Australasian Metals -8% -16% -37% -65% 0.23 $9,469,214
RXL Rox Resources -8% -28% -51% -57% 0.165 $31,216,154
RXL Rox Resources -8% -28% -51% -57% 0.165 $31,216,154
M24 Mamba Exploration -8% -8% -15% -48% 0.11 $4,639,250
RDS Redstone Resources -8% -31% -39% -66% 0.0055 $4,052,578
MDI Middle Island Res -9% 2% -54% -32% 0.064 $7,834,766
GED Golden Deeps -9% -17% -38% -17% 0.01 $11,552,267
FEG Far East Gold -9% -11% 49% 0% 0.58 $70,781,582
XAM Xanadu Mines -10% -10% 4% 4% 0.027 $38,131,026
RDT Red Dirt Metals -11% 3% 23% -18% 0.56 $186,328,327
BNR Bulletin Res -11% -4% -29% 60% 0.12 $35,110,932
REZ Resourc & En Grp -11% -24% -60% -71% 0.016 $7,996,893
CTO Citigold Corp -13% 17% 0% -30% 0.007 $19,835,614
A1G African Gold . -13% 34% -35% -52% 0.083 $9,911,057
SVG Savannah Goldfields -15% -2% 0% 4% 0.2 $34,519,688
CY5 Cygnus Gold -15% 2% 248% 147% 0.47 $72,109,898
LRL Labyrinth Resources -16% -16% -43% -64% 0.016 $13,973,868
RGL Riversgold -16% -18% -10% 86% 0.037 $28,723,139
AM7 Arcadia Minerals -17% -16% 7% 4% 0.24 $11,207,494
ASR Asra Minerals -17% -17% -44% -24% 0.019 $27,820,969
FML Focus Minerals -26% 36% -11% -39% 0.17 $48,714,970
OAU Ora Gold -29% -38% -62% -71% 0.005 $4,921,156
ALY Alchemy Resource -41% 16% 32% 142% 0.029 $34,019,211
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Weekly ASX Small Cap Gold Standouts

CELSIUS RESOURCES (ASX:CLA)

One of analyst Warwick Gregor’s stocks to watch.

This week the advanced porphyry hunter obtained an all-important social license to operate at the flagship MCB copper-gold project in the Philippines.

‘Social license to operate’ means CLA ostensibly has the support of employees, local stakeholders, and the communities in which it operates.

The deal inked with the Balatoc Indigenous Cultural Community (ICC) gave their consent to allow development and operations at MCB for 25 years, renewable for another 25 years.

It’s a mandatory step if CLA is going to get a mining permit from the government.

A scoping study on the 1.5Mt copper, 1.47Moz gold project released December 2021 envisaged a 2.28Mtpa operation over an initial 25 years with a post tax NPV of US$464m and IRR of 31%.

This assumes a copper price of US$4.00/lb and gold price of US$1,695/oz. It would cost US$253m to build.

CLA also owns the 1.2Mt copper, 1Moz gold Sagay project in Philippines and the 225.5Mt Opuwo project in Namibia, “one of the largest undeveloped cobalt projects outside the DRC”.

 

ALICE QUEEN (ASX:AQX)

The small explorer has kicked off exploration at the new (but old) Viani project in Fiji, where it believes a large epithermal gold system may be lurking.

A limited historical 6-hole drill program returned encouraging gold assay intercepts across a 700m trend, including 2.2m 11.3g/t from 121.45m.

Preliminary field reconnaissance work recently completed by AQX also identified outcropping hydrothermal alteration & epithermal style veins, with chip sampling returning up to 4.6g/t gold.

A new field program including surface sampling is now underway.

“We are very pleased to properly introduce Viani to our shareholders as one of our key exploration assets after the many years of effort undertaken by the Company to review and secure the project,” managing director Andrew Buxton says.

“We believe that Viani may host a major epithermal system that has been overlooked by previous explorers and we are excited to be commencing exploration on site and look forward to reporting regularly on our activities on the ground.”

 

BARTON GOLD (ASX:BGD)

This hard-drilling 1.1Moz South Australian gold explorer has been at the Zurich Precious Metals Summit to spruik its advanced Tarcoola and Tunkillia projects.

Whatever it’s saying is going down well with investors, with the stock gaining ~20% in early trade Wednesday.

It has rebounded nicely alongside the gold price over the past month with a ~40% gain.

Its Tarcoola project is a brownfields site within trucking distance of BDG’s mothballed processing plant (yes, it already has a plant), while the Tunkillia project sits on a host structure extending 7km north and 7km south of the existing resource.

Over 15,000m of drilling was expected over the second half of the year to grow the Tarcoola and Tunkillia project footprints, making new regional discoveries, and building on the current ~1.1Moz resource.

BGD has targets all over the joint and a resource update is planned for March 2023.

The $30m capped stock is very cashed up for its size with ~$11m in the bank.