The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects.

Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous development attempts.

Kyuchus was recently sold for the bargain price of $145m to miner Seligdar PJSC by the Russian Ministry of Natural Resources with one main caveat — development must include the building of a nuclear power station.

The field is in an area without existing infrastructure – including electricity — and so a small-scale nuclear power station would also provide energy to the surrounding territories.

The power plant is to have a production capacity of at least 35MW and be ready for operations by 2028.

“The Kyuchus deposit is a rather complex technical object, but very significant for Yakutia. I am sure that with our partners we will be able to find a technical solution, build the enterprise that will become one of the brands of the Republic,” said Konstantin Beirit, President of Seligdar PJSC.

It will not be the only Russian mine to be fuelled by ‘green’ nuclear energy.

Nuclear power company Rosatom intends to build five floating plants like the one pictured above to serve several mining projects on the east Arctic coast.

Globally, nuclear power could be an attractive choice as the global mining sector looks to reduce its emissions.

Earlier this year, a Republican lawmaker floated the idea of using small, new generation nuclear power plants to fuel several of Minnesota’s iron ore mines.

“We know we’re moving away from coal,” Sen. Jason Rarick told the News Tribune.

“If we want to move away from natural gas, too, right now nuclear seems to be the one option that’s carbon-free and still consistent and reliable.”

 

Gold price steady at $US1,800/oz

Gold is up almost 2% for the week – from ~$US1,760/oz to $US1795/oz – to its highest point since mid-September.

The price continues to bounce between the same narrow $US1,750-$US1,850 range it has been caught in since mid-June.

In Aussie dollar terms the price has been even more consistent, averaging in the low-to-mid $2,400s an ounce since mid-May.

USD (DARK) AND AUD (LIGHT) GOLD PRICES OVER THE PAST 12 MONTHS.  Sources: FastMarkets, ICE Benchmark Administration, Thomson Reuters, World Gold Council

 

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

>>> 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
NVA Nova Minerals 59 21 13 84 0.175 $ 322,206,760.26
NPM Newpeak Metals 50 -25 -50 -50 0.0015 $ 6,827,435.15
STK Strickland Metals 44 133 279 12 0.091 $ 97,184,872.18
BTR Brightstar Resources 41 61 32 61 0.045 $ 23,174,292.02
RVR Red River Resources 33 26 -6 22 0.22 $ 111,469,864.92
AQI Alicanto Min 33 22 27 -26 0.14 $ 44,397,107.24
A8G Australasian Gold 33 137 0.58 $ 17,983,993.44
GBZ GBM Rsources 32 32 26 -3 0.145 $ 68,419,256.45
SVY Stavely Minerals 32 8 -23 -20 0.48 $ 129,175,918.74
ARV Artemis Resources 31 20 22 -27 0.11 $ 121,734,772.15
ADN Andromeda Metals 30 22 -30 34 0.195 $ 443,079,368.28
BDC Bardoc Gold 29 2 -9 -18 0.0645 $ 105,850,699.94
ICG Inca Minerals 27 4 22 155 0.14 $ 64,927,563.80
WAF West African Res 26 40 38 31 1.44 $ 1,237,462,958.20
PNM Pacific Nickel Mines 25 36 50 58 0.09 $ 17,406,497.92
XTC Xantippe Res 25 25 0 -17 0.0025 $ 14,701,496.36
NXM Nexus Minerals 25 28 428 239 0.475 $ 110,768,251.95
GBR Greatbould Resources 24 28 454 194 0.205 $ 69,660,982.76
GIB Gibb River Diamonds 23 36 20 -31 0.09 $ 19,035,850.05
GTR Gti Resources 23 1 44 50 0.032 $ 27,258,916.01
GWR GWR Group 22 -6 -43 -12 0.165 $ 48,445,830.88
ICL Iceni Gold 22 36 5 0.305 $ 34,137,298.01
CHZ Chesser Resources 21 4 7 -48 0.145 $ 67,496,938.13
WRM White Rock Min 20 3 -46 -41 0.325 $ 43,452,060.46
KCC Kincora Copper 19 -18 -33 0.155 $ 10,436,583.08
AZL Arizona Lithium 19 28 22 285 0.05 $ 84,293,788.31
MGV Musgrave Minerals 19 31 3 -35 0.38 $ 194,626,376.39
TNR Torian Resources 19 7 -29 33 0.032 $ 27,810,072.72
AUC Ausgold Limited 18 13 -8 -13 0.045 $ 68,170,030.26
SPQ Superior Resources 18 0 13 30 0.013 $ 19,537,088.68
DLC Delecta Limited 18 8 86 117 0.013 $ 15,509,438.17
CHN Chalice Mining 18 -8 7 116 6.885 $ 2,361,156,424.20
NML Navarre Minerals 18 14 -29 -53 0.1 $ 64,911,410.04
GML Gateway Mining 18 33 -33 -5 0.02 $ 36,169,076.40
AMI Aurelia Metals 17 7 -14 -24 0.37 $ 419,837,735.12
AGS Alliance Resources 17 13 3 -25 0.17 $ 35,362,912.78
SNG Siren Gold 17 19 -28 -25 0.315 $ 22,793,825.57
TIE Tietto Minerals 16 39 48 -14 0.46 $ 219,063,091.60
TCG Turaco Gold Limited 16 21 142 81 0.145 $ 50,501,001.90
AQX Alice Queen 16 10 -42 -67 0.011 $ 13,702,230.10
TG1 Techgen Metals 16 22 -20 0.22 $ 8,476,332.70
HCH Hot Chili 16 5 -2 19 0.044 $ 183,580,846.01
XAM Xanadu Mines 15 3 -57 -30 0.03 $ 35,253,057.00
KZR Kalamazoo Resources 15 4 -13 -41 0.375 $ 50,378,037.75
SRN Surefire Rescs NL 15 0 -38 -38 0.015 $ 16,564,656.14
CMM Capricorn Metals 15 12 51 44 2.68 $ 983,375,506.11
REZ Resourc & En Grp 15 15 15 57 0.047 $ 20,288,997.08
MKG Mako Gold 15 24 20 0 0.11 $ 42,046,576.22
PRU Perseus Mining 14 14 35 23 1.71 $ 2,079,713,421.15
NMR Native Mineral Res 14 7 -20 0.24 $ 7,491,510.00
NSM Northstaw 14 3 -21 -27 0.32 $ 12,439,370.00
GED Golden Deeps 14 9 9 -20 0.012 $ 9,310,217.28
LCY Legacy Iron Ore 14 7 -38 167 0.016 $ 96,071,077.76
MKR Manuka Resources. 14 19 -14 -26 0.375 $ 36,536,782.68
PUA Peak Minerals 13 0 -35 -51 0.017 $ 12,115,945.08
IVR Investigator Res 13 -3 -18 26 0.068 $ 86,056,529.46
OKR Okapi Resources 13 -22 200 184 0.54 $ 56,202,699.30
CLA Celsius Resource 13 -10 -27 -21 0.027 $ 28,275,158.19
BAR Barra Resources 13 -4 42 -7 0.027 $ 20,569,575.34
BGD Bartongoldholdings 13 -3 0.18 $ 15,451,199.28
SMI Santana Minerals 13 114 80 7 0.225 $ 24,517,016.74
RXL Rox Resources 12 -1 -26 -56 0.41 $ 65,407,159.81
A1G African Gold . 12 -9 -3 66 0.23 $ 19,405,647.24
WGX Westgold Resources. 12 13 -13 -26 1.985 $ 831,296,709.04
ASO Aston Minerals 12 -7 8 241 0.14 $ 124,045,665.77
GSN Great Southern 12 49 31 -18 0.076 $ 38,430,191.92
HMX Hammer Metals 12 -16 -33 56 0.067 $ 53,690,645.12
BC8 Black Cat Syndicate 12 6 -23 -29 0.575 $ 79,556,413.22
SIH Sihayo Gold Limited 11 0 -23 -57 0.01 $ 36,854,614.13
BNR Bulletin Res 11 -16 1 2 0.07 $ 16,707,684.93
AYM Australia United Min 11 -17 0 -47 0.01 $ 18,425,774.85
MBK Metal Bank 11 0 -17 -9 0.01 $ 11,890,683.04
G50 Gold50Limited 11 -4 0.23 $ 11,573,140.23
AGG AngloGold Ashanti 11 17 -11 -35 5.06 $ 450,499,213.25
KNB Koonenberrygold 11 0.155 $ 11,399,997.04
OZM Ozaurum Resources 11 0 -16 0.155 $ 8,868,480.00
ARL Ardea Resources 10 -4 -8 -7 0.48 $ 67,636,767.31
SLR Silver Lake Resource 10 20 -10 -31 1.665 $ 1,478,493,600.03
ALY Alchemy Resource 10 2 -11 -35 0.014 $ 8,546,903.26
TSC Twenty Seven Co. 10 38 10 -31 0.0055 $ 15,964,883.43
SVL Silver Mines Limited 10 7 0 2 0.22 $ 277,626,783.91
AME Alto Metals Limited 10 28 9 -13 0.1 $ 43,675,194.39
RMS Ramelius Resources 10 10 -6 -27 1.625 $ 1,324,504,907.38
ENR Encounter Resources 10 -24 41 -25 0.225 $ 69,576,435.06
AZS Azure Minerals 10 -1 -3 -14 0.34 $ 105,310,145.14
PGD Peregrine Gold 10 3 51 0.4 $ 13,439,518.00
TMZ Thomson Res 10 -12 -20 37 0.092 $ 40,128,531.28
HXG Hexagon Energy 9 1 -10 91 0.082 $ 36,127,119.99
ADV Ardiden 9 -14 -25 -63 0.012 $ 25,840,024.27
LEX Lefroy Exploration 9 -5 -69 62 0.42 $ 48,690,990.14
HRZ Horizon 9 14 9 14 0.125 $ 70,996,900.00
RRL Regis Resources 8 9 -24 -53 2.31 $ 1,735,986,428.40
DCN Dacian Gold 8 1 -38 -40 0.2275 $ 212,834,600.88
AOP Apollo Consolidated 8 18 40 34 0.455 $ 132,687,368.45
AM7 Arcadia Minerals 8 -23 0.2 $ 6,840,000.00
AUT Auteco Minerals 8 -2 -19 -44 0.081 $ 136,708,672.75
RDN Raiden Resources 8 0 0 -25 0.027 $ 33,713,320.39
CAI Calidus Resources 8 11 48 -5 0.615 $ 249,955,216.88
FFX Firefinch 8 -7 130 244 0.62 $ 597,296,394.69
ERM Emmerson Resources 8 0 -7 -21 0.069 $ 34,378,455.74
BMO Bastion Minerals 8 4 47 0.28 $ 19,167,192.80
RML Resolution Minerals 8 -2 -17 -48 0.0215 $ 11,174,054.58
HAW Hawthorn Resources 7 14 0 -47 0.058 $ 18,009,843.10
MTH Mithril Resources 7 -6 -17 -52 0.015 $ 38,553,495.62
EVN Evolution Mining 7 -1 -16 -36 3.91 $ 7,148,463,051.60
CAZ Cazaly Resources 7 0 12 -4 0.046 $ 16,999,910.28
VRC Volt Resources 7 -6 107 138 0.031 $ 82,081,091.81
BNZ Benzmining 7 -10 -8 0.705 $ 35,957,043.09
ZNC Zenith Minerals 7 -6 81 104 0.235 $ 77,546,100.72
NCM Newcrest Mining 7 1 -9 -21 24.79 $ 20,228,105,568.83
CXU Cauldron Energy 7 -22 -22 -9 0.032 $ 15,721,396.16
G88 Golden Mile Res 7 -9 -47 -35 0.048 $ 8,208,879.74
CDT Castle Minerals 7 14 60 14 0.016 $ 13,749,514.42
CWX Carawine Resources 7 1 -25 -24 0.2025 $ 21,777,980.40
NST Northern Star 7 1 -14 -40 9.65 $ 11,273,436,406.32
NWM Norwest Minerals 6 17 19 -9 0.083 $ 14,990,403.83
SSR SSR Mining Inc. 6 0 8 -17 21.97 $ 459,399,402.00
OAU Ora Gold Limited 6 -6 -15 -32 0.017 $ 14,315,618.77
CBY Canterbury Resources 6 0 0 -22 0.105 $ 12,620,845.65
MRR Minrex Resources 6 13 -18 -33 0.018 $ 9,913,329.94
SBM St Barbara Limited 6 3 -28 -50 1.54 $ 1,089,124,020.22
RED Red 5 Limited 6 33 60 -1 0.28 $ 636,217,376.04
QML Qmines Limited 6 15 0.375 $ 19,760,789.25
AXE Archer Materials 6 -4 82 209 1.605 $ 389,979,739.62
DRE Drednought Resources 6 -3 100 27 0.038 $ 104,778,898.51
LCL Los Cerros Limited 6 2 -25 -25 0.1425 $ 92,193,371.48
VKA Viking Mines 6 12 -53 4 0.019 $ 19,403,910.19
ARN Aldoro Resources 5 -14 0 344 0.4 $ 35,365,435.60
BRB Breaker Res NL 5 11 25 43 0.3 $ 94,493,869.41
MDI Middle Island Res 5 3 -58 -73 0.1 $ 12,241,822.20
ALK Alkane Resources 5 18 30 -34 0.945 $ 565,619,360.00
DEX Duke Exploration 5 -9 -35 0.215 $ 19,395,397.68
PNR Pantoro Limited 5 -2 13 -7 0.215 $ 302,934,720.07
WWI West Wits Mining 5 -10 -53 22 0.044 $ 63,792,524.25
MZZ Matador Mining 5 -1 26 -13 0.3975 $ 85,645,598.80
RSG Resolute Mining 5 1 -16 -53 0.455 $ 502,271,181.23
CY5 Cygnus Gold Limited 4 0 -27 -37 0.12 $ 13,010,411.76
ANX Anax Metals 4 -4 30 293 0.096 $ 33,967,837.33
MEG Megado 4 -3 -37 0.097 $ 4,520,123.79
DGO DGO Gold Limited 4 6 -10 -14 3.075 $ 256,664,478.84
AGC AGC 4 -4 -29 0.125 $ 8,465,910.50
AGC AGC 4 -4 -29 0.125 $ 8,465,910.50
OKU Oklo Resources 4 0 -11 -57 0.125 $ 63,003,726.50
GOR Gold Road Res 4 0 7 -9 1.3825 $ 1,238,234,563.30
EMU EMU NL 4 -13 -41 -44 0.027 $ 12,595,891.07
KWR Kingwest Resources 4 35 0 -27 0.135 $ 28,117,420.79
POL Polymetals Resources 4 4 0.145 $ 5,629,372.27
EMR Emerald Res NL 4 18 23 63 1.025 $ 523,128,165.11
EM2 Eagle Mountain 3 -4 -11 77 0.76 $ 177,890,015.16
RDT Red Dirt Metals 3 214 431 242 0.77 $ 117,042,409.89
KAI Kairos Minerals 3 0 -3 -62 0.031 $ 50,296,102.53
GRL Godolphin Resources 3 3 -21 -38 0.155 $ 13,037,247.01
SAU Southern Gold 3 -2 -30 -47 0.064 $ 13,439,711.63
OBM Ora Banda Mining 3 -5 -60 -71 0.1 $ 102,293,573.03
BGL Bellevue Gold 3 4 0 -28 0.88 $ 887,334,693.30
DEG De Grey Mining 3 19 1 -7 1.245 $ 1,635,110,108.67
CYL Catalyst Metals 3 8 -4 -25 2.03 $ 196,591,446.00
NES Nelson Resources. 2 -9 -49 -45 0.042 $ 8,160,272.19
MEU Marmota Limited 2 -2 5 -6 0.046 $ 44,552,549.74
KAU Kaiser Reef 2 8 -22 -41 0.24 $ 29,380,971.36
MEI Meteoric Resources 2 -18 -54 -55 0.0255 $ 34,100,934.24
CEL Challenger Exp 2 2 -10 30 0.285 $ 272,669,719.00
MAT Matsa Resources 2 -3 -25 -57 0.06 $ 22,205,586.44
VAN Vango Mining 2 5 -25 -36 0.063 $ 69,247,609.26
MML Medusa Mining 1 -7 -11 -7 0.75 $ 155,904,975.75
KSN Kingston Resources 1 4 -16 -20 0.1925 $ 55,800,138.62
AAJ Aruma Resources 1 -10 19 -32 0.082 $ 10,076,920.24
STN Saturn Metals 1 11 1 -45 0.42 $ 47,298,094.20
WMC Wiluna Mining Corp 1 0 3 -42 1.04 $ 163,056,502.52
TBR Tribune Res 1 2 -4 -32 4.98 $ 263,914,427.31
PKO Peako Limited 0 -20 -20 -25 0.024 $ 7,402,898.42
SBR Sabre Resources 0 25 -29 -50 0.005 $ 8,446,568.25
RGL Riversgold 0 -24 -50 -62 0.025 $ 10,101,054.90
PUR Pursuit Minerals 0 -31 -57 276 0.035 $ 32,795,487.06
PRS Prospech Limited 0 -23 -45 0 0.069 $ 4,497,489.35
DCX Discovex Res 0 0 -29 -29 0.005 $ 12,843,320.38
MVL Marvel Gold Limited 0 16 23 -7 0.065 $ 36,472,766.90
NAG Nagambie Resources 0 -12 -21 13 0.068 $ 33,495,467.18
AL8 Alderan Resource 0 -13 -39 -66 0.042 $ 17,448,209.28
MOH Moho Resources 0 0 -29 -45 0.06 $ 6,248,161.82
BBX BBX Minerals 0 -3 0 -57 0.195 $ 87,024,080.25
GMN Gold Mountain 0 -10 -48 -50 0.019 $ 21,402,983.40
NAE New Age Exploration 0 -15 -31 -31 0.011 $ 15,794,888.01
TRM Truscott Mining Corp 0 -9 26 45 0.029 $ 4,406,304.78
TBA Tombola Gold 0 0 -30 -15 0.04 $ 25,371,831.16
LM8 Lunnonmetalslimited 0 -29 0.4 $ 30,640,062.40
AVW Avira Resources 0 20 -14 -33 0.006 $ 10,312,740.00
HRN Horizon Gold 0 7 -17 -17 0.365 $ 38,942,585.84
GMR Golden Rim Resources 0 -14 -40 -67 0.006 $ 19,772,098.07
DDD 3D Resources Limited 0 0 -11 -19 0.004 $ 15,521,488.37
GNM Great Northern 0 -20 -20 -58 0.008 $ 9,672,407.81
RMX Red Mount Min 0 -10 -18 -25 0.009 $ 13,180,124.72
SFM Santa Fe Minerals 0 0 -15 6 0.085 $ 6,189,597.07
LNY Laneway Res 0 11 -17 -38 0.005 $ 23,424,395.60
SI6 SI6 Metals Limited 0 0 -25 -8 0.012 $ 17,851,799.81
CGN Crater Gold Min 0 0 -15 42 0.017 $ 20,867,429.74
CTO Citigold Corp 0 -9 -17 -33 0.01 $ 28,336,590.91
KGM Kalnorth Gold 0 0 0 0 0.013 $ 11,625,120.78
TRY Troy Resources 0 0 -49 -75 0.037 $ 30,073,993.35
MLS Metals Australia 0 0 0 -20 0.002 $ 10,477,114.72
NUS Nusantara Resources 0 1 29 18 0.3475 $ 80,506,369.93
RDS Redstone Resources 0 -8 -8 -31 0.011 $ 7,908,989.69
M2R Miramar 0 0 -18 0.2 $ 9,679,079.10
FML Focus Minerals 0 0 -12 -36 0.25 $ 47,514,626.90
AWV Anova Metals 0 0 -8 -24 0.022 $ 31,528,072.40
THR Thor Mining PLC 0 -11 13 6 0.017 $ 10,601,410.55
BAT Battery Minerals 0 -12 -25 7 0.015 $ 29,444,835.46
BCN Beacon Minerals 0 3 0 2 0.034 $ 118,260,114.89
KRM Kingsrose Mining 0 18 13 47 0.053 $ 37,230,374.95
CST Castile Resources 0 0 -15 -50 0.22 $ 44,934,777.23
PNX PNX Metals Limited 0 -13 0 -36 0.007 $ 25,565,354.58
ANL Amani Gold 0 50 200 100 0.003 $ 55,163,796.32
AAR Anglo Australian -1 -8 -19 -54 0.081 $ 47,694,339.12
TAM Tanami Gold NL -1 3 -7 -3 0.071 $ 84,606,987.31
KTA Krakatoa Resources -1 3 10 -31 0.067 $ 19,745,564.44
PF1 Pathfinder Resources -2 -5 4 0.29 $ 14,469,909.60
KCN Kingsgate Consolid. -2 123 89 96 1.6925 $ 365,178,747.45
DTR Dateline Resources -2 -1 -11 42 0.089 $ 38,975,926.20
MM8 Medallion Metals. -2 -11 -20 0.205 $ 16,598,867.63
ONX Orminex -3 -17 -26 36 0.034 $ 18,080,519.29
TRN Torrens Mining -3 -11 7 0.16 $ 10,798,065.39
IPT Impact Minerals -3 11 -18 -38 0.0155 $ 30,356,923.79
FG1 Flynngold -3 0 0.15 $ 8,999,999.70
GSM Golden State Mining -3 2 4 -54 0.14 $ 11,216,877.98
MAU Magnetic Resources -4 -8 -4 18 1.52 $ 327,260,235.00
BMR Ballymore Resources -4 -18 0 0 0.25 $ 18,584,301.06
WCN White Cliff Min -4 -11 -34 -48 0.0125 $ 6,464,954.99
MRZ Mont Royal Resources -4 0 13 0 0.36 $ 13,825,000.98
AWJ Auric Mining -4 -8 -37 0.12 $ 6,656,322.84
YRL Yandal Resources -4 -13 -4 -14 0.45 $ 45,197,978.85
TTM Titan Minerals -4 -8 10 -19 0.11 $ 153,044,484.78
RND Rand Mining -5 2 -9 -35 1.48 $ 84,176,422.28
MCT Metalicity Limited -5 -5 -27 -59 0.0095 $ 19,293,943.79
TSO Tesoro Resources -5 -17 -47 -80 0.095 $ 47,595,652.56
M24 Mamba Exploration -5 9 -31 0.19 $ 6,845,000.00
PAK Pacific American Hld -5 12 -7 -7 0.019 $ 6,371,698.00
IDA Indiana Resources -5 -7 -31 -5 0.055 $ 23,894,582.80
BYH Bryah Resources -6 -2 -27 -19 0.051 $ 11,434,565.93
TAR Taruga Minerals -6 -8 2 -27 0.049 $ 25,090,940.29
GUL Gullewa Limited -6 -11 -12 -26 0.081 $ 15,420,221.10
FFR Firefly Resources -6 -18 -10 -40 0.094 $ 28,983,915.82
TMX Terrain Minerals -6 -17 -32 -42 0.0075 $ 5,886,088.07
SKY SKY Metals -6 7 -44 -54 0.09 $ 27,981,100.35
AAU Antilles Gold -7 -3 -9 88 0.076 $ 20,948,540.98
E2M E2 Metals -7 -11 -29 11 0.25 $ 37,617,803.25
VMC Venus Metals Cor -8 6 0 -29 0.185 $ 24,927,982.70
FAU First Au -8 -8 -20 -33 0.012 $ 7,375,545.05
ZAG Zuleika Gold -8 -12 -45 -32 0.023 $ 9,022,054.21
MHC Manhattan Corp -8 -15 -21 -62 0.011 $ 18,315,344.32
S2R S2 Resources -9 -12 -43 -70 0.086 $ 32,073,736.95
TLM Talisman Mining -10 -18 27 22 0.14 $ 26,244,640.66
SLZ Sultan Resources -10 9 -5 -18 0.18 $ 13,559,205.86
ADT Adriatic Metals -10 -5 24 16 2.76 $ 513,446,784.64
PRX Prodigy Gold NL -11 -15 -26 -29 0.034 $ 19,226,711.00
CDR Codrus Minerals -13 -33 0.135 $ 5,400,000.00
BRV Big River Gold -15 -27 -45 -57 0.22 $ 50,471,763.96
DTM Dart Mining NL -18 5 -23 -32 0.115 $ 11,493,729.74
BEZ Besragoldinc -20 0.16 $ 27,495,993.60
MTC Metalstech -25 57 363 227 0.43 $ 70,832,450.75
PDI Predictive Disc -26 40 115 190 0.1825 $ 264,348,503.84

 

Weekly Small Cap Standouts

It was a great week for ASX gold stocks, with just 48 on our list of 260 posting a loss. 24 companies gained 20% or more.

 

NOVA MINERALS (ASX:NVA)

The explorer just hit 132m at 10.1g/t gold at the ‘RPM’ deposit, part of the 4.7moz Estelle project in Alaska.

Outrageous numbers. That must be up there as one of the gold hits of the year.

“The RPM deposit is shaping up to be a very large high grade IRGS style gold system that remains wide open, with results from three drill holes to be reported in the coming weeks,” CEO Christopher Gerteisen says.

“RPM is now confirmed to be the second significant project development area at Estelle and will be a key component of our ongoing resource development work on our path towards production at the Estelle Gold Project.”

A RPM Maiden Resource is due in Q4 2021.

The 4.7moz Korbel deposit and RPM represent only 2 of 15 known prospects with the wider Estelle Gold Project claims, NVA says.

 

BRIGHTSTAR RESOURCES (ASX:BTR)

Previously known as Stone Resources, Brightstar is focussed on its namesake 445,000-ounce gold project in the Laverton region of WA.

It also owns a mothballed 330,000 tonne-per-annum processing plant, which sets it apart from most explorers on the ASX. This could potentially shorten any timeline to production.

The focus right now is growing resources at the 237,000oz ‘Cork Tree Well’ deposit, where drilling assays are due in mid-late October.

More than 26 holes for ~4,000m have been completed so far, the company says.

Late last week it topped up its coffers with an oversubscribed $2.3 million placement.

 

PREDICTIVE DISCOVERY (ASX:PDI)

The popular goldie fell 25% this week after getting ahead of a “pending media report questioning the legality for the company to establish mining operations” at the flagship Bankan project in Guinea.

PDI acknowledged that Bankan was in the ‘Outer Buffer Zone’ of the Upper Niger National Park.

While exploration permits are all in good standing, PDI mentions that “the Upper Niger National Park is a protected area where the mining of mineral deposits is not permitted”.

There are plenty of precedents for mining permits to be granted in the national park, but the news still scared some investors.

However, Sprott says everything has been blown out of proportion and maintains a buy rating/ 42c price target for the stock.