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Resources Top 5: Here’s a mixed bag of tin, gold, copper and battery metals stocks
Mining
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- Helix raises $3m to fund copper exploration
- Aus Tin Mining moves higher as tin price hits 10-year highs
- Queensland Pacific (nickel, cobalt), Classic Minerals (gold), and Dateline (gold) up on no news
Here are the top resources winners in morning trade, Thursday, February 18.
The explorer just raised $3m to fund “aggressive” exploration at the Collerina and Canbelego copper projects located in central NSW.
This is a good neighbourhood.
The Cobar Region includes a number of active gold and base metals mines including the CSA, Peak, Tritton, and Hera.
“This raising places the company in a strong position to go big on exploration for copper at Collerina and Canbelego and provides additional funding for regional exploration as we look to further define and grow our copper resources in the region,” new managing director Mike Rosenstreich says.
(Up on no news)
Earlier his week the battery nickel-cobalt project developer signed a potential port access/capacity deal with Port of Townsville.
The MOU – an ‘agreement’ which comes before a legally binding deal – “provides confidence for an expansion of the advanced TECH Project, knowing that there is sufficient port capacity to allow higher levels of ore importation than what was considered in the Pre-Feasibility Study”, QPM says.
The company has already signed MOUs with battery makers LG Chem and Samsung for a combined 16,000 tonnes of nickel. Other offtake discussions are ongoing, it says.
(Up on no news)
This tiddler has been pulling up thin but very high grade gold intersections from ‘Kat Gap’, part of the 403,000oz Forrestania gold project in WA.
Latest hits from infill drilling (to increase confidence in the resource) include 3m at 12g/t from 127m depth, and 1m at 22g/t from ~60m.
Classic will be heading back to Kat Gap in late March for deeper drilling, designed to increase the size of the current +92,000oz resource.
(Up on no news)
The quiet US based gold explorer is planning a underground development and drilling program at the flagship ‘Gold Links’ project in Colorado.
The planned program includes up to 1000 metres of underground development (digging tunnels), a power upgrade and over 4,000 metres of underground drilling.
“More details will be made available once discussions are finalised and funding is secured,” the company said in January.
(Up on no news)
Recently, mining investor DGR Global (ASX:DGR) increased its stake in the coal and tin explorer from 14.78 per cent to 19.46 per cent.
Might be good timing, because tin metal prices just soared to their highest since 2011 on lack of supply.
Aus Tin’s Taronga project near Emmaville in northern NSW has a JORC 2012 resource which includes tin, copper and silver.
