The acquisition of the Jubilee Project is significant, as it delivers the company full control over a complementary and strategic high-grade gold exploration asset, situated 25km southwest of Ballarat.
Plus, Canterbury holds its breath ahead of Queensland copper assays and Strandline’s big WA mineral sands project on track to secure funding from the Government’s Northern Australia Infrastructure Facility
The Stavely Project is located in western Victoria on the Stavely tablelands, 250km west of Melbourne. The company is targeting a Cadia-style gold-copper porphyry and Lake Cowal-style gold mineralisation at the project.
Bullion’s romp beyond the record $2000 an ounce level in Aussie dollar terms has prompted investors to take a closer look at the pantheon of ASX-listed local gold producers – despite some problems in the mid-tier that have tarnished the sector.
Newcrest chief executive Sandeep Biswas has just taken to following Donald Trump on Twitter. The reason why is simple enough – Newcrest is Australia’s biggest gold producer and Trump’s penchant for off-the-wall daily tweets is fuelling fear-buying of the yellow metal, pushing it to three months highs.