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Kurz welcomes Orban to Vienna, claiming to act as ‘bridge builder’

Austrian Chancellor Sebastian Kurz said Tuesday that he aimed to ease east-west strains within the E..

Austrian Chancellor Sebastian Kurz said Tuesday that he aimed to ease east-west strains within the European Union, as his new right-wing government welcomed Hungary's incendiary Prime Minister Viktor Orban in Vienna.

"In particular since the start of the migrant crisis (in 2015) tensions have grown in the European Union," Kurz told a joint news conference with Orban in the Austrian capital.

"Our great aim in Austria is to be a bridge-builder in this respect between the Visegrad states and the countries in western Europe," the 31-year-old conservative said.

A rift has emerged in recent years between Brussels and the Visegrad group of Hungary, Poland, the Czech Republic and Slovakia — and in particular with Warsaw and Budapest.

A sweeping revamp of state institutions by the nationalist governments in both countries has raised worries about the rule of law, judicial independence and media freedom.

Both have been the subject of legal action by the European Commission and they have refused to take part in a scheme to share out migrants around the 28-nation bloc.

Orban has called immigration the "Trojan Horse of terrorism" and described migrants as "Muslim invaders" of a Christian Europe.

"The biggest danger today to the hopeful future of central Europe is migration of peoples," Orban told the news conference with Kurz on Tuesday.

"When I say that the future needs to be protected I mean that we have a culture, a Christian culture… We have a way of life, and we want to protect this way of life," Orban said.

New ally

Hungary and Poland are likely to have something of a new ally in Austria, although both Kurz and Orban on Tuesday sought to quash speculation that Austria might even join Visegrad.

"Today is a new start" in relations, Orban said.

Kurz has talked tough on immigration and has praised Hungary for building fences in 2015 on its southern border, an outer frontier of the Schengen zone.

The EU scheme, Kurz said Tuesday, "isn't working… We have to stop illegal immigration in order to ensure security in Europe. I am glad that there has been a change in thinking in many European countries in recent years."

Orban, 54, was expected to get an even more sympathetic audience later Tuesday in a meeting with Heinz-Christian Strache, head of the far-right Freedom Party (FPÖ).

Since December the FPÖ, which opposes immigration, has been Kurz's coalition partner.

Strache told a news conference with Orban that instead of insulting the Hungarian premier in 2015 during the migrant crisis, Austria's government "should have thanked him" for protecting the Schengen outer border.

Orban, Kurz and Strache acknowledged however that they differ on some issues, in particular Austria's plans to sue the European Commission for allowing Hungary to expand its Paks nuclear plant with a 10-billion-euro

($12.4-billion) Russian loan.

Orban also said that Kurz's plans to cut child benefits for people working in Austria but whose families live elsewhere amounted to "discrimination". Kurz said the changes "are about justice".

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Australia

Great Southern sets development pathway for Mon Ami gold operation

Great Southern Mining Ltd (ASX:GSN) has set a development pathway for gold operations at Mon Ami in Western Australia after completing an in-house preliminary economic evaluation of the potential for an open-pit development.

Results are sufficiently positive for the company to initiate the full suite of requisite preliminary activities targeted at obtaining a mining approval under the Mining Act 1978 (WA) in 2021.

This progression towards development is expected to add significant underlying value to Mon Ami and the company’s gold strategy.

Development of the deposit offers a potential source of cash flow for ongoing funding of aggressive exploration plans across the gold portfolio – including Cox’s Find, at depth at Mon Ami and the Edinburgh Park Gold Project in North Queensland.

Testing high-grade extensions
Great Southern Mining chief executive officer Sean Gregory said: “We are pleased to announce that our in-house preliminary economic review has identified a potential low-cost..

Great Southern Mining Ltd (ASX:GSN) has set a development pathway for gold operations at Mon Ami in Western Australia after completing an in-house preliminary economic evaluation of the potential for an open-pit development.

Results are sufficiently positive for the company to initiate the full suite of requisite preliminary activities targeted at obtaining a mining approval under the Mining Act 1978 (WA) in 2021.

This progression towards development is expected to add significant underlying value to Mon Ami and the company’s gold strategy.

Development of the deposit offers a potential source of cash flow for ongoing funding of aggressive exploration plans across the gold portfolio – including Cox’s Find, at depth at Mon Ami and the Edinburgh Park Gold Project in North Queensland.

Testing high-grade extensions

Great Southern Mining chief executive officer Sean Gregory said: “We are pleased to announce that our in-house preliminary economic review has identified a potential low-cost development pathway for an open-pit mining operation at Mon Ami.

“The planned drilling program seeks to expand on this opportunity and test for higher grade extensions to the deposit at depth.

“Rapid development at Mon Ami has the potential to deliver a robust source of cash flow for GSN, allowing the further acceleration of the aggressive exploration plans across our Australian gold portfolio.”

Near-surface high-grade gold hits

Recent drill results at Mon Ami included several near-surface high-grade results – 11 metres at 7.9 g/t gold from 26 metres including 4 metres at 15.9 g/t and 4 metres at 12.4 g/t from 80 metres.

Initial technical studies have been scoped at the project to support a mining approval and include a review of the existing drill core and optical televiewer data by the company’s geotechnical consultants to recommend pit design parameters.

GSN believes that the high grades could extend to depth in an analogous fashion to the Ida H deposit 14 kilometres to the north of Mon Ami along the same regional shear zone, the Barnicoat Shear.

Upcoming drilling

The metallurgical characteristics of Mon Ami were tested in 2018 where the recoveries averaged 95% in the fresh and transitional rock, which will be the focus of any open pit development.

The maiden inferred resource of 1.1 million tonnes at 1.7 g/t for 59,000 ounces was estimated in 2018 and since then 2,073 metres of reverse circulation (RC) drilling has been conducted with further drilling is planned.

As a part of upcoming drilling, GSN plans to upgrade the resource to the indicated status based on an improved understanding of the deposit from the quality assured drilling and improved confidence around modifying factors.

Drill rig secured

The company has secured the services of its preferred RC drilling contractor to resume drilling operations at Laverton from the first week of December 2020.

Drilling will test these targets at Mon Ami as well as the targets at Cox’s Find.

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Australia

Tempest Minerals in trading halt with capital raising news pending

Tempest Minerals Ltd (ASX:TEM) (FRA:LIF) has a capital raising announcement pending and has been granted a trading halt by the ASX.

The halt will remain in place until the earlier of the start of normal trading on Tuesday, November 17, 2020, or when an announcement is released to the market.

Securities last traded at 3.8 cents and since the market close on August 28 have traded in the range of 2.4 cents to 5.3 cents.

Drilling underway
The company is active at the Yalgoo projects around 400 kilometres north of Perth in WA with drilling of three priority targets beginning last month at the Warriedar West Prospect.

Tempest considers Yalgoo the forgotten goldfield, with world-class deposits every 10 kilometres, including high-grade gold, copper, zinc, tungsten and iron, and major infrastructure in place which represents a low-cost, high-impact exploration opportunity.

The drilling at Warriedar West is targeting intrusion-related gold system (IRGS) mineralisation.

Gold and trace eleme..

Tempest Minerals Ltd (ASX:TEM) (FRA:LIF) has a capital raising announcement pending and has been granted a trading halt by the ASX.

The halt will remain in place until the earlier of the start of normal trading on Tuesday, November 17, 2020, or when an announcement is released to the market.

Securities last traded at 3.8 cents and since the market close on August 28 have traded in the range of 2.4 cents to 5.3 cents.

Drilling underway

The company is active at the Yalgoo projects around 400 kilometres north of Perth in WA with drilling of three priority targets beginning last month at the Warriedar West Prospect.

Tempest considers Yalgoo the forgotten goldfield, with world-class deposits every 10 kilometres, including high-grade gold, copper, zinc, tungsten and iron, and major infrastructure in place which represents a low-cost, high-impact exploration opportunity.

The drilling at Warriedar West is targeting intrusion-related gold system (IRGS) mineralisation.

Gold and trace element anomalies typical of IRG-style mineralisation are present in the project and it includes considerable nugget-rich free gold exploited in modern times by prospectors as well as high-grade gold in rock chips.

Tempest is also undertaking surface sampling and drill planning at other projects within its portfolio.

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Australia

S&P/ASX 200 dips 0.40% as new COVID-19 cases in the US top 150,000 for the first time

S&P/ASX 200 (INDEXASX:XJO) fell 26 points or 0.4% to 6,393 by around 1.40 pm as COVID-19 cases in the northern hemisphere continue to surge, leading to further lockdowns.

Despite today’s losses, the index is still on track for a weekly gain of about 3.2% after rising 4.4% last week.

Financials, energy and industrials were leading the declines today while materials and communications advanced.

Energy stocks were also underperforming but they are still up by 13% this week.

COVID-19 update
The number of new COVID-19 cases in the US topped 150,000 on Thursday, eight days after 100,000 cases were found in a day for the first time, according to a New York Times report.

Deaths are rising too with more than 1,000 on average each day and COVID-19 hospitalisations set a record on Thursday, climbing to 67,096.

The pandemic has risen to crisis levels in much of the nation, especially the Midwest, as hospitals warn of dwindling bed space and as coroners deploy mobile morgues.

Top gainers
Tod..

S&P/ASX 200 (INDEXASX:XJO) fell 26 points or 0.4% to 6,393 by around 1.40 pm as COVID-19 cases in the northern hemisphere continue to surge, leading to further lockdowns.

Despite today’s losses, the index is still on track for a weekly gain of about 3.2% after rising 4.4% last week.

Financials, energy and industrials were leading the declines today while materials and communications advanced.

Energy stocks were also underperforming but they are still up by 13% this week.

COVID-19 update

The number of new COVID-19 cases in the US topped 150,000 on Thursday, eight days after 100,000 cases were found in a day for the first time, according to a New York Times report.

Deaths are rising too with more than 1,000 on average each day and COVID-19 hospitalisations set a record on Thursday, climbing to 67,096.

The pandemic has risen to crisis levels in much of the nation, especially the Midwest, as hospitals warn of dwindling bed space and as coroners deploy mobile morgues.

Top gainers

Today’s top gainers on the ASX include FYI Resources Ltd (ASX:FYI) (+13.89%), Euro Manganese Inc CDI (ASX:EMN) (+17.31%), Rimfire Pacific Mining N L (ASX:RIM) (+20.00%), Technology Metals Australia Ltd (ASX:TMT) (+10.00%), Andromeda Metals Ltd (ASX:AND) (+15.38%), Auteco Minerals Ltd (ASX:AUT) (+10.00%), Macarthur Minerals Ord Shs (ASX:MIO) (+10.64%) and Nanoveu Ltd (ASX:NVU) (+15.00%).

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Comet Resources makes strong progress at Santa Teresa Gold Project in Mexico

Comet Resources Limited (ASX:CRL) has made significant progress on the development pathway at Santa Teresa High-Grade Gold Project in Baja California, Mexico, including the release of an initial JORC-compliant mineral resource estimate.

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Great Southern sets development pathway for Mon Ami gold operation

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Alice Queen's strong drill results reveal potential to extend Horn Island gold resource

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Great Boulder Resources extends Blue Poles strike to more than 1-kilometre with unexpected base metal discovery

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Cauldron progresses non-site activities preparing to get on the ground at Blackwood Gold Project

Cauldron Energy Ltd (ASX:CXU) (OTCMKTS:CAULF) (FRA:UFX) has not been sitting on its hands during Victoria’s strict COVID-19 lockdown with non-site activities progressed for the Blackwood Gold Project in the Victorian Goldfields.

Firefinch's acquisition of Morila transforms company to gold producer with plans to be mid-tier miner

Firefinch Ltd (ASX:FFX), formerly named Mali Lithium (ASX:MLL), has moved quickly to implement plans to transform the newly acquired Morila Gold Mine in Mali, Africa into a major near-term gold producing project.

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