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S&P/ASX 200 snaps 4-day winning streak; energy stocks continue to rise

S&P/ASX 200 (INDEXASX:XJO) failed to hold on to this mornings gains of 0.7%, with the index falling by 0.4% or 22.6 points to 5,550.

However, the index remains on track to record its fourth straight weekly advance.

Energy stocks stood out after the price of oil rose 4.8% (up ~30% in one week).

DroneShield (ASX:DRO) shares surged 62% after its DroneGun Tactical product was selected by the European Union police forces.

Afterpay (ASX:APT) shares hit a new all-time high this morning and closed at $44.

Other Australian stocks with solid price increases today include Technology Metals Australia Ltd (ASX:TMT) (+25%), Great Southern Mining Ltd (ASX:GSN) (+10%), THC Global Group Ltd (ASX:THC) (+16.67%), Kingwest Resources Ltd (ASX:KWR) (+19%), Volt Resources Ltd (ASX:VRC) (+20%), Musgrave Minerals Ltd (ASX:MGV) (+13%), Eclipse Metals Ltd (ASX:EPM) (+14.29%), Black Rock Mining Ltd (ASX:BKT) (+15%), Cobalt Blue Holdings Ltd (ASX:COB) (+14%), Bryah Resources Ltd (ASX:BYH) (+24%) and Argonaut ..

S&P/ASX 200 (INDEXASX:XJO) failed to hold on to this mornings gains of 0.7%, with the index falling by 0.4% or 22.6 points to 5,550.

However, the index remains on track to record its fourth straight weekly advance.

Energy stocks stood out after the price of oil rose 4.8% (up ~30% in one week).

DroneShield (ASX:DRO) shares surged 62% after its DroneGun Tactical product was selected by the European Union police forces.

Afterpay (ASX:APT) shares hit a new all-time high this morning and closed at $44.

Other Australian stocks with solid price increases today include Technology Metals Australia Ltd (ASX:TMT) (+25%), Great Southern Mining Ltd (ASX:GSN) (+10%), THC Global Group Ltd (ASX:THC) (+16.67%), Kingwest Resources Ltd (ASX:KWR) (+19%), Volt Resources Ltd (ASX:VRC) (+20%), Musgrave Minerals Ltd (ASX:MGV) (+13%), Eclipse Metals Ltd (ASX:EPM) (+14.29%), Black Rock Mining Ltd (ASX:BKT) (+15%), Cobalt Blue Holdings Ltd (ASX:COB) (+14%), Bryah Resources Ltd (ASX:BYH) (+24%) and Argonaut Resources NL (ASX:ARE) (+25.00%).

Proactive news headlines

Volt Resources higher on news of potential purchase of second African gold project


Volt Resources Ltd (ASX:VRC) has entered a binding term sheet to conditionally acquire an 85% interest in the Luiri Hill Gold Project in south-central Zambia, 120 kilometres from the capital Lusaka. Together with the proposed acquisition of a gold project in Guinea announced last week, purchasing the Luiri project will further diversify Volt's asset base with the precious metal, which has been proving its strength in difficult market conditions.

Salt Lake Potash paleochannel bore at Lake Way exhibits strong flow rates and high grades


Salt Lake Potash Ltds (ASX:SO4) (LON:SO4) pumping of initial brine extraction drilled into the paleochannel at Lake Way SOP Project in Western Australia has delivered flow rates of 18 litres per second with a consistent potassium grade of 7,100mg per litre. The results, which were sustained over a 17-day delivery, are above the average flow rates used in the companys bankable feasibility study (BFS) which demonstrated 8 litres per second and average brine grades of 6,100mg per litre. Investors have responded positively with ASX shares up as much as 10% to A$0.50 intra-day and have risen from 30 cents at close on March 19.

Greenland Minerals completes key step toward securing mining licence for rare earth project


Greenland Minerals Ltd (ASX:GML) has lodged an updated Environmental Impact Assessment (EIA) of the Kvanefjeld rare earth project with Greenlands Environmental Agency for Mineral Resource Activities (EAMRA). EAMRA has provided an indicative period of eight weeks to conduct the review process. Once EAMRA is satisfied, the Ministry for Mineral Resources and Labour will be notified, who manage the remainder of the licensing process.

THC Global rises with medicinal cannabis product now available via prescription in Australia


THC Global Group Ltd (ASX:THC) is trading 15% higher on confirmation that its first Australian-produced medicinal cannabis product is now available for prescription to Australian patients under Australias existing Special Access Schemes. Full-spectrum medicines are in high demand for prescribers and patients seeking benefit of minor cannabinoids, terpenes and flavonoids which may provide different therapeutic outcomes. The product is manufactured from cannabis plant material cultivated at THC Globals Bundaberg facility.

Kingston Resources delivers 15% more gold and 30% more silver at Misima project in PNG


Kingston Resources Ltd (ASX:KSN) has boosted the golden bounty of its Misima project in Papua New Guinea by 15% to 3.21 million ounces with silver resources also up 30% to 18.2 million ounces. The new resource which incorporates results of recent successful drilling programs and updated gRead More – Source

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Australia

Bardoc Gold takes major strides towards goal of becoming mid-tier gold producer

Bardoc Gold Limited (ASX:BDC) (FRA:4SF) has achieved or exceeded all of its targeted milestones and is taking further major strides towards its goal of becoming a mid-tier gold producer.

The company said the coming 12 months were set to be pivotal with multiple workstreams progressing to move the company towards first gold production by the end of the next calendar year.

“Pivotal period”[hhmc]
Despite the wild fluctuations in global markets and the onset of the COVID-19 pandemic, the pre-feasibility study has cemented the status of its flagship asset as one of the best-undeveloped gold projects in Australia.

Chairman Tony Leibowitz said: “This timeline suggests that the coming 12 months are set to be a pivotal period in Bardoc Golds development, with multiple workstreams progressing to move the company towards first gold production by the end of next calendar year.”

The company is in a very strong position with cash reserves of more than $35 million as it transitions from an explor..

Bardoc Gold Limited (ASX:BDC) (FRA:4SF) has achieved or exceeded all of its targeted milestones and is taking further major strides towards its goal of becoming a mid-tier gold producer.

The company said the coming 12 months were set to be pivotal with multiple workstreams progressing to move the company towards first gold production by the end of the next calendar year.

“Pivotal period”


Despite the wild fluctuations in global markets and the onset of the COVID-19 pandemic, the pre-feasibility study has cemented the status of its flagship asset as one of the best-undeveloped gold projects in Australia.

Chairman Tony Leibowitz said: “This timeline suggests that the coming 12 months are set to be a pivotal period in Bardoc Golds development, with multiple workstreams progressing to move the company towards first gold production by the end of next calendar year.”

The company is in a very strong position with cash reserves of more than $35 million as it transitions from an explorer to developer to producer.

Bardoc Gold recently successfully undertook a $24 million capital raising, and together with the $15 million capital raise in October 2019, has welcomed a number of Tier-1 institutional and strategic investors to its share register.

Leibowitz added: “I am pleased to say that Bardoc sits in the enviable position of having a large-scale, near-term gold development opportunity in a Tier-1 mining district, with a robust cash balance to support our ongoing growth and development initiatives.”

Bardoc Gold Project

As a result of the significant achievements of the past 12 months, Bardoc is on the cusp of completing a definitive feasibility study (DFS) on its namesake project north of Kalgoorlie, Western Australia, one of the few new gold projects of this scale anywhere in Australia.

It is also making a final investment decision on the more than 100,000-ounces per annum gold project.

The DFS is well underway and is targeted to be completed by the March 2021 quarter and the aim is to begin mining and construction in the September 2021 quarter.

Bardoc's 100%-owned project runs contiguously north for 50 kilometres in the Eastern Goldfields of Western Australia.

There are four main deposits and a multitude of smaller projects within the 247 square kilometres landholding, providing a large resource base and excellent exploration potential within the prolific Norseman-Wiluna greenstone belt and the junction of the Bardoc Tectonic Zone and the Black Flag Fault.

These two deep-seated crustal structures host many multi-million-ounce deposits, including the world-renowned Golden Mile in Kalgoorlie

Mineral resource update


Following the drilling and exploration programs and a number of strategic tenement acquisitions completed, the company has an updatedRead More – Source

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Australia

Argonaut Resources progresses copper exploration plans in Australia and Africa

Argonaut Resources NL (ASX:ARE) is primarily focusing on exploration of its copper projects in Australia and Africa in the near-term.

The companys Murdie and Torrens projects in South Australia have confirmed iron-oxide-copper-gold (IOCG) systems and are considered pedigree geology.

Argonaut also operates a portfolio of attractive copper licences within the Central African Copperbelt in north-western Zambia.

Murdie Project [hhmc]
At Murdie, Argonaut has identified more than 50 IOCG gravity targets across three domains, including onshore, nearshore and offshore plus flexible drilling options.

The priority targets are hosted in or on the margin of Donnington Suite Granite, which also hosts the nearby Oak Dam and Carrapateena IOCG deposits.

Permitting pending[hhmc]
Three authorisations are required for nearshore and offshore drilling at Murdie – Native Title permit (granted in 2018), operational permit (granted January 2020) and the Aboriginal heritage pemit which has completed the c..

Argonaut Resources NL (ASX:ARE) is primarily focusing on exploration of its copper projects in Australia and Africa in the near-term.

The companys Murdie and Torrens projects in South Australia have confirmed iron-oxide-copper-gold (IOCG) systems and are considered pedigree geology.

Argonaut also operates a portfolio of attractive copper licences within the Central African Copperbelt in north-western Zambia.

Murdie Project


At Murdie, Argonaut has identified more than 50 IOCG gravity targets across three domains, including onshore, nearshore and offshore plus flexible drilling options.

The priority targets are hosted in or on the margin of Donnington Suite Granite, which also hosts the nearby Oak Dam and Carrapateena IOCG deposits.

Permitting pending


Three authorisations are required for nearshore and offshore drilling at Murdie – Native Title permit (granted in 2018), operational permit (granted January 2020) and the Aboriginal heritage pemit which has completed the consultation phase and is under consideration.

Argonaut expects notification in the coming weeks regarding its final access permit prior to drilling five deep drill holes into large, prospective copper targets at Murdie.

The Murdie Project has more than 50 IOCG gravity targets across three exploration domains.

Torrens project


After a multi-year permitting process, Argonauts joint venture partner, Aeris Resources Ltd (ASX:AIS), unilaterally ceased drilling at Torrens in 2019 after two drill holes in an agreed eight to 10-hole program.

Argonaut is focused on sensible pathways to the recommencement of systematic drill testing of the Torrens anomaly under a pro-rata 30:70 joint venture (Argonaut 30%) and is confident that the prospectivity of the Torrens project remains intact.

The Eastern Gawler Craton has persistently rewarded explorers with large, high-grade copper discoveries and Argonaut believes the discovery of an IOCG deposit by a listed exploration company creates a once-in-alifetime opportunity for shareholders.

Lumwana West scoping study


Argonaut is conducting a scoping economic study into production from its Nyungu copper-cobalt deposit at Lumwana West in Zambia.

Flotation test-work has been completed and achieved high recovery from both transitional zone copper minerals (88% recovery) and primary zone copper sulphides (up to 96% recovery).

Saleable concentRead More – Source

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Australia

Core Lithium progresses approvals process for BP33 underground mine

Core Lithium Ltds (ASX:CXO) application for an Environmental Impact Assessment (EIA) for the proposed BP33 underground lithium mine is being progressed by the Northern Territory Environment Protection Authority (EPA).

NT EPA has advised Core that the environmental impact assessment for the underground mine within the Finniss project will be via a supplementary environmental report (SER).

The EPA made the decision under newly introduced environmental protection regulations and after making a thorough and extensive study of the companys Environmental Impact Statement (EIS) of its proposed mine and processing facility.

Strengthening production capabilities[hhmc]
Cores managing director Stephen Biggins said: “The newly re-elected NT Government is to be congratulated on hitting the ground running and meeting timeframes scheduled in the recently implemented EIA process, as well as setting the standard for diligent and timely future assessment.

“Extending our plans beyond the open pit ope..

Core Lithium Ltds (ASX:CXO) application for an Environmental Impact Assessment (EIA) for the proposed BP33 underground lithium mine is being progressed by the Northern Territory Environment Protection Authority (EPA).

NT EPA has advised Core that the environmental impact assessment for the underground mine within the Finniss project will be via a supplementary environmental report (SER).

The EPA made the decision under newly introduced environmental protection regulations and after making a thorough and extensive study of the companys Environmental Impact Statement (EIS) of its proposed mine and processing facility.

Strengthening production capabilities


Cores managing director Stephen Biggins said: “The newly re-elected NT Government is to be congratulated on hitting the ground running and meeting timeframes scheduled in the recently implemented EIA process, as well as setting the standard for diligent and timely future assessment.

“Extending our plans beyond the open pit operations at Grants will only strengthen Cores production capabilities and enable it to become a long-term and successful contributor to the Northern Territorys economy.

“Were serious about extending our lithium production from BP33 because we know the global demand for lithium for electric vehicles and renewable energy storage is there and building. “

Job creating project


Northern Territory chief minister Michael Gunner said: “The Territory Labor Government takes environmental protection seriously – smart environment policy is smart economic policy.

“We are making the Territory Australias comeback capital, and this job-creating project can be a key part of that.”

Biggins said: “When you couple the Finniss Lithium Projects potential with opportunities to plug into efficient energy sources, its proximity to Darwin Port and the quality of the Darwin suburban workforce, its goinRead More – Source

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