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Last year might have been full of uncertainty for Australia, but analysts think the Australia mining outlook for 2021 could be brighter.

Click here to read the latest Australia mining outlook.

Uncertainty dominated the Australian mining space in 2020 as the coronavirus hit the world.

Prices for gold and iron ore supported resource exports in the country, and even though tensions with trading partner China escalated, many are optimistic about what 2021 could bring for mining.

Here, the Investing News Network (INN) looks at the Australia mining outlook for the coming year.


Australia mining outlook: Developing local partnerships

Following a chaotic 2020 that proved how resilient the resource industry is, Paola Rojas of Synergy Resource Capital told INN that the current bull market could last until sometime in mid-2021.

“Companies listed locally, but holding mining projects in other countries, resorted to adding local assets to their portfolio,” she said, noting that this was logical given that many company executives have been locked out of their target countries due to pandemic-related restrictions. “That has been a very sensible approach and we applaud the flexibility. I think this will continue.”

Another mining trend Rojas sees into 2021 is a greater reliance on local networks and partnerships.

“If you can’t travel, you depend even more on local teams, partners and advisors,” she said. “Relationships become even more valuable and critical to success.”

For Rojas, Australia is also ideally positioned to take a central role as the electrification trend continues to gain steam, not only regionally, but globally.

“We have the resources, technology, capital and the business savvy, and I hope we can have the strategic foresight,” she said, adding that some players are already in place, such as Lithium Australia (ASX:LIT).

“Electric vehicles (EVs) are at the heart of the transition towards a cleaner future, and if we support this fully, it could revolutionise the country and beyond,” she said. “We still need to do a lot more locally, including at the government level — infrastructure, as well as increasing EVs sold.”

Some of Synergy Resource Capital’s private company holdings in this space, such as Chilean Lithium Salars, are gaining momentum, and Rojas thinks the arena is going to get hotter. Many Canadian companies are rocking the boat as well, Rojas added, including Millennial Lithium (TSXV:ML,OTCQX:MLNLF) and Global Energy Metals (TSXV:GEMC,OTC Pink:GBLEF).

“More partnerships with TSXV-listed companies could certainly pop up considering travel restrictions,” Rojas said. “The perspective of Australian Canadians and Australians is so different — while working in the same business, there could be some great ‘nuggets’ to be found.”

Australia mining outlook: Trading relationship with China

As the new year begins, annual resource and energy exports from Australia are forecast to remain at over a quarter of a trillion dollars in 2021 — at AU$279 billion in 2020/2021 and AU$264 billion in 2021/2022, according to the country’s Office of the Chief Economist (OCE).

But the OCE also highlights that one downside risk is for substantial delays in the successful rollout of COVID-19 vaccines to a large number of the world’s working population; another downside risk is the extent of further disruptions to Australian trade with China.

Tensions between the two began early in 2020, after Canberra backed calls for an international investigation into the spread of the COVID-19 pandemic from China.

The Asian country imports 60 percent of iron ore from Australia, which is the world’s top producer. Coal exports to China could also suffer, while other products, including barley, sugar, red wine, timber and potentially copper, are being caught up in the disputes.

“It is definitely worrying to see how everything escalated so quickly, and how two countries that have relied on each other as extensively can become alienated,” Rojas said.

“It definitely makes things harder for Australia as a supplier, but I do believe having a new occupant at the White House will help assuage the tensions.”

The Synergy Resource Capital founder said she expects to see improvements in the relationship soon.

“But at the same time, this highlights the need to have a plan B, not to replace but to complement the China-Australia trade,” Rojas said. “I have been saying for awhile that Australia needs to diversify by strengthening links with other regions.”

For Rojas, the obvious alternative is Latin America, and she said that 2021 could bring a great opportunity for this connection to develop.

Australia mining outlook: Commodities and factors to watch

When asked about what commodities could have the biggest upside in 2021, Rojas said gold will remain strong given the ongoing global uncertainty.

“Although I don’t think we will see a significant spike, dancing around US$2,000 (per ounce) … every time it climbs, investors quickly get some gains, pulling the price back down,” she said. “We still remain bullish on gold, copper — which will in my view have a brilliant year — silver, plus everything needed for batteries, from lithium to cobalt and nickel.”

Aside from resources, Rojas added that another asset class to be aware of is cryptocurrencies and other aspects of the tech world. “Mining companies have been traditionally (been) roughly about 30 percent of listed companies locally. I expect this trend to continue, but there seems to be quite a push from tech and health (part of which is health tech),” she explained.

Rojas continued, “Both sectors are winners with the current pandemic, since A) we rely even more on technology to conduct our daily lives, and B) high numbers of people falling sick, regardless of what ails them, mean obviously more patients.”

Another trend that investors should keep in mind is the use of technology in mining.

“More companies are combining mining and technology in ways that provide them avenues to reach cash flow on their own for at least part of their capital requirements,” Rojas said. “If this continues, we may be seeing less dilution and stronger firms, which would be nice to see.”

She mentioned Sensore, which is seeking a listing later this year, as worth keeping an eye on.

“Junior mining should be less about blind luck and more about business sense. Producing cash flow should be at the top of the list,” Rojas said. “Don’t be surprised if we see a generation of new companies who are more pragmatic about how they start and how they raise money.”

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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The Investing News Network (INN) spoke with analysts, market watchers and insiders about which trends will impact this sector in the year ahead.
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Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local businesses and representatives from local government to celebrate the official opening of its new community ‘Hub’ in Karratha. Located on Ngarluma country in the heart of Karratha’s CBD, the new Rio Tinto Karratha Hub will make it easier for local …

Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local businesses and representatives from local government to celebrate the official opening of its new community ‘Hub’ in Karratha.

Located on Ngarluma country in the heart of Karratha’s CBD, the new Rio Tinto Karratha Hub will make it easier for local people to connect with our busines.

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people walking past the display board of the sydney exchange square
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The Australian Securities Exchange is home to diverse companies and has a market cap of more than AU$2.5 trillion. Where did it all begin?

The Australian Securities Exchange (ASX) is headquartered in Sydney, Australia, and is home to over 2,100 companies. Led by some of the world's major resource, technology and financial corporations, the ASX boasted a domestic market cap of over AU$2.5 trillion as of the beginning of 2022.

The ASX acts as a market operator, clearing house and payments facilitator. It allows for the trading of a wide variety of securities, including shares, bonds, futures, options, exchange-traded funds, index derivatives and listed investment companies. The ASX mandates compliance with its operating rules and encourages high standards of corporate governance among Australia’s listed companies.

Ranked by market cap, the top 10 major stocks traded on the exchange are BHP Group (ASX:BHP), the Commonwealth Bank of Australia (ASX:CBA), CSL (ASX:CSL), National Australia Bank (ASX:NAB), Westpac Banking (ASX:WBC), Australia and New Zealand Banking Group (ASX:ANZ), Macquarie Group (ASX:MQG), Fortescue Metals Group (ASX:FMG), Wesfarmers (ASX:WES) and Telstra (ASX:TLS).


Depending on global market fluctuations, the ASX normally ranks as the 16th or 17th largest national stock exchange in the world. In addition, it's the largest interest rate derivatives market in Asia, and one of the largest in the world, with total futures and options contract exposure nearing AU$50 trillion.

History of the ASX: How the exchange began

The first Australian stock exchange was established in Melbourne in 1861. Over the course of the next few decades, five additional regional exchanges located in various Australian state capitals came into being: Sydney in 1871, Hobart in 1882, Brisbane in 1884, Adelaide in 1887 and Perth 1889.

The first interstate stock exchange conference was held in Melbourne in 1903; it brought together representatives of the Sydney, Brisbane, Melbourne and Adelaide stock exchanges. The remaining two in Hobart and Perth would soon join the annual event. The six state exchanges continued to trade independently of each other, however, until 1937, when the Australian Associated Stock Exchanges (AASE) was established.

This was a milestone that brought Australian stock trading into closer alignment with global standards through the implementation of uniform listing requirements, broker regulations and commission fees. The AASE also set official guidelines for government and corporate bond issues.

This led to the creation of the first Australian consolidated share price index in 1938; it was a forerunner to the establishment of the All Ordinaries Index (INDEXASX:XAO) in 1979. Commonly known as the "All Ords," the new index replaced the six regional indices and became Australia's first official national share price index.

Importantly, this act not only consolidated share trading into a single structural framework, but also created a comprehensive institutional benchmark that promoted greater visibility and clarity for domestic and international investors. The base value for the All Ordinaries Index was set at 500 and trading began on January 2, 1980.

Australian stock trading then entered the modern era with the foundation of the Australian Stock Exchange in 1987. The company came into being through legislation passed by the Parliament of Australia, which authorised the fusion of the six independent state-based exchanges into a single body.

In 1998, the ASX became a listed corporation, which transformed former exchange members into shareholders. The ASX floated its shares on its exchange at an initial price of AU$4, thus becoming the first stock exchange in the world to become a publicly traded company.

In 2000, the ASX took the critical step of replacing the All Ordinaries Index with the creation of the S&P/ASX 200 Index (INDEXASX:XJO), which immediately became the primary institutional benchmark for the Australian market. By joining forces with Standard & Poor's, long recognised as the global leader in ensuring liquid and efficient trading markets, the ASX helped raise its profile as one of the world's leading exchanges.

Finally, in 2006, the Australian Securities Exchange was created with the merger of the Australian Stock Exchange with the Sydney Futures Exchange. The new name — ASX Limited — was introduced to reflect the new entity's expanded product range. The Australian Securities Exchange has come to be known by its three-letter listing, ASX.

Today, the S&P/ASX 200 is the most widely followed Australian market index by professional investors, and consists of the top 200 companies on the ASX. The ASX 200 is commonly quoted alongside the All Ordinaries Index, which is a more broadly based market index consisting of the 500 largest companies on the exchange.

The metals and mining sector, led by global giants BHP, Fortescue and Rio Tinto (ASX:RIO), is the most heavily weighted portion of the ASX exchange. Accordingly, fluctuations in world commodities prices play a major role in share price movements in this sector, which has a relatively larger corresponding impact on the ASX as a whole.

History of the ASX: Major ASX index falls

As has been the case with virtually every major global stock exchange over the past century, the ASX and its forerunners have experienced their own series of major booms and busts.

On October 19, 1987, "Black Monday," a selloff in the US stock market driven by computerised trading, caused a global wave of panic selling that saw the All Ordinaries Index plunge 516 points, or more than 25 percent. The index fell by a staggering 50.5 percent from the beginning of October to November 13.

On November 2, 2007, the S&P/ASX 200 reached a record intraday trading high of 6,851.5 before plunging 54.5 percent in the year 2008 owing to the global financial crisis. The ASX 200 would go on to record its worst single-day trading loss in history on October 10, 2008, when it fell 8.3 percent.

Most recently, the S&P/ASX 200 set a new one-day trading loss on October 16, 2020, when it fell nearly 10 percent amid COVID-19 fears and news that the US Federal Reserve had cut interest rates to near zero.

Despite these major meltdowns, the ASX 200 reached an all-time closing day high of 7,628.9 on August 13, 2021.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Harold Von Kursk, currently hold no direct investment interest in any company mentioned in this article.

Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions. Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave technology to convert iron ore to metallic …

Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions.

Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave technology to convert iron ore to metallic iron during the steelmaking process. The patent-pending process, one of a number of avenues the company is pursuing to try to lower emissions in the steel value chain, is now being further tested in a small-scale pilot plant.

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TG Metals Completes Successful $6M IPO to Advance “Forward Facing Metals” at Lake Johnston

OVERSUBSCRIBED $6M CAPITAL RAISING COMPLETED

Nickel, lithium and gold focused explorer, TG Metals Limited (TG Metals or the Company) (ASX:TG6), is pleased to announce the successful completion of its initial public offer to raise $6,000,000 via the issue of 30,000,000 ordinary shares at A$0.20 per share (Public Offer).


  • TG Metals Limited shares commence trading on the ASX at 11:00am AWST, 26 May 2022 under the code TG6
  • The Company successfully raised $6M under its IPO, at an indicative market cap of $11.4M
  • The Company’s main focus is the 100% owned Lake Johnston Project in Western Australia
  • The Lake Johnston Project covers approximately 50km strike of greenstone with an historical nickel focus and growing lithium prospectivity

Proceeds from the Public Offer will primarily be used to fund exploration activities on the Company’s wholly owned Lake Johnston Project located approximately 120km west of Norseman in Western Australia, encompassing 50km of prospective Lake Johnston greenstone belt. The exploration activities are aimed at defining nickel, lithium and gold mineralisation along known ultramafic, mafic and felsic host rocks.

The Company will commence trading today on the Australian Securities Exchange (ASX) at 11:00am AWST under the ASX code TG6. TG Metals wishes to thank its Lead Manager to the Offer, Barclay Wells, together with Trident Capital as Corporate Advisors and AGH Law as Legal Counsel.

TG Metals’ Chairperson, Richard Bevan, said:

“On behalf of the Board and Management of TG Metals, we welcome all shareholders to the Company at what is an exciting time of growth for the forward facing metals market. TG Metals has a strong board and experienced management and is ready to execute our exploration strategy at the 100% owned Lake Johnston Nickel Project in Western Australia.

"The Project is located within a highly prospective area of greenstone belt with recent past nickel production. It is prospective for both nickel and lithium discoveries, and our aggressive exploration strategy bodes well for near term discovery potential and optionality into multiple commodities.

We look forward to undertaking our planned exploration programs and keeping our shareholders updated with our progress.”

Authorised for release by TG Metals Board of Directors.

About TG Metals

TG Metals is an ASX listed company focused on exploring for nickel, lithium and gold at its wholly owned Lake Johnston Project in the stable jurisdiction of Western Australia. The Lake Johnston Project boasts proximity to current and past producing nickel mines and processing plants, and geochemical and geophysical targets for immediate exploration.

Contact

Mr. David Selfe
Chief Executive Officer
0439 030 921
info@tgmetals.com.au


Investor Relations

Evy Litopoulos
ResolveIR
Email: evy@resolveir.com


Click here for the full ASX Release

This article includes content from TG Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

TG6:AU
Winsome Resources CEO Chris Evans

Winsome Resources CEO Chris Evans said, “Canada and the US are working feverishly to develop an internal battery materials supply chain and we think we're going to play a critical role in that.”

Winsome Resources CEO Chris Evans: Sustainable Hardrock Lithium Opportunities in Quebec youtu.be


Winsome Resources (ASX:WR1) CEO Chris Evans joined the Investing News Network to discuss the company and its Cancet lithium project in Quebec, Canada.

"We listed on the ASX on November 30, 2021," he explained. "We're lithium focused but based in Canada, and we've been pretty successful in the last six months — our share price has done well. I think I've been putting this down to the success factors which we possess as a company, including the fact that we're into lithium at a moment with high demand. Any mining company that's associated with lithium has tended to do well.

“Our assets are in Quebec, a fantastic mining jurisdiction for all sorts of reasons. Also, being listed on the ASX — Australian investors tend to like early stage plays a bit better. They've certainly woken up to the electric vehicle and lithium revolution that's occurring in the world. And it's a pleasure having the assets in Canada.”


Next, Evans got into specifics about the company's flagship project. “The Cancet project is our flagship, in the James Bay region of Quebec. All our projects are hard-rock lithium; that's digging the rocks out of the ground and concentrating the lithium in them. Then it gets converted into the final product, which is lithium carbonate or hydroxide, that then goes into electric vehicle batteries,” he explained.

“Cancet’s had about 5,500 metres of drilling done on it historically, so we know that there's a great deposit of lithium at fantastic grades. It outcrops on the surface, the lithium-containing spodumene from the pegmatite rock, where we have 3.7 percent lithium oxide over a 17 metre interval from the surface at our most successful drill hole. We just completed 2,000 metres of drilling ourselves, increasing our knowledge of the orebody that's there, and also looking for extensions to the orebody. We've got 395 claims, and our drilling and exploration is only over about 15 of the claims. So we've got a lot further to look here and a lot more to develop.”

As for supply location, and the company's relationship with the international market, Evans said, “We think it's fantastic for us, and our shareholders, that we have assets in Quebec. Roughly 50 percent of the world's hard-rock lithium comes from Australia, where it’s mined and concentrated. The problem is that final conversion into lithium carbonate or hydroxide all occurs at the moment in China ... lithium is on the critical minerals list in Canada, the US and Australia, and Canada and the US are working feverishly to develop an internal battery materials supply chain. We think we're going to play a critical role in that.”

Elaborating on the sustainability industry that drives the battery revolution, he said, “(Nearly) all power in Quebec is generated by hydroelectricity and renewable forms of electricity. That’s very important, because the mining and concentration process for lithium products traditionally produces a large carbon footprint, because it's energy intensive. The EU, from 2024, has mandated that all batteries are labeled with the carbon footprint of all the materials that are contained within them. Then, by about 2026, there's specific targets that batteries have to meet in order to be sold in the EU. If you don't have a renewable source of energy to produce your lithium products that go into those batteries, it's going to severely restrict your markets — and that's another bonus for us being in Quebec.”

Evans said that Winsome Resources’ approach is to develop a mine itself, rather than selling or partnering. “We will approach this as if we are going to be developing the Cancet project, and producing lithium ourselves, in four or so years. And I think that'll best serve our shareholders.” With regards to other ways the company could benefit investors, Evans said, “Being listed on the ASX, and having access to a lot of capital, I think there's a great opportunity for us to acquire other projects in Canada. We're about to start our summer exploration. And we're on the lookout for a new project. So I think the good news is really to come.”

Watch the full interview of Winsome Resources CEO Chris Evans above.

Disclaimer: This interview is sponsored by Winsome Resources (ASX:WR1). This interview provides information that was sourced by the Investing News Network (INN) and approved by Winsome Resources in order to help investors learn more about the company. Winsome Resources is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Winsome Resources and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

WR1:AU

Where are the silver mines in Australia? You might be surprised to learn that the country is home to one of the world’s top primary silver producers.

Mining is a big part of Australia’s history, and it continues to shape the country’s economy and position in the world today. The nation is one of the world’s top producers and exporters of resources, with coal, uranium, copper and gold being some of its best-known commodities.

Australia is also a key producer of silver — it was the world’s fifth-largest producer of the metal in 2021, tied with Russia, putting out 1,300 MT. Interestingly, most of Australia's silver is produced from silver-bearing galena, but some is also produced from copper and gold mining.

Refined silver comes mainly from the Port Pirie lead smelter and refinery in South Australia, though silver is also refined at gold refineries in Perth, Kalgoorlie and Melbourne.


But where are the silver mines in Australia, exactly? While it’s interesting to know what types of deposits the precious metal is found in, many investors want to know what companies are producing silver and where their mines are located geographically. Read on to find the answers to those questions.

Where are the silver mines in Australia?

Silver has played a role in Australia since the mid-1800s — Wheal Gawler, Australia’s first metal mine, was a silver-lead mine developed in South Australia in the 1840s. And that’s not Australia’s only early silver-mining operation — the Broken Hill deposit in New South Wales and the Mount Isa deposit in Queensland are two other early Australian silver discoveries.

Broken Hill, a lead-zinc-silver deposit, was discovered in 1883 by German immigrant Charles Rasp, and the Broken Hill Proprietary Company was born in 1885; it ultimately merged in 2001 with another mining giant, Billiton, to form BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT). BHP Billiton is no longer involved with Broken Hill, but ore is still being extracted there today. Perilya now runs the southern and northern operations.

For its part, Mount Isa was discovered in 1923 by John Campbell Miles, and like Broken Hill is still producing today. It was acquired by Glencore (LSE:GLEN) in 2013 and in addition to silver is also a producer of zinc.

These major early Australian silver discoveries are not the country’s only sources of silver. Other silver mines in Australia include Cannington, one of the world’s top primary silver producers. It’s a fly-in, fly-out mining and processing operation that is owned by South32 (ASX:S32,LSE:S32), a diversified resource company spun out from BHP Billiton in 2015. Cannington also produces lead and zinc.

Australia holds the McArthur River mine as well, which opened in 1995 and is owned by Glencore subsidiary McArthur River Mining. The mine is one of the world’s largest zinc-lead-silver mines, and is located in Australia’s Northern Territory.

Glencore’s 2021 annual report claims total silver production reached 31.519 million ounces for the year, representing a 4 percent drop from 2020. That includes 625,000 ounces from McArthur River.

The Century mine, which previously belonged to MMG (HKEX:1208), shut its doors at the end of 2015, but was a major producer of zinc (and silver) until that time. It was reopened in mid-2018 by New Century Resources (ASX:NCZ) and the company says it now has an estimated annual production capacity of 264,000 tonnes of zinc and 3 million ounces of silver.

Independence Group (ASX:IGO) also produces silver, along with copper and zinc, at its Jaguar operation in Western Australia. Gold producer Silver Lake Resources (ASX:SLR) owns some projects with silver reserves as well. As you can see, there are and have been many silver mines in Australia.

Future silver mines in Australia?

In addition to being home to a slew of large silver mines, Australia also plays host to many companies that are exploring and developing silver projects. Below are a few that have made recent progress.

Please let us know in the comments if we’ve forgotten to mention any Australia-focused silver companies. All companies listed had market caps of at least AU$5 million on May 19, 2022.

Argent Minerals (ASX:ARD) — Argent Minerals’ main asset is its 100-percent-owned Kempfield polymetallic project in New South Wales. In May 2018, the company announced an updated resource estimate for the asset — its silver equivalent contained metal now stands at an estimated 100 million silver equivalent ounces at 120 g/t silver equivalent; that’s approximately double the previous estimate.

In total the company has three projects, with all of them being in New South Wales.

Investigator Resources (ASX:IVR) — Investigator Resources is advancing silver, copper and gold deposits in South Australia. Currently its properties include the Peterlumbo/Paris silver project, the Eyre Peninsula and Stuart Shelf projects and the Northern Yorke Peninsula projects.

The total resource for Paris stands at an estimated 18.8 million tonnes at 88 g/t silver and 0.52 percent lead for 53.1 million ounces of contained silver and 97,600 tonnes of contained lead (at a cut off of 30 g/t silver). The indicated component is 12.7 million tonnes of silver (95 g/t) and represents 73 percent of the total estimated resource ounces.

Horizon Minerals (ASX:HRZ) — Horizon Minerals owns the Nimbus silver-zinc project in Western Australia. Nimbus has a high-grade silver-zinc resource estimate of 255,898 tonnes at 773 g/t silver and 13 percent zinc; the total Nimbus resource stands at 1.21 million tonnes at 52 g/t silver, 0.9 percent zinc and 0.2 g/t gold.

Silver Mines (ASX:SVL) bills itself as a leading Australian silver exploration company, and has spent a considerable amount of time acquiring Australian silver projects. Those include Malachite Resources’ (ASX:MAR) Conrad project and Kingsgate Consolidated’s (ASX:KCN) Bowdens silver project.

While the company’s main focus has been on the Webbs silver project in New South Wales, the Bowdens project represents the largest undeveloped silver project in Australia, and Silver Mines is working to get the project through the feasibility, environmental impact statement and permitting stages.

In a 2018 report, the feasibility study demonstrated an average silver production of 3.4 million tonnes per annum for the project, with 5.4 million during the first three years of operation. Estimations also included 6,900 tonnes of zinc and 5,100 tonnes of lead.

This is an updated version of an article first published by the Investing News Network in 2018.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Ryan Sero, hold no direct investment interest in any company mentioned in this article.

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