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Australia Vs Canada the Big Debate

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Est 1835: Global mining investment and business insight COMMODITIES Lithium: technology meets technology 47 WORLD The top 100 ASX risers 58 OPINION mining-journal.com The show must go on 64 July 15-28, 2016 Australia vs Canada The big debate ASX Code: GCY One of the four big independent gold developers in Australia gascoyneresources.com.au 001CoverMJ160715a.inddUntitled-1 1 1 14/07/201611/07/2016 08:5711:08 ASX code: TNR Developing the gold mines of tomorrow Australian gold exploration and development company Focused on growth by quality acquisitions and low-cost exploration Four advanced projects in the Goldfields Regions of Western Australia torianresources.com.au Torian2.indd 1 08/07/2016 16:14 July 15-28, 2016 CONTENTS WORLD VIEW 11 PEOPLE 5 Est 1835: Global mining investment and business insight ON THE COVER COMMODITIES Lithium: technology meets technology 47 5 Appointments LBMA appoints Fisher WORLD The top 100 ASX risers 11 Keno Hill restart hinged on 58 mining-journal.com OPINION The show must go on chairman; Rutherford to chair Dalradian; July 15-28, 2016 64 streaming: Renegotiating an 22 Australia vs Australia vs Canada existing streaming agreement could Atalaya appoints Sanchez as CFO; Canada: Two great The big debate be the key to Alexco Resource Corp McAlister joins ZincOx as FD; Changes mining nations go restarting production in Yukon at the top for Kefi; New directors join head-to-head to decide Mariana; Former Rockwood duo join who’s the top digger 14 Peregrine higher on Chidliak Lithium X; New investor chief at Barrick; PEA: The share price reached its Flanagan leaves Atlas Iron ASX Code: GCY highest level in almost a year after the One of the four big independent gold developers in Australia 6 Interview Back in development 001CoverMJ160715a.inddUntitled-1 1 1 gascoyneresources.com.au company released a PEA for its MARKETS 63 14/07/201611/07/2016 08:5711:08 Chidliak diamond project MOD: Experienced mining executives Julian Hanna and Terry Grammer join 63 Indices and prices: A rundown forces again in Botswana of the sector scorecard from the MJ BRIEFING 2 past two weeks 2 SolGold’s ’world-class’ intercepts; Banro’s record production; Hedge FEATURES 20 junkies get their fix; ‘Next bull run is 20 Discordant mood music in coming’; Endeavour’s growth plans; Philippines: What’s in the future COMPANY PROFILES Energia ploughs on in Italy; Tahoe puts now a strident anti-mining president 12 Cardinal Resources has been sworn in? faith in Lake Shore Gold; Market takes Cardinal sings golden tunes to Cardinal; Newmarket Gold onto a 21 Vietnam could do with a wake-up 16 Altech Chemicals winner; Pilbara lift-off on China deal; call: TSE Asian country failing to tap From clay to a new-age, must-have material SRK tops the reporting table; EY: ‘How into its geological potential 32 Torian Resources miners can fight volatility’ 56 New Zealand’s best and brightest Eureka moment at Zuleika 58 The top 100 ASX risers 34 Explaurum Ltd Golden triple for explorer OPINION 2 59 Aussie investors bask in better 2 Comment Not so skimpy this year 36 Gascoyne Resources year: Australian miners heading to Gilbeys proves just the tonic for the annual Kalgoorlie gab-fest in a far Gascoyne better mood COMMODITIES 29 38 St Barbara Gold producer poised to be stronger 15 From the Capital Bar set by 29 Gold – as good as it gets: The only for longer thing better than gold at the moment Western Areas too low: St George 40 Ramelius Resources mining keeps hitting nickel but must is gold in Australia Future glitters for star gold miner do more to sate investors 30 Aussie gold stocks on the move 42 De Grey Mining 19 Miner’s right Better times in the 47 Lithium – technology meets Gold development on the horizon for De Grey sandpit: Titanium and zircon prices technology: A breakthrough in 44 Alto Minerals lifting mineral sands miners processing method may transform Explorer set to rise on high-grade gold 51 Critical perspective The core of burgeoning lithium sector exploration: Australian explorers 48 Platypus Minerals 54 Uranium back on Australia’s Global player has many lithium irons have disrupted the niche minerals agenda: Three mines set to become in the fire space more 52 Independence Group NL 64 View from the West End The show 62 Iron ore – it’s all about supply: Independence to have its day must go on: Board-level bureaucracy Cost, not demand, will underpin the 60 CSA Global looks good but means little Building winning reputation as market price forces knock down some rivals Group managing editor Richard Roberts Subscriptions and circulation enquiries Chairman Andrew Kent Editor Chris Cann Tel: +44 (0)20 7216 6099 E-mail: [email protected] Managing director Alex Kent Deputy editor Gareth Tredway Group chief operating officer Ajit Patel News editor Richard Wachman Subscriptions: Annual Follow us on UK: £539 excl. VAT (digital and print); £439 excl. VAT (digital) Group chief financial officer Nishil Khimasia Assistant editor Daniel Gleeson Group general manager Robin Booth E-mail: [email protected] Europe: €755 excl. VAT (digital and print); €614 excl. VAT (digital) Australia: A$1,078 (digital and print); A$878 (digital) Editorial enquiries Tel: +44 (0)20 7216 6060 Rest of the world: US$835 (digital and print); US$680 (digital) Fax: +44 (0)20 7216 6050 Aspermont Media, publisher and owner of Mining Journal Follow us on E-mail: [email protected] Monthly (‘the publisher’) and each of its directors, officers, employees, Group head of production Tim Peters UK: £45 excl. VAT (digital and print); £37 excl. VAT (digital) advisers and agents and related entities do not make @miningonline Senior sub editor Jim Adlam Europe: €63 excl. VAT (digital and print); €52 excl. VAT (digital) any warranty whatsoever as to the accuracy or reliability Australia: A$90 (digital and print); A$74 (digital) of any information, estimates, opinions, conclusions or Sub editor Woody Phillips recommendations contained in this publication and, to the Advertising production Sharon Evans Rest of the world: US$70 (digital and print); US$57 (digital) maximum extent permitted by law, the publisher disclaims E-mail: [email protected] For Mining Magazine subscriptions, please contact all liability and responsibility for any direct or indirect loss Advertising Tel: +44 (0)20 7216 6099 E-mail: [email protected] or damage which may be suffered by any person or entity E-mail: [email protected] through relying on anything contained in, or omitted from, Published by Aspermont Media, 4th floor, Vintners Place, this publication whether as a result of negligence on the part Sales executive Noli Aventajado Tel: +44 (0)20 7216 6086 68 Upper Thames Street, London, EC4V 3BJ. of the publisher or not. Reliance should not be placed on the Advertising sales manager Christine Gill Tel: +44 (0)20 7216 6088 contents of this magazine in making a commercial or other Printed by Stephens & George Magazines, Merthyr Tydfil, UK. decision and all persons are advised to seek independent Senior business development manager Registered as a newspaper at the Post Office. professional advice in this regard. Daniel White Tel: +44 (0)20 7216 6096 © Aspermont Media 2016 Sales director, global portfolio Subscription records are maintained at Aspermont Media Ltd, Media ISSN 0026-5225 Andrew Porter Tel: +44 (0)20 7216 6085 Chancery Exchange, 10 Furnival Street, London, EC4A 1YH, UK Mining Journal • mining-journal.com • July 15-28, 2016 1 01MJ160715.indd 1 14/07/2016 15:39 COMMENT MJBRIEFING FINANCE The Editor The TOP Hedge junkies stories get their fix Not so EXPLORATION Gold miners hedged another SolGold’s ’world- 1.62 million ounces of produc- skimpy tion in the March quarter of class’ intercepts 2016 as 33 companies became this year SolGold has drilled out some net hedgers during the first “world class” intercepts that three months of the year. The have gained it even more atten- gold price, currently at What a difference 12 months can make. When Aussie miners were pre- tion. The latest highlight came US$1,341/oz, has moved up so paring last year for the annual Diggers & Dealers conference in the from hole 17 at the Alpala rapidly this year that the top gold-mining heartland of Kalgoorlie, Western Australia, many manag- deposit, which saw a 948m inter- ends of the zero-cost collar ing directors would have been wondering if it would be their last. section grading 0.54% Cu and instruments put in place only For those in the younger generation of mining leaders, their last 0.53g/t Au, or 1.01% Cu-equiva- months ago are being tested, or with their current company. For industry veterans, they would have lent, from 330m depth. Within have already been surpassed. wondered whether they'd seen their last boom and were signing off this was a 562m width grading The largest new hedger was on their career. If they were, well, what a boom to go out on! 0.7% Cu and 0.75g/t Au from Newcrest, which hedged One of the widely quoted figures at that time was the number of 702m depth. This hole, along 530,749oz of production from ASX-listed equities with less than A$1 million (US$760,000) in the kitty. with the 16 that preceded it, has its Telfer gold mine out to mid- We were told there were many and equity markets offered little hope confirmed mineralisation over 2018 at an average price of of a rescue. So many equities had held on so grimly for so long, rightly 450m width, 700m length and A$1,737 per ounce (US$1,328).
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