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Maiden drilling at West Arunta hints at major IOCG system for Rincon

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Multi-mineral explorer Rincon Resources Ltd (ASX: RCR) believes that drill core picked up from a maiden program of work at its West Arunta project in Western Australia indicates potential for a major iron oxide copper gold (IOCG) deposit. The company finished up a two-hole drilling program at the Pokali prospect, with the second hole – drilled to 634 metres – intersecting multiple zones of moderate to strong magnetite alteration. Within this, they found quartz and sulphide veining with copper sulphide and other minerals, including an array of chalcopyrite, bornite, chalcocite, native copper...

May 6
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Sold out signs go up for RIU Resources Roundup in Sydney

Sold out signs go up for RIU Resources Roundup in Sydney

Investors can see presentations from 90 exploration and other resources-focussed companies at the RIU Resources Roundup in Sydney next week. It provides a unique opportunity for corporates, brokers, fund managers and retail investors to connect with executives from a slew of ASX-listed businesses. Altogether, more than 115 companies will be participating in this year’s event through either a presentation or exhibition booth. Organised by Vertical Events for the past 19 years, the Roundup had a record 2500 delegates last year – mostly from the investor and broker-fund...

May 6
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Tamboran is listing on the NYSE, and Wall Street is paying attention

Tamboran is listing on the NYSE, and Wall Street is paying attention

If you needed evidence that Tamboran Resources (ASX:TBN) is bullish on the NT’s Beetaloo Basin, look no further than its decision to list on the NYSE. Describing its “intention” on Monday, Tamboran is ultimately seeking cash from US IPO watchers to help develop its Beetaloo project. This is probably a sensible strategy. A second year of record drought continues to define Australia’s own IPO market – a topic which isn’t getting much attention right now (despite making this...

May 6
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Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Westpac Banking Corporation (ASX: WBC) has maintained that it’s tracking solidly within the framework of a slowing economy and competition from other banking institutions, as it reported a 16 percent drop in net profit (to $3.342 billion) for the first half of the 2024 financial year compared to the same time last year. There was however some growth from the second half of 2023, with net profits up 5% from that period. Competition within the mortgage sector was evident in the drop of core net interest margin (NIM) by 9 basis points year on year compared to the first half...

May 6
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Mantle Minerals to kick off drilling at Mt Berghaus in WA

Mantle Minerals to kick off drilling at Mt Berghaus in WA

Mantle Minerals (ASX:MTL) has announced it’s kicking off a 122-hole drill run on-site its Mt Berghaus acreage in Western Australia. An aircore rig will be the first to sink holes on-site the tenements in question with all approvals in place and equipment locked in for a start “within weeks.” Those tenements are E47/4531 and E45/5899 under the WA resources regulatory system with drillholes expected to hit around 80m deep. Drillhole target locations were informed by a geophys review conducted last year and the company believes it may have a shot...

May 6
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