ASX Round-Up: Northern Minerals and Avanco Resources in Focus

Northern Minerals is focused on heavy rare earths, while Avanco Resources is looking to bring the high-grade Antas copper mine into production.
For investors focused on the resource space, a good way to track companies listed in Australia is to look at the S&P/ASX 300 (INDEXASX:XKO). The index includes all S&P/ASX 200 (INDEXASX:XJO) companies as well as about 100 smaller-cap companies, and as of April 2015 accounted for 74 percent of the Australian equities market. Specifically, the S&P/ASX 300 Metal & Mining (INDEXASX:XMM) division is a great source for companies to watch.
The Investing News Network is thus profiling companies on the S&P/ASX 300 Metal & Mining index. This week’s companies are Northern Minerals (ASX:NTU) and Avanco Resources (ASX:AVB).
Northern Minerals is focused on developing heavy rare earths projects, and is particularly interested in dysprosium, which is found at its flagship Browns Range project in Western Australia. Construction is expected to start there in 2016, with initial production anticipated the following year.
Most recently, on August 6, Northern Minerals announced that the Australian government’s Foreign Investment Review Board does not object to Jien Mining making a $49.5-million investment in the company. Jien Mining has already completed due diligence on the transaction, and will now work with Northern Minerals to finalize it.
Brazil-focused Avanco Resources is targeting near-term copper production from the high-grade Antas mine, as well as completing exploration and development work at the Pedra Branca copper project. It’s also on the hunt for additional copper projects.
The company’s last news came at the end of July, when it released its activities report for the most recent quarter. One highlight is that Avanco was able to secure a financing package of about $80 million for the Antas mine. Construction of the mine was also authorized by the company’s board, and around 50 percent of build capex has been committed within budget.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Avanco Resources is a client of the Investing News Network. This article is not paid-for content.
Related reading:
ASX Round-Up: A Look at Silver Lake Resources and Panoramic Resources
ASX Round-Up: Highlighting Sundance Resources and Mincor Resources
ASX Round-Up: Sheffield Resources and CI Resources
ASX Round-Up: An Overview of Kingsrose Mining and Tigers Realm Coal
ASX Round-Up: Spotlight on Elemental Minerals and BC Iron
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1819.01 | +0.44 | |
Silver | 20.78 | -0.04 | |
Copper | 3.77 | -0.01 | |
Palladium | 1973.50 | +104.50 | |
Platinum | 918.00 | +8.00 | |
Oil | 109.41 | -2.35 | |
Heating Oil | 3.94 | -0.17 | |
Natural Gas | 6.47 | -0.10 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.