Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX:LEX) is pleased to announce the results from its Reverse Circulation (RC) drilling campaign targeting the Havelock and Lucky Strike gold targets, which commenced in April 2024.
HIGHLIGHTS
LEFROY CEO GRAEME GRIBBIN COMMENTED:
“The results provide further confirmation of previous geological modelling conducted by Lefroy after drilling campaigns in 2020 and 2022 across the prospective Lucky Strike and Havelock corridors.
“We are extremely encouraged by the similarities to Lucky Strike interpreted at Havelock, which Lefroy views as an emerging gold corridor with mineralisation now identified along a 750m strike zone, with clear room to extend.
“Coupled with our extensive regional aircore drilling campaign planned for late June, we will continue to unlock the potential of the surrounding district to host numerous gold centres and expanding our existing gold resource base.”
LUCKY STRIKE - HAVELOCK DISTRICT
The Lucky Strike – Havelock District straddles the regionally significant Mt Monger Fault, which is a primary control to gold mineralisation in the broader Kalgoorlie terrain. The district extends from Lucky Strike west to Erinmore and incorporates significantly underexplored corridors which are prospective for banded iron formation (BIF) hosted gold mineralisation (Figure 1).
Historic exploration of the BIF trends was limited to broad-spaced, shallow aircore (AC) drilling and previous exploration activity by LEX included the following results.
At Havelock, highly anomalous intersections were recorded in 2022 (refer ASX announce release 7 July 2022):
At Lucky Strike, drilling activity last conducted by the Company (up to 2020) found several significant high- grade gold intersections within 150m (vertical depth) from surface (refer ASX announcement 26 February 2020) including:
LATEST DRILL PROGRAM SUMMARY
The recently completed RC drilling programs at Havelock and Lucky Strike were drilled to follow up significant anomalies identified by the Company from 2017 to 2022.
Sixteen holes were completed for 2,566m. Seven of the holes (for 898m) investigated the potential for continuation of gold mineralisation at Havelock, with the remaining holes targeting the Lucky Strike resource and surrounding anomalous earlier results along strike to the south (Figures 2 and 6).
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This article includes content from Lefroy Exploration 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.
Impact Minerals Limited’s (ASX:IPT) has released its Quarterly Cash Flow Report.
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This article includes content from Impact Minerals, 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.
HIGHLIGHTS
1. Lake Hope, WA (IPT 80%)
2. Arkun-Beau, WA (IPT 100%)
3. Commonwealth Project (IPT 100%)
4. Other Projects
5. Corporate/Finance
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This article includes content from Impact Minerals, 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.
B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") will release its second quarter 2024 financial results after the North American markets close on Thursday, August 8, 2024.
B2Gold executives will host a conference call to discuss the results on Friday, August 9, 2024, at 8:00 am PT / 11:00 am ET.
Participants may register for the conference call here: registration link . Upon registering, participants will receive a calendar invitation by email with dial in details and a unique PIN. This will allow participants to bypass the operator queue and connect directly to the conference. Registration will remain open until the end of the conference call. Participants may also dial in using the numbers below:
The conference call will be available for playback for two weeks by dialing toll-free in the U.S. and Canada: +1 (855) 669-9658, replay access code 5652344. All other callers: +1 (412) 317-0088, replay access code 5652344.
About B2Gold
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.
ON BEHALF OF B2GOLD CORP.
"Clive T. Johnson"
President and Chief Executive Officer
For more information on B2Gold please visit the Company website at www.b2gold.com or contact: Michael McDonald VP, Investor Relations & Corporate Development +1 604-681-8371 investor@b2gold.com Cherry DeGeer Director, Corporate Communications +1 604-681-8371 investor@b2gold.com
News Provided by GlobeNewswire via QuoteMedia
Speaking to the Investing News Network, Kerry Stevenson, host of Making Money Matter, explained why she sold all but three stocks in her portfolio late last year, and what she's doing with her money now.
"I actually cashed in the whole portfolio aside from one coal stock ... and two gold stocks," she said on the sidelines of the Rule Symposium. "I've been sitting in cash up until about two and a half weeks ago, when I've come back in with quite big licks on four stocks, and I've still got some cash where I'm looking at some of the small caps."
One gold stock Stevenson is "very happy" with is Spartan Resources (ASX:SPR,OTC Pink:GYYSF), formerly Gascoyne Resources, which she said has undergone a turnaround since Managing Director Simon Lawson took the helm.
She's also looking outside the resource sector at biotech — Argenica Therapeutics (ASX:AGN) is a stock she likes in that sector. It's developing novel neuroprotective therapeutics to reduce brain damage for people who have had strokes.
Stevenson also discussed trends in Australia's resource sector and why investor education is so important to her.
"If you're not investing your money, you're going backwards. Because inflation is here to stay, and no matter which way you look at it, if you're not trying to get ahead of the inflationary curve, you're going backwards," she said.
Watch the interview above for more from Stevenson on what she's doing with her money.
You can also click here to view the Investing News Network's Rule Symposium playlist on YouTube. Recorded presentations from the Rule Symposium are available here.
Don't forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Spartan Resources is a client of the Investing News Network. This article is not paid-for content.
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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Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, reviewed gold's H1 performance and outlined what factors could drive the yellow metal in the second half of the year.
In his opinion, the sector's east/west divide remains, and will be key to watch as 2024 continues.
"I think that what we're looking at in the second half of the year is whether or not the eastern investor, who doesn't really pay much attention to where US rates are, or real rates are in western markets — they're looking at their homegrown investment requirements — will they stay active and actually continue to make that investment into gold in their investment portfolios," he said on the sidelines of the Rule Symposium.
Watch the interview above for more from Cavatoni on gold market trends to watch right now.
You can also click here to view the Investing News Network's Rule Symposium playlist on YouTube. Recorded presentations from the Rule Symposium are available here.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, 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 gold price has reached historic highs in 2024, rising well above US$2,400 per ounce. For Australian investors, the price of the yellow metal has surged above the AU$3,700 mark in the past few months.
These gains have come as investors anticipate interest rate cuts and against a backdrop of geopolitical turmoil. Gold has also been buoyed by central bank buying, with China, India and Turkey leading the way in the first half of 2024.
For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a safe haven and hence operates as a protective option when building a balanced portfolio.
Gold exchange-traded funds (ETFs) give investors a relatively easy way to get exposure to physical gold without having to worry about the extra hassle of buying and storing the metal — not to mention insuring it. Gold ETFs can also track a basket of gold-focused stocks, allowing investors to spread risk instead of betting on individual companies.
Below the Investing News Network has listed the four ASX gold ETFs and exchange-traded products (ETPs) that provide exposure to physical gold, and the two ASX gold ETFs that offer exposure to gold companies. The ETFs are listed by assets under management, and data was retrieved from each company’s website on July 23, 2024.
Total assets under management: AU$3.14 billion; current share price: AU$33.29
Previously known as ETFS Physical Gold, Global X Physical Gold is an ETP that promises a "low-cost and secure way to access physical gold via the stock exchange," while avoiding the struggle of storage.
The entity is backed by gold held in a London vault by JPMorgan Chase (NYSE:JPM). Investors can redeem shares for physical gold, not just the cash equivalent; however, this comes with a fee of AU$1,000 per redemption. Global X's website suggests that for smaller orders, a more cost-effective option is selling units on the secondary market.
This ETP has a management fee of 0.4 percent.
Total assets under management: AU$875 million; current share price: AU$35.99
Owned by the Western Australian government, Perth Mint Gold is an ETP that tracks the international price of gold in Australian dollars. Investments are backed by gold bullion stored in the Perth Mint. Perth Mint Gold is the only gold product on the ASX that maintains a government guarantee for holdings.
This ETF has a management fee of just 0.15 percent, making it the lowest-cost physical gold ETF on the ASX.
Total assets under management: AU$584.71 million; current share price: AU$19.89
The BetaShares Gold Bullion ETF tracks the price of physical gold. It is backed by gold bullion stored by JPMorgan Chase in London. Although the ETF is based on physical gold, you do not own physical gold by owning the ETF. Rather, when you sell shares of your ETF, you receive the cash equivalent of the gold.
This ETF has a management fee of 0.59 percent.
Total assets under management: AU$564.9 million; current share price: AU$56.28
The VanEck Gold Miners ETF provides investors with exposure to the largest global gold producers and royalty companies involved in the precious metals space. Its top holdings include Newmont (NYSE:NEM,TSX:NGT), Agnico Eagle Mines (NYSE:AEM,TSX:AEM) and Barrick Gold (NYSE:GOLD,TSX:ABX).
This ETF also offers exposure to Australian gold miners, with just over 10 percent of its holdings allocated to Australian gold operators, including Northern Star Resources (ASX:NST,OTC Pink:NESRF).
GDX provides a yearly dividend, currently set at 1.65 percent. The ETF has a management fee of 0.53 percent.
Total assets under management: AU$74.19 million; current share price: AU$6.32
The Betashares Global Gold Miners ETF allows Australian investors to add a diverse range of global companies in the gold mining space to their portfolio by focusing on the biggest ex-Australia precious metals companies.
Its top holdings include Newmont, Agnico Eagle and royalty company Wheaton Precious Metals (NYSE:WPM,TSX:WPM).
This ETF has a management fee of 0.59 percent.
Total assets under management: AU$63.3 million; current share price: AU$35.86
The VanEck Gold Bullion ETF allows investors to enjoy the reliability of the gold market without the need to purchase physical gold. It is backed by physical gold bullion bars sourced from Australian gold producers.
This ETF has a management fee of 0.25 percent.
Don't forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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