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The prospect of Gold!


The global economy is showing signs of an impending recession, or even worse still, a depression. A safe haven investment in these circumstances is gold. Below are a some gold stock to keep an eye on.


From Stockhead:

RED 5 (ASX:RED)


RED announced this monstrous intersection on December 20 from the St George open pit satellite deposit, part of the Darlot operation in WA.

It equals 105 ounces of gold per tonne of dirt.


The St George area was the richest of the historical mines in the Darlot area, yielding 8,000 ounces from a little over 1,000t of ore from 1897-1919 and 1935-1936, the company says.

RED expects to produce between 90,000oz and 105,000oz from its Darlot and newly commissioned 4.75Moz King of the Hills mining operations in H1 2023.


It says the potential development of a satellite open pit at St George will be evaluated at a later date.





TIETTO MINERALS (ASX:TIE)


This fresh gold producer started the year with a bang, announcing this hit – which includes a 1.1m chunk grading 2,853g/t – on January 24 from the Abujar project in Côte d’Ivoire, West Africa.


Here’s what that looks like:

“This fantastic intercept of 1.1m at 2,853g/t gold from our infill drilling program at AG [deposit] is our best achievement to date,” TIE managing director Dr Caigen Wang said at the time.


“This bonanza gold intercept is located close to surface in fresh mineralisation and combined with the multiple high‐grade intercepts we have reported from our infill drilling, it is expected these will have a material impact on the first years of open pit mining at Abujar.”

With construction now pretty much complete, first gold pour at the 3.45Moz Abujar project is pencilled in for this month. The company is forecasting 260,000oz gold production in 2023.





WEST AFRICAN RESOURCES (ASX:WAF)


Fellow West African gold miner WAF announced this intercept December 15 from resource definition drilling at M1 South, part of the low cost ~230,000ozpa Sanbrado operations in Burkina Faso.

It was one of several high-grade hits from M1 South, where an updated resource is due Q1 2023.


“We look forward to releasing WAF’s updated Mineral Resources, Ore Reserves and 10-year production outlook in Q1 2023,” executive chairman Richard Hyde says.

“WAF is in an exciting growth phase, as we aim to a be a multi-project +400,000ozpa gold producer in 2025.”




NOVA MINERALS (ASX:NVA)

This exceptional hit announced in August demonstrates why the RPM project is now the jewel in NVA’s golden crown.

RPM — part of the company’s flagship 9.6Moz Estelle gold trend in the prolific Tintina Belt, Alaska.

Outrageous numbers. That must be up there as one of the best drilling results of the year, if not the decade.

The hits kept coming in 2022. This exceptional 161m, 8.1g/t intercept announced in August demonstrates why the RPM project is now the jewel in NVA’s golden crown.

Current drilling at RPM is expected to increase both the confidence level of the resource and extend mineralisation, NVA CEO Christopher Gerteisen says.

“…an updated Mineral Resource Estimate (MRE) is now being completed, with the inclusion of the high-grade RPM ore in the production schedule expected to have a significant positive impact on key economic metrics in the Phase 2 Scoping Study, now well underway,” he says.

“With long-term opportunity and the prospect of multiple mining centres across the single project, we continue on our path to becoming a world class, global gold producer.”


Nova share price for last 5 years





Financial indicators

The VIX fear gauge up by 1.50 points since 13 November to 21.67.

The Dow Jones Industrial Average down 623 points or 1.86% since 13 November to 33,147, the STOXX 600 down 8.06 points or 2.44% to 424.89 and the Shanghai Composite index up 2.02 points or 0.11% to 3,089.

Gold up to 1,830.10. US 10-year Treasury Bonds up to 3.880 and oil down to 80.51. Cryptos Bitcoin up by 25 points or 0.54% to 16,559.

ASX 200 up 362.30 points or 0.56% since 13 November to 7,038.70. The Aussie dollar up to 68.13 US cents.





Carbon Market Spot Prices

LGC $57.00 STC $39.90

ESC $30.00 VEEC $69.50

ACCU $33.75 EU ETS €83.82

NZU $NZ76.42 UK ETS GBP69.15

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