Is the worst over?

Is the worst over?

BoomCrashClock

Resource stocks have been rallying in recent weeks, with miners across all sectors – even the bottom end – enjoying gains.

Australia’s largest resource stock, BHP Billiton, hit a 2016 high today by rising more than $A20 – quite impressive when you consider the stock was threatening to fall below $14 in January.

While gold players have come off the boil, with many reaching 2016 (or in some cases, all-time) highs last month, almost all are much higher now than their 2015 closing prices.

Morgans analyst Adrian Prendergast noted this was the second re-rating event in resources to occur so far this year.

“The injection of positive sentiment has been enough to help commodity prices stabilise, which in turn we expect will be enough to pull us out of the downgrade cycle that has been undermining confidence in resources,” he said.

Prendergast noted that the improvement in some commodities had caught many by surprise.

Many thought the gold price was destined to dip below $US1000 an ounce this year, and there was almost no one who would have tipped an iron ore price of $60/t.

“We expect sentiment had become weak to such an extent that we are now likely to see a widespread ‘relief rally’ unfold across the sector, which could continue in fits and spurts throughout the remainder of 2016 carrying commodities to more sustainable (higher) levels.”

ANZ Research noted last week that while commodities had been one of the best-performing asset classes this year, the issue of oversupply remained, particularly in iron ore and coal.

“Whether commodity markets continue to move higher from here or suffer a reversal will be dependent on supply,” ANZ said.

“The recent rally raises the risk of previously curtailed supply being reactivated. In markets such as industrial metals, margins are improving quickly enough to see that occur in the short term.

“Whatever the case, the sustainability of this current rally will be reliant on how each supply side of the market reacts over the coming months.”

Morgans believes that now is the time for investors to “dip your toe back into the sector”.

It seems that many are, with positive early signs emerging across the sector.

MNN has noticed a substantial pick-up in the quantum and value of capital raisings, and in a further positive sign, many have been oversubscribed.

Most notably was Pilbara Minerals’ $A100 million raising, while Western Areas raised $70 million.

Gold developer Gascoyne Resources secured $15 million, while West African Resources was “swamped” with investor interest after a run of high-grade results, last week raising $12 million.

To earlier stage projects, Salt Lake Potash boosted its $5.2 million raising to $8.4 million on high investor interest, while Hastings Technology Metals scored $9.6 million off the back of a prefeasibility study.

At the much smaller end, raisings by Core Exploration, St George Mining, Helix Resources, Tyranna Resources, WPG Resources, and Liontown Resources were oversubscribed.

All of these signs have led Lion Selection’s Hedley Widdup to declare the time as 5 o’clock on the firm’s investment clock.

“The clock has moved from 4.30 in late 2015 to 5 o’clock now in reflection of improved liquidity for miners,” he told MNN.

“This time is just before the boom starts to take place, so we are saying the stage is set.”

Widdup said the cycle had bottomed.

“Investors broadly have changed their view toward miners, and the realisations that miners are 1) cheap and 2) probably have very little downside on price, have now set in,” he said.

“The conclusion is not centred on the longevity of the recent rally – the rally is only an important piece of evidence.

“Capitulation is over, and strong cash generation and growth appetite in gold is likely to lead to more balance sheet-funded M&A.”

Original article by Kristie Batten of MiningNews.net view the original article here

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Exports Surge on the back of Mining Technology

Exports Surge on the Back of Mining Technology

mining technology

Mining has long been thought of as a business of shovels and sweat, but in reality it is now driven by advanced mining technology and sophisticated software. Resources-linked technology is also one of the great unsung export success stories. At present, about 60 per cent of the mining software used around the world originates in Australia.

According to an Austrade report, “Mining Software and Related Technologies”, exploration and mining software (EMS) generates more than $600 million a year from mining-related revenues, more than $240 million of exports, and directly employs more than 2500 people.

The size and type of EMS firms varies, with 100 companies in the sector, ranging in size from less than $1 million to more than $100 million in annual sales. The sector is concentrated in Western Australia (45 per cent of businesses) and Queensland (30 per cent).

Australia is seen as a world leader in this field,” says Simon Ratcliffe, product development director of Maptek, an Australian-based international company. “Australians have a can-do attitude and the capacity to think across traditional borders rather than in niches, and that is very important for global miners.”

Original article by Derek Parker of the Financial Review view the full article here

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Case Study – Taking the pain out of Data Management

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Case Study

A small Australian gold and REE explorer with projects in southern Africa

PROBLEM

  1. MS Excel based logging system was struggling to keep data consistent with the multiple versions of logging templates.
  2. No data flow control mechanisms.
  3. Fragmented data that was stored in many different formats including CSV, Access, Mapinfo and AcQuire.
  4. A non-centralised database was causing incomplete datasets to be used in resource estimation reporting. Some lab results were not being used as they were only located during Expedio’s migration process.
  5. Historic data from several previous project owners had created unconformity in the dataset. Local grid conversions have been mismanaged and not correctly implemented to the collar coordinate data.
  6. Lack of in house skills and IT infrastructure.

SOLUTION

Database solution – Expedio hosting with routine extracts and reports to client

OCRIS Operational Unit (OOU): Expedio implemented a centralised fully hosted OCRIS Operational Unit

OCRIS Mobile: Anywhere data logging solution customised with the client’s business rules, validation and formulas,.

OCRIS Toolbox:  Consolidated all data into one database. Using OCRIS Toolbox users can now access a variety of summary activity reports, QC analysis tools and strip log functionality to browse, report and export their data on demand.

OCRIS Logix: A stringent data management process from field logging to data management with a full, demonstrable audit trail.

Expedio Hosting: Expedio hosts one centralised database and manages all of their project data

OUTCOME

Scalable solution – By implementing the OOU the Expedio’s scalable solution will easily grow with the global expansion of the company.

Data Capture – Field logging process delivering a clean, controlled and rapid flow of data with errors trapped and corrected at the point of data capture by the user

Data Management – Regular updates using accurate datasets are always available on short notice, freeing up time for managers to do what they do best, plan, model, interpret and manage their project development, while outsourcing the skills, hosting and IT infrastructure overheads to the experts at Expedio.

Support – 24 hour support ensures the client has peace of mind knowing a solution to any data management challenges can be delivered rapidly avoiding any major issues.

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Expedio News – Daily Dashboard Reports

Expedio Monthly News

This was the March 2016 issue of Expedio’s Monthly News. Highlights were:

daily dashboard reports

Daily Dashboard Reports

Introducing customised high level reports for all Expedio clients. The Daily Dashboard Reports are a fully interactive reporting system. It allows executives, managers and supervisors the ability to see live reports on the go.

Key features include:

  • Management reports on the go
  • Drilling and Production summaries
  • Daily budget analysis
  • Interactive, app and web based
  • Fully customisable to your needs

Watch a short demo below of our Interactive Daily Dashboard Reports

Now is the time to upgrade! 
Why migrate sideways when you can migrate upwards to the leading edge OCRIS data management solution. Engage with Expedio and benefit by having access to the latest technology and industry knowledge along with ongoing cost savings that you can’t ignore.

See the full newsletter here

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Expedio Top Tip – Data Capture

Data Capture

Expedio’s Top Tip for March better Data Capture:

reusable data jigsaw data capture

Data capture is one of the most important processes in data management. Getting it right at the point of capture will negate many errors before they become a big problem further down the process stream.

A data capture tool should enforce strict standards on a user to only allow valid data to be entered. For example:

  • Enforce company codes – pick lists to fields to ensure adherence to company logging standards and avoid a situation of people creating their own geology codes.
  • Built in validation rules to allow worksheet checks, this provides the ability to define contextual checking of data within and across multiple worksheets. Validations will allow you to check for:
    • Overlapping or missing intervals
    • Invalid dip/azimuth/grid values
    • End depth checking
    • Invalid sample types or groups
    • Contextual or logical checking across data columns
  • Manage data flow – only allowing a user to export data once from a logging tool to avoid a double up in data in the production database and creating an issue of multiple data sets. Which data set is correct?

OCRIS Mobile allows for all of this and more, OCRIS Mobile has an unbeatable range of features combined with rock-solid data validation and management. OCRIS Mobile is the only choice if you want fast, accurate and dependable exploration or mining logging in the field.

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Expedio – Always Accurate Data

RIU Explorers Conference Wrapup

RIU Explorers Conference Wrapup

RIU Explorers Conference

RIU Explorers Conference held last week in Fremantle was a fantastic event for both the technical presentations and an opportunity to reconnect with old friends and colleagues.  The focus this year was on Lithium with a broad spectrum of presenters from junior explorers to major producers, with gold and base metal resource companies also well represented.

The Expedio booth was well attended with a lot of interest and positive feedback for our new interactive dashboard reporting.

Metals X were the recipients of this year’s Craig Oliver Award for general industry excellence and the winner of the Expedio wine prize was Peter Cash from Millennium Minerals. Congratulations to Metals X, Peter Cash and thank you to the event organisers, sponsors and attendees.

RIU Explorers Conference Winner

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Expedio – Always Accurate Data

Gold Bar found in German lake

Lucky Teenager finds Gold Bar….. in lake

Gold Bar

Only if it was this easy to explore for Gold, we would like to say it was because of OCRIS but that would be a lie.

A teenage girl in Germany will be allowed to keep a gold bar worth $25,000 AUD found in a lake after the owner could not be identified, police said.

The 16-year-old found the 500g gold bar at a depth of about 2m while swimming near the shore of Bavaria’s Koenigssee lake last August.

She handed it into police, who were unable to find the owner.

It is still not clear how the bar ended up in the lake.

A six-month investigation could not identify the owner and, as a result, the teenager will be allowed to keep the gold. The girl has not been identified.

The bar’s identity number had been defaced but officials managed to restore it, German media reported.

The find revived rumours of Nazi gold supposedly lost in the lake, near Germany’s southern border with Austria, but reports said the find was not connected to the Nazi era.

Original article from the BBC and can be found here

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OCRIS Mobile 3.1.8 Release

OCRIS Mobile 3.1.8 releaseOCRIS mobile

OCRIS Mobile 3.1.8 release is here, providing great new user functionality and improved development to the database engine;

  • The addition of a Site list filter in the selection pane. This allows the user the ability to filter when Site lists become too large.

site list filter

  • Updated the application status text, so that users can immediately see which logger is active.
  • Updated the underlying SQLite engine, this will increase the performance of the underlying database engine by at least 60%.
  • Minor bug fixes.

Learn more about OCRIS here or view a short demonstration video below.

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Giant Diamond Found by Lucapa

Lucapa finds giant diamond

giant diamond

The company recovered a 404.2 carat diamond during alluvial mining at Mining Block 8, above the high-priority L259 kimberlitic signature, at the Lulo concession in Angola.

The giant diamond has been confirmed as a top-tier Type IIa D-colour gem.

Lucapa said it was the biggest diamond ever uncovered by an Australian company, and was the 27th biggest recorded diamond in the world.

The previous largest diamond recovered at Lulo was 133.4 carats, found only weeks ago.

The diamond represents the fourth 100-plus carat diamond found at Lulo since mining began in August 2015, and the 114th large special diamond.

Lucapa’s average selling price for run-of-mine diamonds has been $A2360 per carat, but this stone is expected to go for much more.

Lucapa CEO Stephen Weatherell said the company (40%) and its partners Endiama (32%) and Rosas & Petalas (28%) were proud of the find.

“We have always emphasised the very special nature of the Lulo diamond field and this recovery – together with the other 100 carat-plus diamonds recovered this year alone – is further evidence of that,” he said.

Original article by Kristie Batten of MiningNews.net, click here to view the full article

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Expedio – Always Accurate Data