Gold Road Resource (ASX: GOR)

The company have released a new udated corprorate presentation in advance of investor meetings to be held in the near future.

The presentation incorporates the recent DGO acquisition. 

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Gold Road	ASX : GOR
Stage	Production   (50% JV)
Metals	Gold
Market cap	A$1.113 Billion   @ A$1.26
Location	Laverton, Western Australia

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Gold Road Resources Release an Updated New Corporate Presentation

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Gold Road Resource (ASX: GOR)

The company have released an ew udated corprorate presentation in advance f investor meetings to be held in the near future.

The presentation incorporates the recent DGO acquisition.

The presentation can be viewed HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds  shares in Gold Road Resources, bought in the market at the prevailing price on the days of uprchase

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Mining Review Sunday Update 10th July

This was the week when the new Chilean government showed their true colours as they disallowed the RIO2 EIA, despite it being recommended at the local level.

Companies commented on included; American Creek, Calidus Resources, Cornish Metals, Gold Road Resources, and Westhaven Gold.  […] 

 

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Mining Review Sunday Update 22nd July

This was the week when the new Chilean government showed their true colours as they disallowed the RIO2 EIA, despite it being recommended at the local level. This caused the RIO2 share price to crash by around half in short order.

The Chilean government and its agencies are sending a really negative signal here, one can only hope that those responsible come to their senses in time to rescue the damage caused by their inexplicable decision.

RIO2 bent over backwards to comply with the required standards, and that led to their undoing as they went the extra mile and mounted cameras outside the required area and those cameras caught wildlife activity, thus shooting themselves in the foot, as that has led to their EIA being suspended,

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Companies commented on included; American Creek, Calidus Resources, Cornish Metals, Gold Road Resources, and Westhaven Gold.

 

Watchlist companies in the news last week

 

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Market Data (US$)

Week on week price changes

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Precious metals

Gold	1743	-3.60%
Silver	19.29	-2.87%
Palladium	2113	+7.81%
Platinum	891	+0.11%
Rhodium	12850	+2.39%

 

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Base metals

Copper	3.55	-5.08%
Nickel	9.99	-4.68%
Zinc	1.43	-2.72%
Tin	11.62	-5.30%

 

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Energy metals

Cobalt	27.1	-14.35%
Manganese	3.6	-7.22%
Lithium	67917	-0.03%
Uranium	49.25	-3.15%

 

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Bulk commodities

Iron Ore	111.1	-3.81%
Coking Coal	276	-10.39%
Thermal coal	397	+8.17%
Magnesium	3868	-1.05%
Lumber	659	+0.30%

 

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Metal ETF’s

GDX	27.06	-3.91%
GDXJ	31.21	-5.57%
Sil	24.86	-6.22%
SILJ	9.16	-5.76%
GOEX  (PCX)	21.84	-5.37%
GLD	162.3	-3.58%
COPX	29.45	-1.14%

 

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Miscellaneous

Au / Ag Ratio	90.61	+2.34%
10 yr Treasury bond (TNX)	3.084	+6.57%
US  index (DXY)	106.9	+1.69%
HUI	216.78	-4.54%
RJI (Rogers Index)	8.36	-1.53%
RJA Agriculture	9.29	+1.98%
RJN Energy	4.26	-3.62%
RJZ Metals	10.05	-1.57%

 

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The Mining Review Sunday Update 22nd July is complete.

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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.

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City Investors Circle Market Review April 2022

The review covers the latest news from the mining and metals markets.

Companies commented on include, Calidus Resources, Gold Road Resources, Karora Resources, and Pirra Lithium.  […] 

 

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City Investors Circle Market Review April 2022

The review covers the latest news from the mining and metals markets.

Gold is under pressure due to the strong dollar, as markets await the first of a few half point interest rate rises, which would be negative for gold if they happen, and they might not of course.

US President Biden seems happy to let the markets drift, whereas Trump was focused on driving them forwards.

Companies commented on include, Calidus Resources, Gold Road Resources, Karora Resources, and Pirra Lithium.

There is a full update on metal prices, where most are drifting (US dollar rising) but some, like zinc are still rising.

The market indices are having a tough time in the US, the UK less so, and in Australia the markets are rising!

Crypto prices are falling across the board.

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To read the Mining Review for the 30th April, including stock watchlist company updates and full market data, please click HERE

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If you need clarification of any information contained in this note, or have any questions about it, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure,

The author holds shares in Calidus Resources, Gold Road Resources, and Karora Resources, bought in the market at the prevailing prices on the days of purchase.

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Gold Road Resources (ASX: GOR)

Reported a 31% increase in ore reserves at its 50 : 50 Gruyere JV with Gold Fields.

The updated open pit ore reserves at the project are reported at 110.4 million tonnes @ 1.28 g/t Au for 4.54 million ounces Au, representing an increase of 31%.

 

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Gold Road Resources (ASX: GOR)  reported a 31% increase in ore reserves at its Gruyere JV with Gold Fields in Western Australia.

The updated open pit ore reserves at the project are now reported to be 110.4 million tonnes @ 1.28 g/t Au for 4.54 million ounces, which is an increase of 1.07 million ounces compared to December 2020.

Gold Road notes that Gruyere mineral resource remains unchanged from the previous December 2020 estimate of 155.8 million tonnes @ 1.34 g/t Au for 6.71 million ounces.

This earlier Mineral Resource included 1.2 million ounces of indicated mineral resources below the ore reserve pit design.

The project’s open pit mine life has also been extended, taking production out to 2032 at a scheduled future average annual production rate of approximately 350,000 ounces Au per year.

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Gold Road Management comments

“This is a material increase in Ore Reserves that further establishes Gruyere as a Tier One Gold Mine.

 

“Very few gold producers can reliably claim such a long-life production outlook with confidence.

 

“The update is the culmination of multiple comprehensive high-quality studies undertaken by the Gruyere Joint Venture.

 

“Gruyere will be amongst the deepest Australian open cut gold mines achieving a final depth of approximately 500 metres.”

Gold Road Resources Managing Director and CEO Duncan Gibbs

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Gold Road has stated that the ore reserve increase was calculated based on the inclusion of indicated mineral resources below the previous ore reserve, and the completion of comprehensive studies carried out between 2019 and 2021.

The Gruyere Project is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd Group which manages and operates the mine.

 

To read the full research report, please click HERE

 

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.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

 

 

Gold Road Resources (ASX: GOR)

Have taken the unusual step of halting their stock due to a “material ore reserve increase” at their Gruyere mine.

This looks to be significant news, and an announcement will be made on Thursday.

 

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Gold Road	ASX : GOR
Stage	Production   (50% JV)
Metals	Gold
Market cap	A$1.19 Billion   @ A$1.35
Location	Laverton, Western Australia

 

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Gold Road Resources Limited (ASX:GOR) (Gold Road or the Company) requests that an immediate trading halt be placed on its securities.

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Gold Road Resources (ASX: GOR) have taken the unusual step of halting their stock due to a “material ore reserve increase” at their Gruyere mine.

This looks to be significant news, and an announcement will be made on Thursday.

 

Gold Road Resources trading halt  text is reproduced below;

 

Gold Road Resources Limited (ASX:GOR) – Request for Trading Halt

In accordance with Listing Rule 17.1, the Company provides the following information regarding the trading halt request:

1. The trading halt is requested pending an announcement regarding the release of a
material increase in the Ore Reserve at Gruyere.
2. Gold Road anticipates that the trading halt will be lifted on or before market open on
Thursday, 28 October 2021 by provision of an announcement to the ASX regarding the
material increase in the Ore Reserve at Gruyere.
3. Gold Road is not aware of any reason why the trading halt should not be granted.
4. The material increase in the Ore Reserve at Gruyere is the Ore Reserve increase that Gold Road has guided the market would be delivered in the second half of 2021. Gold Road is not aware of any other information necessary to inform the market about the trading halt.

 

To read the full news release, please click HERE

 

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.City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email  andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

 

Disclosure

The writer holds stock in Gold Road Resources, bought in the market at the prevailing price on the day of purchase

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