Tapping into uranium’s future potential
As a vital commodity for countries that use nuclear power, Australia’s next wave of uranium miners are hoping to launch themselves into the export market to capitalise on the potential of a revival in prices.
Australia has the largest uranium resource in the world at 1.174 million tonnes or 34 per cent of the global total.
While it is the third largest producer of the commodity, there are currently only three active uranium mines in Australia as 2021 begins.
The fuel for nuclear power reactors, uranium is a cleaner source of power compared with fossil fuels such as coal and oil.
ASX dividends will be up 30% this year: fundie
Tony Yoo | January 22, 2021 8:00am |
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Dividend shares will make a roaring comeback this year, according to one fund manager.
The Australian share market traditionally pays out higher dividends than its international counterparts because of the favourable tax laws. The high representation on the ASX from big banks and mining companies also helps.
But Tribeca Investment Partners portfolio manager Jun Bei Liu said this week that those payouts were slashed when the COVID-19 pandemic arrived.
“That’s a reason why Australian equities underperformed for a big part of [2020].”
With no idea as to how the virus would impact their bottom lines, businesses had to understandably preserve capital. Many companies popular with income-heavy retiree investors such as
Some of those sectors included tourism, property trusts and hospitals, which she said had already been boosted in some cases, and despite that initial rally, many of those stocks had continued to trade at a meaningful discount to what their intrinsic value was.
“We all use Zoom and there are people not returning to work but in the last six months, despite the lockdown and increased restrictions across many cities within Australia, we’re still seeing office utilisation continue to increase,” Bei Liu said.
“Some of the shorter-term leases in terms of the price over the next six months have escalated meaningfully over the past couple of months – in the next 12 months, we expect that to return to the pre-COVID level.”
No end in sight to El Zorro potential as Tesoro Resources expands gold mineralisation yet again
January 11, 2021
The latest drill results from Tesoro’s Chilean gold project has confirmed the continuity of a wide, open gold zone at Ternera.
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Tesoro Resources (ASX: TSO) has reported drilling at its El Zorro gold project in Chile continues to expand the scale of the project and, in particular, the higher-grade zones.
The latest assays from the Ternera prospect include 220m at 0.86 grams per tonne gold from 76m down hole, including three higher grade zones 39m at 2.73g/t, 15.5m at 5.49g/t and 10.8m at 1.44g/t.
Tesoro Resources assays show Chile prospectâs potential for gold mineralisation from surface to depth
December 16, 2020
New holes and additional sampling from earlier drilling have demonstrated the continuity of mineralisation at the Ternera gold deposit.
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Assays from another seven holes completed by Tesoro Resources (ASX: TSO) at its El Zorro project in Chile have added more evidence of a fast-growing gold resource.
The company also said additional sampling from an earlier hole at the Ternera prospect has revealed an increased mineralised zone measuring 213.5m long, demonstrating the potential for Ternera to be continuously mineralised from surface to depth.
The best assays from the latest drilling results at Ternera include 87.5m at 0.72 grams per tonne gold from a depth of 194.5m, including 34.6m at 1.29g/t and 5.6m at 4.37g/t gold.