CAPITAL MARKETS

Stocks to Watch: May

What to look out for this month

Staff reporter
Stocks to Watch: May

Many exploration companies will likely put out releases this week to coincide with presentations at the RIU Sydney Resources Round-Up.

The event kicks off tomorrow and is expected to be the biggest east coast conference of the year.

The conference will feature more than 90 presenters across two stages over three days with more than 100 exhibitors.

Next week, Investing in African Mining Indaba and 121 Cape Town will return for the first time since early 2020.

Delayed from its early February timeslot due to the Omicron outbreak, Indaba is still expected to attract around 5000 delegates, including a solid Australian contingent.

May will mark the start of production for a number of Western Australian operations.

Calidus Resources should pour the first gold from its Warrawoona gold project in the Pilbara by mid-month.

Elsewhere in the Pilbara, Mineral Resources and Albemarle have guided to first spodumene production from the Wodgina lithium mine.

The pair also expect to produce the first lithium hydroxide from the Kemerton plant, south of Perth.

On Friday, Mincor Resources confirmed that first production from its restarted Kambalda nickel operations would be this month.

Boss Energy is on the cusp of making a final investment decision for its fully funded Honeymoon uranium restart project in South Australia.

Northern Star Resources will report updated resources and reserves this week, which should be a catalyst for the gold miner.

Alkane Resources was due to report the much-anticipated maiden resource for its Boda gold-copper discovery in New South Wales in April, but said staff shortages meant the resource would be delivered in May.

Pan Asia Metals expects to release the maiden resource for its Reung Kiet lithium project in Thailand this month.

Caravel Minerals expects the release the prefeasibility study for its namesake copper project in the Wheatbelt, with a bankable feasibility study to begin shortly after.

The takeovers of gold juniors Alliance Resources and Carawine Resources are progressing.

Gandel Metals had reached 83% of Alliance, while QGold is at 77.7% of Carawine.

The off-market Alliance offer is due to close on June 6, while QGold's on-market offer for Carawine will close on Thursday, unless extended.

April was quiet for new listings but that looks set to change if today is anything to go by.

Allup Silica and OreCorp spin-off Solstice Minerals are due to list today, while Perth-based, West Africa-focused Sarama Resources will dual-list.

US explorer Sierra Nevada Gold will list tomorrow.

Also slated to list this week alone are New World Resources spin-off Koba Resources, while gold assaying tech firm Chrysos Corporation is expected to list later in the week after a $183 million IPO.

Lord Resources, Southern Cross Gold, Bellavista Resources, Aurora Energy Metals, Demetallica, TG Metals, Andean Mining, Bindi Metals, Oceana Lithium and Kingsland Minerals are all due to list before the end of the month.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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