NEWS ARTICLES | dgr GLOBAL
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31 August 2024
The first quarter of 2024 saw copper prices make significant gains as concentrate supply became tight and Chinese smelters curtailed production.
Copper prices on the London Metal Exchange (LME) saw upward momentum in the first quarter of the year on the back of tightening supply and increasing demand from the energy transition. After bottoming out at US$7,800 per metric ton (MT) in the fall of 2023, copper prices bounced back to start 2024 in higher territory, but elevated supply kept the red metal trading in the US$8,000 to US$8,500 range until mid-March.
Since then, copper has seen strong gains, reaching a quarterly high of US$8,973 on March 18. With increasing market volatility since the start of April, prices continued trending up to reach US$9,365 on April 10.
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28 August 2024
This recent S&P report presents a sad reflection on our industry where grassroots copper discovery seems to be in an inexorable decline. As the author points out, in the '90's we spent over 60% of our budgets on grassroots exploration and discovered tens of millions of tonnes of copper a year. Since then the proportion of expenditure allocated to grassroots has declined year on year to the point where it reached an all time low of 28% in 2023. No wonder then that in the last decade we have only discovered around 4Mt of new copper deposits. Although actually, there are some significant discoveries yet to be counted (e.g. Vendaval) but they are certainly not huge by historic standards.
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18 July 2024
On the back of yesterday’s (17 July) news, several ASX-listed companies topped up their coffers via capital raisings, securing funding packages, or receiving research and development (R&D) refunds.
DGR Global (ASX:DGR), which holds a 6.6% stake in gold explorer SolGold (LSE:SOLG), entered into a gold only streaming agreement, which sees the company securing a US$750 million ($1.113 billion) financing package for the Cascabel copper gold project in northern Ecuador.
The two-pronged funding package includes US$100 million in short-term funding to progress Cascabel to final feasibility, permitting, and a final investment decision, as well as a US$650 million contribution to develop the project.
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17 July 2024
DGR Global Limited has announced an update on its strategic 6.6% stake in SolGold, which has recently secured a substantial US$750M financing package for the Cascabel Copper Gold project in Ecuador. The update was accompanied by SolGold’s latest corporate presentation, further detailing the project’s progress and prospects. DGR Global, known for creating resource exploration and development companies, continues to foster its investment portfolio, expecting significant development in its various holdings.
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16 July 2024
Resources company creator DGR has shot up 233% in early trade and would normally be at risk for a speeding ticket if it wasn’t for SolGold’s whopping US$750m streaming deal for the development of its Cascabel copper-gold project in Ecuador.
DGR has got plenty of fingers in quite a few pies, and it looks like the SolGold one is super hot right now.
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18 July 2024
Good morning (just), and welcome to Stockhead’s Top 10 at shortly-after-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.
The market opens at 10am (eastern time) and the data is taken as early as we can grab it, once every ASX stock has started trading – for better or worse – and then we do our best to make sense of who’s moving where and why it might be happening.
NEWS ARTICLES | SOLGOLD
05 AUGUST 2025 | SolGold CEO Dan Vujcic joined Red Cloud TV host Mark Bunting to discuss drilling progress, spinout plans, and why the team is focused on building a top-tier copper-gold asset in Ecuador.
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10 September 2025
The price of gold hit yet another record high on Wednesday. Great news for gold miners, but less ideal for their tax bills.
Enter SolGold, a Perth-based copper and gold miner. Both BHP and Newmont (formerly Newcrest) each own about 10 per cent of its shares.
The company has changed its tax domicile to Switzerland, with chief executive Dan Vujcic saying the move will “create a sizeable uplift to post-tax cash flow” over the life of its flagship Cascabel mine in Ecuador.
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02 September 2025
Ecuador-focused SolGold (LON: SOLG) has moved its tax domicile to Switzerland as it pushes its flagship Cascabel copper-gold project into development.
The shift, effective August 28, includes the relocation of chief executive Dan Vujcic to Europe. SolGold delisted from the Toronto Stock Exchange in June, but kept its primary listing in London and is weighing an additional listing as part of its corporate overhaul.
A key element of the restructuring is the consolidation of full ownership of Cascabel under SolGold Finance AG, its Swiss subsidiary. The move brings the project in line with existing royalty and stream agreements, placing 100% ownership under one entity.
“As we advance Cascabel into development, we are not only simplifying and improving our execution plan, but also our corporate structure with the express aim of unlocking substantial value for our shareholders,” Vujcic said.
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24 July 2024
As I flagged last February Solgold’s value had to be unlocked somehow, and the 15 July streaming deal with Franco Nevada and Asisko has done just that. In return for putting up 42% of the estimated start-up capital for its proposed Cascabel mine in Ecuador,, they will take ‘only’ $1.5bn of the $32.3m life-of-mine revenue projected in the latest pre-feasibility study, which assumes gold and copper prices some 25% lower than prevailing now.
NEWS ARTICLES | LAKES BLUE ENERGY
28 FEBRUARY 2023 | Lakes Blue Energy CEO Roland Sleeman says his company has potentially identified the most exciting gas exploration project he has ever come across, which is onshore in Otway, Victoria. “When you look at seismic, the gas-laden sands show up as this magnificent bright golden spot which we can correlate to offshore fields,” he told Sky News host Andrew Bolt. “So we’re quietly confident this will probably be, once we get to drill it, the biggest ever onshore discovery in Victoria.”
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16 September 2025
Lakes Blue Energy NL has provided an update on its drilling operations at the Wombat-5 well in the Gippsland Basin, Victoria. The drilling has reached a depth of 2,200 meters, encountering gas shows indicating a gas-saturated Strzelecki Formation. Despite some technical challenges with the drill bit, the company expects to resolve these issues shortly and continue drilling. The findings suggest promising gas reserves, which could enhance the company’s resource base and market position.
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13 September 2025
Lakes Blue Energy NL has successfully secured $5.8 million through a two-tranche placement, receiving strong backing from both new and existing shareholders. The funds will be directed towards advancing the Wombat Project, which has shown promising gas results, to target immediate cash flow opportunities. This financial boost underscores investor confidence in the company’s assets and development strategy, positioning Lakes Blue Energy NL favourably within the energy sector.
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11 September 2025
Lakes Blue Energy (ASX: LKO), an Australian energy company focused on gas exploration and development, today announced an update on drilling operations at the Wombat-5, side-track-2 (ST-2) well in the Gippsland Basin, Victoria. As of 8:00 am AEST on September 11, 2025, the well has been drilling for 41 days and reached a current depth of 1,899 metres below the rotary table measured depth (mRTMD) and 1,399 mRT true vertical depth (TVD). The horizontal length is 347 metres, with a 24-hour progress of 320 metres.
