Cashed-up mining specialist private equity funds in the United States and Canada are preparing to buy into gold projects held by ASX-listed juniors starved of capital and funding.
The North American funds’ interest in Australian assets follows a flurry of equity raisings in Canada last month, which saw US-based private equity firms pitch in almost $100 million.
Mr Twigger said private equity interest since January had “been red hot” in gold and there was also interest in nickel and zinc.
Gold has been the best-performing commodity since the start of the year.
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