Lithium Related Media Articles, page-28030

Critical minerals take back seat in WA as gold hits record prices
By Jarrod LucasABC GoldfieldsTopic:Gold 3h ago

In Australia's resources sector, Tim Goyder has been the man with the Midas touch in recent years.

At one point in 2023, his stock holdings in one-time market darlings Liontown Resources and Chalice Mining saw him become a paper billionaire with an estimated net worth of $1.09 billion.

But as fast as the Perth-based mining investor joined the Australian Financial Review's annual Rich List, such is the swings and roundabouts of commodity price cycles, he slipped off.

That is not to say Mr Goyder has lost his golden touch, but his personal fortune reflects the downturn in critical minerals such as lithium and nickel.

"Two years ago, everyone was saying lithium was the thing to be in, which I still believe," he said.

Lithium's dramatic slump was underlined this month when Liontown received a state government support package in the form of waivers on port charges and tenement fees, as well as a $15 million interest-free loan until prices recover."It's gratefully received from the WA government," Mr Goyder said."They recognise it is an early mover industry, and every bit helps while lithium prices are low, but long term I think we've got a very, very good business."

In the meantime, Mr Goyder has turned his attention to gold as the precious metal soared above $5,000 an ounce in Australian dollar terms for the first time this year.





https://www.abc.net.au/news/2025-05-26/old-mines-being-revived-amid-gold-price-records/105332540