The Drill Down
Tuesday 6 October 2026
|
|
|
Developing High-Grade Gold & Copper in a Tier-One Belt
|
670Koz
Au Eq Resource
|
700km²
Serbian Landholding
|
7,000m
Drilling Underway
|
MinRex Resources is advancing a high-grade gold, silver and copper portfolio across 700km² of Serbian landholding in the West Tethyan Belt, anchored by a 670Koz @ 2.9g/t Au Eq resource at its advanced Tlamino gold-silver project.
|
|
| |
|
Lead Insight
South Korea, U.S. Ink Massive Nuclear Energy Plan
On 30 September the US and South Korea announced Project Power, a blueprint for eight large nuclear plants in the United States, two APR1400 and six AP1000 units, with funding of US$120 billion, of which US$100 billion is construction cost and US$20 billion contingency. The two governments will cooperate on a US$10 billion advance payment by the end of the year, aimed primarily at buying long-lead items, and Korean companies are to take a significant minority stake in Westinghouse on terms still to be finalised. No sites are named yet, with individual projects to be announced as sites, schedules and commercial terms are settled.
|
| |
Commodity Prices: 6 Oct 2026, 3:48pm AEST
| Gold (USD/toz) | $4,122 -0.45% |
| Silver (USD/toz) | $61 -0.91% |
| Platinum (USD/toz) | $1,710 -0.36% |
| Palladium (USD/toz) | $1,166 -0.70% |
| Copper (USD/t) | $14,758.99 +0.30% |
| Nickel (USD/t) | $15,597.50 +0.66% |
| Zinc (USD/t) | $3,748.28 +0.97% |
| Lead (USD/t) | $1,872.80 +0.38% |
| WTI Crude (USD/bbl) | $89.69 +0.29% |
|
|
Market Movers: Winners & Losers, Australian Markets
Top Gainers
MDI +16.7%: Middle Island Resources Limited
Middle Island's 3 September update reported infill soil sampling at the Priboj project in Serbia that defined copper-in-soil anomalies of 900 m by up to 400 m at Jelaca (up to 862 ppm Cu) and 600 m by up to 400 m at Oglavak (up to 1,614 ppm Cu). Rock chips at Jelaca returned up to 3.21% Cu and 26.0 g/t Ag. An initial RC drilling program is designed for Jelaca, subject to land access approval.
PR2 +12.5%: Piche Resources Limited
Piche's most recent update, on 8 September, launched a strategic review of its project portfolio with Dahrouge Geological Consultants and confirmed a search for a new CEO. The company retains three projects after rationalising its portfolio and has said it will update shareholders as the review progresses.
GSN +10.0%: Great Southern Mining Limited
Great Southern reported assays from 18 holes at its Golden Boulder discovery in the Duketon Belt, Western Australia, led by 4 m at 11.38 g/t gold from 45 m, including 1 m at 29.71 g/t, and 9 m at 3.36 g/t from 127 m (downhole, true width not confirmed). Mineralisation is proven over the northern 1.1 km of a 3.5 km strike and extended up to 50 m down dip, with assays pending for a further 3,425 m of drilling.
Top Losers
CHW -17.6%: Chilwa Minerals Limited
Chilwa lodged its US prospectus on 5 October for a Nasdaq listing, offering 625,000 American Depositary Shares, each representing 10 ordinary shares, at US$5.60 per ADS with an accompanying five-year warrant at the same price. The ADSs are approved for the Nasdaq Capital Market under the symbol CHWM, with net proceeds of about US$2.5 million going to exploration at the Chilwa Critical Minerals Project in Malawi and working capital.
EQR -11.4%: EQ Resources Limited
The tungsten producer reported record September quarter revenue of A$158.8 million, up 101%, on 49,715 mtu sold at an average realised price of US$2,248 per mtu (subject to final assays and reconciliation). Production rose 81% to 51,233 mtu, with Barruecopardo in Spain a record 34,088 mtu, and cash on hand rose 192% to A$82.3 million.
PDI -6.7%: PDI Gold Limited
PDI reported results from 51 holes for 14,671 m at the Gobele and Jean deposits at Kiniéro in Guinea, led by 28.35 m at 5.87 g/t gold from 155 m and 16 m at 7.55 g/t from 144 m (downhole). Seven diamond and two RC rigs are now operating, with a 2027 campaign of about 1,800 holes for 140,000 m under development.
|
| |
|
Do you want exclusive access to future capital raises and investment opportunities?
Join the Kamoa Capital Investor Register TODAY!
Investor Register
Registration is not an application for securities and does not guarantee participation in any offer. Any offer is made separately by the issuer or an appropriately authorised party.
|
| |
| |
|
Presented By
|
| |
|
| |
|
Sierra Nevada Gold
|
| |
|
ASX: SNX
|
| |
|
| |
|
Emerging Saudi Arabian Developer & Explorer
|
| |
|
Sierra Nevada Gold is advancing As Safra, a large copper-gold system extending over more than 5.5km of strike in the Arabian Shield. Initial drilling has confirmed broad, continuous zones of mineralisation including high-grade intervals, with a major follow-up program now in preparation.
|
| |
|
Find Out More
|
| |
|
| |
|
In-Country Operating Subsidiary
|
| |
|
| |
|
|
| |
|
Today's Stories
|
|
Business Wire
Westwin Elements Selects Natchez, Mississippi for $502 Million Class 1 Nickel Refinery
Westwin Elements plans to invest US$502 million over five years in a commercial-scale Class 1 nickel refinery at the Belwood Industrial Site in Natchez, Mississippi, with Phase 1 targeting 18,000 tonnes a year and commissioning in 2029. The plant builds on its 20-tonne-per-year nickel carbonyl demonstration plant in Lawton, Oklahoma, and is expected to create 134 full-time jobs. Construction has not begun and remains subject to financing, permitting and engineering.
|
|
Listcorp
Second US$16M Wheaton Payment Received, Completing US$32M Early Deposit
KGL Resources has received the second US$16 million instalment from Wheaton, completing the US$32 million Early Deposit under its US$300 million Precious Metals Purchase Agreement for the Jervois copper project in the Northern Territory. A further US$243 million is available in four equal tranches as construction and other conditions are met, plus a US$25 million contingent cost-overrun facility. Following its A$300 million equity raising, KGL says Jervois is fully funded through construction and into production with no project debt, and copper remains unencumbered.
|
|
MiningHub
WIN Metals - $8m Received with Transaction Completion
WIN Metals has received $8 million on completion of its tenure rationalisation transaction with Astral Resources at the Mt Edwards nickel project in Western Australia. The deal is worth $9.05 million in total, with a further $1 million payable once the transfer of mining lease M15/96 is registered, and gives Astral title over the tenure it needs for its Mandilla gold project. WIN also obtains gold rights on mining leases M15/99, M15/101 and M15/102, plus a mining rights agreement over the McEwen and McEwen Hangingwall nickel resources.
|
|
MiningHub
Venari Minerals - Red Mountain MRE Updated with Strontium and Magnesium
Venari Minerals has added strontium and magnesium to the Red Mountain resource in Nevada, an inferred estimate across the North and Central zones of 500 million tonnes at 0.61% lithium carbonate equivalent for 3.03 million tonnes of contained LCE. The estimate also carries 0.53% strontium carbonate equivalent for 2.67 million tonnes and 2.4% magnesium for 12 million tonnes. The company says it is the only US resource estimate to include strontium, with a scoping study targeted for the first quarter of 2027.
|
|
Stockhead
Jacaranda Lines Up $8m-$10m ASX Float for Botswana and Queensland Exploration
Jacaranda Natural Resources is seeking $8 million at 20 cents a share, with up to $2 million in oversubscriptions, ahead of a proposed ASX listing under the code JRL. Funds go to initial drilling at the Quartz Ridge and Tea Tree prospects within the White Cockatoo copper-gold project in Queensland and at the Globe project in Botswana, alongside broader exploration across a four-project portfolio. White Cockatoo is being acquired from Bindi Metals, conditional on the float.
|
|
Mining.com.au
NVIDIA Hits Record High and Lifts Industrial Metals
US stocks rallied overnight, with the Nasdaq up 1.1% and the S&P 500 up 0.66% as NVIDIA hit a record high, and the SPI futures rose 27 points. Tin, zinc, copper and silver all rose and gold added 0.3%, while Brent futures stayed near US$100 a barrel. ANZ's Daniel Hynes pointed to Kuwait, now producing two million barrels a day, about 600,000 below pre-conflict levels, and three LNG tankers reportedly leaving through the Strait of Hormuz since late last week.
|
|
The Market Online
Australian Gold Exploration Hits Record High, but Export Earnings Forecast to Slide
Gold exploration spending reached a record $566 million in the June quarter 2026, up 24% on the previous quarter, according to the Department of Industry, Science and Resources' Resources and Energy Quarterly. Australian gold production is forecast to rise from 340 tonnes in 2025-26 to 382 tonnes in 2030-31, yet export earnings are forecast to edge down from $70 billion to $68 billion as lower gold prices and a modest rise in the AUD/USD rate offset higher volumes. The report has gold averaging US$4,600 an ounce in 2026, up 34%, easing to US$3,760 in real terms by 2031.
|
|
Kamoa Capital
Website | LinkedIn | Instagram | YouTube
|
|
This newsletter is for general information, education & entertainment. Kamoa Capital is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice. Seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur.
|
|
