The Drill Down
Monday 12 October 2026
|
Presented By
ASX: TM1
|
| |
|
Building a world leading PGM asset - MST Access $1.05 valuation
Terra Metals' Dante Project hosts large-scale Bushveld-style copper-PGE sulfide reefs just 15km from BHP's $1.7Bn Nebo-Babel development. With world-class polymetallic mineralisation from surface and strong metallurgical outcomes, Dante is rapidly emerging as Australia's next major PGM system.
Download Full Report
|
|
| |
| |
|
Lead Insight
Commission Selects 46 New Strategic Projects to Bolster the EU's Supply of Critical Raw Materials
The European Commission selected 46 new Strategic Projects across 16 Member States under the Critical Raw Materials Act, drawn from 102 applications. The list spans eight extraction, 11 processing, 19 recycling and eight integrated projects across 15 of the 17 strategic raw materials, including 12 on nickel, 10 on cobalt, seven on lithium, four on rare earths and three on tungsten. Combined with last year's 60 projects, the Commission says the pipeline could fully meet its 2030 extraction benchmarks rerfor lithium, nickel, rare earths, magnesium and tungsten.
|
| |
Commodity Prices: 12 Oct 2026, 8:03am AEST
| Gold (USD/toz) | $4,194 +1.47% |
| Silver (USD/toz) | $61 +2.77% |
| Platinum (USD/toz) | $1,687 +2.84% |
| Palladium (USD/toz) | $1,148 +2.11% |
| Copper (USD/t) | $14,909.54 +2.52% |
| Nickel (USD/t) | $15,660.50 +0.88% |
| Zinc (USD/t) | $3,799.97 +3.20% |
| Lead (USD/t) | $1,876.80 +0.89% |
| WTI Crude (USD/bbl) | $92.49 +0.91% |
|
|
Market Movers: Winners & Losers, Canadian Markets
Top Gainers
FYL +23.8%: Finlay Minerals Ltd.
Finlay's 2026 induced polarisation survey outlined a 2.4 km chargeability anomaly at the IFT target on its SAY property. The anomaly sits inside a 2.5 km by 2.5 km magnetic anomaly and a 1,700 m by 2,600 m copper-silver-molybdenum geochemical anomaly, and mapping found quartz-sericite-pyrite alteration the company calls typical of copper porphyry systems.
DEC +17.9%: Decade Resources Ltd.
Decade has intersected porphyry dykes in strongly altered rock in every hole that reached bedrock at Bonaparte, 50 km north of Kamloops, across five holes and 2,000 m, including two holes collared 1.2 km apart. A sixth hole is in potassic rock with chalcopyrite and hydrothermal breccia, though these are visual observations and assays are pending.
SVE +12.8%: Silver One Resources Inc.
Silver One has a reverse-circulation rig turning at its Candelaria silver project in Nevada, with two more rigs due by late October to accelerate a 25,000 m program. The campaign follows assays of 472 g/t silver over 9.14 m within 25.91 m at 215 g/t silver and 0.33 g/t gold, extending mineralisation 400 m down-dip.
Top Losers
NVLH -25.0%: Nevada Lithium Resources Inc.
Shares hit a 52-week low on volume about seven times the daily average, with no company news since a 21 July investor-access engagement. Flagship Bonnie Claire in Nye County, Nevada carries a 2025 PEA with a US$6.83 billion after-tax NPV at US$24,000/t LCE, built partly on Inferred resources, and the latest project update in April backed hydraulic borehole mining. Cash of about $107,000 against $869,000 in liabilities points to a funding overhang as the likely driver.
FTUR -23.0%: Future Fuels Inc.
Future Fuels launched a Red Cloud-led brokered placement of up to C$8 million, with units at C$0.32, flow-through units at C$0.38 and a C$2 million minimum, closing 22 October. The unit price sits about 14% below the prior C$0.37 close, and the stock settled at C$0.285, under the offer. Proceeds fund exploration at the Hornby Basin uranium project in Nunavut and Hatchet Lake in northern Saskatchewan.
PRCG -15.9%: Precore Gold Corp.
Precore's 8 October MagDrone survey expanded the prospective gold zone at its Arikepay gold-copper project in southern Peru to 800 m by 3 km, with only three historic holes inside the expanded area, and outlined a 1.5 km by 300 m magnetic porphyry target ahead of its maiden drill campaign. The fall reads as profit-taking after a run from a 52-week low of C$0.165.
|
| |
|
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
|
|
AFR
Glencore Pins Hopes on ASX Debut to Close BHP Valuation Gap
Glencore's CHESS Depositary Interests begin trading on the ASX under the ticker GLC on Wednesday 14 October, a secondary listing with no capital raising and each CDI representing one ordinary share. Ahead of the debut, Glencore lifted its full-year 2026 Marketing Adjusted EBIT expectation to more than US$5 billion, from about US$4.9 billion.
|
|
SMM
Dollar, Crude Oil Weaken as Overseas Base Metals Outperform Domestic Market, SHFE Tin Plunges and LME Copper, Aluminium, Tin and Gold Futures Lead Gains
Shanghai base metals fell across the board at the 9 October midday close, led by SHFE tin down 4.55%, with lead off 1.48% and zinc 1.32%. LME metals moved the other way, with copper up 1.01%, aluminium 1.07% and tin 1.41%, while COMEX gold rose 1.04% and WTI crude fell 1.03% as Middle East supply concerns eased.
|
|
Mining.com.au
US Agency Eyes African Critical Minerals Equity Investments
The US International Development Finance Corporation plans to lift direct equity investment, including in Africa and critical minerals, Africa head Vibhuti Jain told Reuters, citing an undisclosed pipeline. The DFC holds more than US$14 billion of African commitments, over US$3 billion of it in critical minerals, and is backing rare earths developments, a graphite mine in Mozambique and the Lobito corridor.
|
|
Miningmx
Ghana Retreats on Mining Lease Cap After Backlash
Ghana is expected to replace its draft Minerals and Mining Bill, 2026 with a revised version restoring a maximum 20-year mining lease, Reuters reported. The bill before Parliament caps new leases at 15 years against up to 30 years under existing law, a figure a mines ministry official called a mistake, and the Ghana Chamber of Mines said talks had produced workable compromises.
|
|
GlobeNewswire
McEwen Signs US$55 Million Agreement to Sell Fuller and Paymaster
McEwen agreed to sell its Fuller property and 60% Paymaster interest in Timmins to Dome Mine, a Discovery Mining subsidiary, for US$55 million, made up of US$5 million cash and US$50 million in Discovery shares. McEwen also received US$13.5 million by assigning its McEwen Copper loan receivable to new lenders, taking combined new capital to about US$68.5 million toward its 250,000 to 300,000 GEO target for 2030.
|
|
MiningHub
Kirkland Lake Discoveries Closes Upsized $20M Brokered Private Placement Led by Eric Sprott
Kirkland Lake Discoveries closed an upsized brokered placement for C$20.17 million: C$11.78 million of flow-through shares at C$0.40, C$2.76 million of special flow-through shares at C$0.483 and C$5.62 million of hard-dollar shares at C$0.35. Eric Sprott placed the lead order, and the flow-through funds must be spent on Canadian exploration by the end of 2027 across the company's 420 km² Kirkland Lake portfolio.
|
|
Mining Weekly
Industrial Metals Post Mixed Third-Quarter Performance, Downside Risks Persist
Industrial metals fell 3.3% month on month to 7 October on hawkish Fed expectations, BMI said, with aluminium down 6.1% to US$3,111/t and nickel 5.5% to US$15,800/t. Tin leads the year, up 33.5% to US$54,125/t on AI data centre demand, while copper slipped 0.8% for the month but remains 16% higher this year after a US$14,875/t record on 10 September.
|
|
Mining Weekly
Lundin Gold's Fruta del Norte Mine Delivers Its Strongest-Ever Quarterly Production
Fruta del Norte produced a record 153,736 oz in the September quarter, up 25.9% from 122,086 oz a year earlier, milling 535,711 t at 5,823 t/d, a 10.1 g/t grade and 88.3% recovery. Sales of 148,326 oz realised US$4,299/oz, and nine-month output of 392,472 oz keeps the mine within 2026 guidance of 475,000 to 525,000 oz.
|
|
The Northern Miner
Gold Council Urges Miners to Name Refiners
The World Gold Council's board adopted guidance asking doré-producing miners to publish an annual list linking each operating mine to its refiners and their countries. The framework builds on a September 2023 pledge by 33 members producing about 1,300 tonnes a year, sets no penalties and exempts concentrate, shipment weights and transport details.
|
|
Kitco
Gold to Hit $5,000, Silver $97 in the Next 12 Months: LBMA Delegate Survey
Delegates at the 2026 LBMA Global Precious Metals Conference forecast gold at US$5,013.30/oz in 12 months, about 20% above the US$4,163.30 spot at the time, and silver at US$94.70/oz, more than 54% above US$61.23. Last year's delegates called gold at US$4,980.30 and missed, while silver already trades above their US$59.10 forecast.
|
| |
|
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.
|
|
