The Drill Down
Wednesday 23 September 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
AIC Mines Strikes $120m Acquisition Deal for Mt Cuthbert Copper Project
AIC Mines will acquire the Mt Cuthbert Copper Project in the Mt Isa-Cloncurry region from Materra Metals for $120 million, comprising $100 million in scrip and $20 million cash, backed by a concurrent $70 million placement to major shareholder Hawke's Point at $0.795 a share. Mt Cuthbert holds a JORC Mineral Resource of 18.7Mt at 1.3% Cu for 246,000t contained copper across five deposits, 150km northwest of AIC's Eloise mine. Completion is targeted for early November, subject to shareholder approval at a meeting expected 4 November.
|
| |
| |
Commodity Prices
Precious Metals (USD/toz)
|
Gold
|
$4,330
-0.62%
|
|
Silver
|
$66
-1.22%
|
|
Platinum
|
$1,811
-1.41%
|
|
Palladium
|
$1,297
-0.86%
|
|
Base Metals & Commodities
|
Copper USD/t
|
$15085.30
-1.26%
|
|
Nickel USD/t
|
$16522.50
+1.07%
|
|
Zinc USD/t
|
$3877.60
-0.27%
|
|
Lead USD/t
|
$1919.90
-0.17%
|
|
WTI Crude USD/bbl
|
$89.15
-1.51%
|
|
Prices updated as of 23 Sept 2026, 3:48 pm AEST
|
| |
Market Movers
Winners & Losers - Australian Markets
|
Lion Rock Minerals Limited
No specific catalyst identified. Lion Rock's flagship is the Minta Rutile and Monazite Project in Cameroon.
|
|
Anax Metals Limited
Anax reported assays from the first four holes of its 5,000m program at Mons Cupri within the Whim Creek Copper-Zinc Project in the Pilbara, including 85.90m at 2.89% CuEq from 34.60m and 62.54m at 2.95% CuEq from 107.32m, with high-grade zones exceeding 8% CuEq from as shallow as 34.60m. The results follow last month's 24% resource increase to 6.32Mt at 1.38% CuEq.
|
|
AIC Mines Limited
AIC Mines agreed to acquire the Mt Cuthbert Copper Project in the Mt Isa-Cloncurry region from Materra for $120 million, comprising $100 million in scrip and $20 million cash. Mt Cuthbert holds a JORC Mineral Resource of 18.7Mt at 1.3% Cu for 246,000t contained copper, 150km northwest of AIC's Eloise mine. The deal is backed by a concurrent $70 million placement to major shareholder Hawke's Point at $0.795 a share.
|
|
|
|
Golden Globe Resources Limited
No specific catalyst identified. Today's only lodgement was a routine Appendix 4G and Corporate Governance Statement, not a price-moving release. Golden Globe's flagship is the Dooloo Creek Gold-Copper Project in Queensland.
|
|
Silver Mines Limited
Silver Mines received firm commitments for a $70 million two-tranche placement at $0.145 a share, a 10% discount to the five day VWAP, with demand exceeding the raise. Proceeds fund development consent and engineering studies at Bowdens Silver plus the Fitzroy and Asia Metals royalty acquisitions. The fall reflects the placement discount and dilution rather than any change to the project.
|
|
Tungsten Mining NL
Tungsten Mining secured firm commitments for a $50 million placement at $0.32 a share, a 16.9% discount to last close, to fund development of the Watershed project toward final investment decision. The raise follows full project approvals on 10 September and positive testwork results on 16 September. The pullback reflects the placement discount rather than a reversal in project news flow.
|
|
Market data as of 23 September 2026, 4:10 PM AEST
|
| |
| |
|
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
|
|
Australian Mining
BHP and Amazon Launch Industry-First Copper Emissions Pilot
BHP and Amazon have launched a pilot to recognise lower greenhouse gas emissions in the copper supply chain, testing the purchase and sale of Environmental Attribute Certificates linked to copper concentrate and cathodes from BHP's Escondida mine in Chile. Escondida, the world's largest copper mine, runs on renewable electricity and desalinated water; BHP will create the certificates against copper production emissions, and Amazon will purchase and retire them against emissions attributed to copper in its power, cooling and computing supply chains, including AI infrastructure. The companies will explore eligibility, governance and safeguards to keep certificates verifiable, traceable and not double-counted.
|
|
Mining.com
Mali Setbacks Force Resolute Mining to Cut Syama Outlook
Resolute Mining cut 2026 guidance for its Syama gold mine in Mali by about a quarter, now expecting 150,000 to 160,000oz at AISC of US$2,300 to $2,400/oz, down from 195,000 to 210,000oz at $1,950 to $2,150/oz, after explosives and equipment supply disruptions restricted access to higher-grade underground and open-pit ore. Group guidance falls to 205,000 to 225,000oz from 250,000 to 275,000oz. Resolute is building an on-site emulsion plant, commissioning in November, and targets fourth-quarter Syama output of 45,000 to 50,000oz.
|
|
Miningmx
MPRD in 2026: A Maze of Mineral Policy
South Africa's mining industry faces conflicting policy signals as the Department of Trade, Industry and Competition's Industrial Development Strategy proposes linking beneficiation obligations directly to mining rights, reopening tension with the separate Mineral Resources Development Bill process. The Minerals Council has criticised the IDS's proposed chrome ore export taxes and quotas as adding to policy uncertainty, arguing electricity tariffs, up more than 900% since 2008, are the real constraint on ferrochrome competitiveness rather than a lack of raw chrome ore.
|
|
Mining.com.au
Savannah Raises Over $40 Million to Develop Portuguese Lithium Project
Savannah Resources is raising US$30 million (A$42.2 million) via a placement of 408 million shares at £0.055 each, plus a US$11.2 million subscription from existing major shareholders, to fund development of the Barroso Lithium Project in Portugal. Combined with US$15.5 million in existing cash, proceeds cover long-lead item fabrication, access road groundworks and front-end engineering design. Barroso's July DFS outlined a 14-year mine producing 183,000t of lithium oxide a year at 5.5% grade, with a post-tax NPV of US$913 million.
|
| |
| |
| |
|
Kamoa Capital
kamoacap.com
|
|
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.
|
|
