The Drill Down
Thursday 24 September 2026
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Presented By
ASX: TM1
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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.
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Commodity Prices
Precious Metals (USD/toz)
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Gold
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$4,287
-1.60%
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Silver
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$64
--
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Platinum
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$1,754
-4.57%
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Palladium
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$1,265
-3.27%
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Base Metals & Commodities
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Copper USD/t
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$15037.10
-1.57%
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Nickel USD/t
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$16437.50
-0.51%
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Zinc USD/t
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$3876.04
-0.31%
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Lead USD/t
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$1912.30
-0.56%
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WTI Crude USD/bbl
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$92.71
+2.42%
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Prices updated as of 24 Sept 2026, 8:03 am AEST
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Market Movers
Winners & Losers - Canadian Markets
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Japan Gold Corp.
Japan Gold formed an alliance with Solidcore Resources, which commits C$35 million (US$25 million) over 36 months across five target areas to earn 49%, with options to lift to 80% through feasibility. Solidcore and Equinox Partners closed C$10.5 million of placements at C$0.12, a 50% premium, taking Solidcore to 19.9% partially diluted, while OR Royalties will pay US$3 million to lift its royalty across all properties from 1.5% to 2%.
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NV Gold Corporation
First 2026 RC assays at the Slumber project, 70km west-northwest of Winnemucca in Nevada, returned 41.14m at 0.844g/t Au from 158.5m in discovery hole SL-42, including 21.34m at 1.00g/t Au, plus 50.0m at 0.420g/t Au from 6m. SL-38 hit 47.25m at 0.655g/t Au from 185.98m and ended in mineralisation, defining the new Awakening Zone about 1.4km north-east of earlier gold zones on newly leased DeLong Ranch land. Assays are in for three of six holes, with 25 to 30 holes planned into November.
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Forte Minerals Corp.
No specific catalyst identified, with momentum following Forte's addition to the CSE 25 Index in the September rebalancing the likely driver, and today's only release a grant of 1.72 million options at C$1.50 and 200,000 DSUs. Focus is the Alto Ruri high-sulphidation gold project in Peru, 15km from Barrick's former Pierina mine, where Forte is pursuing permits and a community agreement to test a 2km by 1.5km alteration zone. Historical 1997 drilling by Buenaventura there returned 131m at 2.55g/t Au from surface, including 54m at 5.39g/t Au, with true widths undetermined.
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Orosur Mining Inc.
Orosur launched a best-efforts brokered placement of up to 43.75 million units at C$0.32 for up to C$14 million through Red Cloud, Turner Pope and Greenwood, each unit carrying half a warrant exercisable at US$0.32 for 24 months, plus a C$2 million agent's option. Proceeds go mainly to the Anzá exploration project in Colombia, with closing targeted around 6 October, and the stock finished below the C$0.32 issue price.
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Global Atomic Corporation
Global Atomic priced a C$50 million overnight marketed offering of 100 million units at C$0.50 through Red Cloud, each with half a warrant exercisable at C$0.70 for 36 months, plus a 15% over-allotment option. Proceeds go to the Dasa uranium project in Niger, held 80% through SOMIDA alongside the Niger government's 20%, and to working capital, with CEO Stephen Roman describing the raise as an initial step toward the company's remaining Dasa contribution.
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Algo Grande Copper Corp.
Sell-the-news after a run, as full assays from hole AG-CG-PH2-002 at the Cerro Grande skarn discovery on the Adelita project in Sonora, Mexico, added a lower zone of 38.20m at 1.0% CuEq from 243.80m, including 11.50m at 2.0% CuEq. That sits about 67m below the previously reported 30.23m at 1.5% CuEq from 146.70m. CuEq assumes US$5.20/lb copper, US$3,500/oz gold, US$50/oz silver and 80% recovery, with intervals downhole and true widths undetermined.
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Market data as of 24 September 2026, 9:30 AM AEST
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Presented By
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Sierra Nevada Gold
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ASX: SNX
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Emerging Saudi Arabian Developer & Explorer
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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.
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Find Out More
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In-Country Operating Subsidiary
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Today's Stories
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Company Release
Osisko Gold Announces Pricing of Upsized US$600 Million 9.250% Senior Secured Notes Offering to Refinance Appian Project Financing Facility and Advance Cariboo Gold Project
Osisko Gold priced US$600 million of 9.250% senior secured notes due 1 October 2031 at par, upsized from US$500 million, with closing expected 30 September. About US$120.9 million repays and terminates the Appian facility, a segregated reserve covers the first five interest payments, and the balance funds a disbursement account for Cariboo construction. Barkerville Gold Mines guarantees the notes, which carry a first priority lien.
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Company Release
Highlander Silver Announces $330M Senior Secured Project Finance Facility Mandate With Natixis CIB
Highlander Silver signed a mandate letter with Natixis CIB to lead a fully underwritten seven-year US$330 million senior secured project finance facility to build the Corani silver project in Peru, with closing targeted for Q1 2027. It is supported by a company-provided cost overrun facility of up to US$100 million before first draw, remains subject to due diligence and credit approvals, and leaves Highlander with 100% of offtake rights. Highlander held about US$100 million cash and no debt at 30 June.
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Company Release
SSR Mining Acquires 15% Interest in Dobbin Project and Enters Into Joint Venture Arrangement With Phenom's Subsidiary, Copper One USA, Inc.
An SSR Mining affiliate exercised its right to take 15% of Phenom Resources' Dobbin Carlin-type gold project in Nevada for US$4 million, with Phenom subsidiary Copper One USA holding 85% of the new Nevada JV company and staying manager while it holds a majority. Contributions run pro rata once the initial US$4 million is spent, and a party diluted below 10% converts to up to a 2% NSR. With SSR's 9.9% placement in June, Phenom has about $11 million to fund drilling through the 2026 season and into early summer 2027.
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Mining.com
US Eyes Up to $7 Billion for Argentina Mining, Energy
The US Export-Import Bank plans to finance up to US$7 billion of Argentine critical minerals and energy projects over two years, according to a document seen by Reuters, including loans for companies buying US-made equipment. The package was slated for announcement in New York during the UN General Assembly, while the US-Argentina critical minerals agreement announced in February still awaits ratification by Argentina's Congress. Mining minister Luis Lucero has put potential 2036 exports at 580,000 tonnes of lithium and 1.64 million tonnes of copper a year.
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The Northern Miner
Ex-Gold Fields CEO Targets $1B Africa Mining Fund
Former Gold Fields chief executive Chris Griffith has joined a private equity team seeking to raise $1 billion for African critical minerals alongside former Goldman Sachs banker Colin Coleman and former Ashanti Goldfields chair Sam Jonah, with fundraising at an early stage. Griffith left Gold Fields in December 2022 after its US$6.7 billion Yamana bid failed, and resigned from Vedanta's base metals division in July 2025.
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Kitco
Gold Breaks $4,300 as Fed Hike Odds Jump After PMI
Spot gold fell 1.63% to about US$4,286/oz and silver 3.88% to US$64.33/oz after the US close on Wednesday, as the September flash composite PMI rose to 58.4 from 56.0, its highest since July 2021, with input costs at 66.4. Fed funds futures moved to price a 66% to 70.9% chance of an October hike, up from about 53%, and the 10-year Treasury yield hit 5.106%, its highest since 2007. WTI traded near US$92.60 and Brent above US$103 as US-Iran talks stayed far apart.
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Mining.com.au
Glencore, Mercuria Join US Critical Minerals Stockpile Initiative
Glencore has been selected to source, procure and deliver critical minerals and base metals for VaultCo, the rebranded Project Vault building the US Strategic Critical Minerals Reserve, launched in New York during the UN General Assembly. The reserve is backed by an EXIM loan of up to US$10 billion plus nearly US$2 billion of private investment, with Mercuria committing US$500 million.
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Mining.com.au
Glencore's Cerrejón Rail Operations Halted After Attack
Explosives hit Cerrejón's railway about 60km from Uribia late on 22 September, halting coal haulage on the 150km line to its Caribbean export terminal while damage is assessed, with mining continuing and no injuries reported. Cerrejón says it is the sixth attack on its infrastructure this year, after operations were suspended for around 10 days earlier in 2026 by road blockades, part of nearly 80 blockades in the first five months.
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Kamoa Capital
kamoacap.com
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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.
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