The Drill Down
Wednesday 1 April 2026 · Part 2 Edition
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Commodity Prices
| Precious Metals |
Price (USD/toz) |
| Gold |
$4,684.14
+15.24 (+0.33%)
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| Silver |
$74.43
-0.73 (-0.97%)
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| Platinum |
$1,959.69
+5.69 (+0.29%)
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| Palladium |
$1,483.09
+1.59 (+0.11%)
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| Base Metals (LME) |
Price (USD/lb) |
| Copper |
$5.66
-0.0167 (-0.29%)
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| Nickel |
$7.78
-0.0567 (-0.72%)
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| Zinc |
$1.47
+0.0136 (+0.94%)
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| Aluminium |
$1.56
+0.0127 (+0.82%)
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| Lead |
$0.87
+0.0110 (+1.28%)
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Prices updated as of 1 Apr 2026, 4:31 pm AEST
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Today's Stories
Source: The Gold Room Podcast (via YouTube)
Scott North, co-founder of Yeti Ventures and Kamoa Capital, joins The Gold Room Podcast to discuss how Yeti aims to cut exploration costs by combining hardware, software, and emerging technology to improve drilling economics. The conversation also covers Saudi Arabia's rapidly expanding mining ecosystem, where government-backed investment and aggressive exploration programs are drawing international expertise at a scale Australia has yet to match.
Source: Australian Mining
Perenti Limited has appointed Dr Vanessa Torres as managing director and CEO, succeeding long-serving chief Mark Norwell. Torres brings experience from senior roles at South32, BHP, and Vale across large-scale iron ore, base metals, and coal operations, positioning Perenti to pursue more technically complex contracts and accelerate its decarbonisation agenda.
Source: Mining.com
Gold recorded a 12% decline in March, its worst monthly performance since the 2008 financial crisis, as the Middle East conflict stoked inflation fears and triggered forced selling amid the broader equities rout. The metal rebounded 3.5% on March 31 to close at $4,668.06 per ounce on signs both the US and Iran may be open to ending hostilities.
Source: ASX Announcement
Lindian Resources (ASX: LIN) has secured firm commitments for an A$100 million institutional placement at A$0.75 per share, with demand significantly exceeding the amount sought. Proceeds will fund Kangankunde Stage 1 to completion on a debt-free basis, accelerate the Stage 2 expansion DFS, and advance the SARECO MREC downstream processing facility.
Source: Investing.com
Goldman Sachs is maintaining its year-end gold forecast of $5,400 per troy ounce, citing expected Fed rate cuts, normalising speculative positioning, and continued central bank buying. The bank sees the recent 15% pullback to around $4,580 as an unwind of earlier positioning rather than a breakdown in the bull case, calling the current level a more attractive entry point.
Source: MINING.COM
Chile posted its lowest monthly copper output in almost nine years, highlighting supply challenges facing the world's largest copper producer. The decline adds to global supply concerns amid strong demand for the metal.
Source: AFR
Taxpayer backing for Arafura Rare Earths has reached $1.2 billion as the EFA buys a stake in the company. The project, located 135 kilometres north of Alice Springs, is poised to become Australia's first ore-to-oxide rare earths facility as the government moves to secure critical minerals supply chains.
Source: MINING.COM
Glencore is repositioning its portfolio toward copper and other energy transition materials as weaker coal markets weigh on earnings. The Swiss miner's strategic shift reflects the growing demand for transition metals.
Source: AFR
Delta Lithium's $93 billion rubidium deposit has attracted Pentagon interest, with US officials summoning managing director James Croser for talks about the critical minerals discovery. The Kalgoorlie-based company's resources highlight the strategic importance of Australia's mineral assets to US government interests.
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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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