The Drill Down
Wednesday 17 June 2026 · Part 2
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Presented By
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ASX: KAO
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Namibia's Copper Belt.
Ready to Drill.
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69.6%
Peak Cu Grade
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40km
Mineralised Trend
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89%
Cu Recovery
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Two fully permitted copper projects in Namibia, an emerging exploration jurisdiction on the radar of global miners. The Chalkos Project carries peak surface grades of 69.6% Cu and 2,030 g/t Ag across a 40km mineralised trend. Drilling commences soon.
Discover Kaoko
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Lead Insight
Congo and Belgium Agree on Transfer of Colonial-Era Geological Records
Congo and Belgium have agreed to transfer colonial-era geological records held in a Belgian museum. Congo's mining ministry said a very large part of the country remains unexplored, underscoring the archive's value.
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Our Take
Decades of legacy geological data lands in Congolese hands just as the country pushes to formalise control over its mineral wealth. For explorers, the archive could unlock new targets, but only those who can navigate Congo's sovereignty agenda will capture the value.
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Commodity Prices
Precious Metals (USD/toz)
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Gold
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$4,330
-0.03%
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Silver
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$70
+0.31%
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Platinum
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$1,789
-0.96%
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Palladium
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$1,344
-0.46%
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Base Metals & Commodities
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Copper USD/t
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$14504.82
+0.73%
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Nickel USD/t
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$17924.00
+0.70%
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Zinc USD/t
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$3565.19
+0.79%
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Lead USD/t
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$1979.70
+0.43%
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WTI Crude USD/bbl
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$76.03
-0.03%
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Prices updated as of 17 June 2026, 3:48 pm AEST
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Market Movers
Winners & Losers - ASX Markets
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Cauldron Energy Ltd.
No specific catalyst identified. Cauldron rose on no company announcement, with the move tied to market speculation it could be added to the URNJ uranium ETF.
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Alligator Energy Ltd.
Alligator ran hard on abnormal volume before entering a trading pause pending a further announcement, with a resource update expected. The sharp move ahead of the news has drawn an ASX price query.
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Dateline Resources Ltd.
Dateline released the geophysical interpretation of its Music Valley heavy rare earth project in California, identifying three priority target zones for follow-up. All three prospects sit outside the claims currently under litigation, with ground-truthing already underway.
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Bougainville Copper Ltd.
Bougainville Copper said the Autonomous Bougainville Government has granted a 25-year large-scale mining lease over the same ground as its Exploration Licence 01 to a separate party. The company's licence rights are now suspended and subordinated, putting its core tenure in question.
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Karoon Energy Ltd.
Karoon cut its CY26 production guidance after the Who Dat operator deferred the restart of E manifold production to the second half of 2027. The downgrade, released yesterday, has continued to weigh alongside softer oil prices.
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Finder Energy Holdings Ltd.
No specific catalyst today. The fall reflects digestion of recently issued placement and share purchase plan stock, with today's only announcement a routine application to quote 12 million placement shares.
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Market data as of 17 June 2026, 4:10 PM AEST
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This Week's Poll
Does the Saudi Vision 2030 minerals push represent a genuine exploration opportunity for Australian juniors?
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○ Yes, strong sovereign mandate
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○ Possible but regulatory complexity is real
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Presented By
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Enabling fractional mining royalty investment
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Today's Stories
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InDaily
Controversial Deal With Mining Giant Approved as Copper Exports Boom
South Australia's parliament has passed a bill modernising the 40-year-old framework governing BHP's Olympic Dam and Gawler Craton operations, clearing the way for expansion despite criticism of a rushed consultation. State copper exports hit a record $5.2 billion in the year to April 2026, with BHP flagging up to $25 billion of capital expenditure in the state over the next decade.
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Our Take
The bill clears a regulatory overhang that had sat over Olympic Dam, giving BHP the certainty it needs to commit the flagged $25 billion expansion. The unresolved Kokatha consent friction is the risk that could still slow the timeline.
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AFR
New Laws Point to $5.6 Billion BHP Copper Spend Despite Indigenous Opposition
BHP's right to mine in remote South Australia has been entrenched under new laws, despite concerns over a lack of fair compensation for native title holders. The development points to a potential $5.6 billion copper spend.
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Our Take
Legislated mining rights clearing the path for a $5.6 billion copper spend gives BHP regulatory certainty, but the unresolved native title compensation creates a social licence overhang that could resurface in future approvals. Investors get tenure security now at the cost of reputational risk that markets often underprice until it bites.
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Financial Times
Central Banks Repatriate Gold as Global Insecurity Rises
Central banks are increasingly repatriating gold holdings amid rising global insecurity, according to the World Gold Council's annual survey. The trend marks a structural shift in how reserve managers view gold custody.
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Our Take
Repatriation reflects sticky, geopolitically-driven official demand that does not unwind on a rate cut, underpinning a durable bid for bullion. That custody anxiety is the structural floor gold equity investors should be pricing in.
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The Northern Miner
The Metals AI Data Centres Need Most Aren't Inside Them
The power grid, not the server room, is where the data centre boom is driving metals demand, according to Wood Mackenzie. The analysis points to grid infrastructure as the key source of new metals consumption.
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Our Take
Wood Mackenzie redirecting the AI demand thesis to grid copper and aluminium reframes where the data centre dollars actually land. Investors chasing chip-adjacent metals should instead be weighting the transmission and distribution buildout.
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Mining.com
Switzerland Loses Its Shine as Central Bank Gold Vault
Central banks added a net 17 tonnes of gold in April after being net sellers in March, led mainly by Poland and China. The shift comes as Switzerland's role as a central bank gold vault diminishes.
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Our Take
The swing back to 17 tonnes of net buying, led by Poland and China, confirms the structural reserve diversification thesis remains intact despite March's selling. The decline of Swiss vaulting points to gold relocating toward buyer jurisdictions, a quiet signal that demand is sticky rather than tactical.
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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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