The Drill Down
Friday 19 June 2026 · Part 2
|
| |
Presented By
|
ASX: KAO
|
Namibia's Copper Belt.
Ready to Drill.
|
|
|
69.6%
Peak Cu Grade
|
40km
Mineralised Trend
|
89%
Cu Recovery
|
|
|
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
|
|
|
| |
| |
Lead Insight
Rare Earths Miners Brace for Demand Spike After G7 Vows to Ditch China
G7 leaders at the Évian summit agreed to cap any single non-G7 supplier's share of their rare earth and permanent magnet imports below 60% by 2030, aiming for 50% thereafter, in a direct move to cut reliance on China. With China supplying around 70% of global rare earths and over 90% of processing, the target implies a sharp lift in demand for non-Chinese producers.
|
Our Take
A hard 60% cap gives ex-China producers a procurement target buyers must actually hit, which is the demand signal the sector has lacked. The catch is the 2030 timeline against multi-year mine and refinery builds, so the constraint shifts from demand to whether projects can be financed and processing stood up fast enough.
|
|
| |
Commodity Prices
Precious Metals (USD/toz)
|
Gold
|
$4,138
-1.69%
|
|
Silver
|
$64
-2.82%
|
|
Platinum
|
$1,671
-1.40%
|
|
Palladium
|
$1,258
-1.91%
|
|
Base Metals & Commodities
|
Copper USD/t
|
$14028.44
-1.07%
|
|
Nickel USD/t
|
$17768.00
-1.44%
|
|
Zinc USD/t
|
$3612.74
+0.15%
|
|
Lead USD/t
|
$1975.20
+0.48%
|
|
WTI Crude USD/bbl
|
$77.22
+0.81%
|
|
Prices updated as of 19 June 2026, 4:02 pm AEST
|
| |
Market Movers
Winners & Losers - ASX Markets
|
TechGen Metals Ltd.
TechGen raised an oversubscribed A$2.7 million to fund maiden diamond drilling at its flagship Blue and Red Devil copper-gold project in WA, targeting a 2.75km airborne EM conductor. The funded program, due to start in July, drove the re-rate as the stock resumed from a halt.
|
|
Chilwa Minerals Ltd.
Chilwa more than doubled the resource at its Mpyupyu mineral sands deposit in Malawi to 109.6Mt, with 89% now in the measured and indicated categories. The upgrade positions Mpyupyu as the company's first development front ahead of a scoping study due in the third quarter.
|
|
PhosCo Ltd.
PhosCo received a A$1.1 million first grant instalment from the EBRD plus A$0.6 million from early option exercises, leaving it well funded alongside A$5.7 million already in the bank to advance its flagship Gasaat phosphate project in Tunisia. Release of the updated scoping study next quarter will trigger a further A$7.5 million EBRD equity investment toward the feasibility study.
|
|
|
|
Alligator Energy Ltd.
Alligator lifted its Samphire uranium resource 67% to 30Mlbs U3O8 via a maiden 12Mlb estimate at Plumbush, the update it had been halted for since Tuesday. The stock fell hard as the speculative run-up into the pause unwound, a sell-the-news move once the resource landed broadly as expected.
|
|
Unity Metals Ltd.
Unity released the final drilling results from Rohav Mountain at its Ngot gold project in Cambodia, with a best new intersection of 5m at 1.8g/t gold and no significant hits at the Ngot NE prospect. Despite the company framing mineralisation as strengthening, the modest assays disappointed and the stock sold off.
|
|
Aeris Resources Limited
The NSW Supreme Court approved the scheme under which Aeris will acquire Peel Mining, locking in a deal that becomes effective Monday and implements on 1 July. Aeris is paying largely in scrip, so the now-certain share issuance and dilution drove the sell-off even as the deal expands its Cobar Basin copper footprint.
|
|
Market data as of 19 June 2026, 4:10 PM AEST
|
| |
|
This Week's Poll
Six Months From Now, Which Commodity Will Have Surprised the Most to the Upside?
|
| |
Presented By
|
Enabling fractional mining royalty investment
|
|
| |
|
Today's Stories
|
Bloomberg
Trafigura Targets Gupta Dubai Assets in Bid to Recoup Lost Nickel Millions
Trafigura has asked a Dubai court to tighten restrictions on the wife of trader Prateek Gupta as it chases more than $700 million in damages from his fake-nickel fraud, accusing her of hiding and selling assets including a Dubai villa to fund his legal fees. A London court ruled in January that Gupta had defrauded the trading house on a grand scale by shipping containers of low-value metal and rubble passed off as LME-grade nickel.
|
Our Take
Winning the judgment was the easy part, and the pivot to chasing a villa and a spouse's assets in Dubai shows how hard actual recovery will be even after a clear-cut fraud finding. The durable legacy for the sector is tighter cargo inspection and counterparty scrutiny in metals trade finance, a cost everyone now wears.
|
|
Mining.com.au
China Holds Half the World's Rare Earths, USGS Data Shows
China holds an estimated 44 million metric tons of rare earth oxide equivalent, leading global reserves, according to USGS data. The figures underscore China's continued dominance of the global rare earth supply chain.
|
Our Take
China's 44 million tonnes of reserves explains why Western processing plays like Energy Fuels command sovereign backing, reserves are only half the equation versus refining capacity. For investors, the data reinforces that the supply-chain bottleneck, not geology, is where the value sits.
|
|
Kitco
Oil Flows Through Hormuz Will Take Time to Recover, Banks Say
Bank of America said clearing mines from the Strait of Hormuz would likely take months, not days, given logistical challenges. The bank added that oil markets could stay tight as flows recover.
|
Our Take
A months-long, not days-long, mine-clearing timeline keeps an energy cost overhang on diesel-dependent mining operations and supports elevated input costs. Investors in remote off-grid miners should factor sustained fuel-price risk into near-term margins.
|
|
Reuters
Zambia, US Expand Use of $491 Million Grant Programme to Critical Metals Infrastructure
Zambia and the US have signed an amendment realigning their $491 million Millennium Challenge Corporation compact, originally an agriculture programme, to also fund critical minerals infrastructure along the Lobito Corridor. Priority road upgrades in the North-Western and Copperbelt provinces will be aligned to the corridor, the emerging route carrying Zambian copper and cobalt to Atlantic ports.
|
Our Take
Repurposing an agriculture grant into Lobito Corridor roads is Washington making logistics the spearhead of its push for African copper and cobalt against Chinese incumbents. For Copperbelt developers, the export route has long been the binding constraint, so de-risking it does more for project economics than another headline grant.
|
|
Mining Zimbabwe
Lithium Producers Plead for Extension of 2027 Concentrate Export Ban Deadline
Zimbabwe's lithium producers have asked the government to push back the January 2027 ban on concentrate exports, with only one of seven major players, China's Huayou, having completed a lithium sulphate plant. The association wants the deadline extended to around mid-2027 to finish US$1.45 billion of beneficiation projects, after February's surprise immediate ban on raw concentrate plus quotas and a 16% export tax.
|
Our Take
Forcing beneficiation faster than plants can be built means the only compliant producer is Chinese, so the policy is entrenching Beijing's midstream grip rather than loosening it. If Harare holds the 2027 line, the real market risk is Zimbabwean concentrate tonnes coming offline while the other six players finish their plants.
|
|
| |
|
Kamoa Capital
kamoacap.com
|
|
This newsletter is for general information, education & entertainment. Kamoa Capital is not licensed and does not k | |
