The Drill Down
Monday 22 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
China Adds 10 US Firms to Export Control List, Restricts 46 From Government Procurement
China has placed 10 US firms on its export control list, including rare earth producers MP Materials and USA Rare Earth, barring shipments of any China-origin dual-use items to them, and separately barred 46 mostly defence-linked US firms from government procurement. The move is retaliation for the Pentagon adding Chinese technology groups to its military-linked entity list earlier this month.
|
Our Take
Beijing naming MP Materials and USA Rare Earth, the very champions Washington is funding, turns the rare earths contest explicit even if the immediate commercial hit is modest given their limited China exposure. The durable signal is that ex-China supply chains now have to be clean of Chinese inputs end to end, which only sharpens the strategic premium on processing built fully outside Beijing's reach.
|
|
| |
Commodity Prices
Precious Metals (USD/toz)
|
Gold
|
$4,193
+0.91%
|
|
Silver
|
$66
+2.35%
|
|
Platinum
|
$1,675
-1.12%
|
|
Palladium
|
$1,275
-0.54%
|
|
Base Metals & Commodities
|
Copper USD/t
|
$14096.02
+0.02%
|
|
Nickel USD/t
|
$17514.00
-1.43%
|
|
Zinc USD/t
|
$3572.69
+0.38%
|
|
Lead USD/t
|
$1952.90
+0.03%
|
|
WTI Crude USD/bbl
|
$75.26
-0.78%
|
|
Prices updated as of 22 June 2026, 3:48 pm AEST
|
| |
Market Movers
Winners & Losers - ASX Markets
|
Taruga Minerals Limited
Taruga rose after the grant of exploration licences EL2830 and EL2831 on Normanby Island in PNG, securing 488 square kilometres over its high-grade Weioko gold deposit and clearing the path to drill a system last tested in 2009. Directors also converted options for a further $455,000 as the stock resumed from a halt.
|
|
Alligator Energy Ltd.
Alligator rebounded after Friday's heavy sell-off, recovering ground lost when the market unwound the run-up into its Samphire uranium resource upgrade, a maiden Plumbush estimate that lifted the project 67% to 30Mlbs U3O8. With the overdone reaction reversing, buyers stepped back in on the underlying resource growth.
|
|
Power Minerals Limited
Power Minerals gained as it advanced its Morro do Ferro rare earth project in Brazil, where a maiden drilling campaign is underway and a new mineralogy program is targeting a premium magnet concentrate rich in neodymium, praseodymium, dysprosium and terbium. The move rode strong rare earths sentiment, days after the company secured a A$1.7 million strategic investment.
|
|
|
|
DevEx Resources Limited
DevEx was added to the Sprott Junior Uranium Miners ETF, broadening its exposure to dedicated uranium investors as it consolidates a roughly 9,200 square kilometre tenure position in the Alligator Rivers Uranium Province. Despite the positive inclusion, the stock sold off in what looks like profit-taking after a strong run.
|
|
Bougainville Copper Limited
Bougainville Copper continued to slide after the Autonomous Bougainville Government granted a large-scale mining lease over the same ground as its Exploration Licence 01 to a separate party. With its licence rights suspended and subordinated, the market is still repricing the threat to the company's core tenure.
|
|
Cauldron Energy Limited
Cauldron confirmed its inclusion in the Nasdaq-listed Sprott Junior Uranium Miners ETF, adding to two other uranium ETF holdings and lifting institutional access for its Yanrey uranium project in WA. The stock fell anyway, unwinding the run-up into the ETF speculation in classic sell-the-news fashion.
|
|
Market data as of 22 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
|
Business Insider Africa
US Edges Out China in Kenya With Preliminary Deal to Control $62.4 Billion Untapped Rare Earth Deposits
Kenya has struck a preliminary critical minerals deal with the US, announced by President Ruto at the G7 summit, granting access to the Mrima Hill deposit in Kwale County, one of the world's largest untapped rare earth and niobium resources, headline-valued near $62.4 billion. The agreement edges out China and requires the minerals to be processed domestically in Kenya rather than exported raw.
|
Our Take
The $62.4 billion is an early-stage paper figure, not a reserve, so the number to watch is the unfunded cost of building rare earth separation in Kenya, which is where these deals usually stall. The sharper tension is that Nairobi's insistence on domestic processing collides with Washington's own push to refine at home, so securing access is the easy part and agreeing where value is added is the real negotiation.
|
|
The West Australian
Mineral Resources Picks New COO Darren Killeen as Favourite to Eventually Succeed Chris Ellison as Boss
Mineral Resources has positioned new Chief Operating Officer Darren Killeen as the frontrunner to eventually succeed managing director Chris Ellison, according to The West Australian. Killeen, a 17-year MinRes veteran who led delivery of the Onslow Iron project, was elevated to the newly created COO role in May as part of the board's succession process, reporting directly to Ellison.
|
Our Take
Succession has been the unspoken overhang on MinRes given how much the equity story rests on Ellison, so surfacing a credible operator as heir apparent starts to take that key-man risk off the table. Choosing a projects-and-delivery veteran over an outside hire signals continuity of the build-it-in-house model rather than a strategic reset, which is what debt-focused holders will want to see.
|
|
Business News
Regis Plots Stalled $1.1b Project's Revival
Regis Resources has reinstated the ore reserve at its stalled $1.1 billion McPhillamys gold project in NSW, with a new pre-feasibility study confirming 56 million tonnes at 1.1 g/t for 1.89 million ounces using a filtered-tailings integrated waste landform. The redesign keeps the project within its footprint after a 2024 federal heritage declaration blocked the original tailings dam, with Regis still pursuing a Federal Court challenge and targeting a final investment decision in the first half of 2028.
|
Our Take
A $4,000-plus gold price is what makes a more expensive filtered-tailings workaround economic and resurrects a project Canberra effectively killed in 2024. This is pipeline optionality rather than near-term ounces though, with FID still targeted for 2028 and a Federal Court challenge running in parallel, so the value accrues to the Regis and Vault development story rather than this year's output.
|
|
ABC News
Cadia Gold Mine Hits Pause After Two Earthquakes Felt Across Western NSW
Newmont has suspended underground operations at its Cadia gold mine near Orange in NSW for the second time in nine weeks, after magnitude-3.4 and magnitude-3.2 earthquakes struck early Friday. All personnel were safely evacuated with no injuries, but the halt follows a larger magnitude-4.5 event in April that idled the mine for around five weeks, with Cadia making up about 11% of Newmont's net asset value.
|
Our Take
Two halts in nine weeks turns Cadia's seismicity from a one-off into a structural reliability and regulatory question for an asset that is 11% of Newmont's NAV. Coming the same week as Alamos's seismic hit at Young-Davidson, it is a pointed reminder that deep panel and block caving carries a seismic tail risk the market tends to underprice until guidance is at stake.
|
|
| |
|
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.
|
|
