The Drill Down
Monday 8 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
Bolivia Unrest Puts World-Class Lithium Assets at Risk
Bolivian President Rodrigo Paz has introduced legislation to grant expanded military powers as nationwide protests entered their 36th day, with more than 90 roadblocks across eight regions disrupting transport networks and deepening the country's political crisis. Nine people have died since demonstrations began, with protest leaders demanding Paz's resignation over what they describe as neoliberal economic policies. The unrest adds further uncertainty to Bolivia's vast lithium resources, including the Salar de Uyuni, which have long attracted international attention but lagged neighbouring Argentina and Chile in development due to political instability and shifting regulations. US Defence Secretary Pete Hegseth publicly backed President Paz, describing the protests as an attempted coup and warning the US is watching.
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Our Take
Bolivia has been a geopolitical prize that nobody could quite get their hands on for the better part of a decade. US backing for the current government signals Washington views access to Bolivian lithium as worth picking a side. That calculus carries its own risk if Paz falls anyway.
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Commodity Prices
Precious Metals (USD/toz)
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Gold
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$4,288
-0.95%
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Silver
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$66
-1.98%
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Platinum
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$1,744
-1.85%
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Palladium
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$1,214
-0.91%
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Base Metals & Commodities
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Copper USD/t
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$13904.92
-0.09%
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Nickel USD/t
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$18542.00
-0.38%
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Zinc USD/t
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$3513.94
-0.51%
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Lead USD/t
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$1997.20
+0.20%
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WTI Crude USD/bbl
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$94.56
+4.44%
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Prices updated as of 8 June 2026, 3:48 pm AEST
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Find this useful?
The Drill Down is free to read. If it earns a spot in your inbox, you can support us here.
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This Week's Poll
Is the US critical minerals policy push creating real opportunities or just noise?
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○ Real, investable opportunities
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○ Some signal, mostly noise
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○ Irrelevant to my portfolio
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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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Kitco
Deglobalisation Sparks Race for Strategic Resources, Driving Gold and Copper Outlook
Speakers at the Sohn Montreal conference argued that a structural shift in the global economic order is accelerating demand for hard assets including gold and copper, creating conditions for a sustained commodity bull market. Two leaders in global financial markets framed deglobalisation as a multi-year tailwind for mining and metals. Gold was specifically highlighted as a critical reserve asset in this new environment.
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Our Take
When the Sohn conference crowd starts framing copper and gold through a deglobalisation lens, it signals that capital allocators are building longer-duration commodity positions. That is a structural bid, not a trade, and mining equities are positioned to capture it.
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Mining.com.au
Queensland Launches Australia's Largest High-Resolution Airborne Gravity Survey for Critical Minerals
The Queensland Government is launching Australia's largest high-resolution regional airborne gravity gradiometry survey to map the state's critical minerals potential and identify new mineral systems. The initiative is designed to support the next generation of exploration activity across the state. It forms part of Queensland's broader strategy to position itself as a leading global supplier of critical minerals.
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Our Take
Government-funded geoscience at this scale de-risks early-stage exploration and is a direct subsidy to juniors operating in Queensland. Explorers with ground in underexplored parts of the state should be watching the survey coverage areas closely.
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Mining.com.au
Critical Mineral Stockpiling Escalates With Growing Focus on Tungsten
The global race to stockpile critical minerals is intensifying, with tungsten emerging as a key focus as Chinese buyers look to US scrap for stockpiling and global supplies continue to dwindle. Western nations and companies are scrambling to secure alternative sources as China's dominance over tungsten supply tightens. The trend reflects deepening concerns about supply chain security for strategic materials used in defence and industrial applications.
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Our Take
Tungsten is chronically under-covered by mining investors relative to its strategic importance, and Chinese buyers moving into US scrap markets signals real supply anxiety. The few listed tungsten producers and developers outside China are worth a serious look.
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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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