• President Trump said he is not planning to fire Fed Chairman Jerome Powell —and he signalled that tariffs on China could be lowered (WSJ)

• Gold fell for a second day after hitting a record, as Trump gave conciliatory gestures toward China and his central bank chief (Bloomberg)

• US markets rallied as the Treasury secretary said the China trade war is ‘unsustainable’ (FT)

• Capricorn Metals’ chief Paul Criddle has been temporarily stood down after an aggravated assault charge (AFR)

• Dataroom speculated that Vault Minerals may soon launch a share buyback, as opposed to a previously suspected hedgebook cancellation (Australian)

• MP Materials, owner of the US’ only rare earths mine, has stopped sending supplies to China amid trade war (MNN)

• BHP is preparing to begin looking for a new CEO in the coming months, with key lieutenants already jostling for positions (Bloomberg)

• Greatland will buy out director options to meet ASX listing requirements (BN)

• Malawi police have been asked to investigate links between Chinese rare earths giant, China Northern, and men detained at Lindian’s site (Australian)

• BHP is again being threatened by a union, with its two flagship iron ore mines increasingly the target of unions trying to muscle into the Pilbara (West)

• African rare earths could be shipped to Australia for processing under a JV uniting Iluka & RareX, as well as the US-aligned Kenyan gov’t (Australian)

• Central banks will keep buying gold in a push to diversify away from paper currencies, according to John Paulson (Bloomberg) From the ‘Big Short‘ man who just bought a gold mine off Barrick

• Barrick will sell its 50% interest in its Alaskan project Donlin to John Paulson & Novagold for US$1b in cash (80% and 20% respectively), with Novagold having the option to purchase the outstanding debt up to US$100m (GOLD.NY)

• Triple Flag will acquire Orogen Royalties for C$421m, retaining its 1% NSR on the Silicon gold project while spinning-out the rest, keeping 11% interest in SpinCo (TFPM.NY)

• Centerra Gold has acquired 9.9% interest in Thesis Gold via placement of C$24m new shares at a 10% premium to the 5-day VWAP (TAU.V) Thesis’ Lawyers-Ranch is ~45km from Centerra’s Kemess mine

• The Federal Court of Australia has approved the De Grey / Northern Star scheme, with the scheme set to be implemented on 5 May (DEG)

• Nebari converted another US$2.1m of its convertible loan facility with Pantoro Gold into shares, reducing the company’s total debt position to ~US$6.3m (PNR)

• Prospect Resources completed its $15m strategic placement to First Quantum, with the shares subject to a 18-month voluntary escrow period (PSC)

• Liberty Gold closed its C$23m bought deal offering to advance its Black Pine gold project (LGD.TO)

• ATHA Energy raised C$10m to advance its portfolio of uranium assets (SASK.V)

• There’s a bit of scuttlebutt floating about that MinRes is looking to deal Bald Hill

• And while we entertain a conversation about who would buy Bald Hill, let’s remember that Mt Cattlin is also up for grabs as it’s certainly sub-scale for its now ultimate owner, Rio Tinto

• And on top of that, let’s not forget that Leo Lithium is sitting pretty with a big pile of cash, looking to acquire a lithium asset, and benefitting from the optionality that cash provides as valuations peel off across the lithium sector

• Dryblower: cashflows driving gold miners higher (MNN)

• Deep Yellow’s Borshoff laments “broken” uranium market (BN)

• Major Advances in E.V. Batteries Are Announced by CATL (NYT) 5-min charging for 520km range

• WAM Income Maximiser; minimal uptake (taxloss Substack)

• Why Aussies are queueing up at Martin Place to buy physical gold as prices surge (Livewire)

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