CATL Closure Sends Lithium Stocks Flying

Capstone presses go on Mantoverde expansion, Rio eye BHP's potash future

August 11, 2025

The Pre-Start

  • Capstone has sanctioned Mantoverde Optimised, expanding throughput from 32ktpd to 45ktpd, lifting copper & gold output by 20kt & 6koz (CSC)

  • Lindian received stage 2 mining licence expansion approval, allowing for a production expansion over which Iluka has the ROFR (LIN)

  • Many Peaks published further results from Ferké, hitting 75m at 6.1g/t from 427m (MPK) Stock up 15%

  • Victory Metals updated the MRE at North Stanmore in WA, which now stands at 320Mt at 510ppm TREO (VTM)

  • Cyclone Metals published a scoping study for Iron Bear in Canada, targeting 25Mtpa (Base case; 16Mt BF magnetite con., 9Mt DR pellets), 18-year LOM, NPV8 US$9.8B, 18.6% IRR and pre-production capex of US$4.6B (CLE)

  • Astral shared assays from 15 diamond holes at Kamperman, with results including 6.6m at 2.4g/t from 23m (AAR)

  • Rumble released a maiden tungsten resource of 13.2kt at Western Queen (RTR)

High Grade It

  • CATL has suspended production at a major lithium mine in China's Jiangxi province for at least 3 months (Bloomberg), with traders flying drones over the mine to gauge the state of operations (Bloomberg)

  • Rio Tinto is aiming to cut BHP’s potash lunch as it tests low-cost mining, while avoiding the need for deep shafts (AFR)

  • Australia’s gold miners have turned their backs on the security of guaranteed sales for their bullion in favour of the spot market, underlining the overwhelmingly bullish sentiment (AFR)

  • Dataroom reported that short sellers in Liontown have been caught in a bind after China's Canmax Tech swooped on $50m of new stock (Australian)

  • HSBC has lifted its silver price forecasts for 2025, 2026, and 2027, citing strong support from high gold prices and safe-haven demand (Reuters)

K-Drill has put together an explainer to help you get to the bottom of drill results, asap. For a driller who can mobilise rapidly & deliver reliable results, call K-Drill.

Wheelin’ n Dealin’

  • Barrick has agreed to sell its Alturas project in Chile to a subsidiary of Singaporean group Boroo for an upfront payment of US$50m plus a 0.5% NSR (B.NYSE)

  • Minera Alamos will acquire a 100% interest in the producing Pan gold mine and other Nevada assets from Equinox Gold for US$115 million (MAI.V)

Rattlin’ the Tin

  • Waratah is raising $30m at 57.5c (WTM)

  • Benz is in a trading halt pending announcement of a capital raising (BNZ)

  • Santana raised $60m from a placement while running a $3m SPP (SMI)

Word on the Decline

  • OK, last Bellevue rumour for a while and we will then cool our jets… This one is a theory we have written about previously, but it still seems to be a popular thesis within the investment circles…

  • A Bellevue-Catalyst merger of equals is still a possible outcome

Do you have some Word on the Decline? Reply to this email or shoot a message to [email protected] directly. We will always take your privacy seriously.

In the Weeds

  • How Geologist’s whipsmart instincts helped unearth one of country’s richest copper-gold deposits (West) Margy Hawke’s DeGrussa story

  • The discovery of Andover - Discovery Files (Spotify)

  • The fundie who’s made his name on well-timed contrarian trades (AFR) Long Fortescue

  • Harris “Kuppy” Kupperman’s quarterly letter (Praetorian Capital):

I started speaking with more management teams, as I felt our scale gave us access, which should theoretically be a competitive advantage—it wasn’t an advantage. It only served to anchor me as management teams misdirected me from the truth.

Kuppy, Praetorian Capital

Were you forwarded this email from someone else?

Today’s Top Tweet

#FreeDwayne

Devil’s in the Detail

Can ya spot the common denominator amongst the Top Gainers on Focus this morning…

Catch up on our latest episode

🟢Spotify | 🟣 Apple Podcasts | 🟥 Youtube

The Unbelievable Story of How Fortescue Beat the Odds

All information in this newsletter is for education and entertainment purposes only and is of general nature only. The Money of Mine team are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter. Information relating to our Privacy Policy is available online here.

Reply

or to participate.