China Claps Back in Tariff War

Gold price hits another record overnight

The Pre-Start

  • Meteoric reported assay results from recent drilling at its Agostinho prospect at Caldeira, including 24m @ 6,918ppm TREO with 27% MREO (MEI)

  • Hillgrove provided a Jan ‘25 update on Kanmantoo operations, including in-situ copper mined of ~1.1kt and improvements in grade processed & development rates (HGO)

  • Brightstar received final assay results from its diamond drilling program at Jasper Hills, including 20.4m at 3g/t Au from 197m (BTR)

  • Strickland received assay results from 2024 drilling at the Gradina prospect at Rogozna, including 14m at 8g/t Au from 517m (STK)

  • Aurumin reported an increase to its Plum Pudding resource to 18.7koz, increasing the overall Sandstone resource to 951koz (AUN)

  • Cyprium updated its resource for its Maroochydore copper-cobalt project to ~370.8Mt at 0.43% Cu and 227 ppm Co (CYM)

  • VRX Silica provided an update on environmental approvals for Arrowsmith North, advising that the Conservation Council of WA lodged an appeal in response to the EPA’s assessment report for the proposed development (VRX)

  • Green Technology Metals provided an update on its lithium conversion facility & PFS workstreams (GT1)

  • Alara’s 11th copper concentrate shipment was dispatched from Majaza copper-gold mine on Oman (AUQ)

  • Canyon Resources appointed Peter Secker as CEO (CAY)

  • BlackRock increased their stake in Bellevue Gold to ~16.9% (BGL)

  • Norges Bank just became a substantial holder of MinRes (MIN)

High Grade It

  • China whipsaws markets with retaliatory tariffs, including 15% tariffs on US coal and LNG products and 10% on crude oil, agricultural machinery and certain vehicles (AFR)

  • WA turns up heat on Albanese over native title as miners fear the worst for industry future (Australian)

  • Rio Tinto faces new iron ore shipping snarls due to more WA cyclones (Reuters)

  • Predictive Discovery adds Zijin and the Lundin family as shareholders in $69.2m raise (West)

  • WA Labor calls for federal support to revive BP green fuel project (AFR)

  • Banks at Mining Indaba: "This is the beginning of a golden age for African mining sector" (MNN)

  • Federal gov’t nears a mining production tax credits deal as industry urges action (West)

  • France in focus as Europe’s electricity import needs swell (Reuters)

  • Electricity reserve alarms spike to more than 2-year high amid spate of coal outages in NSW (Australian)

  • Kiwi billionaires back Fortescue bid for Red Hawk (BN)

  • Mining Indaba: Africa must shift to local mineral processing amid US trade aggression (Mining.com)

  • Vietnam to talk soon with foreign partners on nuclear power plants (Reuters)

Rock Solid Data, by Mineral Metrics

Some handy stats on lithium projects around the world from the clever folks at Mineral Metrics

Wheelin’ n Dealin’

  • Fortescue has a relevant interest of 78% in Red Hawk as part of its off-market takeover, triggering the increased offer condition ($1.20/sh consideration) (RHK)

  • Mattiq, Heraeus Precious Metals partner to advance green hydrogen production (Mining.com)

  • TSX-V listed Cerrado Gold to acquire Ascendant Resources (Mining.com)

  • Pilbara Minerals completed their acquisition of Latin Resources (PLS)

  • Solstice Minerals entered into a sale & purchase agreement with Cyprium to acquire the Nanadie copper-gold project in the Murchison region of WA (SLS)

Rattlin’ the Tin

  • Adani lines up mega debt deal in litmus test for coal financing (AFR)

  • Dreadnought raised $4.1m to advance its Mangaroon gold project, including $1m from Black Cat to secure a first right to negotiate with and agree terms on the development of Mangaroon (DRE)

In the Weeds

  • These are all the US goods China is targeting with tariffs (Bloomberg)

  • Australia must catch up and get serious about cutting red tape (AFR)

  • More Trump tariffs (and deals) – implications for investors and Australia (Livewire)

  • Indonesia, home to the world’s largest nickel reserves, struggles to achieve its EV dreams (Rest of World)

  • Strictly Boardroom: Strategic Management of Resources Companies (MNN)

  • The $100,000 metal? Unlocking investment potential in antimony’s supply crisis (Livewire)

  • Beijing prepares its opening bid to talk trade with Trump (WSJ)

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