• Oil jumped to a five-month high of $80 after the US bombed Iran’s nuclear facilities, increasing the likelihood that Tehran will respond by attacking energy infrastructure (FT)

• The DRC has extended a temporary ban on cobalt exports for an additional three months due to the continued high level of stock on the market (Bloomberg)

• Teck is weighing options to expand production of germanium and is currently talking with govt’s, including Canada & the US, on available funding (Reuters)

• Tasmania’s would-be next premier, Dean Winter, is urging the Albanese govt to radically shake up environment laws by extending an exemption for industries including mining (Australian)

• Niger has said it will nationalise a large uranium project it jointly owns with French nuclear fuel producer Orano, escalating tensions  (FT)

• AFR is reporting that Kinterra Capital has lobbed a bid for New World at 5.7c (AFR) shortly after they were revealed as a 19.2% shareholder in New World (NWC) Buying stake from RCF over the weekend, see Devil’s in the Detail below for more…

• Matsa’s $113m agreement with Anglo over the Lake Carey project has become unconditional (MAT)

• Ausgold secured a farm-in agreement over the Kulin gold project, which sits 75km north of Katanning, with Critica (AUC)

• Firefly completed its bought deal offering, raising $70m before its SPP (FFM)

• Here’s a thought… Suppose the new floor price for gold proves to be US$3,000/oz

• And now suppose the latest conflict in Iran risks destabilising it’s neighbour, Pakistan

• Fast forward 10 years, will Barrick look particularly foolish for selling Donlin to focus on Reko Diq?

• The project is ~100km from the border shared between Iran and Pakistan in Balochistan, already a hotspot for insurgency…

• Both Reko Diq and Donlin are enormous projects requiring ~US$9Bn to build. Would you rather be putting that capital to work in Pakistan or in Alaska right now?

• The photographer, the mother-in-law and Ellison’s lithium windfall (AFR)

• Arthur Kroeber (Gavekal Dragonomics) interview - A fascinating convo on why central planning has actually worked in China

• The art of (closing) the deal is a minefield for merger arb funds (AFR op-ed) Discusses examples including why STO is trading 15% below bid

• A Battery That Lasts 50% Longer Is Finally in Production (WSJ) Is the West closer to a solid-state breakthrough?

• Industrial salt the next hot commodity? Kerry Stokes is hoping so (AFR) A dive into BCI Minerals

• Kinterra Capital interview (FEG) Hear from the founders of the PE group pursuing NWC

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