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- Gold Sails Through US$2,900/oz
Gold Sails Through US$2,900/oz
Trump says tariffs coming on steel and aluminium
The Pre-Start
Hot Chili reported assay results from RC drilling at La Verde, including 320m at 0.3% Cu and 0.1g/t Au from 34m (HCH)
Arizona Lithium to deploy Koch commercial scale DLE technology at its Prairie project (AZL)
Stellar Resources reported further drilling results from the Queen Hill and Severn prospects at its Heemskirk tin project, including 23.3m at 2.20% Sn from 296m (SRZ)
Challenger Gold provided an update on toll milling progress at Hualilan, with final open pit mine design & mining schedules completed, PFS due for completion Mar ‘25 (CEL)
Matsa reported results from its 767m EIS supported diamond drill hole completed at Fortitude North, including 22.4m at 9.2g/t Au from 330m (MAT)…see Wheelin’ n Dealin’ below
Alkane now has a ~6.3% stake in Medallion after participating in the recent capital raising (MM8)
Mayur Resources finalised a community development agreement for its Central cement and lime project (MRL)
High Grade It
Trump set to announce 25% steel and aluminium tariffs on all imports into the US in latest trade escalation (Reuters), with a call scheduled between Trump and Albanese to make the case for an Australian carve out (ABC)
Pure play lithium producer Pilbara Minerals flags H1 net loss at it weights up its downstream investment timetable (Australian)
Canada invests C$43.5m in Quebec critical mineral projects (MNN)
European gas prices hit two-year high as supply fears intensify (Bloomberg)
AG&P LNG details plans to fast track gas imports to SA and Victoria (Australian)
Quiet fall for a notorious WA lead mine which has gone into administration after a failed bid to fund a processing plant (BN)
Trump tariff threat puts Aussie aluminium smelters on edge (Australian)
Tax breaks for critical minerals companies that set up downstream processing & refining will get a tax break from mid-2027 was passed in government (West)
Global Lithium fights alleged Chinese takeover for their Manna lithium project (Mining.com)
Gold hits another record high as Trump drives haven demand (Bloomberg)
Wheelin’ n Dealin’
According to Dataroom, Regis have reportedly tapped investment bank Greenhill in pursuit of the $2bn Ravenswood gold mine, with first round bids of the sale process due later this month (Australian)
Patronus on-market takeover offer of 4.5c not really cutting the mustard, with Matsa up another 19% today on the back of drill results….now sitting at 5.6c
Japan’s Nippon Steel is considering a “bold” change in plan from its previous approach of seeking to buy US Steel (Reuters)
Fortescue’ off-market takeover bid for all the shares of Red Hawk Mining is now un-conditional (RHK)
Astral now holds ~29% of Maximus as part of its off-market takeover offer (MXR)
The Poseidon and Horizon Minerals scheme is now effective (HRZ)
TNC Non-Exec Chairman Paul Cronin bought another $319k worth of True North Copper shares on market (TNC)
Ordell Minerals consolidated tenements around its Goodia project near Norseman (ORD)
Rattlin’ the Tin
In the Weeds
Today’s Top Tweet
Interesting half for $PLS $PLS.AX. Underlying Net Loss after tax.
This is despite having a $406US FOB cost, no debt and a big cash pile.
Plug these metrics into your higher cost Lithium plays.. 😲🤮
#UndergroundIsCheaperLol#Lithium
— TwinTurboCelica (@TwinTurboCe1ica)
10:06 PM • Feb 9, 2025
Devil’s in the Detail
Capricorn reminds us that patience is a virtue in their recent investor preso discussing Mt Gibson’s permitting pathway, with a Warren Buffet quote to boot.

CMM’s Feb 2025 investor preso
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