The Pre-Start

Centaurus is in trading halt pending an announcement relating to power access for the Jaguar project (CTM)
Genesis corrected its drilling results from yesterday, which outlined it more than doubling in exploration budget to $40-50m for FY26 (GMD)
Nexus’ completed drilling of the Payns prospect within Wallbrook, with results such as 5m at 8.1g/t Au, including 1m at 30g/t Au from 39m (NXM)
Asra completed RC drilling at its Eclipse and Challenge prospect including 15m at 10.2g/t Au from 12m (ASR)
DY6 shared assays from the Central Rutile project, with auger and channel samples mostly grading below 0.8% rutile (DY6) Stock down 28%
Black Cat said that mining has commenced at the Majestic underground mine with an initial blast of the main portal (BC8)
Future Battery announced 10 assays from drilling at Miriam, with a headline of 33m at 1.57g/t Au plus discovery of a new south-west extension of Forrest (FBM)
Jupiter AM lifted its stake in gold flier Falcon to 6.9% (FAL)

High Grade It

A legal battle between MinRes & WA govt has intensified as partners Baowu & POSCO join the miner’s crusade against port charges (Australian)
Copper climbed toward its key threshold of $10k/t on the LME, after advancing last month on a weaker US dollar and relatively resilient demand (Bloomberg)
OECD boss Mathias Cormann has slammed China and taken a veiled swipe at Trump for ‘lost trust’ in global trade, saying Australia must invest in critical minerals and AI (Australian)
Glencore revealed planned job cuts at its South African ferrochrome and vanadium operations (Reuters)

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Wheelin’ n Dealin’

There’s a bit going on behind the scenes (and on the forums) in relation to Capricorn’s acquisition of Warriedar Resources. The 2^nd largest WA8 shareholder has provided a voting intention statement suggesting they will not support the deal. And they have posted it to HotCopper! The retail army might just manufacture an uplift here. Note arb fund Trium became a substantial shareholder two weeks ago as well…
Sinomine will invest A$3m for shares in Cobre and then have the right to purchase a 70% interest in Cobre’s Okavango project in Botswana for A$7m (CBE)
Middle Island acquired a private exploration company with a portfolio of assets in Serbia, raising $3.4m alongside the deal (MDI) stock up 80%…

Rattlin’ the Tin

Federation Mining has put its IPO plans on the back burner, pivoting to a private capital round to fund its Snowy River Gold Mine (AFR), renaming to Endura Mining and led by Jake Klein & Jim Askew
Black Rock Mining received firm commitments to raise $10m at $0.021 per share to fund Mahenge Graphite Project (BKT)

Word on the Decline

This is the Cameco goss. And we heard it’s a British Westinghouse guy to take the new CEO spot. Now think through the implications for Cameco’s deal appetite

As i'm now getting DMs, last night Doug Beattie stated that Tim Gitzel of Cameco was about to announce his retirement. Seemed confident of the intel and mentioned it in a couple of ways.

Take the above fwiw, don't get Spartan on messengers.
— #Mark (#@Mark_IKN)
2:28 PM • Sep 1, 2025

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In the Weeds

The Inflationary Surge is About to Begin (GoRozen)
L1 Capital takes growth hunt offshore. Here are 7 stocks it’s buying (AFR’s Chanticleer) NexGen mentioned
Forrest picks a Chinese winner (Dryblower) Praising the RMB-denominated loan
Onslow Iron: full year wrap - 2 minute YouTube video
Caught between Trump and China: the dilemma for the big Western miners (Volt Rush Substack)
A couple of great pods on China:
- Breaking Down China’s Tech Surge (BG2) Tech-oriented. Host just visited China, spending time at BYD, Xiaomi
- Louis-Vincent Gave: Understanding China's Structural Growth Drivers (MacroVoices)
China's Aluminium Factories Are Changing to Escape a Crushing Price War (Bloomberg)