The Pre-Start
Capstone has resumed full operating rates at Mantoverde, following the motor failure in the ball mill announced late in August (CSC)
Perseus secured approvals for underground development and mining at Yaouré, in Côte d’Ivoire. First ore from the CMA underground planned for Jan 2026 (PRU)
Vault continues with its buyback, having spent the first ~$5m buy stock up to a price of 65c (VAU)
Leo Lithium outlined plans to monetise its remaining assets and return all net proceeds to shareholders, totalling $330m, spread over 2 tranches, later this year (LLL)
Ero Copper released assays from its 28,000m Furnas drill program, where it intercepted 115m at 0.98% CuEq, from 647m (ERO.TO)
Lunnon executed an ore purchase agreement with Gold Fields (St Ives) over Lady Herial ore, splitting future free cash flow LM8 70%, GFI 30% (LM8) Up 15%
Sitka Gold drilled 236m of 1.11g/t gold from surface at its Rhosgobel discovery in the Yukon (SIG.V) Up 20%
Black Canyon added Clinton Moxham to help advance Wandanya (BCA)
CDI’s of Dundee Precious Metals have commenced trading on the ASX following the Adriatic takeover (DPM)
New presentations were published by Vulcan & Resolution Minerals,
High Grade It
Documents detailing alleged misconduct by Chris Ellison and MinRes will remain under wraps after a court refused to lift sweeping suppression orders (AFR)
China’s exports of rare-earth products jumped to a record in August ahead of an expected call between Xi Jinping and Donald Trump (Bloomberg)
Rio Tinto is expected to axe a substantial number of its top 100 executives as new boss Simon Trott continues to reshape the miner (AFR)
Queensland Coalfields mayor slams LNP government over mining job cuts, saying “communities are caught in the crossfire” (Australian)
Malian prosecutors have appealed a judge’s order to release four Barrick Mining employees on bail (Bloomberg)
Curious about what a A$5,500/oz gold price can do for you? Get in touch with the Blue Cap Mining team and let them unlock the value you’ve got in the ground, today!
Wheelin’ n Dealin’
Rattlin’ the Tin
Word on the Decline
One of the whispers from Beaver Creek was that Elliott has already been building a position in Barrick…
Got Word on the Decline? Simply reply or email [email protected]. We will always take your privacy seriously.
In the Weeds
Commodities could be on the verge of a new super cycle (Reuters op-ed)
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Today’s Top Tweet
I’m now 80% in ASX 🇦🇺 stocks, and one day, it might be 100%. Feels better knowing I won’t wake up to an after-market equity raise with WARRANTS & LIFE on crappy Canadian CSE & TSX exchanges under extremely loose regulations, while the draconian ICA keeps a lid on M&A potential.
— #Praise ꓘeK Inquisitor (#@PraiseKek)
7:39 PM • Sep 18, 2025
Macro bears you are so close keep going
— #Sound Dobad (#@SoundDobad)
11:53 AM • Sep 18, 2025
“Just one more bonus and I’m going to leave investment banking next year”
— #Boring_Business (#@BoringBiz_)
12:44 PM • Sep 18, 2025
Catch up on our latest episode
🟢Spotify | 🟣 Apple Podcasts | 🟥 Youtube
The Fremantle Fundie that picked WA1 at 20c and Almonty at $1
Stocks mentioned in the episode include: WA1 AII QTWO.v ADT NWC MAC FFM GLEN.l CCE.v MRZ MIN MTM IPX PNR YRL BOE TRE JRV
New episode out at 5pm today!