The Pre-Start

Prospector Metals is up 283% on the back of a discovery hole of 44m @ 13.79 g/t Au and 1.84% Cu (PPP.V)
Delta Lithium shared an update across both its projects, with further targets identified and a rig being mobilised this week (DLI)
Ballard shared that it’d received works approval for the construction of up to a 2Mtpa plant and tailings facility at Mt Ida (BM1)
Midnight Sun released initial intercepts within the Dumbwa target in Zambia, hitting 0.51% copper over 40m from 100m (MMA.V)
Carnavale’s updated scoping study for Kookynie delivered a pre-tax NPV₈ of $188m & 165% IRR on a 5-year life, with a max drawndown of $21m. It assumed A$5,500/oz gold and dropped the cut-off grade for this update (CAV)
Ruffer reduced its holding in Alkane to 7.7% (ALK)
New presentations were shared by Cygnus & Southern Palladium

High Grade It

BHP has warned that high energy costs will be a factor Australian investment decisions, after it delayed a decision on extending its copper refining & smelting facility at Olympic Dam, though it continues to invest in the asset (AFR)
Investors hoping that the lithium glut is finally starting to ease have been dealt a brutal blow after Chinese authorities green-lit a key report for Jianxiawo (AFR)
Rio has flagged QLD’s largest coal-fired power plant could close 6 years earlier than expected as its major customer shifts to low-emission electricity sources (Australian)
Gold hit a new all-time high of US$3,895 as the US began a govt shutdown, threatening upheaval, including delays to key economic data (Bloomberg)

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Glencore is among the parties vetting BHP’s nickel assets according to Street Talk, with the dataroom now open (AFR) lol
Stellar has picked up for ground by acquiring the Granite Tor project in NW Tasmania (SRZ)
Pantera completed the sale of Smackover to EnergyX (PFE)

🦆The ducks are quackin’🦆

NexGen is raising $400m at A$13.10 per share PLUS a further C$400m bought deal financing in Canada (NXG)
Collective Mining announced a C$100m bought deal financing (CNL.TO)
Skeena Resources launched a C$125m bought deal offering at C$24/share (SKE.TO)
Guanajuato Silver upsized a raise to C$43m via a bought deal public offering for its Mexican mining operations (GSVR.V)
Omai Gold Mines upsized a raise to C$40m via a bought deal public offering to advance its Guyanan gold projects (OMG.V)
Apollo Silver is raising C$21m via private placement (APGO.V)
Largo received binding term sheets from its Brazilian banking syndicate to defer repayments on its C$84m debt, subject to a C$30m capital raise (LGO.TO)
NGEx upsized its raise to C$175m (NGEX.V)
Saturn Metals upsized its raising to $45m (STN)

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High conviction (Livewire) Mark Landau & Simon Mawhinney on markets, gold, MinRes, uranium, copper, K92, NexGen
The Killer Combo - Koyfin + Perplexity Pro (Trader Ferg)
Ferg’s Finds (Tin Special) (Trader Ferg)
Gold fund promised 50% returns in 18 months. It took them six (AFR) Victor Smorgon Group success
Blackstone's Jon Gray on Markets (BX Vid) For those curious about how the world’s largest alternative asset manager is investing. Countless fascinating insights
AustralianSuper spells end of coal mining troika (AFR Rear Window)
Australia better hope China remains a paper tiger on iron ore (Australian oped)