Matthew Horgan

Focused and intensive progress towards providing a secure antimony source to the world.

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Another MHM article from Investing.com highlighting the details of our upcoming IPO. Bring on the activity in the prolific Cobar basin! Check out www.mounthopemining.com.au for more info

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The new chief executive, who served as Freeport’s chief financial officer for almost two decades, said copper’s recent rally to an all-time high above $11,000 per tonne on fears about supply was just the start of a “new era”, adding that there will be a “very tight market for the foreseeable future”. Instead of M&A, Freeport is banking on expanding a new leaching technology, which is already generating about 90,000 tonnes annually of extra output, to boost output by up to about 360,000 tonnes within five years — equivalent to a large copper mine. A number of smaller miners, such as Canada’s Lundin Mining and First Quantum, could become targets for the bigger groups in merger activity. Christopher LaFemina, analyst at Jefferies, said that Freeport combining with another Canadian miner, Teck Resources, would make “strategic sense” if the company pursues more aggressive growth under Quirk. “We would not be surprised if Freeport eventually pivots more to a focus on growth, including via M&A, as value-accretive opportunities will probably emerge,” he said. Culpeo Minerals $CPO #drilling #discoveries #mines #copperstocks Max Tuesley Sergio Uribe Valdés Yerko Lopez Bugueño Ruben Angel Cahuana Ari Paul Schmiede William Henry Quispe Garcia Susan Kerr

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Metals Australia Ltd has released its Quarterly Activities Report for the quarter ended 31 March 2024.   Highlights include: ◾ Commencement of highly experienced Mining Executive, Paul Ferguson, as Chief Executive Officer. This has enabled the Company to significantly advance planning and preparation for the exploration, metallurgical test work programs and design studies required to move its flagship Lac Rainy high-grade #graphite project towards development. ◾ The company hosted an investor booth at Prospectors & Developers Association of Canada (PDAC). The convention was hugely successful with significant contacts and connections established, who have expressed their interest in our project. Connections include government representatives, fund managers, investors and a wide range of technical services and engineering companies covering all aspects of the study programs required to advance the companies projects. This helped raise the profile of the Lac Rainy project, along with our other Quebec based projects. Follow up meetings with the government and supportive, Quebec based, exploration and project investment funds has further enhanced our profile in Canada. ◾ The Company held strategic planning workshops in Australia and Canada to review the extensive portfolio of high-quality exploration tenements held by the group. Strategic plans and priorities were developed for each project and plans are advancing to progress further exploration and metallurgical test programs. The Company is also investigating additional exploration or project opportunities where they add scale or accelerated pathways to development. The balance of the financial year will see further announcements, outlining plans. Read full report here: https://bit.ly/3QtvKO3 #ASX #MLS #exploration

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BHP, the world’s biggest miner, and Canada’s Lundin have agreed to acquire South American copper miner Filo in a $3bn deal, in the latest sign of consolidation in the global mining sector. BHP has been on the hunt for copper assets after it walked away from a £39bn offer for Anglo American in May. That takeover attempt was primarily driven by the Australian company’s desire to acquire the London-listed miner’s copper assets in South America as the metal’s price boomed. The Filo deal means BHP and Lundin will take full control of the Filo del Sol prospect, which straddles the Argentine and Chilean border near the copper-rich Atacama Desert.  #copper #drilling #discoveries #Chile #greatplacetowork #chileanos #greatpeople Culpeo Minerals $CPO Max Tuesley Sergio Uribe Valdés Ruben Angel Cahuana Ari William Henry Quispe Garcia Paul Schmiede Susan Kerr Rob Hallam Jesse D'Sylva George BouAntoun Kaiden Gilbert

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A copper shortage is on the horizon, according to industry insiders. Copper miners foresee a looming shortage, with industry leaders like Glencore warning of a significant deficit. BHP estimates a $250 billion investment requirement by 2030 to meet rising demand, yet only a fraction of new production has been sanctioned. As building new mines becomes costlier, companies are turning to mergers and acquisitions instead. Commodity prices aren't quite high enough to make new production worthwhile. What does the future hold for copper? Full article: https://shorturl.at/oDRV3 #mining #coppershortage #coppermarket #copper #coppermining #cleanenergy #miningnews

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Battery prices must come down for mass adoption. The tricky part is to preserve decent incentives for miners! That is if we want to have the materials to make the batteries, of course... 🔹 Pilbara Minerals Limited | PLS 🔹 Core Lithium LTD | CXO 📊 Bloomberg News #lithium #EVs #EnergyTransition

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My presentation on Strata from the Rick Rule Symposium.

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Woke up with a question in my head (as I do most days!) ... and went looking for the answer ... The all inclusive cost of exploration ... and how different is the cost of drilling new vs known deposits? ... well, in Australia, the cost of exploration per meter drilled has doubled over the last five years (CPI indexed to 2023). Next question: - Has our discovery rate doubled in that time? Corollary Question 1: - What has caused this increase in costs? technology? people? permitting? Corollary Question 2: - Has technology over last 5 to 7 years improved discovery rates? (... the problem with answering questions ... there are always more questions buried beneath!)

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With Fastmarkets International Critical Minerals and Metals Summit kicking off in Bali this week, it feels only fitting to take a look at the big themes facing the global nickel market. Fastmarkets' own James McKeigue looks at Indonesia's increased nickel dominance, the response to this dominance as well as exploring whether its ESG footprint could be Indonesia's Achilles heel: https://fmrkts.com/4eezGeV #FastmarketsMetals #criticalminerals #IndonesiaNickel

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We published our Q3 Operational Review this morning. Another solid quarter of operating performance with all businesses on track for FY24 guidance (production and costs), bar a continued challenging period for BMA. Copper production was up 10% year to date vs prior year, up from 7% at the half year, helped by record year to date performance at Spence, good performance at Copper South Australia and improved grades and production at Escondida. Our Western Australian Iron Ore business delivered another consistent period of production despite heavy rainfall in the Pilbara and tie-in work in the quarter. BMA also experienced significant weather (including two tropical cyclones) and operational challenges. https://lnkd.in/eyx89TGh

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Fortescue Cutting 700 Jobs Fortescue Metals Group, one of Australia's largest companies, has announced it is cutting 700 jobs worldwide. Despite its ambitious green goals, the company has struggled to meet investor expectations. Founded in 2003, Fortescue is now the fourth-largest iron ore producer globally. The company is also leading the way in green hydrogen technology, aiming for net-zero emissions by 2030. However, to address financial pressures caused by these ambitious goals and rising energy costs, Fortescue is restructuring its business and scaling back its hydrogen projects. This situation highlights the challenges of balancing innovation with shareholder value and long-term growth.

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Congratulations to Glencore on its latest economic contribution report, which shows its Australian operations directly contributed $23.5 billion to the national economy last year and provided 17,460 jobs. Glencore is one of Australia’s largest producers of coal, zinc, lead, copper, and nickel and operates more than 22 mines across the nation. In addition, the company also operates several metals processing facilities including concentrators, smelters, and refineries. Read more > https://lnkd.in/gTB7CBG8. #Resources #Mining #Economy #Contribution #Employment #Metals #Minerals #Processing #Glencore #GlencoreAustralia #Australia

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Matt Szwedzicki, Managing Director of West Cobar Metals Limited (ASX: WC1), shares with us the potential multi-commodity aspect of the Newmont deposit in today's Coffee with Samso 196. The company has come a long way in its new strategy of bringing in Titanium and Scandium. Credit goes to the management for looking at the alternative value of the Newmont project. If the Scandium and Titanium strategy holds ground, the shareholder value will be very interesting. Listen to Matt here: https://hubs.ly/Q02tHPgN0 01:43 More ground for Salazar 01:56 An updated exploration target 02:22 Realisation that Newmont is different 02:40 The Titanium Factor 02:59 Titanium Exploration Target 03:06 Presence of HPA 03:30 Flow Sheet 04:52 Titanium Mineral Study 06:05 What about this Scandium in Salazar? 07:32 Is Newmont more of a Critical Minerals project as opposed to a Rare Earth project? 09:02 Is there enough volume for the other commodities to be economical? 10:47 What triggers should investors look for to take a position in companies like WC1? 12:55 All about Scandium 14:40 Why is Scandium exciting? 15:43 The high pricing of Scandium. 16:41 Supply bottleneck may be changing 17:50 US Defense Department looking out for Scandium 18:24 Solid oxide fuel cell use of Scandium - green fuel transition 19:13 Where will the new mines come from - reasons why Newmont is the front runner 19:46 Newmont may have a potential positive metallurgical pathway 21:17 High grade vs. normal grade of Scandium 22:48 News Flow 24:43 A Natural pivot for WC1 #Samso #Investments #CoffeeWithSamso #RoosterTalk #SamsoInsights #NoelOng #MineralExploration #ASX #compellingASXstories #Patreon #WestCobarMetalsLimited #WC1 #Scandium #SalazarProject #REE #RareEarths #MattSzwedzicki

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Nowadays, miners looking to shine need exposure to copper, the future-facing commodity whose price is expected to rocket as the energy transition wraps electricity cables around the earth.  The problem is that picking up copper assets on the cheap is hard to do in a market that appears to be entirely populated by copper bulls. The strong performance of Chilean copper miner Antofagasta, whose shares have gained nearly 30 per cent in the past year, compared with diversified groups such as BHP and Rio Tinto, offers a clue as to the value differential that has opened up.  Culpeo Minerals $CPO #drilling #discoveries #mines #equities Max Tuesley Sergio Uribe Valdés William Henry Quispe Garcia Yerko Lopez Bugueño Paul Schmiede SUSAN KERR Jesse D'Sylva Kaiden Gilbert Max Carter-Mazak Rob Hallam

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Waratah Minerals is thrilled to announce a successful capital raise, securing $3 million through a share placement to a group of institutional, sophisticated, and professional investors. This strategic infusion of funds will accelerate our endeavors at the Spur Gold-Copper Project, focusing on RC extensional and exploration drilling, core drilling, and target definition geophysics. The additional general working capital will further bolster our operations. We are proud to highlight the significant backing from major shareholders who are well-known in the mining industry: Stuart Tonkin, CEO of Northern Star Resources Limited (NST), and Timothy Goyder, Chairman of DevEx Resources (DEV), alongside esteemed institutions such as Farjoy Investments and Nero Funds. Their substantial support underscores the confidence and potential seen in our project and team. We're excited about the prospects of making discoveries akin to those of the renowned Cadia Gold Mine, known for its substantial gold production. This capital raise marks a pivotal moment in our journey towards exploring and potentially expanding a significant mineral discovery. ASX Announcement: https://bit.ly/3UbIKci #ASX #WTM #gold #graphite #mining #investment #waratah #minerals

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With Fastmarkets International Critical Minerals and Metals Summit kicking off in Bali this week, it feels only fitting to take a look at the big themes facing the global nickel market. Fastmarkets' own James McKeigue looks at Indonesia's increased nickel dominance, the response to this dominance as well as exploring whether its ESG footprint could be Indonesia's Achilles heel: https://fmrkts.com/3MyyFmf #FastmarketsMetals #criticalminerals #IndonesiaNickel

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A few weeks ago, Professor Rod Sims AO and I spent a couple of hours going through the steel industry decarbonisation transition that is shifting global supply chains and creating demand for green iron as the new feed stock for green steel mills. Rod's keynote address at today's CEDA event centred on Australia's enormous emergent opportunity: to take full advantage of our renewable energy "comparative advantage" (we have it, others need it) by creating new export industries that EMBED that energy in products that other nations need to meet their climate commitments - starting with green iron. In this way, Australia can not only punch well above its weight in terms of emissions reductions, but also reap the massive economic rewards on offer - making Australia an "economic superpower". The Superpower Institute However ... there is no green iron industry without premium grade iron ore concentrates to feed it, such as those that will be produced by Magnetite Mines' massive Razorback Iron Ore Project in South Australia. Department for Energy and Mining, South Australia

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