Member Info for TimberTrader

Hi Bamps! I don't know if you've seen this, or indeed someone may have posted it before, but it's about a scoping study done for Newcrest, by CPC Engineering, and "included the compilation of capital and operating cost estimates." This is only a brief summary though....

https://www.cpcengineering.com.au/projects/newcrest-mining-wa-ocallaghans-tungsten-project

USA Adds Copper to List of Critical Minerals

Yesterday the US USGS and Interior released the final 2025 List of Critical Minerals. COPPER, Silver & Uranium have been added for the first time!

https://www.usgs.gov/programs/mineral-resources-program/science/about-2025-list-critical-minerals

https://d9-wret.s3.us-west-2.amazonaws.com/assets/palladium/production/s3fs-public/styles/half_width/public/media/images/List%20Graphic%20for%20Press%20Release_v6.0_2025.11.05.png?itok=m58tui9w

I appreciate not directly related at this time, but it's certainly of note that, as we know, we have the option on the Paterson Project, which has had significant copper drill intercepts in the past, with multiple holes ended in mineralisation at shallow depths. As I've said before, this means that, initially at least, we would only require RC drilling, which is significantly cheaper than diamond drilling.

Thought that this was worth a separate thread....

Yesterday the US USGS and Interior released the final 2025 List of Critical Minerals. COPPER, Silver & Uranium have been added for the first time!

https://www.usgs.gov/programs/mineral-resources-program/science/about-2025-list-critical-minerals

https://d9-wret.s3.us-west-2.amazonaws.com/assets/palladium/production/s3fs-public/styles/half_width/public/media/images/List%20Graphic%20for%20Press%20Release_v6.0_2025.11.05.png?itok=m58tui9w

NOTE: The list expands critical minerals list to include COPPER, silver & uranium!

Yesterday the US USGS and Interior released the final 2025 List of Critical Minerals:

https://www.usgs.gov/programs/mineral-resources-program/science/about-2025-list-critical-minerals

https://d9-wret.s3.us-west-2.amazonaws.com/assets/palladium/production/s3fs-public/styles/half_width/public/media/images/List%20Graphic%20for%20Press%20Release_v6.0_2025.11.05.png?itok=m58tui9w

https://pbs.twimg.com/media/G5FhguLWoAAp5w4?format=jpg&name=medium

Hi Element! I know that your comment about Shaun Day getting on with it, in talking with US agencies was probably 'tongue in cheek', but I'd just add that, as I've said before, he could well have been doing so already. He mentioned this many months ago, when he stated "We have Australia's largest, and highest grade, Tungsten deposit....Clearly the world wants to diversify away from China exposure, so I think the option value of that Tungsten deposit is now really significant...I think there's some great opportunity with O'Callaghans...I've reached out to the US Government about what they'd like to do".

There have also, allegedly, been meetings in Washington recently, with several Australian mining companies, with officials from various agencies in the Trump administration, looking for ways to take equity-like stakes in companies. This has been advanced with the recent visit of Anthony Albanese.

I'm not saying that we've been involved in any way, but, having dealt with government agencies in the past myself, over potential projects, I know that this type of activity is kept very confidential, so, even if we had, it surely wouldn't have been broadcast, IMHO.

Indeed! Optionality is one of the most important key words in play, and increasingly so with the amazing FCF and zero debt. Shaun Day has talked of this optionality for some considerable time now, but it's clearly more, and more, the case.

Greatland Resources ends the week 5th top ASX 200 stock...

Top 20 INS: Big changes! Everything except DMP is new – which highlights just how amazing that stock's turnaround has been over the last 2 weeks (it made its first appearance in the Top 20 list last week after a withering bear market!). Mainly "bouncing" gold stocks, like EMR, WGX, GGP, RRL, CMM, CYL, GMD, NEM, VAU, RMS, but also big banks CBA, WBC, and BEN on a general re-rating of the sector after NAB and WBC results. LNW announced positive earnings and a share buyback, WDS hosted its Capital Markets Day.

https://www.marketindex.com.au/news/asx-200-stocks-with-the-best-performance-return-momentum-risk-vs-reward-week-45-2025

As I always say, this is the Oz platform, very different from the UK version, and up to speed on the diggers....

3 ASX 200 stocks storming higher in this week's falling market

These three ASX 200 stocks are leaping higher this week despite the broader market retrace. But why?

Greatland Resources and Emerald Resources rallied with 6% and 8.7% increases, respectively, rebounding from a prior gold stock sell-off as the gold price stabilised.

Analysts like Saxo Bank's Ole Hansen suggest the recent pause in gold prices is temporary, with expectations for a continued bull run as drivers of the current rally are expected to re-emerge, potentially making 2026 significant for gold.

The first two companies leaping ahead in this week's slumping market are Greatland Resources Ltd (ASX: GGP) and Emerald Resources NL (ASX: EMR), both ASX 200 gold stocks.

Greatland Resources shares closed last Friday, trading for $7.13, and are currently trading for $7.56. That sees the Greatland Resources share price up 6%.

Emerald Resources also is enjoying a strong run this week. Shares closed last week at $4.74 and are currently changing hands for $5.15 each, up 8.7% for the week.

There was no fresh price-sensitive news out from either of the ASX 200 stocks this week, with both having reported their third-quarter updates last week.

But it appears both gold miners are rebounding from the broader sell-off in gold stocks that accompanied the 10% decline in the gold price from its all-time highs last week. Currently at US$3,999 per ounce, the gold price has been fairly stable this week. And a number of analysts are forecasting that the yellow metal's bull run has a way to run yet.

According to Saxo Bank's head of commodity strategy, Ole Hansen:

"Gold's pause still looks like a breather, not a breakdown. Seasonal softness, temporary Chinese policy noise, and a firmer [US] dollar explain the short-term retreat, but none change the longer-term narrative. The same forces that fuelled this year's rally … are likely to reassert themselves, making the next meaningful leg higher a 2026 story."

https://www.fool.com.au/2025/11/07/3-asx-200-stocks-storming-higher-in-this-weeks-falling-market-2/

MSCI GLOBAL SMALL CAP INDEXES

The following are changes in constituents for the MSCI Global Small Cap Indexes which will take place as of the close of November 24, 2025...

Greatland Resources deletion from the MSCI United Kingdom Index

Greatland Resources (AU) addition to the MSCI Australia Index

https://app2.msci.com/eqb/gimi/smallcap/MSCI_Nov25_SCPublicList.pdf

So, we end @ £3.70 with UT, up 10.45%. That's still 2% down on the close on the ASX today.

Let's see what tomorrow brings! Can't really complain though, but shows how ridiculous the action was yesterday!

BOE - Interest Rate on HOLD @ 4% as expected.

Not at the AGM, no. There's always the possibility of something in the days before, but I don't see it myself after the very recent reports. There will be a Q&A, but, then again, I can't see anything new stated, as it has to be released through the right channels (RNS). That said, Shaun has been known to give a 'Nod & wink' through his body language/comments before though.

Https://www.fool.com.au/2025/11/06/here-are-the-top-10-asx-200-shares-today-06-november-2025/

Open UP 8.96% @ £3.65

GGP 6th highest % riser on the ASX 200 today too...

https://www.marketindex.com.au/asx200

Yup, AIM getting even further out of kilter with the ASX, dropping the sp again during the day. Games? Who knows?

Anyway, closed @ A$7.59, up 4.55%. That's £3.78, so up 12.9% on yesterdays AIM closing price (£3.35)!

Please note that ii have now 'manually' added voting to their platform for GGP...

"......You will find the following information available in your voting mailbox. This was an overseas ISIN, we needed to add manually.

Go to: Portfolio > Voting mailbox > Click on the Blue "Vote" Button > Select how you wish to vote > Scroll Down > Submit Vote."

We are searching for Geotechnical Technician, who will be pivotal in managing and supporting the monitoring functions of the Telfer Open Pit and Tailings facility. This role is crucial in providing accurate monitoring data and reporting systems to ensure the safe construction of active mining areas and tailings dam.

Key responsibilities:

- Install new monitoring instrumentation to support the open pit mining operations and Tailings facility's monitoring program.

- Manage ongoing maintenance of monitoring instrumentation to ensure continuous data delivery.

- Deliver routine reporting of monitoring data related to the tailings dam and open pit.

- Contribute to and assist with innovations, technologies, and methodologies to improve monitoring and data collection.

- Inspect and report on hazards related to the open pit and tailings facility to ensure personnel safety from geotechnical hazards.

- Support key project delivery associated with the Telfer tailings facility for safe and productive outcomes.

- Assist Open Pit Geotechnical Engineers in delivering business-critical outputs related to surface monitoring programs.

https://careers.greatland.com.au/job/Telfer-Geotechnical-Technician-Tailings-WA-6762/1329815866/

Looking good for the ongoing plans for the Telfer Open Pit & Tailings Dams, but I'm sure Bamps is well ahead on this than I am!

As far as the tailings dams go, The construction work for the Stage 2 lift of the Tailings Storage Facility (TSF) 8 was completed in the June 2025 quarter. The construction of the Stage 3 lift is currently in progress and expected to be completed by the end of this year, and is anticipated to provide sufficient tailings capacity until the March 2027 quarter. Construction of the Stage 4 lift is expected to commence in the June 2026 quarter.

"The Perth Mint’s gold bullion sales continued to soar despite recent volatility in the precious metal’s price, with sales surging 186 per cent over the past 12 months... The bullish price environment has spurred an uptick in the number of gold plays seeking to list on the ASX, with Greatland Gold, Robex Resources and Ariana Resources..."

https://www.businessnews.com.au/article/Gold-rally-sends-Perth-Mint-s-sales-soaring