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- Canada Streamlines Permitting while Election Clock Ticks
Canada Streamlines Permitting while Election Clock Ticks
MinRes' Onslow haul road is back in action, Rebels advance in the DRC
The Pre-Start
MinRes advised that haulage resumed at the Onslow haul road late on March 21st . Road maintenance is due for completion in Q1 FY26, while transshipper #4 commenced operations on March 22nd , taking capacity to 28Mtpa (MIN)
Syrah’s full year results saw it end with a cash balance of US$87m (US$58m of which is restricted) & US$256m in borrowings, with Vidalia up and running (SYR)
Aura Energy prodived an updated on Tiris, with hydrogeological testing confirming water supply, a general manager appointed, and with funding proposals non-binding and site visits scheduled for April (AEE)
Larvotto shared drilling results from Bakers Creek & Eleanora-Garibaldi, with intercepts including 8.3m @ 10.4g/m AuEq from 408m (LRV)
Ecograf announced the completion of an engineering study for a facility that would process 20ktpa of flake graphite, yielding 60%+ for a construction cost of US$59m (EGR)
Hillgrove released underground drilling from Nugent, with the area being fast-tracked for production by Dec 25’ (HGO)
Medallion shared assays from Trilogy, with a headline hit of 26.8m @ 7.4% CuEq from 91m (MM8)
Almaden filed documentation for a US$1.06b damages claim against Mexico (AMM.TSX)
BlackRock emerged as a 5% holder of Develop Global (DVP)
Regis shared an updated slidedeck (RRL)
High Grade It
Canada’s federal gov’t will permit major infrastructure & mining projects with provincial and territorial approvals alone, scrapping duplicative requirements (NM) One project, one review… An overdue move with their election set for April 28
MinRes has lowered the bar to be hired as an Onslow truck driver, despite a spate of truck rollovers caused by “operator error”, while raising pay (West)
An Australian engineering and logistics company, Strang, has accused diversified miner South32 of stealing secrets by using information gathered over the course of a contract to copy its products (AFR)
Trump has invoked wartime powers as part of a sweeping effort to increase American minerals production and curb the country’s reliance on China (FT)
The Aussie dollar may be headed for its first annual gain since 2020, as the RBA holds rates & the economy benefits from expected Chinese stimulus (Bloomberg)
Talks between the DRC & the US over a possible minerals and security deal are in the early stages, the African country’s foreign minister said (Bloomberg)
DRC could extend a 4-month export ban on cobalt introduced in February following a sharp drop in the metal's price, a spokesperson said (Reuters)
Copper bull Kostas Bintas is back predicting new records, as Trump’s threat of tariffs drains global stocks & creates what he sees as unprecedented opportunities (Bloomberg)
M23 Rebels have captured further area in Eastern DRC, including the mining town of Walikale in North Kivu, close to the Bisie tin mine (SMM)
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Wheelin’ n Dealin’
Dataroom reported Ravenswood has attracted one local bidder (Regis), with one Chinese entity (Chifeng) and the remainder Indonesian, for the US$1bn+ mine (Australian)
On Friday CZR received a revised Robe River JV proposal, which removed the condition to negotiate and execute an asset sale & purchase agreement with Zanf, with other conditions unchanged (CZR)
Brazil Iron has made an offer of about US$1b to buy a Bamin in South from Eurasian Resources Group (Bloomberg)
Catalyst confirmed they’re selling Henty for $15m cash upfront & $14m in shares, + $14m in deferred gold consideration and a partial royalty (CYL)
Rattlin’ the Tin
Word on the Decline
Smallcap Cordoba Minerals just had an astonishing +52% week last week to end with a C$40m market cap. The stock has particularly low float given Ivanhoe Electric owns ~63% and Chinese JCHX Mining owns ~20%. A week earlier we heard how JCHX were looking heavily at Colombian opportunities. We wouldn't be surprised to see a deal to the Chinese miner on its way. And Ivanhoe Electric has plenty of things it could do with the extra cash.
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In the Weeds
Australia’s lithium dream is fading. Can tax breaks revive it? (AFR)
Going over the Tin thesis: Bottleneck + Catalyst (Trader Ferg)
We need a plan for the future of the resources sector (West op-ed)
Langer suddenly sees the elephant in the boardroom (AFR’s Rear Window)
Sister act: How two little-known iron ore heiresses pulled off a $5bn coup (Australian)
Inside Duncan Saville’s billion-dollar Bermuda Triangle (AFR)
Today’s Top Tweet
Devil’s in the Detail
Uhhhh a pretty unusual suspension rationale for True North Copper here…

So we checked the auditor’s disclaimer and we’re left pretty curious about whatever the heck is going on…

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