- The Director's Special
- Posts
- Kazatomprom Crank Production, Lift Guidance
Kazatomprom Crank Production, Lift Guidance
Develop secure Trafigura funding, Westgold completes Karora merger
The Pre-Start
Kazatomprom increased its 2024 guidance, revealing it sold 4.4mlb (producing 5.8mlb) of U3O8 for the Q, realising US$65.96/lb (KAP.L)
Develop has agreed funding & offtake with Trafigura for Woodlawn, who’ll provide a US$65m facility. Trafi will buy all production for 5 years, with no hedging requirements. Interest is SOFR + 2% (DVP)
Capstone produced 83kt at C1 cash cost of US$2.84/lb. Net debt remained relatively unchanged at US$741m (CSC)
Strike completed Walyering-7 flow testing , with a maximum gas rate of 14 TJ/d & liquid rate of 900 bbls/d of condesate recorded (STX)
Catalyst has started in-mine exploration at Plutonic underground (CYL)
Black Cat’s refurb of the Paulsens mill is on target, credit approved terms for secured debt facility due this month (BC8)
Alkane directors collectively picked up ~$600k of stock on market (ALK)
Beacon Minerals released a late quarterly and copped a slap on the wrist from ASX (BCN)
AustralianSuper increased its stake in Pilbara mineral to 9.4% (PLS)
Paradice are now 5.2% shareholders in Chalice (CHN)
Jupiter lifted its stake in Ausgold to 12.7% (AUC)
High Grade It
Australia is planning to tighten rules that govern how companies announce their exploration results (Bloomberg)
Kazatomprom announced it has raised its production guidance for 2024 after output increased during the first half (Mining.com)
Albemarle sounds warning on critical minerals processing (AFR op-ed)
ArcelorMittal said exports from China left the steel market in an unsustainable position (Bloomberg)
Even Chinese NPI producers are struggling with low commodity prices, according to Nickel Industries boss Justin Werner (The Australian)
Judge keeps parts of Fortescue’s Element Zero evidence secret but says Andrew Forrest emails will be revealed (West)
BHP have said iron-ore supply won’t be affected by a minor rail car incident (MW)
The Albanese government could bring forward the $17.6b production tax credit after Albemarle slashed nearly 40% of its workforce (AFR)
The union at BHP’s Escondida mine has called on its nearly 2,400 members to reject a final contract offer (Mining.com)
Monadelphous shares fall as Albemarle halts lithium production at Kemerton (CB)
Green steel could be a boom sector for Australia, but we need to be proactive says HILT CRC (The Australian)
Wheelin’ n Dealin’
Westgold & Karora have competed their merger (WGX)
NRW completed the acquisition of HSE mining - South Walker Creek (NWH)
Brightstar announced a 3-way deal, entering into a Scheme implementation deed to buy Alto while acquiring the Montague East gold project from Gateway to consolidate the Sandstone region (BTR)
Kairos sold non-core Mt York ground to Pilbara Minerals for $20m (KAI)
Rattlin’ the Tin
Bellevue lodged its SPP offer booklet yesterday to raise $25m. We’re not so sure there’ll be much up take given its current share price… (BGL)
Brightstar is raising $24m to fund a drill out of the recently acquired Sandstone project and exploration/development across its assets (BTR)
Prospect has received firm commitments for $8m (PSC)
Dreadnought is in trading halt pending a capital raising (DRE)
Ausgold completed the second tranche of its $38m placement (AUC)
QMines have secured $5m via a placement (QML)
Poseidon is raising $3.7m to fund drilling and soil sampling (POS)
In the Weeds
The Forced Friendship: Russia's Uneasy Alliance with China (Spotify, Apple) A great poddy on understanding China/Russia relations
The lithium bubble has popped with stunning speed (AFR’s Chanticleer)
Things You Need to Know Before Investing in Copper (GeoInvest Insights)
This Glencore video gives a cool journey of nickel ore through to final product, & everything in between
Miners in the Pilbara eye renewable power to hit decarbonisation targets (CB)
Today’s Top Tweet
Value investor vs Vibe investor
— Emanuel Ajay Datt (@eadatt)
2:39 AM • Aug 1, 2024
Devil’s in the Detail
It’s amazing (or coincidental?) timing that the management team at Develop managed to secure funding for Woodlawn’s restart just 1 day before Diggers!
We can’t wait to see what other market-sensitive news happens to arrive just in time for the big show next week!
Catch up on our latest episode

Disclaimer
All information in this newsletter is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine are not financial professionals. Money of Mine are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional, along with considering any relevant Product Disclosure Statement. Money of Mine does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Money of Mine strives to ensure the accuracy and currency of the information contained in this newsletter but we do not make any representation or warranty that it is accurate, reliable or up to date. Any views expressed by the hosts of Money of Mine are their opinion only and may contain forward looking statements that may not eventuate. Money of Mine will not accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of information in this newsletter.
Reply