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Within the assay mentioned above, WCN also found a high-grade intercept of 18.3m at 4.66 Cu and 17.2 g/t Ag, plus another mineralised zone defined by 12.19m at 1.13% Cu and 2.13 g/t Ag from 91.44; the latter suggests the presence of a sub-parallel structure.

The drilling work – which was reverse circulation – focused on the Danvers project area. The expectations for this area have been bolstered by surface chip sampling of the structure which hosts Danvers, albeit five kilometres southwest.

This yielded assays – picked up over an area of 150 metres – such as 16.15% Cu and 68.5g/t Ag, 13.3% Cu and 70g/t Ag, 9.54% Cu and 29.9g/t Ag, 7.79% Cu and 74g/t Ag.

WCN has therefore confirmed high-grade copper and silver mineralisation along a structural trend of more than 5km, and is planning step-out drilling to test the structure to the southwest.

Managing director Troy Whittaker said the recent work revealed potential hidden treasure at Danvers. “Another solid result from hole six confirms persistent high-grade copper mineralisation at Danvers,” he said.

“What is also now highly encouraging is the recognition and confirmation [that] the structural trend at Danvers is mineralised.

“With high-grade copper and silver now identifiable over more than 5km of the structure to the southwest, the potential of this area is extraordinary.”

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He continued: “The geological team digitised all historic chemical and aerial data and what is emerging from this process, and confirmed by these recent rock chip results, is that Danvers could be very large indeed… the current historical estimate is in no way indicative of the overall potential this structure.”

WCN has been selling at 2.6 cents a share heading into Friday’s trade.

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Channel sampling from the 6th underground level – defined by a quartz vein system – identified assays such as 28 metres at 45.2 grams per tonne of gold (Au) and 3.2% copper (Cu); and 9.5m at 14.1g/t Au and 3.2% Cu – in underground crosscut and along-strike crosscut respectively.

One drill result – intersected 12m below the sixth level – showed 0.97m at 56.2g/t Au, including 0.15m at 233.9g/t Au; visible gold was also picked up in two holes which had been drilled between 40m and 60m above the sixth level.

“With a large and robust shallow copper resource and clear exploration pathway in hand at Horden Lake, we are broadening our program to our BAGB projects; where bonanza Cu, Ni, and Au grades are guiding us towards the next discovery,” managing director Ivan Fairhall said after sharing the news.

Excitingly, the review has allowed Pivotal to delineate a broad prospective corridor measuring 600m in strike with numerous signature Cu-Au quartz veining.

The overall BAGB project is focused on copper, nickel and PGE (platinum group metals) mineralisation, and the Lorraine gold targets form only one part of this, being connected to the Lorraine Mine.

The Lorraine Mine is a Cu-Ni magmatic system which had first operated in the 1960s, producing 661,000 tonnes at 0.90% Cu, 0.38% Ni, and 0.6 g/t Au.

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“These gold targets at Lorraine are an exciting addition to our already attractive Cu-Niprojects at BAGB,” Mr Fairhall explained.

“The bonanza Au grades, and their correlation over a significantly broad area, provides very strong encouragement for discovery in this area which has largely unexplored for Au, with the historical focus on Cu-Ni previously mined.”

PVT has been trading at 0.6 cents heading into Wednesday open.

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This result was taken from the Danvers prospect, where assays have confirmed the presence of a shallow, high grade copper system which remains open at depth and alongstrike.

WCN’s continued drilling at Danvers has proven extensions to high grade mineralisation there – much of it previously unknown and untested. The most impressive intersection so far has been 63m at 2.23% Cu & 7.1g/t silver (Ag) from 9.14m, including a high-grade intercept of 15m @ 5% Cu & 16.9g/t Ag from 18.29m.

Another hole at the prospect returned strong copper values, including 38m at 1% Cu & 1.89g/t Ag from 7.62m; and 72m at 1.08% Cu & 4.22g/t Ag from 62.48m, including a high-grade intercept of 14m at 2.32% Cu from 106.68m.

The company has also completed pre-collar drilling at Hulk, in preparation for an upcoming diamond drilling program.

However, Danvers is also a focal point for future surveying work, with WCN progressing discussions with its contracting partners to facilitate targeted airborne geophysicalsurveys across the prospect’s 9.1km target fault zone.

Alongside this, the company wants to utilise the proven down hole electromagnetic survey across the broader Rae project which will support and help target these future campaigns.

Managing director Troy Whittaker said exploration work at the project – located in Canada’s Nunavut territory – continued to be promising.

“Assays from Rae continue to exceed expectations: 175m at 2.5% Cu, 58m @ 3.08% Cu, 52m at 1.16% Cu and now further significant intercepts of 63m at 2.23% Cu and 72m at 1.08%,” he said.

“These high-grade intercepts from surface are rare in the exploration world as explorers over recent times have had to go deeper and deeper to identify additional copper resources.

“Being the first mover into this highly prospective location, after more than a decade of inactivity due to political constraints – securing the licences organically and now having undertaken our first drill program, positions us well both for future work programmes and facilitate further discoveries.”

WCN has been trading at 3.2 cents.

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The company has entered a binding agreement for acquisition of the Hook Lake project – located in Canada’s eastern Nunavut territory – which has remained almost untouched since 1988, when a foreign estimate resource of 3.4 million tonnes (Mt) at 2.38 grams per tonne (g/t) (or around 285,000 ounces) of gold.

The latter – known as the Turquetil Lake gold deposit – has significant exploration potential, with the resource remaining open in all directions, and having a strike length of 940 metres.

Adding to this is the fact that historical drilling only reached a vertical depth of 190 metres, but picked up significant gold intercepts, including 27.58 metres at 3.33 g/t Au from 44.35m, including 13.01m at 6.29 g/t Au from 53.04m; and 15.2m at 4.50 g/t Au from 14.70m.

The project also includes the Heninga Lake prospect, which is built around a VMS system, with drilling picking up intercepts such as 10.51m at 2.91% copper (Cu), 6.70% zinc (Zn), 95.67 g/t silver (Ag), 1.04 g/t Au & 0.48% lead (pb) from 41.76m; and 13.71m at 1.51% Cu, 2.06% Zn, 47.23 g/t Ag 0.56 g/t Au & 0.09% Pb from 70.26m.

Manhattan also announced that Gavin Rezos will be joining the company board as a non-executive director, and Eric Sondergaard will join as technical advisor upon completion of the proposed transaction.

Mr Rezos was most recently the founding chairman of Vulcan Energy – which moved from a market cap of $10 million to over $1 billion, while Mr Sondergaard held a key role in planning exploration at White Cliff Minerals’ Rae project, delivering an exceptional hole consisting of 175m at 2.5% Cu from 7.6m and ending at 4.46% Cu, remaining open at depth.

The latter project is also located in Nunavut.

Manhattan CEO Kell Nielsen said these additions to the team would help with the exploration and development of Hook Lake.

“The acquisition of the project brings with it a highly experienced and successful team, expected to join Manhattan’s Board and management upon completion,” he said.

“This team will play a critical role in unlocking value by advancing the historically defined high grade Turquetil Lake gold deposit through modern exploration techniques and by honouring the current agreement with Inuit landowners.

“Upon the transfer of the Project, there is a clear pathway for Manhattan to test the mineralized system further along strike and at depth at Turquetil Lake and deliver near term maiden mineral resources.”

Manhattan shares have moved up since the news, and at 10:26 AEST, they were trading at 2.8 cents – a rise of 64.71% since the market opened.

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The 2020 BFS on Crown Mountain – which is located in Elk Valley, British Colombia – made the case for a development project to produce high-quality hard coking coal, supported by a competitive operating and capital cost structure.

However, inflationary increases in both capital and operating costs in Canada and competitor producer locations since then encouraged Jameson to update this, bringing independent technical advisers Allnorth, Sedgman and Stantec to reassess the project under these parameters.

According to their review, pre-production capital (without contingency) for Crown Mountain has increased by an estimated 28% from US$309 million to US$394 million, while cash operating costs FOB Vancouver) has risen 15% from US$89.41 per tonne in the YieldOptimisation Study to US$102.79 per tonne.

Taken together, the increases to capital and operating costs and coal price forecasts have produced an overall increase of 200% in pre-tax NPV10 from US$469 million to US$942 million in the Yield Optimisation Study.

This work followed a Yield Optimisation Study in 2021 which had confirmed increased production and notably improved potential economic outcomes by increasing product ash levels.

Jameson chair Nicole Hollows said the update had shown substantial increases to the project’s high-level economics, but added that, “With the continued progress of the Environmental Assessment process, this update highlights the advanced position of the Project compared with greenfield projects in Canada, Australia or other key producer locations.”

“There has been more than US$ 20 billion in steelmaking coal M&A in the last year highlighting that existing producers have limited options for organic growth,” she added.

“Crown Mountain’s position as the most advanced steelmaking coal project in Canada and its substantial underlying value is further enhanced by the Feasibility Update which demonstrates the project’s cost competitiveness compared to current and planned production.”

Jameson shares have risen following the news. At 11:22 AEST, they were trading at 4 cents – a rise of 33.33% since the market opened.

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The mine is jointly owned by Piedmont – which has a 25% investment – and Sayona Mining (ASX:SYA) – which holds the other 75%.

The project is the largest producing spodumene mine in North America.

Data from drilling, which launched in February and concluded in December 2024, will be plugged into an updated MRE, looking to upgrade resource classification and increase overall resource tonnage.

President and CEO of Piedmont, Keith Phillips, said the drill results would set the company up well for its next stage of development.

“The positive drilling outcomes support our plans for a potential brownfield expansion at NAL, aiming to increase production capacity to meet the growing global demand for lithium with resources produced in North America,” Mr Phillips said.

Additionally, the drill results will also open the door to expanding production at NAL and support improved mine planning.

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“These developments reinforce our commitment to advancing NAL as a cornerstone asset in our portfolio and contribute to our vision of becoming a leading supplier of lithium products critical to the energy transition.”

Piedmont has been trading at 11 cents early on Thursday.

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The company has signed a non-binding Memorandum of Understanding with U.S.-based downstream processing company Alaska Antimony Corporation and SB51 Pte Ltd, a Singapore trading firm which specialises in the commodity.

These three groups will be exploring the future development of Alturas together.

As part of this, Alaska Antimony Corporation has been granted the rights to negotiate a Right of First Refusal over the project’s ore and concentrate.

This is expected to open the door to future sales into the only proposed antimony refinery in North America, which will be located in Alaska.

The ROFR would see up to 10,000 tonnes of bulk sample material being delivered for a range of studies, including smelter qualification, metallurgical testwork, and downstream compatibility assessments, with this to set down a pathway towards a definitive offtake agreement and early-stage revenue.

At the same time, SB51 will be appointed as Equinox’s exclusive global marketing and sales agent for the ore and concentrate from Alturas – enabling the miner to take advantage of this company’s portfolio of more than100,000 tonnes of antimony rights across Asia, Africa, and South America, and its established channels into Western-aligned industrial and defence markets.

Equinox has been somewhat guided in its deliberations by the significant rise in antimony prices in recent weeks – reaching between US$56,000 to US$59,800 per tonne by April 14 – with this underscoring the effects of global supply disruptions, restrictions on Chinese exports and tightening inventories of high-purity feedstock.

Indeed, this agreement is built around a strategy of keeping critical mineral processing onshore and pushing against Chinese and Russian dominance, connecting Equinox into the evolving U.S. and allied antimony supply chains.

“This is more than an MoU,” managing director Zac Komur declared. “It is a strategic alignment between three parties with a shared objective to unlock one of the highest-grade antimony opportunities and deliver it into the most supply-constrained market environment we have seen in decades,” he said.

“With Antimony Corp developing critical downstream capacity and SB51 connected to buyers across the globe, we have the right partners to take Alturas from bulk sample to commercial reality.”

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Mr Komur continued: “Canada offers the right geology, the right jurisdiction, and the right timing. As antimony prices continue to surge and buyers urgently seek secure feedstock, Alturas is positioned to become a meaningful contributor to the North American critical minerals supply chain.”

EQN has been trading at 9.3 cents this morning.

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The company signed a binding option to take on 100% of the Mozy Marsh Gold-Antimony Project in British Columbia, which has yielded assays such as 131 grams per tonne of gold and 178 g/t of silver,129 g/t Au and 353 g/t Ag, 121 g/t Au and 162 g/t Ag, and 79 g/t Au and 88.2 g/t Ag – all from Adit Level Three.

Another target, Adit Level Four, has produced assays with up to 74.3 g/t Au in quartz-stibnite veins; this has given further confidence in the project’s high-grade gold potential.

Alongside these precious metals, Mozy Marsh – which is in the Monashee Mountains within the province’s Vernon Mining Division – has also shown evidence of antimony mineralisation, through outcrops and historical adit workings.

Knowing that it’s in good territory, Equinox has increased its strategic landholding to a total of 11.4 square kilometres, adding newly staked tenements that are under application. Of particular focus is securing the project’s southern boundary and safeguarding against potential nuisance staking.

In terms of exploration activity, the company has a plan of action which includes assaying over 100 rock chip samples, conducting field surveys and geophysical work.

Managing director Zac Komur described Mozy Marsh as a “strategic, cost-effective acquisition” that would fit Equinox’s portfolio perfectly.

“It’s a high-grade, historically productive asset in a tier-one jurisdiction, enhancing our antimony focus while adding significant gold and silver upside,” he explained.

“The presence of antimony mineralisation, identified in outcrops and historical adit workings, adds even more excitement.”

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Mr Komur added: “This opens up a clear opportunity to explore what could be a valuable addition to our critical minerals strategy.”

EQN has been trading flat through Monday at 8.5cps.

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The cesium mineralisation occurs in two zones at the project’s CV13 pegmatite and was confirmed through cesium assay overlimit analysis, with four samples from the drill intercepts grading above 20% Cs2O (cesium oxide).

“With the receipt of overlimit assay results, we have now confirmed a large cesium discovery at Shaakichiuwaanaan, supported by wide and well-mineralized drill intercepts,” vice president of exploration Darren L. Smith said.

Intercepts from the Vega Zone included 18.1 metres at 2.71% Cs2O, including 7.4 metres at 5.45% Cs2O; and 11.1 metres at 4.87% Cs2O, including 7.1 metres at 7.39% Cs2O.

Rigel Zone intercepts included 5.9 metres at 11.19% Cs2O, including one metre at 22.69% Cs2O; and five metres at 13.32% Cs2O, including two metres at 22.90% Cs2O.

The latter zone is significant, being coincident with the apex of the structural flexure at CV13, and drilling has estimated it to be at least 200 metres by 80 metres in area and up to around five metres thick.

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On Patriot’s hit, Mr Smith explained: “Cesium mineralization of this scale and grade, often combined with high-grade lithium and tantalum, is exceptionally rare globally and underscores the extraordinary endowment of the mineral system at Shaakichiuwaanaan in high-value critical minerals.”

PMT has this morning been trading at 19.5 cents a share.

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The new claims now under Basin’s umbrella – MC00022218 and MC00022219 – span 22.3 square kilometres and abut the Preston Creek prospect.

Drilling has already been run at Preston Creek, with 2024 results identifying a large-scalehydrothermal system in a complex structural corridor containing uranium anomalism.

Of the geophysical anomaly, 1.5 kilometres extends into the newly staked claims.

Managing director Pete Moorhouse said the company was pleased to have made these claims. “[Last year’s] drilling at Preston Creek highlighted a spectacular structure-related alteration system with uranium anomalism.”

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“This 1.5 km strike gravity anomaly, which remains untested to the northeast into the newly staked claims exhibits all the key elements typically found in basement-hosted high-grade uranium mineralisation. Securing the tenures contiguous to this system is a fantastic addition to the Geikie project.”

Basin has been trading at 1.5 cents heading into Wednesday.

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Infini bought the Reynolds and Boulding Lake uranium projects for $100,000, plus the issue of 2,622,378 shares at 57 cents each. Performance rights were also included.

This means Infini now has a landholding stretching across as much as 931 square kilometres within the territory which has produced some of the world’s top deposits of uranium, including Cigar Lake and McArthur River mines.

In this are the Reynolds Lake project – which is 677 square kilometres, and features anomalous uranium located in lake sediments plus radiometric anomalies close to the Needle Falls shear zone – and the 254 square kilometres Boulding Lake project near territory containing radioactive boulders.

Both are within 100km of the McArthur River and Eagle Point high-grade uranium camps.

Executive director David Pevcic said having these projects in its portfolio is a major score for Infini. “The completion of this acquisition marks a significant milestone for Infini as we expand our footprint to the Athabasca Basin,” he said.

“With a strong focus on advancing our flagship Portland Creek Project, the addition of Reynolds and Boulding Lake complements our strategy to build a diversified and high-impact uranium exploration portfolio.”

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Mr Pevcic also added today: “We look forward to commencing exploration work and unlocking the full potential of these promising assets.”

Infini has been selling at 19 cents heading into Week 14 trade.

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The exploration agreement was executed between WCN and the Délınę Got’ınę Government, with this facilitating the commencement of drilling work at the project, which is located in the Great Bear Lake area, noted as one of Canada’s largest uranium mining districts.

WCN has also received a one-year free extension of permits for Great Bear and is now awaiting final approval from Mackenzie Valley Land and Water Board.

The expectation is things should be all back in WCN’s hands in the next few weeks.

The company is also in the final stages of processing and interpretation of geophysical data taken from the project at the end of 2024.

“I’d like to thank the chief, elders, directors of the board, and community members of the Délınę Got’ınę Government for their collaborative review and agreement of the Exploration Agreement at Great Bear,” managing director Troy Whittaker said, adding he now anticipates a busy year of exploration ahead.

“The highly anticipated results from the MobileMT geophysical survey at Great Bear are expected within the coming months.

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“The data acquired through the survey is nearing final processing and interpretation by ourindependent experts – Southern Geoscience.

“We have seen how valuable the data can be at our Rae Copper Project and publishing of results here at Great Bear should prove to be exciting for Shareholders as we start to realise the potential at Great Bear.”

WCN last traded at 1.7cps – a fall of 5.5% since the market opened.

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These include the Frye Lake gold project in Canada, Armidale antimony-gold project in New South Wales, and Kiabye gold project in Western Australia.

At Frye Lake, the team is awaiting the end of the Canadian winter – and is in talks with the local First Nations community in the lead up to its exploration program, which will involve targeting zones of quartz-vein hosted gold mineralisation. There, it’s looking to progress surface sampling and drill testing of its key target.

RMX is enthused by sampling at the Flicka Zone in 2024, where vein two revealed 24.2 grams per tonne and 19.4 g/t; vein three returned a peak value of 9.35 g/t Au.

Exploration at Frye Lake will also involve targeting two new areas containing highly anomalous gold in soil. RMX believes they represent two new potential high-grade orogenic gold targets.

Surface sampling and potentially trenching will be rolled out to delineate underlying basement geology, with drill testing to follow this up.

Two copper-rich polymetallic soil anomalies – consistent with volcanic-hosted massive sulfide mineralisation – will also be targeted.

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RMX is also planning to roll out a rock chip and soil sampling program at its Armidale project in New South Wales. Three sites are to be targeted, focusing on historical shallow shafts and open pits where mineralisation has been identified.

Finally, exploration activity is already underway at the Kiabye gold project in Western Australia, with a high-resolution ground magnetics and targeted pXRF assayprogram commencing in March.

The focus is providing additional definition to potential gold bearing structures for conventional wet geochemical sampling, particularly in the northern section of the licence.

RMX – which is looking ahead to updates – is trading at 0.9 cents.

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Rhetoric accompanying these levy threats has been equally uncompromising, with many leaders finding themselves the target of a Trumpian talking-to about how their country may have exploited the goodwill of the U.S. and its economy.

On Wednesday (U.S. time), it was the turn of Irish taoiseach Micheal Martin – meeting Trump and his deputy J D Vance for the annual meeting before St Patrick’s Day – who was scolded about Ireland snapping up American pharmaceutical companies.

Similarly, Australia has recently been accused – this time by Commerce Secretary Howard Lutnick – of apparently “dumping” excess aluminium on the U.S. market. This is being used as the justification for 25% tariffs hitting imports of the metal, in addition to steel, which rolled out in Week 11.

But perhaps the most standout (and head-scratching) example is the U.S.’s northern neighbour, Canada, which is being slapped with the same 25% tariffs on its steel and aluminium production as well as an across-the-board levy (another 25%) on all Canadian goods flowing into the U.S.

The latter was announced almost as soon as Trump came into office, with the President saying he would be targeting Canada and Mexico jointly in response to drugs – particularly fentanyl – coming into the U.S. from north and south.

Of course, this garnered a reaction, plus a series of retaliatory actions which indicated the economic and political relationship between the countries was souring.

On March 10, Ontario Governor Doug Ford announced electricity normally flowing from the province into three U.S. states – Michigan, Minnesota, and New York – would be hit with a 25% surcharge to answer Trump’s metals tariffs.

This prompted a threat by the President to push the latter to 50%, before a compromise was eventually reached between Ford and U.S. Commerce Secretary Howard Lutnick that will facilitate a rollback of the electricity charges. Levies of 25% against Canadian metals still went ahead on Wednesday, March 12.

The previous day, Trump suggested the best way to resolve the issue would be for Canada to become the 51st state. “This would make all Tariffs, and everything else, totally disappear,” he said.

It’s difficult to overstate how irrational Trump’s approach seems to be – not only his threats against the Canadian economy, but also the language wrapping it – given the integrated relations between the two in previous years.

Energy is a great place to start, with Canada and the U.S. being each other’s largest trade partner in this sector, among which is an established, nearly century-long trade in electricity underpinned by an integrated grid.

In the past two decades, reliance has been increasingly one-way, with the U.S. importing more electricity than it exports; this affects 22 states. According to Canadian nonprofit media organization Narwhal, the province of Ontario is responsible for providing $700 million worth of electricity – that is, power to 1.5 billion homes.

Professor Wesley Widmaier – from Australian National University (ANU)’s Department of International Relations – believes the tensions between the two can be compared to a personal relationship.

“There are some cases where just like in a relationship, you can say something to your partner where it changes everything,” he said.

“Trump’s ill-considered rhetoric about annexing Canada has affected what could be a lasting change like relations between the two sides, the two people.

“I was just in the U.S., and many Canadians are quite angry and offended, and that affects people where they live.”

Professor Widmeier said Canada was just one country which had been hit with uncertainty over its working relationship with the U.S. going forward.

“In the context of Europe, he’s called Article 5 into doubt by seeming to side with the Russians against Ukrainians on foreign policy,” he said.

“For Australia, I don’t think we’ve reached that point yet, I don’t think he’s engaged in any really egregious rhetoric that would change people’s views of the United States on the ground, so we can play that game of biding and waiting to see to what extent Trump himself pulls away from some of these policies.

“But it’s led to a reconsideration and in some places a deep questioning.”

Certainly, when it comes to Canada, the trade war doesn’t seem to be slowing down any time soon, with the country promising to match the U.S. “dollar for dollar” in response to the 25% metal tariffs which came in on Wednesday, announcing levies against $30 billion worth of imports from the country – that is, its own 25% tariffs against American steel, computers, and sports equipment.

Professor Widmeier said when it came to geopolitical engagements around defense, Donald Trump had returned to some longstanding preoccupations – particularly that of the U.S.’ allies relying too much on it – but had delivered these very differently.

“Burden sharing has always been an issue between the U.S. and the Europeans: it goes back to the Kennedy administration in the 1960s,” he said.

“What’s different this time – and it goes back to Trump’s statements from his first term – a suggestion that if NATO allies aren’t paying their 2% or whatever the exact amount is, that the US might consider not protecting them.

“It’s taking what was an iron-clad alliance and changing it to something transactional.

“So again, before Trump, if the Russians invaded Lithuania, Estonia, or Latvia, the U.S. – and NATO – would respond quite seriously. You have to think that that might not happen now.”

Professor Widmaier said it was plausible this was what the US President was aiming for long term: Particularly given the support he’d received in states most affected by the free trade, and Chinese dominance in manufacturing.

“Free trade creates winners and losers, protectionism creates winners and losers,” he said.

“To the extent that Trump has a constituency – ‘Build American Manufacturing’ states, the blue wall, Pennsylvania, Wisconsin, Michigan, – they all want to bring those jobs back.

“To the extent that he’s pressuring companies to build factories in the States and that would bring jobs back to the States, it’s not implausible.

“Would that be a rational economic policy? Is that the best allocation of goods and services? No. So there’d be many more losers than there’d be winners.

“The case for free trade is the winners compensate the losers and everyone’s still better off. The problem is for the last 50 years, the losers from free trade have gone pretty uncompensated, and that’s one of the reasons for Trump’s rise.”

Undoubtedly one of the main things to say about Trump’s tariff policy, and the back-and-forth reactions it’s provoked, is that world markets have so far been taking a significant hit thanks to economic uncertainty.

Here in Australia, the ASX200 has experienced four consecutive weekly declines on the back of Trump’s levy threats, and Wall Street has experienced a similar downturn. Professor Widmaier said this would be an issue the President could not ignore.

“I can tell you, when I talk to people back in the United States, stock market swoon has gotten a lot of people’s attention,” he said.

“Americans have their retirement funds tied up in 401K accounts – which are bundles of stock market investments – so when people see the stock market go down, they see their retirement savings go down, and Trump is aware of this.

“And meeting – as he did recently – with the business executives round table, one can imagine this explains a bit of his erratic back and forth kind of reactions.”

The White House has commented that some short-term pain might be necessary for Trump’s trade plan to be realised. And this could be strategic.

“When he’s warning people, when he’s suggesting that a recession is likely, that’s a little more esoteric for people,” Professor Widmaier said.

“And there’s a saying in politics, ‘get your recession out of the way early’.

“Dick Cheney, when the Bush administration back in 2000 took power, Cheney was very quick to declare that the US was likely to head into a recession, because that’s a recession you can blame on the outgoing guy, and 4 years is a long time, so people aren’t going to remember it, they want to get it out of the way.”

He added that while many were talking about the potential impact of tariffs on inflation, there was not likely to be a direct effect, although the instability brought on by constantly shifting policy was something to watch.

“When people say that tariffs are going to cause inflation, I’m sceptical to the extent that these price increases are sector-specific, one-off price increases,” Professor Widmaier said.

“A one-off increase in prices because of a tariff on a particular good – if it doesn’t become embedded in people’s expectations – will not cause prolonged inflation.

“If there are constantly increasing tariffs, where he’s got 25%, then 50%, and cyclical tariffs, and things start to feed on themselves, yes that will be inflationary.”

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The Goshen copper project – located in New Brunswick – stretches across 10 square kilometres of tenure, with more than five kilometres of prospective strike, across which copper occurrences have been noted.

The company says the site is prospective for both red metal and silver mineralisation.

Discovered in 1925, Goshen was subject to drilling in the ’50s, followed by surface stripping, trenching, drilling, and metallurgical tests in the 1970s and 1980s.

More recently – between 2006 and 2009 – exploration at the Goshen copper project involved a regional soils program. Regional stream sediments, rock chip sampling, and diamond core drilling were undertaken.

There was also a program of IP geophysics, plus ground gravity, drilling, mapping and other exploration completed at the site by a private company.

One crucial discovery made through historic work – especially from soil and mapping work by Cornerstone Resources in 2007 – was the presence of several anomalous copper zones with surface mineralisation.

One of these anomalies measures 1,300 metres by 700 metres, with rock chips indicating recorded details up to 4.0% Cu, 3.9% Cu, and 3.0% Cu.

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Drilling at the main prospect found mineralisation over 200 metres of strike, with results including 7.47 metres at 1.29% Cu from five metres including 1.54 metres at 3.41% Cu, 1.47 g/t silver.

FMR is now assessing all data taken from previous programs of work to guide its future exploration at the site.

FMR has been trading at 17 cents in early Thursday trade.

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The company reviewed previous diamond drilling at the deposit – which is part of Renegade’s larger Yukon base metals project – finding intercepts such as 45.9 metres at 43.5 grams per tonne (g/t) Ge, 12.5g/t Ga, 9.4% Zn in one hole; and 4.5 metres at 48.0g/t Ge, 15.8g/t Ga, 6.4% Zn, 22.6% Pb, 56.8g/t Ag in another.

The percentage of gallium went up to 28.6g/t in another intercept.

Alongside this, flotation metallurgical testing has shown recoveries of 71.3% Ge – yielding a concentrate of 150g/t – is possible for ore from this deposit.

Renegade is now turning to potential re-analysis of past drill samples, looking particularly for these two critical defence metals.

Chairman Robert Kirtlan said that finding germanium and gallium at Andrew was a significant event for the deposit, adding that previous exploration methods could have underestimated the amounts of germanium there.

“These defence metals, particularly Germanium, are rare, very expensive and are some of the most important and sought after of the advanced electronic materials,” he said.

“During the last phases… at the Andrew deposit, an Aqua Regia analysis method was used.

“This method is very good at determining the Zn-Pb-Ag concentrations but unfortunately it has the potential to vastly underestimate the germanium grade. At the time of analysis, germanium was not the critical defence metal that it is now. As such, it was not an exploration focus.”

Renegade shares last traded at 0.02c after a 40% gain.

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The company entered a binding agreement to take on the Prophet River project from Broadstone Resources Corporation, with a consideration which includes CAD$130,000, the issuing of 133,333,334 Rapid shares, and 40M options with an exercise price of 1.5 cps and an expiry of three years from issue date.

The cash offering is to be within 15 days of the proposed transaction’s completion.

Prophet River comprises 21 square kilometres of territory, including the historic Cay mine.

Previous exploration at the play – cited above – included 21 drilled holes with bulk sampling taken from two zones.

These bulk samples included some of the highest germanium values globally recorded, highlighting the significance of this asset, and with China banning the export of this and gallium – also a key critical mineral – the importance of securing such resources for use in the technology sector, semi-conductors, fibre-optics, solar cells, magnets, batteries, andLEDs have been underlined.

Managing director Martin Holland said Prophet River was a desirable asset to have in Rapid’s portfolio.

“The Rapid Lithium Board sees this acquisition as very timely given China’s recent announcement that it is banning exports of gallium, germanium, and antimony to the U.S.,” he said.

“China’s dominant position in the global supply of these minerals, accounting for 98.8% ofrefined gallium and 59.2% of refined germanium production, means that sources outsideChina will be in high demand.

“The location of the assets is also complementary to Rapid’s U.S. lithium assets as thethe company seeks to become a key supplier of critical minerals in the future.”

Rapid shares have risen following the news, and at 11:51 AEDT, they were trading at 0.6 cents – a rise of 20% since the market opened.

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Somerset entered a conditional agreement to take on 100% of the 1,208-square-kilometre Coppermine Project, located in Canada’s Nunavut region, which hosts 1,055 km2 of the prospective Copper Creek Formation basalts.

The project is noted to have several high-grade copper lodes and rock chip assays have included 45.4% Cu (copper) and 60.0 grams per tonne (g/t) Ag (silver), 44.1% Cu and 263.0 g/t Ag, and 36.4% Cu and 46.0 g/t Ag.

There will be plenty to guide future exploration programs, given the presence of 75 historical copper occurrences – two of which contain strike extensions to White Cliff’s main Vision, Stark, Thor and Rocket districts, as well as the whole ground surrounding the historic 4.16 million-tonne (at 2.96% Cu) Danvers resource.

Somerset will start its program of work in the first quarter of 2025, with this likely to include both maiden drilling and an extensive program of geochemical mapping.

Somerset shares have been trading at 1.3 cents.

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As part of the program, Pioneer also undertook focused mechanical stripping and trenching across 1,320 linear metres – to remove surface cover and expose outcrops – with strong results being taken from three highly prospective areas.

The trenching aspect focused on extensions of identified pegmatite fields near the property boundary, including close areas like the McCombe pegmatite field, which is being explored by Green Technology Metals at the moment.

The latter’s Consolidated McCombe pegmatite field and the Root Bay pegmatite fields hold 4.5 million tonnes at 1.01% Li2O and 10.1 million tonnes at 1.29% Li2O resourcesrespectively.

Pioneer executive chairman Robert Martin said the work has provided important indications of where the company could go next in terms of exploration.

“The systematic approach to trenching, stripping, and sampling has provided valuable insights into the geological potential of this highly promising property,” he said.

“With lithium grades up to 2.95% Li2O and channel samples reaching 3,530ppm Li, the results clearly demonstrate the projects potential to host spodumene-bearing pegmatites fields.”

At 10:53 AEDT, Pioneer was trading at 16 cents, a fall of 3% since the market opened.

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Multiple batch flotation tests were run on the material, yielding recoveries of between 85% and 90% copper, as well as a copper concentrate holding grades of 25% to 30%, with an overall lack of deleterious elements.

Alongside these results, Pivotal was pleased to note the presence of substantial precious metals in the copper concentrate, with recoveries including 55% gold, 50% silver, and 38% palladium.

The company is in the process of developing a flowsheet for production of a nickel concentrate, with further precious and cobalt recoveries expected in the nickelcircuit.

Managing director Ivan Fairhall said he was impressed by what the test work had shown.

“Copper is the dominant metal on the project, and these excellent copper resultsare a strong endorsement of the future development potential of the project,” he said.

“Not only have we achieved high copper recoveries, but the production of clean highgrade concentrates containing value adding precious metals byproducts maximises therevenue and financing potential of the deposit, adding significant strategic value to thecompany given the severe copper market deficits being widely forecast.”

PVT shares rose following the news, and at 12:40 AEDT, they were trading at 1 cent: a rise of 25% since the market opened.

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