Core Insights - Adamera Minerals Corp. has announced a significant new occurrence of tungsten mineralization at its Talisman Property in Washington State, with rock samples showing tungsten values ranging from 100 ppm to 2,600 ppm W [1][3] - The company plans to conduct detailed 3-D modeling to refine exploration targets in preparation for a potential drill program [2][6] Exploration and Findings - Surface sampling is in early stages, and the continuity of tungsten-bearing zones requires systematic evaluation [2] - A strong dipolar magnetic signature over the Talisman Mine indicates potential skarn-style mineralization, extending hundreds of meters beyond historic workings [5] - The newly discovered tungsten samples significantly exceed background levels, which are typically below 5 ppm, highlighting the potential for a larger tungsten-bearing system [3] Historical Context - The Talisman Mine has a history of producing high-grade ore containing copper, lead, zinc, tungsten, silver, and minor gold, with significant tungsten extraction noted during and after WW1 [9][13] - Previous exploration efforts focused on high-grade copper and silver, but the renewed emphasis on tungsten adds value to the project [4] Future Plans - The company is preparing a detailed geological model integrating geochemical, magnetic, and structural data to assess the continuity between the mine and new tungsten-bearing zones [6] - Follow-up prospecting and sampling are warranted for the copper-silver target, which may be related to the tungsten deposit [14]

Deposit Remains Open to Further Expansion VANCOUVER, BC / ACCESS Newswire / November 3, 2025 / Amarc Resources Ltd. ("Amarc" or the "Company") (TSXV:AHR)(OTCQB:AXREF) is pleased to announce further assay results from the 2025 drilling program which was primarily designed to expand the AuRORA Deposit hosted within the 630 km2 JOY District. ...

Core Insights - Meridian Mining UK S has received formal approval for the Preliminary Licence (PL) of the Cabaçal Gold-Copper-Silver project, marking a significant permitting milestone for the company [2][4][5] - The company is now focused on preparing and submitting the Installation Licence (IL) for Cabaçal in the first half of 2026 [2][6] - Meridian has also submitted a Preliminary Licence application for the Santa Helena Au-Cu-Ag & Zn project, indicating progress in its project portfolio [3][7] Project Developments - The Cabaçal PL process began in Q4 2021, with the approval reflecting strong community and state support for the project [5] - The company aims to align the IL application with project financing and the Final Investment Decision [6] - The Santa Helena PL submission is seen as a major advancement, contributing to the development of the Cabaçal Au-Cu-Ag belt [7] Financial Metrics - The Cabaçal project has a net present value (NPV) of USD 984 million and an internal rate of return (IRR) of 61.2%, with a pre-production capital cost of USD 248 million [10] - The project is expected to achieve capital repayment in 17 months, assuming specific metal price scenarios [10] - Cabaçal's mineral reserve estimate includes 41.7 million tonnes at grades of 0.63g/t gold, 0.44% copper, and 1.64g/t silver [11]

Summary of Key Points from the Conference Call Industry Overview - **Industry**: AI Infrastructure in China - **Projected AI Capex**: China’s AI capital expenditure (capex) is expected to reach RMB800 billion (approximately US$110 billion) by 2030, accounting for one-third of total AI capex in China [1][62] - **Global AI Capex**: Global AI-related capex is projected to exceed US$1.2 trillion by 2030, nearly tripling from 2025 levels [1][54] - **China's AI Capex Growth**: Expected to grow from RMB600-700 billion (US$85-95 billion) in 2025 to RMB2-2.5 trillion (US$280-350 billion) by 2030, with a CAGR of 25-30% [1][61] Power Demand and Data Centers - **Power Consumption**: China's data centers are projected to consume 277 TWh of electricity by 2030, up from 102 TWh in 2024, representing a CAGR of 18% [1][42] - **Global Data Center Power Demand**: Global data center power consumption is expected to grow 2.3 times from 416 TWh in 2024 to 946 TWh in 2030 [1][28] Opportunities in Power Supply - **Nuclear Power**: China's nuclear capacity is expected to grow from 60 GW in 2025 to 100 GW in 2030, accounting for 60% of global capacity under construction [2][29] - **Power Equipment Demand**: Strong demand for transformers and power equipment is anticipated due to grid upgrades and rising renewable energy investments [2][45] - **Energy Storage Systems (ESS)**: The global ESS market is expected to grow at a CAGR of 21% from 2024 to 2030, with significant growth in China [2][47] Cooling and Metals Demand - **Cooling Market Growth**: The liquid cooling market in China is expected to grow at a CAGR of 42% from 2025 to 2030, driven by the increasing power density of AI workloads [3][50] - **Copper and Aluminum Demand**: Direct AI use of copper is projected to reach approximately 1 million tons by 2030, accounting for 5-6% of total copper demand. Data centers are expected to drive 936 kt of copper demand by 2030 [3][49] Investment Recommendations - **Key Stocks**: - **Power Equipment**: Buy recommendations for Sieyuan, Jinpan, and Huaming due to expected growth in power equipment demand [2][45] - **Nuclear**: Buy CGN Mining and Doosan Enerbility for exposure to nuclear power growth [2][44] - **Cooling Solutions**: Buy AVC for liquid cooling solutions [3][50] - **Metals**: Buy Zijin Mining, CMOC, and Chalco for copper and aluminum exposure [3][49] Additional Insights - **Government Support**: Continued government spending and initiatives are expected to drive AI capex growth in China [1][61] - **Energy Security**: The link between AI leadership and energy security is emphasized, highlighting the need for reliable power sources [1][42] - **Technological Advancements**: Emerging technologies in cooling and power supply are expected to create further investment opportunities [2][48] This summary encapsulates the critical insights and projections regarding the AI infrastructure landscape in China, highlighting the expected growth in capital expenditure, power demand, and investment opportunities across various sectors.

Core Insights - Eastfield Resources Ltd. is actively engaged in exploration activities focused on precious and base metals in Western Canada and the Western United States, holding five copper- and/or gold-focused projects in British Columbia [2][3]. Company Overview - Eastfield Resources Ltd. is a Tier 1 issuer on the TSX Venture Exchange, having traded continuously since 1987 without interruption or share consolidation [2]. - The principal asset is the 100%-owned Zymo Copper-Gold Porphyry Project, covering 18,184 hectares near Smithers, British Columbia [3]. Exploration Activities - The Zymo project has seen over $4.9 million in exploration expenditures, with significant geological features including an 8+ km by 2 km induced polarization (IP) anomaly indicating a copper-gold porphyry system [3][4]. - Five mineralized zones have been identified, with notable drill results including up to 10.78 g/t Au and several percent lead and zinc [4]. - A five-year exploration permit was granted in December 2024, allowing for 50 drill sites and 50 km of geophysical surveying, with a 2025 field program currently underway [5]. Financial Update - In September 2025, Eastfield completed a private placement financing of $1.0 million, enhancing the company's treasury for future exploration [6].

Core Viewpoint - South Pacific Metals Corp. has initiated its first drilling program at the Ontenu Northeast prospect within the Osena project area in Papua New Guinea, aiming to explore potential high-grade epithermal Au-Cu veins [1][4]. Drilling Program Details - The drilling will assess whether the northwest trending mineralised structures are surface expressions of deeper epithermal Au-Cu veins, similar to those mined by K92 Mining Ltd. at their Kora and Judd deposits [2]. - The program targets recently discovered mineralised structures with surface samples showing up to 3.95 g/t Au, 645 g/t Ag, and 1.56% Cu across a 6 m wide outcrop [2]. - Additional structures with rock chip samples up to 13.9 g/t Au and 388 g/t Ag will also be tested [3]. - The company plans to drill four to six holes, totaling approximately 1500 meters, by the end of the 2025 field season [3]. Company Insights - The CEO of South Pacific Metals Corp. highlighted that this drill program is a significant milestone, as Ontenu Northeast has not been drilled before [4]. - The first drill hole is expected to intersect several mineralised structures at depths ranging from 100m to 250m, with further testing planned for other mineralised structures [4].

Group 1: Report Industry Investment Ratings - Steel: Oscillating with an upward bias [1] - Iron Ore: Oscillating [1] - Coking Coal: Oscillating [1] - Coke: Oscillating [1] - Manganese Silicon: Oscillating with an upward bias [1] - Ferrosilicon: Oscillating with an upward bias [3] Group 2: Core Views of the Report - For steel, the supply - demand data has improved with falling production and inventory and rising apparent demand. Strong cost support and positive market sentiment are expected to drive the short - term upward bias [1]. - Iron ore shows an oscillating trend due to the increase in global shipments and the decrease in molten iron production [1]. - Coking coal is expected to have a wide - range oscillation as tightened supply measures and uncertain demand from coke enterprises co - exist [1]. - Coke is likely to oscillate widely as supply has an upward adjustment intention while demand has a downward trend [1]. - Manganese silicon may have a slightly upward - moving price center, but the sustainability is limited due to a complex supply - demand - cost - inventory situation [3]. - Ferrosilicon is expected to oscillate slightly upward as market sentiment is boosted, but the driving force for continuous upward movement is weak [3]. Group 3: Summary of Daily Data Monitoring Contract Spread - For rebar, the 1 - 5 month spread is - 53.0 (up 10.0), and the 5 - 10 month spread is - 32.0 (up 3.0) [4]. - For hot - rolled coil, the 1 - 5 month spread is - 13.0 (down 2.0), and the 5 - 10 month spread is - 8.0 (up 15.0) [4]. - For iron ore, the 1 - 5 month spread is 23.0 (down 1.0), and the 5 - 9 month spread is 21.5 (unchanged) [4]. - For coke, the 1 - 5 month spread is - 143.0 (down 13.5), and the 5 - 9 month spread is - 90.5 (up 8.0) [4]. - For coking coal, the 1 - 5 month spread is - 76.5 (down 11.0), and the 5 - 9 month spread is - 73.5 (up 1.5) [4]. - For manganese silicon, the 1 - 5 month spread is - 38.0 (unchanged), and the 5 - 9 month spread is - 34.0 (down 8.0) [4]. - For ferrosilicon, the 1 - 5 month spread is - 88.0 (down 10.0), and the 5 - 9 month spread is - 58.0 (up 8.0) [4]. Basis - For rebar, the 01 - contract basis is 107.0 (down 22.0), and the 05 - contract basis is 54.0 (down 12.0) [4]. - For hot - rolled coil, the 01 - contract basis is 15.0 (down 20.0), and the 05 - contract basis is 2.0 (down 22.0) [4]. - For iron ore, the 01 - contract basis is 50.9 (down 2.1), and the 05 - contract basis is 73.9 (down 3.1) [4]. - For coke, the 01 - contract basis is - 81.2 (down 10.0), and the 05 - contract basis is - 224.2 (down 23.5) [4]. - For coking coal, the 01 - contract basis is - 34.0 (down 60.0), and the 05 - contract basis is - 110.5 (down 71.0) [4]. - For manganese silicon, the 01 - contract basis is - 172.0 (down 62.0), and the 05 - contract basis is - 210.0 (down 62.0) [4]. - For ferrosilicon, the 01 - contract basis is - 294.0 (down 50.0), and the 05 - contract basis is - 382.0 (down 60.0) [4]. Spot Price - For rebar, Shanghai is 3240.0 (up 20.0), Beijing is 3170.0 (up 30.0), and Guangzhou is 3330.0 (up 20.0) [4]. - For hot - rolled coil, Shanghai is 3360.0 (up 20.0), Tianjin is 3310.0 (up 20.0), and Guangzhou is 3360.0 (up 30.0) [4]. - For iron ore, PB powder is 805.0 (up 9.0), and Super Special powder is 715.0 (up 6.0) [4]. - For coke, Rizhao quasi - first - grade metallurgical coke is 1550.0 (up 40.0) [4]. - For coking coal, Shanxi medium - sulfur primary coking coal is 1460.0 (unchanged) [4]. - For manganese silicon, Ningxia is 5600.0 (up 20.0), Inner Mongolia is 5680.0 (unchanged), and Guangxi is 5650.0 (unchanged) [4]. - For ferrosilicon, Ningxia is 5170.0 (unchanged), Inner Mongolia is 5200.0 (down 20.0), and Qinghai is 5200.0 (unchanged) [4]. Profit and Spread - Rebar's disk profit is - 137.9 (down 4.6), long - process profit is - 81.8 (up 3.9), and short - process profit is - 40.6 (up 10.0) [4]. - The coil - rebar spread is 212.0 (down 2.0), the rebar - iron ore ratio is 3.9 (down 0.01), the rebar - coke ratio is 1.7 (down 0.03), the coking coal - iron ore ratio is 1.4 (down 0.02), the coke - iron ore ratio is 2.2 (up 0.03), and the double - silicon spread is 258.0 (down 28.0) [4]. Group 4: Chart Analysis 3.1 Main Contract Price - Charts show the closing prices of main contracts for rebar, hot - rolled coil, iron ore, coke, coking coal, manganese silicon, and ferrosilicon from 2020 to 2025 [6][7][10][14] 3.2 Main Contract Basis - Charts display the basis of main contracts for rebar, hot - rolled coil, iron ore, coke, coking coal, manganese silicon, and ferrosilicon [16][18][21][23] 3.3 Inter - period Contract Spread - Charts present the inter - period contract spreads of rebar, hot - rolled coil, iron ore, coke, coking coal, manganese silicon, and ferrosilicon [25][29][30][34][37] 3.4 Inter - variety Contract Spread - Charts show the inter - variety contract spreads such as the ferrosilicon contract spread, main - contract coil - rebar spread, rebar - iron ore ratio, rebar - coke ratio, coking coal - iron ore ratio, coke - iron ore ratio, and double - silicon spread [39][40][41][42] 3.5 Rebar Profit - Charts illustrate the disk profit, long - process calculated profit, and short - process calculated profit of rebar from 2020 to 2025 [44][45][48] Group 5: Black Research Team Member Introduction - Qiu Yuecheng, the assistant director of Everbright Futures Research Institute and the director of black research, has nearly 20 years of experience in the steel industry [50] - Zhang Xiaojin, the director of resource product research at Everbright Futures Research Institute, has rich experience in the coal futures field [50] - Liu Xi, a black researcher at Everbright Futures Research Institute, is good at fundamental supply - demand analysis based on industrial chain data [50] - Zhang Chunjie, a black researcher at Everbright Futures Research Institute, has experience in investment trading strategies and combining financial theory with industrial operations [51]

Third Quarter 2025 O c t o b e r 2 9 , 2 0 2 5 FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Examples of such forward-looking statements include but are not limited to: (i) statements regarding the Company's results of operations and financial condition; (ii) statements of plans, objectives or goals of the Company or its ...

Irish man killed in first Australian mine explosion in a decade https://t.co/j0dD9foYzG ...

Market Overview - Australian shares are showing minimal movement ahead of the crucial CPI print, with ASX 200 futures indicating a slight increase of 0.5 points [1] - The third-quarter consumer price index is expected to influence the Reserve Bank's cash rate decision, scheduled for Melbourne Cup day next week [2] Inflation Expectations - Core inflation is anticipated to rise from 2.7% in June, with implications for the Reserve Bank's monetary policy depending on the CPI results [3] Company News - WiseTech Global (ASX:WTC) is under scrutiny following a raid by the Australian Federal Police over alleged insider trading, resulting in a significant drop of 15.9% in its share price [5] - Lynas Rare Earths (ASX:LYC) is reducing its September capital raise by $180 million for a new heavy rare earth separation facility in Malaysia [5] - Woolworths (ASX:WOW) is set to release its first-quarter update, coinciding with its upcoming AGM [6] - Energy Minister Chris Bowen has stated that the government will not engage in blame games regarding the Tomago aluminium smelter, emphasizing the need for Rio Tinto (ASX:RIO) to keep the facility operational beyond 2028 [6] - CSL Ltd (ASX:CSL) has experienced a 13% reduction in target price from one broker [6] Commodity and Forex Update - The Australian dollar is trading at 65.8 U.S. cents [7] - Iron Ore prices have increased by 0.8% to $106 per tonne [7] - Brent Crude has decreased by 1.7% to $64.47 per barrel [7] - Gold is currently priced at $3,959 per ounce, failing to surpass the $4,000 mark [7] - U.S. natural gas futures have dropped by 5.5% to $3.25 per gigajoule [7]