Daily Metals Mining Rundown for 14 July 2025 (after-market ASX)

Today’s metal price movements (since Friday’s) and mining company peer group through ASX trading (including Friday’s TSX/NYSE movements) include:

Top and bottom 40 daily performing metals mining company stocks (out of 488 in our Peer Table) through ASX trading (including yesterday’s TSX/NYSE movements) include:

Covered mining company announcements incorporated into today’s after-market ASX Peer Table (resource updates, economic studies, changes in attributable project ownership) include:

• 14 July 2025 - Nickel, cobalt, and gold explorer Nordic Resources (ASX:NNL) announced a maiden JORC resource estimate for its Hirsikangas (264 koz Au @ 1.13g/t) that grew its Middle Ostrobothnia/Central Finland gold asset JORC resources by 34% to a reported 1.23 Moz AuEq @ 1.11g/t AuEq (including contained gold of 1.04 Moz Au @ 0.95 g/t Au). The resource update used a cut-off grade of 0.3g/t Au and resulted in 28% more tonnes and 16% more contained gold-equivalent versus a comparable historic 2009 MRE (that used a higher 0.5 g/t cut-off), while only compromising a 10% drop in grade. Including NNL’s vast nickel-cobalt resources in northern Finland, NNL now hosts mineral resources of 5.76 Moz AuEq or 2.68 Blbs NiEq (now 19% from Au, 71% from Ni, 13% from Co, rest Cu - at our estimated 3-month trailing average metal prices with no recovery factors). NNL stock traded up +6% today 14 July (vs. ASX gold explorer mean performance of +2.5%) following this news to A$0.09/sh, market cap (pro-forma including pending shares from cap raise) of A$29m, and (proforma) market cap/oz resource of US$3.32/oz AuEq ($0.007/lb NiEq) - a wide 88% discount to our 93-company gold explorer median market cap $27/oz AuEq.

Disclaimer: Provided for informational and educational purposes, and is not intended as investment advice. Affiliates of Host Rock Capital hold positions in Nordic Resources (ASX:NNL). For full disclosures, visit www.hostrockcapital.com/disclosures.