Daily Metals Mining Rundown for 15 April 2025 (after-market ASX)

Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 450 mining stocks, including mineral resource inventories, and including project NPV information for some 150+ developers.

Author

Host Rock Capital
April 15, 2025

Today’s metal price movements (over past ~15 hrs) and mining company peer group movements through ASX trading (including yesterday’s TSX/NY movements) include:

Today’s top and bottom 40 performing metals mining company stocks (of 458 in our Peer Table) through ASX trading and including Friday’s TSX/NY movements include:

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

  • 15 April 2025 - Copper explorer Peel Mining (ASX:PEX) announced a resource upgrade for its 100%-owned Wagga Tank deposit - part of its flagship South Cobar project in Australia - following recent drilling success. The update grew Wagga Tank’s indicated + inferred resource tonnage by 46% to 9.99 Mt (also 46% in indicated category), which increased total South Cobar project resources to 22.9 Mt @ 1.03% Cu, 0.37 g/t Au, 35 g/t Ag, 0.72% Pb, 1.45% Zn, containing 1.15 Blbs CuEq or 1.84 Moz AuEq (45% from Cu, 16% from Ag, 15% from Au, rest from Zn-Pb) at our estimated 3-month trailing average metal prices, resulting in a 12% increase in contained metal. The company says this update is important because the new larger open pit component offers lower development capital cost than prior plans contemplated. PEX stock traded up slightly (~1%, roughly in-line with copper explorer peer median share performance) today (15 April) following this news, to a (15 April) market cap/lb resource of US$0.024/lb CuEq ($15/oz AuEq) - which is in-line with our 36-company copper explorer peer group median of $0.021/lb CuEq ($13/oz AuEq), and below the group mean of $0.033/lb CuEq ($21/oz AuEq).

Wagga Tank long-section looking northwest (Source: Peel Mining)

Disclaimer: Provided for informational and educational purposes, and is not intended as investment advice. For full disclosures, visit www.hostrockcapital.com/disclosures.