Daily Metals Mining Rundown for 16 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 16, 2025

Today’s metal price movements (over past ~14 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:

  • 16 April 2025 - Gold and nickel explorer WIN Metals (ASX:WIN) announced an updated mineral resource estimate for its Butchers Creek project in Western Australia, which grew the deposit slightly to 5.23Mt @ 1.91 g/t Au for 321 koz Au. Most importantly, much of the inferred resources were converted to indicated for a higher-grade indicated component of 3.58 Mt @2.24 g/t Au for 258koz Au, which helps de-risk future development. And growth is set to continue, with 2025 drilling focused on high-priority, high-grade targets, including at Golden Crown where recent drilling returned 10.85 g/t Au over 6m. While currently focused on gold, WIN also has a nickel project (and a small lithium project). Altogether, WIN’s resource inventory totals 577 Mlbs NiEq or 1.45 Moz AuEq (now 25% from Au, 72% from Ni, rest Li). WIN stock traded up a whopping 29% Wednesday (16 April) following this news, to a market cap/unit resource of US$0.016/lb NiEq ($6.3/oz AuEq), which is just above our our 17-company nickel explorer peer group median market cap/lb of $0.010/lb NiEq. But in terms of gold explorers, WIN (still) trades at a 70% discount to our 80-company gold explorer peer group median’s $21/oz.

Butchers Creek Long Section looking north-west. Gold endowment displayed as ounces per vertical metre (OPVM). Source: WIN Metals

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