Morning Briefing: Collective Publishes Maiden Resource for Apollo, Aldebaran Drill 513m of 1.06% CuEq

SPEAKER_1 (0:02)

Good morning, and welcome back to the Mining Stock Daily Morning Briefing, presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new Clearcom Studios, here's your host, Trevor Hall.

Trevor Hall (0:18)

Good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing. It's Wednesday, September 9th.

It's going to be a good day here. Holds up 1.3% to $4,413 an ounce this morning. Silvers up 1.2% to $66.55 an ounce. Copper is giving back some of yesterday's gains off about 0.8 to $6.68. All while Brent Crude has crossed the $100 a barrel threshold for the first time since July, it's up 2.5% to $100.41 a barrel. It's move is being driven by a combination of forces. The US-Iran attacks have disrupted flows through the Strait of Hormuz, and a recovery in Chinese oil buying is adding demand side fuel to the rally. Millions of barrels a day continue to cross the Strait, though largely on tankers operating with their transponders switched off.

In gold, some of the world's largest asset managers are reported to be rebuilding bullion positions after the metal's recent pullback, betting that the long-term structural case from geopolitical risk, central bank demand and deficit spending remains intact even as the US Federal Reserve takes a more assertive tone on inflation. We'll get to the news out of the miners and explorers here in just a moment, but first a quick mention of today's sponsor.

This morning, briefing is brought to you by Equinox Gold. Equinox Gold is a senior gold producer with a portfolio of operating mines across Canada, United States and Mexico. The company completed its transformative combination with Orla Mining back in July, creating what the combined entity has now called North America's new senior gold producer and immediately increased their full year 2026 production guidance alongside a 50% increase in the quarterly dividend. Equinox Gold trades on the TSX and the NYSE American, both under the symbol EQX.

Justin Hewn (2:24)

Hey everyone, Justin Hewn of Uranium Insider here, inviting you to check out the Going Nuclear podcast, co-hosted by yours truly and Trevor Hall and produced by the Clear Commodity Network. Each episode, we dive deep into the uranium sector in the fast evolving world of nuclear energy and uranium investment. From supply dynamics to policy developments and market trends, we bring you the insights that matter most to energy investors and industry watchers.

You can find Going Nuclear on Apple Podcasts, Spotify and at clearcommodity.net. Clear Commodity Network, digital news on the physical markets.

Trevor Hall (3:04)

Here's what you need to know this morning. Lots of news out today. We'll start with Collective Mining. They released a Maiden Mineral Resource for the Apollo deposit at the Guayabalas Project last night. The bulk tonnage gold, silver, copper, tungsten deposit hosts two and a half million ounces of gold equivalent in the indicated category at 37 million tons, grading 2.17 grams per ton, gold equivalent, plus an additional 2.8 million ounces of gold equivalent inferred. The company's executive chairman called it the largest new mineral resource stage discovery in Columbia since the Buretica deposit, with an environmental license application planned for the second half of 2027 and an aggressive ongoing drill program continuing to build on the resource. Collective Mining trades on the NASDAQ and the TSX both under the symbol CNL. K2 Gold has reported results from four additional holes at the Dragonfly Zone at its Mojave Oxide Gold Project in California, with the best interval returning 27.43 meters of 4.08 grams per tonne gold, and it included 15.2 meters of 5.3 grams per tonne, all coming from a pad stepped out 40 meters west of the company's 2020 discovery hole. There was also a three-meter interval grading 17.5 grams per tonne gold in an adjacent drill hole reported this morning. Results continue to confirm multiple stacked high-grade oxide gold structures open in all directions, with eight more Dragonfly holes and eight holes from the Newmont Target at the south end of the east side gold trend pending. K2 Gold trades on the Venture Exchange with KTO and on the OTCQX with KTGDF.

Aldebaran Resources has reported a drill hole at its Altar Copper-Gold Porphyry Project in San Juan Province, Argentina, returning 513 meters at 1.06% copper equivalent. That was within a broader 1,257-meter intersection, grading 0.66% copper equivalent. Big hole. Other results this morning included 1,323 meters of a half percent copper equivalent, and 1,354 meters of 0.41% copper equivalent. Aldebaran Resources trades on the Venture Exchange with ALDE and on the OTCQX with ADBRF.

District Metals has completed its inaugural 2,000-meter drill program at the Ostracallin and Möckermage Mineral Licenses in Central Sweden with all 15 holes intersecting graphitic black shale interpreted to represent the alum shale formation. The work confirmed the effectiveness of the company's mobile MT geophysical survey as a targeting tool with shale horizons averaging 50 to 141 meters of composite downhole thickness across the two licenses. Geochemical assays are under way to determine grade and continuity of the uranium polymetallic mineralization with results expected ahead of a planned October resumption of drilling at the company's flagship Vekin property. District Metals trades on the Venture Exchange with DMX and on the OTCQX with DMXCF.