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The Known Tin and Tungsten Fields of Eastern Australia, Part 1 of 3
Explore the rich history of tin and tungsten in Eastern Australia. Discover why tin and tungsten fields have been long known but underdeveloped.

Noel Ong
Aug 3120 min read


Austral Resources (ASX: AR1), what it actually owns now
Austral Resources rebuilt itself after a two-year suspension, agreed to buy a zinc mine for its copper ground, and reported a maiden drill result still without a resource behind it.

Noel Ong
Aug 2922 min read


The Scandium Market in 2026 - Does a lower scandium price make the investment case stronger?
The scandium oxide price has fallen about a third since 2021. Samso separates the three published prices, what is produced, and what is only announced.

Noel Ong
Aug 2843 min read


What a PGE Project Needs Before It Gets Built
Southern Palladium has spent four years turning a shallow reef on South Africa's Eastern Limb into a mining right, an ore reserve and a metallurgical result that has changed what the project is worth. Chalice Mining has spent six years and much more money working towards something similar in Western Australia. Terra Metals has a discovery the market likes and no resource behind it yet. This piece asks one question. What does a platinum group element project need before it get

Noel Ong
Aug 2735 min read


The Copper Question - Discussion On The ASX Copper Register
Part 1 tested the demand headwinds. Part 2 examined the supply side and asked what copper price it would take to fix it. This closing Part brings the two together in the place they were always heading, a register of the copper deposits and operations an ASX investor can actually reach, from the producers down to the explorers, with each row read through the tests the series developed along the way. Compiling it revealed something worth knowing on its own. Corporate buyers hav

Noel Ong
Aug 2315 min read


The Copper Question - Discussion On Copper's Supply Problem
Part 1 tested the two demand headwinds raised in the financial press. This part examines the side of the market they blow against: mine supply that keeps missing its own guidance, an industry now smelting concentrate for nothing, and the question of what copper price it actually takes to bring a new mine into the world. It closes with a live Australian case study: the restart of Nifty, where the answer is being tested in public, this year.

Noel Ong
Aug 2016 min read


The Mathematician Who Bet Less Than His Own Formula - How much of your portfolio is measured
How much of a portfolio should one stock be? Edward Thorp ran the Kelly formula with real money for 28 years, then deliberately bet less than it said.

Noel Ong
Aug 1919 min read


From villain to dividend — the fluorite hiding in tungsten skarns
In Part 2, fluorite was the villain — the calcium look-alike that makes a tungsten concentrate so hard to clean. But fluorite (fluorspar) is itself a critical mineral. So the question writes itself: if you can separate it, is the troublemaker actually a second product? The literature says yes — with conditions. Here is the evidence, sourced.

Noel Ong
Aug 1613 min read


The Copper Question - Discussion On Copper's Two Headwinds
A newspaper column raised two risks to the copper story: communities resisting data centres, and carmakers rewiring in aluminium. This Insight follows both threads to their sources, sets them against a century of substitution history, and then turns to the Australian ground: who produces, who holds a resource, and how to weigh the explorers still looking for one.

Noel Ong
Aug 1221 min read


The Calcium Curse — why a tungsten skarn fights back at the mill
Before the challenge of processing, comes the reward. Tungsten stands out in metallurgy due to its exceptional properties: it has the highest melting point of any metal and a density close to that of gold. This makes it a preferred choice for cutting tools, armor, and aerospace applications. Additionally, tungsten is rare, difficult to recycle, hard to replace, and approximately 80% of it is sourced from China. This is why the EU considers it a critical raw material.

Noel Ong
Aug 918 min read
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