Archive

July 2025

Browsing

For a fleeting moment, Ukraine’s conflict may have come full circle.

In the past 48 hours, US President Donald Trump has perhaps said his most forcefully direct words yet on arming Ukraine. And in the same period, the Kremlin have given their blankest indication to this White House that they are not interested in a realistic, negotiated settlement to the war.

Let us start with Trump’s comments on arming Ukraine, a reversion to a basic bedrock of US foreign policy for decades – opposing Russian aggression. “We’re going to send some more weapons,” the president said Monday of Ukraine. “We have to – they have to be able to defend themselves. They’re getting hit very hard.”

Behind him, his Defense Secretary Pete Hegseth nodded, despite this contradiction of the administration’s announcement days earlier of military shipments being stopped. What did Trump actually mean? He was short on detail.

A Pentagon spokesman later said that “at President Trump’s direction, the Department of Defense is sending additional defensive weapons to Ukraine to ensure the Ukrainians can defend themselves while we work to secure a lasting peace and ensure the killing stops.”

The about-face came days after Volodymyr Zelensky’s call with Trump on Friday, in which the Ukrainian leader said the two men spoke of joint weapons production, and air defense.

Zelensky urgently needs more Patriot interceptor missiles, which are the only way of taking down Russian ballistic missiles, and which only the US can authorize trade in. Trump spoke a day earlier with German Chancellor Friedrich Merz, who has offered to buy Patriots from the US to supply to Ukraine. Enough is afoot to have led Zelensky to declare on Saturday his Trump call was “the best conversation we have had during this whole time, the most productive.”

Trump’s failure to provide details may be strategic, or a by-product of his occasional disdain for them. But while he may sound briefly a little more like his predecessor, Joe Biden, in terms of arming Ukraine, herein lies one stark difference. Biden publicly announced in agonizing detail every capability he gave Kyiv, perhaps hoping the transparency would avoid a sudden unexpected escalation with Moscow.

Instead, Biden ended up with an excruciating public debate with Kyiv about every new system, and arms shipment, during which every seemingly impossible demand – from HIMARS rockets, to tanks, to F-16 fighter jets, to strikes inside Russia by ATACMs – was eventually acceded to. The plain, open ladder of American escalation was laid bare to the Kremlin. Trump perhaps seeks to avoid that by saying less.

But after barely six months in office, Trump finds himself back where Biden always was, after trying almost everything else – cosying up to then criticizing Russian President Vladimir Putin, falling out and making up with Zelensky, and spurning before eventually backing Europe. But the timing of his latest conversion, however enduring, reveals the desperation of this moment in the conflict.

The most recent, record Russian use of drones to attack Kyiv exposed possibly critical shortcomings in the capital’s air defenses. They would only have worsened without being resupplied, at a time when Ukraine has reported 160,000 Russian troops are massing to the north and east of the frontlines. The months ahead will be unpredictable and critical for Kyiv, even with renewed US military support.

Trump’s reversal may have stopped panic edging towards the risk of collapse. Why the shift?

Trump has always tried playing nice with Putin. Patient diplomacy, gentle words, and even last week’s brief pause in military aid – a Kremlin demand for a deal – still did nothing to change Putin’s position. The Kremlin does not want peace. And so Trump has learned slowly, rejecting the travails of recent history, that Russia is an opponent.

The end of the US’ longest war in Afghanistan, in which Biden withdrew fast in the wake of a hasty deal signed by Trump with the Taliban, led to scenes that haunted Trump’s predecessor and remain a potent stick with which Republicans beat Democrats. The repetition of a similar rout of American allies in Ukraine, or Eastern Europe, would be an indelible stain on the Republican or MAGA record. That is not imminent, or even that likely for now. But the seeds of it lie perhaps in any success for Putin’s planned aggression in the coming months.

Meanwhile, after six months of toying with the ideas of diplomacy, the Kremlin is back where it started too: willing to accept a peace only if it is surrender by another name. Its recent goal has been achieved: it has flattered the White House’s belief that it could talk out an end to the war, and taken enough time in talks that Russia’s summer offensive is now adequately manned, and the ground below these troops hard.

As recently as Monday, Putin’s top diplomat was repeating Russia’s most maximalist set of demands. Sergey Lavrov told a Hungarian newspaper that the “underlying causes” of the war must be eliminated, and gave a long, expansive list of impossibles, including the “demilitarization and denazification of Ukraine, lifting sanctions on Russia, rescinding all lawsuits against Russia, and returning the illegally seized Western-based assets.”

He added to that a requirement that Ukraine pledge to never join NATO, and also that occupied Ukrainian territory be recognized as Russian, including parts of Zaporizhzhia and Kherson that Moscow hasn’t even seized yet. It was a dizzying echo of Russia’s demands when it engaged in diplomacy for the first time in Istanbul, in the opening weeks of the war, as its soldiers shot civilians dead in the suburbs of Kyiv.

Putin’s rationale for rejecting real diplomacy is simple. He has sold this war (falsely) as an existential clash between Russia and its traditional values, and a liberal, expansionist and aggressive NATO. It is a binary moment in Russian history, his narrative insists. To entertain a short, albeit deceptive ceasefire on American terms would contradict the urgency of that false story, and risk undermining the skimpy morale of his troops, whose lives his commanders often fritter away in brutal, frontal assaults.

Putin can mollify Trump with talk of his desire for peace. But he cannot let slip the façade of the motherland being under assault. His retreat back to type has been shorter and easier than Trump’s. But still the Kremlin sees the enemy where it always has been, and where it always needs to be, for its war of choice to continue ending the lives of so many Russian men early.

And so, for a brief moment, Putin and Trump find themselves back where Russia and the US were in 2022. Moscow has tens of thousands more troops reportedly amassed to invade Ukraine yet again. Diplomacy seems pointless. Washington needs to help defend Ukraine or risk global embarrassment – the demise of its military hegemony. And Ukraine is still there, in the middle, watching both powers on either side vacillate and spin, yet holding on.

This post appeared first on cnn.com

Germany summoned the Chinese ambassador to the Foreign Ministry on Tuesday after saying China’s military had laser targeted a German aircraft taking part in an European Union operation in the Red Sea.

The flare up in tensions comes as concerns mount in the EU about Chinese influence on critical technologies and security infrastructure in Europe.

“Putting German personnel at risk and disrupting the operation is completely unacceptable,” said Germany’s Foreign Ministry on social media platform X.

There was no immediate response from China’s Foreign Ministry, and the Chinese Embassy in Berlin did not immediately respond to an emailed request for comment.

Germany’s Defense Ministry said the aircraft, taking part in the EU’s ASPIDES mission which protects international sea routes in the Red Sea, had been contributing a Multi-Sensor Platform, or “flying eye” for reconnaissance of the area since October.

A Chinese warship, which had been encountered several times in the area, had laser targeted the aircraft with no reason or prior communication during a routine mission flight, said a ministry spokesperson. The incident took place at the beginning of July.

“By using the laser, the warship put at risk the safety of personnel and material,” said the spokesperson, adding the mission flight was aborted as a precaution and the aircraft landed safely at a base in Djibouti.

The deployment of the MSP in ASPIDES has since been resumed, he said.

The MSP is operated by a civilian commercial service provider and German armed forces personnel are involved, said the ministry, adding the data collected significantly contributes to awareness for partners.

China has previously denied accusations of firing or pointing lasers at US planes. Incidents involving a European NATO member and China are more unusual.

In 2020, the US Pacific Fleet said a Chinese warship had fired a laser at a US naval patrol aircraft flying in airspace above international waters west of Guam. China said that did not accord with the facts.

This post appeared first on cnn.com

More than 80 years ago, the crew of the USS New Orleans, having been hit by a Japanese torpedo and losing scores of sailors, performed hasty repairs with coconut logs, before an 1,800-mile voyage across the Pacific in reverse.

The front of the ship, or the bow, had sunk to the sea floor. But over the weekend, the Nautilus Live expedition from the Ocean Exploration Trust located it in 675 meters (2,214 feet) of water in Iron Bottom Sound in the Solomon Islands.

Using remotely operated underwater vehicles, scientists and historians observed “details in the ship’s structure, painting, and anchor to positively identify the wreckage as New Orleans,” the expedition’s website said.

On November 30, 1942, New Orleans was struck on its portside bow during the Battle of Tassafaronga, off Guadalcanal island, according to an official Navy report of the incident.

The torpedo’s explosion ignited ammunition in the New Orleans’ forward ammunition magazine, severing the first 20% of the 588-foot warship and killing more than 180 of its 900 crew members, records state.

The crew worked to close off bulkheads to prevent flooding in the rest of the ship, and it limped into the harbor on the island of Tulagi, where sailors went into the jungle to get repair supplies.

“Camouflaging their ship from air attack, the crew jury-rigged a bow of coconut logs,” a US Navy account states.

With that makeshift bow, the ship steamed – in reverse – some 1,800 miles across the Pacific to Australia for sturdier repairs, according to an account from the National World War II Museum in Louisiana.

“‘Difficult’ does not adequately describe the challenge,” Schuster said.

While a ship’s bow is designed to cut through waves, the stern is not, meaning wave action lifts and drops the stern with each trough, he said.

When the stern rises, rudders lose bite in the water, making steering more difficult, Schuster said.

And losing the front portion of the ship changes the ship’s center of maneuverability, or its “pivot point,” he said.

“That affects how the ship responds to sea and wind effects and changes the ship’s response to rudder and propellor actions,” he said.

The New Orleans’ officers would have had to learn – on the go – a whole new set of actions and commands to keep it stable and moving in the right direction, he said.

The ingenuity and adaptiveness that saved the New Orleans at the Battle of Tassafaronga enabled it to be a force later in the war.

After making it across the Pacific from Australia to the US naval yard at Puget Sound, Washington state – facing the right way this time – the New Orleans undertook permanent repairs. It later participated in actions across the Pacific, including the decisive battles of Saipan and Okinawa, which led to the US gaining airfields that enabled the final blows to be made on Imperial Japan.

The ship was awarded 17 battle stars for its actions in the Pacific, tying it for the third most such decorations in the Pacific theater, according to the World War II Museum.

The New Orleans’ bow was found during the 21-day Maritime Archaeology of Guadalcanal expedition of Iron Bottom Sound by Nautilus Live, a cooperative effort among NOAA Ocean Exploration, the Ocean Exploration Cooperative Institute, the University of New Hampshire and the Naval History and Heritage Command.

Iron Bottom Sound was called Savo Sound before World War II, but Allied sailors gave it its current moniker for the huge numbers of warships that sank in battle there.

According to the expedition, five major naval battles were fought there between August and December 1942, resulting in the loss of more than 20,000 lives, 111 naval vessels and 1,450 planes on all sides.

Before the expedition, “fewer than 100 of these US, Japanese, Australian, and New Zealand military ships and planes have been located,” it says on its website.

The expedition began on July 2 and continues until July 23. Its continuing searches are being live streamed at nautiluslive.org.

This post appeared first on cnn.com

More than 200 kindergarten students in northwestern China were found to have abnormal blood lead levels after kitchen staff used paint as food coloring, authorities said, in a case that’s stoked outrage in a country long plagued by food safety scandals.

Eight people, including the principal of the private kindergarten that the children attended, have been detained “on suspicion of producing toxic and harmful food,” according to a report released Tuesday by Tianshui city government, as cited by Chinese state broadcaster CCTV.

The principal and a financial backer of the school had allowed kitchen staff at the Heshi Peixin Kindergarten to use paint pigments to color the children’s food, leading to contamination, according to the report, which followed a days-long but ongoing probe into the cases.

Of the 251 students enrolled at the kindergarten, 233 were found to have abnormal levels of lead in their blood, the report found. The children were undergoing medical treatment with 201 of them currently in hospital, authorities said. Medical evaluation on the effects of their exposure, which can cause long-term and developmental harm, were not yet made public.

Local media cited a pediatrics professor as saying aspects of the case suggest there could be chronic lead poisoning, meaning exposure over a period of more than three months.

During the investigation, two food samples from the kindergarten – a red date steamed breakfast cake and a sausage corn roll – were found to have lead levels more than 2,000 times the national food safety standard for contamination, according to figures cited in the investigation report.

Authorities said they launched the probe on July 1 after becoming aware of reports that children at the school had abnormal blood lead levels. Lead exposure in children can lead to severe consequences, including impacting children’s brain development, behavior and IQ.

The government report did not disclose how long the exposure had gone on, with some affected parents interviewed by state media saying they had noticed abnormal signs in their children’s health and behavior for months – and clamoring for more answers about how the exposure happened.

“My mind went blank,” a mother of one affected student told state media after learning from a hospital in a nearby city that her child had a blood lead level of 528 micrograms per liter – a revelation that came after she said a local department in Tianshui told her the blood levels were normal, according to a report published by outlet China National Radio (CNR). China’s National Health Agency classifies “severe lead poisoning” as anything above 450 micrograms per liter.

“Right now, I’m not thinking about compensation – I just want my child to be healthy,” she was quoted as saying.

‘How could they be poisoned so seriously?’

The case has raised all-too-familiar concerns in China about food safety as well as the levels of transparency with which such cases are handled – especially in a system where independent journalism is tightly controlled and officials are under pressure to resolve issues quickly.

Earlier this month, after the school conducted tests on the students but did not issue individual results, many parents took their children to Xi’an – a major city a roughly four-hour drive from Tianshui – for testing, according to a report published by a news outlet affiliated with the official People’s Daily.

Reports from state-affiliated media found that 70 children who were tested in Xi’an had blood lead levels surpassing the threshold of lead poisoning, with six of those cases exceeding 450 micrograms per liter. According to China’s official guidelines, this level is classified as “severe.” A full picture of the results from all the students with abnormal levels was not publicly available.

One mother told the People’s Daily-affiliated outlet that she had been confused by her daughter’s constant stomach aches, loss of appetite and behavioral changes over the past six months, which didn’t improve after treating her with traditional Chinese medicine.

Others expressed skepticism about the results of the official investigation.

“The children only eat three-color jujube steamed cake and corn sausage rolls once or twice a week, how could they be poisoned so seriously?” one mother, who gave her surname Wu, told CNR. “If something like this happened to the children in school, at least give us an explanation. Now there is nothing.”

Earlier this week, Tianshui’s mayor Liu Lijiang said the city would “do everything possible to ensure the children’s treatment, rehabilitation and follow-up protection,” while vowing to close “loopholes” in Tianshui’s public food safety supervision.

‘Serious accountability’

The case has led to widespread expressions of outrage across Chinese social media, the latest among dozens of high-profile scandals have been reported by local media since the early 2000s.

“Serious accountability must be maintained and food safety issues cannot be ignored or slacked off. When it involves the life safety of young children, severe punishment must be imposed,” wrote one commentator on the X-like platform Weibo.

“Children are the hope of a family. I hope they can recover soon and grow up healthily,” said another.

Past scandals have also impacted children. In one of the most egregious examples, six infants died and some 300,000 others were sickened by milk powder formula containing the toxic industrial chemical melamine. Several executives found to be responsible for the 2008 case were ultimately handed death sentences, and the tragedy drove deep mistrust of domestic products and food safety in China.

Lead poisoning used to be a more widespread issue in China. In 2010, the central government for the first time allocated special funds for heavy metal pollution prevention in response to at least 12 high-profile cases the previous year that left more than 4,000 people with elevated blood lead levels, according to state media.

Officials have also moved to tighten food safety regulations in recent years, but pervasive cases have shown more needs to be done in terms of enforcement and to build back public trust, experts say.

Improving the food regulatory system calls for “more transparency, more thorough investigation of food safety cases,” said Yanzhong Huang, a senior fellow for global health at the Council on Foreign Relations in New York and author of the book “Toxic Politics: China’s Environmental Health Crisis and its Challenge to the Chinese State.”

Huang also said a lack of public confidence in the safety systems could evolve into a “trust crisis.”

This post appeared first on cnn.com

Russia launched its largest drone attack on Ukraine since the beginning of its invasion, Ukrainian officials said Wednesday, just hours after US President Donald Trump pledged more military support for Kyiv and accused his Russian counterpart Vladimir Putin of throwing “bullsh*t” over peace talks.

The massive aerial assault involved 741 drones, Ukraine’s Air Force said, eclipsing the previous record number of 539 drones, set on July 4, by hundreds – but it was largely repelled, with the damage limited and no immediate reports of deaths.

“This is a demonstrative attack, and it comes at a time when there have been so many attempts to achieve peace and cease fire, but Russia rejects everything,” Ukrainian President Volodymyr Zelensky wrote on Telegram.

“Our partners know how to apply pressure so that Russia will be forced to think about ending the war, not new strikes. Everyone who wants peace must act.”

The barrage, which mainly targeted the city of Lutsk, in northwestern Ukraine, was so intense it caused Poland’s military to scramble aircraft in its airspace. It comes after weeks of intensifying aerial strikes on Ukraine by Russia.

“Last night, our region was again subjected to a mass attack,” Ivan Rudnitskyi, the head of the military administration in Volyn region, home to Lutsk, said on Telegram. “Virtually everything was flying towards Lutsk.”

Ukraine’s Air Force said it destroyed 718 of the drones. There were no immediate reports of fatalities. One woman was hospitalized with chest injuries in the city of Brovary, near Kyiv, its mayor said.

Ukraine launched 86 drones towards Russia overnight, according to the Russian Ministry of Defense.

Moscow’s scaled up assault on Kyiv follows a remarkable 48 hours in the White House, where Trump vented his anger about Russian leader Vladimir Putin’s lack of commitment to a peace deal and pledged more support for Ukraine.

“We get a lot of bullsh*t thrown at us by Putin, if you want to know the truth,” Trump said in a Cabinet meeting. “He’s very nice all of the time, but it turns out to be meaningless.”

Kyiv urgently needs more US-made Patriot interceptor missiles to repel Russian attacks.

“We’re going to send some more weapons (to Ukraine),” Trump said on Monday evening. “We have to — they have to be able to defend themselves.”

“They’re getting hit very hard. We’re going to have to send more weapons,” Trump added. “Defensive weapons, primarily, but they’re getting hit very, very hard.”

A Pentagon spokesman later said that “at President Trump’s direction, the Department of Defense is sending additional defensive weapons to Ukraine to ensure the Ukrainians can defend themselves while we work to secure a lasting peace and ensure the killing stops.”

Secretary of Defense Pete Hegseth did not inform Trump before authorizing the weapons pause last week, according to five sources familiar with the matter.

This post appeared first on cnn.com

The past week has been relatively stable in terms of sector rankings, with no new entrants or exits from the top five. However, we’re seeing some interesting shifts within the rankings that warrant closer examination. Let’s dive into the details and see what the Relative Rotation Graphs (RRGs) are telling us about the current market dynamics.

Sector Rankings Shuffle

The top three sectors, technology, industrials, and communication services, remain firmly entrenched in their positions. But the real action is happening just below them. Financials climbed to the number four spot, consequently pushing utilities down to fifth place. This shift is significant, as it indicates a move towards more cyclical sectors in the top rankings.

These changes suggest a potential shift towards more economically sensitive and offensive sectors, which supports a bullish scenario or at least a move away from defensive positioning.

  1. (1) Technology – (XLK)
  2. (2) Industrials – (XLI)
  3. (3) Communication Services – (XLC)
  4. (5) Financials – (XLF)*
  5. (4) Utilities – (XLU)*
  6. (8) Materials – (XLB)*
  7. (7) Consumer Staples – (XLP)
  8. (6) Real-Estate – (XLRE)*
  9. (10) Consumer Discretionary – (XLY)*
  10. (9) Energy – (XLE)*
  11. (11) Healthcare – (XLV)

Weekly RRG

The weekly Relative Rotation Graph continues to show strength in the technology sector within the leading quadrant. Industrials is also maintaining its position in the leading quadrant, with a very short tail, indicating a consistent relative uptrend.

Communication services, financials, and utilities are currently in the weakening quadrant. However, communication services have rebounded and appear to be making their way back towards the leading quadrant again.

Financials and utilities, on the other hand, are showing negative headings, with utilities displaying the weakest momentum (longest tail).

Daily RRG

Switching to the daily RRG, we get a more granular view of recent sector movements:

  • Technology remains the strongest sector, with a high RS ratio and a short tail
  • Communication services are rotating at a slightly negative heading but still within the leading quadrant
  • Financials and industrials are showing promise in the improving quadrant
  • Utilities continues to rotate within the lagging quadrant, confirming its weakness

The positioning of these sectors, particularly the strength of technology and improvements in financials and industrials, suggests a shift towards more cyclical and less defensive sectors in the market.

Technology

Tech continues its rally after breaking above the $240 resistance area. The raw RS line is also climbing, having broken out of its falling channel. This sector remains the market leader and shows no signs of slowing down.

Industrials

The industrial sector has cleared its overhead resistance and is pushing higher. Its RS line is putting in new highs, reflecting strong relative performance. The RRG lines remain in the leading quadrant and may be turning up again, a bullish sign.

Communication Services

Comms have broken above their resistance around 105. While still at the lower boundary of its rising RS channel, it’s starting to pick up steam. Both RRG lines are climbing, with RS momentum approaching the 100 level. A cross above that level would put it back in the leading quadrant.

Financials

Financials broke through overhead resistance last week, which is a significant positive development. It’s now above both horizontal resistance and its former support line. The relative strength line needs some work, but with the current price breakout, improvement seems likely in the near future.

Utilities

The weak link in the top five, utilities, remains range-bound. It’s still above support, but not by much. With the broader market rising, utilities’ sideways movement is causing its RS line to drop. The RRG lines are rolling over, and we may soon see this sector rotate into the lagging quadrant on the weekly RRG.

Portfolio Performance Update

I must admit, our portfolio is still underperforming. The current drawdown is a little over 8%, which isn’t ideal. However, this is the nature of trend-following strategies. We’re sticking with our approach through this period of underperformance, confident that historical results support our patience.

If market trends continue as they are, we should see more offensive sectors rotate into the top five. This shift, in turn, should help us overcome the current drawdown and eventually bring us ahead of the S&P again.

Remember, investing is a marathon, not a sprint. Periods of underperformance are normal and to be expected. The key is to stay disciplined and trust in your strategy.

#StayAlert and have a great week. –Julius


Investor Insight

As it advances its portfolio of gold assets in Western Australia’s prolific Pilbara gold province and New Zealand’s Otago Schist Belt, New Age Exploration presents a compelling investor value proposition, supported by a lean, discovery-driven strategy and an experienced technical team.

Overview

New Age Exploration (ASX:NAE) is building a pure-play gold exploration story centered on high-quality assets in tier-one jurisdictions in Western Australia and New Zealand. The company’s clear strategy is to operate in geological corridors already proven by major discoveries, while applying modern, cost-effective exploration techniques to define new zones of mineralization.

In Western Australia, the company’s Wagyu gold project is directly along strike from De Grey Mining’s Hemi discovery – now owned by Northern Star Resources (ASX:NST). In New Zealand, its projects – Lammerlaw and Otago Pioneer Quartz – lie within the same regional structure that hosts OceanaGold’s (TSE:OGC) 5 Moz Macraes deposit and Santana Minerals’ (ASX:SMI) rapidly growing Rise & Shine system.

With gold prices hovering at all-time highs, NAE’s approach favours technology-led targeting, rather than brute-force drilling campaigns, by using geophysics, geochemistry and passive seismic to zero in on structurally controlled gold systems with potential for scale.

All its projects are supported by local technical teams and seasoned exploration leadership, allowing concurrent progress and capital-efficient deployment. Recent programs at Wagyu and Lammerlaw have confirmed early-stage discoveries, and both assets are advancing through their next stages of drilling and target definition.

Company Highlights

  • Pilbara and Otago Exposure: Strategic landholdings in two world-class gold regions – Pilbara (WA) and Otago (NZ) – offering dual discovery potential.
  • Hemi-style Intrusion Targets: The Wagyu Gold Project shares geological features and proximity with De Grey Mining’s 11.7 Moz Hemi discovery, increasing the likelihood of a major find.
  • High-grade Intercepts: Recent drilling at Wagyu returned standout intercepts including 11.2 g/t gold and 1m @ 15.6 g/t gold.
  • Emerging New Zealand Gold Revival: Positioned at the forefront of a regional exploration resurgence in New Zealand’s South Island, supported by rising gold prices and favorable regulatory conditions.
  • Strong Cash Position: Recently raised AU$1.96 million to fund ongoing drilling, with multiple near-term catalysts expected.

Key Projects

Wagyu Gold Project

The Wagyu gold project is New Age Exploration’s flagship asset located in the highly prospective Central Pilbara region of Western Australia. The project is strategically situated between two major gold systems – Northern Star’s Hemi Gold Deposit (11.7 Moz gold resource) and the Withnell deposit – within the Mallina Basin, which hosts a similar intrusive-style orogenic gold mineralizing system. NAE holds exploration license E47/2974, which covers 136 sq km. Since acquiring the project, NAE has conducted extensive early-stage exploration, beginning with the reinterpretation of geophysical datasets, including airborne magnetics, radiometrics and satellite imagery, to delineate potential Hemi-style intrusions and structurally hosted gold targets.

Wagyu gold project location map

The company-initiated fieldwork in April 2024, completing soil sampling, gravity surveys and passive seismic geophysical surveys to refine drill targets. These efforts culminated in an extensive aircore drilling campaign (257 holes, over 7,000 m drilled), which identified a broad, crescent-shaped gold anomaly approximately 1.5 km in strike length. Notable results included intercepts such as 5.3 grams per ton (g/t) gold over 4 m (including 15.6 g/t gold over 1 m) and 2.7 g/t gold over 2 m. Encouraged by these results, the company completed its maiden RC program in March-April 2025, drilling 3,023 m across 33 holes targeting two high-priority gravity anomalies. Assays released in May 2025 confirmed a shallow oxide gold system and evidence of underlying mineralized structures, including 1.26 g/t gold over 5 m from 31 m (WRC029), 1.32 g/t gold over 3 m from 43 m (WRC031), and 1.44 g/t gold over 2 m from 83 m (WRC009). Numerous other holes returned mineralized intervals of 0.5 to 0.8 g/t over broad zones.

Importantly, geological logging and geophysical modeling support the presence of vertical feeder structures, interpreted as potential gold-bearing intrusions and fault-hosted ‘pipes,’ similar to Hemi’s discovery model. The Wagyu system remains open in all directions, with multiple untested gravity targets and deeper feeder zones yet to be explored. A follow-up RC campaign is planned for Q3/2025, focused on extending mineralization and chasing those deeper pipe-like structures beneath the supergene blanket.

Lammerlaw Gold and Antimony Project

Lammerlaw permit occurs in the southern limb of a regional fold feature characterised by a change in metamorphic grade from upper greenschist (purple) to lower greenschist (green).

The Lammerlaw gold and antimony project is located in the Otago Schist Belt, a prolific gold-bearing region in the South Island of New Zealand. The project spans 265 sq km and is held under Exploration Permit EP60807. The area is renowned for its historic gold production and geological similarity to OceanaGold’s Macraes Mine, New Zealand’s largest active gold mine with more than 5 Moz in resources. NAE acquired the project through a competitive acreage release and has since completed desktop studies, field mapping and geochemical sampling, which identified multiple 2 to 4 km-long gold-antimony soil anomalies aligned with historical workings.

During 2023-2024, the company identified nine high-priority drill targets based on soil geochemistry (gold, antimony, arsenic, tungsten), historic production data and structural mapping. NAE mobilized a Phase 1 RC drill program in early 2025, designed to test structurally hosted vein systems within both brittle and ductile deformation zones. This work confirmed the presence of gold and antimony mineralization in several targets, though results are still under review. Access to some targets is subject to Department of Conservation approvals, which the company is pursuing concurrently. A Phase 2 drill campaign is planned for Q1/2026, pending access approvals and final interpretation of current results.

Otago Pioneer Quartz Project

Overview of prospects locations within the OPQ Gold Exploration Project.

The Otago Pioneer Quartz (OPQ) project is in Central Otago within the historic Gabriel’s Gully gold district, the epicenter of the 1860s Otago gold rush. The project lies within the same regional schist belt that hosts OceanaGold’s Macraes operation. NAE acquired the OPQ tenement to secure additional exposure to high-grade shear-hosted and orogenic gold systems in the Otago region. The area is characterized by low-sulphide gold quartz veins associated with greenschist facies metamorphic rocks and late-stage brittle faulting.

While still early-stage, the company has conducted preliminary soil sampling and mapping across the tenement to delineate mineralized structures. Historical records suggest significant past production from alluvial and hard-rock sources, though modern exploration has been minimal. Given its proximity to known gold-bearing shear zones and favourable host rocks, OPQ remains a high-priority, low-cost exploration asset for future campaigns.

Going forward, NAE intends to conduct detailed geochemical and structural mapping, followed by scout drilling at known historical workings. The project remains a capital-light optionality play with future drill programs dependent on results from Lammerlaw and Wagyu.

Management Team

Alan Broome – Chairman

Alan Broome is a highly respected figure in the Australian mining industry with more than 40 years of experience across mining, metals and mining technology. A metallurgist by training, Broome has served as chairman and director of numerous ASX-listed and private companies, contributing to significant exploration and development successes. His leadership brings deep strategic insight and a proven track record in guiding discovery-stage companies through to project advancement.

Joshua Wellisch – Executive Director

A capital markets executive with deep ASX and venture experience, Joshua Wellisch leads strategic and operational execution for NAE’s projects. Wellisch is also currently a director of NRG Capital, specialising in capital raisings, corporate structuring and the facilitation of ASX listings and was formerly managing director of Kairos Minerals Limited.

Peter Thompson – Chief Geologist

Appointed in 2025, Peter Thompson brings 35+ years of exploration leadership including stints at Western Mining, Anaconda Nickel, and as CEO of St Barbara. He led redevelopment of Beaconsfield Gold Mine, spearheaded the acquisition, listing and development of the Karlawinda gold deposit and was instrumental in the discovery and advancement of large volcanogenic massive sulphide deposits in Mongolia.

James Pope – Consulting Geologist (NZ)

James Pope is a highly experienced minerals sector professional with nearly 30 years in exploration, consulting and research across a broad range of commodities including gold, PGE, diamonds, base metals, coal and coal seam gas. He currently leads Strata Geoscience, a specialised geoscience consultancy based in Christchurch, New Zealand. Throughout his career, Pope has progressed from hands-on geological mapping and drill site supervision to leading multidisciplinary teams of up to 50 professionals delivering exploration, resource assessment, engineering and environmental services.

Kerry Gordon – Consulting Geologist (NZ)

Kerry Gordon is a seasoned minerals sector professional with nearly 25 years of experience spanning exploration, resource development and operations. He is currently a principal at Strata Geoscience, and has worked across New Zealand, Australia, Papua New Guinea, Vietnam and Mongolia on projects involving gold, critical metals (antimony, tungsten), coal, coal seam gas, and conventional petroleum. Gordon is an expert at managing exploration programs in remote and technically demanding environments, with a strong focus on field-based geological techniques, complex drilling and downhole logging operations, and logistical coordination.

This post appeared first on investingnews.com

 

  

 

   

 

  

 

  About finlay minerals ltd.  

 

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100% owned properties in northern British Columbia : the PIL and ATTY properties in the Toodoggone (13,374 hectares (‘ha’)), the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag & the JJB Cu Properties (41,655 ha) in the Bear Lake Corridor. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

 

The PIL and ATTY Properties are fully and sole funded by Freeport-McMoRan through 6-year Earn-In Agreements; the JJB, SAY and Silver Hope 2025 exploration programs are fully funded by Finlay.

 

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com  

 

  On behalf of the Board of Directors,  

 

  Robert F. Brown , P. Eng.
President, Executive Chairman of the Board & Director

 

  Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.  

 

   Forward-Looking Information:    This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, corporate plans. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.  

 

SOURCE finlay minerals ltd. 

 

 

 

  View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/07/c0723.html  

 

 

 

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com