Locksley Resources (LKY:AU) has announced 400% Increase in Antimony Target Strike Length
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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announces a major advancement at its Mojave Project in California. Recent structural mapping has dramatically expanded the target mineralised corridor at the Desert Antimony Mine (DAM) Prospect and identified a parallel structural target, enhancing the potential for a larger mineralised system across multiple mineralised zones. This expanded target has the potential to strengthen Mojave’s position as a strategic U.S. critical minerals hub, aligned with accelerating domestic supply-chain initiatives.
Highlights
– Structural mapping expands target mineralised corridor at Desert Antimony Mine (DAM) fourfold to 1.2 km, dramatically increasing the exploration target footprint and scale potential
– New parallel structural target zone identified 150m west of the main DAM structure, indicating the potential for a multi-zone system
– Updated 3D geological model defines seven priority follow up surface sampling targets, supporting imminent exploration targeting and JORC Exploration Target work
– Regional mapping identifies lamprophyre dykes, highlighting potential for additional critical mineral occurrences including carbonatites
– Mojave emerging as a district-scale critical minerals hub, strategically aligned with accelerating U.S. onshoring policies
– Third phase structural mapping program to commence late November to continue building geological understanding of the project and identify new targets
– High-grade silver assays up to 216 g/t Ag returned from Hendricks Prospect, alongside anomalous Zn, Pb, and Cu, indicating a broader polymetallic system
The structural geology mapping completed in late August/September 2025 at the Mojave Project has expanded the strike extent of the target structure at the Desert Antimony Mine (DAM) Prospect from 0.3 km to 1.2 km, representing a ~400% increase and highlighting the potential of the system. Mapping confirmed the continuity of the NNE-striking structural zone that hosts high-grade stibnite mineralisation at DAM, and identified a second, parallel shear zone, approximately 150 m to the west, exhibiting similar alteration and structural characteristics.
The updated geological interpretation also highlights steep north-plunging intersections between the mapped shear zones and folded host rocks as possible mineralisation plunge controls. Collectively, these findings have been incorporated into a new 3D geological model, which has defined seven priority surface sampling targets to guide the next phase of exploration and support the development of a JORC Exploration Target to guide future drilling programs.
The scale and geometry of these target zones align with the type of high-grade, clean stibnite feedstock required to fast-track U.S. antimony supply chains under programs such as DPA Title III and DOE ARPA-E. The program, undertaken by a specialist structural geologist, delivered five key outcomes:
– Significant expansion of geological mapping to the northeast and southwest of the DAM Prospect, extending the target horizon to 1.2 km of strike and materially increasing the scale potential of the mineralised system.
– Completion of new geological maps for the Hendricks Prospect (2.5km south east of DAM) and the Junipero Prospect (1.1km north of the Mountain Pass Mine).
– Identification of multiple lamprophyre dykes across all areas mapped suggest the presence of deepseated mantle tapping structures.
– Updated 3D geological models across the claim package, providing enhanced structural understanding and supporting refined exploration targeting
– Definition of 18 priority target areas for follow-up detailed mapping and intensive sampling programs to further assess mineralisation potential (to commence in October).
Desert Antimony Mine (DAM)
Mapping at DAM focussed on extending to the NE and SW from the previous mapping campaign, resulting in a comprehensive geological map now covering ~1.8km of strike and the development of an updated 3D geological model (Figure 1*). This work has significantly enhanced the understanding of the structural framework and potential controls to mineralisation. Key highlights from mapping and modelling in this area include:
– Confirmation of continuity of the structural zone (which is host to the mineralisation at DAM) for approximately 400m NNE from the existing adits.
– Identification of a second parallel structural zone located approximately 150m west of the main mineralised trend, exhibiting a comparable alteration signature and kinematics to that seen at DAM.
– Extension of the target mineralisation corridor to ~1.2km (previously ~0.3km) representing a ~400% increase in strike length.
– Improved understanding of mineralisation controls, particularly the role of steep north plunging intersections between mapped shears and folded host rocks.
– Definition of seven priority areas for detailed follow up sampling and mapping to refine exploration targeting.
– Enhanced structural interpretation, revealing clear associations between E-W trending stratigraphy and regional fold hinges and NNE striking shear zones, critical for targeting additional mineralised zones.
– Completion of an updated 3D solid geology model, providing a robust foundation for refined drill planning, target prioritisation and the potential definition of a JORC Exploration Target (Figure 1*).
Hendricks Prospect
First pass mapping was undertaken at the Hendricks Prospect (Figure 1*). The area was selected as a priority target area for mapping due to rock chips previously collected by Locksley being elevated in REE.
A significant finding from the mapping was the identification of a substantial shaft and associated workings not previously known by the Company. Initial grab sampling has returned high-grade silver assays of 216g/t Ag with anomalous lead (0.3% Pb), Zinc (0.9%Zn) and Copper (0.1%).
Highlights from mapping and modelling in this area include:
– The overall structural architecture across the Hendricks prospect area shares many similarities with that surrounding the Desert Antimony Mine (DAM).
– Presence of multiple NNE striking shears throughout the mapping area which mirror the orientation of the mineralisation seen at DAM, demonstrating a regional structural consistency and potential for additional zones of mineralisation.
– Highly weathered and altered ENE to ESE striking shear zones with potential to host mineralisation
– Elevated scintillometer readings acquired from on syenogranite dykes, indicating potential for REE mineralisation.
– Multiple prospecting pits/costeans throughout the area proximal to the Hendricks Shaft targeting discrete NNE striking shear zones.
– Definition of 11 priority areas for detailed follow up sampling and mapping.
– A 3D solid geology model of Hendricks Prospect is underway and will be used for 3D target generation and drill program planning.
Mapping completed at the Hendricks Prospect Area has confirmed that target zones of interest continue to the south and will form part of the priority follow up mapping scheduled for late November 2025.
Junipero Prospect
First pass mapping was completed at the Junipero Prospect located just 1.1km north of the Mountain Pass Mine pit crest. The area was targeted due to a gravity high anomaly, the proximity to Mountain Pass and the potential for carbonatites to be found in the area. Highlights from mapping and modelling in this area include:
– Identification of multiple E-W trending lamprophyre dykes across the mapping area indicating deep seated mantle tapping structures highlighting the potential for REE hosting carbonatites throughout the area which could exploit the same pathways.
– Abundant felsic rocks (Tonalites, Syenogranites) providing potential sources of REE when assimilated with carbonatite magmas from the mantle.
– Collection of samples for multielement analysis and whole rock classification.
– A 3D solid geology model of Junipero Prospect has been completed and forms part of the DAM 3D geological model (Figure 1*) and will be used for ongoing 3D target generation and future activity.
Locksley Resources CEO Kerrie Matthews commented:
‘Our second structural mapping program at the Mojave Project has markedly advanced our geological understanding and confirmed the substantial exploration potential of this critical district. The fourfold expansion of the Desert Antimony Mine (DAM) target horizon has fundamentally changed the scale of the opportunity, demonstrating the potential for a much larger mineralised system. This success, coupled with high-grade silver confirmed at Hendricks and the identification of multiple regional shear zones, has effectively lit up the entire Mojave Project for polymetallic vein discoveries. These outstanding results strongly validate our rapid exploration and development strategy, aligning perfectly with the accelerating U.S. government focus on securing domestic critical mineral supply chains.’
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/7WY0FHM0
About Locksley Resources Limited:
Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.
Mojave Project
Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.
In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.
Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.
Tottenham Project
Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation
Source:
Locksley Resources Limited
Contact:
Locksley Resources Limited
T: +61 8 9481 0389
E: info@locksleyresources.com.au
News Provided by ABN Newswire via QuoteMedia
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PHOENIX — Phoenix Mercury forward Satou Sabally left Game 3 of the WNBA Finals with an apparent head injury on Wednesday night at Mortgage Matchup Center.
Sabally, who scored 24 points, left the game with 4:25 remaining in the fourth quarter. The Mercury forward went up for a shot and made contact with Las Vegas Aces guard Jackie Young. When Sabally came down from her elevation while simultaneously trying to grab an offensive rebound, she got tangled up with Young and fell to the ground. As she was falling, she made contact with Aces forward Kierstan Bell’s knee. Young was called for a loose-ball foul.
The foul was reviewed for a possible upgrade, but the call on the floor was upheld. Sabally stayed down for several minutes before rising to her feet and going down again. Sabally was on the ground for several more seconds before standing up again and walking to the tunnel with assistance. She did not return to the game, which the Mercury lost 90-88 to the Aces to go down 3-0 in the best-of-seven series.
Mercury coach Nate Tibbets said in his postgame press conference that he went to the locker room postgame, but Sabally was not there. He didn’t have an update on the injury or her status for Game 4 on Friday.
“I would guess she got hit in the face or the head,’ Tibbets said later.
It’s unclear if Sabally will be able to play Friday. If she did suffer a head injury, she would likely enter the league’s concussion protocol, which requires multiple steps before participating in basketball activities. The gradual return to those activities can not begin until at least 24 hours after the concussion, there are no symptoms when the athlete is at rest and the player has been evaluated and cleared by a doctor, according to the policy.
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- Coach Bill Belichick has led North Carolina football to a disappointing 2-3 start in his first season.
- Both Belichick and the university’s athletic director have publicly expressed their commitment to the program’s direction.
- A planned ‘Hard Knocks’-style docuseries about the team on Hulu was reportedly scrapped.
North Carolina football has been quite disappointing in 2025, as coach Bill Belichick has led the program to a 2-3 start so far with blowout losses in each of its matchups with Power Four opponents.
With speculation stirring about Belichick’s future given his inexperience at the college level paired with a very disappointing start to his first season with the program, Belichick and North Carolina athletic director Bubba Cunningham both expressed their confidence in the direction of the program on Wednesday, Oct. 8.
‘I’m fully committed to UNC Football and the program we’re building here,’ Belichick said in a post from North Carolina on X, formerly known as Twitter.
Bubba Cunningham added: ‘Coach Belichick has the full support of the Department of Athletics and University.’
North Carolina’s program was set for a ‘Hard Knocks’-style docuseries on Hulu, but it was scrapped recently, according to multiple reports. North Carolina was previously set to be the program covered on HBO’s ‘Hard Knocks,’ which also fell through due to reportedly a myriad of different reasons, including the apparent role of Belichick’s girlfriend, 24-year-old Jordon Hudson.
North Carolina is coming off a 38-10 loss to Clemson, which led 28-3 after the first quarter. Power Four opponents have outscored the Tar Heels 120-33 this season.
North Carolina is set to travel to Cal for its first ACC road game on Oct. 17 after its bye week, with more controversy certain to follow the contentious coach throughout the year.
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Platinum is the third most traded precious metal in the world after gold and silver, and investment demand is growing.
It is also an industrial metal that is widely used in a variety of sectors. The four main uses of platinum are in catalytic converters for the automotive industry; as a material in jewelry; in industrial applications in various sectors including fertilizers, hard drives, electronics, and glass manufacturing; and in medical devices and pharmaceuticals.
The long-term outlook for platinum is strong, making the sector potentially compelling for investors. In September 2025, platinum prices surged above US$1,500 for the first time since July 2014, and crossed US$1,600 before the month closed.
Here’s a brief overview of platinum supply and demand dynamics, as well as a look at a few different ways to start investing in platinum, namely bullion, platinum stocks, exchange-traded funds (ETFs) and futures.
In this article
What is platinum?
Platinum is a silvery-white precious metal that is soft and ductile. It is highly prized for its durability and excellent catalytic properties, such as a high melting point, resistance to corrosion and simple acids, and ability to serve as a carbon monoxide oxidation catalyst. Platinum’s symbol on the periodic table of elements is Pt.
Platinum is the most abundant and widely used of the platinum-group metals (PGMs), which also includes palladium, rhodium, iridium and other metals.
Platinum is not typically mined on its own, but rather alongside palladium and other PGMs within nickel and copper ores or chromitite.
Platinum demand trends
Platinum’s diversity of applications helps to create a resilient market for this metal even in an economic downturn. The four biggest demand sectors for platinum are automotive at 39 percent, jewelry at 28 percent, industrial at 24 percent and investment at 9 percent.
Total platinum demand for 2025 is expected to come in at 7.88 million ounces, down about 4 percent from the previous year’s demand, according to the World Platinum Investment Council (WPIC), which provides quarterly market overviews.
‘An upgrade to jewellery demand expectations and continued robust investment demand, driven by strength in bar and coin in China, are offset by slightly weaker automotive demand and a cyclical trough in glass demand within the industrial segment,’ the WPIC noted in its Q2 2025 report.
Automotive
In the automotive industry, both platinum and fellow PGM palladium are used in catalytic converters for vehicle exhaust systems. Due to their differing properties, platinum is preferred for diesel engines and palladium is the metal of choice for gasoline engines.
In recent years, platinum has been increasingly substituted for palladium in gas-powered vehicles due to high prices for palladium seen in the early 2020s. Although the price disparity has decreased, analysts expect that the substitution trend will continue for some time.
Demand from this sector is expected to decline by 3 percent year-on-year in 2025 to 3.03 million ounces as global auto sales and production are in decline, especially in Europe, according to the WPIC.
Another important factor impacting this segment of the market is the growing market for electric vehicle (EVs), which do not require catalytic converters to control emissions. Although EV demand growth has been slower than anticipated, which has proven positive for platinum, EVs made up over 20 percent of global new car sales in 2024.
The transition to electric and US tariffs affecting the industry are weighing on platinum demand from the auto sector, but the WPIC says this segment of the market is ‘proving resillient’ despite these downward forces.
Industrial
Demand from the industrial sector is expected to be the largest drag on overall platinum demand in 2025, with the WPIC predicting it will drop by 22 percent in 2025 to 1.49 million ounces. WPIC predicts that a cyclical slowdown in new capacity in glass manufacturing will cause a 74 percent year-over-year reduction in demand from this segment of the industrial sector, translating to a drop of 515,000 ounces.
Jewelry
Global jewelry consumption is projected to grow by 11 percent in 2025 to reach 2.23 million ounces. Regionally, demand growth is centered in China as platinum becomes a much more affordable option compared to gold. Chinese platinum jewelry fabrication is expected to grow by 42 percent in 2025.
Investment
Regarding investment demand for platinum, in 2025 WPIC expects a 2 percent jump over the previous year to 718,000 ounces of the metal. Specifically looking at platinum bars and coins, the WPIC is forecasting demand in this segment to grow by 45 percent year-on-year to a two-year high of 282,000 ounces.
Hydrogen
In recent years, the transition to a green economy and the growth of hydrogen technologies has created another growing market for platinum. The WPIC has noted that the hydrogen market, specifically proton exchange membrane electrolyzers and hydrogen fuel-cell electric vehicles, is expected to become ‘a meaningful component of global demand by 2030 and potentially the largest segment by 2040.’
For now, the hydrogen sector represents less than 1 percent of total platinum demand, although it is expected to increase by 19 percent this year to 49,000 ounces.
Platinum supply trends
The 22 percent decline year-over-year in platinum demand has not alleviated the ongoing supply-demand imbalance. The platinum market is destined to remain in a supply deficit for a third-straight year in 2025, according to WPIC estimates, with a shortfall of 850,000 ounces of the metal.
Analysts are forecasting total platinum supply of 7.03 million ounces in 2025, a net decrease of 3 percent year-over-year.
Recycled platinum supply is anticipated to reach 1.6 million ounces in 2025, a 6 percent jump year-over-year, as higher platinum prices incentivizing recycling of the metal.
On the other hand, mined platinum supply is expected to fall 6 percent to 5.43 million ounces in 2025, which the WPIC attributed to lower production out of South Africa, Zimbabwe and North America.
South Africa is by far the largest platinum country in terms of mined platinum and reserves, according to the US Geological Survey data, accounting for about 67 percent of global output. The country’s Bushveld Complex is the largest PGM resource in the world. However, ongoing electricity shortages and transport line disruptions have restrained platinum mine output from the country in recent years.
How to invest in platinum
Investors who believe the above market dynamics will eventually result in a higher platinum price may be interested in investing in the metal. There are several ways to invest in platinum, from platinum mining stocks and platinum ETFs to physical bars and coins and platinum futures.
Platinum stocks
One way to invest in platinum is to own shares of a platinum-mining company. Depending on your risk tolerance, both major platinum miners, junior exploration companies offer an easy entry point.
Major platinum mining stocks
Eastern Platinum (TSX:ELR,OTC Pink:ELRFF)
Eastern Platinum, or Eastplats, has a number of directly and indirectly owned PGM assets in the Bushveld Complex of South Africa. In addition to its ongoing work recovering chrome from historical tailings at the Crocodile River mine, Eastplats is ramping up production of PGM and chrome concentrates at Crocodile River’s new Zandfontein underground mine last year.
Impala Platinum Holdings (OTCQX:IMPUF,JSE:IMP)
Impala Platinum, or Implats, is one of the most prominent platinum producers in the world. The company has majority ownership or joint ventures in four PGM mining operations and a refining facility in South Africa’s Bushveld Complex, two PGM mining operations in Zimbabwe and the Lac des Iles PGM mine in Ontario, Canada.
Sibanye Stillwater (NYSE:SBSW)
Sibanye Stillwater has a diverse metals mining portfolio and is one of the world’s largest primary platinum and palladium producers. It also adopted a circular economy business model that includes platinum recycling. The company has numerous PGM operations in South Africa and the United States. Its US Stillwater and East Boulder operations are in Montana’s Stillwater Complex, the country’s largest source of PGMs.
Tharisa (LSE:THS,JSE:THA,OTC Pink:TIHRF)
Tharisa is a vertically integrated PGM company, and through its subsidiaries its operations span from exploration through to production, beneficiation and distribution. Tharisa’s PGM assets include the Tharisa platinum-chrome mine in South Africa’s Bushveld Complex and the Karo platinum mine in Zimbabwe, which is now under construction.
Valterra Platinum (LSE:VALT,JSE:VAL,OTC Pink:ANGPY)
Valterra Platinum, formerly Amplats, is a leading primary producer of PGMs, supplying mined and recycled platinum products. The company was demerged from Anglo American (LSE:AAL,OTC Pink:AAUKF) in 2025. The company operates the Mogalakwena mine, Amandelbult complex and Mototolo mine in South Africa’s Bushveld Complex.
Junior mining stocks
Bravo Mining (TSXV:BRVO,OTCQX:BRVMF)
Bravo Mining is advancing its wholly owned Luanga PGM-gold-nickel project in the Carajás Mineral Province of Brazil. The project’s 2025 mineral resource estimate shows measured and indicated resources of 10.4 million ounces of palladium equivalent at 2.04 grams per metric ton (g/t).
Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF)
Canada Nickel Company is advancing its wholly owned flagship Crawford nickel-cobalt sulfide project located in the Timmins-Cochrane mining camp of Ontario, Canada. The project also hosts significant platinum and palladium mineralized zones.
Canada North Resources (TSXV:CNRI,OTCQX:CNRSF)
Canada North Resources wholly owns the late-stage Ferguson Lake exploration project in the Kivalliq Region of Nunavut, Canada. The polymetallic project hosts base metals nickel, copper and cobalt as well as PGMs, including 630,000 ounces of platinum and 3.53 million ounces of palladium in the indicated category.
Chalice Mining (ASX:CHN)
Chalice Mining owns the Gonneville project in Western Australia. The project hosts a mix of metals, including palladium, platinum, nickel, cobalt and copper. The Western Australia government has designated Gonneville a Strategic Project in recognition of the project’s importance for the country’s critical metals industry, and Chalice expects to complete its pre-feasibility study in Q4 2025.
Clean Air Metals (TSXV:AIR,OTCQB:CLRMF)
Clean Air Metals is focused on its wholly owned exploration-stage Thunder Bay North critical minerals project in the Thunder Bay region of Ontario, Canada. The project hosts platinum, palladium, copper and niobium mineralization, with an indicated resource of 1.2 million ounces of combined platinum and palladium.
Lifezone Metals (NYSE:LZM)
Lifezone Metals has developed a hydrometallurgical processing technology, which it calls Hydromet Technology, as a cleaner alternative to smelting for base and precious metals refining. The company has a joint venture partnership agreement with Glencore (LSE:GLEN); Lifezone will use its Hydromet Technology to recycle platinum, palladium and rhodium in the Un, and Glencore will act as the offtaker and marketer. Lifezone also owns the Kabanga nickel-copper-cobalt project in Tanzania.
Platinum Group Metals (TSX:PTM,NYSE:PLG)
Platinum Group Metals is working to bring into production its advanced-stage Waterberg PGM deposit in South Africa’s Bushveld Complex. First discovered by the company, the project is now a joint venture with key partners that include Implats at 14.86 percent. Platinum Group retains a 50.16 percent position in Waterberg and will be the majority operator.
Ramp Metals (TSXV:RAMP)
Ramp Metals owns the Rottenstone SW and PLD projects in Saskatchewan, Canada. Rottenstone is situated adjacent to a northeast-southwest geological formation connected to the historic Rottenstone mine, which produced nickel, PGMs and gold, although Ramp is currently focused on gold and copper at the site.
Platinum bars and coins
Another investment option is the direct purchase of physical platinum bars or platinum coins through a bullion dealer.
One example is BullionVault’s online physical platinum market, which is supported by the WPIC, and gives private individuals access to vaulted platinum for the same prices currently paid by institutional investors. The market is open 24 hours a day, seven days a week.
Investors in the United States can also now buy 1 ounce platinum bars and coins at Costco, an option you can learn more about here.
For more information on how to invest in precious metals coins and bullion, check out our guide on buying physical gold, as much of the advice also applies to physical platinum investing.
Platinum ETFs
Those interested in platinum can also gain exposure via platinum ETFs and platinum exchange-traded notes (ETNs). Here are a few to get you started.
iShares MSCI Global Metals & Mining Producers ETF (NYSE:PICK)
The iShares MSCI Global Metals & Mining Producers ETF provides investors with access to the global mining industry through an international basket of companies engaged in the extraction and production of metals, including platinum. Its holdings include platinum mining companies Valterra Platinum, Implats and Sibanye Stillwater. It has the lowest expense ratio on this list at 0.39 percent.
Aberdeen Physical Platinum Shares ETF Trust (ARCA:PPLT)
The Aberdeen Physical Platinum Shares ETF is designed to reflect the performance of the price of physical platinum less the trust’s expenses and holds platinum bars in a secure vault. It has an expense ratio of 0.6 percent.
Sprott Physical Platinum and Palladium Trust Unit (ARCA:SPPP)
The Sprott Physical Platinum and Palladium Trust is another option that provides access to the physical platinum bullion market while allowing the flexibility of an exchange-traded security. It has the highest expense ratio on this list at 0.98 percent.
GraniteShares Platinum Shares (ARCA:PLTM)
The GraniteShares Platinum Trust tracks the spot price of platinum less trust expenses, and holds a physical portfolio of platinum ingots kept in a vault in London, UK. It has an expense ratio of 0.5 percent.
Global X Physical Platinum Structured (ASX:ETPMPT)
Global X Physical Platinum is an ASX-listed platinum ETF that provides Australian investors access to platinum held in JP Morgan storage facilities. It has a management fee of 0.49 percent.
Platinum futures
Another option for those looking to invest in platinum is platinum futures, a derivative instrument tied directly to the price of the actual metal. Futures are a financial contract between an investor and a seller. The investor agrees to purchase an asset from the seller at an agreed-upon price based on a date set in the future.
Rather than intending to take possession of the material asset, investors speculating in the futures market are instead making bets on whether the price of a particular commodity will rise or fall in the near future.
For example, if you buy a platinum futures contract believing the price of metal is set to rise, and your prediction proves correct, you could gain a return on your investment by selling the now more valuable futures contract before it expires. However, be advised that trading futures contracts is not for the novice investor.
Platinum futures are available for trade on the New York Mercantile Exchange (NYMEX), which is part of the CME Group. For more information on precious metals futures investing, see our guides to gold futures and silver futures.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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Vladimir Guerrero Jr. and the Toronto Blue Jays celebrated in the visiting locker room after a 5-2 victory over the New York Yankees on Wednesday, Oct. 8.
The Blue Jays are moving on to the American League Championship Series after winning the ALDS 3-1.
The Canadian-Dominican player joined Fox Sports’ MLB postgame show while the team was still in the locker room. His teammates were pouring beer on his head as he mocked longtime Yankees radio broadcaster John Sterling’s signature sign-off.
‘DAAAAAA YANKEES LOSE!’ Guerrero said.
Former Red Sox standout David Ortiz — who’s busted out the phrase several times before — joined in on the mocking of New York and asked Guerrero to do it again.
Yankees legends Alex Rodriguez and Derek Jeter were seated next to Ortiz and shown on camera, a slight smile on their faces — while clearly still disappointed in their former team’s elimination.
Vladimir Guerrero Jr. stats vs. Yankees
- At-bats: 13
- AVG: .615
- HR: 3
- RBI: 8
- BB: 1
- OPS: 1.908
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The Cleveland Browns remain the most active NFL team on the trade market.
The Browns have agreed to trade CB Greg Newsome II to the Jacksonville Jaguars for CB Tyson Campbell, according to multiple reports. The two sides have also agreed to exchange draft picks as part of the deal. Jacksonville gets a 2026 sixth-round pick and Cleveland gets a 2026 seventh, according to multiple reports.
It’s the second trade in as many days for the Browns, who shipped Joe Flacco to the Cincinnati Bengals on Tuesday, Oct. 7.
However, this time, Cleveland gets a player and picks in return.
Newsome had been a name rumored to watch as the 2025 NFL trade deadline approaches and the former No. 26 overall pick in the 2021 NFL Draft is officially on the move. He joins a Jaguars team that just defeated the Chiefs on ‘Monday Night Football’ to improve to 4-1 on the season.
In 59 career games, Newsome has accounted for 178 total tackles, one sack, three interceptions, a defensive touchdown and 37 defended passes.
On his way to Cleveland is Campbell, a former second-round pick in the 2021 NFL Draft. He has played in 60 career games and recorded 297 tackles, three forced fumbles, two fumble recoveries, six interceptions and 42 defended passes.
The trade between the two franchises comes about six months after the Browns sent the No. 2 pick in the 2025 NFL Draft to the Jaguars, who then selected cornerback and wide receiver Travis Hunter.
Jaguars, Browns trade details
Jaguars receive:
- Greg Newsome II
- 2026 sixth-round pick
Browns receive:
- Tyson Campbell
- 2026 seventh-round pick
Browns CB depth chart
- Denzel Ward
- Tyson Campbell
- Myles Harden
- Jarrick Bernard-Converse
Jaguars CB depth chart
- Jourdan Lewis
- Greg Newsome II
- Jarrian Jones
- Travis Hunter
- Montaric Brown
- Christian Braswell
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PHOENIX — The Phoenix Mercury were on the verge of another double-digit comeback victory in the fourth quarter of Game 3 of the WNBA Finals.
Then Las Vegas Aces center A’ja Wilson did what Wilson does best.
The Aces led by 17 points entering the fourth quarter before the Mercury tied it at 88 all with 5.0 seconds remaining. Then Wilson showed exactly why she’s the four-time MVP by knocking down a go-ahead jumper over the Mercury’s Alyssa Thomas and DeWanna Bonner to reclaim the lead.
‘I just needed a bucket to go in,’ Wilson said postgame. ‘I didn’t really see who was in front of me. I didn’t care. This is the Finals, you’ve got to make shots.’
The No. 2 seed Aces are up 3-0 in the best-of-seven WNBA Finals following the 90-88 victory on Wednesday at Mortgage Matchup Center in Phoenix. The Aces are one win from securing their third WNBA championship in four years and have a chance to close out the series on Friday in Game 4 in Phoenix.
Wilson finished with a game-high 34 points, 14 rebounds and four assists. Jackie Young added 21 points and nine assists and Jewell Loyd had 16 points and seven rebounds off the bench.
The Mercury were led by DeWanna Bonner’s 25 points off the bench. She had a chance at a catch and shoot as time expired which would have sent the game to overtime but it rimmed out. Satou Sabally had 24 points before exiting the game in the fourth quarter with an apparent head injury. Alyssa Thomas has 12 points, 14 rebounds and nine assists.
GAME 2: Las Vegas Aces take 2-0 lead in WNBA Finals with Game 2 rout of Phoenix Mercury
Here’s what you need to know for Game 3 of the WNBA Finals:
Satou Sabally exits with apparent head injury
Satou Sabally exited the game in the fourth quarter after her head collided with Kierstan Bell’s knee. Sabally missed a layup attempt with 4:25 remaining in the contest. As she went up for an offensive rebound, Sabally’s arm got wrapped up by Aces guard Jackie Young, causing her to fall and collide with Bell’s knee on the way down. Young was called for a loose ball foul. Sabally exited with a team-high 24 points and five rebounds.
End of Q3: Aces 76, Mercury 59
A’ja Wilson continues to do A’ja Wilson things. The Aces center has a game-high 28 points and 12 rebounds through three quarters, becoming the first player in WNBA Finals history to record three consecutive games with 25 or more points and 10 rebounds.
Aces guard Jackie Young is closing in on a double-double with 15 points and nine assists.
The turnovers are piling up for the Mercury. Phoenix is up 11 turnovers (four in the third quarter), leading to 16 points for the Aces. The Mercury have also left a lot of points at the free throw line, shooting 66.7% (12-of-18), the Mercury’s worst free throw performance this postseason.
Mercury forward Satou Sabally has 19 points and five rebounds. DeWanna Bonner has 16 points and six rebounds. Alyssa Thomas is closing in on a triple-double with 13 points, 10 rebounds and seven assists, but Thomas picked up her fourth personal foul with 2:13 remaining in the third quarter.
Mercury guard Kahleah Copper has struggled to get going offensively in Game 3, shooting 3-of-10 from the field and 0-of-3 from the 3-point line.
Halftime: Aces 55, Mercury 43
The Aces outscored the Mercury 29-20 in the second quarter to take a 12-point lead into halftime, marking the largest halftime lead by either team in the WNBA Finals.
The Aces are getting it done by committee with 17 assists on 19 field goals in the first half. A’ja Wilson has a game-high 17 points, seven rebounds and three assists, while Jackie Young is up to 11 points and eight assists.
Satou Sabally has a team-high 15 points for the Mercury, while Alyssa Thomas added 11 points, six rebounds and and five assists. However, the Mercury were forced into seven first-half turnovers which led to 11 points.
“We’re getting deflections. We’re making their looks very, very hard. We’ve just got to contain ourselves without fouling,” Wilson said of her team’s defensive effort in the first half. “This is the Finals and I’m trying to win a championship. If they say defense wins championship, then I’m all aboard.”
Both team’s benches have been a big storyline in the WNBA Finals and the Aces’ bench once again has the edge over Phoenix, outscoring the Mercury’s bench 18-10 so far. Jewell Loyd has 12 points off the bench, all scored in the first quarter from the 3-point line. Loyd is the first player in WNBA Finals history to score four 3s in the first quarter.
DeWanna Bonner has given the Mercury productive minutes off the bench with 10 points and six rebounds in 13 minutes. Sami Whitcomb is still looking to get on the board and shot 0-of-3 from the 3-point line.
The Aces are shooting a staggering 56.3% (9-of-16) from the 3-point line. The Mercury is 3-of-10 from beyond the arc.
End of Q1: Aces 26, Mercury 23
The Aces led by as many as 13 points in the first quarter before the Mercury went on a 13-0 run to tie it up. Las Vegas has a three-point advantage heading into the second quarter.
Aces guard Jewell Loyd was shooting lights out in the first quarter, dropping 12 points in seven minutes off the bench, shooting 4-of-5 from the 3-point line. A’ja Wilson added 10 points and five rebounds.
Mercury forward Satou Sabally leads all scorers with 13 points, shooting 5-of-7 including a 3-pointer. DeWanna Bonner added five points and three rebounds off the bench while taking on the tall task of guarding A’ja Wilson.
Mercury head coach called for technical foul
Mercury head coach Nate Tibbetts was called for a technical foul with 53.3 seconds remaining in the first quarter after DeWanna Bonner was called for a foul on Aces center A’ja Wilson. Both Bonner and Tibbetts argued with the official after the call, resulting in Tibbetts getting T’d up. Wilson hit both free throws to put the Aces ahead 24-21.
Las Vegas builds early lead
We’re underway at Mortgage Matchup Center and the Aces have a 15-8 lead with 5:10 remaining in the first quarter.
Aces center A’ja Wilson has a team-high seven points and four rebounds. Jewell Loyd added an instant punch of the bench, knocking down back-to-back 3-pointers. She’s up to six points in two minutes off the bench.
Satou Sabally leads the Mercury with five points, shooting 2-of-3 from the field including a 3-pointer. Alyssa Thomas added three points and one rebound.
What time is Mercury vs. Aces Game 3?
Game 3 of the WNBA Finals between the No. 2 seed Las Vegas Aces and No. 4 seed Phoenix Mercury is scheduled to tipoff at 8 p.m. ET on Wednesday, Oct. 8, at Mortgage Matchup Center in Phoenix.
Where to watch WNBA Finals: TV, streaming for Game 3
- Date: Wednesday, Oct. 8
- Time: 8 p.m. ET (5 p.m. PT)
- Location: Mortgage Matchup Center (Phoenix)
- TV: ESPN
- Stream: Fubo, ESPN Unlimited
WNBA starting lineups today
Here are the starting lineups for Game 3 of the WNBA Finals:
Las Vegas Aces starting lineup
Head coach: Becky Hammon
- 0 Jackie Young | G 6′ 0′ – Notre Dame
- 1 Kierstan Bell | F 6′ 1′ – Florida Gulf Coast
- 3 NaLyssa Smith | F 6′ 4′ – Baylor
- 12 Chelsea Gray | G 5′ 11′ – Duke
- 22 A’ja Wilson | C 6′ 5′ – South Carolina
Phoenix Mercury starting lineup
Head coach: Nate Tibbetts
- 0 Satou Sabally | F 6′ 4′ – Oregon
- 2 Kahleah Copper | G 6′ 1′ – Rutgers
- 4 Natasha Mack | C 6′ 4′ – Oklahoma State
- 8 Monique Akoa Makani | G 5′ 11′ – Cameroon
- 25 Alyssa Thomas | F 6′ 2′ – Maryland
Phoenix Mercury injury report
The Mercury will have all players available for Game 3 of the WNBA Finals.
Las Vegas Aces roster
Las Vegas Aces center A’ja Wilson stats
Wilson averaged a league-leading 23.4 points, 10.2 rebounds, 3.1 assists (ties her career-high), a league-leading 2.3 blocks and 1.6 steals in 40 games this season. Wilson averaged 29.3 points, 8.7 rebounds and 3.3 assists in the Aces’ first-round playoff series against the Seattle Storm, including a 38-point performance in Game 3, tying her playoff career high. Wilson averaged 18.2 points, 9.4 rebounds and 2.8 steals in the Aces’ five-game semifinal series against the Indiana Fever, including a 35-point performance in the Aces’ decisive Game 5 overtime win. Wilson had 28 points and 14 rebounds in the Aces’ Game 2 win on Sunday.
Phoenix Mercury roster
Phoenix Mercury forward Alyssa Thomas stats
Thomas averaged 15.4 points, a league-leading 9.2 assists and 7.2 rebounds in 39 games (all starts) this season. The 33-year-old recorded eight triple-doubles in the regular season, a WNBA single-season record, in addition to one triple-double in the postseason. Thomas, who was traded to the Mercury in February following 11 seasons in Connecticut, scored 10 points, six rebounds and five assists in Game 2 of the WNBA Finals.
Phoenix Mercury guard Kahleah Copper stats
Copper averaged 15.6 points, 2.9 rebounds, 1.5 assists and 1.1 assists in 28 regular season games. Copper had 21 points and four rebounds in Game 1 of the WNBA Finals and followed up that performance with 23 points and three rebounds in Game 2.
Phoenix Mercury forward Satou Sabally stats
Sabally recorded 22 points in the Mercury’s loss to the Aces on Sunday in Game 2, shooting 7-of-19 from the field and 2-of-9 from the 3-point line. Sabally averaged 16.3 points, 5.9 rebounds and 2.5 assists in 39 games (all starts), shooting 40.5% from the field and 32.1% from the 3-point line.
2025 WNBA Finals schedule
How many games are in the WNBA Finals?
The league expanded the 2025 WNBA Finals from a best-of-five series to best-of-seven as the popularity and appetite for women’s basketball continues to skyrocket. ‘The incredible demand for WNBA basketball makes this the ideal time,’ WNBA commissioner Cathy Engelbert said at the announcement in 2024.
‘It’s exciting to be part of the first one,’ Mercury forward Alyssa Thomas said on Oct. 2. ‘We talk about how a best-of-five is a tough series. … We don’t know what a best-of-seven brings, but nothing changes. We still approach it the same way.’
WNBA champions by year
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Saskatchewan has introduced a new royalty framework for lithium production, marking a major step toward supporting the province’s growing role in Canada’s critical minerals sector.
The amendments to 2017 subsurface mineral royalty regulations formally establish a 3 percent Crown royalty on the value of brine mineral sales, coupled with a two year holiday for new productive capacity.
Provincial officials said the change aligns Saskatchewan’s royalties for lithium with those already applied to potash, salt and sodium sulfate, and keeps the province competitive with leading jurisdictions worldwide.
“Lithium is a critical mineral that is expected to see strong demand and growth in the decades ahead, and Saskatchewan is well-positioned to take advantage of this opportunity,” Energy and Resources Minister Colleen Young said.
“By putting this royalty framework in place now, we are providing certainty for industry, while ensuring the people of Saskatchewan benefit as this sector develops,” Young added.
Industry participants have welcomed the move, calling it a clear signal that the province intends to be a serious player in the global lithium supply chain. Canada-based explorer EMP Metals (CSE:EMPS,OTCQB:EMPPF) described the royalty rate as internationally competitive and a meaningful boost for project economics.
“This is very welcome news. The government of the province of Saskatchewan has once again proven itself to be supportive of lithium production in the province,” EMP Metals CEO Karl Kottmeier said. “This is a highly competitive royalty rate internationally, and a two-year royalty holiday on new production immediately makes a positive impact on financial modelling of what is already a compelling business case for our Project Aurora lithium production project.”
Grounded Lithium (TSXV:GRD) President and CEO Gregg Smith noted that the policy encourages further investment, while recognizing the high upfront costs of developing processing capacity.
“This new regulatory framework provides a reasonable royalty rate while also recognizing the significant risk and initial investment companies make in processing facilities to ultimately achieve commercial production,” he said.
Saskatchewan has emerged as one of Canada’s top destinations for mining investment. The Fraser Institute’s annual mining company survey ranked it the country’s leading jurisdiction, with the province projected to attract over US$7 billion in mining investment this year — more than a quarter of Canada’s total.
The lithium framework also aligns with the province’s broader Critical Minerals Strategy, launched in 2023 to position Saskatchewan as a key contributor to Canada’s resource independence and energy transition.
The plan targets a 15 percent share of national mineral exploration by 2030, the doubling of critical mineral production, and the expansion of existing potash, uranium, and helium output.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Major miner BHP (ASX:BHP,NYSE:BHP,LSE:BHP) welcomed October with the news that it will invest over AU$840 million in its Olympic Dam copper operation in South Australia.
In an October 1 release, the commodities giant said that the funding is for a series of “growth-enabling projects” at the site, focused on strengthening underground mining productivity.
The company outlines several priority projects it intends to pursue at Olympic Dam, namely the construction of an underground access tunnel, a new backfill system, expansion of ore pass capacity and the installation of a new oxygen plant to improve smelter performance and support increased copper-processing capability.
“We expect to grow our copper base from 1.7 million tonnes to around 2.5 million tonnes per annum,” shared BHP COO Edgar Baston. “Achieving that scale requires significant copper growth, and we are fortunate to have a world-class copper province right here in South Australia to do just that.” According to Baston, BHP’s South Australian copper province has been delivering over 300,000 tonnes a year for the past three years.
Copper demand set to rise
In a global trade update shared in May, UN Trade & Development notes that global demand for copper is expected to grow by over 40 percent by 2040. This projected demand increase will drive supply requirements, with the organisation citing the need for around 80 new mines and US$250 billion in investment by 2030 to keep up.
For its part, BHP notes that global copper demand is projected to grow 70 percent by 2050 due to population growth, rising living standards and the energy transition. It adds that this poses a general opportunity for South Australia, underlining that it holds about two-thirds of Australia’s copper resources.
History of Olympic Dam
Olympic Dam was acquired by BHP in 2005 through its acquisition of Western Mining. It has become a cornerstone of BHP’s copper portfolio, with copper accounting for around 70 percent of the asset’s total revenue.
In its 2025 fiscal year, BHP reported a production of over 2 million tonnes of copper for the first time.
Don Farrell, Australian minister for trade and tourism, commented on the company’s investment in Olympic Dam, noting, ‘Australia is at the forefront of the energy transition in which copper is a vital resource and by securing the continued flow of copper from Olympic Dam, BHP is ensuring South Australia’s position as a key global supplier.”
BHP October updates
Also in early October, BHP iron ore cargoes were banned by Chinese iron ore buyer China Mineral Resources Group. The move reportedly stems from pricing disputes and has raised concerns for Australia.
Australia remains China’s top provider of iron ore, and BHP continues to be among the country’s major iron ore exporters, alongside Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Fortescue (ASX:FMG,OTCQX:FSUMF).
BHP has not commented on the matter as of writing.
On a positive note, BHP launched the fourth edition of its Xplor Critical Minerals Accelerator Program.
As in previous cohorts, Xplor 2026 participants can receive up to US$500,000 in equity-free funding, mentorship and access to BHP’s global network of suppliers and service providers.
Submissions close on October 15 at 11:59 p.m. AEST.
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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