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The oil and gas market was punctuated with volatility in 2025.
Oil prices softened as supply outpaced demand and inventories built. Brent and West Texas Intermediate (WTI) crude slipped in late 2025, with Brent dipping below US$60 per barrel and WTI hovering at US$55.
Production increases from non-OPEC producers — including record US output — and higher OPEC+ quotas have contributed to a notable supply overhang, pressuring crude toward four year lows.
Starting the year above US$70, both Brent and WTI prices have now seen steep declines of more than 20 percent amid signs of weaker demand in major economies like China and elevated global stocks.
Meanwhile, the natural gas market saw price shifts driven by weather and storage dynamics.
Prices started the year at US$3.64 per million British thermal units and slipped to a seasonal low of US$2.74 in August. Values peaked at US$5.31 on December 5, and have since retreated to the US$3.94 level.
The US Energy Information Administration (EIA) raised its outlook for late 2025 and early 2026 gas prices after an early cold snap bolstered heating demand, even as forecasts have moderated Henry Hub projections for 2025 to 2026.
2025 saw oil prices fluctuate between highs of US$81.86 (Brent) and US$78.99 (WTI) and lows of US$59.41 and US$55.56, respectively, as the energy market served as a barometer of global political and trade tensions.
“Throughout the year, prices have continued the downtrend they began in April (2024) as OPEC+ continued to hike output and China’s economy continued to struggle under the weight of a flailing property sector, downbeat consumer confidence, overindebted local governments and flagging external demand,” he added.
While the oil market isn’t new to volatility, this year proved different as US President Donald Trump’s on-again, off-again tariffs infused global uncertainty into the energy market.
“We can see that Trump’s ‘Liberation Day’ tariffs pushed prices down to a level from which they’ve not recovered from, barring a spike in June as a result of the 12 day Iran-Israel war,” said Cunningham.
“Since then, Brent crude oil prices have continued to fall as OPEC+ caught the market off guard with its aggressive output hikes, which were designed to win back market share from non-cartel producers.’
Meanwhile, OPEC is approaching full production capacity, with Saudi Arabia being the main exception.
“Even though people are talking about lots of supply, demand is still growing,” Schachter said, noting that global oil demand rose roughly 1.3 million barrels per day in 2025 and is expected to increase by about 1.2 million in 2026.
New supply additions are limited, he explained, mentioning Guyana’s offshore discoveries by ExxonMobil (NYSE:XOM), some output from Brazil and minor contributions from Canada.
“Most basins are tired, and not enough money is being spent to bring on production,” Schachter said, predicting that global inventory drawdowns in 2026 will support higher prices.
Despite lack of investment at the exploration level, FocusEconomics panelists are forecasting a rise in both oil and gas supply in 2026 fueled by output growth at existing operations.
Cunningham pointed to organizations like the EIA and International Energy Agency (IEA), which “hiked their forecasts in recent months in response to OPEC+ increasing output unexpectedly fast and the recent surge in demand for US LNG.”
“The real question is not if oil and gas production will increase, but by how much,” said Cunningham.
A ramp up could be curtailed by geopolitical disruptions, he went on to note.
“Recent frictions between members of the OPEC+ cartel will persist, with Russia likely to favor lower production levels given US sanctions and countries like Saudi Arabia and the United Arab Emirates eager to push production higher given their excess capacity and desire to win back market share from non-OPEC+ producers,” he said.
“Moreover, countries like Kazakhstan and Iraq continue to overshoot their quotas, and in late 2023 Angola left the cartel due to disputes over its allowed production level.”
Global oil demand is expected to rise in 2026, driven primarily by transportation fuels and petrochemical feedstocks.
Gasoline is projected to lead the increase, supported by recovering air travel and road mobility, while diesel and other products also contribute. Non-OECD regions, particularly China and India, will account for most of the growth, with expanding petrochemical capacity in major economies boosting crude-derived feedstock demand.
Overall, transport and industrial activity remain the key engines behind the expected rise in oil consumption.
“Our panelists see world oil production rising 1.1 percent in 2026 as non-OPEC+ countries such as Guyana and the US hike output,” said FocusEconomics’ Cunningham.
Similar to the trajectory for oil, natural gas demand is expected to rise in 2026 as global consumption rebounds and LNG exports expand sharply. “The IEA (is) estimating growth at around 2 percent with consumption at an all-time high on higher demand in the industrial and electricity sectors,” said Cunningham.
Rising LNG supply — with new export capacity coming online in the US, Canada and Qatar — is projected to support stronger import growth, particularly in Asia, where demand is expected to rebound after a 2025 slowdown.
“Asia is hungry for LNG; the IEA estimates the region’s natural gas demand will rise over 4 percent in 2026, with LNG imports up by 10 percent,” the expert said. Increased use of natural gas in power generation and industrial sectors will also contribute to growth, helping push global gas demand toward a new peak next year.
“Of course, these forecasts could change quickly if the world economy or the oil and gas sector is subject to further shocks, which is why we recommend regularly checking the latest forecasts that are available,” Cunningham added.
Further ahead, Schachter argued that rising global power needs will underpin long-term demand for natural gas, particularly as alternatives struggle to scale. Aging power grids are another constraint. Much of the world’s electricity infrastructure has not been meaningfully upgraded, and expanding capacity will require major investment in transmission — driving demand for copper, steel and aluminum alongside new generation.
Against that backdrop, Schachter sees LNG as central to meeting near- and medium-term power needs.
“The demand for LNG is the story,” he said, adding that natural gas is increasingly viewed not as a temporary transition fuel, but as “the most efficient, from a climate and environmental point of view.”
He also highlighted Canada’s advantage as producers invest heavily in emissions-reduction technologies, including methane mitigation. That positioning could make Canadian LNG more attractive to import-dependent nations such as Japan and South Korea.
While new supply from Qatar and the US will add capacity, Schachter cautioned that LNG development is rarely linear, pointing to Canada’s decades-long path to its first operating export terminal. Despite inevitable delays and short-term imbalances, he said the long-term outlook remains clear: “The industry’s fundamentals are very, very positive.”
Cunningham also pointed to increased output from the US and Qatar as key areas to watch in 2026.
“The big Qatari and US LNG projects will help natural gas prices converge globally — our Consensus Forecast is for the percentage difference between US gas prices (which tend to be lower due to huge domestic production) and those in Asia and Europe to ease to the lowest level since 2020, the year the pandemic sent gas demand plummeting,” said Cunningham, adding, “In short, record US LNG shipments will send up prices at home and lower them abroad.”
Cunningham went on to explain that unlike oil, in the natural gas market there tends to be more price divergence between regions as natural gas is harder to transport over large distances. Oil can be poured into a barrel and shipped, whereas natural gas first needs to be liquified if it’s to be sent overseas. Greater LNG capacity will help bridge this gap.
Schachter expects WTI to average over US$70 in 2026, with Brent around US$73 to US$74.
He anticipates some volatility early in the new year, saying that in Q1 he expects trading to be “still sloppy between US$56 and US$66,” before prices rise in Q2 to US$62 to US$72. From there, he sees prices reaching US$68 to US$78 in the year’s third quarter as inventories tighten and market fundamentals assert themselves.
“People think we’re going back to US$80 today. US$58 oil — it ain’t going to US$80. But when the industry is in rational supply and demand, prices climb, especially when inventories draw down quickly,” Schachter said, recalling the 2008 peak in oil prices near US$147 during extreme supply shortages.
Looking at the year ahead, FocusEconomics expects the trends of 2025 to continue.
“Average Brent crude oil prices will ease further to a post-pandemic low, while US natural gas prices will increase to the highest average level since 2014 barring 2022’s Russia-Ukraine-war-driven spike,” said Cunningham.
“OPEC+ is set to continue raising output — after a pause in Q1 2026 — and the global economy should slow as the boost from export front-loading ahead of US tariff wanes.”
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
The stock car racing world’s been rocked by the news that former NASCAR driver Greg Biffle and his family were among those killed in a plane crash in North Carolina on Thursday, Dec. 18.
Biffle, his wife Cristina Biffle, their son Ryder and Greg’s daughter Emma were among the seven people who died in the crash involving a Cessna C550 jet at the end of a runway at Statesville Regional Airport at 10:20 a.m. local time.
‘We are devastated by the loss of our loved ones. This tragedy has left all of our families heartbroken beyond words,’ the families said in a statement.
Biffle spent nearly two decades racing in multiple NASCAR series. The 19-time Cup Series winner was a champion in NASCAR’s third- and second-tier series before making the jump to the top level in 2003.
The former Roush Racing driver was one of the more well-liked drivers in the paddock. He earned Most Popular Driver Honors in 1997 in a regional series, 2000 in the now-Craftsman Truck Series and 2002 in the now-Cup Series.
NASCAR drivers and those who worked with Biffle were among the many to pay their respects to him on social media:
Biffle competed with many champions on the track during his 16 years in the Cup Series and even more in the lower levels. Four-time Cup Series champion Jeff Gordon said what happened was ‘devastating.’
‘I had such tremendous respect for Greg as a driver, and we shared countless tough battles on the track,’ Gordon wrote on X. ‘Like so many others, I was inspired by his tireless relief work during Hurricane Helene. My heart goes out to the Biffle family and everyone hurting.’
Former Cup Series driver Clint Bowyer, known by newer fans for his work as a broadcaster, debuted at the top level the year Biffle challenged Tony Stewart for the championship.
‘Absolutely crushed about the loss of Greg Biffle and his beautiful family,’ Bowyer wrote on X. ‘An unbelievable talent behind the controls of literally anything. Checked all the boxes…Great guy, helped people in need, and most importantly was a great family man.’
Two-time Cup Series champion Kyle Busch spent his first decade in the top level of the sport racing Biffle and wrote about Biffle, Biffle’s family and Biffle’s impact on communities.
‘Such a tragic and heartbreaking day,’ Busch wrote on X. ‘Greg and Cristina were truly special friends to us, we loved them as well as Emma and Ryder dearly. Greg’s compassion and humanitarian spirit—especially in times of crisis—touched so many lives and inspired everyone who knew him.
‘The memories we shared, both on and off the racetrack, will stay in our hearts forever. They meant so much to us, and they will never be forgotten.’
Denny Hamlin’s decorated Cup Series career began shortly after Biffle’s rookie season. The three-time Daytona 500 winner echoed Busch by discussing Biffle’s impact off-track in a post to X.
‘Today the motorsports world lost one of its fiercest competitors and kindest souls,’ Hamlin wrote. ‘Greg Biffle was a champion on the track and a humanitarian off it, whose impact reached far beyond racing.
‘We also mourn the loss of his wife Cristina and children Emma & Ryder, along with Craig Wadsworth, Dennis Dutton, and his son Jack. My heart is with all their families and loved ones.’
Longtime NASCAR team owner Jack Roush gave Biffle his break and helped Biffle realize his NASCAR dreams when he signed the Vancouver, Washington, native to his team in NASCAR’s third tier. Biffle would go on to win all 19 of his Cup Series races under Roush or Roush Fenway Racing.
“The entire Charlotte sports community has suffered a tremendous loss,” Roush said in a statement. ‘The tragic accident involving Greg Biffle and his family today is incredibly heartbreaking. I have lost a dear friend and partner in our NASCAR program. His contributions to our race team over the years are immeasurable. My condolences are with all those who loved and knew Greg and his family.’
Brad Keselowski, 2012 Cup Series champion and RFK Racing team co-owner with Roush, shared his thoughts about Biffle.
“I am heartbroken by the news involving the Biffle family,” Keselowski said in a statement. “I had the privilege of racing alongside Greg for many years, and like so many in our sport, I gained deep respect for him not only as a champion on the racetrack, but as a competitor who helped define an era of NASCAR.
‘His impact on Roush Fenway Keselowski Racing runs deep, and his accomplishments helped lay a foundation we continue to build upon today. My thoughts, and that of the entire organization, are with the Biffle family and everyone close to them as they navigate this tremendously difficult time.’
No. 1 seed Kentucky women’s volleyball is back in the national championship game.
After suffering their worst deficit since 2018 in the first set, Kentucky bounced back to defeat Wisconsin in five sets, 12-25, 25-22, 21-25, 26-24, 15-13, in the 2025 NCAA volleyball national semifinals on Thursday at T-Mobile Center in Kansas City, Missouri.
Kentucky will face Texas A&M in the championship, an all-SEC title game for the first time in tournament history. The Wildcats won the title in 2021. The Aggies are in their first Final Four.
Kentucky senior outside hitter Eva Hudson, a finalist for the 2025 AVCA Player of the Year award, finished with 29 kills on .455 hitting, none better than her final kill to win the fifth set and punch the Wildcats’ ticket to the championship game.
‘I just knew that I had to swing away. I wasn’t going to go out, not swinging,’ Hudson said of her game-winning shot. ‘I knew my teammates were behind me to cover me, so I was just going to give it my all.’
Kentucky last won the program’s only NCAA national championship trophy in 2020. Catch up with USA TODAY Sports updates and highlights of the Final Four matchup:
Kentucky’s defensive pressure had Wisconsin frazzled for the first time in the fifth set. The Wildcats went on a 8-1 run in the fifth set to take an 8-2 lead. Wisconsin responded with a 8-4 run to come within two points, 13-10. Kentucky went on to take the set and match on an Eva Hudson kill.
Wisconsin’s Mimi Colyer had a double-double with 32 kills and 12 digs in the loss. Carter Booth recorded a career-high 21 kills and six blocks.
With their backs against the wall, Kentucky won the fourth set 26-24 to force a decisive fifth set. The Wildcats were the first to the red zone, but Wisconsin fought off three set points to tie it up 24-all. Kentucky’s defense came through at the net and took the fourth set on back-to-back blocks.
Kentucky’s Eva Hudson recorded nine of her 23 kills in the fourth set. Brooklyn Deleye added 11 kills on an inefficient .136 hitting, while Asia Thigpen and Lizzie Carr each added eight kills.
Wisconsin’s Carter Booth has already set a new career-high with 18 kills, while Mimi Coyler is up to 29 kills.
Wisconsin is back on top after winning the first set, 25-21. The Badgers ended the set on a 3-0 run.
The Badgers hit .386 in the third set, compared to .333 for Kentucky. Mimi Coyler leads Wisconsin with 22 kills on .395 hitting, while Carter Booth has tied her career-high with 14 kills and three blocks.
Kentucky’s Eva Hudson has 14 kills on .344 hitting, while Brooklyn Deleye added nine kills on .194 hitting.
Wisconsin dominated the first set, but Kentucky made some adjustments and came alive in the second set.
Kentucky jumped to a 7-4 lead over Wisconsin in the second, but the gritty Badgers surged mid-set to retake the lead, 20-18. Kentucky went on a 6-0 run to earn a set point, and despite Wisconsin fighting off two set points, Eva Hudson cashed in on the third set point to even it a set apiece.
‘We just got some breaks and we executed the serving,’ Kentucky head coach Craig Skinner said, adding that his team needs to serve tougher to get Wisconsin off the net. ‘The serve has got to pick up and our transition game has got to score some points.’
Wisconsin’s Carter Booth recorded 12 kills hitting .786 and Mimi Colyer added 10 kills on .318 hitting.
Kentucky’s Hudson is up to nine kills hitting .389.
The first set belonged to Wisconsin’s Carter Booth. The senior middle blocker recorded seven kills and two blocks hitting 1.000 in the Badgers’ 25-12 first set win. Mimi Colyer added seven kills.
Wisconsin hit .682 in the first set and held Kentucky to .056 hitting.
Wisconsin came out red hot and jumped to a 10-3 lead after Carter Booth (5) and Mimi Colyer (3) combined for seven kills to start the first set. The Badgers are hitting 1.000 to start.
Wisconsin senior middle blocker Carter Booth is listed at 6-foot-7.
The second semifinal matchup between No. 1 Kentucky (29-2)and Wisconsin (28-4) will take place 30 minutes after the conclusion of the first semifinal between No. 1 Pitt and No. 3 Texas A&M on Thursday, Dec. 18 at the T-Mobile Center in Kansas City, Missouri.
Head coach: Craig Skinner
The 6-1 senior outside hitter was named the SEC Player of the Year after hitting .317 with 4.54 kills per set and 504 total kills on the year. She leads Kentucky’s offense, which is hitting .295 this year.
The 6-2 junior outside hitter is averaging 4.69 kills per set and hitting .289 with a team-high 521 kills this year. DeLeye is responsible for more than 564.5 points this year.
Kentucky setter Kassie O’Brien was named the 2025 AVCA Freshman of the Year, the first Wildcat to win the award, after averaging 11.02 assists per set this season.
Head coach: Kelly Sheffield
The 6-3 senior outside hitter had 20 or more kills in nine matches this season, including 23 kills vs. No. 1 Texas in the Elite Eight and 27 kills vs. No. 2 Stanford in the Round of 16. She averages 5.39 kills per set.
The 2025 AVCA Player of the Year shortlist was narrowed to four finalists on Monday: Pitt junior right side hitter Olivia Babcock, Wisconsin senior outside hitter Mimi Colyer, Kentucky senior outside hitter Eva Hudson and Nebraska junior setter Bergen Reilly.
The 2025 NCAA women’s college volleyball tournament is down to the Final Four with Kentucky, Pittsburgh, Wisconsin and Texas A&Madvancing to the semifinals, but it’s never too early to look ahead to next season.
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No. 3 seed Texas A&M swept No. 1 seed Pitt, 29-27, 25-21, 25-20, in the 2025 NCAA volleyball Final Four on Thursday at T-Mobile Center in Kansas City, Missouri. It was the first time Pitt has been swept all year. The Aggies will make their first national championship appearance on Sunday (3:30 p.m., ESPN).
Texas A&M head coach Jamie Morrison, who was named the 2025 AVCA Coach of the Year earlier Thursday, said his team has a ‘bunch of grit and a bunch of belief, and that’s in one another. That’s in our entire group. We believe in it. We believe in each other and we’re going for everything we have.’
Pitt and reigning player of the year Olivia Babcock has now fallen just short of the championship five years in a row.
Meanwhile, Texas A&M’s stellar postseason run continues by knocking out another No. 1 seed with a 16-kill performance by Kyndal Stowers. The Aggies also upset No. 1 overall seed Nebraska in a thrilling five-set match in the Elite Eight. Texas A&M will face the winner of No. 1 Kentucky and No. 3 Wisconsin.
NCAA VOLLEYBALL FINAL FOUR: Schedule, scores, highlights
Pitt volleyball made it to the Final Four for the fifth consecutive year, but the Panthers are on the losing side once again. Panthers head coach Dan Fisher said he’s ‘pissed’ after losing in the national semifinal for the fifth year straight.“I don’t have great perspective on that right now,’ he said. ‘I’m proud of being consistently good, consistently in the hunt, but I’m pretty pissed off right now.”
Texas A&M took a 17-13 lead in the third set, tying their largest lead. Pitt responded with a 5-1 run to tie it up at 18-all. But the Aggies won seven of the nine points to take the third set and sweep Pitt.
Texas A&M’s Kyndal Stowers had 16 kills on .433 hitting, while Logan Lednicky had 14 kills on .323 hitting.
Olivia Babcock had 22 kills on .463 hitting in the loss.
It may be Texas A&M’s first semifinal appearance in program history, but the Aggies have looked far from inexperienced. They took the second set over Pitt, 25-21, and are one set from the national championship.
Texas A&M trailed by four points, but the Aggies won 14 of the next 20 points to take the set. Kyndal Stowers (11 kills on .450) and Logan Lednicky (9 kills on .208) have combined for 20 kills.
Pitt must win the next set to keep their playoff hopes alive. Olivia Babcock has a game-high 14 kills on .379 hitting.
Pitt went on a 8-0 run to take a 15-11 run. Texas A&M responded with a 4-0 run to tie it up at 15-all.
Texas A&M is picking up where they left off. The No. 3 Aggies took the tightly-contested first set against Pitt, which included seven lead changes and 16 ties. No team had led by more than three points in the first set.
The Aggies had a 24-22 lead. A kill from Texas A&M’s Logan Lednicky was initially ruled in to give the Aggies the first set 25-23, but Pitt head coach Dan Fisher used a challenge and the call was reversed to keep Pitt in the set and tie it at 24-all. The Panthers fought off four set points and even earned a set point of their own, but Texas A&M was able to cash in on their fifth set point.
Texas A&M’s Kyndal Stowers is up to nine kills hitting .727 with no errors.
Pitt’s Olivia Babcock has seven kills hitting .353. Blaire Bayless added six kills hitting .545.
The sophomore outside hitter was forced to medically retire her freshman season with the Baylor Bears after suffering four concussions in a matter of months. After taking a season off, she eventually entered the transfer portal, joining head coach Jamie Morrison and the Aggies in College Station, Texas.
Stowers was happy to have a chance at playing volleyball again, but she knew the concerns about her concussions would surface. That’s when she decided to bring in reinforcement, as part of a reenvisioned approach to her health and recovery. While practicing and in games, Stowers wears a Q-Collar.
The first national semifinal matchup between Pittsburgh and Texas A&M is underway at the T-Mobile Center in Kansas City, Missouri.
No. 1 Pitt (30-4) faces No. 3 Texas A&M (27-4) on Thursday, Dec. 18 at 6:30 p.m. ET at the T-Mobile Center in Kansas City, Missouri.
Both national semifinal matchups will be held on Thursday, Dec. 18:
Head coach: Dan Fisher
Head coach: Jamie Morrison
The 6-foot-4 right side hitter already won 2025 ACC player of the year for the second straight season after setting career highs in kills per set (5.11) and digs per set (2.11) this season. She set a new program record with 45 kills vs. North Carolina on Nov. 2.
KANSAS CITY, MO ― On any given day, Texas A&M outside hitter Kyndal Stowers brings three different versions of herself to the court.
One version is very relaxed. The goal is simple: get out on the court, win and leave. Another version of Stowers is more stealthy, unsuspecting. She wins, but the opponents never see it coming. Then, there’s the version that boldly claims victory and lets the opponent know all about it. Every version of Stowers has been seemingly influenced by her journey back to the volleyball court.
The 2025 AVCA Player of the Year shortlist was narrowed to four finalists on Monday: Pitt junior right side hitter Olivia Babcock, Wisconsin senior outside hitter Mimi Colyer, Kentucky senior outside hitter Eva Hudson and Nebraska junior setter Bergen Reilly.
The winner will be announced on Friday, Dec. 19, ahead of the national championship game on Sunday, Dec. 21 (ABC). Babcock, the reigning 2024 Player of the Year, could become the fifth player to win the award in back-to-back seasons and first since Stanford’s Kathryn Plummer in 2017-2018.
KANSAS CITY, MO ― Upon arriving at last year’s NCAA volleyball Final Four in Louisville, Kentucky, Pittsburgh Panthers head coach Dan Fisher received several commemorative Louisville Slugger bats.
Morrison, who is in his third season with the program, led the Aggies to a 27-4 regular-season record and a second-place finish in the SEC with a 14-1 conference record. Under his leadership, four Texas A&M players (Ifenna Cos-Okpalla, Logan Lednicky, Maddie Waak, Kyndal Stowers) earned AVCA All-American honors this season. — Meghan Hall
The 2025 NCAA women’s college volleyball tournament is down to the Final Four with Kentucky, Pittsburgh, Wisconsin and Texas A&M advancing to the semifinals, but it’s never too early to look ahead to next season.
On Thursday, the women’s professional indoor volleyball league announced it’s expanding to the Bay Area with the LOVB San Francisco franchise, bringing the total number of teams in the league to nine by 2027.
The second season will begin on Jan. 7, 2026, but the field of teams will expand from six to nine in 2027 during the league’s third season, with the addition of LOVB Los Angeles, LOVB Minnesota and LOVB San Francisco.
In 2024, Penn State hoisted their first NCAA national championship since 2014 after defeating No. 1 Louisville 25-23, 32-34, 25-20, 25-17 on Dec. 22, 2024 in Louisville, Kentucky. Penn State coach Katie Schumacher-Cawley became the first woman head coach to win a Div. I volleyball championship in NCAA history. The Nittany Lions weren’t able to defend their title and were ousted in the second round of the 2025 NCAA tournament.
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Did you have Rams-Seahawks (Part 2) circled as the potential NFL game of the year when the schedule came out seven months ago? It’s certainly a nice win for the Prime Video crew that will stream the NFC West rematch one month after the Rams held on for a 21-19 win in Los Angeles, a game Seattle nearly won despite QB Sam Darnold’s four interceptions. The winner of Thursday night’s showdown of 11-3 squads will wind up as the NFC’s projected No. 1 playoff seed and NFC West leader while the loser will be relegated into the conference’s fifth spot … at least for now.
But make no mistake, the remainder of Week 16 will also feature consequential matchups.
Saturday, the Philadelphia Eagles can secure the NFC East title and eliminate the Dallas Cowboys by defeating the Washington Commanders. And first place in the NFC North will also be on the line Saturday night as the Packers and Bears meet for the second time in three weeks, this time in Chicago. One of those teams will lock up a playoff berth over the weekend if the Detroit Lions lose to the Pittsburgh Steelers on Sunday.
The NFC South will take center stage Dec. 21 as the Tampa Bay Buccaneers and Carolina Panthers meet in the first of two matchups over the next three weeks that should determine the division’s winner and lone playoff participant. The Buffalo Bills, Jacksonville Jaguars, LA Chargers and New England Patriots, who play the Baltimore Ravens on ‘Sunday Night Football,’ will all attempt to clinch playoff berths Sunday.
Monday night, the San Francisco 49ers could also punch their playoff ticket, though the focus of their nationally televised game is certain to be on Indianapolis Colts QB Philip Rivers’ first game at Lucas Oil Stadium in five years.
Got all of that, folks? Enjoy this pre-Holiday smorgasbord as USA TODAY Sports’ panel of NFL experts shares its outlook for the Week 16 rundown:
(Odds provided by BetMGM)
With the Seattle Seahawks trailing the Los Angeles Rams by 16 points early in the fourth quarter, it felt like they needed a miracle to come back. The crazy two-point conversion they got to tie the game 7 minutes later wasn’t quite a miracle, but it was the next best thing.
The Seahawks were trailing by 16 points early in the fourth quarter of the Week 16 ‘Thursday Night Football’ game. They managed to score a touchdown on a punt return by wide receiver Rashid Shaheed and converted a two-point try to cut the lead down to one score. On their following possession, Seattle scored another touchdown, but things got wild on the ensuing two-point conversion attempt that ended up tying the game.
After his 26-yard touchdown pass to AJ Barner, Seahawks quarterback Sam Darnold attempted a quick screen pass to running back Zach Charbonnet on the two-point try. Rams defensive end Jared Verse was ready for it and leapt in between Darnold and Charbonnet to break up the pass. The tipped ball fell through Rams safety Kam Curl’s arms and dribbled into the end zone, where Charbonnet slowly walked over to pick it up.
The initial ruling on the field was that the pass fell incomplete. But upon further review, Darnold’s throw toward Charbonnet traveled backwards. Rather than an incompletion on a pass attempt, the loose ball was considered a fumble on a lateral attempt.
Since the ball ended up in the end zone and was recovered by Charbonnet, the ruling of an incomplete pass and failed two-point try was overturned to a successful conversion. It tied the game for Seattle with six and a half minutes remaining in the contest and reinvigorated the Seahawks’ division title hopes.
IRIS Metals Limited (ASX: IR1, “IRIS” or “the Company”) is pleased to announce it has executed a binding Heads of Agreement (HOA) with Finley Mining Inc for the exclusive right to farm-in to the Finley Basin Tungsten Project (Tungsten Project) located in Granite County, Montana, USA. This strategic farm-in opportunity further expands IRIS’ exposure to critical minerals beyond lithium, positioning the Company in a key tungsten district with historical production potential and untapped high-grade tungsten potential in a jurisdiction primed for revival under U.S. critical minerals policies.
HIGHLIGHTS
‘This binding agreement marks an exciting step for IRIS as we grow and diversify our critical minerals portfolio into tungsten, a vital component for the defense and technology industries. The Finley Basin Project offers significant upside with its prospective geology and location in a mining-friendly jurisdiction. Combined with our existing South Dakota portfolio, this positions IRIS to capitalise on significantly growing demand for US-sourced critical minerals.’
Montana Portfolio Expansion and Development
IRIS is actively evaluating additional critical mineral opportunities to complement its core South Dakota holdings. This farm-in to the Finley Basin Tungsten Project diversifies IRIS’ assets into tungsten, a critical mineral essential for military energetics, alloys, electronics, and renewable energy technologies, with U.S. demand surging amid defense initiatives and clean energy goals, yet vulnerable to geopolitical supply disruptions.
The expansion of IRIS’ mineral portfolio to tungsten was measured in approach with a number of projects reviewed and compared. The Company selected the Finley Basin Project due to its high-grade characteristics when compared other tungsten occurrences in the US2, historical exploration results, favourable jurisdiction, potential for expansion of known mineralisation, local milling capabilities, and reasonable proximity to the Company’s South Dakota operations.
IRIS’ primary focus remains on advancing its South Dakota lithium and rubidium projects toward near- term development under its “Hub & Spoke” strategy, which emphasises centralized processing across multiple sites.
Recent expansions, including the September 2025 acquisition of the Ingersoll Project from Rapid Critical Metals have significantly grown IRIS’ Black Hills footprint and private land holdings. IRIS is rapidly expanding mineral resources and progressing studies to support a multi-mine production model, with economic analysis targeted for 2026.
This strategic diversification importantly aligns with broader U.S. incentives for domestically sourced critical minerals and supports resilient supply chains under frameworks such as the Australia-U.S. Climate, Critical Minerals and Clean Energy Transformation Compact.
Click here for the full ASX Release