Australian Lithium and Gold Coverage

This report provides coverage summaries, financial forecasts, and spot pricing scenarios for Australian lithium and gold miners as of June 2026.

Key Takeaways

• 1.The firm maintains a Buy rating on key gold stocks including NEM, NST, BGL, RMS, WGX, PNR, and WA1, while issuing Sell ratings on PLS, MIN, and GGP.

Table of Contents

• Coverage Summary
• Commodity & FX Forecasts
• GSe Base Case vs Spot Prices and FX
• Consensus Forecasts
• Lithium Pricing
• GS Lithium S/D Model
• Lithium Sector Metrics
• Global Lithium EV/Resource Comparison
• Lithium Reserves and Resources
• Gold Sector Metrics
• Gold Reserves and Resources