PMT ($1.2B) - PMET started a 45km drill campaign at Shaakichiuwaanaan for CV5/CV13 to support an updated FS and a 2026 PEA

DTR ($701m) - Dateline appointed Alvarez & Marsal to manage construction of the Colosseum gold mine and lead EPC+M contracting pending financing

ALDE.C (C$494m) - Aldebaran reported 1,339m of 0.45% CuEq (0.38% Cu, 0.14 g/t Au & 2.5 g/t Ag), including 500m of 0.71% CuEq at Altar, Argentina

AS1 ($271m) - Asara hit 40m at 4.5 g/t gold at Massan, Kada, confirming the NE extension and drill orientation

STK ($264m) - Strickland commenced PFS workstreams at Rogozna, with an updated Gradina MRE due in weeks

FXG ($169m) - Felix Gold reported 29.3m at 2.2 g/t gold from 13.4m in assays at NW Array, with antimony co-hosted

WCN ($38m) - White Cliff secured a C$250k Gov’t of Nunavut grant to co-fund 6000m RC drilling at Danvers, Rae copper project

BMR ($27m) - Ballymore intersected 28m at 4% galena and 3% sphalerite from 106m at Torpys; assays due June

KRM ($22m) - Kingsrose: BHP to terminate the Finnmark alliance; Kingsrose to hold 100%, with 950km² new licences taking the package to 3850km²

Mining bosses warn new capital gains tax will ‘cut the jugular’ of Aussie economy (Australian)

SGH’s Ryan Stokes blasts budget tax reform as ‘punishing aspiration’ (AFR) Now looking overseas. Also notes $100m in AI cost savings

The Treasurer said he’ll do whatever it takes to protect Australia’s interests on foreign investment, after China criticised its rare earth intervention (Australian)

US imposes 109% countervailing and 133% anti-dumping duties on Russian palladium (Reuters)

Codelco overstates copper output, revealing 27-year production low after executive firing (Bloomberg)

Konkola reopens Chingola mine in Zambia, 18-years after closing (Mining.com)

TVN ($613m) - Tivan agreed 80/20 IJVs with Murak Rai for Baucau and Ossu, Murak Rai free carried to DFS with royalty option

BOC ($255m) - Bougainville entered a 90‑day exclusive, non‑binding cooperation agreement with Lloyds Metals for due diligence on redeveloping Panguna | ▲ 24%

Critical Metals secures 15-year offtake with REalloys for Tanbreez rare earth concentrates (Reuters)

Greenland Mines acquires Sarfartoq rare earth project from Neo Performance for US$35m (PR)

KGHM Polska Miedz plans acquisitions in Europe, Africa, and the Americas amid copper demand surge (Bloomberg)

ARU ($1.4B) - Arafura launched a $350m placement at $0.26 (16.1% discount) for Nolans build; Hancock committed $85m to ~17.5%, plus $25m SPP

ODV.NY (C$1.1B) - Osisko Development announced the pricing of US$272m of 4.125% convertible senior notes (25% conversion premium)

MPK ($128m) - Many Peaks raised $27.5m at 90c for Ouarigue PFS, drilling

LEX ($31m) - Lefroy raised $3.6m at 12.5c to accelerate Mt Martin evaluation, with directors subscribing $318k

Perpetua secures US$2.9B loan from US Export-Import Bank for its Idaho mine (Bloomberg)

Tharisa agrees fiscal terms with Zimbabwe for US$545m Karo Platinum project financing (MiningMX)

The Ravenswood rumour mill has centred on the hedge book, but the more interesting claim is in the debt stack. Market chatter suggests lenders had been giving the operation room to move on hedge-related requirements rather than forcing an immediate reckoning.

The balance sheet may have been underwater at generous spot price assumptions. Separately, JV partner GEAR is said to have acquired a parcel of secured debt at roughly 70c in the dollar.

If true, it wouldn’t be the first time GEAR is rumoured to paper over some cracks in Queensland.

SRL ($1.9B) - Sunrise appointed Peter Arnell as director | ▲ 9%

BOC ($255m) - Bougainville Copper appointed Sir Melchior Togolo as CEO

LOT ($165m) - Lotus named Sam Penglis interim COO; Mike Da Costa departed

RMI ($60m) - Praxis bought $423k of Resource Minerals Int’l

RDM ($50m) - Following the distribution, Red Metal holds 6.1% of Maronan

Massif Cap (Q1 Letter) - For yesterday's broken link, great read!

Could the Tanks Run Dry? (GoRozen)

Finally, a font size you don’t need to wear glasses for.