The Pre-Start

  • BHP ($324B) - BHP acknowledged speculation on a potential partnership for part of WAIO, saying it explores options and remains committed to WA

  • DRR ($2.2B) - Deterra set its DRP issue price at $4.04 (2% discount)

  • ELV ($1.5B) - Elevra’s NAL PFS backs a three-stage expansion to 373ktpa spodumene concentrate for C$366m capex, post-tax NPV₈ C$3.2B, fully funded

  • KCN ($1.4B) - Kingsgate restored Chatree Plant 1 to 2.3Mtpa, returning full capacity after a 47-day shutdown; FY27 guidance update due end-September

  • MAD ($1.3B) - Mader approved a buy-back of up to $30m; separately, Capital Group ceased to be a substantial holder

  • RXL ($850m) - Rox said construction at the 1Mtpa Youanmi mine is on schedule, with stoping to start in Oct and first gold targeted mid‑CY27

  • BTR ($646m) - Brightstar infill drilling at Sandstone Gold aims to upgrade Bull Oak for PFS; 7m at 119 g/t gold from 199m

  • FML ($587m) - Focus advanced the Green Light open-pit study at Coolgardie gold and reclaimed 36kt mineralised stockpile from the historic CNX waste dump

  • VMM ($583m) - Viridis ordered a residue pressure filtration package for Colossus from Dewater, a 12‑month long‑lead item supporting 2028 rare earths production

  • FRS ($579m) - Forrestania reported 58.6Mt at 1.1 g/t gold for 2.1Moz, with acquired Edna May at 30.7Mt at 1 g/t for 0.9Moz

  • LRV ($545m) - Larvotto reported 9.5m at 8.07 g/t AuEq from 345.5m at Clarks Gully, extending mineralisation down-dip and south at Hillgrove, NSW

  • TOK ($337m) - Tolu secured a $30m debt facility from National Banking Corporation, fully funding the Tolukuma gold mine to production targeted in Q1 2027

  • POL ($299m) - Polymetals updated the Endeavor MRE to 20.7Mt at 7.5% Zn, 4.2% Pb and 82 g/t Ag

  • AUE ($240m) - Aurum targets an early Q4 CY26 MRE update for the Boundiali

  • GBR ($183m) - Great Boulder reported 12m at 8.56 g/t gold from 8m at Peak Hill, with an MRE upgrade targeted by year-end

  • KAU ($139m) - Kaiser Reef updated the Henty MRE to 4.2Mt at 3.2 g/t Au (429koz) & reserves to 1.9Mt at 3.2 g/t Au (198koz), maintaining ~6 years' life

  • LM8 ($81m) - Lunnon completed the Lady Herial open pit, generating $39m pre-tax free cash flow and closing with $41.4m cash; the pit's reserves are now depleted

  • NMR ($80m) - Native Minerals reported 19m at 3.1 g/t gold from 41m at North Pit, Blackjack gold mine

  • PNN ($70m) - Power Minerals hit 5m at 4.32% TREO from 181m, incl. 2m at 7.85% from 184m, at Morro do Ferro

  • VHM ($61m) - VHM gained Planning Scheme Amendment approval for Goschen, completing all major project approvals and leaving FID subject to funding

  • EV8 ($50m) - Everlast completed its second export from the Gaibandha Mineral Sands project, shipping ~18t of zircon concentrate to China

  • ILT ($37m) - Iltani reported 71m at 81 g/t AgEq from 133m at Orient Silver-Indium, Qld, with MRE update in Q4 CY26

  • FZR ($29m) - Fitzroy River reported a $201k net loss, with the $12.3m received from Endura for its Snowy River royalty held in escrow pending NZ High Court proceedings

  • LGM ($24m) - Legacy is running an optimised Scoping Study at Mt Carrington, NSW, assessing throughput above 1Mtpa off July's 47.9Mt at 1 g/t AuEq (1.6Moz AuEq), with results due in the Dec quarter

High Grade It

  • China rare earth firms halt US shipments amid geopolitical tensions (Reuters)

  • Brazilian court halts Sigma Lithium's Grota do Cirilo project over environmental permit suspension (Bloomberg)

  • Central-bank gold buying fell over 50% in July despite near-record bullion prices (Mining.com)

  • Marnie Finlayson betting on uranium resurgence with new reactor tech (AFR)

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Wheelin’ n Dealin’

  • Vale not moving forward with critical minerals subsidiary IPO, amid political push back (G&M)

  • RMS ($7.4B) - Ramelius sold Edna May to Forrestania for $300m ($210m cash, $90m scrip) and holds 9.4% of FRS

  • CY5 ($204m) - Cygnus said CAML shareholders approved the share allotment for the scheme to acquire Cygnus, satisfying a key condition to implementation

  • AWJ ($43m) - Auric is in halt pending a proposed acquisition announcement

  • GA8 ($39m) - GoldArc obtained a waiver to issue contingent shares to Regener8 Resources within 5 years, tied to MRE or production milestones

  • FAU ($34m) - First Au will acquire five tenements at Sandstone, for $350k cash, $400k shares and $150k deferred

  • CZN ($30m) - Corazon will complete by 2 Oct the Dynamic Metals gold-rights deal after MRL declined ROFR

  • African Rainbow considers increasing its 19.9% stake in Canada's Surge Copper after Berg project success (MiningMX)

Rattlin’ the Tin

  • GML ($221m) - Gateway is raising $25m at 8c

  • KAO ($152m) - Kaoko raised $20m at $2.20 to fund Chalkos Copper-Silver drilling, lifting cash to over $24m

  • MDX ($99m) - Mindax secured $3.3m convertible note funding from L&Y at $0.033 conversion and 10% interest

  • VTX ($40m) - Vertex raised $4.2m via convertible loans at 10% p.a.

  • US Export-Import Bank considers $750m financing for Aclara's rare-earth facility in Louisiana (Mining.com)

Ownership & Oversight

  • PLS ($17B) - First Sentier emerged with a 5.7% stake in PLS

  • LTR ($3.8B) - Liontown director Tim Goyder bought 1m shares for $1.2m, with three others buying, taking aggregate director buys to $1.5m

  • BC8 ($816m) - Black Cat terminated MD James Bruce, paying 6 months' notice; separately, Chris Stone joined as NED

  • PC2 ($408m) - Perennial ceased to be a substantial holder in PC Gold

  • WWI ($189m) - West Wits director Keith Middleton resigned

  • MMA ($148m) - Maronan appointed Andrew Graham MD/CEO from 23 Nov 2026; Richard Carlton becomes NED

  • BKB ($98m) - Colin Petroulas lifted his stake in Black Bear to 9.8%

  • PKO ($28m) - Peako appointed Stephen McIntosh as NED; Louis Bucci resigned on 4 Sep

In the Weeds

  • Atoms in Algo World (Blind Squirrel) What miners would you hold for 20 years?

  • Emanuel Datt interview (AFR Fundie Q&A)

  • Top 50 miners value surges $357B in August, exceeding $2.5T (Mining.com)

  • ‘A difficult time’: Inside Fortescue’s culture crisis (AFR Analysis)

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