MMI ($410m) - Metro shipped 756k wmt bauxite from the Bauxite Hills mine in August, with CY26 shipment guidance at 6.6–7.1m wmt

PC2 ($391m) - PC Gold identified an adit target outside the MRE at Spring Hill, with sampling returning 20.4m at 13 g/t Au

SLS ($387m) - Solstice hit 52m at 0.71% Cu from 406m at Nanadie; DHEM defined a 140m x 140m conductor for drill testing

PSC ($196m) - Prospect hit 27m at 0.69% Cu from 102m outside the MRE, and expanded drilling by 3.4km to 13.4km

GL1 ($175m) - Global Lithium's Manna–Nova Integration Study puts NPV₈ at $946m with 120% IRR and $180m capex, targeting first concentrate mid-2027

AEU ($173m) - Atomic Eagle outlined a 600m×200m uranium footprint at Muntanga North, with 3.1m at 344 ppm U₃O₈ from 27.7m, open to the east | ▼ 5%

MMA ($138m) - Maronan reported infill drilling at the Maronan Underground project, including 11m at 10.3% lead and 116 g/t silver from 351m

ENR ($132m) - Encounter hit 51m at 5% Nb₂O₅ from 63m, incl. 13m at 10.4% from 80m, outside Green's MRE at Aileron | ▲ 12%

PGL ($111m) - Pilbara Gold reported 46m at 3.17 g/t gold from 92m at Terra, Roe Hills gold project, WA

OCN ($87m) - Oceana doubled the rare earths footprint at Serra Negra to >4.5km², with 122m at 1.2% TREO from 50m

SNM ($75m) - Sentinel reported 48m at 1.13 g/t gold from 39.1m at Columbia Gold-Silver project, MRE update due Nov '26 | ▼ 11%

MRD ($67m) - Mount Ridley's Selectro Test 3 lifted scandium recovery to 91.8% and HREE to 84.0% using half reagent dose; gallium 41.5%

LMG ($48m) - Latrobe Mag said its 20-year MOU with SLN (Eramet) can scale to supply feedstock for a 30-year, 50ktpa magnesium plant in the USA, with capex of US$1.1-1.5B and NPV₁₀ of US$1.4-2.7B

CZR ($47m) - CZR reported 7.7m at 2.1 g/t gold from 205m at Top Camp and lodged a mining lease application for Buddadoo

ORD ($38m) - Ordell targets a Q4 CY26 maiden MRE for Barimaia after 19m at 2.7 g/t gold from 40m at McNabs East | ▲ 5%

NXM ($36m) - Nexus lifted Wallbrook gold MRE to 13.3Mt at 1.5 g/t Au for 631koz (+108%), taking group resources to 709koz

WGR ($23m) - Western Gold expanded Gold Duke scoping study lifts the production target to 1.1Mt at 1.7 g/t gold for 55.5koz recovered, with pre-tax NPV₈ $66.2m; however toll milling at Wiluna is deferred until further notice

ELK ($21m) - Elk Range reported visible gold at 123m in first hole at the Friday Gold project, Idaho, now drilling 200m past a historical hole | ▲ 6%

CATL predicts sodium batteries will challenge Australia's $10B lithium export market by next year (AFR) They would say that, wouldn’t they?

Forrest escalates legal battle with Yindjibarndi over FMG’s Pilbara ops (West)

South Korea prioritises critical minerals and energy at inaugural Central Asia summit in Seoul (Reuters)

Sudan gold mine collapse in West Kordofan kills at least 60, rescue efforts ongoing (Reuters)

Iron ore futures drop nearly 5% to about US$96/tonne amid weak Chinese demand (AFR)

First Quantum secures UK patent for trolley-assist tech, reducing diesel use by 90% in copper mining (Mining.com)

ALR ($312m) - Altair secured an option over 29km² at South Oko, lifting Oko Shear exposure to ~18km, US$4.5m to exercise, and US$4/oz on two permits

EZL ($221m) - Euroz Hartleys detailed the $145m sale of its capital markets business to BMO, with the IER finding it fair and reasonable and plans to distribute ~$0.614/share via a special dividend and capital return

A11 ($220m) - Atlantic Lithium secured FIRB approval for acquisition by Huayou Cobalt; shareholder vote expected Nov '26

AVL ($88m) - Australian Vanadium terminated Albright's MRSA over the its project, consolidating mineral-rights ownership, for $500k cash, $1.3m in shares and assignment of a 0.75% NSR over Tumblegum South

AMD ($27m) - Arrow applied for an iron ore tenement beside Rio Tinto's Robe Valley, lifting landholding 30%

MMG offers long-term ferronickel supply to Europe to secure Anglo’s Brazilian nickel assets acquisition (Mining.com) as the EU objects the deal (Mining.com)

FirstAU launches $46.5m all-scrip takeover of Javelin to consolidate 350koz gold in Eastern Goldfields (West)

Mercuria and Heeney Capital plan major investment in Venezuela's gold mine (Bloomberg)

BHM ($158m) - Broken Hill Mines withdrew its $5m SPP due to low take-up, will refund applications

LMG ($48m) - Latrobe Mag received a non-binding US$15m letter of support for 50ktpa magnesium plant FS, conditional on matching US$15m and DD/approvals

NXM ($36m) - Nexus is raising $5m at 5.3c

CC9 ($15m) - Chariot raised $1.1m at $0.05 to fund Nigeria lithium acquisition, with 1-for-2 attaching options | ▼ 12%

Caledonia nears $150m interim bank facility for Bilboes gold project in Zimbabwe (MiningMX)

Supreme Court judge criticises Steve Wyatt over unserved writ against Chris Ellison (BN)

Pan African announces R500m share buy-back after record R1.58B dividend (MiningMX)

After yesterday’s announcement from Emerald on the US$200-400m facility for “future acquisitions”, let’s try and deduce what Emerald might actually be hunting.

It owns 19.9% of Golden Horse and has maintained that stake through raises, but we see no reason it wants 100% at this stage. Unless GHM comes into play, EMR looks happy letting someone else fund the exploration.

Then there’s Manda, the pre-IPO vehicle Emerald is backing which has acquired Pacgold’s Queensland assets, alongside other North Queensland projects, effectively giving it a ready-made consolidation vehicle there. It also has plaint applications over Avenira’s Yandal ground. Interesting, but nothing warranting an acquisition.

We have previously written about Unity Metals in Cambodia. It’s too small and too early stage yet as well.

Which leaves what else? Mt Todd? Don’t rule it out…

Still, we wouldn’t over-read the facility. Every GoldCo has one now, and they’re surprisingly rarely used for any acquisition.

WAF ($4.2B) - L1 sold $60m of West African shares, reducing to 7.1% | ▼ 6%

WAF ($4.2B) - West African issued 851k shares to MD Richard Hyde | ▼ 6%

BCI ($1.6B) - BCI Minerals appointed Ian Hansen as NED, with Chris Salisbury to step down

DYL ($1.3B) - Paradigm sold down its holding in Deep Yellow to 5.9%

AMI ($723m) - Brazil Farming bought $1.7m of Aurelia shares, lifting to 23.8%

SVL ($333m) - Silver Mines appointed Nicole Brook & Woke-hating fund manager’s early morning email meltdownJoel Fitzgibbon directors

AEU ($173m) - Atomic Eagle disclosed Menel E&R will exercise 35m options at $0.31 by Oct '26, raising $11m | ▼ 5%

AUZ ($61m) - Australian Mines appointed Michael McNeilly as Chair; Michael Ramsden becomes NED | ▼ 7%

AUQ ($59m) - Vikas Jain, Piyush Jain and South West Pinnacle subscribed $959k in Alara's rights issue, lifting their stake to 12.7%

Woke-hating fund manager Ben Cleary’s early morning email meltdown (Australian, AFR)

China’s central bank sounded alarm on ‘unfavourable’ iron ore pricing (AFR)

The tweet that started it all here

“Mining giant” is generous for a pre-revenue junior that hasn’t mined anything yet.