The Pre-Start

  • CCJ.NY (US$48B) - Cameco resumes full production at McArthur River and Key Lake after flood disruption

  • CIA ($2.7B) - Reporting after open yesterday, Champion Iron produced 14.2m wmt iron ore in FY26, delivered C$1.8B revenue and C$169m NPAT, declared a C$0.02 dividend, and targets first DRPF sales by end‑June

  • GG8 ($267m) - Gorilla reported 3.8m at 21 g/t gold from 374m at Sovereign, Comet Vale, with an additional RC rig drilling | ▲ 8%

  • HAV ($230m) - Havilah ended the quarter with $56m cash and $76m in Sandfire shares, with Kalkaroo PFS preparations underway

  • ORN ($203m) - IDC converted R344m loan into 23.8% of PCZM (Orion subsidiary), releasing security over Prieska

  • EGR ($178m) - EcoGraf's claimed a global assessment confirmed the competitiveness of the HFfree process, with average operating cost at US$478/t SPG and integrated cost at US$1.4k/t

  • ELT ($158m) - Elementos was granted 3 tenements adjoining Oropesa, extending along strike of tin/zinc resources

  • AGY ($96m) - Argosy's 12ktpa Rincon pilot produced 99% LiCl purity and 94.4% lithium recovery, supporting flowsheet selection and DFS progression | ▲ 15%

  • MAT ($75m) - Matsa started Campaign 3 processing of gold from Devon at FMR's Greenfield mill, 13‑day window; Campaign 4 late July

  • AQD ($65m) - AusQuest to start 5,000m diamond drilling at Cangallo for copper after RC hit of 176m at 0.38% Cu from 40m

High Grade It

  • Two unions raise work stoppage threats at BHP's Port Hedland facilities (West)

  • An attack at Zijin ​Gold's Buritica ​mine had left ⁠one worker dead (Reuters)

  • Goldman’s forecasts increased demand for Australian & Canadian met coal post-China mine explosion (MiningMX)

  • Lone skink discovery pauses some work at $2.3b Harmony’s Eva copper mine (AFR)

  • China tungsten exports to Japan halve amid tightened controls (Nikkei)

  • WA generated $226B in mineral and petroleum sales for 2025 (West)

Wheelin’ n Dealin’

  • Matt Latimore bids for Whyalla steelworks, targeting iron ore expansion (Australian)

  • PE-backed Pembroke enters safe harbour for Olive Downs coal mine as it looks to work through a tough period (AFR)

  • Mitsui is looking to invest in LNG projects across the Middle East, the US and Australia as data centres boost power demand (Bloomberg)

  • Quad partners plan US$20B investment to secure critical minerals supply chain (Geomechanics)

  • Defence-driven demand powers surge in US listings by mining firms (Reuters)

  • GIYANI Metals seeks partners for US$535m K Hill manganese project in Botswana (MiningMX)

Rattlin’ the Tin

  • BGD ($211m) - Barton Gold in trading halt, raising $25m at 85c

  • GL1 ($134m) - Global Lithium raised $7m from Lopal, meeting one CP to the US$75m prepayment; only a positive Manna FID remains

  • MAT ($75m) - Matsa progressed the $17.5m Deutsche Balaton facility: 2nd mortgage lodged on Fortitude North for T2, Red October mortgages advancing

Word on the Decline

  • The 47-page subscription agreement between Kinterra and Maronan does nothing to dampen our prediction of popcorn in six months time. It’s one of those “lets scan the pdf and upload it after market so people don’t pay attention” kind of documents. Didn’t work on us.

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Ownership & Oversight

  • GGP ($8.6B) - Greatland director Mark Barnaba sold $13m of shares, reducing his holding to 500k shares

  • FFM ($1.5B) - Regal sold $36m of Firefly, cutting its stake to 7%

  • LFT ($473m) - Avenir, owned by Agnico, disclosed a 9.8% stake in Li-FT on ASX admission

  • PLA ($310m) - Pacific Lime appointed Darren Holley as COO/CCO

  • CUF ($137m) - Gold Valley bought $156k of Cufe; stake down to 20.3% after dilution

  • TER ($128m) - TerraCom appointed Richard Clarke as interim CFO & Co sec

In the Weeds

  • Gina Rinehart leverages $39B iron ore fortune to build influence network (AFR)

  • Finding the next big thing (Bush Valuations) Copper, Aluminium, Deep Sea mining

  • A Letter to the Chair and Secretary of Lithium Energy (Raper Capital)

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The End for Australian Exploration?

This newsletter is for general information, education & entertainment. Money of Mine is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice – seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur. See our Privacy Policy.

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