The Pre-Start

  • EVN ($22B) - Evolution completed the 4.2Mtpa Mungari expansion ahead of schedule & under budget | Diggers Presentation

  • LTR ($3.1B) - Liontown targets 2.8Mtpa at Kathleen Valley by end FY27 | Diggers Presentation

  • OBM ($2.0B) - Ora Banda set FY27 capex guidance at $425m, building a 3Mtpa mill | Diggers Presentation

  • MI6 ($1.3B) - Minerals 260 outlined the exploration phase at Bullabulling, targeting late‑2028 gold production | Diggers Presentation

  • FFM ($1.2B) - FireFly will release a Green Bay MRE update and PEA this month, supported by 11.5m at 13.2% CuEq from 501m

  • BNZ ($1.1B) - Benz reported 41m at 14.5 g/t gold from 260m at Icon

  • IPX ($1.0B) - IperionX plans to redomicile to Texas with a direct Nasdaq listing replacing ADS

  • AIS ($561m) - Aeris guided to 22–27kt Cu, 42–51koz gold and 130–160koz silver in FY27, with $170–210m growth capex as Tritton's Constellation open pit delivers first sulphide ore in late Q3 to lift H2 output

  • AZY ($345m) - Antipa's Phase 1 drilling at Tims Dome intersected 22m at 0.9 g/t gold and 0.14% copper from 157m above a 1.2km untested AEM conductor

  • BTR ($340m) - Brightstar hit 305m at 1.8 g/t gold from 352m at Two Mile Hill, with the tonalite interpreted >180m thick

  • MM8 ($336m) - Medallion secured all approvals to start developing Ravensthorpe, early production Q3 CY26, first ore to Cosmic Boy Q2 CY27

  • SLS ($335m) - Solstice hit 51m at 1.03% Cu from 194m at Nanadie

  • TRE ($258m) - Toubani began process plant construction at Kobada and expects gold stream drawdown this month; first production targeted Q3 2027

  • HRN ($190m) - Horizon Gold reported 23m at 5.26 g/t gold from 188m at Kingfisher

  • WTM ($180m) - Waratah's RC at Gazzards outlines 6km gold corridor to Spur and Consols, 8m at 3.54 g/t gold from 120m

  • SS1 ($165m) - Sun Silver hit 8.3m at 170 g/t AgEq from 266m outside the current MRE at Maverick

  • ENR ($129m) - Encounter reported 75m at 2.4% Nb₂O₅ from 43m at Green, with Emily drilling extending niobium mineralisation at Aileron

  • TOR ($112m) - Torque intersected mineralisation outside current MREs at Observation and HHH, highlighted by 2.7m at 5.2 g/t Au from 201m

  • LKE ($88m) - Lake’s Catamarca opened EIA consultation for Kachi lithium brine project, final step before a DIA expected by 30 Sep

  • FAL ($80m) - Falcon confirmed >850m strike at Blue Moon, with 1.6m at 5.9 g/t gold from 609.7m at Jasmine

  • E25 ($80m) - Element 25 signed a take-or-pay offtake with OM Materials for 100% of Butcherbird's manganese concentrate, 5-year term, subject to financing

  • BKB ($73m) - Black Bear's Scoping Study for the Independence gold project outlines post‑tax NPV₅ ~$511m on ~$119m initial capex and AISC ~$2.2k/oz for 250koz Au and 1.8Moz Ag over 9.7 years

  • BCA ($49m) - Black Canyon shared drilling results, targeting a maiden Wandanya MRE in September, after returning 9m at 33.5% Mn from 2m

  • KZR ($47m) - Kalamazoo hit 36m at 16 g/t gold from 181m at Mt Olympus, feeding a Q4 2026 MRE update

  • STM ($47m) - Sunstone hit 196m at 0.62 g/t AuEq from surface at Porotillo outside 3.6Moz Bramaderos; MRE update due Dec quarter

  • HMG ($37m) - Hamelin Gold defined two lodes and reef-style mineralisation at Day Dawn, with 2m at 12.6 g/t Au from 36m

  • CAV ($31m) - Carnavale reported metallurgical results at Kookynie: 98–99% gold recovery, cyanide 0.35–0.44kg/t, enabling CIL toll treatment

High Grade It

  • China’s XCMG electric truck hopes put Pilbara miners on collision course (AFR)

  • Malaysia considers easing export curbs on unprocessed rare earths amid global demand from US, Australia, France, India (Bloomberg)

  • Fortescue’s Iron Bridge takes $1.1b hit as China talks stumble (AFR)

  • Unions’ plan: stop 16 iron ore ships and cost BHP $260m (Australian)

  • Wright family wins legal delay in Gina Rinehart royalty clash (AFR)

A message from Model Answer

AI in Finance Monthly Meetup: Check out the newsletter and join us on the 11th Aug for our next meetup

Hosted by Model Answer and COD3R LAB, this is where we get together to talk AI news, tips/tricks and showcase what we've been working on. Check out the last issue and join us next week!

Subscribe to the newsletter →

Wheelin’ n Dealin’

  • Stokes-backed Forrestania hit with Takeovers Panel complaint over Zenith bid (AFR)

  • ELT ($156m) - Elementos said its option to acquire up to 50% of Iberian Smelting's Robledollano tin smelter in Spain is now unconditional

  • MLG ($115m) - MLG and Marlinyu Ghoorlie Enterprises formed a 50:50 JV to deliver mining services on Marlinyu Ghoorlie country

  • HMX ($62m) - Hammer received a binding superior scheme proposal from Austral to acquire the company for $0.087/share via 1.2903 Austral shares and a demerger of WA gold assets, triggering Larvotto's matching right

  • ZNC ($58m) - Zenith is subject to Takeovers Panel interim orders preventing Forrestania from processing acceptances or declaring its off‑market takeover bid unconditional, while FRS reports 52.3% voting power

Rattlin’ the Tin

  • ELV ($1.4B) - Elevra issued C$65m convertible notes to Canada Growth Fund at $17.17 conversion to fund NAL expansion

  • STN ($224m) - Saturn's SPP has been underwritten to $5m at $0.40 by Petra Capital

  • IXR ($70m) - Ionic Rare Earths in trading halt pending a capital raise

  • Cameco and Brookfield Renewable Partners file for US IPO of Westinghouse nuclear venture (Mining.com)

Word on the Decline

  • Survived the Topdrill event or Exchange Hotel last night? Excellent. Now tell us what the bloke in the RMs told you after his sixth beer.

  • Send us your best Diggers gossip this week: rumours and deal chatter. We promise to treat it with the appropriate amount of scepticism.

  • This column becomes Word on Hannan Street for the week.

Got Word on the Decline? Reply or email [email protected]. We will always take your privacy seriously.

Ownership & Oversight

  • VUL ($1.2B) - Vulcan Energy appointed Amanda Lacaze as independent NED

  • CXO ($728m) - Core Lithium director Heath Hellewell resigned

  • PEN ($129m) - Peninsula appointed Gary Birch CTO

  • BVR ($76m) - Franklin took a 5% stake in Bellavista with $4m purchase

In the Weeds

  • Massif Capital (Q2 Letter) Making up for Friday’s broken link

  • Someone Forgot to Give Thanks... - Part II (Le Shrub) Told thru memes, the importance of being humble & avoiding leverage in markets

  • Weekly Watchlist (Respeculator) Perhaps the metals miners are telling us something about where metals prices are going?

  • Kalgoorlie’s mining gabfest reckons it has grown up. A new home helps (AFR)

Forwarded this email?
Subscribe for free!

Today’s Top Tweet

Devil’s in the Detail

  • Because every chart has to go up and to the right…

Our Latest Show

How to Spot a 20-Bagger Early (Rob Cohen)

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.

Reply

Avatar

or to participate

Keep Reading