• New gas projects will be forced to provide supply to the domestic market, with an east coast reservation scheme to be considered under a sweeping review into the regulations of the sector by the Albanese gov’t (Australian)

• An outstanding WA environmental approval needed to turn Hemi into a top-five mine in Australia has been secured by new owner Northern Star (West)

• Chile posted its best month of copper production this year as the world’s largest supplier of the metal delivers some relief to tight global markets (Bloomberg)

• The trading unit of CMOC - the world’s biggest producer of cobalt — has declared force majeure on deliveries of the metal, after the DRC extended a ban on exports (Bloomberg)

• Mali has completed its takeover of the Yatela and Morila gold mines abandoned by their previous owners, the gov’t announced at the weekend, but questions remain over extracting value (Reuters)

• China's CATL has broken ground on a US$6B battery material ecosystem in Indonesia in a JVwith state-owned groups (Bloomberg)

• Zijin has agreed to purchase the Raygorodok gold project for US$1.2B, marking its biggest deal in 6 years (Bloomberg)

• Codelco is on track to finalise a deal with SQM by the end of Sept, despite mounting political opposition, to acquire a majority stake in SQM's Atacama assets in exchange for 30 more years of operations (Bloomberg)

• Dataroom reported Coronado confirmed it’d engaged in talks with certain counterparties about a potential sale of a minority interest in certain assets, but had not received any binding proposal from any party (Australian)

• On the theme of small cap copper being hot, Mount Gibson Iron has appeared with a 5.4% shareholding in AIC Mines (A1M) we had seen MGX in other QLD copper names recently

• Barton Gold has agreed to acquire the Wudinna gold project for $5.5m upfront plus $9.5m contingent from Cobra Resources (BGD) 279 koz gold at 1.5g/t 200km SE of Tunkillia

• Many Peaks has elected to maintain its 24-month option to acquire up to 100% of Baga gold project, proceeding with a 12-month fee (MPK)

• Aeris has drawn down the $60m guarantee facility provided by 30% shareholder, Washington Soul Patts, for environmental bonding, releasing ~$10m of restricted cash (AIS) includes security over all assets of the company

• Laramide Resources is raising C$10m to advance its US uranium permitting workstream (LAM.TO) 19.9% shareholder Boss Energy has committed to take its pro-rata share of the placement

• Has anyone run their eyes over the Byro magnetite project in WA, owned by Athena Resources, lately?

• A little over a year ago, iron ore producer Fenix stumped up $1m for some convertible notes in the junior, exercisable at 0.2c. Early this year, Fenix underwrote the entitlements offer, scooping up another $1.3m of stock at 0.4c

• That $2.3m total investment is now a 37.2% stake in Athena and worth $7m at latest prices

• Why are we curious? After missing out on CZR, Fenix is bound to do another deal. And when Fenix provided the convertible note funding last year, FEX’s MD John Welborn also became Chair of Athena. And a month ago, he was buying Athena shares ~0.46c each on market

• Maybe its small fish, but it’s on our watchlist for a potential corporate outcome in the medium term

• Cash flood accelerates the Mining Clock (Dryblower) Are we edging towards boom times?

• Fenner Dunlop makes millions riding mining conveyor belt boom (AFR) Gotta love the “pick’s & shovels” approach

• Day one for fix-it man Bundey as chair of MinRes (West)

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