The Pre-Start
WHC ($7.3B) - Whitehaven completed its $32m on-market buy-back, repurchasing shares up to $9.72
MAU.TO (C$7.1B) - Montage increased Koné resources by 58% to 6.2Moz gold, with grade up 27% to 0.8 g/t | ▲ 10%
BGL ($2.0B) - Bellevue is on track to beat the midpoint of FY26 130–150koz gold guidance and meet AISC guidance of $2.6k–$2.9k/oz
A4N ($1.1B) - Alpha HPA reported ~12.4ktpa of HPA and aluminium LOIs, including 5ktpa for Li-ion batteries and further semiconductor volumes | ▲ 12%
A1M ($495m) - AIC Mines installed the ball mill at Eloise, keeping 1.1Mtpa expansion on schedule for Dec 2026 quarter commissioning
AMI ($491m) - Aurelia completed a PFS for the New Occidental Tailings project, modelling NPV₈ $42m for $3m capex & declaring a 2.3Mt at 0.64 g/t Au maiden reserve
AUC ($449m) - Ausgold reported 26m at 3.03 g/t gold from 79m at Katanning and will start 25km infill drilling
HCH ($385m) - Hot Chili reported 391m at 0.51% CuEq from surface at La Verde
MTM ($354m) - Metallium completed its first multi-unit FJH commissioning in Texas, running three reactors at 83% availability and ~100% utilisation
SURG.C ($278m) - Surge Copper’s Berg PFS returned an NPV8 of C$4.6B and 24% IRR at US$4.75/lb Cu, with C$4.7B initial capex, a 28-year mine life, maiden reserves of 1.2Bt at 0.22% Cu, and LOM average production of ~140ktpa CuEq
BGD ($222m) - Barton expanded Phase 2 RC drilling at Tunkillia to ~40,000m after interim analysis, with a PFS targeted by end-2026
ENR ($140m) - Encounter lodged a Mining Lease for Aileron
AEU ($133m) - Atomic Eagle extended mineralisation at Chisebuka in the Muntanga Uranium project, Zambia, with 12.8m at 237 ppm eU₃O₈ from 41m
VAL ($111m) - Valiant extended mineralisation ~400m below the South Emu-Triton MRE with 34.2m at 3 g/t Au from 1008m | ▲ 7%
CRS ($70m) - Caprice reported 94% gold recovery using gravity+CIL on a 13.3 g/t Vadrians composite at the Island Gold project
POD ($42m) - Podium extended Parks Reef to ~450m depth beyond 250m MRE, with 27.7m at 2 g/t 5E PGM from 411m
RCM ($37m) - Rapid was granted a 5-year BC permit for Prophet River gallium-germanium
FRB ($34m) - Firebird placed all long‑lead orders for the demonstration plant, triggering an ARENA milestone payment; equipment due Q4 2026
OD6 ($33m) - OD6 Metals says Horseshoe at Quinn Fluorspar averages 70.9% CaF₂ meeting Metspar spec
High Grade It
Minerals Council warns Australia risks 1970s-style strikes as unions target BHP, Rio, Fortescue iron ore exports (Australian)
Newmont embroiled in $100m capital gains tax dispute in Australia (BN)
China slams Indonesia investment climate over nickel curbs (FT)
ERA ($811m) - The Federal Court cleared Rio’s compulsory acquisition of ERA
AIS ($449m) - Aeris secured Peel shareholder approval to acquire 100% of Peel
ASM ($345m) - ASM said independent expert BDO reaffirmed the Energy Fuels takeover schemes as fair and reasonable despite the bidder's share-price fall
PC2 ($343m) - PC Gold will acquire explorer Terracore for $450k in shares, adding ~67km² of adjoining tenure to Spring Hill
SLS ($250m) - Solstice started a strategic review of its Eastern Goldfields projects, considering sale or demerger
ERM ($196m) - Emmerson shareholders approved the takeover by Pan African
CY5 ($165m) - Cygnus exercised options for 100% of Sakami and Beryl Lake in Quebec (~$200k)
DLI ($122m) - Delta acquired the Morrissey Hill and Camel Hill tenements from Reach for $800k (half cash, half shares)
FLG ($60m) - Flagship in a trading halt pending exploration-project acquisition
LEL ($39m) - LE Minerals and MBM completed DD and issued notices to proceed for a $20m sale of Queensland graphite projects
Elliott intensifies campaign against Northern Star with former executive's assistance (Australian)
South32 evaluates options for its 63.7% stake in Mozal aluminium smelter in Mozambique (MiningMX)
NVX ($203m) - Novonix is in trading halt pending a capital raise announcement
KSN ($34m) - Kingston entered voluntary suspension pending a capital raising update after scrapping the underwriting of its 11 June entitlement offer. Now raising $12m at 3.5c | From bad to worse…
MMG seeks $1.6B via share placement and convertible bond sale to repay debt (Mining.com)
St George seeks $60m for Brazil rare earths project backed by Gina Rinehart (AFR)
Ownership & Oversight
NEM ($146B) - Newmont appointed Brian Tabolt CFO, Mark Rodgers COO and David Thornton CTO
AZJ ($7.3B) - L1 sold $107m of Aurizon shares, trimming its holding to 6.3%
ORE ($1.5B) - Helikon bought $33m of Orezone, lifting its stake to 12.3%
AQI ($234m) - Alicanto appointed Sara van den Hoogen General Counsel and joint company secretary
ASN ($83m) - Gabriel Nominees took a 5.2% stake in Anson and, with associates, requisitioned a s249D meeting to remove directors
AT4 ($71m) - American Tungsten & Antimony director Chris Gregory resigned
KLI ($44m) - Killi appointed Hamish Halliday as director, holding 6m shares
In the Weeds
149 Days to go, the Worst Case; More Hot Air from Hastings; Arafura in Trouble (TREO)
Aussie lithium know-how helps Europe gain ground on China (AFR op-ed)
China Built the Last Steel Boom. India’s Will Be Different (Bloomberg)
Correction (Myrmikan) Gold research
‘So egregious’: Gina Rinehart v the country music star (AFR) Grassy Mountain showdown
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Devil’s in the Detail
Solstice today vs Orecorp in February 2022


At this point, the assets should probably have their own ASX listing frequent flyer status.
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