NGEX.TO (C$6.5B) - NGEx hit 17.3m at 207.8g/t Au, including 2m at 1,740g/t Au in its latest drilling at Lunahuasi

ORE ($1.5B) - Orezone produced 39koz gold in Q1 at AISC of US$2.2k/oz, booked revenue US$186m and NPAT US$40m, closing cash US$48.3m

MC2 ($1.2B) - Marimaca ended Q1 with US$150m cash (+US$83m QoQ) but says it lacks funding for the MOD build post-FID

WA1 ($1.2B) - WA1 kept Luni MRE at 220Mt at 1% Nb₂O₅, with indicated up 20Mt to 93Mt for ore reserve studies

LRV ($803m) - Larvotto's tests on 1.4Mt tailings at Hillgrove recovered 80–95% antimony and 40–75% gold, supporting use as supplementary plant feed

FRS ($600m) - Forrestania updated the Johnson Range MRE to 2Mt at 2 g/t gold for 131koz, up 26%

ASL ($504m) - Andean Silver reported near-plant vein extensions at Cerro Bayo, hitting 1.2m at 1,681 g/t AgEq

MM8 ($346m) - Medallion logged 5.3m at 33.3 g/t gold and 1.7% copper at Kundip, supporting underground development in Aug 2026

ANDC.C (C$338m) - Andina Copper intersected 152m at 0.67% Cu from 54m, within 272m at 0.5% Cu

CEL ($329m) - Challenger’s suspension was extended pending Hualilan PFS outcomes

AUE ($292m) - Aurum lifted Boundiali MRE to 107Mt at 1 g/t gold, with Indicated up 24% to 1.7Moz; PFS due this quarter

BGD ($239m) - Barton confirmed Central Gawler Mill is suitable for recommissioning, with tailings reprocessing feasible

HGO ($150m) - Hillgrove's Kavanagh drilling at Kanmantoo hit 15m at 2.05% copper from 152m

CNB ($149m) - Carnaby discovered a Footwall Lode at Trek 1: 19m at 7.1% CuEq from 256m, outside MRE

AA2 ($107m) - Ariana confirmed gold mineralisation extends ~150m beyond the Dokwe North resource envelope

STM ($87m) - Sunstone drilled 250m at 0.4 g/t AuEq from Melonal, outside the 3.6Moz Bramaderos resource

ESR ($82m) - Estrella reported a 621Mt inferred limestone MRE at Werumata, at 69.8% ANC

BCA ($64m) - Black Canyon reported 41–45% manganese at 73–82% recovery from HLS at Wandanya; DMS scale-up planned to inform a scoping study

OD6 ($55m) - OD6 reported historic drilling at Horseshoe in Quinn with 14.3m at 70.9% CaF₂ from surface

GA8 ($41m) - GoldArc received a default notice from Kookynie East vendors alleging a verbal-condition breach; it disputes it

AAU ($33m) - Antilles Gold will revise the Nueva Sabana PFS for higher diesel/power costs including 10MW generators; EPC is ~20% complete

EMC ($30m) - Everest reported a maiden 15Mt at 0.54 g/t gold MRE at Revere for 261koz

TG6 ($28m) - TG Metals achieved >90% heap-leach recoveries on Van Uden 1.1Mt gold laterite, targeting an FID in Q3 2026

EVR ($27m) - EV Resources dry-commissioned all three ball mills at Tecomatln and signed an MOU for ~500t/week of ~5% antimony ore

UM1 ($24m) - Unity Metals hit 9.9m at 1.9 g/t gold at Srolao and confirmed Ngot NE mineralisation

LSR ($23m) - Lodestar's Neds Creek RC program confirmed the mineralisation model, with first assays 15m at 1.5 g/t gold from 151m

Copper prices surge to record US$6.69/lb amid global supply constraints (Bloomberg)

Chinese firms warn Indonesia's nickel quotas and tax hikes threaten investment (Reuters)

Agnico Eagle plans $10B investment in Ontario gold assets, including Detour Lake underground project (Bloomberg)

KGHM triples core profit to $1.5B driven by Polish unit growth (Mining.com)

Albemarle books $820m charge for closing Kemerton lithium refinery (AFR)

Paladin shares dropped 10% after interim FY26 financials release (BN)

China maintains 50% reduction in rare earth exports amid Xi-Trump discussions (Reuters)

BHP CEO Brandon Craig prioritises copper acquisitions for growth beyond 2035 (Bloomberg)

EQX.NY (US$11B) - Equinox acquires Orla for US$5.1B mostly in scrip, forming a 1.1Mozpa producer anchored by 3 Canadian gold mines. The joint group is capable of US$1.4B in free cash flow this year on current estimates

MI6 ($1.8B) - Minerals 260 will acquire JV interests over 350km² around Bullabulling for $7m

KCN ($1.8B) - Kingsgate bought royalty and water rights at Nueva Esperanza for US$21.6m, removing NSRs and US$2m p.a. pre-production payments

AQI ($240m) - Alicanto agreed earn-ins over Falun, Greater Falun & Sala for up to $9m cash/shares plus ~$12m exploration spend, and will buy adjoining Mt Henry tenements

DRE ($109m) - Dreadnought will sell its Mid‑West option to Catalina

LKY ($53m) - Locksley entered a 9‑month option to buy Iron Duke from Sky Metals for $100k, $500k on exercise and $500k milestone

PEN ($186m) - Peninsula halted pending entitlement offer outcome and debt financing

Arafura secures funding and US offtake for Nolans rare earths project (BN)

Wiluna is back, somehow, and this time the corpse has a bid-ask spread.

On one side sits the “just get the bloody thing listed” camp, Byrnecut, Delphi / Deutsche Balaton, management, existing holders and the bankers, trying to recapitalise and relist it.

On the other sits Creasy (via AIM), lobbing court action, meeting requisitions and selective share offers into the process to prevent a listing in every possible way. Why? Because it would mean eventually paying more, we think.

AIM previously put forward a $350m whole-company proposal in November. That went nowhere. Then AIM was buying shares from holders at 50c in February.

Byrnecut is now buying at 72.5c subject to an upcoming spicy EGM.

AIM has lobbed 75c at selected holders, and we hear they’ve just scooped up another 1.2% taking them to 10%. BDO’s preferred valuation is 98.9c.

For a company that does not trade on screen, Wiluna is doing a decent impression of price discovery.

Wiluna has been a graveyard for capital. But it is a graveyard with a tantalisingly large gold inventory.

Creasy has been patiently circling forever. In the Apex days, his Bogada Bore was already being discussed as potential feed for Wiluna’s refractory plant.

At $4,600 gold, even the ghosts have NPV.

WAF ($3.7B) - L1 bought $29m in West African, lifting its stake to 12.4%

SRL ($2.1B) - SailingStone sold $15m of Sunrise, cutting its stake to 6.8%

DYL ($1.7B) - Paradice sold 12.3m shares of DYL, trimming to 7.2%

AIS ($533m) - Soul Patts sold $8.2m of Aeris, reducing to 15.5%

AUC ($501m) - Ausgold appointed Ben Stockdale CEO & Reece Olney GM Operations

TM1 ($288m) - Tribeca lifted its Terra Metals stake to 13.6%

SPD ($208m) - Robert Keith bought $3.2m of SPD, lifting his stake to 16.8%

AEU ($149m) - Atomic Eagle director Grant Davey bought $100k of shares

MMA ($84m) - Maronan MD Richard Carlton will step down effective 1 Dec 2026

OR3 ($72m) - Strata became a substantial holder in Ore Resources at 7.9%

EVZ ($67m) - EVZ chair Graham Burns sold 5m shares on-market for $2.7m

ROI not AGI with Leonid Mironov (Market Huddle) Energy, China, Lithium

Rinehart & Bennett continue court battle over Hope Downs royalties (The West)