CMM ($5.8B) - Capricorn released an updated PFS for the Mount Gibson gold project, WA, targeting 260koz pa steady-state over a 19.3-year life at AISC $1.9k/oz with $474m pre-production capex and Q3FY28 commissioning | ▲ 12%

NIC ($3.8B) - Nickel Industries reported US$120m June-quarter adjusted EBITDA, lower than Q1’s US$136m on planned RKEF downtime; mining contributed US$46m, RKEF US$60m

EMR ($3.6B) - Emerald reported 18m at 16.7 g/t gold from 535m at Okvau, outside the existing resource

SMR ($2.6B) - Stanmore quarterly saw it produce 5.1 Mt of ROM coal, up 27%, with saleable production of 3.3 Mt. Cash closed at US$138m (down from US$166m)

MLX ($1.4B) - Metals X's Renison (50%) produced 2.8kt tin-in-concentrate in the June quarter; cash +$14.9m QoQ to $374m, AISC $34.9k/t

VUL ($1.3B) - Vulcan commenced civil works for the 30MW geothermal plant at Lionheart in Germany, a lithium project targeting 24ktpa LHM

BMN ($721m) - Bannerman expects to complete the CNOL investment up to US$321.5m in Q3, targeting Etango uranium FID; earthworks 92% complete

DTR ($553m) - Dateline trading paused pending a NPCA proceedings announcement

SMI ($424m) - Santana intersected 24.4m at 10.9 g/t Au from 165.7m at Rise and Shine, reducing spacing to 20m

MM8 ($340m) - Medallion drilled 4.9m at 15.5 g/t gold from 394m at Ravensthorpe, extending Gem at depth

BM1 ($295m) - Ballard hit 9m at 27.1 g/t gold from 191m at West Knell, outside resource; Mt Ida MRE this quarter

NVA ($273m) - Nova said a USA defence EO aligns with 2027 antimony pilot at Port MacKenzie, backed by US$43.4m

CYM ($260m) - Cyprium says Nifty SXEW refurbishment is 50% complete with 6ktpa Cu cathode production targeted from Q3

WWI ($185m) - West Wits closed with cash of $32m

ENR ($132m) - Encounter hit 18m at 0.45% Cu from 96m at Elsa, defining +1km copper-gold target at Lamil Copper-Gold project

GML ($118m) - Gateway extended Cowza to 3.5km at the Yandal Gold project, WA, with 29m at 1.8 g/t gold from 72m

FAL ($96m) - Falcon secured regulatory approvals for maiden drilling at the Errabiddy gold project, and was awarded $180k EIS co-funding for Olsen Well

PTN ($68m) - Patronus hit 3.2m at 3.3 g/t gold from 325m at Tally Ho, extending mineralisation outside the resource

AON ($68m) - Apollo Minerals said a Toulouse court suspended a letter on the Couflens PER; the permit remains valid in France pending appeal | ▼ 9%

AGY ($65m) - Argosy reported SX pilot tests for the 12ktpa Rincon Lithium DFS that produced 99% LiCl at 94.4% yield

ARN ($64m) - Aldoro updated the Kameelburg MRE to 597Mt at 2.5% TREO Eq and declared a maiden 596Mt at 2.2% Sr resource

AUZ ($56m) - Australian Mines fast-tracked a PFS at the Flemington scandium project to evaluate ScO scale-up to 180tpa from 60tpa

CRI ($55m) - Critica reported 24m at 2,147 ppm TREO from 24m at Juno, with mineralogy consistent with Jupiter's, supporting flowsheet compatibility

AWJ ($40m) - Auric’s scoping study supports re-establishing the Burbanks 600ktpa plant and restarting Munda in the Goldfields, targeting 141koz gold over 56 months at AISC $2,843/oz, with $145m peak funding and first gold in early 2028

GA8 ($40m) - GoldArc outlined two >600m gold trends outside 200koz resource at Yttria, WA, with 4m at 0.95 g/t gold from 16m

CTO ($30m) - Citigold received a secured-loan default notice; after a forbearance deed, the lender alleges breaches and reserves rights, with refinancing ongoing | ▼ 9%

China sees gold imports surge as international prices slump (Bloomberg) ABC refinery queues die down, China increases buying…

Yindjibarndi group considers appealing Fortescue's compensation payout cultural site destruction (West)

Indonesian customs delays rare earths shipments, disrupting exports (Bloomberg)

Newmont targets 5Moz gold boost from Lihir in PNG by 2028 (Mining.com)

Gold Fields secures 5-year wage deal with unions at South Deep (MiningMX)

Ghana approves draft mining legislation with sliding-scale gold royalty regime (Reuters) Africa’s largest gold producer

GR Engineering secures $230m EPC contract for BHP's Ministers North iron ore development (West)

Barrick evacuates workers from Barriales camp in northern Chile by helicopter after severe storms (Bloomberg, FT)

EVN ($23B) / CNB ($141m) - Evolution will acquire Carnaby via a scrip-only scheme at 0.0682 Evolution shares per Carnaby share ($0.77; $213m) to integrate Greater Duchess with Ernest Henry, targeting ~10ktpa additional copper using latent mill capacity | CNB ▲ 63%

LYC ($15B) - Lynas and LS Eco Energy agreed a $29m‑each cross‑subscription of 5‑year convertibles to back a rare earths plant in Vietnam

PLA ($331m) - Pacific Lime & Cement said PNG’s Kumul acquired 13% of Central Lime for US$16.3m, with a 5% option

TLG ($148m) - Talga signed a non-binding LOI with Hanwa for graphite anode offtake from Vittangi

DLI ($115m) - Delta will acquire the Yinnetharra Lithium JV tenements from Reach for $400k cash and $400k in shares, terminating the earn-in

ASN ($73m) - Anson applied to acquire eight FFSL mineral rights blocks totalling 4.8km² at the Green River lithium project

AT4 ($60m) - American Tungsten & Antimony is in a trading halt pending an acquisition announcement

Gold Fields and HLB Mann Judd lead WA gold takeovers with $5.3B in top ten deals (West)

Investors fume over Forrestania’s Zenith bid; eyes on Takeovers Panel (AFR)

Cadillac Mines raises C$385m in Canada IPO, boosting mining-driven listing rebound (Bloomberg)

AngloGold shareholders approve US$2B share buy-back over 5 years (MiningMX)

STN ($257m) - Saturn Metals is in a trading halt pending a capital raise announcement

NST ($30B) - Elliott disclosed cash-settled swaps over 76.2m Northern Star shares

FRS ($636m) - Forrestania appointed Karen Wellman as independent NED

ZNC ($70m) - Forrestania lifted its stake in Zenith to 45.7%

ODY ($42m) - Odyssey director Levi Mochkin bought $171k of shares

AGC ($41m) - BW Okahu emerged with 48.3% in Australian Gold and Copper

Ferg’s Finds (Trader Ferg) Insightful as always

The Key Question on AI * - Part II (Le Shrub) Wait until te US govt panics on Chinese robotics…

Escape, Not Trade (Commodity Compass)

Weekly Watchlist (Respeculator) Chilean copper supply, crack spreads, energy reawakens, energy stocks still muted

Take one look at Capricorn’s Mt Gibson PFS this morning… puts into perspective quality development projects vs the pack

We are certainly no battery or chemical engineers, but we do have a chuckle every time we see a flood of sodium ion articles coming out whenever the lithium price seems to be a touch too high

That said, with CATL's Jiangxi coming mine back, Zimbabwe production normality closer, plus poor Chinese EV sales, there are a couple of headwinds in the space