FMG ($47B) - Fortescue shipped 46.8Mt iron ore in Q1; sales 42.9Mt due to CMRG talks; cash -US$1.9B QoQ to US$3.2B, net debt US$2.8B; FY27 guidance maintained but operations may be affected if talks slip past year‑end

GMD ($8.3B) - Genesis produced 72.1koz gold at AISC $2,966/oz, cash $598m (+$78m QoQ), with FY27 guidance maintained at ~285koz, AISC $2,750-3,050/oz | In line with expectations

VAU ($6.1B) - Vault produced 76.8koz gold at AISC of $3.5k/oz, generated $45m free cash flow and closed with $887m cash and bullion, with FY27 guidance at ~365koz and AISC of $3.3k/oz | Generally soft Q

NIC ($2.9B) - Nickel Industries posted US$126m Adjusted EBITDA; ENC produced first MHP and nickel cathode and secured US$245m project finance, while water shortages cut RKEF output to ~75% and delay ENC’s full ramp-up

PNR ($1.1B) - Pantoro produced 21.9koz gold in the quarter, cash and bullion +$16.6m QoQ to $240m; guidance maintained at 90–105koz

FRS ($839m) - Forrestania signed a binding ore purchase with Star Minerals, securing exclusivity over up to 400kt from Tumblegum Gold for processing at Edna May over 24 months

BTR ($754m) - Brightstar reported 305m at 1.33 g/t gold from 584m, extending mineralisation below the current MRE at Sandstone | ▼ 6%

AIS ($690m) - Aeris updated the Golden Plateau MRE to 3Mt at 2.1 g/t gold, a 220% Au increase vs the prior estimate

NMG ($632m) - New Murchison declared a 0.25c fully franked dividend ($27m)

A1M ($616m) - AIC produced 3.1kt copper and 1.6koz gold in the quarter, cash -$4.5m QoQ to $37m, FY27 guidance maintained

TVN ($399m) - Tivan moved towards an IJV with Sumitomo for the Molyhil tungsten project (up to $50m equity), targeting Q4 CY26 execution; it also received $3m IPCM funding for the Speewah fluorite DFS

CRN ($285m) - Coronado cut CY26 guidance to 14.0–14.5Mt saleable (from 16–17Mt) and US$105–110/t mining cash costs (from US$88–96/t)

TSO ($164m) - Tesoro hit gold 300m beyond Ternera MRE limits and expanded Ternera East drilling to >1km of strike

FEX ($162m) - Fenix shipped 1,097k wmt iron ore, cash $43m (-$38m QoQ); FY27 guidance 4.7–5.3Mt and C1 $70–$80/wmt maintained

AR1 ($157m) - Austral drilling returned 15m at 4.59% Cu and 1.16 g/t Au from 40m at Waterhole, Cameron River

FAL ($127m) - Falcon's aircore at Corfu within the Pyramid Hill Gold project, Vic, returned 22m at 1 g/t gold from 9m

MKR ($97m) - Manuka received $1.6m from 16 Oct shipment totalling 267oz gold and 453oz silver from Wonawinta, with weekly deliveries scheduled

BVR ($64m) - Bellavista reported assays from Pickle Crow: 12.2m at 2.6 g/t Au from 116m, targeting open pit potential to 260m within the 1Moz resource | ▼ 14%

PNN ($61m) - Power Minerals returned 50m at 9% TREO from surface at Morro do Ferro, with rare earths mineralisation to 190m | ▲ 10%

COD ($40m) - Coda's residue flotation at Elizabeth Creek recovered 83% of remaining cobalt into 4% mass, enabling PFS inclusion of cobalt

ARI ($40m) - Arika secured $211k EIS co-funding for deep diamond drilling at Pennyweight Point

KSN ($39m) - Kingston reported 3m at 4.73% Cu and 6.08 g/t Au from 119m at Mineral Hill, NSW

NMT ($25m) - Neometals reported 22.9m at 2.7 g/t Au from 137m at Ironclad (Barrambie)

CATL and China's battery makers invest abroad amid rising protectionism (FT)

Fortescue sacks top exec after harassment, bullying investigation (AFR)

Northern Star CEO Suresh Vadnagra commits to transparency and investment discipline amid takeover interest (BN)

Fortescue warns China standoff with CMRG risks full-year iron ore sales (Bloomberg)

CMRG secures new annual iron ore supply contract with Rio (Mining.com)

Chile plans five new lithium tenders to double output within a decade (MW)

Genesis launches $1B asset sale after $5.6B acquisition of Vault Minerals (Australian) Sugar Zone, Deflector, Mt Monger

FRS ($839m) - Forrestania declared its takeover of Zenith unconditional, holding 59% and issuing shares within 14 days; offer closes 12 Nov

EUR ($662m) - European Lithium set the scheme ratio at 0.045 Critical Metals shares per EUR share after VWAP hit the floor

LMG ($49m) - Latrobe Mag signed a non-binding LOI to buy a 250-acre South Carolina, USA site for a 50ktpa magnesium plant for US$5m

LEL ($32m) - LE Minerals proposes to sell Axon Graphite to M Battery Materials for $20m (cash $2m–$5m; balance in MBM shares at 50c), subject to MBM's ASX listing

ETG.TO (C$580m) - Entrée is raising C$32m at C$2.90 with free C$3.95 warrants. Tether joins as strategic investor, with board rights at 15%. Funds to potentially pursue copper royalties and streams

NVA ($176m) - Nova said a US$249m US grant will complete the Port MacKenzie rail link to its planned antimony processing hub | ▲ 10%

POL ($168m) - Polymetals lifted its working capital facility with Ocean Partners to US$20m (up US$10m) at 5% after lower Sept quarter revenue

NVX ($79m) - Novonix paid US$7m under its convertible facility floor-price clause, cutting debt to US$21m, with 20% repayments while VWAP below $0.12

BOA ($56m) - BOA raised $9.2m at 10.5c to fund drilling at the Neds Creek Copper project, WA | ▼ 12%

Merdeka Gold to raise $559m via share sale amid Indonesia market turmoil (Bloomberg)

Far East Gold shareholders have handed Xingye a decisive defeat. At yesterday’s meeting, a whopping 82% of the register voted, removing Xingye’s three board allies.

Strip out Xingye’s 35% and about 99.5% of votes backed the board.

It is a fitting rebuke to an attempted theft of the company without a control premium in our opinion. Xingye built its stake with a 13c bid worth a fraction of the independent valuation, and the JV partner’s suspicious sale into the lowball offer.

Xingye’s own attempt to spill chairman Justin Werner and chief executive Shane Menere on 3 November now looks doomed. If Xingye wants the board, it should pay for the company instead of steal it.

Don’t be stingy, Xingye.

WEC ($163m) - White Energy appointed Dan Clifford COO

OCN ($70m) - Stephen Parsons and Michael Naylor added pro-rata ~$175k each via 36c placement in Oceana

FEG ($48m) - Far East Gold EGM removed directors Monique Tang, Justin Hastings and Michael Thirnbeck

TG6 ($25m) - Forrestania bought $528k of TG Metals shares, lifting to 17.6%

Shareholder Yield as a Floor? (Trader Ferg) Look at the energy names

Monthly Fund Performance (AusYield) Sept a very tough month

Praetorian Capital (Q3 Letter) “There is a growing realization that the AI buildout was a massive misallocation of capital”

If our coverage of the Matsa Disaster yesterday piqued your interest, then add this finding to the mix…

Catalyst Metals, through its subsidiary WAEX Pty Ltd, is the main plainter on Matsa ground.

WAEX’s first batch was lodged on 1 September, 11 days into Matsa’s trading halt and suspension, before Blue Cap suspended mining on 9 September and appointed receivers on 11 September.

We would guess that Catalyst was one of the two “solvent proposals” provided on 3 September, disclosed in the DIRRI…