IGO ($6.8B) - IGO reported a fire at Greenbushes CGP3, no injuries, FY26 guidance unchanged at 1.4Mt spodumene con

SX2 ($2.8B) - Southern Cross reported 36.6m at 4 g/t gold and 1% Sb from 700m at Sunday Creek | ▼ 6%

DVP ($2.1B) - Develop made FID on Sulphur Springs and Pioneer Dome and secured US$400m Trafigura funding; first DSO sales Dec 2026

GNG ($989m) - GR Engineering named preferred EPC contractor by Develop for 1.5Mtpa Sulphur Springs, $295m; early works underway | ▼ 5%

CXO ($874m) - Core Lithium sold 25kt of lithium fines from Finniss to Glencore at ~US$270/t CIF | ▼ 6%

LRV ($690m) - Larvotto signed a 7-year gold concentrate offtake with Glencore for Hillgrove, covering ~15kt a year

TVN ($681m) - Tivan secured a $141k grant from the NT gov’t to co-fund 3 diamond drill holes at the Molyhil Tungsten project | ▼ 10%

RXL ($632m) - Rox signed a fixed-price EPC with Interquip for the Youanmi gold mine plant, targeting first gold mid‑CY27 | ▼ 5%

TM1 ($356m) - Terra reported 100m at 1.06 g/t PGE₃ from 200m at Southwest

CEL ($355m) - Challenger’s PFS for Hualilan outlines a 14.3-year, 1.8Moz AuEq operation with pre-production capex of US$232m, post-tax NPV₅ of US$1.1B at US$3,500/oz Au, AISC of US$1.6k/oz and 2.3 years payback | ▼ 7%

TRE ($314m) - Toubani said the Kobada gold project remains on schedule for first gold in Q3 2027, with 59% of capex committed | ▼ 10%

WWI ($215m) - West Wits reported a contractor fatality at Qala Shallows

EL8 ($121m) - Elevate updated the Marenica MRE to 135Mt at 180 ppm U₃O₈ (52.8Mlb), up 31%, as infill drilling progresses to indicated | ▼ 6%

GHM ($111m) - Golden Horse confirmed ~500m of strike at Hakes Find, with 6m at 5.9 g/t gold from 34m

FLG ($71m) - Flagship retracted its +10-year heap-leach 'aim' as a non-compliant LR 5.16 production target

MTH ($52m) - Mithril hit 7.3m at 4 g/t Au and 225 g/t Ag from 376m, with an MRE update due late June

CKA ($50m) - Cokal received RKAB approval, targeting a mid-June restart and a 10kt coking coal shipment by end-June | ▲ 6%

WCN ($40m) - White Cliff reported 19.8m at 6.6% Cu from 152.4m at Danvers, confirming 2.6km strike at Rae | ▲ 27%

FUN ($38m) - Fortuna targets a maiden MRE in early July for Mkanda rutile & graphite, after a 5.4t sample yielded 66kg HMC at 1.22% rutile

AAU ($36m) - Antilles Gold's 50%-owned JV Minera La Victoria in Cuba was designated an OFAC by the US; Antilles suspended JV participation and funding, and trading in its shares

NVO ($31m) - Novo reported 760kt at 3.6 g/t gold (87koz) inferred at Leven Star Reef within the Belltopper project

Australian steel industry battles for survival against subsidised Chinese imports (Australian)

US asks China to resume rare-earth exports to Japan (Nikkei)

Gold extended a decline, down to US$4,210/oz, after the US launched fresh strikes against Iran (Bloomberg)

Tsingshan proposes multi-billion dollar nickel industrial park in Madagascar amid Indonesian policy shifts (MiningMX)

Brazil’s aim to become a rare earths leader is running head-on into budget cuts and staffing shortages at its regulator (Bloomberg)

Pan African to join ASX top-10 gold miners with Emmerson takeover (AFR)

MAU ($576m) - Magnetic obtained Court approval for the scheme under which Genesis will acquire 100%, with implementation due 22 June

SGQ ($454m) - St George will acquire Amperex Tech's 3m shares in Lithium Star for 12.5m shares ($2m)

DRX ($80m) - Diatreme completed the sale of the Cape Flattery Silica project into its JV with Sibelco, receiving $2m as Sibelco injected $5m | ▼ 12%

TOE ($69m) - Toro holders approved IsoEnergy's 100% scheme with 92.9% of votes cast in favour | ▼ 10%

India explores Russian coking coal and nickel assets with SAIL and NMDC (Reuters)

Elliott pressures Northern Star for strategic review amid CEO search complications (Australian)

AII ($7.9B) - Almonty closed a US$800m 2.25% convertible notes due 2031 offering (net US$773m), with the over-allotment fully exercised | ▼ 15%

AQI ($277m) - Alicanto raised $30m at $1.55 to fund Mt Henry drilling

BGD ($200m) - Barton Gold raised $26m at $0.85 for Challenger gold DFS

PEN ($196m) - Peninsula signed a US$30m convertible note facility with Soul Patts affiliate

Eldorado invests C$100m in Amex as Perron project boosts gold output by 47% (Mining.com)

We have heard a number of times that Alcoa got pretty close to buying South32’s Worsley Alumina business last year before discussions cooled. We don’t know where those are at today.

South32 owns 86% of Worsley, which threw off more than US$1B of EBITDA in FY25. EBITDA is nice but its cash that is required to fund Hermosa without testing shareholders’ patience. Combine that with the broader ambitions of the business to become a copper company…

For Alcoa, Worsley only makes sense if it can lift returns across the surviving WA system. And there are lots of moving parts in that equation: gas contract roll-off, tougher bauxite approvals, carbon pressure and the awkward business of mining the right ore to keep refinery chemistry happy.

AII ($7.9B) - Almonty director Thomas Gutschlag resigned | ▼ 15%

ERM ($203m) - Weiss AM sold $4m of Emmerson shares, falling below 5%

PGL ($125m) - Pilbara Gold appointed Martin Reed as NED, named Jeff Bowen Study Manager, and moved Robert Klug to Chief Legal & Financial Officer

BVR ($82m) - Bellavista named Darren Cooke NED; Michael Wilson resigned to become technical consultant

Terra Capital acquired a 14.9% stake in Oceltip Coal 2 in Queensland (AFR)

Nickel recovers — until the next Chinese glut (Dryblower)

Illiads & Odysseys (Alexander Chartres) RIP Pax Americana, 1945-2025. Fantastic framing for 2026. 10-min video at the bottom of the article

Copper: AI Hype or Supply Squeeze? (Goldman Sachs Vid) “Copper is a commodity proxy for the AI trade + tariff potential” Also talks Ag, Au, Al

The votes are in from Almonty’s AGM, and the results aren’t pretty

Canadian businesses don’t allow for a direct vote on the rem report, as we do here in Australia, so shareholders air their dissatisfaction by voting directly against directors - add to that other factors that have rubbed them the wrong way over the past year

The results speak for themselves!