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- Greatland Feels the Heat, Manono Fight Comes to a Head
Greatland Feels the Heat, Manono Fight Comes to a Head
Quake-induced accident at El Teniente ends in disaster, AMEC calls for mining & renewables to co-exist
The Pre-Start
Catalyst lifted the underground resource at Trident to 795koz at 5.3g/t, with two-thirds in the indicated category (CYL)
Kingsgate reported record monthly production at Chatree with output of 8.7koz Au and 64koz Ag (KCN)
WA1 shared metallurgical results, returning a niobium oxide sample grading 96.8% Nb2O5 at 91% recovery from unrefined concentrate, from the proof-of-concept demonstration for conventional processing (WA1)
Wildcat announced a new greenfields discovery at Bolt Cutter Central, with results such as 20m @ 1.7% Li2O from 43m (WC8)
Gorilla published an resource upgrade for Mulwarrie, comprising 3Mt @ 3.6g/t for 350koz (GG8)
Lake shared an updated Kachi DFS, with revised numbers including capex of US$1.16B, opex of US$5,895/t LCE, NPV10 of US$1B (assuming US$20.5k/t) for an IRR of 19.7% (LKE)
Minerals 260 has appointed a new COO in Jack Dermody, and new CDO in Russell Brooks (MI6)
Javelin revised its mining plan for Eureka which sees an uplift to recoverable ounces of 15% to 39koz gold (JAV)
More drill hits out on Day 1 of Diggers:
Benz hit 154m at 1.1g/t gold from 76m inc. 5m at 22g/t (BNZ)
Waratah hit 208.7m @ 1.17 g/t gold from 514m inc. 89m @ 1.96 g/t (WTM)
Patronus hit of 12m at 12.4g/t gold from aircore at Cardinia (PTN)
Torque hit 15.5m @ 12 g/t gold from 495m at Paris (TOR)
Minerals 260 hit 7m @ 8.8g/t gold at Bullabulling (MI6)
Somerset hit 42.7m @ 2.69% copper from 15.2m (SMM)
Vault hit 1.29m @ 282g/t gold at Sugar Zone (VAU)
Koonenberry extended the mineralised zone with a hit of 60m @ 0.7g/t from 105m (KNB)
High Grade It
Greatland is feeling the heat from investors and curious regulators after it warned it would not meet its production guidance for the next year, given the timing of the prospectus being lodged in late May (AFR)
A major collapse at a key new section of Codelco’s biggest mine, El Teniente, has left 6 miners dead. The tremor-induced accident has raised questions about its safety standards & ability to meet production goals (Reuters, Bloomberg)
AVZ boss Nigel Ferguson has broken his silence, as key players in the fight for Manono gather in Perth, including KoBold & Pei Zhenhua (Australian)
Miners are pushing the Albanese gov’t for consistent land access rules, claiming they have been relegated behind renewables promoters (Australian)
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Wheelin’ n Dealin’
Peabody is ready to go to arbitration to escape a $5.9B agreement to buy Anglo’s QLD coal mines in the belief the value of the assets was diminished by an underground fire (AFR)
New Murchison Gold has rejected a takeover approach from $400m Meeka Metals, according to Dataroom (Australian)
Coronado is believed to be preparing to launch a formal asset sale process this month after talks with prospective buyers, including Tata steel, failed to result in a deal (Australian)
Executives from Canada’s largest miner, Agnico Eagle, have been spotted inspecting Bellevue Gold’s flagship project, fuelling speculation (Australian)
Medallion’s acquisition of Forrestania from IGO is now binding, including Cosmic Boy concentrator and all FNO tenure (MM8)
WIN Metals is acquiring the Radio gold mine near Southern Cross for ~$900k in cash and shares upfront plus 5% NSR on the first 18koz gold, stepping down to 1.5% thereafter (WIN)
Rattlin’ the Tin
Word on the Decline
With the flurry of secondary listings in the pipeline as North American listed MiningCo’s seek the ASX investor base, how long will it be before the Canadian investment banks acquire local market share in Australia?
It’s six years since Canaccord acquired Pattersons and we think it’s been enormously profitable
We think the likes of BMO, Scotiabank, CIBC, etc must be mulling the merit of a similar strategy
Do you have some Word on the Decline? Reply to this email or shoot a message to [email protected] directly. We will always take your privacy seriously.
In the Weeds
Mining’s New Moguls (AFR) A cracking article from 22 years ago by Tim Treadgold, featuring comments from giants including Mark Creasy, Kerry Harmanis, Josh Pitt and more
BYD is already beating Tesla. It’s new Europe playbook shows why it’s poised to dominate the EV race (Fortune) A great exploration of how BYD has come to dominate - and where it’s heading
The city that WA’s gold rush forgot (AFR) On the state of Kalgoorlie, & its water, housing & power challenges
How ex-Azure Minerals CEO Tony Rovira went looking for nickel but found lithium Gina Rinehart wanted to buy (West)
Today’s Top Tweet
So many discovery announcements this morning, a special event must be starting today. ⛏️
— Scott North (@ScottNorth64736)
10:42 PM • Aug 3, 2025
A finance masters student could write a thesis on the conference discovery effect
Devil’s in the Detail
We couldn’t help but have a laugh reading Kaiser Reef’s announcement this morning.
Does the below not read like the follow-up announcement you’d share if you weren’t happy with the share price reaction to your earlier update?
Catch up on our latest episode
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