The Pre-Start
SSRM.N (US$6.6B) - SSR Mining announced an additional US$500m share buyback, plus the reinstatement of a regular quarterly dividend | ▲ 10%
AII ($6.8B) - Almonty said 37% of a 12km program at Sangdong molybdenum project, South Korea, is complete with assays matching historical data
NIC ($4.1B) - Nickel Industries expects ENC HPAL MHP mid-July and nickel cathode mid-August, Apr–May EBITDA US$80m with US$70m distribution due July. It won’t proceed with the ONI matte converter
EQR ($1.2B) - EQ Resources started dewatering at Barruecopardo, Spain, to regain Phase 5 access (1.03Mt); ore feed targeted by end‑June | ▲ 8%
BNZ ($579m) - Benz confirmed ~95.5% 24h gold extraction at Icon (Glenburgh), with up to 93.3% from 0.1–0.3 g/t halo | ▲ 7%
A1M ($495m) - AIC Mines reported drilling at Jericho's Jolly shoot, the first mining area, including 9.2m at 4.4% CuEq from 105m
TCG ($485m) - Turaco Afema PFS outlines 200kozpa from 1.9Moz probable reserves, AISC US$1,508/oz, capex US$410m, post-tax NPV₅ US$2.1B at US$3,500/oz
DTR ($440m) - Dateline said the Federal Court hearing on US1 Critical Minerals' bid to transfer 252 REE tenements in the USA has concluded with judgment reserved; it will maintain the status quo meanwhile | ▲ 7%
GRX ($290m) - GreenX's study found Tannenberg matches Kupferschiefer mines and suits flotation, with 89% Cu & 86% Ag recoveries achievable
BOC ($257m) - Bougainville says the Autonomous Bougainville Gov’t granted a large-scale mining lease over the same land as EL01 | ▼ 31%
VTM ($200m) - Victory’s pilot plant delivered 7.1% rare earths concentrate, 40% HREE, a 59x upgrade on 1,195 ppm at North Stanmore
LAM ($190m) - Laramide's discharge permit for the Churchrock-Crownpoint uranium project advanced to public notice with New Mexico regulators
HGO ($180m) - Hillgrove hit 19m at 1.5% Cu from 287m at Kanmantoo, with Stage 2 FID targeted in H2 2026
AEE ($112m) - Aura said the Swedish Parliament removed municipal consent and nuclear-facility status for uranium mining, aiding permitting for Häggån
ASN ($83m) - Anson recast its Green River Lithium study as a scoping study: 10ktpa LCE, US$569m capex, US$3.8k/t OPEX, pre‑tax NPV₈ US$1.4B
CRI ($58m) - Critica targets Q3 completion of scoping studies for Jupiter & Mt Lindsay, after Jupiter produced ~58% TREO MREC, ~97% MREO | ▲ 5%
WCN ($49m) - White Cliff confirmed a copper zone outside Teshierpi Fault Zone at Rae, with 79.2m at 1.59% Cu from 67m | ▲ 7%
High Grade It
Argentina approves $9.7B Vicuna copper mine development by BHP & Lundin (Mining.com)
Rio Tinto tests AI on Pilbara trains; BHP explores automation in WA iron ore (West)
Hancock Prospecting cuts 300-500 jobs at Pilbara iron ore operations (AFR)
China mine disaster and Indonesia policy changes disrupt global coal market (Reuters)
New laws point to $5.6B BHP copper spend despite Indigenous opposition (AFR)
Aluminium prices hit lowest since March amid China economic data concerns (Bloomberg)
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Wheelin’ n Dealin’
Former CEO Gareth Penny leads race to acquire De Beers, a major diamond producer (Bloomberg) “3 private groups still interested”
Rattlin’ the Tin
SGQ ($435m) - St George raised $60m at 10c to advance Araxa, with Hancock subscribing $20m | ▼ 7%
NVRO.V (C$93m) - NVRO signed a non-binding HoA with Transamine for a US$25m package (prepayment, working capital & optional prepayment) to fund the launch of its copper cathode processing hub in the NT
Phoenix Tailings secures US$500m Pentagon loan for US rare-earth plant (Bloomberg)
Glencore & Trafigura to invest in Merdeka Gold $300m Hong Kong listing (Bloomberg)
Word on the Decline
So if you’re also wondering today how Bouganville Copper, a ~$300m company can be down 31%, here’s our read on the series of events.
BOC picks CMOC as preferred partner after its process
The Autonomous Bouganville Government, who owns 73% of BOC, says no, prefers Lloyds
Lloyds sets up PNG subsidiary and talks about a long-term mining/cooperation agreement for Panguna
BOC signs a non-binding 90-day cooperation agreement with Lloyds in April 2026. That agreement did not oblige either party to proceed with a binding deal
ABG then tells BOC that Bougainville Minerals has been granted LSML-01 over the same ground, suspending and subordinating BOC’s EL01
Bougainville will reopen Panguna, just unlikely through BOC. Unfortunate for the minority ASX investors… Sovereign risk has a whole new meaning with “autonomous governments”
Got Word on the Decline? Reply or email [email protected]. We will always take your privacy seriously.
Ownership & Oversight
NMG ($413m) - Malcolm McCusker lifted his NMG stake to 6.6%
STK ($250m) - Jin Huang bought $5m of Strickland shares off-market, lifting its stake to 7.4%
PGL ($139m) - Pilbara Gold appointed Martin Reed director; Robert Klug resigned
LSX ($120m) - Lion Selection lifted its Plutonic stake to 42% with a $1.6m investment
DRX ($70m) - Diatreme appointed Brian Flannery as Chair, with Wayne Swan remaining a non-executive director
ARD ($37m) - Argent appointed Mike McKevitt CEO
In the Weeds
Mining the Truth: Black Cladding (Strictly Boardroom)
How Nuclear Power Works (YouTube) Detailed walk-through of a nuclear reactor
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