The Pre-Start

  • MIN ($13B) - MinRes will place the Lucky Bay garnet project into care and maintenance and expects a $40m non-cash impairment

  • RMS ($5.7B) - Ramelius's Roe project won't face EPA assessment and will proceed via Part V approvals, with works planned for late 2026

  • PDN ($4.4B) - Paladin announced the Atlas discovery at Patterson Lake South (PLS), with 14.5m at 1.7% U₃O₈ from 190.5m, 3.5km south of Triple R

  • TEA ($2.5B) - Tasmea guides FY27 EBITA $202–$208m, NPATA $128–$132m; assumes Maxim and JPS contributions

  • RSG ($2.2B) - Resolute will receive $77m from repayment of the Ravenswood vendor note by 30 June

  • MI6 ($2.1B) - Minerals 260 drilled 20m at 3.4 g/t gold from 93m at Bullabulling ahead of an August MRE update

  • LRV ($654m) - Larvotto hit 8m at 16.1 g/t AuEq from 301m at Midas, Hillgrove

  • NMG ($478m) - New Murchison updated the Garden Gully MRE to 4.4Mt at 2.5 g/t Au (359koz), up 29% vs Nov '24

  • 29M ($455m) - 29Metals hit 29.8m at 16.9% Zn from 456.5m at Oizon, Golden Grove, with first ore targeted end-2026

  • ANDC.C (C$310m) - Andina intersected 186m at 0.50% Cu from 38m, within 502m at 0.40% Cu. Extends Shallow Mineralisation to the NW

  • PSC ($245m) - Prospect reported Kabikupa metallurgical testwork at Mumbezhi Copper project: 31.9% Cu at 94.7% recovery and 25% Cu at 94.3%

  • TGM ($243m) - Theta Gold advanced TGME gold plant construction: >50% of concrete poured, structural steel erection underway; ball mill due July 2026

  • STK ($237m) - Strickland received an ATO class ruling on its in-specie distribution of Gateway shares, confirming a $0.014852/share capital return

  • CYM ($237m) - Cyprium started pre-commissioning at Nifty commissioning the acid terminal and resuming sulphuric deliveries, first since 2006 | ▼ 10%

  • LOT ($180m) - Lotus paused production at the Kayelekera Uranium Mine amid acid supply issues, is pursuing funding including a US$30m Mercuria prepay, and warned 2H CY2026 1Mlb U₃O₈ offtake may slip; suspension extended to 16 July

  • ARN ($85m) - Aldoro reported 542.9m at 1.38% TREO, 4.08% SrCO₃, 0.20% Nb₂O₅ and 306 ppm Mo from surface at Kameelburg

  • YRL ($80m) - Yandal reported 11.3m at 1.1 g/t gold from 214m in the first diamond hole at Flushing Meadows

  • PGO ($52m) - Pacgold poured 97oz gold at White Dam and is evaluating a late‑2026 Vertigo pit restart; leachate yet to reach plant

  • AUQ ($36m) - Alara marked the 50th copper shipment from Al Wash-hi Majaza, Oman, taking totals to 62.7kt wmt and 11kt Cu

High Grade It

  • Gold & Silver prices fall to 7-month lows (Forbes)

  • China's foreign minister urges swift reopening of Strait of Hormuz for global trade, Xinhua reports (Reuters)

  • Rio targets 200kt lithium production capacity by 2028 (West)

  • Unions pull back from the brink as BHP concedes some ground (Australian)

  • Billionaire Ira Rennert agrees to US$150m settlement of Peru smelter claims (Bloomberg)

A message from Costmine

Mining companies model their own costs. WOODY's number tells the real story.

WOODY's copper cost curve ranking 60 assets by cost, with the Carrapateena project in Australia highlighted near the low end of the curve.

WOODY rebuilds each project's costs independently and ranks them on one curve, so you can see how they really stack up.

Learn about WOODY →

Wheelin’ n Dealin’

  • HBM.TO (C$12.8B) - Hudbay completes acquisition of Arizona Sonoran via plan of arrangement

  • Energy Fuels delays ASM takeover vote after $US1.9B Vacuumschmelze acquisition (Australian)

  • Anglo and Codelco finalise JV for Los Bronces and Andina copper mines in Chile (MiningMX)

  • Zimbabwe discusses minerals-backed infrastructure deals with China Railway amid $34B funding need (Mining.com)

  • FLG ($61m) - Flagship agreed to sell its RK Lithium project in Thailand for US$4m cash, refocusing on gold and copper

Rattlin’ the Tin

  • CopperTech targets US$3.57B valuation in US IPO for Konkola Copper Mines (MiningMX)

  • Gina Rinehart backs X-ray technology used in mining in $70m deal (AFR)

  • KGL ($206m) - KGL raising $300m at $0.20 (25% discount) to fund Jervois Copper, with KMP Investments committing up to $113m

  • STM ($47m) - Sunstone entered a trading halt pending a capital raise

  • VRX ($31m) - VRX Silica raised $2.9m at $0.04 via rights issue

Ownership & Oversight

  • SRL ($2.9B) - SailingStone sold $25m of Sunrise Energy shares, trimming to 5.8%

  • SBM ($647m) - St Barbara NED Joanne Palmer resigned effective 30 Jun

  • TM1 ($268m) - Terra Metals named Debra Bakker Chair, appointed Jeff Quartermaine & Jennifer Purdie NEDs; Ian Middlemas and Ben Cleary resigned

  • AGE ($217m) - Alligator’s CFO Joe Sutanto resigned; R Blayney Morgan interim CFO

  • FEG ($65m) - Far East Gold appointed Justin Hastings as NED

  • ZNC ($61m) - Forrestania lifted its stake in Zenith to 18.2%

In the Weeds

  • Ferg’s Finds (Trader Ferg)

  • The Debasement Trade Is Unravelling & Kevin Warsh Is One Big Reason (Bloomberg)

  • The forgotten soft metal that’s rocking (Australian) Tin

Forwarded this email?
Subscribe for free!

Today’s Top Tweet

Devil’s in the Detail

  • Has a ‘market remuneration review’ ever found management was overpaid, or is the benchmark always conveniently uphill?

Our Latest Show

Time Arbitrage & Fourth Grade Math (Mike Alkin)

This newsletter is for general information, education & entertainment. Money of Mine is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice – seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur. See our Privacy Policy.

Reply

Avatar

or to participate

Keep Reading