RIO ($260B) - Rio Tinto delivered US$14.8B underlying EBITDA (+28%) and US$3.8B free cash flow in H1, declaring a US$3.4B interim dividend with 2026 production and capex guidance unchanged

NST ($28B) - Northern Star sold 433koz gold at AISC $2.7k/oz, lifted cash and bullion to $1.2B (+$52m QoQ), and began commissioning Stage 1 of the KCGM Mill Expansion for a September tie-in

MIN ($11B) - MinRes lifted liquidity to $2.4B (+$0.6B QoQ) and cut net debt to $4.3B, with Q4 shipments of 8.4Mwmt iron ore and 158kt SC6 lithium at US$2.4k/dmt; FY26 guidance achieved | ▲ 6% webcast 11.30am

GGP ($6.8B) - Greatland produced 79koz gold at AISC $2.3k/oz, closed with $1,289m cash (+$81m QoQ) and FY27 guidance 260–300koz at $2.9k–3.33k/oz

RMS ($5.7B) - Ramelius closed the June quarter with $650m cash and gold (+$43.1m QoQ) after producing 53.5koz gold at AISC of $2k/oz

VAU ($5.0B) - Vault produced 89koz gold at AISC $3k/oz, closed with $842m cash and bullion, setting FY27 guidance at 355-375koz at $3.15k-$3.35k/oz

LTR ($3.8B) - Liontown added +$137m QoQ to close with $561m cash, produced 103kt spodumene concentrate and sold 108kt at US$1,880/dmt with $995/dmt unit costs; FY27 guides to 390–440kt and $1,050–$1,250/dmt with ~$345m capex | ▼ 11%

NIC ($3.6B) - Nickel Industries produced first MHP at Excelsior HPAL, with first nickel cathode expected in Aug 2026. It closed with US$268m cash (+US$56m QoQ), and faces four months at ~50% HNI capacity for a planned overhaul

WAF ($3.2B) - West African produced 125koz gold at AISC US$1,730/oz, cash plus bullion +US$46m QoQ to US$777m; FY26 guidance maintained

ALK ($1.8B) - Alkane updated Storheden MRE to 1.1Mt at 2.5 g/t gold indicated (87koz) and 1.8Mt at 2.1 g/t inferred (125koz)

EQR ($1.3B) - EQ Resources plans a US listing in 2027, subject to approvals, with ASX remaining the primary listing | ▲ 16%

VUL ($1.2B) - Vulcan secured a Rhineland-Palatinate lithium royalty exemption for Lionheart, with first-drawdown conditions on the €2.2B package met and equity received

KCN ($1.1B) - Kingsgate secured land to expand TSF at Chatree, targeting capacity to ~2034 pending a Metallurgical Licence

WA1 ($833m) - WA1 reported 38m at 3.8% Nb₂O₅ from 72m at Luni

LYL ($742m) - Lycopodium won a $22m engineering contract from PLS for the P2000 Wet Plant at Pilgangoora, to support FID

AIS ($569m) - Aeris closed Q4 with cash and receivables $202m (+$52m QoQ) and produced 11.3kt CuEq within guidance; FY26 EBITDA ~$285m

WC8 ($491m) - Wildcat closed the quarter with $37m cash, targeting Tabba Tabba DFS and Bolt Cutter Central MRE in H2 2026

SMI ($399m) - Santana pushed the FTA decision on Bendigo‑Ophir to 16 Dec 2026, warning it could slip beyond that date

ASL ($397m) - Andean Silver lifted the Cerro Bayo MRE to 20Mt at 211 g/t AgEq (136Moz), with indicated +230%

SGQ ($343m) - St George reported 207m at 2.6% TREO rare earths from surface at Araxa, with MRE due this quarter

TOK ($340m) - Tolu reported 3.9m at 42.4 g/t gold from 84.1m at Tolukuma Gold mine, updated MRE due late August | ▼ 9%

CBE ($308m) - Cobre produced 0.9kt copper cathode in the quarter and generated US$1.6m operating cash, closing with $30m cash (post-raise $120m)

TRE ($283m) - Toubani reported 60% process plant and 70% power engineering and 61% capex committed at Kobada, closed with $74m cash, and post‑quarter executed a US$160m gold stream and a $70m underwritten entitlement

CRN ($277m) - Coronado returned to positive earnings as saleable production rose to 4.1Mt and mining cash costs fell to US$97.9/t | ▲ 12%

AS1 ($229m) - Asara reported 47m at 8 g/t gold from 10m at Kada, for an August 2026 MRE update

SGC ($213m) - Sinclair highlighted Mt Henry targets with 20m at 2.6 g/t gold from 5m at Plutus

HGO ($202m) - Hillgrove appointed CBA as banking partner to provide hedging lines and a $6.6m rehabilitation bank guarantee to the SA Government

AR1 ($157m) - Austral received a new agglomeration drum for the Mt Kelly SX-EW facility in Qld to support copper processing

IBR ($77m) - Iron Bear's PFS for the Iron Bear project targets 23Mtpa of iron ore, post-tax unleveraged NPV₈ US$9B and US$4.2B pre-production capex, underpinned by a 3.3Bt at 29.1% Fe probable reserve | ▲ 12%

LRM ($70m) - Lion Rock closed the quarter with $6.9m cash (flat QoQ) after a $2m placement; exploration spend $1.8m | ▼ 5%

CZR ($53m) - CZR extended Top Camp, Croydon, to >700m strike and 220m depth; 18m at 1.1 g/t gold from 294m

ODY ($44m) - Odyssey’s Tuckanarra scoping outlines 79koz gold over 29 months at $3.4k/oz with $7m capex; 2027 Kirkalocka toll-milling TMA executed

CPN ($38m) - Caspin drilled 20m at 1.79% Sn from 185m, incl. 3m at 9.32% from 193m; MRE update due this quarter

LEL ($36m) - LE Minerals reported 88m at 17.3% TGC from 8m at the Burke-Mt Dromedary graphite project

ADN ($32m) - Andromeda commissioned its HPA pilot plant, with optimisation underway to produce 4N samples and assess silica/gallium co-products

HVY ($31m) - Heavy Minerals' PFS for Port Gregory Garnet, shows NPV₈ $323m, $122m capex and 85.5Mt probable reserve at 4.4% THM | ▲ 9%

Queensland courts US investors for $1T critical minerals reserve (Australian) “Pitching QLD as a ‘secure’ and ‘stable’ partner”…

Rio Tinto pays biggest dividend in four years on buoyant metal prices (AFR)

Hedge funds target Fortescue amid $11b short on ASX mining giants (AFR)

Codelco’s Chairman said the company faces another difficult year for production (Bloomberg)

Australia plans first domestic oil refinery in 60 years to boost fuel security (Reuters)

Ghana has allocated US$429m to finance gold purchases that boost its FX reserves (Bloomberg)

New BHP boss Brandon Craig rules out an immediate sale of its BMA coal venture (Australian)

Vitol eyes $1.25bn Viva Energy exit as fuel retailer’s shares surge (Australian)

Boliden confirms talks to buy Votorantim’s stake in zinc, lead producer Nexa (Fastmarkets)

MEI ($523m) - Meteoric entered a non-binding MOU with POSCO for up to 30% of Caldeira's rare earths for 7 years, with potential equity participation and ECA financing support from Korea

AT4 ($75m) - American Tungsten & Antimony will acquire the Del Sol antimony refinery in Nevada and the White Spar mine in Arizona, paying 1057m shares, 256m options (Oct '28) and 804m performance rights

ZNC ($59m) - Ida Metal lodged a fresh Takeovers Panel application alleging Forrestania's Zenith bid was conducted in an uninformed and uncompetitive market, arguing Forrestania failed to disclose its parallel Edna May acquisition

STN ($246m) - Saturn raised $100m at 40c (11% discount) to advance Apollo Hill, plus SPP for $5m

G50 ($135m) - G50 raised $26m at $0.595 (10% discount) for Golconda/White Caps drilling; Hancock Prospecting subscribed $8m

Liontown’s ROM stockpile is down 57% QoQ, which might explain today’s 11% sell-off.

It also matches intel we heard a few weeks ago that the miner has been busy spodumene-shopping, looking for third-party ore to keep the plant fed.

PDI ($3.1B) - Predictive closed a US$10m investment in Awale

BKY ($219m) - Berkeley appointed Jos Damin Bogas Glvez as director

CAY ($177m) - Eagle Eye exercised $10.5m of options in Canyon, now holding 55.6%

KSN ($44m) - Winchester Group and Ian Ingram subscribed $564k in Kingston’s rights issue, taking their stake to 6.6%

Trader’s Esperanto (Fred’s Corner)

Fifty Years of the Indispensable Field Geologists' Manual (Strictly Boardroom)

Ranked: The Countries That Consume the Most Coal (Visual Capitalist)

Now, which message to believe in Dataroom’s latest BMA piece…

We reckon BMA will be out the door by this time next year.