NWH ($3.5B) - NRW secured a five-year extension to its mining services contract at the Karara mine to Feb 2032, worth $960m

MAH ($2.1B) - Macmahon signed a $38m contract to develop an exploration decline at Groundrush in Tanami, NT

LIN ($1.4B) - Lindian in trading halt pending binding partnership and offtake announcement

TVN ($547m) - Tivan reported 18m at 25.1% CaF₂ from 30m at the Sandover Fluorite project, NT; initial Molyhil drilling returned no tungsten intercepts

MM8 ($501m) - Medallion awarded a $50m EPC to GR Engineering to refurbish Cosmic Boy for copper/gold production

TGN ($391m) - Tungsten Mining's PFS for Mt Mulgine shows pre-tax NPV₈ $6.8B, $870m capex and US$127/mtu WO₃ AISC | ▲ 11%

NVA ($300m) - Nova will begin building an antimony trisulphide refinery at Port MacKenzie, Alaska, after equipment arrives next month, with phase 1 funded by a US$43.4m DoW award and first production in 2027

ATR ($228m) - Astron secured an export licence to ship REE concentrate to the USA, with Energy Fuels to buy 100%

IVR ($144m) - Investigator Silver hit 4m at 5,448 g/t Ag from 78m outside DFS pit at Paris Silver, supporting inventory growth | ▲ 8%

AT4 ($137m) - American Tungsten & Antimony engaged Metso for an FEL1 concept study on a tungsten APT circuit at the Del Sol Refinery, Nevada, sized at 2.5ktpa with a path to 5ktpa | ▲ 6%

LSA ($58m) - Lachlan Star's 1m assays at New Waverley, WA, confirm and extend mineralisation, with 13m at 4 g/t gold from 46m

STM ($57m) - Sunstone raised assumed Bramaderos recoveries to 80% Cu and 93% Au (75% Cu, 85% Au in the Scoping Study), supporting a flotation and tails cyanidation flowsheet

LIB ($51m) - Liberty Metals proposes renaming El Dorado Goldfields; ASX code to EDO | ▲ 13%

AGC ($41m) - Australian Gold and Copper discovered a gold–silver zone at Evergreen, NSW: 13.6m at 4.6 g/t Au from 51.4m

AKN ($38m) - AuKing’s second diamond hole at the Tundulu Rare Earth project, Malawi, hit carbonatite to 400m, remaining open at end-of-hole | ▲ 7%

OD6 ($37m) - OD6 completed SAM.gov registration, positioning the Quinn Fluorspar project in Nevada, USA to pursue federal critical‑minerals funding

NXM ($34m) - Nexus identified a new lode linking Crusader–Templar and Clement at the Wallbrook gold project, with 13m at 4.52 g/t gold from 124m; MRE due this month | ▲ 5%

PL3 ($34m) - Patagonia Lithium obtained approval to drill Well 9 at Formentera in Jujuy's Salar de Jama, with 72h pump testing planned | ▲ 10%

LM1 ($31m) - Leeuwin defined a 4.3–6.6Mt at 0.9–1 g/t gold (142–186koz) Exploration Target outside 379koz MRE at Marda gold project, WA

BTM ($28m) - Breakthrough reported 26m at 0.63% CuEq from 249m at Turpentine in the Hazel Creek copper-gold project, Qld

LMG ($27m) - Latrobe Magnesium's Phase 1B construction is 70% complete at its demonstration plant, with briquetting ready for commissioning and first magnesium production in H2 CY26 | ▼ 6%

SUH ($27m) - Southern Hemisphere reported 180m at 0.39% CuEq from surface at Llahuin, Chile

Gold exploration surges as new deposit drilling jumps 69% (AMEC)

One Nation pledges nuclear for Victoria and vows to save Loy Yang A coal power station (Australian)

Mining companies struggle with rising costs while seeking new copper and lithium resources (AFR)

More than 1500 coal jobs in limbo after shock move (Australian)

CSC ($16B) - Capstone completed the acquisition of the San Pietro copper concessions in Chile, issuing C$32m (US$25m) in shares to New Golden Exploration, adding 16,000ha & 492Mt at 0.23% Cu in inferred

LTR ($3.8B) - Liontown will farm-in to earn up to 100% of the Centenario lithium brine project in Argentina, committing US$40m plus up to US$140m in milestones, with initial US$15m (US$5m cash, US$10m shares) to NEXT Lithium

CAY ($101m) - Canyon urged shareholders to reject A2MP's off-market 5c bid, with BDO finding the offer neither fair nor reasonable; interim orders by the Takeovers Panel bar A2MP from processing acceptances

Zambia's state-owned ZCCM-IH considers share sale to boost liquidity and meet local listing requirements (Bloomberg)

AGC.CN (C$118m) - DRC gold developer Avanti Gold upsized a bought deal to C$45m

WCE ($43m) - West Coast Silver raised $6m at $0.095 (13.8% discount) to advance the Elizabeth Hill silver project | ▼ 9%

AEV ($35m) - Avenira will raise up to $49m via a 3-for-2 renounceable rights issue at $0.006 (25% discount) to fund Wonarah

POD ($35m) - Podium Minerals raised $1.6m in an underwritten SPP at $0.034, leaving a $2.4m shortfall to underwriter Leeuwin Wealth

Someone should probably tell him…

Jokes aside, ZCCM is one of the most interesting copper exposure vehicles to us. Precisely because no one knows about it, it trades with a miners multiple but arguably merits a RoyaltyCo multiple.

ZCCM-IH's 2020 to 2026 plan called for applying "Royalty/Streaming/Preference share" models across its existing portfolio, to reduce dependence on dividends. Kansanshi was the first major implementation, where the economics of its 20% interest were converted into a 3.1% life-of-mine gross revenue royalty. More to come.

ORI ($10B) - Orica appointed Catherine Brenner as an independent NED

IGO ($6.5B) - IGO appointed Anthea McKinnell NED; Samantha Hogg resigns

WWI ($191m) - West Wits NED Keith Middleton resigned effective today

SNM ($91m) - DG Resource Mgmt invested $1m via placement, going to 21%

ASN ($73m) - Anson CFO Matt Beattie resigned

YRL ($63m) - Yandal appointed directors Ed Eshuys and Andrew Jackson as Christopher Oorschot, Christopher Newman and Katina Law resigned

ELK ($23m) - Campbell Baird emerged with a 5% stake in Elk Range | ▼ 5%

Andrew Forrest and Chris Ellison pursue divergent strategies in Australian mining sector (Dryblower)

We Visited 3 of Zambia’s Biggest Mines! (BuildWitt YouTube)

The cleanup is on