The Pre-Start
Newmont has applied to delist from the TSX, which should take effect on Sept 24 (NEM)
Boss updated on its Honeymoon review, designed to test assumptions around mineralisation continuity. The work is due for completion in Q2 FY26, while resource drilling will take 7-9 months (BOE)
Q2 Metals intercepted 457m of continuous spodumene pegmatite in its widest interval to date at Cisco, Canada (QTWO.TO)
Perenti's Barminco secured a 4-year A$300m contract for underground mining services at Ramelius’ Dalgaranga, with an additional A$16m growth capital required in FY26 (PRN)
Tesoro Gold's scoping study for the El Zorro indicates an NPV7.5 of US$663m & 51% IRR (using US$2,750/oz), averaging 111kozpa for the first 9 years at a 3Mtpa throughput and AISC of US$1,216/oz. Capex is estimated at US$248m (TSO)
Golden Horse reported drill results from the Hopes Hill project, including 3m at 23.8 g/t Au from 193m, and plans to ramp up drilling with a 4th rig soon (GHM)
Emmerson confirmed White Devil as a Major Mine under its JV, with a total resource of 611koz and a 40% interest retained by ERM (ERM)
Forrestania has upgraded its mineral resource estimate at Lady Lila to 1.2Mt at 1.03g/t Au for 40koz (FRS)
Titan Minerals’ JV partner, Hancock Prospecting, has defined porphyry mineralisation over 1km strike and down to 1km depth (TTM)
Vulcan Energy has secured approval for the land acquisition necessary to construct its Geothermal & Lithium Extraction Plant in Landau, Germany (VUL)
Hillgrove has completed the Nugent Acceleration project ahead of schedule, processing 6kt of ore in August and downgrading CY25 guidance to 11-11.5kt of Cu (HGO)
Winsome claimed a new cesium discovery at Sirmac-Clapier, having sampled outcropping pegmatites (WR1)
Benz has extended its Third Lens discovery at Zone 126, reporting a significant drill result of 44m at 4.6g/t gold from 475m (BNZ)
Cauldron signed an MoU with Uzbek national uranium co. Navoiyuran (CXU)
A new presentation was shared by Black Cat
High Grade It
Lithium producers have slumped after news that Chinese battery giant CATL is preparing to reopen its Jianxiawo mine sooner than expected (Bloomberg) Fastmarkets indicating Spod fell 4%+ to ~US$800/t - just when things were looking better!
A truckie has won an unfair dismissal case against MinRes after he raised safety concerns & made a secret recording of a supervisor (Australian)
Vale CEO Pimenta said the company “fell behind in the copper race” and will seek to regain ground by accelerating the development rather than M&A (Bloomberg)
BHP will be forced to front ~$30m in pay rises to hundreds of its internal labour hire workers after it lost a bid to pause landmark same job, same pay orders (AFR)
Iluka has taken a swipe at China over price & supply manipulation as it pauses its mine & processing plant (Australian)
The Bolivian central bank has raised US$589m against the delivery of 5.4 tons of gold in a year’s time (Bloomberg)
DRC’s state-owned miner Gecamines signed a collaboration agreement with Kazakhstan’s ERG, a step toward ending years of conflict (Bloomberg)
Wheelin’ n Dealin’
AMC Consultants is for sale, the business made $55m revenue and $8.3m EBITDA in FY25 (AFR)
Anglo Teck deal may open the door for rivals like Rio Tinto (Australian)
ITOCHU and Mitsui & Co have acquired an indirect 8% and 7% interest, respectively, in BHP’s Minister’s North iron ore deposit (BN)
Aurumin has agreed to divest all its non-Sandstone gold assets for $6m, with Newcam picking up the majority (AUN)
Mont Royal Resources will acquire 100% of Commerce Resources which owns the carbonatite-hosted Ashram rare earth project (MRZ)
Rattlin’ the Tin
Word on the Decline
You don’t need to be Nostradamus to correctly predict the next corporate action at the Central Tanami JV now that Mount Gibson has acquired Northern Star’s 50% share
The two JV partners (Tanami Gold NL being the other) share a common major shareholder in APAC
This would be one of the easiest JV consolidation deals to ever pitch!
Got Word on the Decline? Simply reply or email [email protected]. We will always take your privacy seriously.
In the Weeds
SolGold hopes Swiss tax treatment helps Ecuadorian mine (AFR Rear Window)
BYD predicts bloodbath as Chinese EV makers fold (AFR) Forecasting 100 carmakers to go under
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Today’s Top Tweet
Gold Production by Region: Visualized 🥇
elements.visualcapitalist.com/gold-productio…
— #Elements (#@VCElements)
11:02 PM • Sep 10, 2025
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