The Pre-Start

  • DPM ($15B) - DPM declared a quarterly dividend of US$0.04 per CDI

  • VAU ($7.0B) - Vault lifted group gold reserves to 3.9Moz (+9% y/y post FY26 depletion) with gold resources steady at 12.1Moz

  • KCN ($1.5B) - Kingsgate will publish updated Nueva Esperanza resources and reserves later this month, and commenced its first drilling in nine years

  • VUL ($1.3B) - Vulcan completed the Ludwig project PFS with post-tax NPV₈ of €1.7B, €1.3B capex and 21.1ktpa Li₂CO₃, and has begun asset-level financing ahead of an FID following Lionheart start-up

  • SMI ($518m) - Santana reported 20.7m at 4.8 g/t Au from 169m at RAS, extending the HG1 domain

  • SS1 ($217m) - Sun Silver reported 89m at 70 g/t AgEq from 127m at Maverick, with antimony mineralisation starting ~60m above the current MRE

  • FEX ($216m) - Fenix declared a maiden 26.9Mt at 60% Fe Beebyn Hub reserve (13.1Mt Beebyn-W11, 13.8Mt Beebyn-W10 Stage 1), supporting more than 5 years of mine life and up to 6Mtpa by FY28

  • MPK ($151m) - Many Peaks hit 36m at 2.64 g/t gold from 600m at Ouarigue; MRE update cut-off end Q3 CY26

  • STM ($57m) - Sunstone drilled 297m at 0.4 g/t AuEq from surface at Melonal, expanding Bramaderos ahead of an MRE next quarter | ▲ 5%

  • FMN ($50m) - Famien expanded its Cote d’Ivoire, while RC at Bonougbara returned 8m at 1.27 g/t gold from 52m | ▲ 10%

  • EPM ($49m) - Eclipse says Grønnedal mineralogy shows 87.5–94.3% of NdPr hosted in rare earths minerals, supporting beneficiation in Greenland | ▼ 7%

  • PTR ($45m) - PTR’s preliminary study for the Rosewood Titanium project, SA, outlines early mining of 17% HM zones and metl testwork producing leucoxene by wet concentration with 81% +53µm VHM recovery

  • AKN ($36m) - AuKing provided abundance estimates for the Tundulu diamond hole (carbonatite to end‑of‑hole 400m) and expects assays in 5–6 weeks | ▲ 6%

  • CZN ($29m) - Corazon set a maiden exploration target of 9.7–12.3Mt at 1.9–2.1 g/t Au at Chalice Gold

  • ZMI ($28m) - Zinc of Ireland's ARGO tests on ZLR achieved up to 99% Ag, 100% Pb and 91% Cu recoveries

  • GDM ($23m) - Great Divide restated 1.6Mt at 3.4 g/t gold (170koz) at Adelong Gold using prior estimates, without new drilling | ▲ 6%

High Grade It

  • Indonesia's Morowali Industrial Park may cut nickel output by 40% due to El Niño drought (Bloomberg)

  • Perdaman billionaire prepared to put his own money into $15b oil refinery, Australia’s first in 60 years (AFR)

  • Chilean gangs breach security on Antofagasta's copper trains, threatening Atacama mining logistics (Reuters)

  • Zambia's ZCCM-IH targets $1.8B from formalising small-scale gold mining sector (Bloomberg)

  • BHP exec Rag Udd to leave miner after missing out on top job (Bloomberg)

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Wheelin’ n Dealin’

  • Lynas confirms earlier takeover talks, suspends CEO search amid uncertainty (Reuters)

  • Barrick considers delaying North America gold IPO to 2027 (Bloomberg)

  • Anglo struggles to sell De Beers at US$1B, down from US$18B in 2001 (MiningMX)

  • Greenland Mines acquires Sarfartoq rare earth project from Neo Performance for $35m (Mining.com)

  • Beetaloo gas producer Tamboran is in talks with multinationals, Asian LNG buyers and LNG exporters in Aus as it seeks a long-term deal to help fund the expansion (AFR)

  • LIN ($1.4B) - Lindian agreed a partnership with Carester to advance a DFS for an 8ktpa REO SX/oxide separation plant in Kazakhstan, and signed a binding 10-year offtake for 70% of SEGH output with ROFR over 70% MHREC | ▼ 5%

  • CAY ($109m) - Canyon's bidder A2MP filed a third bidder's statement, contesting the IER and target model, citing Bank Cameroon's drawdown suspension and development deferrals, and saying it now holds 56.6%

Rattlin’ the Tin

  • Wiluna Mining prepares to file documents for ASX relisting (AFR) and Creasy apparently no longer pursuing an acquisition

  • MKR ($136m) - Manuka trading halt pending a capital raise announcement

  • EGR ($127m) - EcoGraf launched an SPP underwritten to $2m

  • VTX ($38m) - Vertex is in a trading halt pending a capital raise announcement

  • Tharisa plans $300m bond to fund Karo Platinum project in Zimbabwe (MiningMX)

  • Core Lithium spins off Axiant in $8m ASX float, focusing on Finniss restart (West)

Ownership & Oversight

  • PLS ($18B) - First Sentier ceased to be substantial in PLS

  • GGP ($8.0B) - Greatland directors Elizabeth Gaines and Michael Borrelli sold shares for $3.7m and £3.7m, respectively

  • WAF ($4.4B) - First Sentier fell below 5% in West African

  • MAH ($2.2B) - Macmahon NED David Gibbs resigned

  • VMM ($596m) - OneIM Riverside took a 9.9% stake in Viridis for $60m

  • LOT ($142m) - Lotus named Fletcher Hancock General Counsel and Co Sec and confirmed Sam Penglis as COO following Hayden Bartrop's departure

  • KLI ($101m) - Stephen Parsons and Hamish Halliday took stakes in Killi, now 14.2% and 13.2%

  • GGM ($57m) - Global Gold appointed Ivy Jiang CFO, with Paul Fromson departing

In the Weeds

  • Risk of a new age of financial repression is rising (FT op-ed)

  • Thermal Coal Torque (Respeculator)

  • Australia struggles to attract investment in critical minerals due to insufficient viable projects (AFR op-ed)

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