ARU ($1.0B) - Arafura signed a 5-year offtake with a global trader for 850tpa of NdPr oxide, index-linked to seaborne pricing

LRV ($473m) - Larvotto reported 20.5m at 9.4 g/t AuEq from 342.5m at Blacklode and the discovery of the Echidna lode at Hillgrove

MMI ($364m) - Metro put CY26 guidance under review after sand‑bank collapse reduced channel to 1.3m, shipping 0.7Mt bauxite wmt in September | ▼ 17%

MEK ($295m) - Meeka began the Fairway decline at Turnberry, its second underground mine at the Murchison Gold project, with first ore in Jan 2027 and reserves of 50koz at 2.5 g/t Au

MM1 ($270m) - Midas extended Spaatzu at the Otavi Copper project to 1.5km strike, with 51m at 0.82% Cu, 19.5 g/t Ag from 80m

CTM ($241m) - Centaurus said Glencore reaffirmed the binding Jaguar nickel offtake, with further offtake and senior debt progressing to finalise funding | ▲ 6%

HRN ($203m) - Horizon Gold reported 44m at 5.08 g/t Au from 145m at Snook, Gum Creek, WA | ▲ 12%

AR1 ($183m) - Austral extended the McLeod Hill copper footprint to >1km, with 5m at 2.32% Cu from 70m, 4.5km from the processing facility

KAO ($126m) - Kaoko reported first assays from Chalkos Copper-Silver, Namibia: 48m at 1.02% Cu and 12.9 g/t Ag from 46m | ▼ 48%

VHM ($75m) - VHM agreed a non-binding offtake with Mitsui for 50% (up to 65ktpa) Goschen HMC, with a potential trade finance facility

NNL ($72m) - Nordic updated Kopsa MRE to 44Mt at 1.1 g/t AuEq for 1.5Moz AuEq, lifting district resources to 1.9Moz AuEq | ▲ 11%

QML ($59m) - QMines logged 11m of visually identified copper sulphides from 192m, 180m beyond the Mt Chalmers resource | ▲ 5%

BOA ($51m) - BOA hit 10m at 2.78% Cu from 208m at Ricci Lee, with Main Lode over 400m and >200m deep | ▼ 8%

DAL ($49m) - Dalaroo logged 34m alteration and quartz–sulphide veining from 62m, 1.3km from the Wilfred gold discovery at the Bondoukou Gold Ridge project, Côte d’Ivoire | ▲ 17%

CPN ($37m) - Caspin lifted Kelpie MRE 45% to 6.5Mt at 0.43% Sn (28kt) at Bygoo Tin, NSW, with 25% indicated | ▼ 8%

FZR ($35m) - Fitzroy River declared a $0.052 special dividend | ▲ 17%

ILT ($31m) - Iltani intersected 5.4m of sulphide mineralisation from 46.3m in the first hole at the Isabel Silver-Lead-Zinc-Indium-Tin prospect

MGU ($22m) - Magnum reported 5m at 626 ppm D-TREO from 10m at Piracanjuba North, with a maiden MRE targeted for Nov '26 | ▲ 14%

Resources sector workforce growth slumps to lowest level since 2019 despite booming investment (Australian)

Glencore pins hopes on ASX debut to close BHP valuation gap (AFR)

FIRB’s ability to safeguard Australian projects is again in question amid a bitter brawl involving Xingye and a group of ASX-listed explorers (Australian) FEG, TAT

Egyptian airstrike reportedly kills 72 artisanal miners in northern Sudan, claims Emergency Lawyers (Reuters)

Ghana to replace draft mining bill with revised version restoring 20-year mining lease term (Reuters)

Matsa's Devon gold mine embroiled in legal battles after company collapse (BN)

Glencore eyes ASX 100 entry as CEO revives Rio Tinto merger ambitions (AFR) Nagle: “I still think industry consolidation makes sense and there would be massive synergies with potential re-ratings”

Gold Fields execs head to Perth as Northern Star prepares defensive mine sales (Australian) Carosue Dam, Jundee, KB, Bronzewing

Titan Lithium plans more acquisitions in WA's Goldfields after $333m Global Lithium deal (West)

McEwen sells Ontario gold properties to Discovery Mining for $55m, refocusing on 300koz annual production target (Mining.com)

MLX ($1.8B) - Metals X lodged a non-binding bid for First Tin at 15p and must by 6 Nov announce a firm offer or walk away

CBE ($423m) - Cobre acquired control of the Sierra Atacama copper project for US$12m, taking its stake to 62.9% and board seats to three of five | ▲ 6%

AKN ($38m) - AuKing is in halt pending a project acquisition

RXL ($906m) - Rox reached financial close, drew $90m, and held $149m cash; Youanmi plant 39% complete, first gold mid-CY27

MMA ($130m) - Maronan is in a halt pending a capital raise

NMR ($62m) - Native Mineral Resources is in a halt pending a secured-debt refinancing | ▲ 10%

Metals X has lobbed an unsolicited 15p cash proposal for First Tin. Hardly a bolt from the blue.

The longstanding suspicion (we have written here in the past) was that Metals X would move on whichever of First Tin or Elementos got permitted first.

Brett Smith did little to disguise his intentions on a September podcast. He described the two projects as "neck and neck" on permitting, while outlining Metals X's ambitions to consolidate the next generation of tin producers.

Sitting alongside him, First Tin CEO Bill Scotting reckoned Taronga's approval was just "a few weeks" away.

Three weeks later, Metals X has made its move. Only the permit hasn't arrived just yet.

At 15p, Metals X may be looking to anchor its first bid right before Taronga’s imminent catalyst.

UK Takeover laws require it to firm up within 28 days. We struggle to see a scenario where the 29.9% shareholder walks away. A 15p deal would only mean ~A$100m for the 70% MLX doesn’t own already.

S32 ($22B) - AustralianSuper bought $220m of South32 shares, lifting to 8.3%

BOE ($627m) - Sprott sold $10.7m of Boss shares, trimming its holding to 14.1%

CHN ($414m) - Chalice named incoming Chair Ross Carroll, with Derek La Ferla retiring, and added NEDs Gerard Rheinberger and Soolim Carney

STM ($54m) - Nicholas Mather bought $5.1m of Sunstone shares, taking his stake to 10.9%

RAU ($27m) - Resouro appointed Daniel Kuhl as director

The iron ore crash is here (MacroBusiness) Couple weeks old, but relevant. ‘We are going to rerun 2015’

Cheap coal and expensive gas set stage for year-end coal export surge (Reuters op-ed)

Coal’s Revival Is Creating Divisions in Canada’s Energy Heartland (Bloomberg)

Why Tungsten Is Going to a Dark Place (Sinamin)

Australian resources in the world: Marius Kloppers (Lowy Institute) Talk given over a decade ago, insightful listen

Metallium's shares are down 75% in a year. Naturally, the solution is to increase the Non-Exec Directors' pay pool by 67%.