WES ($94B) - Wesfarmers reported $2.9b NPAT and set a $1.20 final dividend (FY26 $2.22). It’s expecting Covalent Lithium refinery ramp-up to accelerate in 2H27

S32 ($23B) - South32 reported FY26 Underlying EBITDA of US$2.5B and Underlying earnings of US$1B, generated US$610m free cash flow, ended with US$283m net cash, and declared a US 5.4c ordinary dividend

MIN ($13B) - MinRes reinstated dividends, declaring a fully franked $0.83 after a record FY26 with $6.5B revenue, $2.6B underlying EBITDA and $0.8B underlying NPAT, closing with $4.3B net debt (1.7x) | Join 9am AWST call | ▲ 6%

NXG ($10B) - NexGen expanded the vertical extent of the Patterson Corridor East mineralised zone by 17% to 644m, with mineralisation now traced to 930m depth; added a fifth rig

GGP ($9.2B) - Greatland reported FY26 NPAT $862m and closed with $1.3B cash after producing 329koz gold and 14.6kt Cu, guiding FY27 to 260–300koz at AISC $2,900–3,330/oz

CMM ($8.1B) - Capricorn produced 123.6koz gold at AISC $1,629/oz in FY26, posted $327m NPAT, ended with $505m net cash, declared a 5c fully franked final dividend, and guided FY27 to 137–147koz at ~$2,000/oz

IGO ($6.3B) - IGO posted $145m NPAT and $323m EBITDA on 15.3kt Ni from Nova, ended with $387m cash and declared a 5c final dividend; Greenbushes delivered 1.4Mt spodumene concentrate | Join 10am AWST Call

EMR ($4.8B) - Emerald produced 100koz gold at AISC of US$972/oz, delivering EBITDA $392m and NPAT $260m, closed with $491m cash, bullion and investments, and guided FY27 to 100–115koz at ~US$1,030/oz

DVP ($1.7B) - Develop Global hit 12.2m at 15.7% CuEq from 410m at Woodlawn, backing plans to extend mine life to 15 years

BOE ($735m) - Boss Energy 1.4Mlb U₃O₈ in FY26, booked $151m revenue and $2.5m NPAT with $207m cash and liquid assets, and guided FY27 to 1.25–1.30Mlb at AISC of $83–92/lb | ▼ 17%

AMI ($694m) - Aurelia reported FY26 EBITDA $189m and NPAT $83m, ended with $144m cash and no drawn debt, declared a 1c fully franked dividend, and guided to 50–60koz Au in FY27

FRS ($676m) - Forrestania awarded a $145m, two-year open-pit mining contract to MEGA for Johnson Range

BTR ($599m) - Brightstar hit 226m at 3.1 g/t gold from 284m at Two Mile Hill | ▲ 6%

29M ($595m) - 29Metals produced 11.2kt Cu and 3.2kt Zn in H1, reporting $30.5m EBITDA and a $35m net loss, closing with $202m liquidity and US$115m debt; lenders granted covenant waivers

DTR ($401m) - Dateline replied to ASX letter, admitting its MD spoke on Colosseum injunction pre-release but asserted compliance

MRT ($296m) - Maritana reported 3.9m at 2.3 g/t gold from 299m at Burbanks

WWI ($211m) - West Wits will not release Project 200 Scoping Study after ASX consultation, with the production target based on 74% inferred resources | ▼ 16%

TSO ($183m) - Tesoro upgraded the Ternera MRE to 51.6Mt at 1.1 g/t gold for 1.8Moz, with 1.5Moz now measured and indicated, underpinning a maiden reserve in Sep '26 and a DFS by CY26

DEV ($160m) - DevEx reported 1.6m at 680 ppm eU₃O₈ from 26m at Big Radon at the Nabarlek Uranium project, NT

FXG ($121m) - Felix produced antimony metal in pilot plant from Treasure Creek, demonstrating US refinery flowsheet; DOE selection up to US$18m

BRL ($104m) - Bathurst’s export operations sold 1.1Mt of coal (100% basis) in FY26, with EBITDA of $45m, a $4.6m net loss and $145m cash

PNN ($70m) - Power Minerals reported 109m at 4.2% TREO from surface at the Morro do Ferro rare earths project, Brazil

MTH ($54m) - Mithril confirmed 550m strike at Copalquin–Zaragoza, with 11.7m at 456 g/t AgEq (1.1 g/t gold, 381 g/t silver) from 22m | ▲ 6%

WCE ($41m) - West Coast Silver plans to update Elizabeth Hill's MRE in Q4 CY26 after 38.3m at 878 g/t Ag from 3.7m

SRT ($27m) - Strata will be delisted from ASX after a 2-year suspension

AFP raids Sydney stockbroker Evolution Capital’s head office (AFR)

Yindjibarndi appeals Fortescue's A$150m compensation for cultural harm (Bloomberg)

Investors ‘screwed over’ by BHP as the mining giant takes over ASX 200 (AFR)

Singapore's police raid Radiant World's office amid probe into falsified documents (Bloomberg)

MinRes reports $1.2B profit for FY26, resumes dividends after two-year hiatus (BN)

CMM ($8.1B) - Capricorn completed the divestment of Big Springs to Sentinel for $13.7m upfront + $12.5m in milestone-based deferred payments

SGQ ($439m) - St George agreed with Lima & Pergher and the State of Minas Gerais to assess a rare earths processing centre

AAU ($26m) - Antilles signed a binding MoU for GEM Global Yield to take 25% of its subsidiary for US$18m and seek lifting of US sanctions on Minera La Victoria

Indonesia's US$28B miner PT Bayan in talks to sell majority stake to Haji Isam-led consortium (Bloomberg)

Canyon shareholder challenges A2MP's takeover bid, refers it to Takeovers Panel (BN)

India's government sells 6% stake in Hindustan Copper amid record copper prices (Bloomberg)

MM8 ($450m) - Medallion raised $60m via a 125m share placement at $0.48

PC2 ($351m) - PC Gold raised $75m at $1.05 (7.9% discount) to accelerate the Spring Hill gold project, taking pro-forma cash to $96.7m

Last time Westgold and Pantoro were being talked about as a potential tie-up, there was a similar gap in their trading multiples.

That gap has opened up again. Westgold is now on 4.8x NTM EBITDA versus Pantoro on 3.3x, a roughly 30% discount.

We doubt that valuation arbitrage has gone unnoticed. Wouldn’t surprise us if the old idea is getting another run through the spreadsheet.

BHP ($344B) - BHP CEO Brandon Craig received 30k shares on vesting and sold $928k of shares to meet tax obligations

NWH ($3.6B) - Australian Retirement Trust sold $1.2m of NRW shares, falling below 5%

PNR ($978m) - Regal bought $17.8m of Pantoro, lifting its stake to 10.9%

EUR ($578m) - Weiss bought $4.9m of European Lithium shares, lifting to 6.1%

SVL ($377m) - Silver Mines appointed Nicole Brook and Joel Fitzgibbon as NEDs; Chair Keith Perrett retires post Nov AGM

TOK ($337m) - Tolu appointed Larry Andagali interim chair as John Anderson resigned

BVR ($83m) - Regal cut its Bellavista stake to 6.3%

CRS ($73m) - Jupiter bought $850k of Caprice shares, lifting its stake to 7%

LIB ($41m) - Liberty appointed Travis Schwertfeger as director

WGR ($25m) - Western Gold director Ryan Mount resigned

“Druck in the WSJ” vs “Shrub in the SSJ” (Le Shrub) Vintage

The Metals Lobby’s Big Steal (WSJ) “Americans now pay 75% more for aluminum than the rest of the world, and 64% more for steel”

PRC Magnet Exports up 32% yoy; Brazil's RE Hopefuls Second Guessing; Ucore's History exhumed; Niocorp's DFS (TREO)

To put it into perspective, this is roughly equal to IGO’s underlying free cash flow from the last two years combined…