RRL ($5.3B) - Regis said Federal Court invalidated s10 Declaration over McPhillamys in NSW, prompting ministerial redetermination

SX2 ($2.9B) - Southern Cross welcomed a conditional $20m Vic election commitment toward an antimony processing facility | ▼ 5%

ALK ($2.4B) - Alkane interpreted 1km depth extension at Peak Hill, NSW, with 153m at 0.11 g/t Au and 0.02% Cu from 1,427m

ORE ($2.3B) - Orezone produced 60koz gold in Q3, sold 56koz at an average realised price of US$4.2k/oz, and maintained CY26 guidance | ▼ 5%

CIA ($1.5B) - Champion Iron produced 3.9m wmt iron ore concentrate and sold 4.5m dmt in Q2 FY27, realising C$90/dmt for C$404m revenue

AMI ($740m) - Aurelia reported $83m of profit in FY26 on 50.4koz gold production, declared a 1c dividend, and closed a new $150m facility

VUL ($574m) - Vulcan validated matrix reinjection at Lionheart, with ~64 L/s injection vs ~40 L/s assumed, supporting the FDP base case

LRV ($455m) - Larvotto shipped first antimony concentrate from Hillgrove, triggering part-payment under the Wogen offtake; gold con being prepared

MGX ($372m) - MGX reported 31Mt at 2.8 g/t Au (2.8Moz, 100%) at its 50%-owned Central Tanami JV

KGL ($341m) - KGL approved FID for the Jervois copper project, NT, with funding comprising a US$300m Wheaton stream (CPs pending), targeting first concentrate in H1 CY28

MM1 ($253m) - Midas reported 24m at 1.84% Cu from 169m at Deblin, Otavi Copper project, Namibia

PSC ($243m) - Prospect hit 10m at 1.1% Cu from 97m at Nyungu Central; AC at Shikezi outlined two near-surface copper anomalies

ALR ($239m) - Altair logged visible gold at 45.6m and 107.7m in a diamond hole at North Peters, part of the Greater Oko project in Guyana

MYE ($218m) - Mastermyne named preferred tenderer by Anglo for 3-year services contract (2-year option) at Moranbah North, Qld

BHM ($170m) - Broken Hill produced 103koz Ag on 129kt processed in the Sept quarter, and commenced trucking Pinnacles ore to Rasp

ENR ($135m) - Encounter hit 12.7m at 4.9% Cu from 25.8m at Tyrell within the Yeneena Copper project

AT4 ($104m) - American Tungsten & Antimony found up to 665 g/t Ag at White Spar, prompting silver-recovery circuit assessment at Del Sol

ACS ($95m) - Accent said bench‑scale dry separation at the Magnetite Range project, WA, produced 66.3–68% Fe concentrates with up to 98.2% magnetic recovery, supporting a dry route in PFS trade‑offs

BKB ($80m) - Black Bear returned 14.6m at 542 g/t Ag from 64.6m at the Shafter silver project, MRE in Q4 CY26

NMR ($67m) - Native Mineral Resources produced 2.3koz Au at Blackjack in Q1 and closed with $0.6m cash (+$0.4m QoQ)

DRX ($65m) - Diatreme's PFS for the Northern Silica project at Cape Flattery, models 3Mtpa for pre-tax NPV₈ $1.3B and 36% IRR on $444m capex, with an optional 5Mtpa expansion lifting NPV₈ to $2.4B for $38.5m extra

PNN ($59m) - Power Minerals is in a pause pending further announcement

ESR ($55m) - Estrella updated the Werumata Limestone MRE to 533Mt limestone, incl. 391Mt at 83.9% ANC, with 274Mt indicated; total fell from 621Mt on density changes

CTO ($52m) - Citigold says DEP called a meeting to remove Mark Lynch; a second 249D meeting will also proceed

MRD ($50m) - Mt Ridley's Selectro first third‑party bauxite test recovered 92% aluminium, 97% iron, yielding silica-rich residue, not red mud

FEG ($48m) - Far East Gold rebutted Xingye's letter, reported $1.9m cash, and disputed a CSPA breach notice from Idenburg project vendors

ZNC ($47m) - Zenith reported 6m at 4.1 g/t gold from 123m at Dulcie Central, with assays to guide a maiden MRE

BHP cuts 300 jobs at WA iron ore mines to maintain cost leadership (West)

Zambia to settle some copper sales to China in renminbi from next year (Bloomberg)

US copper stocks reach 1.6Mt as Trump's tariff threat impacts market dynamics (Reuters)

Australian govt considers nationalising Northern Minerals amid China tensions over Browns Range project (West)

Gold remains stable as US inflation data approaches (Reuters)

Abu Dhabi's IRH and Zambia's ZCCM seek new mining assets after $1.1B Mopani investment (Reuters)

Mercuria secures $250m deal with Shanghai Jayson for Congo copper from Kinga Kila project (Bloomberg)

Sojitz sold entire stake in Gregory Crinum coal mine in QLD (Sojitz) Price nor buyer named. Bought for $100m from BMA in 2019

China's CNGR Advanced Material in talks to acquire 80% of Indonesia's PT Gunbuster Nickel Industry (Bloomberg)

Gold Fields seeks support from Northern Star investors for A$39bn merger (FT)

MAT ($46m) - Matsa cleared conditions for AngloGold’s purchase of Lake Carey project tenements; $45m completion payment (total $55m) due within 15 days

BOA ($32m) - BOA completed the Neds Creek consolidation, now owning 100% of the copper portfolio, with Sandfire becoming a 6.2% shareholder

Glencore lists on the ASX, targeting 'smart investors' amid global energy crisis (FT) $130m of shares trade on its debut (AFR)

AEV ($61m) - Avenira secured up to $85m in 8‑year debt from Hebang to fund first shipment and DSO at the Wonarah phosphate project | RBA cash rate with no margin, sign us up for one of those! | ▲ 8%

REC ($44m) - Recharge raised $4.1m at 3.6c to fund Sunset Well drilling

Glencore's ASX debut yesterday reminded us of another recent secondary listing. Remember Sigma Lithium?

A month on the ASX and not a single CDI has changed hands. Just 600,000 sit on issue, representing roughly 0.5% of the company. We suspect that won't remain the case for long.

Sigma's US$100m Synergy loan, secured against its Brazilian operating company, matures on 13 December, with a cash-sweep payment due 17 November. It had just US$17m in cash at June, has already banked prepayments against 2026 sales, and its ~US$100m Phase 2 expansion hinges on a BNDES loan still under review.

Which begs the question: why bother listing on the ASX if nobody trades your stock?

Perhaps because the liquidity you're after isn't secondary. Marimaca ran a similar playbook. Token ASX listing, followed five months later by an A$80m CDI placement.

Why wait? Without a full prospectus, a company needs three months of ASX quotation before it can place new CDIs that investors can sell straight away. For Sigma, that window opens in early December.

SFR ($10B) - AusSuper sold down in Sandfire, trimming its holding to 9.5%

RRL ($5.3B) - Regis named Ian Macliver NED and chair-elect; James Mactier and NED Fiona Morgan to retire at the AGM

MAH ($2.4B) - Paradice ceased to be a substantial holder in Macmahon

LIN ($786m) - Lindian NED Park Wei retired immediately citing a health issue

STN ($342m) - Golden Crane bought $21.5m of Saturn, taking a 7.2% stake

GML ($214m) - Gateway to appoint Richard Pugh MD and Anthony McClure Chair, with Kristen Podagiel joining after the AGM

ARL ($80m) - Ardea appointed Tony Sparks interim CFO

Lynas founder Nick Curtis describes their business plan in 5 mins (YouTube)

Why China Is Building More Power Than It Can Use (Bloomberg Vids)

Energy Thoughts, 1994 vibes, Concentration Spin, and the Double Tap (Paulo Macro)

C’mon, you can’t be making this mistake 10 months into the new year…