S32 ($20B) - South32’s quarterly kept FY27 production guidance, net cash +US$14m to US$297m on a US$153m Sierra Gorda distribution as CuEq rose 11%

BNZ ($1.4B) - Benz reported 46m at 6.5 g/t gold from 454m at Icon, WA; MRE due Q1 CY27

FRS ($766m) - Forrestania will commence gold production at Edna May in Dec

CXO ($664m) - Core hit 92m at 1.3% Li₂O from 92m at the Blackbeard prospect within the Finniss Lithium operation

A1M ($620m) - AIC Mines hit 5.6m at 5.1 g/t gold from 493m in the first hole at Oro Grande within the Eloise regional project

WA1 ($580m) - WA1 returned 38.1m at 4.0% Nb₂O₅ from 64.2m at Luni Niobium; PFS due this quarter, MRE in Q1 CY27

MM8 ($395m) - Medallion will start gold processing at the Cosmic Boy concentrator next week under the Early Production Strategy (tolling $100/dmt), with first sales in Nov and Kundip underground first ore targeted for Q2 CY27

HCH ($284m) - Hot Chili confirmed a second porphyry centre at La Verde South with 148m at 0.44% CuEq from 36m

AS1 ($241m) - Asara's Massan drilling at Kada gold project targets indicated resource growth, with 14m at 8.3 g/t gold from 19m

SGC ($234m) - Sinclair drilled 5.4m at 15.4 g/t gold from 193m at Mt Henry, WA, extending mineralisation 230m beyond the resource

NTU ($229m) - Northern Minerals secured ASIC relief to defer its 2025/26 AGMs to Mar '27 | comedy

FAL ($114m) - Falcon hit 12m at 2.8 g/t gold from surface at Olsen Well, Errabiddy Gold project, WA | ▲ 5%

KAU ($103m) - Kaiser Reef repaid in full the Auramet gold loan, removing ~$0.6m per month of gold deliveries and leaving only 50oz per month deferred to Catalyst Metals through Oct '30; cash and bullion $40m

NVX ($83m) - Novonix and PowerCo replaced their 2024 32kt over 5 years offtake with a framework to negotiate post-qualification volume and price

PNN ($61m) - Power Minerals reported 111m at 8.3% TREO from surface at Morro do Ferro, Brazil, including 1.2m at 40.5% from 42m | ▲ 7%

QML ($52m) - QMines hit 26.2m at 1.3% Cu and 0.7 g/t Au (2.0% CuEq) from 36.4m beneath Mt Chalmers

PXX ($52m) - PolarX hit 58.5m at 2% Cu from 138.7m at Caribou Dome, extending mineralisation 60m beyond the MRE

ARI ($48m) - Arika discovered a lode at Cosmopolitan gold mine: 5m at 12.3 g/t Au from 162m, 200m beyond historical mining

MAT ($46m) - Matsa sold 7.3koz gold from Devon Pit Gold mine and reported a $39m net loss, finishing with $6.2m cash and a $21.6m working‑capital deficit

YRL ($38m) - Yandal extended mineralisation at Arrakis with 56.6m at 1.1 g/t gold from 399m, extending Domain A 100m down-dip

COB ($33m) - Cobalt Blue signed a non-binding term sheet with STG Metals for Kwinana Refinery cobalt, 500–1,000t for 3 years

VTX ($27m) - Vertex poured its first gold bar at the Reward Gold mine, moving to production with Dec output forecast at 500oz | ▼ 9%

GSN ($26m) - Great Southern’s RC drilling at Amy Clarke, Duketon gold project, returned 5m at 6.7 g/t Au from 51m

FRB ($20m) - Firebird produced 99.999% manganese sulphate and began processing Oakover Manganese project ore at the Hunan pilot plant | ▲ 14%

Albanese govt to reform Aboriginal heritage laws after court overturns McPhillamys protection order in NSW (West)

Antofagasta's Centinela copper mine strike ends after new wage deal accepted (Reuters)

Mercuria pays $250m upfront for three-year copper supply from Chinese miner (Bloomberg)

PLS commits $2.5B to expand Pilgangoora lithium mine, aiming to double output (AFR)

Gold Fields CEO Mike Fraser seeks meeting with Northern Star's board after shareholder discussions (AFR), while its acquisition strategy faces uncertainty in M&A landscape, as Fraser claims Hemi costs will exceed $1.3B (Reuters, West)

Exiro, Orion, and Canada Growth Fund acquire 81.1% of Vale's Thompson nickel complex in Manitoba, with plans to invest C$200m (Mining.com)

BlackRock urges mining giants to sell their rail networks (AFR)

NHC ($4.8B) - New Hope will acquire Malabar via an all‑scrip scheme offering 0.50 New Hope shares per Malabar share (implying ~$1.8B value), subject to various approvals, targeting completion by Mar '27 (Webcast 11AM AEST)

EZL ($217m) - Euroz Hartleys shareholders approved the sale of its Capital Markets business to BMO and a capital return

OCN ($66m) - Oceana Metals completed the acquisition of Songeo Mineração, owner of the Serra Negra rare earths & niobium project Brazil, for US$3m cash plus $5.6m in stock

SKM ($34m) - Skylark agreed to lift its Zaranou stake from 51% to 90% for US$1.2m, alongside an updated inferred MRE of 29Mt at 1.3 g/t gold for 1.2Moz

US’ Project Vault prepares $1B loans for American manufacturers seeking critical minerals (Mining.com)

ORN ($233m) - Orion secured Glencore's US$40m Tranche A and offtake for the Prieska mine, enabling development and targeting first copper and zinc production by end 2027; the US$210m Tranche B remains conditional

We suspect 29Metals is getting close to pulling the trigger on a precious metals stream, and hear it could eclipse KGL Resources' recent deal in size.

Management has made little secret of its appetite for alternative financing, with streaming repeatedly floated as a way to fund Capricorn Copper's restart without passing the hat around shareholders.

Our understanding is that a prospective deal could capture precious metal byproducts across both Golden Grove and Capricorn Copper.

EVN ($25B) - AusSuper sold $271m of Evolution shares, trimming to 15.1%

PDN ($3.1B) - Kopernik bought $58m of Paladin, taking its holding to 8.0%

OBM ($2.6B) - Ora Banda is seeking to elect John Richards at its AGM, to replace outgoing Chair Peter Mansell

CIA ($1.4B) - Kopernik bought $13m of Champion Iron shares, lifting to 10.3%

ELV ($1.0B) - Elevra will reduce its board to 6, with NEDs Allan Buckler and Jorge Beristain to resign at the AGM

CBE ($365m) - Cobre appointed Phil Mitchell as non-exec chair, with exec chair Martin Holland to become MD; CEO Adam Wooldridge joins the board as CEO/exec director, while directors Michael Addison & Andrew Sissian will retire

AT4 ($104m) - American Tungsten & Antimony appointed Ivy Estabrooke as independent NED

TG6 ($25m) - Forrestania bought $437k of TG Metals shares, lifting to 17.6%

Gina Rinehart’s loopy ‘fake media’ lecture to sick kids (AFR Rear Window)

Manipulation in the Rare Earth Market? (SSRN)

Friedland and the apocalypse (MM)

A Regime Change in Oil (Paulo Macro)

BHP and Rio have spent decades building and fiercely protecting their Pilbara rail networks, arguably their greatest strategic barriers to entry.

Selling them would mean handing that advantage to an infrastructure investor whose commercial interests won't necessarily align with theirs.

And there's a certain irony in BlackRock suggesting the idea, having already found itself on the other side of BHP's US$2bn Pilbara power infrastructure deal through its subsidiary GIP…

We think it would be short-sighted to say the least.