NST ($26B) - Northern Star lifted resources to 88.9Moz Au and reserves to 28.4Moz, with first-time inclusion of Hemi (13.2Moz resources; 5.5Moz reserves).. It also acknowledged Elliott and will review M&A options; KCGM mill expansion remains on track for early FY27

PMT ($1.4B) - PMET discovered LCT pegmatites across its properties, extending the Mickel trend to 10.5km, with Cosma channel 4.4m at 3.61% Cs₂O

EQR ($1.1B) - EQ Resources approved expansion of Mt Carbine tungsten operations in Qld

BOE ($540m) - Boss said JV partner enCore confirmed a more than 1.1km eastward extension of uranium mineralisation at Alta Mesa East (Boss 30%)

MM8 ($339m) - Medallion validated historical intercepts at Lounge Lizard: 20m at 4.65 g/t Au from 54m; Forrestania Gold MRE targeted Q3 CY2026

STN ($334m) - Saturn lifted Apollo Hill’s resource to 174Mt at 0.51 g/t Au, with 2.2Moz in measured & indicated

SKY ($247m) - Sky Metals advanced into the EIS phase, with a resource and PFS due within weeks

VTM ($184m) - Victory signed a traditional owner agreement with Wajarri Yamaji for North Stanmore, WA, enabling the grant of the mining licence

GML ($125m) - Gateway hit 10m at 2.2 g/t Au from 66m at the Yandal gold project

ARL ($122m) - Ardea pushed completion of the Kalgoorlie Nickel DFS for the Goongarrie Hub beyond 30 Jun 2026, with $84.5m of the $98.5m consortium-funded budget spent, and started a scandium recovery scoping study

DRE ($103m) - Dreadnought discovered Metzkes North at the Illaara, WA, with 4m at 6.6 g/t Au from 87m

DRX ($80m) - Diatreme extended its $1m unsecured debt facility by 12 months to 30 May 2027 at 7.5% pa

KSN ($73m) - Kingston suspended pending update on Pearse South pit wall failure

IBR ($69m) - Iron Bear applied to Canada's MPO for Project of National Significance to expedite Iron Bear project permitting and access financing

GA8 ($47m) - GoldArc's grade control drilling at Mt Stirling returned 17m at 3.48 g/t Au

JLL ($44m) - Jindalee said US Elemental filed S-4 for SPAC merger with Constellation, with Jindalee to retain >80% subject to US$20-30m PIPE

49M ($10m) - 49 Metals hit 27.4m @ 8.3g/t Au from 221m (including 9.1m @ 21.9g/t Au), interpreted as a high-grade feeder structure

European Central Bank reports gold now 27% of global reserves, surpassing US Treasuries at 22% (FT)

Urenco USA expands New Mexico uranium enrichment by 50% amid Russia ban (Bloomberg)

USA Rare Earth invests US$1.2B in South Carolina rare earth plant (Reuters)

Goldman’s and Citi raise copper price forecasts to US$15,000 (Mining.com)

China’s state-backed iron ore buyer has instructed some steel mills to ask questions about Fortescue’s new low-grade product (AFR)

EMR ($3.9B) - Emerald will cornerstone Manda, funding Pacgold's North Qld demerger with $6.4m pre-IPO and $4.3m at IPO to hold 19.9%

VYS ($443m) - Vysarn will acquire NewGround for up to 33m shares and $25m cash (28.6m shares + $8.3m upfront, balance via 3-year EBIT earn-outs)

WTM ($269m) - Waratah secured a 24‑month option to acquire Goldenclad, paying two $50k fees and $250k on acquisition in shares

CY5 ($134m) - Cygnus agreed to an all-scrip scheme with Central Asia Metals at 0.06 Central Asia Metals shares per Cygnus share, valuing it at $232m

US start-up Atana acquires exploration licences in Germany & Poland for lithium drilling (FT)

TVN ($681m) - Tivan secured $10m options underwriting and $5m placement at 30c, delivering $15m minimum funding for projects

RTR ($84m) - Rumble received the second $5m from Elemental Royalty for 2.5% NSR on Western Queen, Ramelius declining pre-emptive rights

TAM ($73m) - Tanami Gold raised $70m via an underwritten rights issue at 6c; ~$50m taken up, $20m placed by Bell Potter

Tintina secures $66m for Domeyko Sulfuros copper-gold project in Chile (Mining.com)

CopperTech plans US IPO to capitalise on mineral self-reliance policy (Reuters)

SPAC Hall Chadwick Acq. Corp agreed to merge with REEcycle, a U.S. rare earth recycling company chaired by Mick McMullen, in a deal valuing REEcycle at $400m (PR)

The obvious next shoe in manganese is Exxaro cleaning up Jupiter. Exxaro has already paid A$0.326 a share for 19.99% of JMS, bought 50.1% of Tshipi, and become Jupiter’s JV partner, largest shareholder and natural end-buyer. Jupiter still owns the remaining 49.9% of Tshipi, a 3.4Mtpa Kalahari workhorse, and had $76m attributable cash at March quarter end.

With JMS trading $0.26 a share today, below Exxaro’s own entry price, a mop-up bid would be financially digestible, strategically neat and politically simple.

Stuart Macnaughton to lead Wesfarmers' Covalent lithium JV, succeeding Ross Martelli (West)

MIN ($15B) - MinRes director Xi Xi sold 4.6k shares, now holding 12k

DBI ($2.7B) - Dalrymple appointed Pam Bains and Rhoda Harrington as independent NEDs

CTM ($340m) - Regal sold its Centaurus stake down from 6.6% to 5.6%

TTM ($209m) - Tribeca bought $3.2m of Titan shares, lifting its stake to 14.5%

GRR ($185m) - Grange appointed Jie Yu as a non-independent NED

PTR ($43m) - PTR director Donald Stephens resigned effective 31 May

YUG ($36m) - Yugo Metals appointed Cameron Peacock as NED

Commodities Demystified (Trafigura) An old guide we stumbled back across - great for anyone curious about the art of commodity trading

Mining’s least difficult child leads a rare earths revolution (AFR op-ed)

Federal Budget to boost exploration remuneration (Strictly Boardroom)

The precarious balancing act Michael Chaney faces dealing with activist Elliott (Australian)

Northern Star’s first reserve for Hemi today since the acquisition of De Grey. We can’t see a capex number in there.

And separately, a hopeful tonnage figure slipping in…