The Pre-Start

  • MI6 ($2.2B) - Minerals 260 received Works Approval for Bullabulling, enabling processing plant, power and TSF construction, with remaining permits to support an FID in Q1 CY27

  • BTR ($910m) - Brightstar returned 305m at 2.66 g/t gold from 503m at Two Mile Hill-Shillington, extending below the MRE

  • AR1 ($143m) - Austral took delivery of a 4.75MW SAG mill for the Rocklands Copper project, with production targeted for H2 2027 | ▲ 6%

  • TLG ($102m) - Talga said Talnode‑C graphite anodes enabled KRI Li‑ion cells to 8,000 cycles at 75% capacity; samples available, scale‑up targeted 2030 | ▲ 12%

  • WCN ($100m) - White Cliff reported 63m at 0.39% Cu from 21m at Danvers 1, and logged copper sulphides to 521m downhole

  • BRL ($84m) - Bathurst received a NZ$3.3m dividend from 65%-owned BT Mining

  • AUZ ($74m) - Australian Mines appointed Tribeca Capital Advisory as corporate adviser to secure funding, offtake and partners for Flemington

  • ESR ($60m) - Estrella released a scoping study for the Werumata Limestone project in Timor-Leste modelling 25Mtpa with NPV₁₀ US$1.5B and 46% IRR, OPEX US$7.9/t, and a Stage 1 8Mtpa start-up capex US$117m

  • ARL ($58m) - Ardea's scoping study for a scandium recovery circuit at Goongarrie Hub, estimates NPV₇ US$510m for US$73.5m capex

  • AQD ($55m) - AusQuest reported 618m at 0.26% Cu from 36m at Cangallo, Peru, including 114m at 0.40% Cu from 88m

  • FXG ($54m) - Felix Gold lodged a mine permit at NW Array, Alaska, to produce an antimony concentrate from June 2027

  • YRL ($39m) - Yandal reported 17.8m at 2.5 g/t gold from 391m at Arrakis, WA

  • AGC ($35m) - Australian Gold & Copper returned 16m at 2.3 g/t gold, 1.4% Cu and 12.2% Pb+Zn from 112m at Evergreen

  • VKA ($23m) - Viking reported 9.9m at 0.51% WO₃ from 58.7m at Linka Tungsten project, Nevada, and re‑assays lifted two intercepts by 12–15%

High Grade It

  • Sprott warns of deepening mining equity-fundamentals disconnect (MN)

  • BHP's Tim Day warns Australia becoming harder for business, hints at shifting investment overseas (West)

  • Ganfeng warns of extreme lithium price swings amid volatile market conditions (Bloomberg)

  • Rio's Australian smelters saved by $4.7B gov’t aid, shift to renewables (Australian), as it backs its green aluminium to see off Indonesian supply surge (AFR)

  • Lithium Americas raises Thacker Pass construction cost to $3.83B due to Trump tariffs (Bloomberg)

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Wheelin’ n Dealin’

SS&C Intralinks
  • VAU ($6.6B) - Vault shareholders approved the scheme for acquisition by Genesis; Court approval is set for 16 Nov

  • ALS.TO (C$3B) - Altius is acquiring TNR Gold for C$122m, a 60% premium, via C$97m in Altius shares and C$25m in SpinCo equity

  • A1M ($552m) - AIC completed the acquisition of Materra (owner of the Mt Cuthbert)

  • FLG ($57m) - Flagship entered into an option to acquire 100% of the Fortuna Valle Cu-Au project in Coquimbo, Chile

  • AKA ($34m) - Aureka will issue 53.3m shares (valued at $6.4m) to acquire 100% of High Grade Holdings

  • Macquarie analysts urge Gold Fields to increase $36B offer for Northern Star by $7/share (Australian)

  • STG Metals in talks to finance Mining Minerals Resources for Congo tin supply deal (Bloomberg)

  • Andi Syamsuddin Arsyad considers bid for Eramet's nickel mine stake (Bloomberg)

  • Rio shortlists five bidders for $7B infrastructure assets in Pilbara and Canada (AFR)

Rattlin’ the Tin

  • PDN ($3.9B) - Paladin in trading halt pending capital raise announcement

  • MPK ($195m) - Many Peaks entered a halt to raise $60m at $1 a share

  • AEU ($157m) - Atomic Eagle received $10.9m after largest holder Menel early-exercised 35m options

  • AWJ ($46m) - Auric raised $17m at $0.185 via a placement

  • AMD ($42m) - Arrow raised $5.5m at 2c for Pannawonica

Ownership & Oversight

  • BHP selects ex-Macquarie analyst Adrian Wood as new CFO after Pant quits (AFR)

  • A4N ($595m) - AusSuper lifted its stake in Alpha HPA to 6%

  • BKY ($359m) - Paradigm trimmed its holding in Berkeley to 7.8%

  • TSO ($169m) - Collins St sold ~$1.2m of Tesoro shares, trimming to 8%

  • MMA ($127m) - Nokomis bought $29.6m of Maronan shares

  • KZR ($57m) - Muqasab SPV Holdings took a 10% stake in Kalamazoo via an off-market placement for $7.8m at 18c

Banging effort from Jordi out the gate 👏 16 seats left.

The Directors Dinner by IMDEX
 Perth     Wed 9 Dec     25 seats
Tony Kiernan, Mark Connelly, Russell “Rusty” Delroy, Sam Berridge, Alex Hewlett, Paul House, Trav and JD, plus 17 moreMore →
How to get a seat: each weekday, the top referrer wins one.
Seat 9 · Wednesday’s winner
Jordi Montaner
Associate, Moelis Australia
Referred 18 new readers
How’d you do it?
“Circulated the link internally with the promise of a fractional interest in a gold bar. Allocation TBC.”
16 seats left
16 seats left · Day 2 of 17
Today’s seat · closes 5pm AWST
Today’s leader: 39 so far.
Wednesday’s took 18. {{race_line|You’re on 0 today: one referral gets you on the board.}}
Your link + leaderboard →

In the Weeds

  • Argonaut's Dave Franklyn sees value in junior copper miners amid recent sell-off (Stockhead)

  • Ashurst Perkins Coie's dealmaker predicts strong gold M&A activity in WA through 2027 (West)

  • Start-up plugs a gap in the mining and energy sectors (AFR)

Devil’s in the Detail

  • Just don’t look at the actual copper grade!

Today’s Top Tweet

Our Latest Show

We Won't Die Wondering (Nic Earner)

Alkane has spun out a rare earths business, found a copper-gold porphyry, made a 7-8x on Genesis and merged with Mandalay.

And gone from single-mine producer to the ASX 200.

We sat down with MD Nic Earner to hear how.

This newsletter is for general information, education & entertainment. Money of Mine is not licensed and does not know your circumstances. Nothing here is financial, legal or tax advice – seek professional advice and read any PDS before acting. We aim for accuracy but make no guarantees and accept no liability. Views are opinions only and may include forward-looking statements that may not occur. See our Privacy Policy.

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