The Pre-Start

  • SSBW.J ($12.6B) - Sibanye-Stillwater will restart Mt Lyell (Tasmania) and Burnstone gold (South Africa) for $490m and $220m, respectively

  • CXO ($1.2B) - Core Lithium will sell the remaining 25kt of lithium fines to Glencore at US$285/t, completing stockpile sales

  • BC8 ($824m) - Black Cat entered a trading halt pending a management update

  • BTR ($662m) - Brightstar produced 14.4koz gold, booked $64m revenue and a $77m net loss, closing with $122m cash (plus $161m restricted)

  • AUE ($234m) - Aurum reported 5.6m at 31.8 g/t gold from 32m at BST1, Boundiali, with an MRE update due Q4 CY26

  • ASN ($78m) - Anson received approval for up to US$194m in incentives for its Green River lithium project in Utah, a 50% property‑tax rebate over up to 25 years starting after completion | ▲ 21% - More below

  • PNN ($70m) - Power Minerals hit 88m at 6.33% TREO from surface at the Morro do Ferro rare earths project

  • TNC ($69m) - True North retracted prior reserves, production target and forecasts for the Cloncurry Copper project; PFS due Q4 '26

  • CNQ ($66m) - Clean TeQ Water secured FEED and early works for Sunrise Energy Metals' Syerston Scandium project, worth up to $5.4m

  • STM ($57m) - Sunstone lifted Bramaderos gold-copper recoveries to 80% Cu and 93% Au from 75%/85%, lifting NPV and lowering AISC

  • ILT ($37m) - Iltani hit 13m at 334 g/t AgEq from 141m at Orient Silver-Indium, Qld, with an MRE update due Q4 CY26

  • NMT ($33m) - Neometals reported 12m at 6 g/t gold from 116m in RC drilling at Ironclad, Barrambie gold project | ▲ 9%

  • EMC ($32m) - Everest appointed Hall Chadwick for a US‑focused review of Mt Edon rubidium, WA, to assess offtake/JV/standalone funding options

  • KNB ($32m) - Koonenberry defined gold/copper targets at Wilga Flats from a 1.2km Cu soil anomaly and rock chips 1.37% Cu

  • HWK ($23m) - Hawk completed Cactus Corridor drilling, Cu in 4 of 5 holes and pXRF to 35.5% Cu; mineralisation open NW

High Grade It

  • CATL's Jianxiawo mine closure in China sparks global lithium supply concerns (AFR)

  • Albemarle appoints BHP veteran Ragnar Udd as CEO amid rising lithium demand (Mining.com)

  • MinRes halts Kwinana operations after worker's arm shredded in CSI Mining Services accident (West)

  • Gold rises 0.8% to $4,422/oz as investors await US payroll data (Reuters)

  • Dutch Central Bank relocates $16.8b gold reserves from US and Canada to London amid geopolitical concerns (West)

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Wheelin’ n Dealin’

  • SMR ($2.6B) - Stanmore to acquire 100% of Moranbah South from Exxaro for US$105m, adding 724Mt M&I resources and removing up to US$60m deferred Isaac Downs Extension consideration, conditional on Exxaro buying Anglo’s 50%

  • NMR ($77m ▲ 6%) / CTO ($59m) - Native Mineral Resources formed a JV with Citigold over Charters Towers MLs, enabling feed to Blackjack ops with 50:50 share

  • GW1 ($51m) - Greenwing disclosed preliminary, non-binding talks on a strategic partnership and earn-in at the San Jorge Lithium Brine project

  • Ionic Rare Earths and US Strategic Metals form JV for $100m magnet recycling plant in Missouri (Mining.com)

Rattlin’ the Tin

  • FFM ($1.4B) - FireFly completed its raise of $180m at $1.78. $10m SPP open

  • KAO ($151m) - Kaoko is in halt to raise capital

  • POD ($30m) - Podium completed an underwritten SPP raising $4m at 3.4c

  • ADN ($28m) - Andromeda raised $3m at $0.0059 via SPP and placement

  • Ferrexpo to raise $100m via equity fundraise amid Ukraine operational setbacks (Mining.com)

Word on the Decline

  • We initially skipped past Far East Gold. Chinese bidder, obscure junior, plenty else going on. Then we noticed the chairman was Nickel Industries’ Justin Werner.

  • Now we’re interested.

  • Xingye first invested at 19.9%, then lobbed a 13c hostile bid. The independent expert reckoned FEG was worth 32-44c. Shareholders mostly resisted, but Xingye still emerged with 34.6%.

  • Now it wants Werner, CEO Shane Menere and two other directors removed.

  • Win the board spill and Xingye gets control. Lose it, and FEG is still left with a hostile 34.6% shareholder capable of blocking a scheme and complicating almost any major corporate move.

  • Put this one in the Canyon/EEA bucket. What a time to have an “aligned” strategic shareholder.

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Ownership & Oversight

  • NEM ($185B) - Newmont CEO Natascha Viljoen filed to sell 3.9k shares and disclosed Jun–Aug sales of shares for US$1.2m

  • GMD ($9.8B) - Genesis Exec Chair Raleigh Finlayson sold 5m shares for $41.3m at $8.31, retaining 32.1m shares

  • PNR ($1.1B) - Regal added $13m of Pantoro shares, lifting its stake to 10.9%

  • AMI ($791m) - Aurelia director Bradley Newcombe sold $112k of shares at 45c

  • AR1 ($186m) - Velrosso bought $1m of Austral shares, lifting its stake to 11.6%

  • FEG ($56m) - Far East Gold received notices from 5.5% holders to remove directors Tang, Hastings and Thirnbeck

  • RIM ($36m) - Rimfire appointed Bronwyn Barnes director

In the Weeds

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Devil’s in the Detail

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