Greatland Resources opened FY27 with September quarter production of 70,131 ounces of gold and 2,927 tonnes of copper from Telfer at an all in sustaining cost of A$2,925 an ounce. Net revenue was A$485 million on sales of 71,901 ounces at an average realised price of A$5,980 an ounce, operating cash flow was A$289 million and the closing cash balance reached A$1,314 million with no debt. Development has started at the Havieron gold copper project after all secondary approvals, with A$45.2 million of development capital spent in the quarter, and the company held FY27 guidance of 260,000 to 300,000 ounces. Telfer’s cash generation is what funds Havieron without new equity.
Capricorn Metals drilled 26,668 metres in 88 holes at the Mt Gibson gold project in Western Australia in the September quarter, returning intercepts including 6 metres at 57.38 grams per tonne gold from 616 metres and 7 metres at 40.01 grams per tonne at the Lexington prospect, plus 3 metres at 89.88 grams per tonne at Hornet beneath the reserve pit. Mineralisation sits outside current pit and underground designs and stays open, supporting a maiden inferred underground resource at Lexington expected later this quarter.
Wiluna Mining has repaid the remaining approximately A$40 million under contractor Byrnecut’s secured loan from its A$180 million IPO proceeds, and with all convertible notes converted during the listing it is now free of secured debt and borrowings. Byrnecut’s security over the assets and tenements will be released. The reset funds a two year programme of about 220,000 metres of drilling toward a restart decision at the Wiluna gold project, which hosts a 7.1 million ounce resource.
Queensland has opened the Queensland Resources Common User Facility in Townsville, an Australian first common user critical minerals processing plant backed by A$146.1 million in the state budget. Companies can test and validate processing at scale without building their own demonstration plants. Initial work focuses on vanadium, with Vecco Group as foundation customer validating high purity vanadium for flow batteries, and expansion into cobalt and rare earths planned.
Egypt’s Ministry of Petroleum and Mineral Resources and the World Bank Group have launched a partnership and national charter to develop the mining sector, one of eight country compacts under which the World Bank Group plans to lift metals and minerals support fivefold to $19 billion over fiscal 2026 to 2030. Egypt’s compact targets mining at 6 percent of GDP by 2030 and $9.8 billion of metals and minerals exports by 2040, on legal, fiscal, geological data and digital reforms. The targets are ambitions, not current contributions.
Nigeria’s Economic and Financial Crimes Commission said it arrested 14 Chinese nationals and one Nigerian on October 23 at four illegal lithium processing plants in Ogere, Ogun State, recovering bags of lithium rock, 18 mobile devices, four laptops and a trailer truck. The suspects are to be charged when investigations conclude. The raid is the enforcement counterpart to Nigeria’s push to formalise lithium processing onshore.
In Argentina, a Plusmining analysis published by Mining.com finds Chinese companies account for just 9.2 percent of investment approved under the RIGI large investment regime when weighted by actual equity, about $1.95 billion of $21.2 billion in approved mining projects, against a widely cited claim linking Beijing to 70 percent of planned lithium capacity. The 70 percent figure counts announced capacity at any project with a Chinese shareholder, including unapproved ones. Pending applications could lift the weighted share to 22.3 percent.
In Mozambique, allAfrica reported that Dingsheng Minerals may resume operations very soon at its heavy sands operation; no date or terms were given in the report available. Also in gas rather than mining, EQT’s agreement to buy Range Resources in an all stock deal valued above $50 billion is covered in today’s commodities and infrastructure reporting and is not duplicated here.