Note: WGR — Gold Duke mining transition tracking Q1 2026 milestone
WGR’s thesis centres on transitioning Gold Duke from studies into mining, supported by a Board-approved decision and toll milling. Monitor Q1 2026 mobilisation.
Notes
10 updatesFast reads for catalyst tracking, risk framing, and scenario checks.
Note: Evolution Mining — Cowal OPC delivery in focus
Evolution Mining’s near-term focus is executing the approved Cowal OPC life extension, after clearing permitting and board hurdles, with cash generation as key to watch.
Note: Great Boulder Resources — Resource Growth Drill Campaign Underway
Great Boulder is conducting an accelerated multi-rig drilling campaign at Side Well to grow and upgrade its gold Resource, funded by two 2025 equity raises. Key to monitor is delivery of new resource statements and burn rate versus liquidity.
Note: Invictus Energy — Musuma-1 timing and catalyst window
Invictus Energy targets Musuma-1 drilling in H1 2026, positioning it as a high-impact exploration catalyst; real-time schedule and regulatory updates remain key.
Note: PC Gold — Near-term equity overhang, >16,000 m drilling reported
PC Gold is actively drilling (>16,000 m since mid-2025) but faces near-term dilution risk and funding dependence on upcoming proposed equity issuances.
Note: Saturn Metals — Funding spotlight after Apollo Hill PFS milestone
Saturn Metals released a PFS and maiden Ore Reserve on its Apollo Hill Gold Project; future progress now depends on clear funding pathway updates and follow-on decisions.
Note: Sunshine Metals — Ravenswood shallow gold study watch
Sunshine Metals is advancing the Ravenswood Consolidated Project with a focus on shallow oxide gold and the pending Liontown Mining Study update. Monitoring centers on the study’s outcomes and ability to underpin a development pathway.
Note: Vertex Minerals — Underground ramp test: cash stabilisation risk
Vertex Minerals’ near-term case hinges on whether the transition to underground high-grade ore production at Reward delivers improved cash receipts or cost reductions, observable in quarterly results versus the December 2025 baseline.
Note: Auric Mining — Munda process-to-cash and Burbanks facility delivery
Auric Mining entered a near-term process-to-cash window with Munda ore processing commencing in October 2025 and Burbanks facility acquisition completed. Monitoring centers on first cash receipt from Munda ore in November 2025 versus issuer expectations.
Weekly note: Copper demand narrative strengthens
Macro data points are lining up with a tighter 2H supply outlook.