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Rio greenlights $1.1b Pilbara mine expansion

Rio Tinto has approved a $1.1 billion expansion at its West Angelas hub in the Pilbara, Western Australia, alongside Japanese partners Mitsui and Nippon Steel.

Where it is

West Angelas is a major iron ore operation in the Pilbara and has been mining since 2002.

What the expansion ...
Rio greenlights $1.1b Pilbara mine expansion

Rio Tinto has approved a $1.1 billion expansion at its West Angelas hub in the Pilbara, Western Australia, alongside Japanese partners Mitsui and Nippon Steel.

Where it is

West Angelas is a major iron ore operation in the Pilbara and has been mining since 2002.

What the expansion does

The plan is to develop new iron ore deposits within the Robe River joint venture, supported by state and federal approvals.

Why it matters

Rio says the project helps maintain production around 35 million tonnes a year, keeping Pilbara exports moving, more trains, more shiploads, and the same long-running “Pilbara workhorse” operating for longer.
Lykeshares Official
Wonawinta Silver Mine Eyes a Comeback

Manuka Resources (ASX: MKR) says it’s gearing up for a restart at Wonawinta, after the operation has been on care and maintenance.

The funding

Manuka has announced firm commitments for a A$15 million capital raise, aimed at accelerating work toward bringing Wonawinta back into production.

Why ...
Wonawinta Silver Mine Eyes a Comeback

Manuka Resources (ASX: MKR) says it’s gearing up for a restart at Wonawinta, after the operation has been on care and maintenance. 

The funding

Manuka has announced firm commitments for a A$15 million capital raise, aimed at accelerating work toward bringing Wonawinta back into production. 

Why this site is “restart-ready”

The project already has a built processing plant (about 1Mtpa) and site infrastructure, which means the plan is largely refurbish and recommission, rather than build from scratch. 

How big is the silver opportunity?

Manuka has previously reported a total Wonawinta silver resource of ~51 million ounces, and a maiden ore reserve of ~8.4 million ounces (reserve is the more “mineable” subset). 
Wonawinta is in the Cobar Basin in outback New South Wales, about 80km south of Cobar. 

The China angle

Adding to the timing: China has announced tighter controls on silver exports, using an export licensing approach for 2026–2027, which has raised global supply concerns.
Lykeshares Official
Rio Tinto kicks off Rhodes Ridge early works

Rio Tinto has started early works at Rhodes Ridge in Western Australia’s Pilbara, a project often described as the region’s “last crown jewel”.

What Rio is doing now

The first phase includes a US$191 million feasibility study (reported as about A$294 million) to progress plans ...
Rio Tinto kicks off Rhodes Ridge early works

Rio Tinto has started early works at Rhodes Ridge in Western Australia’s Pilbara, a project often described as the region’s “last crown jewel”.

What Rio is doing now

The first phase includes a US$191 million feasibility study (reported as about A$294 million) to progress plans for a major new iron ore operation.

The target

Rio is aiming for the project to be producing around 40–50 million tonnes a year by 2030, subject to approvals.

The scale

Rhodes Ridge is estimated to hold about 6.8 billion tonnes of high-grade iron ore, making it one of the largest undeveloped iron ore deposits on the planet.

Why it matters

If it gets the green lights, Rhodes Ridge could help support Pilbara exports for decades, using Rio’s existing regional infrastructure as development ramps up.
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$AAI Kwinana Refinery to Close After 60 Years

The Kwinana alumina refinery in Western Australia is closing permanently after more than six decades of operation. The facility has been a major part of the local industrial landscape since the 1960s.

Why It’s Closing

Alcoa says the refinery is too old, too expensive to run, ...
Kwinana Refinery to Close After 60 Years

The Kwinana alumina refinery in Western Australia is closing permanently after more than six decades of operation. The facility has been a major part of the local industrial landscape since the 1960s.

Why It’s Closing

Alcoa says the refinery is too old, too expensive to run, and no longer competitive to restart. Production at the site was already curtailed in 2024, and studies into restarting the plant found no viable long-term path forward.

Cost of the Shutdown

Closing the refinery will cost around $890 million, with approximately $600 million expected to be spent over the next six years. These costs cover site closure, remediation, and long-term obligations.

What Happens Next

While the refinery itself will shut down, port and rail operations at Kwinana will continue. The site will be prepared for future redevelopment, marking the end of alumina refining at Kwinana but leaving the door open for new uses of the land.
Lykeshares Official
$CMM Capricorn Expands in Mount Gibson Gold District

Capricorn Metals has made a low-key Christmas acquisition in Western Australia’s Mount Gibson gold district, strengthening its regional footprint.

The company has agreed to buy the nearby Yalgoo project for $4.5 million, adding around 1,000 square kilometres of prospective ground to its existing exploration holdings.

Strengthening ...
Capricorn Expands in Mount Gibson Gold District

Capricorn Metals has made a low-key Christmas acquisition in Western Australia’s Mount Gibson gold district, strengthening its regional footprint.

The company has agreed to buy the nearby Yalgoo project for $4.5 million, adding around 1,000 square kilometres of prospective ground to its existing exploration holdings.

Strengthening the Mount Gibson footprint

The Yalgoo project sits close to Capricorn’s recently acquired Golden Range and Fields Find projects, both located near the Mount Gibson area. The land package is considered prospective for gold and copper, with scope for future discoveries.

Rather than a short-term production move, the acquisition is aimed at long-term consolidation across the district.

Focus on future ore supply

Capricorn has positioned the deal as a strategic step to secure potential future ore sources, supporting the long-term outlook for mining operations in the Mount Gibson region.

The acquisition reflects an end-of-year strategy focused on locking up ground early, while exploration activity is expected to ramp up in future years.
Lykeshares Official
$OBM Davyhurst Gold Mine Ramps Up After Turnaround

The Davyhurst Gold Mine in Western Australia was once seen as a challenged operation. After a period of underperformance, the mine has now returned to growth following a major operational reset.

Operations Back on Track

Ora Banda Mining cleaned up its mining and processing operations, improving ...
Davyhurst Gold Mine Ramps Up After Turnaround

The Davyhurst Gold Mine in Western Australia was once seen as a challenged operation. After a period of underperformance, the mine has now returned to growth following a major operational reset.

Operations Back on Track

Ora Banda Mining cleaned up its mining and processing operations, improving reliability and lifting gold output. These changes helped stabilise production and improve overall performance at the site.

Strong Financial Results

In 2025, the company sold more than $400 million worth of gold, delivering $186 million in profit. The result reflects higher production levels and improved operating efficiency.

Growth Ahead

With production expected to more than double by next year, Davyhurst is entering a new phase. The focus has shifted from fixing problems to scaling production, raising questions about how large the operation could become.
Lykeshares Official
$POL Polymetals Raises Funds to Ramp Up Endeavor Mine

The Endeavor mine in outback New South Wales is ramping back into production after a period of inactivity. The historic silver-zinc operation has recently restarted, with mining activity building as the site returns to steady operations.

$34 Million Capital Raise

Polymetals Resources has raised more ...
Polymetals Raises Funds to Ramp Up Endeavor Mine

The Endeavor mine in outback New South Wales is ramping back into production after a period of inactivity. The historic silver-zinc operation has recently restarted, with mining activity building as the site returns to steady operations.

$34 Million Capital Raise

Polymetals Resources has raised more than $34 million through a capital raising to support the next phase of work at Endeavor.
The funds will be used to accelerate drilling, lift mining rates, and strengthen the company’s balance sheet as production increases.

Focus on Drilling and Production

The capital injection allows Polymetals to expand near-mine and regional drilling programs while increasing mining activity at the site. The company has flagged higher mining rates as operations progress, supported by improving cashflow from the restart.

Timely Boost Amid Strong Silver Prices

The funding comes at a time of strong silver prices, providing a favourable backdrop for the restart. With production ramping up and exploration continuing, Polymetals is positioning Endeavor as a potential long-life asset within its portfolio.
Lykeshares Official
$GG8 Comet Vale Gold Project Scales Up in Western Australia

The Comet Vale gold project in Western Australia, once a quiet and largely forgotten mine, is back in focus as drilling activity ramps up across the site. What was previously a small resource has now grown significantly following a year of sustained ...
Comet Vale Gold Project Scales Up in Western Australia

The Comet Vale gold project in Western Australia, once a quiet and largely forgotten mine, is back in focus as drilling activity ramps up across the site. What was previously a small resource has now grown significantly following a year of sustained exploration.

Major resource increase confirmed

Gorilla Gold has announced that the gold resource at Comet Vale has increased almost nine-fold. The update adds approximately 765,000 ounces of gold, marking one of the company’s most significant milestones to date.

The growth comes after an intensive drilling campaign that expanded known mineralisation and improved confidence across multiple areas of the project.

Timing aligns with strong gold prices

The upgrade arrives at a favourable time, with gold prices sitting above $6,000 an ounce in Australia. Higher prices improve the potential economics of gold projects and can increase investor interest in juniors that successfully grow their resource base.

What comes next for Comet Vale?

With drilling ongoing and early development studies underway, attention now turns to how large Comet Vale could ultimately become. While further work is needed, the latest results suggest the project has moved beyond early exploration and into a new phase of growth.
Lykeshares Official
$WC8 Reedy Gold Mine Set for New Chapter

The old Reedy Gold Mine in Western Australia is set to get a second chance, following a major corporate restructure by Westgold Resources.

Westgold has announced plans to spin out the Reedy project, along with the nearby Comet project, into a new ASX-listed company called ...
Reedy Gold Mine Set for New Chapter

The old Reedy Gold Mine in Western Australia is set to get a second chance, following a major corporate restructure by Westgold Resources.

Westgold has announced plans to spin out the Reedy project, along with the nearby Comet project, into a new ASX-listed company called Valiant Gold.

Fast Track to Processing

Under the proposed structure, ore from Reedy and Comet will be processed at Westgold’s existing plants. This removes the need for Valiant to build its own processing facilities, providing a lower-capital and faster pathway back to gold production.

The Reedy and Comet assets include historic underground mines with recent production history and established infrastructure.

Westgold Retains Exposure

Following the spin-off and IPO, Westgold will retain up to 48 per cent of the new company. This allows Westgold to stay exposed to any upside from future production or exploration success, while focusing its capital on larger, core operations.

Unlocking Smaller Gold Assets

The spin-out structure is designed to unlock value from smaller gold assets that may struggle to compete for capital within a larger producer.

With a dedicated management team and access to processing infrastructure, Valiant Gold is positioned to advance Reedy and Comet independently — raising the question of whether this model could become a blueprint for reviving other historic gold mines across Western Australia.
Lykeshares Official
$MIN MinRes Expands Onslow Iron With $3.5B Build

Ken’s Bore mine near Onslow was once empty red desert. Today, it sits at the centre of one of Australia’s largest new iron-ore developments, as Mineral Resources continues to scale up its Onslow Iron project in Western Australia.

New Mines, Port and Haul Road

MinRes is ...
MinRes Expands Onslow Iron With $3.5B Build

Ken’s Bore mine near Onslow was once empty red desert. Today, it sits at the centre of one of Australia’s largest new iron-ore developments, as Mineral Resources continues to scale up its Onslow Iron project in Western Australia.

New Mines, Port and Haul Road

MinRes is expanding the Onslow Iron hub with new mining areas, a deep-water port and a 150-kilometre auto-haul road designed for autonomous road trains. The infrastructure forms part of a $3.5 billion investment aimed at building a large, long-life iron-ore operation with efficient logistics.

Focus on Cost and Scale

The project has been designed with cost control in mind. MinRes has previously sold a stake in the haul road infrastructure to reduce capital requirements while keeping access to the critical transport corridor.

Competing in a Changing Market

As new iron-ore supply comes online globally, including from major projects in Africa, MinRes is positioning Onslow Iron to compete on cost and reliability. The success of the project will depend on whether its scale and infrastructure can deliver the low-cost edge the company is building toward.
Lykeshares Official
$BHP BHP Sells $3B Stake in Pilbara Power Network

Mount Whaleback — one of the world’s largest open-cut iron-ore mines — depends on a vast inland power network that keeps crushers, haul roads and remote camps running across the Pilbara.
This network supplies electricity not only to Mount Whaleback, but to BHP’s broader ...
BHP Sells $3B Stake in Pilbara Power Network

Mount Whaleback — one of the world’s largest open-cut iron-ore mines — depends on a vast inland power network that keeps crushers, haul roads and remote camps running across the Pilbara.
This network supplies electricity not only to Mount Whaleback, but to BHP’s broader Western Australia Iron Ore (WAIO) operations and the nearby township of Newman.

BlackRock Buys Nearly Half

BHP has sold a near-half stake in this power system to US investment firm BlackRock’s Global Infrastructure Partners division in a deal worth $3 billion (AUD equivalent).
Despite the sale, BHP retains operational control of the network.
The new structure means BHP will pay an agreed tariff for the electricity it uses over a 25-year period.

Freeing Up Capital for Growth

BHP says the move allows it to recycle capital from long-life infrastructure into higher-return opportunities across its iron-ore business.
Industry analysts note the deal is aimed at improving capital efficiency while maintaining stable power supply to essential mining operations.

Why It Matters

Power reliability is core to Pilbara iron-ore production, and the deal does not affect existing agreements with traditional owners, the WA Government, or local communities.
With global iron-ore competitors tightening costs and new supply emerging, BHP is positioning itself to maintain long-term productivity and financial flexibility.

What Happens Next

The agreement is subject to approval from the Foreign Investment Review Board (FIRB), but no operational changes are expected.
BHP has reiterated its medium-term goal of lifting Pilbara iron-ore output toward 305 million tonnes per year.
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$FEX Fenix Shifts Iron Ore Focus to Weld Range

Every year, millions of tonnes of iron ore leave Western Australia’s red desert, feeding global steel markets. Now Fenix Resources is repositioning its iron ore operations, placing the Weld Range at the centre of its future production plans.

As the company’s earlier pits begin ...
Fenix Shifts Iron Ore Focus to Weld Range

Every year, millions of tonnes of iron ore leave Western Australia’s red desert, feeding global steel markets. Now Fenix Resources is repositioning its iron ore operations, placing the Weld Range at the centre of its future production plans.

As the company’s earlier pits begin to wind down, Fenix is moving toward a more centralised approach focused on long-term stability and scale.

From multiple pits to one long-life hub

The Weld Range offers Fenix a long-life iron ore resource supported by a 30-year mining agreement. By concentrating operations in one area, the company aims to lift output while simplifying its production footprint.

This shift marks a move away from shorter-life pits toward a more sustained operating base.

Port access underpins the strategy

A key advantage of the Weld Range is its access to Geraldton Port, which supports the transport and export of iron ore from WA’s mid-west. This connection strengthens the project’s role in Fenix’s broader logistics and export strategy.

A foundation for the next phase

With its focus now turning to the Weld Range, Fenix is positioning the project as the anchor of its next phase of iron ore production. The strategy reflects a broader push toward scale, efficiency, and long-term continuity.

Whether the Weld Range becomes the defining chapter in Fenix’s iron ore story will unfold as the transition progresses.
Lykeshares Official
$WC8 $680m Pilbara Lithium Push Takes Shape at Tabba Tabba

Just outside Port Hedland, in the heart of Western Australia’s Pilbara, Wildcat Resources is advancing its Tabba Tabba lithium play — a rapidly progressing project positioned in one of the world’s most active battery-minerals regions.

The project sits roughly 80 kilometres from port ...
$680m Pilbara Lithium Push Takes Shape at Tabba Tabba

Just outside Port Hedland, in the heart of Western Australia’s Pilbara, Wildcat Resources is advancing its Tabba Tabba lithium play — a rapidly progressing project positioned in one of the world’s most active battery-minerals regions.

The project sits roughly 80 kilometres from port infrastructure, giving it a logistical advantage as lithium demand stabilises.

PFS Outlines $443m Stage 1 Build

A recently completed Pre-Feasibility Study outlines an estimated $443 million capital cost for Stage 1 development, including processing infrastructure designed to extract spodumene concentrate from large pegmatite bodies on site.

This is complemented by $144 million in pre-strip mining, required to expose the initial ore zones and prepare the pit for early production.

These figures combine for a total pre-production estimate of around $680 million, positioning Tabba Tabba as one of the more advanced lithium developments in the Pilbara.

Why the Project Matters

Wildcat Resources has been pushing the project forward with aggressive drilling, resource expansion, and technical studies.

With mining leases granted and development studies underway, Tabba Tabba is emerging as a notable contender in Western Australia’s next wave of lithium supply.

Could It Become a Standout WA Lithium Mine?

Much will depend on lithium pricing, global supply dynamics, and the project’s final feasibility outcomes.
But with strong infrastructure links, a large-scale development plan, and a significant pre-production budget, Tabba Tabba is firmly on the radar as one of Western Australia’s most advanced lithium projects.
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