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Largest Director Share Purchases in January Week 4

Largest Director Share Purchases in January Week 4

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Lykeshares Staff 1d

What is BONG88?

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Alcoa Corporation 4d

Kwinana Refinery to Close After 60 Years

The Kwinana alumina refinery in Western Australia i…

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.

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Capricorn Metals Ltd 5d

Capricorn Expands in Mount Gibson Gold District

Capricorn Metals has made a low-key Christma…

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.

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Ora Banda Mining Ltd 11d

Davyhurst Gold Mine Ramps Up After Turnaround

The Davyhurst Gold Mine in Western Australia w…

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.

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Polymetals Resources Ltd 12d

Polymetals Raises Funds to Ramp Up Endeavor Mine

The Endeavor mine in outback New South Wale…

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.

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Gorilla Gold Mines Ltd 13d

Comet Vale Gold Project Scales Up in Western Australia

The Comet Vale gold project in Wester…

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.

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Wildcat Resources Limited 13d

Reedy Gold Mine Set for New Chapter

The old Reedy Gold Mine in Western Australia is set to g…

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.

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