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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 1h

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 1d

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 2d

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 2d

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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Mineral Resources Limited 4d

MinRes Expands Onslow Iron With $3.5B Build

Ken’s Bore mine near Onslow was once empty red d…

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.

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Bhp Group Limited 4d

BHP Sells $3B Stake in Pilbara Power Network

Mount Whaleback — one of the world’s largest op…

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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Lykeshares Staff 5d

Welcome dude! Happy to have you

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