Aside from market conditions, June quarterly reports were expected to be weak across the board and the market got a taste of what might be to come earlier this week.
On Monday, Evolution Mining and OZ Minerals both downgraded 2022 production guidance and increased costs.
"With this backdrop the focus for investors now is ‘who's next?', as intensifying industry inflationary pressures (i.e., labour, fuel and consumables) continue to increase costs into FY23," Canaccord Genuity analysts said this week.
In terms of news outside quarterly reporting, the updated resource for Predictive Discovery's large NE Bankan gold project in Guinea is still pending.
Chalice Mining is due to report an updated resource for the world-class Gonneville deposit at its Julimar project outside Perth.
Gonneville already has a resource of 330 million tonnes at 0.94 grams per tonne palladium, platinum and gold (3E), 0.16% nickel, 0.1% copper and 0.016% cobalt, or 0.58% nickel equivalent containing 10 million ounces of 3E, 530,000 tonnes of nickel, 330,000t of copper and 53,000t of cobalt.
"There's a lot more to go at Gonneville and a lot more to go in this intrusive complex," Chalice managing director Alex Dorsch said last month.
Mincor Resources is due to report a maiden resource for the first discovery along its ‘Golden Mile' of nickel.
Macquarie has already factored in a mining inventory of 300,000 tonnes at 2.5% nickel for the LN04a discovery.
"Based on the current strike and dip extent, we believe the total mineralisation at Golden Mile could exceed 500,000t," analysts from the bank said recently.
"The Golden Mile deposit also remains open along strike and up dip."
Alicanto Minerals is due to release a maiden resource for its Sala silver-lead-zinc-copper-gold project in Sweden this month after reporting results of up to 12.7% zinc earlier this week.
Also in Europe, newly listed Nordic Nickel has an initial resource due for its Pulju nickel project in Finland.
A maiden resource is also due for Gascoyne Resources' Gilbey's North discovery, part of its Dalgaranga gold operation.
Hawsons Iron was due to report a resource update for its namesake project in New South Wales in June but informed the market yesterday that it had been delayed to late July due to wet weather, COVID-19 and the requirement for extra time to process necessary data.
The new floats have slowed due to market conditions, but Oceanic Lithium is set to be the first listing of FY23 today.
Others slated to list this month include MetalsGrove Mining, Regener8 Resources, Aeramentum Resources, Iltani Resources and Chalkos Metals.
Sarytogan Graphite has a listing date of June 30 on the ASX website but is yet to debut.
Finally, the nominees for the 2022 MNN Awards will be announced early next week with profiles on the shortlisted candidates to follow before winners are named by the end of July.
