Centinela Unions Launch Strike, Involving 709 Workers; Company Maintains 2026 Production Outlook

BOA Resources (ASX: BOA) reported first assay results from its maiden reverse-circulation drilling at the Ricci Lee prospect within the Neds Creek project in Western Australia, with all six initial holes returning significant copper mineralisation. Highlights include 14 m at 2.49% copper from 122 m, including 7 m at 4.60% copper (hole 26NCRC001), 15 m at 2.25% copper from 130 m (26NCRC003), and 12 m at 1.58% copper from 64 m, including 3 m at 3.38% copper (26NCRC004). Ricci Lee sits about 2 km southwest of the Thaduna deposit, which holds 4.1 million tonnes at 2.5% copper for 103,000 tonnes contained, and is interpreted as a geological analogue. Assays from a further 40 RC holes are pending into Q4 2026.

Generation Mining has commenced construction at its 100%-owned Marathon copper-palladium project in northwestern Ontario after posting the construction-phase financial assurance under its closure plan. Early works run through Q4 2026 into 2027 and include site-access road upgrades, plant-site clearing, initial water-management structures and camp expansion. The company expects initial payments of about C$30 million to secure roughly C$150 million of critical equipment at or below feasibility-study budget, and posted a C$6.5 million bond. The 2024 feasibility study outlines a 13-year mine life producing about 532 million pounds of copper and 2.16 million ounces of palladium, with an NPV of C$1.07 billion at 6% and a 28% IRR. Glencore holds offtake for the first two years.