Announcements

Novo Resources is gearing up to drill its Wyloo antimony project in WA's Pilbara later this month, after finalising the A$6.2-million phase one tranche of an A$8.2M March placement, with A$2M still to come in tranche two. Drilling will kick off with 2500m of reverse-circulation holes at Wyloo, before moving to maiden drilling at Cronus, follow-up aircore drilling at Balla Balla and then its Teichman project, targeted for September.

Meeka Metals has shrugged off soggy conditions at its Murchison gold project, lifting mill throughput by a notable 37 per cent to 123,000 tonnes for the March quarter. While the weather impacted gold production, the company still grew its cash position to $50.1 million and says it will now feed the plant with higher-grade ore during the current June quarter.

Terrain Minerals is drilling its Smokebush gold project in Western Australia, chasing a maiden resource at Lightning after a run of strong gold and silver hits and follow-up work at Wildflower. The company is also advancing gallium and rare earths at its Larin's Lane prospect and drilling for rare earths at Lort River near Esperance, setting up a busy run of assays and updates.

Peninsula Energy has converted about US$4.1M of its convertible loan into roughly 19.8M shares at A$0.30, reducing its Davidson Kempner facility to about US$4.2M. The move marks the second reduction of the US$15M facility secured in July 2025 and aligns with its A$0.30 equity raise, strengthening the company's balance sheet as it advances uranium production at Lance.

St George Mining's Araxá drilling in Brazil has delivered its thickest intercept yet, headlined by 178.7 metres at 4.34 per cent total rare earth oxides and 0.75 per cent niobium pentoxide from surface. More long, high-grade hits continue to stack up, supporting a scoping study for a potential niobium operation and adding serious momentum to resource growth.

A surprise Easter gift has landed for Red Metal Limited shareholders after the company proposed an in-specie distribution of the majority of its 35.2 per cent stake in Maronan Metals. Eligible holders will receive one Maronan share for every 5.25 Red Metal shares held on May 14. The move creates a win-win, allowing Red Metal to focus on its massive Sybella rare earths discovery in northwest Queensland.

The Bulls N' Bears ASX Runner of the Week is… Cassius Mining, which more than doubled on its explosive $1.32B damages claim against the Ghanaian government in a David vs Goliath mining dispute. Cauldron Energy ran on a mystery share buyer – or two - of its uranium projects, as nuclear returns to prominence, Janus Electric's battery-powered trucks charged amid the fuel crisis and Omega Oil and Gas surged on hopes it can one day bolster Australia's domestic fuel supply.

Rio2 Limited has tightened the screws on its balance sheet and bolstered its bench, slicing US$20 million off the debt for its Peruvian Condestable copper project whilst unveiling a seasoned management line-up. With gold flowing at its Fenix project in Chile and copper exploration humming in Peru, the company is shaping up for a disciplined growth run with a considerably sharper financial edge and deeper operational firepower.

Beetaloo Energy has significantly bolstered its war chest, banking a cool $15.4 million cash refund courtesy of the Federal Government's Research and Development tax incentive scheme.

St George Mining has signed a memorandum of understanding with Boston Metal to test Boston Metal's molten oxide electrolysis process for producing ferroniobium at the Araxá project in Brazil. The process could simplify conventional refining steps, lower costs and cut carbon emissions, with rare earths also potentially concentrated in slag, thereby reducing onward processing costs.

BMG Resources has launched diamond drilling at its Abercromby gold project in Western Australia, testing for high-grade extensions to its 518,000-ounce gold resource. With reverse circulation pre-collars finished, the diamond rigs are now targeting depths of up to 500 metres at its Capital deposit. Results are expected within weeks as the company nears completion of a scoping study for the project.

Larvotto Resources has unveiled more encouraging drilling results from its historic Metz Mining Centre, part of the company's Hillgrove antimony-gold project in NSW. Results included thick antimony-gold zones, including a broad 31.5-metre mineralised run with high-grade tungsten, lending further weight to a looming resource and reserve upgrade.

Lindian Resources has landed a fresh $100 million in funding through a placement to fully fund its stage one Kangankunde rare earths project in Malawi and its SARECO processing facility in Kazakhstan. The raise establishes a debt-free path to production and enables the company to accelerate its stage two mine expansion plans, strengthening its position as an integrated rare earths supplier.

Dateline Resources has completed a $50M placement to leading institutional investors, taking cash holdings to $96M and putting its Colosseum gold project in California firmly on the path to production. More than 95% of the funds came from financial institutions, signalling a powerful endorsement of the project's quality. Enabling works are already underway on site, the bankable feasibility study is due this month and SEC registration is advancing.

St George Mining has linked up with a globally-leading European rare earths processing firm to conduct testing on the company's hard-rock rare earths material at its blockbuster Araxá project, in the Brazilian State of Minas Gerais. Management has signed a memorandum of understanding with the industry-leading Spanish engineering firm, Tecnicas Reunidas S.A, to process samples from the high-grade Araxá resource to produce a mixed rare earth carbonate.

Great Southern Mining has launched a maiden deep diamond drilling campaign at its Golden Boulder discovery within Western Australia's Duketon Gold Project. The program features a 700-metre government-co-funded hole at the Ogilvies prospect, marking the first drilling beyond 155 metres in depth in the area. It aims to unlock the primary source of a 3.5-kilometre gold system that has previously yielded high-grade intercepts.

MetalsGrove Mining has upgraded its Fifty-Five prospect at the Zuénoula project in West Africa, after soil sampling returned a remarkable peak soil gold value of 583ppb gold in a 3.3-kilometre-long section of a more extensive northeast-trending structural corridor. The regional sampling program has outlined seven prospects across the permit, with further infill and step-out sampling planned alongside regolith mapping and high-resolution LiDAR interpretation, ahead of drill targeting.

Beetaloo Energy is emerging as a standout in the Northern Territory Beetaloo Basin after global major INPEX farmed into nearby acreage and competitors refined their positions. With 100 per cent ownership, strong flow results and key approvals secured, the company offers a rare unencumbered entry point as corporate interest builds ahead of potential first gas in 2026.

The Bulls N' Bears ASX Runner of the Week is… Killi Resources, after a boardroom makeover lured in ex-Fortescue boss Nev Power in a bold tilt for its Mt Rawdon West gold-copper play, in Queensland. Amplia Therapeutics more than doubled after delivering another eye-popping complete cancer response in its pancreatic cancer trial, NuEnergy ripped higher in a speculative frenzy amid tightening gas supply concerns, alongside the worsening Cyclone Narelle and 4DMedical charged again after the world-renowned Mayo Clinic deployed its breakthrough CT:VQ lung imaging tech.

American West has kicked off a 5000m diamond drilling program at its West Desert project in Utah, USA, chasing multiple high-priority indium and gallium targets beyond the company's existing resource footprint. The program will test for high-grade indium-copper-silver-gold skarns in the company's Goldilocks Zone, Apex-style gallium targets along the Juab Fault and other gravity and magnetic geophysical anomalies similar to those at its West Desert resource.

Neometals Limited has delivered a compelling exploration update from its Barrambie gold-silver-copper project near Sandstone in WA's Mid West region. Newly received silver assays from drilling of the historic Rinaldi copper mine have strengthened the company's case for a coherent primary hydrothermal copper-silver system. The strong positive correlation between silver and copper downhole indicates that silver is genetically linked to a primary copper sulphide mineralising system and not just a surface effect.

Corazon Mining has kicked off a 1000m maiden diamond drilling campaign at the company's Two Pools gold project in Western Australia. The program will target high-grade mineralisation and the previously identified critical structural controls. With a refreshed corporate strategy and a parallel review of its nearby Feather Cap gold project, Corazon is aggressively moving to prove up the regional gold inventory.

MetalsGrove Mining is emerging as a focused West African gold explorer, with early soil sampling and mapping defining multiple targets at its Zuénoula project in Côte d'Ivoire. The project forms part of a larger 1315-square-kilometre landholding along a highly prospective Birimian greenstone belt, where the company is steadily moving towards drill ready targets.

Triangle Energy has locked in financing from ASX-listed Winchester Energy and Triangle's wholly owned subsidiary, Tetragon Energy, to fund an Indonesian Joint Study in an offshore oil and gas exploration license in Indonesia. The deal will spread the costs and risk while allowing the company to retain a 51 per cent stake and operatorship in any future PSC.

Lindian Resources has brought its Tipume accommodation camp online at its Kangankunde rare earths project in Malawi, enabling workforce mobilisation and removing a key logistics constraint as construction ramps up. The camp underpins Lindian's push toward first rare earths production targeted for Q4 2026.

Aurum Resources has secured firm commitments for a $28.8M placement at a premium price of 60 cents per share, anchored by Perseus Mining's $23.69M investment for a 9.9 per cent stake. With cash expected to top $60M, Aurum will push ahead with a Boundiali feasibility study and a 130,000-metre drilling program across its Boundiali and Napié gold projects in Côte d'Ivoire, West Africa.

Siren Gold's latest infill drilling campaign has kept the solid gold hits coming at its Sams Creek project, sitting at the top of New Zealand's South Island in the picturesque Golden Bay. Initial assays received for the first six holes have returned impressive numbers, including 4.8 metres grading 4.39 grams per tonne from 53.6m and a 4.2m slice running at 3.25g/t from 21.9m.

Neometals Limited has locked in a controlling stake of Utah Brine Corporation, gaining low-cost exposure to a lithium and potash brine opportunity in the Paradox Basin in Utah, USA. The venture has exclusive access to 24 inactive oil and gas wells for sampling and test work. Neometals will fund up to US$2 (A$2.82) million over three years.

Neometals has completed five reverse-circulation holes for 495m at the historic Rinaldi copper prospect within its Barrambie project, near Sandstone in WA's Mid West. Early results have confirmed primary copper sulphides 70m below surface, including the key copper ore minerals bornite and chalcopyrite. Early results from only 10 per cent of the submitted samples include 7m at a respectable 1.72 per cent copper from 82m depth.

The Bulls N' Bears ASX Runner of the Week is… Immutep. In a slightly perverse twist, the oncology mid-cap bounced hard from last week's near-death experience, clawing back 53 per cent after a brutal 90 per cent wipeout last week. Blue Star Helium floated higher on mounting anticipation of near-term production from its Colorado-based Galactica project, with helium sales edging closer, and Patagonia Lithium rode a wave of speculation around looming results from its Lithium Triangle projects in Argentina.

Neometals Limited has delivered a positive scoping study for its Ironclad deposit at the company's fully owned Barrambie gold project in WA, pointing to a fast toll-milling run of up to 11,000 ounces of gold from an estimated 220,000 tonnes of ore at a grade of 1.8g/t. The study found that a proposed 50:50 mining services JV could fast-track mine development, with a kick-off in Q1 2027.

Patriot Resources has announced the hiring of Dominic Duggan as managing director to drive growth at its Tassa silver project in Peru. Duggan, who is already the company's chief executive officer, is a mining engineer and finance professional with more than 10 years of experience across multi-commodity underground and open pit operations, including at Rio Tinto.