Announcements

Lindian Resources has topped up its coffers with a double shot of cash totalling just under $1.65 million from the exercise of 10M unlisted options at $0.12 per share for $1.2M and a $448,753 R&D refund. The federal Research and Development Tax Incentive Program refund is for Lindian’s process development and metallurgical testwork conducted to improve beneficiation at its massive Kangankunde rare earths project in Malawi.

Larvotto Resources has struck bonanza gold at its Hillgrove project in NSW, with drilling at its Eleanora-Garibaldi prospect delivering up to 111.27g/t gold equivalent. The standout hit came within a 4.1m intercept, grading 28.08g/t gold equivalent from 119m. The results are part of a 9200m diamond drilling blitz across its Eleanora-Garibaldi and Golden Gate prospects as the company pushes to boost resources ahead of plant construction.

American West Metals is charging into exploration season at its flagship Storm copper project in Nunavut, Canada, with the drill bit primed for a bevy of deep, high-grade copper targets at the sprawling project. Drilling is set to kick off shortly as the company simultaneously rolls out a regional mobile magneto-telluric survey to test for deeper copper sulphide targets across the 110km copper belt.

Meeka Metals has kicked off its much-anticipated plant commissioning, navigating a decisive moment when ore is first fed into the plant, paving the way for first gold from its gravity circuit later this month. Meeka’s commissioning team is onsite at the company’s Murchison project, 50km north of Meekatharra, working with the construction and processing crews to ensure everything is fault-free and at or coming up to specification.

St George Mining has launched a major drilling assault on its giant Araxá rare earths project in Minas Gerais, Brazil, with the company deploying three drill rigs for a substantial 10,000-metre, three-month program. The campaign will be carried out alongside a high-resolution airborne magnetic survey and aims to significantly expand the project’s recently unveiled major maiden resource.

Bulls N’ Bears Big Hits examines some notable drill intercepts revealed on the ASX, including Sunshine Metals’ one-ounce-per-tonne gold hit from 41m, which included 2m at 3.9 ounces per tonne gold. Other interesting drill hits from last week were reported from Variscan Mines’ Udias lead-zinc mine in northern Spain and PVW Resources’ Capao Bonito rare earths project in Brazil.

Ora Banda Mining has nailed high-grade gold hits at the company’s Davyhurst project in WA’s Goldfields from an infill drilling program at its Riverina deposit and exploration drilling at its Waihi and Little Gem prospects. Multiple hits exceeded 100g/t gold at Riverina, including 1m at 129.5g/t, 4.3m going 24.6g/t, with a pumped-up 0.3m slice grading 229g/t, and 4.7m running at 12.5g/t with a 0.5m section returning 108g/t.

Meeka Metals continues to expand its shallow high-grade oxide gold zones immediately south of its stage one Turnberry Central open pit at its Murchison gold project, 50km north of Meekatharra. The company’s best intercept of 30m assaying 1.09g/t gold from 29m, including 9m at 2.45g/t gold, follows a 10m run at 5.2g/t gold from 37m, including 2m going 23.23g/t gold reported last month.

Dateline Resources has scored another major political win for its Colosseum rare earths project in California after US Interior Secretary Doug Burgum labelled its revival as “pivotal” for national mineral security. Speaking on Fox News, Burgum, chairman of the National Economic Development Council, backed the Trump administration’s push to ramp up domestic mineral production and reduce reliance on foreign rare earth supplies.

This week’s Bulls N’ Bears Runner of the Week is… Eclipse Metals. Its share price surged after unveiling a beefed-up rare earths resource in Greenland. Bryah Resources share price ran on a major shareholder’s plans for a boardroom revolt, Bastion Minerals is readying up for a JORC-compliant resource reveal and Codeifai Limited received a $570,000 kick into its kitty to help drive growth of its SaaS technology revenue.

Ora Banda Mining has flagged a 35% jump in annual gold output to 95,000 ounces at its Western Australian Davyhurst project. However, the company will fall just short of its 2025 guidance of 100,000 ounces due to mill upgrade delays. The June quarter production is forecast to rebound to 24,500 ounces. All-in sustaining costs are set to hit $2600 per ounce or 4% above the company’s guidance.

Kalgoorlie Gold Mining will run high-resolution geophysics across about 9.5 square kilometres enclosing prospective sites at its Pinjin gold project, 140 kilometres north-northeast of Kalgoorlie. The company plans to launch the sub-audio magnetic survey in mid-June to better define sub-surface geological structures and mineralised zones mainly under extensive surface cover.

Dateline Resources has been cleared for take-off in the United States by upgrading its listing to the OTCQB Venture Market as American interest heats up in the company’s flagship Colosseum rare earths and gold project in California. Dateline’s shares will trade under the ticker DTREF. The uplift from the Pink Sheet market means US investors can trade the stock in local currency during US market hours.

Encouraged by a surging gold price, GreenTech Metals has identified significant gold associated with the copper in a review of more than 50,000 historical samples from its Whundo copper-zinc project in WA’s West Pilbara. The review of more than 1195 holes has uncovered a best intercept of 1m at 64.7g/t gold from 47m at the south end of a 2km-long mineralised trend. The findings could open the door to near-term production.

Lindian Resources has made significant strides towards opening its flagship Kangankunde rare earths mine in Malawi. The company says it is running ahead of schedule as it looks to swiftly bring the low-cost critical minerals project into production. Haul roads and a solar farm for the project are underway and Lindian has filled five key positions to progress the site into its next development phase.

American West is about to launch a new drilling campaign in Utah targeting a suite of US-listed critical metals, including copper, gallium and molybdenum. The company’s West Desert project already holds the United States’ largest undeveloped indium resource and remains open in multiple directions.

Thunderbird Resources has struck a deal with Canadian-listed Mustang Energy, granting Mustang the right to earn up to 80 per cent of the company’s Cluff Lake North and Surprise Creek uranium projects in Canada. Mustang must spend up to $3.3M per project to reach full earn-in. Thunderbird will retain a 2 per cent royalty and free-carried interest and can now focus on its exciting NSW gold-antimony assets.

Aguia Resources’ homegrown phosphate products have matched or outperformed top imported fertilisers in Brazilian field trials, at a fraction of the cost. The company’s Lavratto and Pampafos products rivalled premium MAP and Moroccan phosphate in crop yields and Lavratto came out with top soybean results. Priced at $200–230/t, Aguia’s fertiliser appears to offer a game-changing, cost-effective solution for Brazil’s phosphate-dependent agriculture.

Red Metal is poised to unlock the vast mineral potential of its Queensland copper-gold projects, thanks to $400,000 in collaborative drilling grants from the Queensland Government. The funds are set to spearhead the company’s proof-of-concept drilling at two highly prospective iron oxide-copper-gold projects at its Gulf and Three Ways prospects.

Estrella Resources has made a landmark discovery in its maiden exploration program in Timor-Leste, intersecting a thick 6.45m zone of massive manganese oxides just 1.35m below surface at its Ira Miri prospect. In what marks the first modern metallic minerals drillhole sunk in the country, Estrella’s initial diamond hole confirmed high-grade manganese mineralisation right from the outset, which is still open at 7.8m depth.

Lithium Universe is on the hunt for a minimum 10 years’ worth of spodumene supply from local producers to feed its future Canadian lithium refinery, which it expects to kick-start the conversion of the battery mineral at the refinery in 2028. The company is seeking a large supply to help lock in its required project finance, having reached a final investment decision earlier this year for the project to kick into gear.

Dual-listed Dateline Resources’ share price has gone ballistic in the US, after the company’s latest modelling showed its Colosseum gold project in California is surrounded by a huge felsite-breccia pipe complex. The company will run new geophysical surveys in June to stack up evidence for new drilling targets for gold resource growth and to potentially delineate a rare earths ore body for the project.

Meeka Metals expects to pour its first gold in the coming weeks, having recently passed key plant pre-commissioning milestones at the company’s expanded Murchison gold project. Meeka now has an energised and refurbished processing plant after it commissioned an onsite power station and has expanded its accommodation village so that its open pit and underground mines can work concurrently.

This week’s Bulls N’ Bears' ASX Runners of the Week is… Eden Innovations, after it broke into the clean high-rise building sector and announced record concrete additive sales. Focus Minerals shot up thanks to a juicy $250 million cash gold project sale, InFocus Group unveiled a blockbuster $5M deal to become the exclusive tech partner for a Taiwanese gaming guru and market darling Dateline Resources had another roaring run.

Kalgoorlie Gold Mining has locked in a 75 per cent stake in its highly prospective Pinjin gold project near Kalgoorlie, completing the first milestone of its farm-in agreement over the project. The company has sealed the deal with a $1.65 million all-cash settlement for the project, which incorporates its Kirgella Gift and Providence mineral resources, alongside its promising breakout Lighthorse discovery and Wessex gold prospect.

Meeka Metals continues its indomitable run of high-grade, shallow, open-pittable gold numbers from its flagship Murchison gold project near Meekatharra in Western Australia, with 10m at 5.20g/t gold, including 2m at 23.23g/t. That headline hit began at 37m downhole depth in Meeka’s latest resource expansion drilling program, south of its Turnberry Central stage one oxide pit design.

Estrella Resources has launched Timor-Leste’s first modern metallic mineral exploration by drilling its maiden hole at the Ira Miri manganese prospect. In a JV with Murak Rai Timor and CoreSearch, Estrella has mobilised a man-portable rig from Dili to Lautem. The program includes 3000m of diamond and 20,000m of RC drilling across two phases, targeting manganese within the Noni Formation.

Javelin Minerals has kicked off its Eureka drilling campaign near Kalgoorlie in style, hitting broad zones of shallow oxide gold to the south and a high-grade shoot to the north of the project’s historic pit. Best results include 26m at 1.36g/t and 2m at 7.37g/t. The company says follow-up drilling could pave the way for a rapid restart of gold production.

ASX-listed Green360 Technologies has achieved a world-first by transforming red mud - one of mining’s most toxic by-products - into a high-performance, low-carbon cement. The mud is blended with kaolin in a proprietary mix that slashes emissions and environmental risk while matching the strength of traditional concrete. The company says the product exceeds international standards for safety and performance.

Terrain Minerals’ Larin’s Lane gallium-rare earths project is fast advancing, with studies now underway as part of a WA industry and government-funded research project that ultimately aims to develop a reliable supply of REEs in the state. The Larin’s Lane collaboration will also offer insights into the economics of emerging REE extraction techniques and the potential for strategic mineral by-products, which could benefit WA.

Toro Energy has supercharged the project financials for its Lake Maitland uranium project near Wiluna in WA, unveiling an updated scoping study forecasting a low-cost, long-life mining operation. The latest numbers paint an encouraging picture for a standalone operation, improving an historic net present value by 9 per cent to a hefty $908 million, while slashing the project’s payback period to 1.5 years.

Bulls N’ Bears Big Hits examines some notable drill intercepts recently revealed on the ASX, including White Cliff Minerals’ 58m hit of 3.08% copper and 13.3g/t silver at its Canadian Rae project. Other interesting drill hits were reported from Benz Mining Corporation’s Glenburgh project in Western Australia’s northwest and from Koonenberry Gold’s Enmore gold project in New South Wales.