Announcements

Great Southern Mining has secured up to $337,500 in exploration funding under the WA Government's coveted Exploration Incentive Scheme to back two high-impact drilling campaigns. The cash injection will help the company chase depth extensions to its high-grade Duketon gold system and test platinum group element horizons at the East Laverton project's Diorite Hill complex.

American West Metals has struck more sizzling copper grades at its Storm project in Canada, including 12.1m at 5.6% copper with a hit up to 27.3%. The company says the new results point to a resource upgrade at Cyclone and strengthen its PFS, positioning Storm as northern Canada's next major copper development.

BMG Resources has struck more high-grade gold at its Bullabulling project near Coolgardie, with hits including 2m at 8.5g/t gold and 1m at 15.5g/t. The company says the mineralisation at Bullabulling North mirrors that of Minerals 260's 2.3Moz Bullabulling Mine next door, hinting the gold trend could extend into BMG's ground.

Dateline Resources has zeroed in on the hottest gold prospects at its Colosseum gold project in California, after a detailed 3D geophysical study by Vox Geophysics' Dr Kate Selway ranked six breccia pipe targets by their strength and depth. The review pinpointed three standout zones west and south of the current pits, primed for drilling as Dateline moves toward feasibility.

Corazon Mining is off and running in a new direction after finalising the acquisition of significant gold tenure with high-grade intercepts near major mines in WA's Gascoyne region and a $2m placement, alongside a 1:50 share consolidation. The process has sharpened the company's focus on 292 square kilometres of Gascoyne ground which features stellar intercepts like 12m at 8.89g/t gold near Catalyst Metals' Plutonic Mine.

The Bulls N' Bears ASX Runner of the Week is… Entertainment Rewards, after it copped a fat takeover bid from its top shareholder at ten times its market value. Litchfield hit a copper-zinc monster in the Top End, Morella Corp pulled near-perfect rubidium from its WA pegmatites and TrivarX nabbed brain cancer imaging IP, backed by a biotech bigwig, showing small caps can shine amid gold's glare and global jitters.

Middle Island Resources has appointed dealmaker Daniel Raihani as its new non-executive chairman to steer the company through its next growth phase. The move comes as Middle Island prepares to seal the deal to buy Konstantin Resources and kick off a maiden drilling program targeting copper, gold, silver, zinc and lead at Konstantin's Bobija project in Serbia.

Meeka Metals has hit thick gold zones of high-grade gold at Turnberry North, on the northeastern flank of its Stage 1 Turnberry open pit design, with 22m at 3.25g/t gold including 10m at 6.03g/t gold highlighting potential to expand the resources and extend the Stage 1 pit resource and mine life. With gold priced above A$6477 per ounce, about 2.7 times Meeka's pit optimisation price, revised pit designs promise fatter margins and underground upside that will boost the economics of the 1.2M ounce Murchison Gold Project.

In a sign that US critical minerals have reached fever pitch, American West Metals' share price exploded just minutes after announcing a $7m capital raise to fund work on its massive indium resource at the company's West Desert project in Utah. The company's share price ran from 4.9c at last close to touch 9.8c at one stage.

Pilot Energy has inked a deal with United Arab Emirates-based Kala Data to launch modular data centres at its Arrowsmith production facility in Western Australia's Perth Basin. With Cliff Head's oil production winding down, 90 per cent of Arrowsmith's 4.4-megawatt gas-fired power capacity sits idle and is ripe for repurposing into a initial 1MW modular data centre at the project.

Aguia Resources has made a major geological breakthrough at its Santa Barbara gold project in Colombia, unveiling a potentially massive stockwork vein system linking its key deposits. Along with a sweeping reset of its mining management and an upgraded processing plant, the changes are delivering double-digit feed grades, higher recoveries and the company's first doré bars, marking a powerful new chapter for the ASX-listed explorer.

St George Mining has tabled more stellar results in drilling from its Brazilian Araxa project, with a 98.4m hit going 3.07% TREO and 0.43% niobium pentoxide headlining the pack just 230m west of its resource. The company's share price has been on a wild ride since September when its first batch of RC drill results from Araxa stunned the market.

Estrella Resources has rolled out a string of new manganese-rich hits from its Ira Miri prospect in Timor-Leste, stretching the mineralised strike to almost 100 metres and it is still open both ways. The latest round of diamond drilling logged spectacular visual grades of up to 90 per cent manganese oxide as the company continues to shape what it believes could be a new manganese province.

Siren Gold has fired up the rigs at its flagship Sams Creek gold project in New Zealand's Tasman district, launching 7000m of drilling to beef up its gold resource. With a mining permit decision looming and a scoping study on the horizon, the company is betting big on its ability to stack more ounces on its already sizeable 824,000 ounce endowment.

Titanium Sands has secured Stage 2 funding for its Mannar Island mineral sands project in northwest Sri Lanka. A recent meeting with the Finance Ministry supports the Industrial Mining Licence process and environmental studies are near completion. The funding will finalise studies and push the project forwards towards heavy mineral sands production.

Middle Island Resources has launched a maiden, 800m reverse circulation drilling program at its Serbian Bobija polymetallic project, targeting gold-silver-copper-lead-zinc mineralisation below the historic Bobija open pit from which channel sample results are pending. With Bobija rock chip results assaying up to 5.24g/t gold, 120g/t silver, 4.66% zinc and 4.36% lead, the company sees a possible analogue with the 20Mt polymetallic DPM Metals' Vares project in adjacent Bosnia-Herzegovina.

Aguia Resources' Board has given the nod to bank finance of A$1.7M to boost its push for the company's Brazilian Tres Estradas phosphate development mine to open next year after the refurbishment of its processing plant. A credit line facility of approximately A$2.038 million has been agreed upon by the two parties to kick-off the plant upgrade works.

Peninsula Energy has turned the corner at its flagship Lance uranium project in Wyoming, completing a $69.9 million equity raise and firing up production of its first yellowcake. The milestone, which saw some big names enter its register caps a full operational and financial reset, positioning the company as a key supplier into a resurgent US nuclear industry.

Chariot Corporation may have struck the lithium jackpot, with site visits confirming sprawling, drill-ready lithium-caesium-tantalum (LCT) pegmatites at its Fonlo and Iganna projects in southwest Nigeria. The two projects are part of a four-project portfolio in the Oyo and Kwara States, which the company recently pounced on after scooping up a 66.667 per cent stake in C&C Minerals Ltd.

Toro Energy is set to be acquired by Canadian uranium firm IsoEnergy, which plans to add to its portfolio of high-grade North American projects with the addition of Toro's flagship Wiluna uranium project. The market liked the deal too, sending Toro's shares to a 52-week high of 48 cents, up from yesterday's 32.5c close on the highest daily volume in 12 months of 7.3 million shares.

Kalgoorlie Gold Mining has turned the rigs back on at its Pinjin project, launching a fresh diamond drilling campaign across its Kirgella Gift and Providence deposits in Western Australia's Laverton Tectonic Zone. Backed by $130,000 of WA State government co-funding, the four-hole, 1070m program is targeting structural sweet spots where converging gold plunges could drive resource growth.

Dateline Resources' impending BFS will likely get a big financial shot in the arm when compared to its October 2024 scoping study that assumed a gold price US$1300 per ounce less than today's spot price. The bankable feasibility study for the company's Colosseum gold-rare earths project in California is in full swing and remains on schedule with mining quotes, testwork and long-lead procurement items all tracking to plan.

St George Mining has raised a staggering $72.5 million at 10 cents a share with $50m flowing from big institutions and $22.5m coming in from billionaire Gina Rinehart's Hancock Prospecting. The funds will fast track the company's Araxá rare earths–niobium project in Brazil that is shaping up to be one of the most significant rare earths discoveries on the planet.

Terrain Minerals has reported high-grade gold assays alongside silver hits from its Lightning Prospect at the Smokebush Project in WA's Murchison, reinforcing a strong gold-silver correlation. One significant intercept of 22m yielded 2.87g/t gold from 105m, including 21m at 15.79g/t silver from 105m, 1m at 70.59g/t silver from 108m and 1m at 60g/t silver from 124m. Follow-up drilling is proposed to further develop the dual-commodity potential.

Bulls N' Bears ASX Runner of the Week is… Infini Resources after it nailed eye-popping uranium visuals and XRF hits from its Canadian drill blitz at Portland Creek. Xstate Resources struck a gas column jackpot deep in Queensland's Surat-Bowen Basin, Pure Foods Tasmania's gourmet pâté stormed Coles' national shelves with a tenfold order boom and Battery Age Minerals got the green light to drill its high-grade gold-silver beast in Argentina, proving small caps can thrive on metals mania and geopolitical fireworks.

ASX-listed Triangle Energy has banked a trifecta in the Philippines, bagging two offshore and one onshore petroleum exploration licences, which the company says have handed it a commanding position in some of the region's most prospective, underexplored terrain. With contingent resources in the hundreds of billions of cubic feet and gas-hungry markets on tap, Triangle is now sitting on what could be Southeast Asia's next major gas story.

Altech Batteries is hailing a breakthrough with a major advance in its Silumina Anodes technology, recording 88.5% capacity retention after 500 charge-discharge cycles by adding just 5% alumina-coated silicon to graphite anodes. The company's latest Silumina Anodes deliver a charge capacity of 420 mAh/g which far surpasses graphite's capacity in the range of 230-250 mAh/g. Altech's Saxony pilot plant confirms scalability, promising longer EV range and lighter batteries.

Octava Minerals will launch aircore drilling next week at its Byro Critical Minerals Project in WA's Gascoyne region, following outstanding bioleaching test results which showed recoveries of up to 85% rare earths, 92% lithium, and 78% vanadium. Octava has planned an 18-hole, 1000m program that, pending final approvals, will target a maiden resource via testing of high-grade zones in the host Coyrie Formation.

Larvotto Resources has peeled off another impressive set of drill results from its Eleanora-Garibaldi zone at its Hillgrove antimony-gold project in New South Wales. The company has notched up standout intercepts such as 30m at 3.29g/t gold equivalent and 5.4m at 11.99g/t gold equivalent, with several zones still open at depth. The hits are expected to underpin upcoming resource and reserve upgrades.

Corazon Mining has secured a 12-month option for 80% of the Feather Cap gold project in WA's Gascoyne region which hosts high-grade hits up to 20m at 3.01g/t and sits near Westgold's 2.9Mt Durack gold project. Other historical hits including 7m at 6.21g/t gold highlight potential across the 154 square kilometre project. With its Two Pools project 150km to the northeast, Corazon's regional footprint is growing.

Ora Banda Mining has jumped out the gates to kick off the financial year, with a record 30,595-ounce gold quarter. The company banked a hefty $38.5 million in free cash flow, pushing its piles of cash to $122.7 million. Ora Banda says its Sand King underground mine ramp-up is now humming, after FY25's heavy capital injection, where it expects even more gold to flow for the quarter to 2026 ahead.

Lindian Resources has wrapped up early development works program at its giant Kangankunde rare earths project in Malawi with mining of its 23.7Mt at 2.9 per cent total rare earths oxide probable ore reserve scheduled to commence in early January. The reserve is backed by a 61Mt indicated resource at 2.43 per cent total rare earths oxides which includes a high-grade core of 25 million tonnes at 3.26 per cent TREO.