Announcements

Aurum Resources has delivered a total 2.41 million ounces of gold in a resource update for its West African Boundiali gold project - a stunning 50% hike on its previous resource estimate. When combined with a 0.87-million-ounce interim resource at its separate Napié project, Aurum’s combined resource endowment across its tenement group now totals 3.28 million ounces of the yellow metal.

Latitude 66 has fired up a fresh exploration charge at its newly granted Piastri project in WA’s Yalgoo-Singleton greenstone belt. The project, just 200m from the 2-million-ounce Ricciardo gold-antimony deposit being acquired by Capricorn Metals, could hardly be better placed. With funding due from the sale of its Queensland copper project, Latitude 66 is gearing up to chase high-grade gold targets in one of WA’s most fertile mineral corridors.

Javelin Minerals has tweaked its mining plan to boost the expected gold recovery at the company’s Eureka project to 39,000 ounces, following a 27 per cent jump in the resource’s higher confidence indicated category. The lift to indicated resources was accompanied by a 32 per cent bump-up in grade to 1.98 grams per tonne gold, providing a significant uplift in the expected cash flow from mining the project.

Aguia Resources is charging into the new financial year with its dual-commodity strategy, after delivering its first gold sales from its flagship Santa Barbara project in Colombia. The company says it is laying the groundwork for next up phosphate production in Brazil’s agricultural heartland, as it reported a promising start to its gold bullion journey.

Rio2 Limited’s Fenix Gold Project in Chile’s Atacama region is 41 per cent complete, with $56.4 million spent against a $57.8 million budget. A US$50 million third prepayment from Wheaton Precious Metals continues to support construction and development. Hosting 4.8 million ounces of gold, the project aims to pour first gold in January 2026, creating jobs and boosting the region’s economy.

Bulls N’ Bears ASX Runner of the Week is… Oliver’s Real Food, after the healthy fast food company unveiled a bounce-back profitable quarterly from last period’s losses. Black Dragon Gold progressed its monster Spanish gold project closer to development, BSA Limited unveiled a profitable period despite losing its NBN contract earlier this year and Beforepay is on a tear, reporting increased profits from its pay-on-demand lending app.

St George Mining has unearthed a second high-grade rare earths discovery at its world-class Araxá project in Minas Gerais, Brazil. The impressive discovery lies 1km northeast of its existing 41Mt niobium-rare earths resource within the richly endowed Barreiro carbonatite. Initial assays from the auger drilling program suggest a substantial expansion of the already globally significant Araxá deposit.

Latitude 66 Ltd has divested its 17.5 per cent stake in the Greater Duchess copper-gold joint venture in Queensland to partner Carnaby Resources for $6 million, comprising $2 million cash and $4 million in shares. The non-dilutive transaction will enable Latitude 66 to advance its more significant exploration ventures in Western Australia and Finland.

Perth-based stem cell therapy pioneer NeuroScientific Biopharmaceuticals is transferring its patented StemSmart technology to one of Australia’s biggest and most experienced manufacturers to scale up clinical-grade production, ahead of the commercialisation of its infusion therapy for hard-to-treat conditions, starting with Crohn’s disease. Queensland-based Q-Gen Cell Therapeutics specialises in manufacturing cellular immunotherapies for national and international clinical trials from 13 cleanrooms dedicated to cell manufacturing and quality control.

Larvotto Resources has fired the starter’s gun on its $140 million Hillgrove antimony-gold project in NSW after locking in a US$105 million bond and $60 million equity raise. With early works already underway, the fully funded operation is targeting first production in Q2 2026. Hillgrove is poised to become the only new source of antimony outside China within the next four years.

Legend Mining has lit up eight gold and base metal soil anomalies at its newly acquired Pinnacle Well project in WA’s northern Goldfields. Located near major gold and base metal operations, the project spans a 110sq.km block and features high-grade historical hits, quartz veining, gossans and key regional fault structures. Drill targeting is now underway.

Solara Minerals’ moving loop geophysical survey at DeGrussa West, 17km from Sandfire’s famed DeGrussa copper-gold mine, has defined two large north-dipping conductive plates with strong gold and copper potential. Coinciding with magnetic anomalies and favourable structural features, these high-priority targets are set for drilling, with permits approved, following the company’s recent acquisition of OD4 Tom Price.

Ora Banda Mining has charged into FY26 with soaring gold production at its Davyhurst project in WA’s Goldfields and a new gold discovery that could reshape its future. With the Sand King underground mine now hitting its stride and a 1km multi-lode system uncovered at Little Gem, the company is flexing its muscle across all operations, backed by a strong $84.2 million cash position and $73 million earmarked for exploration.

St George Mining has delivered Brazil’s first rare earths sample from its Araxá niobium-rare earths project to MagBras for magnet production studies, potentially pioneering Brazil’s magnet rare earths supply chain with a sample sent to MagBras for magnet production studies. The 30kg rare earths oxalate sample, derived from the company’s 100%-owned Araxá project, marks St George as a frontrunner in Brazil’s emerging rare earths supply chain.

Aguia Resources has struck a high-grade gold and silver system in its debut drill campaign at the Santa Barbara project in Colombia. First assays from five holes included visible gold and grades up to 44g/t, while underground sampling turned up monster hits north of 85g/t gold. The drilling has confirmed mineralisation continuity beneath current workings and sets the stage for a much larger exploration push.

Kula Gold/Aurumin Ltd have reported a 98,534-tonne maiden resource grading 0.63g/t gold for tailings at their joint venture Mt Palmer project in WA’s Goldfields, boosting the project's early monetisation potential. The inferred resource, defined by 60 air core drill holes, contains 1996 ounces of gold at a 0.4g/t cut-off, with preliminary metallurgical testwork showing an average 86 per cent gold recovery rate.

Melbourne executive Nathan Smith will take the reins as CEO at NeuroScientific Biopharmaceuticals, bringing his strategic and commercial nous as the company gears up to release its innovative StemSmart stem cell technology. This is the Perth-based biotech’s second heavy-hitting appointment, after it recruited a well-credentialled chief medical officer in Perth-based paediatric haematologist and oncologist Dr Catherine Cole.

Great Southern Mining has kicked off diamond drilling at its Edinburgh Park project in northern Queensland, with three deep holes planned at Leichhardt Creek. Backed by a $15 million Gold Fields Ltd JV, the campaign is targeting massive IP anomalies that mirror geological signatures seen at other nearby major gold-copper systems. With its Mt Dillon prospect up next, the drill bit could be edging closer to a major discovery.

St George Mining has secured $5 million at a 13.1% premium for its Araxá project in Brazil to upscale drilling, expand its niobium-rare earths resource and pursue US partnerships. The company will soon launch 9000m of drilling to enhance its world-class project. The placement will enable an earlier and expanded program at Araxá to increase the current 41 million tonne niobium–rare earths resource.

Octava Minerals has clinched a $1.5 million raising to help the company secure the Federation copper-zinc-silver project in western Tasmania, tapping into a region famed for its mineral wealth and pro-mining jurisdiction. The project, stumbled upon decades ago by then operator and nearby tin prodigy Renison, has a promising set of high-grade historical intercepts at its Sweeney’s prospect that are untested since drilling in the 1970s.

Bulls N’ Bears ASX Runners of the Week is… I Synergy Limited, after the company revealed a MoU with NASDAQ-listed Treasure Global to deliver its AI infrastructure to Malaysia. ActiveEX unveiled a promising maiden resource for its Queensland gold project. Vanadium Resources locked in an offtake with the Chinese for its South African iron-vanadium ore and Broken Hill Mines relisted on its eponymous mine in NSW.

Aurum Resources has struck 1.43m at 234.35g/t gold at its 1.59-million-ounce Boundiali gold project in Cote d'Ivoire as it continues a 100,000m drilling program for the year. Two resource updates are imminent. The company has completed 23 diamond core holes totalling 5728.9 metres of drilling at its BM Target 3 deposit within Boundiali.

Larvotto Resources has officially sealed a $60 million equity deal to get its Hillgrove antimony-gold project in New South Wales up and running. The raise follows a hefty US$105 million (A$159.6 million) bond issue and gives the company the financial firepower to push through construction and hit first ore in the second quarter of next year. Larvotto is now in the box seat to deliver the West’s next critical minerals supply.

Dollar Bill (AKA Bulls N Bears’ Bill McConnell) has been polishing his monocle in preparation for the resurgence of the small caps market – and it’s starting to happen.

NeuroScientific Biopharmaceuticals has snagged a well-credentialled WA haematologist and oncologist as its chief medical officer. The company is banking on Dr Catherine Cole’s decades of clinical leadership and trials experience to help it roll out its innovative stem cell therapy. A trial is underway to test its stem cell technology to treat patients with a difficult-to-treat complication of Crohn’s disease.

Aguia Resources has lit the afterburners on its Tres Estradas phosphate project in Brazil, after a massive 70 per cent rise in global phosphate prices drove a sharp uplift in the project’s economics. Aguia plans to start production in early 2026 to tap into a rising fertiliser market, and its revamped, low-CAPEX model is shaping up to deliver outsized returns.

Uranium American Resources, formerly Tonogold, has unveiled a strategic rebrand by changing its US ticker to UARI. The move, which aligns with the company’s acquisition of low-risk US uranium and vanadium projects, completes its transformation into a clean energy mineral player. The transaction was supported by a fresh US$3.5 million placement at 6 cents a share – a 75 per cent premium to the current 3.4 cent price.

American West Metals has intercepted visual copper sulphides and uncovered some 8km of outcropping copper at its giant Storm Copper project in Nunavut, Canada. The outcrops were identified across its Tornado area, adrift from the main resource, with the promising shows underscoring the vast potential of the district-scale 2200-square-kilometre address to continue to deliver high-grade copper discoveries.

Pilot Energy has kicked off a formal courtship process to secure farm-out partners at its expansive offshore gas permit in Western Australia’s North Perth Basin. The impressive 8605-square-kilometre licence, Australia’s largest offshore exploration permit, encompasses both proven oil and gas play fairways along WA’s Mid West coast.

Aurumin Limited and Kula Gold have continued to resurrect a forgotten gem in Western Australia’s Southern Cross Goldfields after hauling in another series of dazzling drill hits at the historic Mt Palmer mine. The latest reverse circulation drilling program delivered some serious eye candy for gold bugs, with a standout shallow intercept of 3m at 35.9g/t gold from just 17m, including 1m at 83.6g/t, catching investors’ attention.

Solara Minerals has secured 310 square kilometres of exploration licences in the Bryah Basin near the DeGrussa and Peak Hill mines in one of WA’s proven and prospective copper and gold districts after acquiring licensee OD4 Tom Price for $130,000 cash and 1.25 million shares. High-priority conductors at the key DeGrussa West and Wilgeena projects have not yet been tested.

A compelling link-up between Aurumin Limited and Brightstar Resources will see the consolidation of their respective Sandstone gold assets into a major gold resource. The two companies have entered a scheme implementation deed, paving the way for a scrip-based deal that will enable Brightstar to acquire Aurumin via one Brightstar share for every four Aurumin shares.