Public Company News

This week’s Bulls N’ Bears ASX Runner of the Week is… XPON Technologies Group, after the company snapped up a leading Australian digital marketing outfit to supercharge its revenue growth. Locksley Resources enjoyed a run after lodging drilling permits on its US-based Mojave project in prime critical metals country, high-grade gallium hopeful DY6 Metals continued last week’s strong run and Arizona Lithium curiously climbed to new highs on no new news.

King River Resources has acquired a new exploration licence, which encloses its Kurundi gold prospect in the Northern Territory and includes possible north-westward extensions from the Kurundi targ

Strickland Metals has come out swinging in 2025, landing two thick, high-grade intercepts at its Shanac deposit in Serbia. The standout hits included 251.6m at 1.3g/t gold equivalent and 265m at 1.2g/t gold equivalent, including a sizzling 66.8m section grading 2.7g/t gold equivalent. The second hole opened up a surprise high-grade zone on the western flank, pointing to exciting new growth potential.

Terrain Minerals is on the cusp of launching a reverse circulation drilling program next week to follow up on the company’s recent discovery of shallow high-grade gold and silver at its Lightning and Monza prospects. The two prospects lie in the northern extremity of its Smokebush project, 350km north of Perth. The drill program co-incides with Terrain’s mid-May ex-date, $1.8M rights issue.

Aguia Resources is officially in the gold game at its Santa Barbara project in Colombia, with gold now flowing and a maiden drilling campaign on the launchpad. The company is regularly mining 15 tonnes per day from its underground workings to the onsite processing plant on the way to 50tpd by July. All the early signs are stacking up for the company to reach consistent 20+g/t gold.

Novo Resources’ recent field exploration activity at its farm-in John Bull gold project in NSW has provided a host of new exploration targets, which the company plans to drill in June. Novo has also extended its known 100ppb soil gold anomaly to more than 1.5km of strike with a peak result of 1.59g/t gold, while sampling of quartz veins has nailed grades of 67.9g/t and 29g/t gold.

In a major shift for Mongolia’s Kharmagtai copper-gold project, Xanadu Mines has let its exclusivity deal with mining giant and JV partner Zijin lapse after failing to reach a control deal. Despite a promising proposal in April, Zijin could not commit within the tight timeframe. Xanadu will now pursue shareholder approval to trigger its 25% put option and reopen the door to other suitors, while continuing discussions with Zijin.

Altech Batteries is pumping out its high-tech Silumina anodes from its German pilot plant, marking a milestone for the company as it supplies first product to potential customers for testing and sets itself up for future commercial production. The new-age technology has achieved a significant breakthrough by coating silicon particles with alumina, boosting the energy capacity of lithium-ion batteries by up to 55 per cent.

Larvotto Resources has delivered a game-changing definitive feasibility study for its Hillgrove gold-antimony project, with a $694M post-tax net present value, $251M annual EBITDA and $128M in yearly free cash flow over 8.2 years. With a modest $133M capex and rapid 11-month payback, the numbers are already impressive. However, at current spot prices, NPV soars to $1.269B, the EBITDA hits $354M and free cash flow is $198M per year.

Bulls N’ Bears Big Hits examines some recent notable drill intercepts revealed on the ASX, including Riversgold Ltd’s 10m intercept at 8.89g/t gold from 46m, including 1m at 77.96g/t, in the WA Goldfields. Resouro Strategic Metals, Indiana Resources and Chilwa Minerals also reported interesting results that are worth considering.

Dateline Resources has put the pedal to the metal to fast-track a rare earths drilling blitz at the company’s gold and rare earths Colosseum project in California, just days after Donald Trump declared it “America’s second rare earths mine” in a high-profile social media shoutout. Already hosting a 1.1-million-ounce gold resource, the mine now has the full weight of the US government behind it with permits, policy support and potential funding.

This week’s Bulls N’ Bears ASX Runner of the Week is… DY6 Metals Ltd, after the company announced high-grade gallium assays at its Tundulu rare earths project in Malawi. Dateline Resources flew on a presidential seal of approval for its Colosseum project from Donald Trump, Andromeda Metal’s lab trials confirmed high purity alumina from its kaolin deposit and Jindalee Lithium ran on US government backing for a strategic fast permitting framework.