Public Company News

This week’s Bulls N’ Bears ASX Runners of the Week is… Icetana Limited, after the AI solutions provider partnered with global robotics developer SoftBank. Resolution Minerals snapped up a US critical and precious minerals project in Idaho and Highfield Resources bounced back on hopes its mammoth Muga potash project in Spain could soon get developed.

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.