Public Company News

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.

Larvotto Resources has raised US$105 million (A$161.3M) via a fully subscribed senior secured bond to help restart its Hillgrove antimony-gold project in NSW. The project is backed by strong investor demand and aims for first production in 2026. The bond issue, supported by major Australian and international funds, underscores a robust case for Hillgrove's role in supplying critical antimony and gold.

Great Southern Mining has sold its Southern Star mining licence to Regis Resources in a savvy deal worth up to $9 million. The agreement, which also cements a strategic data alliance, delivers $4 million in immediate capital for exploration and brings both players closer together for new success across Western Australia's highly prospective Duketon Greenstone Belt.

Thunderbird Resources' latest assay results confirm significant high-grade gold from selective rock chips and grab sampling at its Kookabookra project in northeastern New South Wales. Results from 39 rock chip and grab samples returned impressive high-grade gold results of 11.65g/t and 5.29g/t at its Bear Hill prospect, along with rock-solid 32.1g/t finds at the company's Columbo and 20.7g/t at its German Reef prospects.

Bulls N' Bears ASX Runners of the Week is… Lumos Diagnostics, after the company signed an exclusive diagnostics supply agreement for the US, valued at up to $487 million. Tali Resources bucked the IPO trend by flying out of the gates on day-one of listing on its West Arunta copper potential. Osteopore Ltd's 3D-printed implants got the nod for market distribution in Switzerland and ClearVue unveiled stellar trial results for its solar vaccuum-insulated glazing units in Hong Kong.

Lithium Universe has secured exclusive rights to a patented microwave technology for greener recycling of silver and critical metals from solar photovoltaic panels, after completing its acquisition of licensee New Age Minerals. The acquisition gives Lithium Universe access to Macquarie University's innovative microwave joule heating technology, which more efficiently recovers silver from discarded photovoltaic panels.

American West Metals has cemented an off-take partner for its flagship Storm copper project in Nunavut, Canada, finalising key milestones in a transformative partnership with UK-based trader Ocean Partners. American West says its binding off-take agreement and funding commitments will de-risk the project's path to development as Canada's next copper producing player.

Bulls N' Bears Big Hits this week examines some recent notable drilling intercepts revealed on the ASX, including Encounter Resources' high-grade niobium hit at its Joyce project in WA's West Arunta region. Other interesting drill hits were reported by Nimy Resources, at its Mons gallium project, and Hyterra Limited landed a helium hit at its Nemaha gas field project in the US state of Kansas.