Public Company News

Early drilling results from Estrella Resources' Werumata limestone project in Timor-Leste have pointed to a bounty of clean, high-purity limestone, with intersections up to 55 metres thick, averaging a rich 84 per cent calcium carbonate. The broad, consistent intersections support the company's push towards its objective of defining an inferred mineral resource of at least 500 million tonnes from the interpreted large-scale calcite deposit.

Lindian Resources has kicked off stage two resource definition drilling at its Kangankunde rare earths project in Malawi, targeting a significant upgrade in resource confidence. The campaign is designed to convert between 20 and 40 million tonnes from the inferred category to the indicated class. This work will support mine planning and potential production growth, helping extend the life of one of the world's largest undeveloped rare earths deposits.

Dalaroo Metals has enlisted rare earths industry pioneer Greg Barnes as a special advisor for its Greenland critical minerals project amid plans to pursue a secondary listing on the US Venture market. Barnes is best known for founding two of Greenland's most significant rare earths projects, the Kvanefjeld deposit and the Tanbreez project.

The latest geochemical results from Novo Resources' Wyloo gold-silver-antimony project in WA's southern Pilbara have confirmed multiple targets, paving the way for the company's first drilling of the project. Recent work has significantly upgraded the Wyloo SE prospect, where a confirmed polymetallic vein system carrying silver, antimony, arsenic, zinc and lead warrants early testing.

Exceptional metallurgical test results from Reach Resources' Murchison South gold project in Western Australia, showing up to 97 per cent recoveries, have confirmed that its proposed ore is free-milling, relatively soft and highly amenable to conventional gravity and cyanide leach processing. The results have demonstrated that the material is ideal for third-party toll milling or ore purchase agreements at nearby facilities.

Dateline Resources is homing in on what could be the deeper heart of its Colosseum gold and rare earths project in California after a suite of new geophysical surveys lit up the ground beneath the old pits. With gravity, magnetics, radiometrics and earlier IP data now converging, the company is about to put the theory to the test with diamond rigs.

Lindian Resources has ordered critical long-lead processing equipment for its Kangankunde rare earths project in Malawi, strengthening construction certainty as site activity accelerates. The company is now working on multiple fronts, with major milestones locked in for 2026 and first concentrate targeted for November, positioning Kangankunde as a future globally significant rare earths producer.

Xpedra Resources has secured final NSW Government approval for its proposed maiden drilling program at its fully-owned Springfield gold deposit near Gulgong, about 210km northwest of Sydney. The drill rig is set to mobilise in the coming weeks once it completes its current task, with a mid-to-late February start, marking the first drilling program at the project since 1999.

The Bulls N' Bears ASX Runner of the Week is… Solstice Minerals, after it uncovered blockbuster high-grade copper-gold hits at its Nanadie project in WA. Alma Metals surged on huge copper intercepts and scale at its Briggs project in Queensland, contracting group RBR Group jumped after the Mozambique LNG got a green light for the restart of construction, with 4000 workers back on site and First Au raised $5.6 million to follow up fresh high-grade hits at its Gimlet gold project in WA.

Estrella Resources is ramping up manganese extraction at its Ira Miri project in Timor-Leste after intersecting the targeted manganese horizon during pit excavation. With production underway, stockpiling on track and discussions advancing with international offtake partners, the company is closing in on delivering a 30,000t market sample and the country's first mineral export under its new Mining Code.

St George Mining's Araxá project in Brazil is starting to look like the gift that keeps on giving. Fresh drilling has punched out more thick, high-grade rare earths and niobium from surface. The results have reinforced the project's status as one of the standout carbonatite-hosted critical minerals plays in the Western world and strongly hint that a much bigger resource may be taking shape.

Corazon Mining has uncovered a whopping 4km gold anomaly at its Two Pools project in Western Australia after a comprehensive review of historical drilling and soil geochemistry. The work highlighted extensive shallow mineralisation, multiple high-priority targets and significant upside ahead of a maiden drill campaign scheduled for early 2026.