Public Company News

Ora Banda Mining has delivered a cracking September quarter, smashing records and adding $38.5 million in cash to its mounting $122.7 million money pile. The company also dropped all-in sustaining costs for its gold by 20 per cent to just $2872 as ounce capped off a successful quarter.

Dateline Resources MD Stephen Baghdadi has pumped another $277,000 into Dateline, bringing his total personal investment in the company just since June to $1.35m, boosting his stake to 12 per cent of the $1.3b company. Dateline's Colosseum project in the USA has driven a market frenzy this year, with punters liking both its gold endowment and its potential for rare earths.

Larvotto Resources has unveiled a batch of cracking results from its first diamond holes at the company's Blacklode prospect in New South Wales, returning thick zones of gold and antimony almost at surface. The standout hit of 15 metres at 5.24 grams per tonne gold equivalent from 42 metres, including 4.2 metres at 14.46g/t, puts Hillgrove squarely on the radar for serious expansion.

Pilot Energy has scored a key environmental approval to conduct a 3D seismic survey in the offshore Perth Basin, targeting its Kingia gas play fairway and the massive potentially 1.1 trillion cubic feet (TCF) Leander gas prospect. The approval allows for a Eureka 3D seismic survey to cover a minimum 400 square kilometres area across its expansive WA-481-P exploration licence area.

Larvotto Resources story from the $3m purchase of its Hillgrove gold and antimony project in NSW 2 years ago to the $720m takeover bid it just received from US industrial metals player UCAC is remarkable however you look at it. The question now is does the company go the whole nine yards, get into production, stretch the mine life and reap the dividends or just submit and hand execution risk over to the 800 pound gorilla.

Horizon Minerals has pumped-up both its cash flow and bank balance from the company's September quarter activities, finishing the period with an enviable $34.3 million in its coffers on September 30. The company generated gold sales of $41.895 million during the quarter, with the bulk of the revenue coming from its Boorara operations.

Great Southern Mining has secured up to $337,500 in exploration funding under the WA Government's coveted Exploration Incentive Scheme to back two high-impact drilling campaigns. The cash injection will help the company chase depth extensions to its high-grade Duketon gold system and test platinum group element horizons at the East Laverton project's Diorite Hill complex.

American West Metals has struck more sizzling copper grades at its Storm project in Canada, including 12.1m at 5.6% copper with a hit up to 27.3%. The company says the new results point to a resource upgrade at Cyclone and strengthen its PFS, positioning Storm as northern Canada's next major copper development.

BMG Resources has struck more high-grade gold at its Bullabulling project near Coolgardie, with hits including 2m at 8.5g/t gold and 1m at 15.5g/t. The company says the mineralisation at Bullabulling North mirrors that of Minerals 260's 2.3Moz Bullabulling Mine next door, hinting the gold trend could extend into BMG's ground.

Dateline Resources has zeroed in on the hottest gold prospects at its Colosseum gold project in California, after a detailed 3D geophysical study by Vox Geophysics' Dr Kate Selway ranked six breccia pipe targets by their strength and depth. The review pinpointed three standout zones west and south of the current pits, primed for drilling as Dateline moves toward feasibility.

Corazon Mining is off and running in a new direction after finalising the acquisition of significant gold tenure with high-grade intercepts near major mines in WA's Gascoyne region and a $2m placement, alongside a 1:50 share consolidation. The process has sharpened the company's focus on 292 square kilometres of Gascoyne ground which features stellar intercepts like 12m at 8.89g/t gold near Catalyst Metals' Plutonic Mine.

The Bulls N' Bears ASX Runner of the Week is… Entertainment Rewards, after it copped a fat takeover bid from its top shareholder at ten times its market value. Litchfield hit a copper-zinc monster in the Top End, Morella Corp pulled near-perfect rubidium from its WA pegmatites and TrivarX nabbed brain cancer imaging IP, backed by a biotech bigwig, showing small caps can shine amid gold's glare and global jitters.