Public Company News

MetalsGrove Mining has locked onto a major West African gold system, defining two parallel targets, each stretching more than 2.5 kilometres, at the Fifty-Five prospect within its Zuénoula permit in Côte d'Ivoire. High-density infill soil sampling is now underway to sharpen the picture ahead of auger drilling. With a massive landholding along a prolific greenstone belt, the company is set to rapidly generate strong news flow.

American West Metals has upscaled diamond drilling at its West Desert project in Utah after securing a $10 million placement. The expanded 10,000m program will follow up on the Meteor prospect, where recent drilling hit 77.65m of visual mineralisation. Operations will also target high-grade gallium along the Juab Fault and the "Goldilocks" zone to expand America's biggest undeveloped indium resource.

Larvotto Resources has chalked up a key restart milestone at the company's Hillgrove antimony-gold project near Armidale in NSW, delivering its first development ore from the Metz underground mine to a surface stockpile. The mining contractor has advanced 170m and rehabilitated 1.9km of drives, while plant refurbishment remains on time and budget ahead of a much-anticipated August commissioning and production restart.

Dalaroo Metals has finished a major systematic soil geochemistry program at its Bondoukou project in Côte d'Ivoire, successfully covering the entire 9-kilometre-long Gold Ridge corridor. With 4363 samples dispatched for analysis, the company has identified extensive alteration and quartz veining associated with high-grade historical signals. The data will now be used to define high-priority targets for an upcoming maiden drilling campaign.

Maritana Minerals has struck a deal to acquire a package of strategic tenements immediately adjacent to its developing Black Swan processing hub near Kalgoorlie in WA. The new tenure includes ground along strike from the Wilsons gold prospect and is intended to support exploration and could also accommodate any future infrastructure changes or expansion. The acquisition is expected to be done and dusted in the June quarter.

88 Energy has secured an unconditional 20 per cent stake in its giant oil and gas project in Namibia after restructuring its farm-in deal with Monitor Exploration. The move cuts future commitments by US$15M while preserving exposure to the emerging Damara Fold Belt play, where nearby drilling by ReconAfrica has continued to build the hype for a potential basin-opening petroleum system.

Estrella Resources is closing in on its first revenue after confirming the Ira Miri project in Timor-Leste has delivered a high-grade manganese bulk sample for appraisal, with shipment logistics underway. The company has banked more than 27,000 tonnes of ore, including nearly 5000 tonnes grading 49.38 per cent manganese. With peak in-situ hits of 60.22 per cent and mineralisation remaining open, the company believes significant exploration upside remains.

Larvotto Resources has outlined strong tungsten potential at its Hillgrove antimony gold project near Armidale in NSW, with high grade results at Curry's Block, north of the plant site. The company says recent metallurgical testwork delivered tungsten recoveries up 90 per cent, reinforcing the metal's potential as a potentially valuable byproduct alongside its planned gold and antimony production.

Aguia Resources has cleared final requests from Brazil's Rio Grande do Sul environmental agency FEPAM for minor changes to its phosphate installation licence, which is expected to clear the way for an operating licence. The company expects a ruling within three weeks, which would allow it to begin mining at the company's Tres Estradas phosphate project and processing at its DB processing plant.

Dateline Resources has confirmed a technically simple and high-margin path back to production at its Colosseum gold project in California. A robust bankable feasibility study outlined a 10.4-year mine life producing 573,000 ounces of gold, delivering a stellar pre-tax net present value of A$1.08 billion. With key equipment already secured, the company is now racing toward a final investment decision.

The Bulls N' Bears ASX Runner of the Week is… Key Petroleum, which more than tripled in anticipation of State approvals over its Cooper-Eromanga Basin oil and gas permits. New IPO Kaoko Metals charged on debut chasing high-grade copper and silver in Namibia's Kaoko Copper Belt, Swift TV jumped after securing major integrations with Netflix and Google Play for its smart TV entertainment platform and Caprice Resources ran strongly after hitting a spectacular 22m at 66.2g/t gold — including 8m at 181g/t — at its Island project in WA's Murchison.

Aurum Resources has hit thick gold intersections in drilling at its Boundiali gold project in northern Côte d'Ivoire, including standout results from the BDT2 target area. The company says the new holes support good continuity of mineralisation, which will feed into ongoing resource definition work as assays and geological modelling continue.