Public Company News

Middle Island Resources has appointed dealmaker Daniel Raihani as its new non-executive chairman to steer the company through its next growth phase. The move comes as Middle Island prepares to seal the deal to buy Konstantin Resources and kick off a maiden drilling program targeting copper, gold, silver, zinc and lead at Konstantin's Bobija project in Serbia.

Meeka Metals has hit thick gold zones of high-grade gold at Turnberry North, on the northeastern flank of its Stage 1 Turnberry open pit design, with 22m at 3.25g/t gold including 10m at 6.03g/t gold highlighting potential to expand the resources and extend the Stage 1 pit resource and mine life. With gold priced above A$6477 per ounce, about 2.7 times Meeka's pit optimisation price, revised pit designs promise fatter margins and underground upside that will boost the economics of the 1.2M ounce Murchison Gold Project.

In a sign that US critical minerals have reached fever pitch, American West Metals' share price exploded just minutes after announcing a $7m capital raise to fund work on its massive indium resource at the company's West Desert project in Utah. The company's share price ran from 4.9c at last close to touch 9.8c at one stage.

Pilot Energy has inked a deal with United Arab Emirates-based Kala Data to launch modular data centres at its Arrowsmith production facility in Western Australia's Perth Basin. With Cliff Head's oil production winding down, 90 per cent of Arrowsmith's 4.4-megawatt gas-fired power capacity sits idle and is ripe for repurposing into a initial 1MW modular data centre at the project.

Aguia Resources has made a major geological breakthrough at its Santa Barbara gold project in Colombia, unveiling a potentially massive stockwork vein system linking its key deposits. Along with a sweeping reset of its mining management and an upgraded processing plant, the changes are delivering double-digit feed grades, higher recoveries and the company's first doré bars, marking a powerful new chapter for the ASX-listed explorer.

St George Mining has tabled more stellar results in drilling from its Brazilian Araxa project, with a 98.4m hit going 3.07% TREO and 0.43% niobium pentoxide headlining the pack just 230m west of its resource. The company's share price has been on a wild ride since September when its first batch of RC drill results from Araxa stunned the market.

Estrella Resources has rolled out a string of new manganese-rich hits from its Ira Miri prospect in Timor-Leste, stretching the mineralised strike to almost 100 metres and it is still open both ways. The latest round of diamond drilling logged spectacular visual grades of up to 90 per cent manganese oxide as the company continues to shape what it believes could be a new manganese province.

Siren Gold has fired up the rigs at its flagship Sams Creek gold project in New Zealand's Tasman district, launching 7000m of drilling to beef up its gold resource. With a mining permit decision looming and a scoping study on the horizon, the company is betting big on its ability to stack more ounces on its already sizeable 824,000 ounce endowment.

Titanium Sands has secured Stage 2 funding for its Mannar Island mineral sands project in northwest Sri Lanka. A recent meeting with the Finance Ministry supports the Industrial Mining Licence process and environmental studies are near completion. The funding will finalise studies and push the project forwards towards heavy mineral sands production.

Middle Island Resources has launched a maiden, 800m reverse circulation drilling program at its Serbian Bobija polymetallic project, targeting gold-silver-copper-lead-zinc mineralisation below the historic Bobija open pit from which channel sample results are pending. With Bobija rock chip results assaying up to 5.24g/t gold, 120g/t silver, 4.66% zinc and 4.36% lead, the company sees a possible analogue with the 20Mt polymetallic DPM Metals' Vares project in adjacent Bosnia-Herzegovina.

Aguia Resources' Board has given the nod to bank finance of A$1.7M to boost its push for the company's Brazilian Tres Estradas phosphate development mine to open next year after the refurbishment of its processing plant. A credit line facility of approximately A$2.038 million has been agreed upon by the two parties to kick-off the plant upgrade works.

Peninsula Energy has turned the corner at its flagship Lance uranium project in Wyoming, completing a $69.9 million equity raise and firing up production of its first yellowcake. The milestone, which saw some big names enter its register caps a full operational and financial reset, positioning the company as a key supplier into a resurgent US nuclear industry.