Public Company News

Half of all equity market investments now hug index funds that are becoming big, fat and bloated. Far from being diverse, Dollar Bill reckons these funds are trading off the huge multiples of just a narrow few that can soak up the wall of money sitting in big funds. Dollar Bill compares index funds with his favourite pastime – punting small caps with his ears pinned back.

Xpedra Resources is set to begin a maiden drilling campaign at its Springfield gold deposit in central New South Wales after mobilising a reverse circulation drill rig to site. The program will target extensions to historical shallow high-grade gold and deeper mineralisation across a largely untested intrusion that has not been drilled since 1999.

St George Mining has tabled a step change to its already giant carbonatite-hosted Araxá rare earths and niobium project in Brazil, boosting its mineral resource by 75 per cent to 70.9 million tonnes. A sharp 218 per cent increase in the measured and indicated category has also strengthened the project's development potential, while ongoing drilling and new discoveries point to further near term growth.

Lindian Resources has snapped up a 51 per cent stake in a fully constructed mixed rare earths carbonate processing plant in Kazakhstan for the bargain price of just US$15M (A$21M), transforming the company from a concentrate producer into an integrated downstream supplier. The deal positions Lindian to produce high-value mixed rare earth carbonates by Q4 2026, leveraging its Kangankunde monazite feedstock in Malawi and strengthening US–Kazakhstan critical minerals cooperation.

Dalaroo Metals has kicked off geological mapping at its new Goldridge project in north-eastern Côte d'Ivoire, outlining a coherent 2km northwest-southeast-trending artisanal gold corridor within the prolific Birimian belt. Drone surveys, structural mapping and reconnaissance sampling are underway as the company moves towards drill targeting in one of West Africa's most endowed gold terrains.

BMG Resources has launched a new drilling blitz at the company's Abercromby gold project near Wiluna in WA to beef up its 518,000-ounce gold resource and test for extensions to the mineralisation, which remains open in all directions. The 10,000 metre drill program is the first major assault on the company's significant gold resource since 2023 and will test multiple targets for strike and dip extensions to high-grade lodes.

Patriot Resources has pulled the trigger on a transformational silver deal, completing the acquisition of its high-grade Tassa project in southern Peru. With a 31.4 million-ounce silver-equivalent JORC resource already on the board and mineralisation starting from surface, the company has instantly reshaped itself into a serious emerging silver growth play with clear upside.

Ora Banda has delivered a standout half-yearly result, with stronger gold prices and higher sales volumes. A successful ramp-up of its second underground mine, Sand King, also contributed to the numbers, driving record revenues, earnings and cash generation compared with the previous corresponding period. Revenue for the six months surged 80 per cent to $336.3 million, underpinned by total equivalent gold sales of 62,583 ounces.

The Bulls N' Bears ASX Runner of the Week is… Hubify Ltd, after it raised $250,000 at a whopping 425 per cent premium to fuel its AI push and managed services partnership. Besra Gold surged on conditional mining lease approval for its Jugan deposit within the monster 2.3-million-ounce Bau gold project in Malaysia, European Resources jumped after smashing high-grade rare earth hits, including 4.5m at 1.4 per cent TREO at its Korsnäs project in Finland and Cosmos Exploration kept the lithium party rolling with a capital raise amid its Bolivian brine bonanza tie-up.

Dateline Resources has taken a slice of a US company with a grab bag of US critical minerals projects and picked up 100 per cent of a high grade rare earths project south of its existing Colosseum project in California known as Music Valley. The new project is showing early signs of the more lucrative rare earths yttrium, dysprosium and neodymium, among others.

Corazon Mining is ticking off the final regulatory boxes ahead of maiden drilling at its Two Pools gold project in Western Australia's Gascoyne region. With a heritage survey now underway and drilling approvals in hand, the company is preparing to test a sizeable gold footprint that hosts multiple high-grade historical intercepts and has never been systematically followed up.

Lindian Resources has received independent confirmation from Australia's Nuclear Science and Technology Organisation that monazite concentrate from its Kangankunde rare earths project in Malawi is exempt from radioactive transport classification under the IAEA's SSR-6 framework. The ruling simplifies logistics and strengthens Lindian's pathway to market.