Public Company News

Chariot Corporation may have struck the lithium jackpot, with site visits confirming sprawling, drill-ready lithium-caesium-tantalum (LCT) pegmatites at its Fonlo and Iganna projects in southwest Nigeria. The two projects are part of a four-project portfolio in the Oyo and Kwara States, which the company recently pounced on after scooping up a 66.667 per cent stake in C&C Minerals Ltd.

Toro Energy is set to be acquired by Canadian uranium firm IsoEnergy, which plans to add to its portfolio of high-grade North American projects with the addition of Toro's flagship Wiluna uranium project. The market liked the deal too, sending Toro's shares to a 52-week high of 48 cents, up from yesterday's 32.5c close on the highest daily volume in 12 months of 7.3 million shares.

Kalgoorlie Gold Mining has turned the rigs back on at its Pinjin project, launching a fresh diamond drilling campaign across its Kirgella Gift and Providence deposits in Western Australia's Laverton Tectonic Zone. Backed by $130,000 of WA State government co-funding, the four-hole, 1070m program is targeting structural sweet spots where converging gold plunges could drive resource growth.

Dateline Resources' impending BFS will likely get a big financial shot in the arm when compared to its October 2024 scoping study that assumed a gold price US$1300 per ounce less than today's spot price. The bankable feasibility study for the company's Colosseum gold-rare earths project in California is in full swing and remains on schedule with mining quotes, testwork and long-lead procurement items all tracking to plan.

St George Mining has raised a staggering $72.5 million at 10 cents a share with $50m flowing from big institutions and $22.5m coming in from billionaire Gina Rinehart's Hancock Prospecting. The funds will fast track the company's Araxá rare earths–niobium project in Brazil that is shaping up to be one of the most significant rare earths discoveries on the planet.

Terrain Minerals has reported high-grade gold assays alongside silver hits from its Lightning Prospect at the Smokebush Project in WA's Murchison, reinforcing a strong gold-silver correlation. One significant intercept of 22m yielded 2.87g/t gold from 105m, including 21m at 15.79g/t silver from 105m, 1m at 70.59g/t silver from 108m and 1m at 60g/t silver from 124m. Follow-up drilling is proposed to further develop the dual-commodity potential.

Bulls N' Bears ASX Runner of the Week is… Infini Resources after it nailed eye-popping uranium visuals and XRF hits from its Canadian drill blitz at Portland Creek. Xstate Resources struck a gas column jackpot deep in Queensland's Surat-Bowen Basin, Pure Foods Tasmania's gourmet pâté stormed Coles' national shelves with a tenfold order boom and Battery Age Minerals got the green light to drill its high-grade gold-silver beast in Argentina, proving small caps can thrive on metals mania and geopolitical fireworks.

ASX-listed Triangle Energy has banked a trifecta in the Philippines, bagging two offshore and one onshore petroleum exploration licences, which the company says have handed it a commanding position in some of the region's most prospective, underexplored terrain. With contingent resources in the hundreds of billions of cubic feet and gas-hungry markets on tap, Triangle is now sitting on what could be Southeast Asia's next major gas story.

Altech Batteries is hailing a breakthrough with a major advance in its Silumina Anodes technology, recording 88.5% capacity retention after 500 charge-discharge cycles by adding just 5% alumina-coated silicon to graphite anodes. The company's latest Silumina Anodes deliver a charge capacity of 420 mAh/g which far surpasses graphite's capacity in the range of 230-250 mAh/g. Altech's Saxony pilot plant confirms scalability, promising longer EV range and lighter batteries.

Octava Minerals will launch aircore drilling next week at its Byro Critical Minerals Project in WA's Gascoyne region, following outstanding bioleaching test results which showed recoveries of up to 85% rare earths, 92% lithium, and 78% vanadium. Octava has planned an 18-hole, 1000m program that, pending final approvals, will target a maiden resource via testing of high-grade zones in the host Coyrie Formation.

Larvotto Resources has peeled off another impressive set of drill results from its Eleanora-Garibaldi zone at its Hillgrove antimony-gold project in New South Wales. The company has notched up standout intercepts such as 30m at 3.29g/t gold equivalent and 5.4m at 11.99g/t gold equivalent, with several zones still open at depth. The hits are expected to underpin upcoming resource and reserve upgrades.

Corazon Mining has secured a 12-month option for 80% of the Feather Cap gold project in WA's Gascoyne region which hosts high-grade hits up to 20m at 3.01g/t and sits near Westgold's 2.9Mt Durack gold project. Other historical hits including 7m at 6.21g/t gold highlight potential across the 154 square kilometre project. With its Two Pools project 150km to the northeast, Corazon's regional footprint is growing.