Public Company News

Xpedra Resources has bolstered its New South Wales portfolio by acquiring the high-grade Neeld gold project, a historic producer of about 439,000 ounces at exceptional grades of 41g/t. At the same time, early drilling at its Springfield project, 200km to the north-east, has delivered wide, shallow gold zones, confirming a growing mineralised system and positioning the company with a blend of high-grade, bulk tonnage exploration upside.

Ora Banda Mining has confirmed the significant mining potential of its Golden Pole lode at the Waihi project near Davyhurst. The new infill drilling results, featuring some bonanza-grade gold hits, will now be fast-tracked into an updated mineral resource and ore reserve estimate. The company is targeting the high-grade deposit as its potential third underground mine in the region.

Aurum Resources has reported multiple gold hits from its Boundiali project in Côte d'Ivoire, with thick intercepts at its BDT2 deposit extending mineralisation beyond current resource limits. The results support ongoing drilling aimed at resource growth and confidence upgrades ahead of upcoming feasibility studies.

Terrain Minerals has concluded a 671m diamond drilling program at its Lightning gold project in WA to obtain rock density and important structural inputs for its upcoming maiden resource estimate in July. The company nailed a high-grade intercept of 3.4 metres assaying 4.96g/t gold from 213.6m depth, including 1m at 10.93g/t gold, which it says confirms continuity of higher-grade zones at depth.

Dalaroo Metals has appointed Trystan Hughes as exploration manager to oversee its prime projects in Greenland and Western Australia. Hughes brings deep experience from the Nalunaq gold project, positioning the company to unleash the potential of its Blue Lagoon asset. Recent sampling has confirmed elevated zirconium values within a sediment-hosted system, providing a rock-solid foundation for a results-rich exploration.

Red Metal Limited's maiden drilling at its Pulkarrimarra project in Western Australia's Paterson Province has confirmed the presence of fertile host rocks and hydrothermal systems linked to copper and gold mineralisation. While assays did not return economic grades, the program validated key geological targets and highlighted several untested anomalies, positioning the project as a priority focus for further exploration.

Lindian Resources has locked in a significant diesel supply deal for its giant Kangankunde rare earths project in Malawi, de-risking its construction and commissioning program as it targets first production later this year. The company has secured a 12-month supply of 500,000 litres of diesel fuel at a fixed price of US$2.83 (A$3.96) per litre for the project.

The Bulls N' Bears ASX Runner of the Week is… Bison Resources, which more than tripled on debut after a heavily oversubscribed $5.5 million IPO to chase gold and silver in Nevada's world-class Carlin Trend. Genetic Signatures charged higher on a major Danish hospital supply contract for its gastrointestinal diagnostic assay, Narryer Metals more than doubled on a premium placement backed by veteran investor Tim Goyder, and Immutep rebounded strongly after securing FDA Orphan Drug Designation for its efti alfa drug for soft tissue sarcoma.

Gold Fields and Great Southern Mining are sharpening the drill bits for a return to the joint venture's expansive Edinburgh Park gold project in north Queensland, with diamond drilling set to begin once the wet season wraps up in May. The company will test the high priority Mt Dillon target, defined by a strong induced polarisation anomaly and extensive hydrothermal alteration.

Titanium Sands is closing in on a mining licence at its Mannar heavy mineral sands project in Sri Lanka, with the application awaiting policy approval. Backed by a $400,000 funding extension and environmental studies nearing completion, the company is progressing the 318-million-tonne resource with strong economics, positioning the project as a potentially significant long-life producer in the region.

Ora Banda Mining has rung the till in spectacular fashion, banking $76.3 million in free cash flow from a record March quarter, during which it produced 38,766 ounces of gold. The bumper result swelled the company's cash balance to a formidable $231.7 million, underpinned by record throughput at the Davyhurst mill and a massive tenfold resource increase at its Round Dam deposit.

Dalaroo Metals has taken a key step towards a potential major discovery at its Bondoukou gold project in Côte d'Ivoire, securing critical stakeholder support to kickstart exploration. With field access locked in and a local workforce engaged, the company has already completed 40% of a major soil geochemistry program. Results from the 9.5km mineralised trend are expected to define high-grade targets for an upcoming drilling blitz.