Public Company News

American West Metals has revealed a sizeable new copper target at its Storm project in Nunavut, Canada, with historical drill tests intersecting visual copper sulphides at its newly titled Midway prospect. The company says a 2018-hole intersected 58m of visual sulphides, primarily chalcocite, with intervals containing up to 2.5 per cent estimated sulphide content.

With upgrades almost completed and a first gold pour under its belt Aguia Resources is about to kick off a 2500m diamond drill campaign targeting down-dip extensions to the vein systems at the company’s Santa Barbara gold project in Colombia. Aguia aims to deliver a maiden JORC resource for the project by year’s end. The company has also received government approval to sell its gold.

This edition of Bulls N’ Bears Big Hits singles out an exceptional recent hit. Patriot Battery Metals’ latest caesium discovery in Quebec, Canada, includes a best hit of 5m at 13.2% caesium oxide, while another hole produced a top grade in 1.1m at 26.61% caesium oxide.

Fear or fortune? Bulls N’ Bears takes a look at some ASX-listed companies trading at sub-1c a share that are flying under the radar despite doing interesting things after Trump’s tariffs sent the market sharply south. Should they indicate fear or point to fortune? You be the judge.

Dateline Resources has kicked off a bankable feasibility study at its 1.1-million-ounce Colosseum gold project in California, aimed at transforming the deposit into a long-life, high-margin open pit operation. By planning a two million tonnes per annum process operation, the company is targeting 75,000 ounces of gold production per year across 8.5 years, all as gold prices soar past US$3400 per ounce.

This week’s Bulls N’ Bears ASX Runner of the Week is… Grand Gulf Energy, after it acquired an option over a billion-barrel oil prospect off the coast of Namibia. Meteoric Resources announced a maiden resource for its ionic clay deposit in Brazil, Aus Strategic Materials flourished under US rare earths supply concerns following Chinese export bans and NeuroScientific Biophamaceuticals acquired an innovative and life-changing stem cell technology company.

Image Resources has shipped its first heavy mineral concentrate from its new Atlas project in the Dandaragan shire, 170km north of Perth, under an existing off-take agreement used for its previous Boonanarring project. The company shipped a nominal 10,000 tonnes of wet HMC from the port of Geraldton last week, just two months after commissioning the plant.

In a dramatic plot twist, Xanadu Mines has indefinitely postponed a shareholder meeting to approve a 25 per cent sell-down of its massive 4.7- million-tonne copper and 11-million-gold-ounce Kharmagtai project in Mongolia to Zijin Mining. The company says the delay will allow both parties to discuss a range of potential corporate outcomes. The big question is: What’s brewing behind the scenes?

Strickland Metals jumped 21% to 11c after securing $5M from Chinese mining giant Zijin to turbocharge drilling at its 7.4M-ounce Rogozna project in Serbia. The strategic placement gives Zijin a 2.4% stake and adds firepower to Strickland’s drill blitz, including a fast-track push to deliver a maiden resource at the high-grade Gradina gold deposit. Zijin already operates major copper-gold projects in Serbia, adding weight to the new alliance.

GreenTech Metals has hailed significant results from its first two diamond drill holes at its Whundo volcanogenic copper-zinc project south of Karratha, including 7.14m at 1.46% copper and 1.23% zinc from 277.16m. That intercept from the company’s unmined Austin conductor target includes 6.3m going 1.84% copper and 1.4% zinc from 278m, including 3.45m assaying 2.42% copper and 2.41% zinc from 278m.

Galan Lithium has announced a transformation partnership with US lithium expert Authium for a funding and offtake package that will propel its Hombre Muerto West lithium brine project toward first production. The deal includes a fully funded and operated plant to be supplied by Authium, eliminating a substantial US$41.5 million (A$65.5M) in capital expenditure for Galan.

In a major step toward its clean energy pivot, Pilot Energy has secured $5 million via a heavily oversubscribed placement priced at an impressive 100 per cent premium to its last trade. Pilot will use $4.5M to shore up the acquisition of a remaining 82 per cent stake in the Cliff Head oil project from Triangle Energy.