Public Company News

American West says historical mine dumps at its West Desert project in Utah carry significant critical metals grades, including peak assays of 1807g/t silver, 176.5g/t gold, 1010g/t tellurium and 2.26 per cent copper, alongside other base metals, while rock chip sampling has also extended the mineralised footprint. The company is currently running a 5000-metre diamond drilling campaign on the project.

Dalaroo Metals has begun a 4400-sample soil geochemical program at the Goldridge prospect within its Bondoukou project in Côte d'Ivoire. The program is targeting a 9 km-long gold corridor to identify multiple drill targets, with soil assay results to guide follow-up trenching and scout reverse circulation drilling.

Larvotto Resources has appointed The Hon. David Fawcett, former Assistant Minister for Defence and chair of the Joint Standing Committee on Foreign Affairs, Defence and Trade, as Strategic Advisor. The appointment is designed to position Larvotto's Hillgrove antimony production within Australia's critical minerals stockpile framework and allied defence supply chains; a role for which Larvotto is one of only two companies nationally qualified to contribute.

Peninsula Energy has restarted uranium precipitation and dried yellowcake production at its Lance project in Wyoming after replacing and commissioning agitator assemblies in its precipitation tanks. The nameplate capacity of the central processing plant remains unchanged at 2.0 million pounds per year and the company's 2026 guidance is unchanged at between 0.4 and 0.5 million pounds of uranium oxide.

Chariot Resources has confirmed the presence of valuable spodumene in all six previously disclosed high-grade samples from its Fonlo and Iganna lithium projects in Nigeria. Independent testwork identified easily processable spodumene, accounting for up to 75.3 per cent of the overall weight. The results provide a crucial technical input for planned metallurgical work and potential future mining scenarios.

Novo Resources is gearing up to drill its Wyloo antimony project in WA's Pilbara later this month, after finalising the A$6.2-million phase one tranche of an A$8.2M March placement, with A$2M still to come in tranche two. Drilling will kick off with 2500m of reverse-circulation holes at Wyloo, before moving to maiden drilling at Cronus, follow-up aircore drilling at Balla Balla and then its Teichman project, targeted for September.

Meeka Metals has shrugged off soggy conditions at its Murchison gold project, lifting mill throughput by a notable 37 per cent to 123,000 tonnes for the March quarter. While the weather impacted gold production, the company still grew its cash position to $50.1 million and says it will now feed the plant with higher-grade ore during the current June quarter.

Terrain Minerals is closing in on a maiden gold resource at its Lightning prospect in WA, with drilling at Smokebush rapidly building the geological picture as the company edges towards a defining milestone. The company is also advancing gallium and rare earths at its Larin's Lane prospect and drilling for rare earths at Lort River near Esperance, setting up a busy run of assays and updates.

Peninsula Energy has converted about US$4.1M of its convertible loan into roughly 19.8M shares at A$0.30, reducing its Davidson Kempner facility to about US$4.2M. The move marks the second reduction of the US$15M facility secured in July 2025 and aligns with its A$0.30 equity raise, strengthening the company's balance sheet as it advances uranium production at Lance.

St George Mining's Araxá drilling in Brazil has delivered its thickest intercept yet, headlined by 178.7 metres at 4.34 per cent total rare earth oxides and 0.75 per cent niobium pentoxide from surface. More long, high-grade hits continue to stack up, supporting a scoping study for a potential niobium operation and adding serious momentum to resource growth.

A surprise Easter gift has landed for Red Metal Limited shareholders after the company proposed an in-specie distribution of the majority of its 35.2 per cent stake in Maronan Metals. Eligible holders will receive one Maronan share for every 5.25 Red Metal shares held on May 14. The move creates a win-win, allowing Red Metal to focus on its massive Sybella rare earths discovery in northwest Queensland.

The Bulls N' Bears ASX Runner of the Week is… Cassius Mining, which more than doubled on its explosive $1.32B damages claim against the Ghanaian government in a David vs Goliath mining dispute. Cauldron Energy ran on a mystery share buyer – or two - of its uranium projects, as nuclear returns to prominence, Janus Electric's battery-powered trucks charged amid the fuel crisis and Omega Oil and Gas surged on hopes it can one day bolster Australia's domestic fuel supply.