Public Company News

Terrain Minerals has kicked off diamond drilling at its wholly owned Smokebush gold and silver project, about 350km north of Perth, in WA's prospective Yalgoo mineral field. The program plans to target the company's new Lightning prospect and is aimed at firming up geological information to support the company's proposed maiden JORC mineral resource estimate slated for the second quarter of the year.

Xpedra Resources has handed the keys to a seasoned mine builder just as the drill bit prepares to bite into its promising Springfield gold deposit in New South Wales. With chunky historical hits from surface and a 25-year exploration hiatus, the company is betting fresh leadership and fresh holes can turn a forgotten play into a modern Australian gold story.

BMG Resources has landed a $2.5 million placement at 2.1 cents per share, backed by cornerstone investor Tribeca Investment Partners - an internationally recognised firm specialising in high-growth resources plays - along with European strategic participants and strong retail support. The raise will fuel an expanded exploration push across the company's WA gold portfolio and comes amid today's 29.17 per cent share price hike.

Ora Banda Mining has grabbed a saddlebag of outstanding high-grade drilling intersections, with a best hit of 14 metres assaying 18.5 grams per tonne gold. The results also included 12 metres grading 21.5 grams per tonne gold. The find points to a 7-kilometre corridor containing multiple high-grade mineralised shoots, enhancing surface mining opportunities near the company's Davyhurst Mill in Western Australia.

Dalaroo Metals has identified a strong zirconium–hafnium correlation at its Blue Lagoon critical minerals project in Greenland, confirming a zircon-dominated heavy mineral system. The results support a sedimentary heavy mineral sands model, low-cost gravity separation potential and materially de-risk both exploration and future development pathways at the project.

Horizon Minerals has generated another quarter of strong cash flows from gold sales, banking $23.3M from 3689 ounces sold, while ending the period with a healthy $37.5M cash balance and 14,300 ounces of contained gold in stockpiles. The robust quarterly came amid record-high gold prices and featured the safe completion of open-pit mining at the company's Boorara and Phillips Find open pits.

The Bulls N' Bears ASX Runner of the Week is… Apollo Minerals, which dusted off the historic high-grade Salau tungsten mine in France with a fresh five-year permit. Terra Metals unleashed a monster PGM sulphide hit at Dante in the Musgraves with a whopping 4m at 6.71g/t PGE3, sparking comparisons to South Africa's Bushveld monsters and Nagambie Resources inked a juicy JV with the $2.2 billion gold-antimony producer Alkane Resources on Australia's highest-grade antimony-gold play.

Gold Fields is gearing up to re-start drilling at Great Southern Mining's extensive Edinburgh Park project in north Queensland, chasing the kind of large-scale gold systems that built some of the state's biggest mines. With multiple targets already showing the right geological fingerprints and encouraging results from one target so far, 2026 is shaping up as a pivotal year in this heavyweight exploration joint venture.

Ora Banda Mining has signed off on $63 million in key investments to crank up capacity across processing, mining and camp infrastructure at its fully-owned Davyhurst project in WA's goldfields. The centrepiece is a $10 million commitment to advance the proposed three-million-tonne-per-year standalone processing plant from its definitive feasibility study towards front-end engineering design.

Octava Minerals has begun a maiden drilling campaign at its Byro critical minerals project in WA's Gascoyne region, targeting black shales prospective for rare earths, lithium and vanadium. The program follows strong bioleaching recoveries and coincides with improved acquisition terms, sharpening the pathway toward defining a large, low-impact critical minerals system.

Meeka Metals has notched up another robust quarter at its Murchison Gold mine in Western Australia, lifting output to 9174 ounces while generating $23.9 million in cash, to take its holdings to $67.4 million. All-in sustaining costs came in at $2365 per ounce, underpinned by an average realised gold price of A$6275 per ounce on 7953 ounces sold for $49.9 million in revenue.

Horizon Minerals has continued to intersect bonanza-grade gold in drilling at its Burbanks gold project, south of Coolgardie in Western Australia, with assays confirming another stellar intercept grading up to 396.6 grams per tonne. The standout result of 2m at a whopping 235.7g/t gold from 248m depth included a 1.16-metre section grading 396.6g/t gold within a breccia zone of coarse visible gold.