Public Company News

Rio2 Limited has tightened the screws on its balance sheet and bolstered its bench, slicing US$20 million off the debt for its Peruvian Condestable copper project whilst unveiling a seasoned management line-up. With gold flowing at its Fenix project in Chile and copper exploration humming in Peru, the company is shaping up for a disciplined growth run with a considerably sharper financial edge and deeper operational firepower.

Beetaloo Energy has significantly bolstered its war chest, banking a cool $15.4 million cash refund courtesy of the Federal Government's Research and Development tax incentive scheme.

St George Mining has signed a memorandum of understanding with Boston Metal to test Boston Metal's molten oxide electrolysis process for producing ferroniobium at the Araxá project in Brazil. The process could simplify conventional refining steps, lower costs and cut carbon emissions, with rare earths also potentially concentrated in slag, thereby reducing onward processing costs.

BMG Resources has launched diamond drilling at its Abercromby gold project in Western Australia, testing for high-grade extensions to its 518,000-ounce gold resource. With reverse circulation pre-collars finished, the diamond rigs are now targeting depths of up to 500 metres at its Capital deposit. Results are expected within weeks as the company nears completion of a scoping study for the project.

Larvotto Resources has unveiled more encouraging drilling results from its historic Metz Mining Centre, part of the company's Hillgrove antimony-gold project in NSW. Results included thick antimony-gold zones, including a broad 31.5-metre mineralised run with high-grade tungsten, lending further weight to a looming resource and reserve upgrade.

Lindian Resources has landed a fresh $100 million in funding through a placement to fully fund its stage one Kangankunde rare earths project in Malawi and its SARECO processing facility in Kazakhstan. The raise establishes a debt-free path to production and enables the company to accelerate its stage two mine expansion plans, strengthening its position as an integrated rare earths supplier.

Dateline Resources has completed a $50M placement to leading institutional investors, taking cash holdings to $96M and putting its Colosseum gold project in California firmly on the path to production. More than 95% of the funds came from financial institutions, signalling a powerful endorsement of the project's quality. Enabling works are already underway on site, the bankable feasibility study is due this month and SEC registration is advancing.

St George Mining has linked up with a globally-leading European rare earths processing firm to conduct testing on the company's hard-rock rare earths material at its blockbuster Araxá project, in the Brazilian State of Minas Gerais. Management has signed a memorandum of understanding with the industry-leading Spanish engineering firm, Tecnicas Reunidas S.A, to process samples from the high-grade Araxá resource to produce a mixed rare earth carbonate.

Great Southern Mining has launched a maiden deep diamond drilling campaign at its Golden Boulder discovery within Western Australia's Duketon Gold Project. The program features a 700-metre government-co-funded hole at the Ogilvies prospect, marking the first drilling beyond 155 metres in depth in the area. It aims to unlock the primary source of a 3.5-kilometre gold system that has previously yielded high-grade intercepts.

MetalsGrove Mining has upgraded its Fifty-Five prospect at the Zuénoula project in West Africa, after soil sampling returned a remarkable peak soil gold value of 583ppb gold in a 3.3-kilometre-long section of a more extensive northeast-trending structural corridor. The regional sampling program has outlined seven prospects across the permit, with further infill and step-out sampling planned alongside regolith mapping and high-resolution LiDAR interpretation, ahead of drill targeting.

Beetaloo Energy is emerging as a standout in the Northern Territory Beetaloo Basin after global major INPEX farmed into nearby acreage and competitors refined their positions. With 100 per cent ownership, strong flow results and key approvals secured, the company offers a rare unencumbered entry point as corporate interest builds ahead of potential first gas in 2026.

The Bulls N' Bears ASX Runner of the Week is… Killi Resources, after a boardroom makeover lured in ex-Fortescue boss Nev Power in a bold tilt for its Mt Rawdon West gold-copper play, in Queensland. Amplia Therapeutics more than doubled after delivering another eye-popping complete cancer response in its pancreatic cancer trial, NuEnergy ripped higher in a speculative frenzy amid tightening gas supply concerns, alongside the worsening Cyclone Narelle and 4DMedical charged again after the world-renowned Mayo Clinic deployed its breakthrough CT:VQ lung imaging tech.