Murray Ward

Bulls N' Bears 1 day ago

The Cap Raise Crucible: Big books, broker options and mixed fortunes

More than $700 million of ASX capital raising action kept brokers busy, led by L1 Global Long Short Fund's $480m monster entitlement offer. The Cap Raise Crucible has followed the money through fees, broker options and project funding before checking the damage, or delight, once the deals hit the market, with placement punters emerging on both sides of the ledger.

Bulls N' Bears 1 day ago

Dalaroo chases more gold after spectacular Côte d’Ivoire hit

Dalaroo Metals has launched a five-hole, 1250-metre follow-up drill campaign at its Bondoukou gold discovery in Côte d'Ivoire after a spectacular maiden hit of 18m at 7.31 grams per tonne gold from just 63m. The program will test the strike and depth of the discovery as the company looks to build on its early success in the rapidly emerging West African gold province.

Bulls N' Bears 07 Oct 2026

Rich Côte d’Ivoire gold strike sends Dalaroo soaring

Dalaroo Metals shares surged 106% to close at 15.5c on huge turnover after making a significant high-grade gold discovery from the first holes of its maiden drilling program at the Bondoukou project in Côte d'Ivoire. The standout intercept was 18m grading 7.31 grams per tonne gold, with a second hole returning a broad 23m at 2.14g/t from surface. The results come from a 7km-long gold corridor.

Bulls N' Bears 06 Oct 2026

Manhattan strikes high-grade polymetallic pay dirt in Canada

Manhattan Gold Corporation has hit paydirt with its very first drillholes at the Spectre prospect in Canada, returning a high-grade cocktail of copper, gold, silver and zinc. The best intercept was 6.1m at 3.18 per cent copper, 1.37g/t gold, 147.9g/t silver and 1.35 per cent zinc. The discovery confirms a new VMS-style system, complementing the company's existing Jaws gold target.

Bulls N' Bears 05 Oct 2026

King River jags shallow high-grade Murchison gold

King River Resources has confirmed shallow, high-grade gold at its recently acquired Mindoolah project in WA's Murchison province. A first-pass drilling campaign delivered an impressive 79 per cent hit rate, with top results including 1m at 13.59 grams per tonne gold and 1m at 10.70g/t gold. A follow-up drill program is already scheduled to commence this month.

Bulls N' Bears 02 Oct 2026

Patriot puts 3km Peru silver corridor under microscope

Patriot Resources has launched a significant exploration program at its Tassa silver-gold project in Peru, aiming to expand its existing 31.4-million-ounce silver-equivalent resource. The company has completed its first round of surface sampling at the northern Pachamayo target, with 38 samples now at the lab for analysis. With key community agreements secured, the program now moves south to test the Tassa 5 tenement.

Bulls N' Bears 01 Oct 2026

NeuroScientific specialist hire sets stage for major Crohn’s trial

NeuroScientific Biopharmaceuticals has pulled the trigger on a planned phase two clinical trial for refractory Crohn's disease, appointing leading Australian clinical research organisation Southern Star Research to manage the study in Australia and the United States. The trial will evaluate the company's patented “StemSmart” stem cell technology in a market estimated to be worth around US$13 billion.

Bulls N' Bears 01 Oct 2026

Lindian powers up Malawi rare earths as production looms

Lindian Resources has successfully commissioned and energised grid power to its Kangankunde rare earths project in Malawi. The 27km power line was delivered two weeks ahead of schedule and about 20 per cent under budget, removing a key risk on its path to targeted first production in late 2026. The move connects the globally significant project to Malawi's national grid.

Bulls N' Bears 30 Sep 2026

Forrestania boosts gold resource at WA hub

Forrestania Resources has added more weight to its Forrestania Hub in WA, unveiling an updated 285,700-ounce gold resource for its Ladies project and boosting high-confidence ounces by 43 per cent to 100,400. The result feeds into the company's ambitious two-plant strategy, aimed at consolidating satellite deposits to supply its Edna May and Lake Johnston processing facilities.

Bulls N' Bears 29 Sep 2026

Copper-gold clues point to Timor-Leste porphyry prize for Estrella

Estrella Resources strengthened the case for a porphyry-style copper system at its Laleno Dome project in Timor-Leste, with new assays adding gold to the mix. Rock chips have returned up to 1.3g/t gold, 22.6g/t silver and a spectacular 45.61 per cent copper from the same sample, firming up the project's potential to host a major copper-gold system.

Bulls N' Bears 25 Sep 2026

Cap Raise Crucible: $2.7B torrent keeps brokers on the boil

This fortnight's edition of Cap Raise Crucible has tracked more than $2.7 billion thundering through the ASX capital-raising machine, topped by NEXTDC's monster $1.1 billion UBS-managed convertible note, while Canaccord popped up across a string of resources books. Once the money landed, however, the aftermarket told another story as Vanadium Resources surged, Parbo Resources shone on debut and several heavily backed raisings slipped underwater.

Bulls N' Bears 25 Sep 2026

Kuniko wraps NSW drilling ahead of resource update

Kuniko Limited has completed its phase two diamond drilling program at the Silica Hill prospect within its Commonwealth gold-silver project in NSW's prolific Lachlan Fold Belt. The five-hole, 1492-metre campaign aims to expand the mineralised system ahead of an updated mineral resource estimate targeted for Q4 this year, with assays expected in October.

Bulls N' Bears 24 Sep 2026

Forrestania lifts WA British Hill gold resource past 210,000 ounces

Forrestania Resources has boosted its British Hill gold resource by 21 per cent to 4.12 million tonnes grading 1.60 grams per tonne for 212,400 ounces of gold. The update includes a 37 per cent lift in the higher-confidence indicated category to 138,100 ounces and follows recent drilling that delivered a hefty 59-metre intersection grading 2.38g/t gold.

Bulls N' Bears 21 Sep 2026

Dalaroo cracks geological code to Greenland rare earths

Dalaroo Metals has defined the structural architecture at its Blue Lagoon rare earths project in Greenland, with a mapping program completing 354 structural measurements. The work identified key fault and vein trends similar to the nearby Ilua REE discovery by Amaroq Minerals, providing a new framework for targeting mineralisation. The company is now integrating the data ahead of pending assay results from over 200 samples.

Bulls N' Bears 21 Sep 2026

Forrestania bolts on strategic WA gold ground

Forrestania Resources has executed a deal to acquire four granted exploration licences in WA's goldfields for $250,000. The acquisition complements the company's hub-and-spoke strategy, centred on its recently-defined 402,800-ounce Edna May project. The move comes amid a hot M&A market for WA gold assets and strong long-term gold price forecasts.

Bulls N' Bears 18 Sep 2026

Forrestania monster newsflow lands four WA gold project prefeasibility studies

Forrestania Resources has unleashed a flood of news, delivering prefeasibility studies across four WA gold projects alongside maiden ore reserves that sharpen its pathway towards production. The company's two-hub strategy centres on its Edna May and Lake Johnston processing plants, while standout British Hill drilling has added exploration upside. Forrestania has also landed inclusion in the globally followed VanEck Junior Gold Miners ETF.

Bulls N' Bears 18 Sep 2026

Aurum nails high-grade gold outside 3.22Moz Côte d'Ivoire resource

Aurum Resources has returned a swag of high-grade gold hits from drilling outside its 3.22-million-ounce Boundiali resource in Côte d'Ivoire. The company's latest assays from a massive 100,000m drill campaign include bonanza gold grades up to 51.38 grams per tonne at the BMT2 prospect, which still has no defined resource, pointing to significant upside.

Bulls N' Bears 17 Sep 2026

Augustus drill bit set to chase 30g/t WA gold target

Augustus Minerals has completed three drill holes at its Clifton East prospect within the Music Well gold project near Leonora, with the high-grade St Patrick's Well prospect next in its sights. The target is peppered with impressive rock-chip samples grading up to 30.4 grams per tonne of gold, with the company now waiting for ground conditions to improve before firing up the drill rig again.

Bulls N' Bears 14 Sep 2026

Forrestania doubles down with second 2Mt WA gold ore deal

Forrestania Resources has executed two major agreements with MEGA Resources, underpinning its WA processing hub strategy. The company secured the right to purchase and process up to 2 million tonnes of ore over 24 months. A second five-year agreement establishes MEGA as a preferred mining services contractor, advancing Forrestania's restart readiness for its Lake Johnston and Edna May facilities.

Bulls N' Bears 11 Sep 2026

Buru books maiden reserve to fuel WA Rafael gas ambitions

Buru Energy has kicked a major commercial goal, booking a first-ever independently assessed 2P reserve of 15.25 million barrels of oil equivalent for its Rafael gas-condensate project in WA's Canning Basin. The milestone is a critical funding enabler for the proposed two-well development, which is targeting first sales of LNG, LPG and condensate to the Kimberley region by 2029.

Bulls N' Bears 11 Sep 2026

Cap Raise Crucible: Canaccord leads big mining dash for cash

The Cap Raise Crucible saw ASX cheque books well and truly remaining open as over 35 raisings chased $687.5 million. Big mining books led the charge, while Canaccord sat in the vanguard with nine mandates worth about $380 million. Discounts ranged from hefty to almost non-existent, yet aftermarket performances proved the real test, leaving some punters well ahead and others nursing an early black eye.

Bulls N' Bears 09 Sep 2026

IsoEnergy fires up Canadian uranium play with sizzling hits

TSX-listed uranium giant IsoEnergy, fresh from snapping up Australian yellow cake explorer Toro Energy, has tabled spectacular drilling results from its world-class Hurricane deposit in Canada's Athabasca Basin, intersecting widespread, high-level radioactivity outside the existing resource. The project already boasts a mind-boggling grade of 34.5 per cent uranium oxide, signalling significant expansion potential for the newly-merged entity.

Bulls N' Bears 07 Sep 2026

Manhattan bites into high-grade gold at Canadian Jaws target

Manhattan Gold Corporation has delivered another round of high-grade gold hits from its Hook Lake project in Canada. Latest results from the Jaws prospect include a shallow intercept of 15.24m at 5.35g/t gold. The drilling has successfully expanded the mineralised system's strike length to 588m and confirmed gold to a depth of 223m, with assays for another 14 holes pending.

Bulls N' Bears 04 Sep 2026

Aurum adds more high-grade ounces to West African gold tally

Aurum Resources has unveiled a volley of high-grade gold hits from its 3.22-million-ounce Boundiali project in Côte d'Ivoire. The latest drilling returned a standout 5.63m at 31.79g/t gold, along with a spectacular 0.50m at 104.13g/t. The results are part of a 100,000-metre program designed to expand the resource ahead of a definitive feasibility study later this year.

Bulls N' Bears 03 Sep 2026

Dalaroo ups the ante with 12,000m drilling assault on African gold

Dalaroo Metals has launched a 12,000m maiden reverse circulation drilling campaign at its Bondoukou gold project in Côte d'Ivoire. The program will test a 7km-long gold-anomalous corridor where previous soil sampling returned stunning results of up to 23.26 g/t gold. The campaign is funded by a recent A$2.5 million placement and comes as gold prices remain elevated.

Bulls N' Bears 02 Sep 2026

KalGold strikes high-grade gold in WA elephant country

Kalgoorlie Gold Mining has unveiled high-grade gold at its Pinjin project, 140km northeast of Kalgoorlie, with a top hit of 3m at 9.01g/t gold including 1m at 19.70g/t. The project sits in the prolific Laverton Tectonic Zone, a structure that has yielded over 30 million ounces of gold, strengthening management's view of a potential concealed goldfield.

Bulls N' Bears 02 Sep 2026

ZhongNuo, Chariot kick off fieldwork in Nigerian lithium hunt

Chariot Resources says its partner ZhongNuo, a subsidiary of a Chinese Fortune 500 goliath, has kicked off geological mapping at the Iganna lithium project in Nigeria. The work is the first step in a partner-funded program that could lead to a minimum 1500m drill campaign, trial mining and a Direct Shipping Ore (DSO) offtake deal, all at the partner's cost.

Bulls N' Bears 01 Sep 2026

King River jags 44g/t gold in WA surface sampling

King River Resources has unveiled a suite of high-grade gold results from rock chip sampling at its Mindoolah project in WA's Murchison province. Peak assays hit an impressive 44.3 grams per tonne gold from the Bertram's prospect, with multiple other high-grade samples defining several distinct target styles ahead of a drill campaign scheduled to kick off in early October.

Bulls N' Bears 31 Aug 2026

Aguia revives 55Mt Brazilian phosphate resource as policy shifts

With Brazil pushing to reduce its reliance on fertiliser imports, Aguia Resources has dusted off its Lucena phosphate project, which holds a 55-million-tonne inferred resource. The move follows early sales success at its recently commissioned Três Estradas phosphate operation. The company plans to re-engage with regulators to advance licences and conduct new economic and technical studies on the north-east Brazil asset, which also hosts a 41.4-million-tonne limestone resource.

Bulls N' Bears 27 Aug 2026

Forrestania inks $145M mining contract for WA gold hub

Forrestania Resources has taken a major step towards gold production, awarding a two-year, $145 million mining contract to MEGA Resources for its Johnson Range project while also advancing its Lake Johnston processing hub. The moves are the latest in an aggressive acquisition and development strategy that has seen the company build a major resource base to feed two WA gold processing hubs.

Bulls N' Bears 27 Aug 2026

Canaccord, Euroz Hartleys, Argonaut and Taylor Collison make the running

Another busy capital raising fortnight kept Australia's broking desks humming, with Canaccord, Euroz Hartleys, Argonaut and Taylor Collison among the houses landing key mandates. The Cap Raise Crucible examines who won the work, what investors paid, where the money is heading and which deals delivered the strongest aftermarket returns.

Bulls N' Bears 26 Aug 2026

Rio2 gets green light for Peruvian copper expansion

Rio2 Limited has received a major regulatory boost, securing environmental approvals for an expansion of its Condestable copper mine in Peru. The approvals allow for an increase in production to 10,000 tonnes per day, a 10-year extension of the mine's life and a new 43-million-tonne tailings facility. The decision follows a recent reserve update that underpins a 14-year mine life.

Murray Ward

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