Public Company News

Great Southern Mining has assayed 3m at 2.55g/t gold from 33m, including 1m at 6.48g/t gold, in the final results from a February RC drilling program at its Golden Boulder East trend at its Duketon project in WA. The hole included a separate 2m hit going 1.81g/t gold from 42m. A second hole probed 1m assaying 1.02g/t gold from 53m and 2m at 1.42g/t gold from 60m.

This week’s Bulls N’ Bears ASX Runner of the Week is… Redstone Resources, which announced a biblically deep drill hole to test for copper in WA’s West Musgraves. Anteris Technologies ran on a $9/share price target from US-based Cantor Fitzgerald’s research department and Jindalee Lithium shot up on news its flagship McDermitt project had received US government backing to be listed on a strategic fast permitting framework.

Latitude 66’s KSB project in Finland is a key part of a wide-scale, European Union-funded geophysical and geological exploration and innovation program hunting for new critical mineral resources. The imminent $9M UNDERCOVER project aims to increase Europe’s raw materials production and will include the Kuusamo Schist Belt, which hosts Latitude’s flagship project.

McLaren Minerals has put a bow on a 6000m air core drilling campaign at its flagship McLaren titanium project in WA’s Eucla Basin, aiming to improve resource definition and progress feasibility studies. The six-week program covered 64 per cent of planned priority locations, with infill drilling enhancing the existing 280-million-tonne resource and step-out holes revealing thick new heavy mineral sands zones to the north and east.

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?