Public Company News

In a bold decision that could accelerate the path to production, Lindian Resources has decided to run its Kangankunde rare earths project in Malawi under an owner-operator model. By ditching contract miners and putting its own team in the driver's seat, the ASX-listed junior aims to sharpen efficiency, cut long-term costs and stamp more control over one of the world's most anticipated rare earths developments.

Larvotto Resources has struck geophysical gold at its Hillgrove antimony-gold project in New South Wales, with a groundbreaking induced polarisation survey at the undrilled Kiarra Prospect revealing resistivity highs that scream untapped potential. Historically, mineralisation found at the site has shown a strong correlation with resistivity highs, with the geophysical anomalies interpreted as potential lode extensions.

Toronto-listed Royal Road Minerals has welcomed Rio2 Limited onto its register after the Chile-focused developer picked up a 15 per cent stake in Royal Road in an on-market trade worth C$4.6 million (A$5 million). The deal propels Rio2 into substantial-holder territory and locks in boardroom rights, setting the stage for a heavyweight partnership between two hungry gold players both gearing up for serious growth on multiple fronts.

Estrella Resources has kicked off RC drilling at its Werumata limestone project in Timor-Leste, targeting a 500-million-tonne resource. Approvals have been secured and drilling is imminent, as the company eyes an early offtake deal. Estrella's environmental impact statement and management plan have been given the green light, paving the way for it to launch its maiden drilling campaign in about two weeks.

Thunderbird Resources' joint venture partner Mustang Energy has kicked off a 2000m diamond drilling campaign at the duo's Surprise Creek uranium-copper project in Canada's Athabasca Basin. The program aims to unlock a high-grade prize at the world's premier uranium address. Past results at site hit 2.1m at 4.37 per cent uranium, just 57m below surface, and rock chips grading up to 7.98 per cent.

Aurum Resources has nailed stellar gold hits in infill drilling at its Boundiali project in Cote d'Ivoire, including 1 metre assaying a bonanza 152.35g/t gold, in a 12-hole campaign targeting a pre-feasibility study in the first quarter of 2026. Potential exists for significant resource growth as mineralisation remains open along strike and at depth.

Terrain Minerals' latest drilling results shine with 13m at 8.13g/t gold, including 2m at 48.22g/t and 1m at 18.04g/t at its Monza and Lightning targets in the company's Smokebush project, about 350km north of Paynes Find in WA. Eighty per cent of the reverse circulation drill holes jagged gold, with multiple thick zones, while IP surveys point to a possible big system that remains open along strike and to depth.

The US Government's plan to take a direct stake in Lithium Americas' Thacker Pass mine has sent shockwaves through the battery metals market. With lithium now squarely a matter of national security, ASX-listed Chariot Corporation has landed in the spotlight. It holds one of the biggest lithium land packages in the US and a tier-one scale project portfolio.

Bulls N' Bears ASX Runner of the Week is… Everlast Minerals, after the newbie blasted onto the boards with a $6 million oversubscribed IPO for its Bangladesh mineral sands play. Finder Energy's Timor Sea oil farm-in with national heavyweight TIMOR GAP slashed the funding hurdles for first gushers, Environmental Clean Technologies zapped into the forever chemicals fight by grabbing Rice University's flash heating tech, and Swift Networks' tie-up with aged care giant Opal HealthCare unlocked screens and upsold cash amid regulatory rewrites.

Dateline Resources has landed a cracking validation at its Colosseum gold-rare earths project in California, with a second geophysics survey confirming a standout carbonatite rare earths target. The fresh results double down on the project's potential to deliver a major rare earths discovery. Drilling continues at the white-hot United States play.

Siren Gold's Langdons project in New Zealand's Paparoa goldfield has dazzled with assays up to 38.5g/t gold and 5.7% antimony from open-pit channels samples, and 37.8g/t gold and 20.9% antimony in adit mullock. The results confirm previous sample analyses, including a bonanza-grade 506g/t gold and 6% antimony from open-pit mullock. Multiple mineralised structures span a 400m strike, while soil geochemistry flags extensions under cover.

Rio2 Limited has inked deals with two water suppliers in Chile's Copiapo region to study piping desalinated water from the coast up to its high-altitude Fenix Gold mine in the Atacama Desert. The move paves the way for an ambitious expansion that could see the project churn out 300,000 ounces of gold a year for the next decade, firmly positioning Rio2 as a major player in the Americas.