Public Company News

Xpedra Resources has continued to deliver wide, shallow zones of gold at its new Springfield project in New South Wales, with the latest batch of assays returning multiple thick hits, including a 52-metre intercept grading 1.35 grams per tonne gold from just 20m downhole. Management says the consistency of the thick gold hits from the first five holes at its project is reinforcing its confidence in the potential scale of its deposit.

Novo Resources has regained full control of its Egina gold project in WA's Pilbara after Northern Star Resources walked away from an earn-in and joint venture agreement. The ground, a stone's throw from Northern Star's 13.6-million-ounce Hemi deposit, returns to Novo along with a valuable package of exploration data gathered by the gold major. Novo plans to reassess the project and resume exploration later this year.

Terrain Minerals has expanded an ongoing IP geophysical survey at its Smokebush project in WA's Mid West, adding four lines across the Paradise City, Hurley and T17 prospects where historic drilling and rock chip sampling have returned gold hits. The company is using the same strategy that led to its Lightning discovery to identify fresh gold targets, ahead of a July maiden resource for Lightning.

Aguia Resources has secured the final approval needed to commercialise phosphate sales for its Pampafos product in southern Brazil. Mining, haulage and plant commissioning are already rolling, stockpiles are building and a discounted pre-order campaign is primed to pull cash flow forward into July. The milestone marks the transition of its Tres Estradas project from development to a revenue-generating phosphate operation.

NeuroScientific Biopharmaceuticals has reported strong clinical outcomes from its StemSmart stem cell therapy, with four of five patients with fistulising Crohn's disease achieving a clinical response and all showing improvement. The results build on earlier patient data and will help guide a planned phase two trial as the company continues its push towards commercial development.

Augustus Minerals has begun follow-up drilling at its Music Well gold project near Leonora in Western Australia after maiden results from Clifton East returned broad intercepts, including 16m at 1.46 grams per tonne gold and 32m at 0.90 grams per tonne. A recent $2.5M raising will help fund the next phase as the company works to better define the strike and dip of the mineralisation.

MetalsGrove Mining has outlined an 18-kilometre network of gold-anomalous trends at its Zuénoula project in Côte d'Ivoire, expanding the project's district-scale potential and defining a second emerging drill target. A peak soil result of 1.24 grams per tonne (g/t) gold, multiple open-ended trends and extensive infill sampling have the company advancing rapidly towards auger drilling and a more comprehensive drill campaign later in the year.

Aurum Resources has won key environmental approvals for its 3.22 million-ounce Boundiali gold project in Côte d'Ivoire, marking a major regulatory step towards the granting of its three mining licence applications after a 12-month assessment process. The company says its prefeasibility study is due this quarter and its definitive feasibility study remains on track for later this year, while its 16 company-owned rigs maintain drilling momentum.

Dalaroo Metals has finalised exploration plans for its Blue Lagoon critical minerals project in southern Greenland. The upcoming mid-June campaign will be the company's most advanced field program to date, combining onshore auger drilling and mapping with offshore sediment grab sampling. The work builds on a successful maiden program that yielded high-grade zirconium oxide, hafnium, and rare earth enrichment.

Bulls N' Bears Big Hits looks at notable drill intercepts recently reported to the ASX, led by Aldoro Resources' huge 503.98m critical metals intercept in Namibia. Pantoro Gold also jagged gold up to 189.84g/t at Norseman in WA, while Mithril struck 9.65m at 7g/t gold and 370g/t silver at Copalquin in Mexico.

The Bulls N' Bears ASX Runner of the Week is… Hydrix Limited, which surged after unveiling a strategic pivot into counter-drone defence technology through a deal with NIOA Group. Newcomer KTEK Aerosystems charged on debut as investors backed its full-turnkey drone sub-assembly technology amid massive global defence spending, Anteotech surged on independent US validation of its Ultranode high-silicon anode delivering over 40 per cent higher energy density for drone batteries and Castle Minerals ran strongly after acquiring the high-grade Nielle gold project in Côte d'Ivoire's prolific Birimian belt.

Dateline Resources has appointed project management heavyweight Alvarez & Marsal as construction manager for its Colosseum gold development in California. Following solid bankable feasibility study results, the engineering firm will build a dedicated owner's team. The appointment will allow Dateline to lock in major engineering contracts as it prepares to transition into a significant US gold producer.