Public Company News

Chariot Resources has confirmed the presence of valuable spodumene in all six previously disclosed high-grade samples from its Fonlo and Iganna lithium projects in Nigeria. Independent testwork identified easily processable spodumene, accounting for up to 75.3 per cent of the overall weight. The results provide a crucial technical input for planned metallurgical work and potential future mining scenarios.

Novo Resources is gearing up to drill its Wyloo antimony project in WA's Pilbara later this month, after finalising the A$6.2-million phase one tranche of an A$8.2M March placement, with A$2M still to come in tranche two. Drilling will kick off with 2500m of reverse-circulation holes at Wyloo, before moving to maiden drilling at Cronus, follow-up aircore drilling at Balla Balla and then its Teichman project, targeted for September.

Meeka Metals has shrugged off soggy conditions at its Murchison gold project, lifting mill throughput by a notable 37 per cent to 123,000 tonnes for the March quarter. While the weather impacted gold production, the company still grew its cash position to $50.1 million and says it will now feed the plant with higher-grade ore during the current June quarter.

Terrain Minerals is drilling its Smokebush gold project in Western Australia, chasing a maiden resource at Lightning after a run of strong gold and silver hits and follow-up work at Wildflower. The company is also advancing gallium and rare earths at its Larin's Lane prospect and drilling for rare earths at Lort River near Esperance, setting up a busy run of assays and updates.

Peninsula Energy has converted about US$4.1M of its convertible loan into roughly 19.8M shares at A$0.30, reducing its Davidson Kempner facility to about US$4.2M. The move marks the second reduction of the US$15M facility secured in July 2025 and aligns with its A$0.30 equity raise, strengthening the company's balance sheet as it advances uranium production at Lance.

St George Mining's Araxá drilling in Brazil has delivered its thickest intercept yet, headlined by 178.7 metres at 4.34 per cent total rare earth oxides and 0.75 per cent niobium pentoxide from surface. More long, high-grade hits continue to stack up, supporting a scoping study for a potential niobium operation and adding serious momentum to resource growth.

A surprise Easter gift has landed for Red Metal Limited shareholders after the company proposed an in-specie distribution of the majority of its 35.2 per cent stake in Maronan Metals. Eligible holders will receive one Maronan share for every 5.25 Red Metal shares held on May 14. The move creates a win-win, allowing Red Metal to focus on its massive Sybella rare earths discovery in northwest Queensland.

The Bulls N' Bears ASX Runner of the Week is… Cassius Mining, which more than doubled on its explosive $1.32B damages claim against the Ghanaian government in a David vs Goliath mining dispute. Cauldron Energy ran on a mystery share buyer – or two - of its uranium projects, as nuclear returns to prominence, Janus Electric's battery-powered trucks charged amid the fuel crisis and Omega Oil and Gas surged on hopes it can one day bolster Australia's domestic fuel supply.

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.