Public Company News

Titanium Sands has secured Stage 2 funding for its Mannar Island mineral sands project in northwest Sri Lanka. A recent meeting with the Finance Ministry supports the Industrial Mining Licence process and environmental studies are near completion. The funding will finalise studies and push the project forwards towards heavy mineral sands production.

Middle Island Resources has launched a maiden, 800m reverse circulation drilling program at its Serbian Bobija polymetallic project, targeting gold-silver-copper-lead-zinc mineralisation below the historic Bobija open pit from which channel sample results are pending. With Bobija rock chip results assaying up to 5.24g/t gold, 120g/t silver, 4.66% zinc and 4.36% lead, the company sees a possible analogue with the 20Mt polymetallic DPM Metals' Vares project in adjacent Bosnia-Herzegovina.

Aguia Resources' Board has given the nod to bank finance of A$1.7M to boost its push for the company's Brazilian Tres Estradas phosphate development mine to open next year after the refurbishment of its processing plant. A credit line facility of approximately A$2.038 million has been agreed upon by the two parties to kick-off the plant upgrade works.

Peninsula Energy has turned the corner at its flagship Lance uranium project in Wyoming, completing a $69.9 million equity raise and firing up production of its first yellowcake. The milestone, which saw some big names enter its register caps a full operational and financial reset, positioning the company as a key supplier into a resurgent US nuclear industry.

Chariot Corporation may have struck the lithium jackpot, with site visits confirming sprawling, drill-ready lithium-caesium-tantalum (LCT) pegmatites at its Fonlo and Iganna projects in southwest Nigeria. The two projects are part of a four-project portfolio in the Oyo and Kwara States, which the company recently pounced on after scooping up a 66.667 per cent stake in C&C Minerals Ltd.

Toro Energy is set to be acquired by Canadian uranium firm IsoEnergy, which plans to add to its portfolio of high-grade North American projects with the addition of Toro's flagship Wiluna uranium project. The market liked the deal too, sending Toro's shares to a 52-week high of 48 cents, up from yesterday's 32.5c close on the highest daily volume in 12 months of 7.3 million shares.

Kalgoorlie Gold Mining has turned the rigs back on at its Pinjin project, launching a fresh diamond drilling campaign across its Kirgella Gift and Providence deposits in Western Australia's Laverton Tectonic Zone. Backed by $130,000 of WA State government co-funding, the four-hole, 1070m program is targeting structural sweet spots where converging gold plunges could drive resource growth.

Dateline Resources' impending BFS will likely get a big financial shot in the arm when compared to its October 2024 scoping study that assumed a gold price US$1300 per ounce less than today's spot price. The bankable feasibility study for the company's Colosseum gold-rare earths project in California is in full swing and remains on schedule with mining quotes, testwork and long-lead procurement items all tracking to plan.

St George Mining has raised a staggering $72.5 million at 10 cents a share with $50m flowing from big institutions and $22.5m coming in from billionaire Gina Rinehart's Hancock Prospecting. The funds will fast track the company's Araxá rare earths–niobium project in Brazil that is shaping up to be one of the most significant rare earths discoveries on the planet.

Terrain Minerals has reported high-grade gold assays alongside silver hits from its Lightning Prospect at the Smokebush Project in WA's Murchison, reinforcing a strong gold-silver correlation. One significant intercept of 22m yielded 2.87g/t gold from 105m, including 21m at 15.79g/t silver from 105m, 1m at 70.59g/t silver from 108m and 1m at 60g/t silver from 124m. Follow-up drilling is proposed to further develop the dual-commodity potential.

Bulls N' Bears ASX Runner of the Week is… Infini Resources after it nailed eye-popping uranium visuals and XRF hits from its Canadian drill blitz at Portland Creek. Xstate Resources struck a gas column jackpot deep in Queensland's Surat-Bowen Basin, Pure Foods Tasmania's gourmet pâté stormed Coles' national shelves with a tenfold order boom and Battery Age Minerals got the green light to drill its high-grade gold-silver beast in Argentina, proving small caps can thrive on metals mania and geopolitical fireworks.

ASX-listed Triangle Energy has banked a trifecta in the Philippines, bagging two offshore and one onshore petroleum exploration licences, which the company says have handed it a commanding position in some of the region's most prospective, underexplored terrain. With contingent resources in the hundreds of billions of cubic feet and gas-hungry markets on tap, Triangle is now sitting on what could be Southeast Asia's next major gas story.