Public Company News

Thunderbird Resources has landed a major boardroom coup, with seasoned geologist and dealmaker Michael Haynes stepping in as executive chairman. Haynes, who recently led New World Resources to a $245 million buyout, brings serious M&A credentials and exploration nous to the table. With full control now in his hands, the market will be watching closely for the next phase of Thunderbird's evolution.

Terrain Minerals has fired the starter's gun on an induced polarisation geophysical survey at its Wildflower gold prospect in WA's Yalgoo-Singleton Belt, aiming to sniff out deeper sulphide-hosted gold beneath a string of shallow oxide hits. The program comes hot on the heels of a recent 11m hit grading 6.03g/t gold and 43.5g/t silver strike just down the road at the company's Lightning and Monza prospects.

Beetaloo Energy has observed significant gas flowing while running clean up at its Carpentaria-5H well in preparation for an upcoming IP30 flow test, after recently undertaking successful stimulation of the well. The company is nearing the pointy end of identifying just how productive its Carpentaria-5H horizontal well may be, as it zeroes in on the Northern Territory's extensive Beetaloo Basin to prove up a massive gas resource.

Graham Gadsby, former Spartan Resources chief geologist behind its Never Never and Pepper discoveries, has been named King River's new MD to lead high-grade gold exploration at Tennant Creek and Mt Remarkable. The former Spartan Resources geologist brings a wealth of experience to the new role.

Bulls N' Bears ASX Runner of the Week is… 4DMedical Limited, after the lung imaging tech dynamo secured sweeping FDA and US Medicaid approvals. ABx's ionic clay coup, SenSen's AI urban edge and Middle Island's takeover-tinted Serbian play showed juniors can steal the spotlight in a market spooked by US indicators. With gold blazing, biotechs bleeding and China's military flexing, these Runners are riding a choppy terrain to small caps stardom.

Novo Resources has launched RC drilling at its Sherlock Crossing gold project in the Pilbara to test high-grade gold-antimony veins, alongside preparations to drill Wyloo's prior strong polymetallic results. Fieldwork and drill planning to test high-grade gold at Tibooburra and John Bull in NSW have also advanced. With JV partner Northern Star kicking off air core drilling at Egina, Novo's diversified portfolio is aiming for significant discoveries in Australia's premier mining regions.

Ora Banda Mining has intercepted even more bonanza grade gold at its Waihi deposit in the company's Davyhurst project in Western Australia's Goldfields, intercepting up to 159 grams per tonne of gold at depth. Hard on the heels of recent high-grade discoveries reported from its 7.5-kilometre-long Round Dam trend, early results are pointing at Waihi's potential to become the company's third underground gold mine.

Estrella Resources has turbocharged its maiden campaign in Timor-Leste, revealing a string of thick, high-grade manganese hits of up to 53% from its Ira Miri prospect. The assays mark a breakthrough for the company's maiden drill program at Ira Miri, confirming widespread near-surface mineralisation and reshaping its exploration strategy as it locks onto primary and secondary manganese beds within the region's little-known Noni Formation.

ASX-listed Larvotto Resources has unearthed a string of eye-catching gold-antimony intercepts at its Hillgrove project in New South Wales. Drilling at both of its Eleanora and Golden Gate prospects continue to reveal thick, high-grade hits, with assays confirming the scale and continuity across multiple lodes. Larvotto is drilling new holes at its Metz and Freehold targets and moving fast to extend its critical minerals inventory.

Augustus Minerals is zeroing in on outcropping veins with visible gold across its Music Well ground north of Leonora, where rock chips have run to a sky-high 122.8g/t. Heritage surveys are underway ahead of the first imminent RC drill holes. A looming PNG asset could add further significant upside for the company. Augustus is second in line for the highly prospective Mt Kare project, which it is pursuing through an application phase, with drill planning underway.

St George Mining's Araxá project in Brazil has delivered up to 13.98 per cent total rare earths oxide and 7 per cent niobium in early reverse circulation drilling. The company aims to expand the 40.6Mt resource with more than 9000m of drilling still to be completed. Araxá has Brazilian government support and is set to bolster global critical mineral supply for clean energy.

Siren Gold has raised $4 million to accelerate drilling at its flagship Sams Creek project in New Zealand, with funds also directed towards high-grade antimony-gold exploration at its Langdons and Queen Charlotte projects. With gold and antimony prices surging and a pending mining permit decision, Siren is positioning itself at the centre of New Zealand's resurging resources sector.