Public Company News

Norfolk Metals has laid the groundwork for a busy new year drilling blitz at its Carmen copper project in Chile, with environmental permitting and studies progressing ahead of a news-packed Christmas period. The company says a five-year permit will clear the path for a broader drilling assault across its 46.6 square kilometre concession package, including follow-up work from a high-impact diamond drilling program currently underway.

Lindian Resources has locked in delivery of its Kangankunde rare earths project in Malawi by awarding the design and construction contract for the stage-one processing plant to Obsideo. The move has significantly de-risked execution, with recent plant optimisation likely to lift throughput, while keeping capex broadly in line, as the company targets first production in late 2026.

Great Southern Mining is onto what is starting to look like a major new gold discovery at its Amy Clarke prospect in WA's Duketon gold belt that now stretches across 4.7kms. A new round of aircore drilling has nailed the widest gold intersection yet just 8kms from Regis Resources' Garden Well mill, with a 17-metre hit grading 1.4 grams per tonne from just 20 metres.

Dateline Resources has struck thick, high-grade gold beneath the North and South pits at the company's Colosseum project in California, improving continuity and delivering grades above the current resource. The latest drilling supports an early mine plan and strengthens the project's economics as the company sharpens its gold feasibility study at record prices.

The Bulls N' Bears ASX Runners of the Week are… Bass Oil, which soared on a freshly inked three-year gas deal with Origin Energy in a Cooper Basin comeback, Marmota, which confirmed its “spectacular gold discovery” at Greenewood in the Gawler craton, Alvo Minerals, which extended its Touro massive sulphide streak in Brazil as copper hits all-time highs and Alchemy Resources, which hit premium 65 per cent iron hematite on its granted mining lease in the Bryah Basin.

Estrella Resources has delivered another set of exceptional assay results assaying up to 58 per cent manganese from its Ira Miri prospect in Timor-Leste, confirming the project as an emerging high-grade sedimentary manganese system. The company's drilling has returned multiple intervals above 50 per cent manganese with low impurities, including standout manganese results of 58.02 per cent in one hole and 55.1 per cent in a second.

Moonlight Resources has stayed true to its name, working after hours to set the rods spinning at its Queensland Clermont gold project just as the company made its debut on the ASX. Armed with $10 million from a heavily subscribed IPO, the explorer is primed to accelerate exploration across a cluster of advanced structural gold targets spread along a strongly mineralised 4km trend.

Neometals Limited and Kalgoorlie-based mining group BML Ventures have joined forces, with the two firms inking a letter of intent to negotiate a joint venture to develop Neometals' Ironclad gold deposit in WA, owned by subsidiary firm Avanti Exploration. BML will fund and manage all mining and haulage operations upfront, arrange toll-milling and split the profits 50:50 after the recovery of all costs.

Norfolk Metals has taken stock of initial assays from its maiden drilling program at the Carmen project in Chile's copper-rich Huasco Province, delivering 53m at 1.1% copper from only 62m downhole. Carmen sits tantalisingly close to mining giant Newmont's multi-billion-dollar joint venture development of the Relincho and Fortuna deposits, which host 16.6 billion pounds of copper.

Lindian Resources has shifted its Kangankunde rare earths project into high gear after awarding every major non-process infrastructure contract, clearing the decks ahead of full-scale mine construction in Malawi. With work already underway across multiple packages, contractors mobilised and the mining fleet rolling in, the company says the milestone materially boosts execution confidence ahead of first production in 2026.

Beetaloo Energy has cleared the last hurdle to development at its Carpentaria pilot project in the Northern Territory, taking a final investment decision on its mammoth Beetaloo Sub-basin. The move caps off a string of regulatory wins for the company, which is on a fast track to deliver gas into a hungry NT gas market facing acute supply shortages.

Aurum Resources has delivered another set of strong gold intercepts from its ongoing drilling at the Napié gold project in Côte d'Ivoire. The results continue to confirm wide, high-grade mineralisation that remains open along strike and at depth. With drilling ramping up and major resource updates planned, Aurum is building momentum in a strengthening gold market.