Public Company News

Thunderbird Resources has uncovered a string of high-priority gold targets at its Kookabookra project in NSW, with geophysics revealing sulphide-rich anomalies that correlate with past mineralisation. The company's drill rig is now poised to hit the ground in the fourth quarter, with strong geological cues pointing to untapped gold systems similar to the nearby Hillgrove antimony-gold deposit.

American West Metals has hit thick, high-grade copper at its Storm copper project in Nunavut, Canada, with a reverse circulation drilling program confirming near-surface mineralised zones and deep diamond drilling hitting 57m of visible copper sulphides at its Cirrus target. The results point to an extensive copper system, which might support resource upgrades and expansion at the company's Corona, Thunder, Lightning Ridge, and The Gap prospects.

BMG Resources is raising $600,000 through a placement of new shares to sophisticated and institutional investors to advance its Abercromby project scoping study and to drill its Bullabulling project in the WA goldfields. With a 518,000-ounce gold resource at Abercromby and high-grade hits at Bullabulling, BMG is poised to capitalise on its WA gold projects, leveraging their proximity to major mines and infrastructure for rapid development.

Lindian Resources has forged a multi-pronged major offtake agreement, cornerstone funding and strategic partnership with global critical minerals heavyweight Iluka Resources to push its world-class Kangankunde project in Malawi towards first production. The seismic deal for the company cements Kangankunde as one of the pre-eminent rare earths developments on the planet, as Iluka scrambles to lock in a strategic rare earths supply for Australia.

Horizon Minerals has expanded its footprint in Western Australia's famed Goldfields with a strategic $2.81 million acquisition of Yandal Resources' Gordons Dam and nearby projects. The new ground sits just a stone's throw from Horizon's Black Swan processing hub and includes a 20,000-ounce gold resource, exploration upside galore and the potential to turbocharge a planned five-year mining operation.

Neometals Ltd's drilling at its Barrambie gold project, 80km northwest of Sandstone in WA, has nailed high-grade gold, with top intercepts of 6.2m at 9.87g/t gold at its Ironclad deposit and 10.2m at 2.72g/t gold at its Mystery prospect. Other gold hits at Ironclad include 14.15m at 3.21g/t and 22.1m at 1.75g/t gold. Further drilling will target resource growth along the 4km Barrambie trend, aimed at mining in 2026.

Aurum Resources has delivered a total 2.41 million ounces of gold in a resource update for its West African Boundiali gold project - a stunning 50% hike on its previous resource estimate. When combined with a 0.87-million-ounce interim resource at its separate Napié project, Aurum's combined resource endowment across its tenement group now totals 3.28 million ounces of the yellow metal.

Latitude 66 has fired up a fresh exploration charge at its newly granted Piastri project in WA's Yalgoo-Singleton greenstone belt. The project, just 200m from the 2-million-ounce Ricciardo gold-antimony deposit being acquired by Capricorn Metals, could hardly be better placed. With funding due from the sale of its Queensland copper project, Latitude 66 is gearing up to chase high-grade gold targets in one of WA's most fertile mineral corridors.

Javelin Minerals has tweaked its mining plan to boost the expected gold recovery at the company's Eureka project to 39,000 ounces, following a 27 per cent jump in the resource's higher confidence indicated category. The lift to indicated resources was accompanied by a 32 per cent bump-up in grade to 1.98 grams per tonne gold, providing a significant uplift in the expected cash flow from mining the project.

Aguia Resources is charging into the new financial year with its dual-commodity strategy, after delivering its first gold sales from its flagship Santa Barbara project in Colombia. The company says it is laying the groundwork for next up phosphate production in Brazil's agricultural heartland, as it reported a promising start to its gold bullion journey.

Rio2 Limited's Fenix Gold Project in Chile's Atacama region is 41 per cent complete, with $56.4 million spent against a $57.8 million budget. A US$50 million third prepayment from Wheaton Precious Metals continues to support construction and development. Hosting 4.8 million ounces of gold, the project aims to pour first gold in January 2026, creating jobs and boosting the region's economy.

Bulls N' Bears ASX Runner of the Week is… Oliver's Real Food, after the healthy fast food company unveiled a bounce-back profitable quarterly from last period's losses. Black Dragon Gold progressed its monster Spanish gold project closer to development, BSA Limited unveiled a profitable period despite losing its NBN contract earlier this year and Beforepay is on a tear, reporting increased profits from its pay-on-demand lending app.