Public Company News

Moonlight Resources is preparing to step onto the ASX with a $10 million float designed to fast-track a maiden resource at its Clermont gold project in Queensland while exploring a vast rare earths and uranium frontier in the Northern Territory. With strong technical leadership, inherited datasets and drill-ready targets, the company is positioning itself to ride the gold and critical minerals wave.

Red Metal Ltd says it has made a major breakthrough in metallurgical testing of its rare earths ore from the company's Sybella project in Queensland that will result in less impurities and higher grades. The company has managed to replace the standard two-stage impurity removal process with a simple Ion exchange process that will lower costs and increase purities.

ASX listed Neometals has welcomed the backing of the Government of Finland which will contribute a €48.7M (A$86.8M) grant towards the building of a vanadium recycling plant in the Finish port of Pori. The plant will recycle vanadium industrial waste streams using technology developed by Neometals which owns 86% of the €400M project and a 2.5% royalty over it.

Terrain Minerals is getting set to launch a 4500m reverse circulation drilling program at its 100%-owned Lightning gold-silver prospect in WA's Murchison, targeting a maiden JORC resource by mid-2026. The 21-hole campaign aims to extend known high-grade zones, test new magnetic targets and will probe a potential repeat discovery at Lightning, with first assays due mid-February.

American West Metals has geochemically mapped a monster 4km-long copper anomaly at its Storm project on Somerset Island in Canada, confirming another parallel structural corridor to its known high-grade deposits. The new Chevron prospect, along with fresh sulphide hits at Squall, Tornado and Cyclone, is rapidly defining a district-scale opportunity across the Midway–Storm–Tornado corridor in Nunavut's Arctic copper fields.

Larvotto Resources has come out swinging at its Hillgrove project in NSW, with first pass diamond drilling at the Freehold prospect delivering broad, high-grade antimony-gold zones alongside a surprise tungsten hit. The early numbers confirm continuity along multiple lodes and hint at the rise of a new underground mining hub just 1.2km from the company's existing processing plant.

Augustus Minerals has expanded its push into PNG, home to multiple elephant sized mineral deposits, with an EL application covering 1906 sq km in the prospective Vanapa River region, 35km north of Port Moresby. The move follows a recent site visit by management, where local artisanal miners were extracting decent amounts of alluvial gold within the application area, part of the 2300km long New Guinea Metallogenic Belt.

The Bulls N' Bears ASX Runner of the Week is… antimicrobial waste warrior Zoono Group, which peaked 280 per cent higher after inking a deal with Africa's biggest packaging giant for its shelf-life extender. ReNerve announced its regenerative nerve-cuff had been green-lit across the US DoD's military hospitals and veteran wards driving its stock price skywards while Stealth Group shares also shone after the company bolted on a $22m hardware buying empire to create a Bunnings-busting wholesale beast. And copper-gold explorer Havilah Resources locked in a $240m deal with Sandfire to fast-track its Kalkaroo monster into production.

Perth-based Horizon Minerals has struck a binding heads of agreement to sell its 100 per cent-owned non-core Lake Johnston nickel project in Western Australia to emerging explorer Forrestania Resources for a total consideration of $35 million which includes a $30m cash component. The deal, expected to settle by the end of January, remains subject to Forrestania securing the funding via a capital raise, also includes Horizon receiving $5m in Forrestania shares.

Reach Resources has kicked off a 5000-metre reverse circulation drill program at its Murchison South gold project near Paynes Find in Western Australia. The work is centred around the company's flagship Blue Heaven deposit, where it already holds a handy resource of 681,000 tonnes at 2.8 grams per tonne gold for 61,300 ounces of relatively shallow gold.

Middle Island Resources has struck a multi-metal jackpot with a rich mix of gold, silver, copper, lead and zinc at its historic Bobija mine in Serbia. Channel sampling from the pit floor delivered standout hits including 8.25g/t gold and 499g/t silver across four channels. The results mark the company's first major exploration success in the Western Tethyan belt and set up a strong platform for drilling.

Corazon Mining has lodged a strategic tenement application to expand its Two Pools gold project in WA's Gascoyne region, targeting a hidden northeast extension of its high-grade Two Pools gold mineralisation. The project features historical high-grade gold intercepts, with one hole delivering 12m at 8.89g/t gold from 79m including 3m at 34.25g/t gold from 80m.