Public Company News

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.

Lindian Resources has taken complete control of its Kangankunde rare earths project in Malawi by making an early payment of the final US$10 million tranche to acquire the remaining 33 per cent of the project from Malawian vendor, Rift Valley Resource Developments Limited. The transaction now takes the company to 100% ownership of the project, well ahead of the original July 2026 final payment deadline.

Horizon Minerals has inked a land use agreement with the Marlinyu Ghoorlie Native Title Claimant group across almost all of the company's 240 tenements in Western Australia's Eastern Goldfields. The voluntary agreement provides a flexible solution to manage how land and resources can be used by setting out the rights and interests of both parties.

Rio2 Limited is acquiring the Condestable copper-producing mine in Peru for a total of US$217 million (A$327M), instantly transforming the company from a single-asset Chilean gold developer into a diversified Latin American precious-and-base-metals producer with immediate cash flow. Under the deal signed with private owner Southern Peaks Mining, Rio2 will pay an initial sum of US$180 million (A$271M) on closing, with a further US$37 million (A$56M) in deferred payments between 2027 and 2030.

Pilot Energy is in the final stages of a farm-out process for its wholly-owned WA-481-P gas exploration permit, with offers from short-listed parties due to close before the end of the month. The company's 8605 square kilometre offshore tenure extends between Cervantes and Geraldton and is the biggest Commonwealth offshore exploration license in Australia, embracing 130 graticular blocks in shallow water along Western Australia's Mid West coast.

Beetaloo Energy has landed the final watershed approval in the Northern Territory, clearing the decks to sell appraisal gas from its Carpentaria 5-H well and kick off pilot production. In a first-of-its-kind decision on Aboriginal Freehold land, gas will soon flow directly into the local market, sharpening the company's pathway to early revenues and commercial sales.

St George Mining has delivered its thickest-ever high-grade rare earths and niobium diamond drill hit in the short but spectacular history of the company's 100%-owned Araxá project in Brazil, boring through a staggering 115.65m from surface. Latest assays confirm the carbonatite host system is not only enormous but continues to grow in scale, continuity and quality, with the new results set to drive a substantial resource upgrade in 2026.

Lindian Resources has kicked off a drilling campaign at its North Knoll prospect. The target, which returned rock chips assaying of up to 7.15 per cent total rare earths (TREOs), is one of several high-grade carbonatite-rich lenses previously identified near the company's world-class Kangankunde rare earths project in Malawi.

The Bulls N' Bears ASX Runner of the Week is… Phoslock Environmental Technologies, which resurrected this week, flicking the switch on its Chinese factory after four years in the dark. Freshly minted Black Horse Mining galloped out of the IPO gates in a revival at the heart of Victoria's 80-million-ounce goldfields, DGR Global reminded everyone of its 6.8% stake in SolGold and its copper-gold monster in Ecuador, which copped a bid and African Gold got proposed to by its Canadian sugar-daddy Montage in a $264 million all-scrip merger in Côte d'Ivoire.

Meeka Metals has delivered more high-grade gold hits from the prolifically mineralised Fairway Shear Zone, which forms part of the company's Murchison gold project in Western Australia. Rosapenna is a new drill target within the shear, with a best hit of 23m grading 1.05g/t gold, including 4m running at 4.67g/t gold. The mineralisation remains open in three directions and highlights the potential for a new discovery.

Larvotto Resources has bought and taken delivery of Canadian-based Elemission's game-changing ECORE automated core scanning system. The new technology will make the company's NSW Hillgrove antimony-gold project the only operating mine site in Australia equipped with on-site laser ablation and atomic emission spectroscopy capability. The ECORE system delivers near real-time, high-resolution multi-element geochemistry and quantitative mineralogy.

Chariot Corporation has reported high-grade lithium oxide of up to 5.96% in first-pass rock chip sampling at its Fonlo and Iganna projects in southwest Nigeria, confirming the existence of fertile lithium-caesium-tantalum pegmatite systems and highlighting the country's growing appeal to Australian explorers. The company says the assays from six rock-chip samples, ranging between 2.66 per cent and 5.96 per cent lithium oxide, have showcased the potential for high-grade lithium-bearing pegmatites at both projects.