Public Company News

Chariot Corporation has executed a binding agreement with Continental Lithium to establish small-scale lithium mining operations across its four Nigerian lithium projects. The three-phase plan will transform selected artisanal workings into formal lithium production operations, targeting early cash flows through toll or onsite processing and existing Chinese buyer interest. Continental will operate on-ground while Chariot will arrange funding and offtakes. Mining operations will run parallel with regional exploration to identify new lithium resources.

Horizon Minerals is nearing the end of open-pit mining at its Phase 1 program at Phillips Find and its Boorara gold projects near Kalgoorlie in WA's Eastern Goldfields. With strong stockpiles built and first gold already flowing from both operations this year, Horizon Minerals is well down its path of transition from developer to consistent gold producer.

The Bulls N' Bears ASX Runner of the Week is… Alvo Minerals, which ploughed the first-ever diamond hole into its Brazilian copper project only to pull out 13m of fat visual copper sulphides just 40 m from surface. 3D Energi struck a potential gas monster thanks to partner ConocoPhillips drilling offshore in Victoria. McLaren Minerals supersized its already huge ilmenite sands resource by 90 per cent and Zuleika Gold banked a handy $48 million litigation knockout from Catalyst Metals over its contested Plutonic gold ground.

Lindian Resources has kicked off construction of its Tipume accommodation village at the company's world-class Kangankunde rare earths project in Malawi, representing an important development milestone. Kangankunde is a world class rare earths project that boasts 1000m mineralised drill intersections going well over 2 per cent total rare earths oxides. Australian critical minerals processor Iluka has already put its hand up for the offtake.

Meeka Metals has struck shallow high-grade gold south of the Andy Well underground mine in WA's Murchison district with a best hit of 4m at 27.82g/t gold, including 2m at 54.43g/t, extending the mine's Wilber Lode 450m further south. The latest intercepts lie directly along strike from the current southern ore development drives on the Wilber Lode, where on-reef development faces are reportedly running well ahead of the average reserves grade.

Soil sampling by Augustus Minerals has defined soil gold anomalism near Leonora in WA over a 1.2km x 0.6km footprint, with peak values ranging up to 44.1ppb. The high-grade core of the anomalism appears to be surrounded by a halo of lower but still significant soil values in the range of 2.7-9.3ppb gold, possibly associated with a lithological boundary.

Middle Island Resources has outlined an extensive lead-zinc target in Serbia after its first soil-sampling program at the historic Tisovik lead mine returned a widespread anomalism. The company says the mineralisation remain open to the north where sampling lines near the projected strike of the “Tisovik limestone” - the same geological unit that historically produced exceptional lead grades during multiple mining phases dating back to the 1930's.

Larvotto Resources has unveiled a prospective and potentially lucrative third revenue stream at its Hillgrove gold-antimony project in NSW, with metallurgy delivering 90 per cent tungsten recovery adding another highly strategic resource to its inventory. The news follows recent assays from its Freehold prospect that delivered broad, high-grade antimony-gold zones alongside surprise tungsten grades, the company has begun painting the picture of a new tungsten system with some serious economics legs.

Aurum Resources has delivered more bonanza-grade gold hits, including a stunning 3.1 metres at 70.78 g/t gold from its drilling program at the company's 2.41 million ounce Boundiali project in West Africa. The intercept is part of a broader 5.10m intercept at 43.13g/t gold from just 112.9m that lies outside Aurum's current gold resource estimate for its 16.2 million tonne BMT3 deposit.

Dateline Resources has delivered a set of thumping gold hits at its Colosseum project in California with broad, consistent mineralisation uncovered beneath and within the current pit shell. The results support a major upgrade to the company's resource base, reinforcing confidence in the geology and giving fresh momentum to its bankable feasibility study as it moves the historic mine closer to a modern restart.

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.