Public Company News

King River Resources has struck a high-grade chord in WA's Murchison, locking in an option over the historic Mindoolah goldfield where abundant gold occurrences remain untested.

Horizon Minerals has thrown the switch on a serious gold growth plan after scoping studies confirmed its Black Swan processing hub near Kalgoorlie could churn out more than 100,000 ounces a year. With strong economics, a short payback period and fresh funding locked in, the company is lining up to transform legacy infrastructure into a new WA gold powerhouse.

St George Mining has snapped up prime industrial land next to its Araxá project in Brazil, clearing a major hurdle on the path to fast-tracked niobium and rare earths production in a red-hot critical minerals market. The land parcel, which is less than 2 kilometres from the mining tenure, is zoned for mining and industrial use.

American West Metals is gearing up for up to 5,000m of diamond drilling at its West Desert critical minerals project in Utah, aimed at growing the existing resource. The company says it will target near-mine “Goldilocks” indium-rich skarns outside the current model and drill test a potentially fault-controlled area for gallium targets along the Juab Fault before testing large magnetic and gravity anomalies that resemble the known deposit.

Aurum Resources has delivered another strong round of diamond drilling results from its ongoing 100,000-metre program at the company's 2.41-million-ounce Boundiali gold project in Côte d'Ivoire, West Africa. The latest assays from 30 holes for 7208m of drilling have wrapped up the final data batch for the company's Boundiali mineral resource estimate (MRE) update, which is due later this month.

Patriot Resources has uncorked a mighty maiden mineral resource of 31.39 million ounces of silver-equivalent from its polymetallic Tassa silver-gold project in Southern Peru. The company's inferred maiden resource estimate clocked in at 18.53 million tonnes at 52.68 grams per tonne (g/t) for the 31.39 million-ounce silver-equivalent booty, with the silver-only component comprising an impressive 25.5 million-ounces at 42.73g/t.

Great Southern Mining has extended gold mineralisation to 3.5km at its Golden Boulder discovery in WA's Duketon belt. Shallow RC drilling returned multiple high-grade hits, including 6m at 6.7 g/t and 2m at 5.0 g/t Au. EIS co-funded diamond drilling will test depth potential as the company works toward a maiden JORC resource.

Kalgoorlie Gold Mining has chalked up encouraging results from maiden diamond drilling of its Kirgella Gift and Providence deposits at the company's Pinjin gold project, 140 kilometres northeast of Kalgoorlie in Western Australia's prospective Laverton Tectonic Zone. While good gold was intercepted in all holes, the real kicker is confirmation that the Pinjin system doesn't end shallow, with primary orogenic mineralisation extending well beyond previous drill limits.

Patriot Resources has masterminded a globally scaled copper-silver portfolio to ride the explosive wave of demand being driven by AI and data centres. The company has stitched together a set of perfectly timed high-grade assets in Africa and South America, as copper prices shatter records and silver surges on its dual role in the electronics industry and as a precious metals.

The Bulls N' Bears ASX Runner of the Week is… Great Dirt Resources, after a fresh $1.446 million placement to industry insiders woke up its manganese projects in northern New South Wales. EMC Gold Corp surged on permitting hopes for its monster Salave gold project in Spain, MetalsGrove ran on no news, just early boots-on-ground work at its Côte d'Ivoire gold project, European Resources ran on diamond drilling from its Korsnäs rare earths project in Finland delivering hits like 27m at 3767ppm total rare earth oxides.

Horizon Minerals has delivered a timely boost to its gold credentials, lifting its total mineral gold inventory by 6.5 per cent to a chunky 1.88 million ounces. A buoyant gold price has allowed the company to redraw its economic lines, capturing a swathe of lower-grade ounces and strengthening the development runway for its Kalgoorlie-centred Black Swan gold processing hub.

Brazil has rolled out the welcome mat for St George Mining's Araxá project, locking in sweeping tax exemptions that could materially lower development costs for what is shaping up as a globally significant niobium and rare earths play. With state government backing, pilot plant plans in train and a world-class resource already defined, Araxá looks set to emerge as a cornerstone asset in Brazil's critical minerals ambitions.