Public Company News

Larvotto Resources story from the $3m purchase of its Hillgrove gold and antimony project in NSW 2 years ago to the $720m takeover bid it just received from US industrial metals player UCAC is remarkable however you look at it. The question now is does the company go the whole nine yards, get into production, stretch the mine life and reap the dividends or just submit and hand execution risk over to the 800 pound gorilla.

Horizon Minerals has pumped-up both its cash flow and bank balance from the company's September quarter activities, finishing the period with an enviable $34.3 million in its coffers on September 30. The company generated gold sales of $41.895 million during the quarter, with the bulk of the revenue coming from its Boorara operations.

Great Southern Mining has secured up to $337,500 in exploration funding under the WA Government's coveted Exploration Incentive Scheme to back two high-impact drilling campaigns. The cash injection will help the company chase depth extensions to its high-grade Duketon gold system and test platinum group element horizons at the East Laverton project's Diorite Hill complex.

American West Metals has struck more sizzling copper grades at its Storm project in Canada, including 12.1m at 5.6% copper with a hit up to 27.3%. The company says the new results point to a resource upgrade at Cyclone and strengthen its PFS, positioning Storm as northern Canada's next major copper development.

BMG Resources has struck more high-grade gold at its Bullabulling project near Coolgardie, with hits including 2m at 8.5g/t gold and 1m at 15.5g/t. The company says the mineralisation at Bullabulling North mirrors that of Minerals 260's 2.3Moz Bullabulling Mine next door, hinting the gold trend could extend into BMG's ground.

Dateline Resources has zeroed in on the hottest gold prospects at its Colosseum gold project in California, after a detailed 3D geophysical study by Vox Geophysics' Dr Kate Selway ranked six breccia pipe targets by their strength and depth. The review pinpointed three standout zones west and south of the current pits, primed for drilling as Dateline moves toward feasibility.

Corazon Mining is off and running in a new direction after finalising the acquisition of significant gold tenure with high-grade intercepts near major mines in WA's Gascoyne region and a $2m placement, alongside a 1:50 share consolidation. The process has sharpened the company's focus on 292 square kilometres of Gascoyne ground which features stellar intercepts like 12m at 8.89g/t gold near Catalyst Metals' Plutonic Mine.

The Bulls N' Bears ASX Runner of the Week is… Entertainment Rewards, after it copped a fat takeover bid from its top shareholder at ten times its market value. Litchfield hit a copper-zinc monster in the Top End, Morella Corp pulled near-perfect rubidium from its WA pegmatites and TrivarX nabbed brain cancer imaging IP, backed by a biotech bigwig, showing small caps can shine amid gold's glare and global jitters.

Middle Island Resources has appointed dealmaker Daniel Raihani as its new non-executive chairman to steer the company through its next growth phase. The move comes as Middle Island prepares to seal the deal to buy Konstantin Resources and kick off a maiden drilling program targeting copper, gold, silver, zinc and lead at Konstantin's Bobija project in Serbia.

Meeka Metals has hit thick gold zones of high-grade gold at Turnberry North, on the northeastern flank of its Stage 1 Turnberry open pit design, with 22m at 3.25g/t gold including 10m at 6.03g/t gold highlighting potential to expand the resources and extend the Stage 1 pit resource and mine life. With gold priced above A$6477 per ounce, about 2.7 times Meeka's pit optimisation price, revised pit designs promise fatter margins and underground upside that will boost the economics of the 1.2M ounce Murchison Gold Project.

In a sign that US critical minerals have reached fever pitch, American West Metals' share price exploded just minutes after announcing a $7m capital raise to fund work on its massive indium resource at the company's West Desert project in Utah. The company's share price ran from 4.9c at last close to touch 9.8c at one stage.

Pilot Energy has inked a deal with United Arab Emirates-based Kala Data to launch modular data centres at its Arrowsmith production facility in Western Australia's Perth Basin. With Cliff Head's oil production winding down, 90 per cent of Arrowsmith's 4.4-megawatt gas-fired power capacity sits idle and is ripe for repurposing into a initial 1MW modular data centre at the project.