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The site will be located at Sportsmed Biologic in Melbourne, and directed by specialist sports physician Dr Phillip Bloom, who has more than two decades of clinical experience in osteoarthritis management.

This will be the first of 11 Australian sites earmarked for participation in the PARA_OA_012 study. Paradigm has also received informed consent from its first Australian patient, who will take part in the trial.

Alongside the Oz component, there will also be 48 sites in the States that are currently in advanced preparations for activation under the centralised ethics approval.

Managing director Paul Rennie said these were significant milestones for the Paradigm.

“The activation of our first site in Australia and the consenting of our first patients in Australia, with the US soon to follow, mark a significant operational achievement for the company,” Mr Rennie said.

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He continued: “I am particularly pleased to see the high level of engagement from leading clinical investigators and trial sites.

“I am also pleased that the company is progressing in line with our intended schedule.”

PAR has been trading at 30.5 cents.

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The latter will ensure Carey receives gradational royalty on iron ore sold FOB (freight on board) from the Bryah, starting at 80 cents (royalty) when the iron ore price is less than $100 per tonne, $1 when it is priced between $100 and $125, and $1.22 when iron ore is priced at more than $125 per tonne.

Expectations for Bryah have been strong following recent explorations, which have confirmed Valley Bore as being a key target for iron ore mineralisation, indicated by the outcrops of high-grade hematite and banded iron which extend over two kilometres in strike, with widths of 10 to 80 metres.

In 2024, rock-chip assays picked up grades of 64.9% Fe from the Southern Ridge target, while recent assays up to 65.9% Fe were reported from new zones found 3km to the south-west along strike.

CEO James Wilson said all indications for the project seemed promising. “We’re excited to announce the acquisition of the remaining interest in the JV exploration licences, bringing our ownership of the iron ore on these tenements to 100%,” he said.

“The project continues to deliver promising results, with high-grade iron ore rock-chip samples returning assays above 65% Fe – strongly supporting the Direct Shipping Ore potential on a granted mining lease at Valley Bore.”

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“The opportunity is particularly compelling given our strategic location 12km from the Great Northern Highway and surrounded by major players in the sector.”

ALY is trading at 0.5 cents.

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Production from the facility – which is located 14 kilometres southeast of Tennants Creek – is currently built around deposits owned by Tennant Mining, which is itself a subsidiary of Pan African Resources (AIM: PAF).

As yet, it has not been determined when future processing from deposits falling under the JV will occur, with this likely to impact royalty payments.

However, Emmerson stressed that if Tennant failed to produce 60,000 ounces from the JV tenures by mid-May 2026, it would be required to make Minimum Production Payments, which would equal the 6% gross production royalty on any production shortfall (i.e. 60,000 ounces less gold produced from the JV tenements).

The minimum production shortfall is expected to be between 57,500 and 60,000 ounces (depending on actual production levels achieved by mid-March and mid-May 2026), and this will result in payment of approximately $18 million, payable to ERM in staged payments between April and August 2026.

Emmerson managing director Mike Dunbur offered his congratulations to the Tennant Mining and Pan African Resources teams for reaching commercial gold production at the facility.

“To achieve commercial gold production just four and a half years after signing the exploration Joint Venture with Emmerson and securing a number of other leases in their own name in the Tennant Creek district is a fantastic achievement,” he said.

“We look forward to working with the expanded team as development of the JV ownedgold deposits is undertaken in the coming years and look forward to receipt of the 6% uncapped gross gold production royalty from the Small Mines JV deposits.”

Emmerson shares rose after the news, and at 12:25 AEST, they were trading at 13.2 cents – a rise of 1.92% since the market opened.

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The windfall, ReadCloud said today, mostly came from strong organic revenue growth.

That growth was up 13% to $9.2M, while operating costs were up only 1%.

The company – which specialises in providing eLearning software to educational institutions – said VET-in-schools (the provision of vocational programs to secondary students in schools) had accounted for 32% of revenue growth, compared to the prior comparable period, with this revenue category now set at $3.8M.

Growth was also observed in the number of institutions now using ReadCloud’s technology platform: 62 new school customers joined for the 2025 school year, for a total of 429.

“Our first half results demonstrate ReadCloud’s transformation and operating leverage,” CEO Andrew Skelton said. “The 73% increase in underlying EBITDA validates the execution of strategy by ReadCloud’s motivated team.

“In particular, VET-in-Schools delivering revenue growth of over 30%, retention of 94% and gross margins above 90% indicates strong product-market fit and our ability to successfully capture the significant opportunity.”

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ReadCloud reported an operating cash flow of $1.9m generated in 1H FY25, a strong balance sheet with $3.5m of cash and no debt as of March 31.

RCL shares have been at 14 cents after a 27.7% rise since the market opened.

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The work – comprising 3,400 metres of drilling – is designed to aid resource growth and facilitate geotechnical and metallurgical sampling at Trekelano; itself part of the larger Greater Duchess copper gold project close to Mt Isa.

Two holes returned three metres (TW~2m) at 1.8% Cu, 0.2 g/t Au (159m) and 41 metres (TW~35m) @ 2.3% Cu, 0.5 g/t Au (169m); and 29 metres (TW~25m) @ 1.2% Cu, 0.5 g/t Au (181m, including 12 metres (TW~10m) @ 2.1% Cu, 0.9g/t Au (198m).

These results show significant high-grade copper-gold mineralisation beneath the historical Inheritance open pit, and the exploration upside of this area, with the high-grade plunge of the Inheritance mineralisation being completely open at depth to the south.

Managing director Rob Watkins said this drilling would help to underpin Carnaby’s plans for development of Greater Duchess. “The Trekelano project is shaping up to be a key pillar of the Greater Duchess project, along with our high-grade discoveries at Mount Hope, Lady Fanny and Nil Desperandum,” he said.

“We believe these four deposits will form the backbone of a successful new mine development in the Mount Isa region,” Carnaby’s boss continued.

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Mr Watkins added: “Trekelano has enormous scope to add material open pittable inventory and is being incorporated into the pre-feasibility study.” That study, mind you, is already in “full-swing” too; results should come soon.

CNB has been trading at 30 cents early on Tuesday.

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The project – located 120 kilometres northeast of Southern Cross – contains an inferred mineral resource estimate (MRE) of 722,000 tonnes at 2.10 grams per tonne for 48,545 ounces of gold.

Drilling work will focus on targets within tenements E77/2383, which have been definedthrough the integration of geochemical anomaly interpretation and alteration zones delineated from high-resolution satellite imagery.

EMC executive chairman and CEO Mark Caruso said the company planned to approach the targets systematically.

“EMC’s geological team has interpreted multiple data sets to identify drill targets with the potential to uncover similar mineralisation to that already found in the Mt Dimer gold mining region,” he said.

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Mr Caruso continued: “By adopting a systematic and methodical exploration strategy, we are confident in leveraging this data to unlock additional gold mineralisation in the upcoming drilling campaign.”

EMC has been trading at 14.5 cents on Tuesday.

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Pan-concentrated grab samples were taken, yielding assays such as 35% zircon, 20% Ilmenite, 20% leucoxene, 5% Rutile; 25% zircon, 50% Ilmenite, 10% leucoxene, 5% Rutile; and 25% zircon, 55% Ilmenite, 5% leucoxene, 5% Rutile.

The project – located in SA’s Gawler Craton – is also noted as hosting terrain which could be potential “trap sites” for heavy minerals on the outcropping Peake and Denison ranges.

In the main, this includes heavy mineral sands target horizons – known to host HMS elsewhere – which are present in extensive thicknesses at Peake.

Copper Search is also looking at magnetic signatures, which have been picked up at a second tenement area – currently under application. These potentially indicate ilmenite-rich strand lines, which have provided a guide in regions such as the Murray Basin.

Managing director Duncan Chessell said it was important to consider the potential of this region outside of just copper.

“While investors familiar with the Peake Project know that our primary focus has been copper, the recent identification of heavy mineral sands (HMS) highlights the company’s rigorous assessment and commitment to identifying the best opportunities for our shareholders,” he said.

“Recent discoveries in the Eromanga Basin—such as Petratherm’s Rosewood Prospect –underscore the region’s broader potential for significant HMS deposits. Prospectivesedimentary basins often host multiple HMS systems; the Eucla, Murray, and Perth basins are clear examples.

“While HMS may not be as well-known as other commodities, these deposits contain minerals critical to global supply chains. They are refined to produce titanium, zirconium, and rare earth elements—essential inputs across traditional industries and high-tech manufacturing.”

The company has also appointed mineral sands expert Ian Warland as principal consultant, hoping to build on his success in discovering the world-class Jacinth – East Eucla HMSdeposits (also in South Australia) and bringing them through to the production stage for Iluka Resources (ASX: ILU).

CUS has been selling at 2cps through Monday trade.

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The drilling – which comprised 17,000 metres – was seeking to boost the size of KMC’s high-grade sulphide underground resource, while also building confidence in its numbers, to inform an update to the mineral resource estimate.

The latter will be the jumping off point for a feasibility study to assess the technical and commercial viability of mining the resources at RGP, which would be treated at a modified Cosmic Boy Process Plan.

Results from the drilling work included 7.8m at 17.4g/t gold (Au), 1.5% copper (Cu), 6.6g/t silver (Ag) (19.9g/t gold equivalent, or AuEq) from 218.2m in one hole, including 2.3m at 57.5g/t Au, 5.0% Cu, 20.4g/t Ag (65.7g/t AuEq) from 218.2m.

Managing director Paul Bennett said the drilling was an important element in future plans for the RGP. “These exceptional results from Gem are extremely positive and will now contribute to a resource update for the first lode scheduled for mining in the feasibility study mine plan,” he said.

“Deposit continuity, grades, and thicknesses observed consistently throughout this drill program build a great deal of confidence in the early stages of the plan.”

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Mr Bennett continued: “In addition, confirmation that both new footwall lode intercepts at Gem and Harbour View are strongly mineralised add to the growth story and will now be the target of follow-up drilling.”

“We look forward to results continuing to flow from Harbour View in advance of the resource update expected in July,” he concluded.

MM8 has been trading at 27 cents on Monday morning.

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The company has entered a binding share purchase agreement with the current owner, Focus Minerals (ASX:FML), for an upfront cash consideration of $250 million.

Laverton boasts a mineral resource of four million ounces at 1.7 grams per tonne (g/t) – equating to around $63 per resource ounce – with reserves of 546,000 ounces at 1.3g/t, and Genesis is looking ahead to exploration of its wider tenement package.

In addition to infill and extensional drilling to derisk and rebuild the resource, optimisation and expansion studies, it will also be the focus of exploration further down the line; all this is in line with Genesis’ “ASPIRE 400” growth strategy.

Crucially, the acquisition will let the company connect the project’s main deposits with infrastructure at Genesis’ Leonora and Laverton operations.

Completion of the acquisition is set for early June, the company confirmed today.

After putting pen to paper, managing director Raleigh Finlayson said the project was a highly strategic and opportunistic acquisition. “This is the perfect bolt-on acquisition,” he said. “It delivers a substantial 4 Moz Resource with immense exploration upside right next to our Laverton mill.”

“It offers supplementary open pit and underground ore to our Laverton mill and, in the process, gives us flexibility regarding the most efficient pairing of deposits and processing infrastructure between Laverton and Leonora.

“With more ore available at Laverton, our flagship Tower Hill deposit can potentially be processed at Leonora, resulting in significantly lower operating costs.”

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Alongside the acquisition, Genesis has also bolstered its board with the introduction of mining engineer Duncan Coutts, who will take on the role of executive director, while Mick Wilkes will retire as a non-executive director but will be retained as a technical advisor to support the ‘ASPIRE 400’ strategy.

GMD has been trading at $4.34 heading into Week 22.

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The company has elected to divest its Cowal copper gold project in the same state through an option to purchase agreement with Copper Search.

Cowal comprises three tenements – EL8329, EL8804, and EL9397 – and Copper Search (through subsidiary Altitude Gold) has a right of first refusal to purchase the first of these.

It has now been granted (subject to waiver by Sandfire) an exclusive six-month period to complete due diligence with a view to the company buying Cowal, with an option fee of $50,000 cash to be paid to Rimfire.

Copper Search will be able to extend the option period for up to three months – for a price of $10,000 cash per month – and will ultimately be able to complete the project purchase by paying $200,000 cash.

(There’s potential for this to comprise up to 50% Copper Search shares.)

Achievement of a JORC mineral resource estimate on any tenement will yield another payment of $200K to Rimfire within 30 days of the MRE announcement. Then, $250K would also be payable if Copper Search produced 50,000 ounces of gold or an equivalent value from minerals within the tenements.

“It is pleasing to execute the Cowal Option… with Copper Search and their highly experienced technical team,” Rimfire’s MD, David Hutton, said.

This, he continued, will now enable the company to place more of its focus on scandium.

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Mr Hutton continued: “The execution… sharpens Rimfire’s focus on building a critical mass of scandium within the Fifield District – Australia’s scandium epicentre as efficiently and quickly as possible.

“This work is taking place at a time when global supply of this strategically important critical mineral is being threatened by the recent Chinese restrictions on scandium exports.”

RIM has been trading at 2.1 cents.

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Reverse circulation drilling under the already identified gold at Side Well South has now picked up intercepts such as 14 metres at 1.64 grams per tonne from 83 metres, including four metres at 3.59g/t from 86 metres.

Another hole picked up 19 metres at 0.84g/t from 28 metres, including five metres at 2.01g/t from 36 metres, and four metres at 1.77g/t from 53 metres.

While GBR awaits further assays from 16 holes of this program, it’s also now completing Phase 2 AC drilling work at Side Well South.

“It’s really exciting to see immediate progress… hitting a broad intersection of shallow gold in our first RC hole,” managing director Andrew Paterson said, adding that these results had proven the value of Side Well South.

Mr Paterson continued: “Side Well South is shaping up as an important target for future resource growth at the project. Our initial AC program intersected gold in four new areas with geological settings analogous to our Ironbark and Saltbush deposits, which is very promising.”

“We’ve now confirmed primary gold mineralisation on two initial AC discoveries announced earlier in the year, with assays pending from another 16 RC holes.”

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At another part of the Great Boulder project – the Eaglehawk deposit – AC work has pulled up significant results which extend the mineralisation there by 200 metres, showing it to be open to the south.

Assays here include eight metres at 2.19g/t from 60 metres, including four metres at 4.23g/t Au from 64 metres in one hole.

GBR is trading at 6.2 cents heading into Friday’s market open.

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The result was yielded from multiple tests undertaken at two independent laboratories in Australia, and without the use of hydrofluoric acid during the process.

The latter is expected to simplify the project’s development path and provide significant safety and environmental benefits.

Crucially, the purity levels reached in the testing indicate that graphite from Kookaburra will be suitable for lithium-ion battery anode applications.

Graphite concentrate samples grading 94.2% TGC on average were sent to Classifier Milling Systems in Canada for micronising and classification, with composite samples with a d80 of 35 microns were then prepared and distributed to the independent laboratories for advanced analysis.

Lincoln Minerals CEO Jonathon Trewartha said testing had underscored the value of Kookaburra, which is on South Australia’s Eyre Peninsula. “We are extremely pleased with these outstanding initial results, particularly the achievement of battery grade purity levels without the use of hydrofluoric acid,” he said.

“This not only reduces the cost and complexity typically associated with anode material production but also increases major safety and environmental benefits.”

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He continued: “These findings represent a major step forward in our Battery Anode Material Scoping Study and provide a strong technical foundation for the next phase of optimisation and product qualification.”

LML has been trading at 0.5 cents early in Thursday trade.

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The company unveiled its financial report for the year ending March 31, telling investors its full-year operating revenue had risen 6% to $208M. This was underpinned by an 11% rise in product sales and royalties across all territories, along with $0.7 million worth of income from licensing.

Group revenue was boosted by sales growth in the Australian and New Zealand markets, up 17% and 10% respectively. In Australia, this increase was offset by the one-off factors of destocking and interruptions to demand for Maxigesic IV.

In Oz, the operating profit was also in good shape, with an increase of 65%.

With this variable considered in the medium term, AFT has now set the goal of reaching $300M in revenue by the end of the 2027 fiscal year.

Earnings for the year were in a slightly weaker position, with EBITDA (earnings before interest, taxes, depreciation and amortization) falling 20% to $20.9M while operating profit fell 27% to $17.6 million – in line with guidance released at the half year – and net profit after tax was down 23% to $12M.

AFT co-founder and managing director Dr Hartley Atkinson said the company had already achieved multiple goals during the 2025 fiscal year.

“Aside from continued strong growth in our core Australasian businesses, we have significantly advanced strategy to extend our reach across multiple geographies and added to our research and development pipeline,” AFT’s boss explained.

Highlights included launching Maxigesic tablets in the U.S., the launch of a proprietary antiseptic cream in mainland China, and the completion of multiple licensing agreements around the world, including Maxigesic IV in China and Brazil, Mr Atkinson flagged.

“These efforts have come at the cost of short-term earnings growth, but we are convinced they will deliver growth in long-term shareholder value.”

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Mr Atkinson added: “In a credit to our out-licensing activities, we were identified as the only company in the world last year to secure two licensing agreements into China, the world’s second largest pharma market.”

AFP shares have been trading at $2.55.

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Minyari’s resource now totals 2.5 million ounces of gold – as well as 84,000 tonnes of copper, 666,000 ounces of silver, and 13,000 tonnes of cobalt – and Antipa believes these numbers show the possibility of standalone development for the project, as also hinted in a scoping study released in October 2024.

Crucially, there appears to be potential for a scalable open pit and underground miningoperation which will be built around mineralisation that begins at surface and with several deposits remaining open along strike and at depth.

“This update lifts the Minyari Mineral Resource to 3.0Moz gold equivalent, inclusive of 2.5Moz of contained gold, demonstrating the project’s significant scale potential across the tenure,” Antipa’s managing director, Roger Mason, said of the new numbers. Many of the new deposit areas remain open in multiple directions.

“Our broad, two-phase 2025 calendar year drilling programme targets substantial growth opportunities across the existing resource base and from new discovery zones with maiden resource potential.”

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Mr Mason continued: “Minyari’s development potential cannot be understated. It’s strategic proximity to Greatland Gold Plc’s (LSE: GGP) Telfer gold-copper-silver operation and the Havieron development offers a clear analogue for what a future production scenario could look like.”

Antipa shares have risen following the announcement, and at 11:47 AEST, they were trading at 59 cents – a rise of 1.72% since the market opened.

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This will be the maiden program for this target, which is located in WA’s West Arunta region. Buxton has earmarked JB Contracting to do earthworks.

The drilling itself will be done by DDH1 Drilling, the company has confirmed today.

Centurion is being targeted on a large-scale geophysical signature defined by coincident magnetic and gravity anomalies, The latter often indicate the presence of major IOCG deposits such as Carrapateena and Olympic Dam.

This anomaly will be tested through an initial 1,000-metre vertical diamond drillhole, and follow-up ‘daughter’ holes will then assess both the gravity and magnetic featuresfrom the parent hole.

Buxton views this approach as one that optimises the initial exploration phase and allowsfor rapid evaluation of the target.

“The imminent maiden Centurion drilling program represents a significant step in unlocking the potential of this substantial IOCG target,” CEO Marty Moloney said. “We are therefore delighted to partner with highly reputable and experienced contractors, JB Contracting and DDH1 Drilling, for this pivotal campaign.

‘Their established presence and operational experience in the West Arunta region provide cost efficiencies and the invaluable leverage of their local knowledge.”

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BUX shares have moved up since the news, and at 10:21 AEST, they were trading at 3.8 cents – a rise of 8.57% since the Oz markets opened.

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Of the updated number, the majority – or 508Mt at 56.8% Fe – falls in the measured and indicated category, while 236Mt at 55.2% Fe is inferred.

Min Res also reported a 73% rise in ore reserves for OIP, which are now 359Mt at 57.5%, compared to the 207Mt previously reported.

Managing director Chris Ellison said the numbers reflected the ‘outstanding quality’ of the project, which is defined as both long-life and low-cost.

“These upgraded figures reaffirm the confidence we have always held in Onslow Iron’s potential to operate for decades to come,” he said.

“Our focus remains on building on this strong foundation, unlocking further potential in the West Pilbara and delivering ongoing value to all stakeholders.

“With the production ramp-up accelerating in recent weeks, we are well on track to establish Onslow Iron as one of Australia’s premier iron ore operations.”

MinRes has been trading at $24.56.

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The company completed a total of 6,100m of drilling at the deposit – which is part of the wider Menzies gold project near Kalgoorlie – with final results processed.

These revealed results from one hole of 16m at 8.03g/t Au from 220m, including 1m at 33.6 g/t Au from 222m, and 4m at 13.5 g/t Au from 228m. Another hole picked up 13m at 4.70g/t Au from 167m, including 2m at 22.6 g/t Au from 176m.

The goal of this Phase 1 program was infilling areas of the resource which fall within or next to optimised stope shapes, as well as testing for down-dip extensions to known mineralisation.

Drilling results confirm that high-grade mineralisation in Menzies type lodes are present at the deposit, with these comprising nuggetty high-grades and classic pinch-and-swell morphology.

Managing director Alex Rovira said the results had boosted expectations for the deposit.

“Phase 1 assay results from Yunndaga drilling have surpassed our expectations. Intersecting wide zones of consistent high-grade mineralisation is hugely exciting and affirms our focus on advancing Yunndaga as a near term underground mining opportunity at Menzies in parallel with our Lady Shenton open pit project in Menzies,” he said.

“We strongly believe we are only scratching the surface at Yunndaga. The historic mine workings to the south of the Yunndaga deposit extend to over 600m vertical depth, and with over 270koz mined at a grade of +16g/t Au historically, it clearly has high-grade tenor.”

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Processing and interpretation of the survey data – which was completed by Southern Geoscience – revealed the presence of northeast trending shear zones at the prospect, with these connecting the Reidy and Mt Monger faults.

Crucially, there was found to be a correlation between key basement gold intercepts found at Little Lake and the intersection of a NE trending shear together with 2 NW-trending faults, providing encouraging hints of what could be found at these drill targets.

Accelerate CEO Luke Meter said the gravity surveying work had contributed greatly to the company’s plans for the prospect, which is part of the broader Kanowna East project.

“The processing of gravity data by Southern Geoscience consultants has been a highly valuable investment for the company, enabling Accelerate to refine its geological model to a level previously unattainable for past explorers,” he said.

“The identification of NE-trending shear zones between the Reidy and Mt Monger faults is particularly exciting, as historic basement gold mineralisation at the Little Lake prospect shows a strong correlation with these structures – reinforcing their importance in our upcoming drill program.”

The company is now preparing for a drill program at Kanowna East, having gained approval for its program from the Department of Energy, Mines, Industry Regulation and Safety.

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The copper-gold zone – which lies above and is contiguous to the PGM zone – is estimated to comprise 140,000 tonnes (t)of copper, 260,000 ounces of gold, along with 60,000t nickel and 11,000t cobalt.

The existing PGM zone has been estimated as holding 7.6 million ounces (Moz), 5E PGM (a combination of platinum, palladium, gold, rhodium and iridium),103,000t copper (Cu), 143,000t nickel (Ni) and 27,000t cobalt (Co).

The addition of the new zone boosts the podium basket price by 21% to A$3,529 per ounce of 5E PGM, and adds to the scale, optionality and strategic value of Parks Reef, underlining the company’s position as Australia’s premier PGM exposure.

Executive chairman Rod Baxter said the resource definition marked an important achievement for Podium.

“The delineation of the substantial copper and gold mineralisation immediately above the hanging wall of the existing PGM and base metal horizon at Parks Reef is further demonstration of this deposit’s strategic value and ability to continue to surprise to the upside,” he said.

“While geologically separate from the PGM reef, the additional Cu-Au resource substantiallyincreases the podium basket price by 21% at current spot prices, enhances optionality from a development perspective, and provides another strategic lever for us to consider as we progress the Parks Reef PGM project.”

The company is also continuing Phase 2 flotation work seeking improvements in PGM recovery, with current efforts focused on waste rejection to enhance concentrate grade, aiming to produce a cleaner feed to Podium’s proposed downstream refining circuits.

Podium shares have moved up since this news, and at 11:17 AEST, they were trading at 2.6 cents – a rise of 18.18% since the market opened.

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The work will entail 1000 metre slim-line reverse circulation (RC) drilling, testing magnetic anomalies at Kiabye North, and also deliving into Kiabye South – with the whole project located on the Kiabye Green stone Belt in WA’s Yilgarn region.

Kiabye South has previously been observed to host several anomalous gold-in-soil anomalies coincident with a magnetic feature measuring more than 2 kilometres long, in addition to a historical RAB end of hole assay at 3.45 grams per tonne (g/t) of gold.

At Kiabye North, the work will focus on strong northeast-striking magnetic linear anomalies which Red Mountain considers to be potential sources for historical alluvial gold reported in the area.

Specifically, the anomalies have been interpreted to correlate with southeasterly dipping magnetite bearing quartz vein systems, a key structural control for gold mineralisation in the region.

The company has been bolstered in its exploration plans by a funding goal announced earlier this month, which put $400,000 in the piggy bank after a successful convertible note issuance which was supported by new and existing investors.

Alongside the work planned at Kiabye, Red Mountain has been progressing sampling at the Oaky Creek historical Stibnite mines in New South Wales. Altogether, 861 individual soilsamples (sites) and 171 rock chip samples were collected, with assay results expected to become available in late May.

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