Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

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.”

More market news

Forget U.S. tariff talk: Aussies just got a worrying signal from the ABS

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

“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.

Join the discussion: See what HotCopper users are saying about Alchemy Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

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.

More market news

Trims: An RBA cut was locked. Beijing’s identical chop spotlights larger macro forces

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

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.

Join the discussion: See what HotCopper users are saying about Everest Metals Corporation and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

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.”

More market news

Trims: An RBA cut was locked. Beijing’s identical chop spotlights larger macro forces

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

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.

Join the discussion: See what HotCopper users are saying about Medallion Metals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

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.”

More market news

Trims: An RBA cut was locked. Beijing’s identical chop spotlights larger macro forces

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

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.

Join the discussion: See what HotCopper users are saying about Genesis Minerals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

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.”

More market news

Trims: An RBA cut was locked. Beijing’s identical chop spotlights larger macro forces

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

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.

Join the discussion: See what HotCopper users are saying about Great Boulder Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

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.”

More market news

Trims: An RBA cut was locked. Beijing’s identical chop spotlights larger macro forces

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

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.

Join the discussion: See what HotCopper users are saying about Antipa Minerals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

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.”

More market news

Trims: An RBA cut was locked. Beijing’s identical chop spotlights larger macro forces

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

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.

Join the discussion: See what HotCopper users are saying about Buxton Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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.

Join the discussion: See what HotCopper users are saying about MIN and be part of the conversations that move the markets.

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.”

Brightstar has been trading at 70.5 cents.

Join the discussion: See what HotCopper users are saying about Brightstar and be part of the conversations that move the markets.

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.

Accelerate has been trading at 0.8 cents.

Join the discussion: See what HotCopper users are saying about Accelerate and be part of the conversations that move the markets.

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.

Join the discussion: See what HotCopper users are saying about Podium and be part of the conversations that move the markets.

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.

Red Mountain shares have been trading at 0.8 cents.

Join the discussion: See what HotCopper users are saying about Red Mountain and be part of the conversations that move the markets.

Listen to the HotCopper podcast for in-depth discussions and insights on all thebiggest headlines from throughout the week. On Spotify, Apple, and more .

The company had identified multiple target locations for pXRF, and 37 surface samples bringing in grades beyond 50g/t for the precious metal.

These were also found in areas approximately 150 metres south and 300 metres north of the historic Elizabeth Hill mine site, including a highest recorded silver value of 920g/t silver (Ag).

Errawarra has underlined the fact that grades beyond 50g/t are usually associated with iron-rich, gossanous-like float material, in some cases indicating mineralised extensions to the known system.

Several programs of work are planned to continue investigation of the mineralisation in these areas, including more surface sampling, surveys using a metal detector to find more material in the target vicinity, and trenching to find potential mineralised structures at surface.

Those samples already collected have been sent to the lab to undergo analytical assessment, and assay results will be due in 6 to 8 weeks.

Executive director Bruce Garlick said the silver grade observations had been extremely exciting for Errawarra’s field team.

“The identification of high-grade silver values in areas north and south of the historic mine presents compelling new targets,” he said.

“We will now focus further field work in these areas to determine the potential for extensions to the known mineralisation.

“Coupled with our upcoming drilling program, due to commence in the coming weeks,this once again highlights the significant exploration potential at Elizabeth Hill.”

Errawarra shares have been trading at 5.1 cents.

Join the discussion: See what HotCopper users are saying about Errawarra and be part of the conversations that move the markets.

This maiden mineral resource estimate (MRE) – which is compliant with the 2012 JORC code – was prepared by Snowden Optiro, and marks an important step in exploration and development of the project, located in WA’s West Arunta region.

Three deposits – Green, Emily and Crean – are included in the combined MRE, which is contained within a broader resource of 67.6Mt at 0.88% Nb₂O₅ (from a cut-off of 0.25% Nb₂O₅).

Notably, the numbers have been yielded following only 6 months of drilling work, after the discovery of the high-grade Crean deposit in June 2024, and later discoveries at Green and Emily.

This exploration has shown the presence of shallow high-grade mineralisation open along strike and at depth, with reverse circulation (RC) drilling being progressed to extend this and improve its definition.

Executive chairman Will Robinson said the exploration work conducted throughout 2024 had outlined mineralisation which could become “one of the world’s most significant undeveloped niobium resources”.

“This early success highlights the exceptional geological potential of the Aileron project and the broader West Arunta region,” he said.

“This is only the beginning. The strike-extensive carbonatite systems of the West Arunta represent an unusually mineralised suite of intrusions, and Encounter is committed to unlocking their full potential through a focused and systematic exploration program.”

Encounter shares have risen since the news, and at 10:26 AEST, they were trading at 20 cents – a rise of 5.26% since the market opened.

Join the discussion: See what HotCopper users are saying about Encounter and be part of the conversations that move the markets.

Located in the state’s central gold district, the tenement package includes 13 mining leases/prospecting licences plus 2 exploration-stage tenements. Nearby are several world-class deposits, including Kin of the Hills – containing more than 4 million ounces (Moz) and the 6Moz Sons of Gwalia.

LGP is considered highly prospective through its current JORC resource of 63,000 ounces of gold in the inferred category, as well as an exploration target of 592,000 ounces at 3.6 grams per tonne (g/t).

Both historical data and more recent drilling work have contributed to the latter.

The project also has prime access to outstanding mining infrastructure, with four processing plants located just within haulage range (<80km).

Evergreen is looking to progress exploration and development activity to move towards gold production as soon as possible.

EG1 has been trading at 3.9 cents.

Join the discussion: See what HotCopper users are saying about EG1 and be part of the conversations that move the markets.

Along the way, we’re joined by markets reporter Caroline Smith who also provides insights as we discuss the nuclear debate and the information – and mis-information (ie fear campaign!) – that’s been circulating in the sometimes ugly marketing and media circus surrounding the upcoming vote.

We look at a host of other promises from each side of the fence and address the biggest election issues: The cost of living and housing crises.

Before we go, you’ll hear us explore the question… Are Australia’s Prime Ministers paid enough to really attract the quality of talent needed to run a country?

For the full podcast episode, you can listen below – right here in the browser.

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

Disclaimer: This article contains information and educational content provided by Jevons Global Pty Ltd, a Corporate Authorised Representative (AR1250727) of BR Securities Australia Pty Ltd (ABN 92 168 734 530) which holds an Australian Financial Services License (AFSL 456663). The Market Online does not operate under a financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given.

The information is intended to be general in nature and is not personal financial advice. It does not take into account your personal financial situation or objectives and you should consider consulting a qualified financial professional before making any investment decision. All brands and trademarks included in this report remain the property of their owners.

The material provided in this podcast is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

The latter included composite sampling results such as 5 metres at 1.89 grams per tonne (g/t) of gold (Au) from 68m in one hole within an anomalous zone of 8m at 1.04g/t Auto end of hole (EOH); and 5m at 0.50g/t Au from 64m in another.

Gold mineralisation boasting notable grades was also found to be present on sections 200 metres apart, according to additional one metre resampling of composite samples from prior aircore drilling.

Included in this was 3m at 4.27g/t Au from 80m in one hole; and 4m at 1.53g/t Au from 48m in another, within an anomalous zone of 12m at 0.66g/t Au EOH (end-of-hole).

Solstice has now identified commercial grade gold mineralisation on three sections at 200m spacing, alongside association with alteration, quartz veining and pathfinder arsenic anomalism which defines an open gold-bearing system extending over at least 800m of strike and which remains open.

Also helping to highlight the value of the Edjudina discovery is the presence of strong mineralisation at the limit of aircore penetration (‘blade refusal’), which was picked up in the aircore drilling work.

Solstice intends to set up an RC rig at Edjudina following its major program at the more advanced Statesman Well and Bluetooth gold targets.

Solsrtice has been trading at 18 cents.

Join the discussion: See what HotCopper users are saying about Solstice and be part of the conversations that move the markets.

With the publication of this estimate – which comes in at 63.5 million tonnes at a grade of 30.6% iron (Fe) – Tempest is expecting to move into the development phase of work with Remorse, although exploration drilling will also continue.

The resource estimate itself was achieved through limited drilling work at Remorse, which is located to the east of the Yalgoo project, and was only discovered in 2024.

Managing director Don Smith said this was an important milestone for the company.

“This is an excellent outcome. We have gone from discovery to resource in a few short months – and this is based on a relatively small number of drillholes,” he said.

“We have metallurgical and other studies well advanced and we’ve already identified potential processing options and signed an MOU with GreenSteel and Iron.

“This gives us confidence that we can progress from being an explorer to a developer as well.”

Tempest has been trading at 0.4 cents.

Join the discussion: See what HotCopper users are saying about Tempest and be part of the conversations that move the markets.

Join the discussion. See what HotCopper users are saying about Artemis Resources (ASX:ARV) and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

The company set up a two-tranche placement and received commitments from these two groups – which included new and existing investors – to attract funds for its upcoming drilling campaign at the projects, with this to commence by early May 2025.

This work has 2 main focal points: the first being resource extension work to boost the current JORC resource of 200,000 ounces of gold at 1.8 grams per tonne (g/t) – which is built around the Orion-Sapphire, Stirling Well and Viserion deposits.

The second includes a suite of high priority, untested regional targets which were identified through extensive geophysics and structural work completed in the first quarter of calendar year 2025.

Asra will also use the funds for evaluation and acquisition of potential gold projects in the Leonora region.

CEO Paul Stephen said the successful placement would enable the company to progress its busy work program this year.

“This $3 million placement, once completed, will provide Asra with the financial capacityrequired to launch our planned Q2 CY2025 drilling program, which will systematically test the 26 recently defined priority gold targets across our Leonora projects,” he said.

“This funding is pivotal as it allows us to immediately follow up on the high-potential areas identified through our recent detailed technical work.

“We appreciate the strong support shown for the placement and look forward to commencing drilling shortly and updating the market on our progress.”

At 14:58 AEST, Asra Minerals was trading at 0.2 cents per share – a rise of 25% since the market opened.

Join the discussion: See what HotCopper users are saying about Asra and be part of the conversations that move the markets.