Latest Asx News

Power Minerals Limited has taken a significant step in expanding its South American critical minerals portfolio by signing a binding option to acquire the high-grade Santa Anna Niobium Project in Brazil, supported by a strategic US$300,000 investment and a $1.3 million placement to fund exploration.

CuFe Ltd has announced a substantial upgrade to its Orlando deposit within the Tennant Creek JV, with contained copper and gold soaring by 120% and 89% respectively, while progressing a key scoping study and appointing a seasoned geologist to its board.

Norfolk Metals has secured a binding earn-in agreement to acquire a majority stake in the Carmen Copper Project in Chile, backed by a $1 million capital raising commitment. The company is progressing exploration plans alongside ongoing work at its uranium and gold-copper projects.

Vectus Biosystems advances its lead fibrosis drug VB0004 with validated Phase I safety data and strategic cost reductions, while actively pursuing licensing partnerships in China.

BPH Global Ltd has raised $609,000 through a targeted placement and made significant strides in its Indonesian seaweed venture, including binding offtake agreements and R&D breakthroughs on mineral extraction.

Kinetiko Energy reports encouraging progress in South African gas exploration, with improved well performance and a drilling optimisation study revealing key production enhancements.

Tungsten Mining NL has made significant strides in developing its Mt Mulgine and Hatches Creek projects, with a maiden Mineral Resource Estimate for Hatches Creek expected soon and key environmental approvals progressing.

Australian Rare Earths Limited (ASX: AR3) has secured a $5 million government grant to advance its Koppamurra Rare Earths Project, confirmed promising uranium mineralisation at its Overland Project, and raised $3.6 million through a rights issue to accelerate development.

Premier1 Lithium has completed its first significant drilling campaign at the Yalgoo Gold Project in decades, confirming strong gold prospectivity with high-grade rock chip results and identifying new targets at Abbotts North.

Australian Gold and Copper Ltd reports strong assay results from its accelerated aircore drilling program at the Achilles Shear Zone, extending the known mineralisation footprint by at least 1.2 kilometres. With $15.7 million cash on hand, the company is poised for further exploration and resource definition.

Merino & Co reported a transformative quarter marked by operational upgrades, new product launches, and the integration of cryptocurrency payments, ending with a robust cash position to fuel future growth.

Lakes Blue Energy is progressing regulatory approvals and has locked in a drilling rig for its Wombat-5 gas well, while reporting a $1.48 million operating cash outflow and maintaining $3.55 million in cash at quarter-end.