Ausgold's belt-scale Katanning gold project is poised to shine
DFS for proposed 3.6Mtpa development with a 10-year mine life nearing completion
Decision to mine could come as early as Q1 or Q2 2026
Pegging large tracts of ground around promising projects is common enough in the mining world, but having a junior company lock down what's essentially an entire greenstone belt is far less common.
Yet that's exactly what Ausgold (ASX:AUC) has managed to achieve with its Katanning gold project in Western Australia's Great Southern, where it has secured a landholding of over 3500km2 that is just 30km from the town of Katanning and some 275km southeast (and 3.5hrs via the Albany Highway) from Perth.
This is primarily on freehold land – requiring the company to engage with landholders rather than deal with native title agreements, and includes mineralised trends that strike over 100km.
This achievement was made possible by the relatively recent recognition by the Geological Survey of Western Australia in 2019 that what was previously considered to be just granite was actually a greenstone belt.
Greenstone belts are much sought after for explorers due to their well-known gold prospectivity.
Executive chairman John Dorward, who took the helm about a year ago as Ausgold brought in fresh blood with experience in operations and project development, told Stockhead the late identification of the project area as a greenstone enabled the company to really 'put its foot' on the entire belt.
'All of the ground that is of interest we have under tenure,' he added.
Katanning gold project
That greenstone was indeed fertile. Ausgold has defined one of the largest undeveloped resources in WA of 3.04Moz of gold at an average grade of 1.06g/t.
Further highlighting the level of work already conducted, this includes higher confidence measured and indicated resources totalling over 2.42Moz and an ore reserve of 1.28Moz at 1.25g/t.
That is enough for a plant with proposed throughput of 3.6 million tonnes per annum to comfortably sustain production of some 136,000oz of gold per annum for an initial 10-year mine life.
Katanning is certainly attractive enough for Ausgold to be able to attract primarily northern hemisphere institutions to back a $38m placement last year to fast track its development.
This includes the key definitive feasibility study which the company is putting the finishing touches on. It's due for release before the end of the month.
'It's starting to look really good, taking shape. I think it's going be a really strong project,' he added.
He also noted the feasibility study is a big step towards putting a milestone out in the public domain and that not missing it would be a critical step on the right path for the company, contrasting with when it previously struggled to advance projects in a timely fashion.
That gold prices are still trading at near record levels – A$5212/oz on Wednesday – is certainly helping, though Dorward said Katanning will be very competitive against other developments even at conservative price assumptions.
Only the beginning
The current Katanning project is a starter kit for Ausgold believes will be a multi-decade asset. The company's enormous land holding means there is plenty of the greenstone belt still to explore for large new gold deposits.
'We have started to actively explore that. We have enough to build a very attractive project. today, but we think it's just the early innings and very much just the starter for what we think will ultimately be there,' he said.
Immediate growth could come through drilling to the north and south of existing resources as it remains open in those directions.
There is also potential for repeat structures in the immediate vicinity of the project and opportunities for high-grade satellite feeders to be found across the company's regional exploration package.
A major ~19,000m drill program is currently underway including 12,000m of RC drilling proximal to the KGP designed to de-risk the first 18 months of production and grow the mineral resource.
The infill drilling has already delivered near-surface gold intercepts such as 14m grading 4.58g/t gold from 29m in the Central Zone that support the de-risking strategy and high-grade results such as 10m at 10.55g/t gold from 42m in the Southern Zone that supports the project's growth potential.
Likewise, drilling has extended the Datatine high-grade shoot in the Northern Zone by ~240m down-plunge after returning a notable intercept of 6.6m at 3.4g/t gold from 362m, reinforcing its potential as a high-grade underground prospect that remains open down-plunge.
Drilling at regional prospects has also intersected broad gold zones, which reinforce Ausgold's belief in the prospectivity of its regional growth pipeline.
Road ahead
Besides the upcoming DFS, Ausgold is focused on permitting.
'We will have our initial application in by the end of this month to start the permitting clock, which we think is around a nine-month timeline,' Dorward said.
The company is also looking at debt financing, led by chief financial officer Benjamin Stockdale, a experienced operator who has assisted junior mining companies in securing financing for development of their first project.
'We are also starting detailed engineering and looking to buy long lead items as well as securing the last of the land access that we need in terms of compensating the underlying landholders,' he noted.
'It's going to be a busy 12 months but by end of Q1, early Q2 next year, we'll be looking to press the button on breaking ground.
'Once we publish the DFS, it is going to look to people like a very straight down the middle of the fairway, substantial Western Australian open pit gold mine.
'There's nothing challenging in terms of the mining or the metallurgy or the sort of the environmental aspects or anything like that.
'It's a straightforward project that's of really good size and it will make a tonne of money.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
3 hours ago
- West Australian
Federal Government and other creditors facing $300m wipeout on failed mineral sands projects
The Federal Government and other creditors of mineral sands miner Strandline Resources are facing a $300 million wipeout even with the sale of the collapsed company's flagship WA project to Japanese group Iwatani. Iwatani, which already owns South West mineral sands miner Doral, is proposing to take control of the mothballed Coburn mine near Shark Bay from receivers with a $15m cash offer that would see secured creditors repaid less than 5¢ in every dollar they are owed. The deed of company arrangement for Coburn, if approved by creditors next week, would crystallise a loss of about $160m for the project's biggest backer, the government-owned Northern Australia Infrastructure Facility. A statutory report by administrators Cor Cordis into the collapse of Strandline and its operating subsidiary Coburn Resources reveals NAIF is owed $167m, having advanced a final $5m just three months before the miner collapsed in February. With bondholders owed $94m and NAB nearly $17m, secured creditors alone are on the hook for Coburn for $277.5m. Under the DOCA, they would likely collectively recover less than $10m, while 224 unsecured mainly trade creditors would share just $1.5m to settle another $49m of claims. Subject to clarification about which company actually employed them, the deed funds would also be used to pay $5 million in outstanding entitlements owed to nearly 170 employees. The ASX-listed Strandline was put into administration on February 21 after its backers ran out of patience with protracted efforts to address Coburn's poor operating performance and restructure the group's hefty debt. Receivers from McGrathNicol took control of the mine under an almost simultaneous appointment by the secured creditors. Strandline spent $260m developing Coburn to exploit a large tonnage, but low-grade deposit, about 300km north of Geraldton. It entered commercial production in November 2022 but struggled from the start, falling well short of the targets assumed in the feasibility study that underpinned the development. Directors sheeted home blame to various factors, including design and construction flaws, unreliable equipment, labour shortages, and higher-than-expected handling and operating costs. However, administrators Thomas Birch and Jeremy Nipps added that Coburn never produced enough to do better than break even. Strandline and Coburn, they said, 'were reliant on funding from lenders to bridge their collective working capital deficit in circumstances where operations were never generating sufficient cash or gross profit'. Iwatani's was one of two proposals received by McGrathNicol after a sale campaign, with the receivers opting for the Japanese company, partly because its offer was better, it had more certainty and it 'would see the continuation of the Coburn project after a short period of care and maintenance'. Iwatani could not be immediately contacted on Friday.
News.com.au
5 hours ago
- News.com.au
Gold Digger: Riches rain for gold miners, but value is in the eye of the beholder
Gold miners have been out and about for reporting season Market reactions are heavily dependent on investor expectations, even with the sector printing serious cash Newmont ran hard on Friday after a stellar June quarter Market reactions during reporting period are often a gauge of feelings as much as facts and figures. What's important is not necessarily the number that's reported, but how it correlates to the mood and expectations of the investors punting on a stock. Fortescue's (ASX:FMG) quarterly this week, for instance, was well received because of its record iron ore output and falling costs. But a decision to halt two green energy projects and reduce spending on the troubled division was as much a signal for investors worried about cash burn and dividends to buy in as any of the hard numbers. For the gold scene, the cash generation has been predictably strong. Northern Star Resources (ASX:NST), for instance, reported record underlying free cash flow of $536 million for FY25 on Thursday, after selling 1.634Moz at an all in sustaining cost of $2163/oz. It has a whopping $1.914bn cash on the balance sheet with net cash of $1.013bn after its deal to acquire De Grey Mining, which brought a cash pile with it alongside its world-class Hemi gold project. Cash earnings are expected to clock in at $2.8-2.95bn, with Northern Star also winding down hedging commitments to reflect its balance sheet strength. Yet, NST shares have shed close to 5% over the past week and over 18% in the last month. Despite gold prices climbing 28% YTD, NST shares have barely budged. Dilution from the DEG deal is one thing, but there are also concerns that future earnings will be chewed up by increased capex, especially around its critical Kalgoorlie hub and Super Pit gold mine. Citi downgraded its price target this week from $18 to $21 and reduced EBITDA estimates going forward between 3-7%. Analysts are also questioning the timeliness of numbers on a project to expand the KCGM business and processing plant. MD Stuart Tonkin admitted on an earnings call the operating cost of $1425/oz could be old given the run up in gold prices since the decision was taken. But he maintains it will still be one of the top cash spinners globally. "That $1425 (an ounce) is perhaps a stale number, albeit this asset will be a top 5 global gold mine, and it will be setting inside the third lowest quartile global cost curve, and that's been the investment case," Tonkin said. "So relative it will generate as much cash flow as anything globally." Some more takeaways Capricorn Metals (ASX:CMM) is yet to give its final numbers for the June quarter. But its shares have been in limbo as investors digest some relatively noteworthy M&A activity from the mid-tier gold miner. CMM announced the $189m scheme deal to acquire Warriedar Resources (ASX:WA8). There'll be some dilution – the 1 for 62 share offer will see WA8 shareholders own ~4.36% of the company, equivalent to 15.5c per WA8 share and a 29% premium over Warriedar's July 23 closing price. It's a potential satellite development for CMM's Mt Gibson project, the next cab off the rank for the miner beyond its operating Karlawinda mine, with Warriedar's Golden Range containing a resource of 1.38Moz of gold and 60,000t of antimony. Capricorn has shed over 3% on Friday and more than 4% in the past five days. Pantoro (ASX:PNR) has been a big winner, declaring ~$196m of EBITDA for FY25 including $80.4m for the fourth quarter alone. With a cash build of ~$43m, the more than 25,000oz delivered by the Norseman gold mine came in at the upper half of guidance. PNR set guidance of 100-110,000oz at AISC of $1950-2250/oz. Its shares crumbled 5% on Friday amid a sector wide gold and mining sell off. But they were still ~22% higher on the week, propelling the miner's valuation to almost $1.5bn. At the very big end of the spectrum, Newmont Corporation (ASX:NEM) broke the mould with a 3.8% lift after nearly doubling net income for the three months to June 30 YoY to US$1.595bn. The world's largest gold producer by volume, NEM announced a US25c cash dividend for the quarter after selling 1.38Moz of gold at an average price of US$3320/oz and gold equivalent cost of US$1203/oz when copper, silver, lead and zinc by-products are taken into account. NEM finished the quarter with some US$6.2bn in consolidated cash, US$10.2bn in total liqudity and net debt of US$1.4bn Canaccord's Carey MacRury said free cash generation of US$1.71bn and all in sustaining cost margins of US$1738/oz clocked in well above the broker's US$1538/oz estimate, representing a lift of 34% QoQ and doubling over the past year. "Overall, the quarter highlights improving operating performance, with three solid quarters in a row and tracking well to achieve its 2025 guidance," MacRury said. "Newmont remains one of our Best Ideas among the senior producers with improving production, strong FCF, capital return program, and attractive valuation." Winners and losers CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP MRR Minrex Resources Ltd 0.009 13% 6% 13% 0% 29% $ 9,763,807.53 NPM Newpeak Metals 0.024 -11% 26% 41% 71% 118% $ 7,729,721.54 MTC Metalstech Ltd 0.135 0% -4% -7% -40% -4% $ 31,087,694.40 GED Golden Deeps 0.026 13% 30% 13% -24% 4% $ 3,896,765.42 G88 Golden Mile Res Ltd 0.01 11% -23% 0% 0% 11% $ 5,442,478.55 LAT Latitude 66 Limited 0.038 3% 52% -16% -71% 0% $ 5,449,226.79 NMR Native Mineral Res 0.135 -4% -27% 214% 575% 246% $ 156,584,324.64 AQX Alice Queen Ltd 0.004 33% 33% -56% -56% -50% $ 5,538,784.76 SLZ Sultan Resources Ltd 0.005 -17% 0% -17% -17% -17% $ 1,388,819.46 KSN Kingston Resources 0.14 4% 8% 89% 79% 97% $ 125,002,075.95 AMI Aurelia Metals Ltd 0.19 -3% -5% 9% -5% 12% $ 338,514,528.00 GIB Gibb River Diamonds 0.04 14% 43% 5% -2% 0% $ 8,580,377.80 KCN Kingsgate Consolid. 2.4 0% 9% 69% 50% 87% $ 641,801,713.08 TMX Terrain Minerals 0.003 20% 50% -25% 0% 0% $ 6,329,535.68 BNR Bulletin Res Ltd 0.047 -23% -19% 34% -4% 21% $ 13,799,826.18 NXM Nexus Minerals Ltd 0.06 -17% -19% 30% 50% 33% $ 36,829,336.39 SKY SKY Metals Ltd 0.081 17% 62% 50% 153% 50% $ 56,121,870.37 LM8 Lunnonmetalslimited 0.24 7% 12% 17% 55% -4% $ 50,744,480.02 CST Castile Resources 0.055 -2% -14% -10% -31% -31% $ 16,816,171.90 YRL Yandal Resources 0.16 -3% 60% 19% 10% -9% $ 51,023,772.03 FAU First Au Ltd 0.005 67% 43% 233% 150% 150% $ 12,457,747.66 ARL Ardea Resources Ltd 0.41 -5% 6% 21% -14% 24% $ 86,269,295.15 GWR GWR Group Ltd 0.115 10% 26% 28% 47% 44% $ 37,214,765.33 IVR Investigator Res Ltd 0.028 0% 17% 27% -42% 40% $ 46,783,248.60 GTR Gti Energy Ltd 0.004 33% 0% 33% 0% 14% $ 14,890,619.22 IPT Impact Minerals 0.008 14% 33% -23% -39% -15% $ 35,939,969.71 BNZ Benzmining 0.6 7% 36% 58% 422% 74% $ 117,407,727.64 MOH Moho Resources 0.004 -20% 0% -20% -33% -20% $ 2,981,656.11 BCM Brazilian Critical 0.017 6% 70% 89% 6% 89% $ 19,657,998.53 PUA Peak Minerals Ltd 0.067 18% 219% 361% 1627% 764% $ 200,605,169.01 MRZ Mont Royal Resources 0.041 0% 0% 37% -38% -5% $ 3,486,221.51 SMS Starmineralslimited 0.03 15% 36% -9% 11% -17% $ 5,574,199.59 MVL Marvel Gold Limited 0.014 8% 8% 75% 75% 56% $ 19,504,319.84 PRX Prodigy Gold NL 0.002 0% 0% 0% -25% 0% $ 12,700,222.20 AAU Antilles Gold Ltd 0.005 0% 25% 25% 67% 67% $ 14,274,408.10 CWX Carawine Resources 0.097 2% -1% -8% 13% -3% $ 22,904,168.55 RND Rand Mining Ltd 1.85 -2% -6% 17% 26% 22% $ 105,789,287.46 CAZ Cazaly Resources 0.02 5% 11% 82% -13% 43% $ 8,764,756.83 BMR Ballymore Resources 0.205 3% 21% 64% 28% 71% $ 36,229,769.93 DRE Dreadnought Resources Ltd 0.011 0% 10% 0% -50% -8% $ 55,874,500.00 ZNC Zenith Minerals Ltd 0.03 -12% -27% -33% -40% -25% $ 16,942,575.90 REZ Resourc & En Grp Ltd 0.019 0% 6% -39% -14% -17% $ 14,201,979.17 LEX Lefroy Exploration 0.13 4% 24% 83% 86% 86% $ 32,294,617.94 ERM Emmerson Resources 0.165 27% 32% 99% 200% 114% $ 95,342,831.85 AM7 Arcadia Minerals 0.025 19% 47% 25% -34% 32% $ 2,817,202.39 ADT Adriatic Metals 5.84 -1% 8% 40% 78% 50% $ 1,772,610,943.10 AS1 Asara Resources Ltd 0.054 -4% 8% 116% 440% 184% $ 59,463,603.79 CYL Catalyst Metals 4.73 0% -13% 33% 146% 83% $ 1,241,289,396.27 CHN Chalice Mining Ltd 1.81 1% 13% 51% 68% 64% $ 729,425,227.50 KAL Kalgoorliegoldmining 0.043 5% 8% 169% 48% 139% $ 15,653,226.90 MLS Metals Australia 0.022 29% 29% 0% 10% -4% $ 15,303,110.00 ADN Andromeda Metals Ltd 0.011 0% -15% 69% -50% 57% $ 43,876,132.42 MEI Meteoric Resources 0.155 3% 29% 85% 29% 82% $ 385,664,859.03 SRN Surefire Rescs NL 0.002 0% 0% -40% -66% -32% $ 6,457,218.50 WA8 Warriedarresourltd 0.145 32% 21% 202% 107% 230% $ 176,446,309.35 HMX Hammer Metals Ltd 0.028 8% -3% -7% -30% -15% $ 25,745,002.30 WCN White Cliff Min Ltd 0.025 9% 14% 25% 47% 56% $ 60,334,653.65 AVM Advance Metals Ltd 0.047 12% 0% 18% 81% 38% $ 12,868,546.37 ASR Asra Minerals Ltd 0.002 0% 33% -33% -67% -33% $ 8,000,396.02 ARI Arika Resources 0.042 -5% 20% 40% 110% 56% $ 37,005,730.00 CTO Citigold Corp Ltd 0.004 0% 33% 14% -11% 0% $ 12,000,000.00 SMI Santana Minerals Ltd 0.595 2% 9% 23% 51% 23% $ 422,790,424.88 M2R Miramar 0.004 0% 14% 0% -60% 33% $ 3,987,293.14 MHC Manhattan Corp Ltd 0.024 14% 20% 4% -4% 26% $ 5,637,573.55 GRL Godolphin Resources 0.014 22% 56% 0% -7% -3% $ 6,284,226.37 SVG Savannah Goldfields 0.018 -14% 6% 21% -38% -2% $ 20,548,386.70 EMC Everest Metals Corp 0.145 7% 12% 4% 16% 7% $ 30,257,719.43 GUL Gullewa Limited 0.069 0% 0% 23% -1% 23% $ 15,043,529.87 CY5 Cygnus Metals Ltd 0.1 11% 11% -29% 56% 0% $ 105,262,955.62 G50 G50Corp Ltd 0.3 11% 150% 67% 82% 94% $ 48,179,297.70 ADV Ardiden Ltd 0.165 3% 14% 14% 22% 22% $ 10,315,388.49 AAR Astral Resources NL 0.165 3% -6% 10% 109% 22% $ 226,883,100.64 VMC Venus Metals Cor Ltd 0.11 -8% 0% 75% 26% 64% $ 20,593,511.72 NAE New Age Exploration 0.004 33% 14% 33% 14% 14% $ 10,823,645.62 VKA Viking Mines Ltd 0.006 0% 0% -40% -25% -25% $ 9,407,641.24 LCL LCL Resources Ltd 0.006 0% 0% -33% -25% -40% $ 7,195,542.91 MTH Mithril Silver Gold 0.51 3% 2% 34% 240% 28% $ 77,446,791.66 ADG Adelong Gold Limited 0.005 -17% 25% 0% 25% 11% $ 11,243,383.37 RMX Red Mount Min Ltd 0.008 -6% -11% 0% -20% -11% $ 4,658,367.41 PRS Prospech Limited 0.024 0% 41% 0% -35% -17% $ 8,334,169.51 TTM Titan Minerals 0.325 2% 0% -21% -28% -14% $ 83,425,825.92 AKA Aureka Limited 0.105 6% -9% -36% -99% -22% $ 12,605,028.10 AAM Aumegametals 0.034 0% 17% -19% -35% -19% $ 21,817,825.09 KZR Kalamazoo Resources 0.11 13% 22% 49% 49% 49% $ 24,133,286.87 BCN Beacon Minerals 1.305 13% 17% 25% 31% 48% $ 137,359,543.10 MAU Magnetic Resources 1.535 6% -1% 24% 27% 39% $ 398,488,284.32 BC8 Black Cat Syndicate 0.83 2% 3% 18% 144% 47% $ 605,005,588.98 EM2 Eagle Mountain 0.007 17% 17% -22% -85% -22% $ 7,945,261.02 EMR Emerald Res NL 3.69 1% -19% -2% -9% 14% $ 2,477,332,862.48 BYH Bryah Resources Ltd 0.007 -13% -42% 75% 40% 133% $ 6,171,195.19 HCH Hot Chili Ltd 0.63 2% 14% -7% -33% -10% $ 97,033,901.44 WAF West African Res Ltd 2.38 7% 8% 46% 60% 66% $ 2,724,515,917.41 MEU Marmota Limited 0.038 -3% -3% -38% -12% -3% $ 45,953,925.81 NVA Nova Minerals Ltd 0.25 -4% -22% -35% 32% -32% $ 108,405,382.59 SVL Silver Mines Limited 0.15 0% 36% 105% 0% 92% $ 276,692,308.80 PGD Peregrine Gold 0.34 79% 119% 127% 81% 143% $ 27,151,277.12 ICL Iceni Gold 0.066 -1% 16% -8% 0% -7% $ 22,657,891.54 FG1 Flynngold 0.029 -3% -9% 16% 12% 16% $ 11,348,177.63 WWI West Wits Mining Ltd 0.022 13% 10% 38% 47% 57% $ 75,834,374.93 RML Resolution Minerals 0.081 29% 62% 575% 238% 575% $ 54,759,584.50 AAJ Aruma Resources Ltd 0.008 0% -11% -20% -27% -33% $ 2,623,524.20 HWK Hawk Resources. 0.019 -5% 6% -14% -47% -14% $ 5,147,659.53 GMN Gold Mountain Ltd 0.09 -22% 80% -10% -55% -40% $ 12,211,260.60 MEG Megado Minerals Ltd 0.04 3% 167% 208% 282% 135% $ 29,701,430.05 HMG Hamelingoldlimited 0.063 -7% -11% 0% -37% -2% $ 12,988,883.90 BM8 Battery Age Minerals 0.06 -5% 9% -39% -54% -43% $ 9,108,109.38 TBR Tribune Res Ltd 4.71 -1% -1% 10% 20% 10% $ 244,501,238.82 FML Focus Minerals Ltd 0.39 -1% 4% 77% 189% 129% $ 110,325,078.33 VRC Volt Resources Ltd 0.005 43% 25% 67% 25% 67% $ 23,424,247.06 ARV Artemis Resources 0.005 0% 0% -44% -44% -38% $ 13,946,196.91 HRN Horizon Gold Ltd 0.485 -6% -14% -6% 74% 2% $ 86,903,953.80 CLA Celsius Resource Ltd 0.006 -14% -14% -40% -54% -45% $ 20,380,674.94 QML Qmines Limited 0.058 23% 45% 4% 14% 7% $ 25,347,707.19 RDN Raiden Resources Ltd 0.0045 13% -10% -36% -82% -59% $ 15,529,011.49 TCG Turaco Gold Limited 0.465 1% -1% 45% 107% 82% $ 478,009,016.49 KCC Kincora Copper 0.061 11% 69% 110% 22% 126% $ 13,404,980.02 GBZ GBM Rsources Ltd 0.02 -9% 43% 150% 150% 150% $ 29,733,083.31 DTM Dart Mining NL 0.003 0% 0% -71% -84% -67% $ 3,594,166.73 MKR Manuka Resources. 0.046 5% 12% 74% 47% 68% $ 38,344,112.77 AUC Ausgold Limited 0.575 0% -24% 31% 60% 37% $ 248,937,808.84 ANX Anax Metals Ltd 0.007 0% 40% -30% -72% -42% $ 6,179,652.97 EMU EMU NL 0.021 -16% 5% -25% -13% -22% $ 4,436,217.83 SFM Santa Fe Minerals 0.27 -10% 671% 694% 744% 771% $ 19,661,073.03 PNR Pantoro Gold Limited 3.72 24% 20% 108% 164% 143% $ 1,539,826,697.36 CMM Capricorn Metals 8.98 -4% -14% 19% 64% 43% $ 3,996,970,576.74 VRL Verity Resources 0.025 0% 9% 35% -36% 28% $ 6,985,586.70 HAW Hawthorn Resources 0.054 0% -4% 29% -24% 32% $ 18,090,843.10 BGD Bartongoldholdings 0.68 -3% -15% 157% 172% 178% $ 161,740,826.64 SVY Stavely Minerals Ltd 0.017 -11% 55% -6% -39% 0% $ 9,248,715.58 AGC AGC Ltd 0.17 10% 10% 31% -41% 10% $ 41,055,555.52 RGL Riversgold 0.004 -20% 0% 33% -27% 0% $ 6,734,850.37 TSO Tesoro Gold Ltd 0.029 0% 23% 26% -3% 45% $ 62,455,210.42 GUE Global Uranium 0.073 7% 20% -5% 6% 22% $ 32,287,581.78 CPM Coopermetalslimited 0.048 -4% 37% 4% -26% 4% $ 3,761,071.20 MM8 Medallion Metals. 0.27 13% 8% 125% 350% 125% $ 165,175,201.35 FFM Firefly Metals Ltd 1.15 2% 13% 28% 37% 24% $ 748,241,200.93 CBY Canterbury Resources 0.025 0% -17% 14% -48% 14% $ 4,563,699.71 SLA Solara Minerals 0.245 23% 40% 0% -22% 172% $ 13,046,585.18 SFR Sandfire Resources 11.06 2% -1% 11% 31% 19% $ 5,159,967,706.40 TAM Tanami Gold NL 0.059 2% 7% 111% 97% 97% $ 69,330,725.71 NWM Norwest Minerals 0.014 -7% 27% 9% -42% 17% $ 14,525,378.43 ALK Alkane Resources Ltd 0.71 9% -5% 33% 35% 39% $ 423,879,324.40 BMO Bastion Minerals 0.001 -33% -50% -75% -79% -68% $ 3,162,696.47 IDA Indiana Resources 0.088 -1% 14% 38% 90% 44% $ 56,560,456.30 GSM Golden State Mining 0.009 13% 29% 13% -25% 13% $ 2,514,335.67 NSM Northstaw 0.036 0% 9% 82% 123% 128% $ 11,328,677.61 GSN Great Southern 0.027 4% 8% 50% 59% 80% $ 25,916,911.54 VAU Vault Minerals Ltd 0.395 0% -1% 8% -5% 20% $ 2,755,001,719.71 THR Thor Energy PLC 0.008 -20% -20% -30% -53% -38% $ 6,397,108.52 CDR Codrus Minerals Ltd 0.03 7% -14% 76% 0% 76% $ 6,202,031.37 MDI Middle Island Res 0.02 0% -9% 54% 18% 67% $ 5,864,679.42 WTM Waratah Minerals Ltd 0.275 -5% 0% 83% -20% 77% $ 66,550,995.81 POL Polymetals Resources 0.78 7% -3% -11% 184% -2% $ 214,250,941.60 RDS Redstone Resources 0.004 0% 33% 33% -11% 60% $ 4,137,069.42 NAG Nagambie Resources 0.016 0% 7% 0% 100% -11% $ 12,852,837.50 BGL Bellevue Gold Ltd 0.855 -7% -3% -24% -53% -24% $ 1,321,311,865.77 GBR Greatbould Resources 0.062 0% 0% 29% 24% 44% $ 57,992,501.10 KAI Kairos Minerals Ltd 0.0255 6% -12% 89% 219% 113% $ 65,772,804.73 KAU Kaiser Reef 0.18 0% 3% 9% 4% 13% $ 109,806,037.75 HRZ Horizon 0.048 0% -2% 4% 30% 20% $ 144,443,308.00 CDT Castle Minerals 0.077 -3% 3% 28% -36% 28% $ 9,280,765.60 RSG Resolute Mining 0.635 -2% 2% 57% -2% 61% $ 1,405,599,368.58 EVN Evolution Mining Ltd 7.3 -2% -5% 31% 78% 52% $ 15,097,934,010.64 CXU Cauldron Energy Ltd 0.01 0% 25% -18% -58% -14% $ 17,911,610.07 DLI Delta Lithium 0.165 10% -3% -3% -25% -3% $ 121,812,104.64 ALY Alchemy Resource Ltd 0.005 -9% -9% -29% -38% -29% $ 5,890,381.28 NH3 Nh3Cleanenergyltd 0.053 -20% 66% 194% 308% 194% $ 34,366,798.69 OBM Ora Banda Mining Ltd 0.69 8% -21% -9% 60% 6% $ 1,318,672,891.90 AVW Avira Resources Ltd 0.007 0% 0% -65% -65% -65% $ 1,610,000.00 LCY Legacy Iron Ore 0.009 0% 0% 0% -48% -10% $ 87,858,383.26 PDI Predictive Disc Ltd 0.45 2% 18% 67% 137% 96% $ 1,179,899,633.70 MAT Matsa Resources 0.078 8% 20% 95% 212% 123% $ 56,950,659.51 ZAG Zuleika Gold Ltd 0.02 25% 33% 67% 18% 54% $ 13,353,838.69 GML Gateway Mining 0.027 2% 0% 23% 13% 29% $ 10,220,507.38 SBM St Barbara Limited 0.3 7% 3% 20% 33% 33% $ 330,268,134.01 SBR Sabre Resources 0.01 11% 25% 25% -29% 0% $ 3,550,157.40 STK Strickland Metals 0.16 10% 7% 105% 65% 88% $ 384,601,165.49 CEL Challenger Gold Ltd 0.09 10% 8% 80% 80% 91% $ 188,075,086.20 GG8 Gorilla Gold Mines 0.395 10% -8% 72% 301% 52% $ 245,565,912.68 NST Northern Star 15.81 -3% -20% -8% 10% 2% $ 23,242,485,705.73 OZM Ozaurum Resources 0.07 -15% 13% 133% 37% 133% $ 16,037,131.11 TG1 Techgen Metals Ltd 0.022 0% -4% -35% -29% -37% $ 3,649,311.33 XAM Xanadu Mines Ltd 0.08 1% 1% 70% 36% 63% $ 181,005,683.93 AQI Alicanto Min Ltd 0.03 3% 3% -30% 36% -19% $ 25,444,289.28 KTA Krakatoa Resources 0.013 0% 8% 30% 18% 37% $ 10,076,742.33 ARN Aldoro Resources 0.33 -12% 6% 22% 284% -13% $ 64,182,702.15 WGX Westgold Resources. 2.64 -4% -10% 1% -3% -7% $ 2,575,861,363.53 MBK Metal Bank Ltd 0.011 -8% 0% -27% -41% -27% $ 4,974,589.98 A8G Australasian Metals 0.062 -7% -6% -17% -26% -22% $ 3,589,162.95 TAR Taruga Minerals 0.008 0% 0% -20% -11% -20% $ 5,710,032.46 DTR Dateline Resources 0.135 8% 82% 4400% 2150% 3757% $ 442,257,919.04 GOR Gold Road Res Ltd 3.15 -2% -5% 28% 74% 54% $ 3,454,749,010.80 S2R S2 Resources 0.067 -13% -1% -13% -48% 0% $ 33,496,064.49 NES Nelson Resources. 0.004 33% 33% 33% 33% 33% $ 6,515,782.98 TLM Talisman Mining 0.15 9% 15% -27% -45% -27% $ 27,306,450.61 BEZ Besragoldinc 0.048 -4% 2% -35% -8% -47% $ 19,943,854.32 PRU Perseus Mining Ltd 3.56 0% 2% 28% 32% 39% $ 4,942,010,454.55 SPQ Superior Resources 0.005 0% 25% -17% -50% -17% $ 11,854,913.63 PUR Pursuit Minerals 0.068 3% 84% -17% -55% -29% $ 6,732,042.50 RMS Ramelius Resources 2.72 11% 6% 17% 36% 31% $ 3,245,567,236.80 PKO Peako Limited 0.0025 -17% 25% -17% -38% -17% $ 3,719,354.90 RKB Rokeby Resources Ltd 0.014 -13% 100% 115% 180% 180% $ 22,888,055.96 A1G African Gold Ltd. 0.215 5% 30% 172% 760% 291% $ 115,913,153.84 NMG New Murchison Gold 0.017 0% -6% 70% 183% 89% $ 175,464,451.81 GNM Great Northern 0.02 18% 54% 33% 82% 43% $ 3,092,581.54 KRM Kingsrose Mining Ltd 0.039 8% 30% 15% -20% 11% $ 30,141,060.76 BTR Brightstar Resources 0.48 -13% 1% -9% 20% -4% $ 229,200,073.92 RRL Regis Resources 4.21 -5% -9% 40% 120% 65% $ 3,295,303,277.44 M24 Mamba Exploration 0.015 15% 7% -12% 25% 25% $ 4,722,649.76 TRM Truscott Mining Corp 0.052 6% 6% -37% -13% -33% $ 10,175,805.12 TNC True North Copper 0.36 -8% 3% -12% -93% -88% $ 49,042,373.38 MOM Moab Minerals Ltd 0.0015 50% 50% -25% -70% -25% $ 2,811,999.05 KNB Koonenberrygold 0.05 4% 67% 138% 213% 317% $ 54,328,777.15 AWJ Auric Mining 0.175 -3% 3% -44% -20% -49% $ 33,476,598.36 ENR Encounter Resources 0.28 -2% 19% 4% -56% -14% $ 137,167,887.73 SNG Siren Gold 0.053 4% 10% -4% -24% -18% $ 11,824,412.89 STN Saturn Metals 0.415 1% 19% 77% 118% 102% $ 197,653,895.46 USL Unico Silver Limited 0.455 3% 72% 133% 160% 133% $ 194,884,970.98 PNM Pacific Nickel Mines 0.024 0% 0% 0% 0% 0% $ 10,103,834.52 AYM Australia United Min 0.002 0% -33% 0% -33% -50% $ 3,685,154.97 HAV Havilah Resources 0.19 9% 9% -10% -7% -16% $ 64,458,696.24 SPR Spartan Resources 2.13 10% 5% 47% 63% 51% $ 2,847,436,934.76 PNT Panthermetalsltd 0.0095 -14% -37% 6% -62% -14% $ 2,858,593.21 MEK Meeka Metals Limited 0.14 4% -3% 27% 250% 82% $ 437,355,775.50 GMD Genesis Minerals 3.92 -1% -13% 28% 81% 59% $ 4,623,941,553.13 PGO Pacgold 0.064 2% -2% -16% -53% -15% $ 10,496,923.90 FEG Far East Gold 0.165 -11% 3% -6% -8% -8% $ 62,394,667.01 MI6 Minerals260Limited 0.11 -4% -4% -15% -31% -15% $ 227,406,666.63 IGO IGO Limited 5.36 11% 33% 2% -3% 12% $ 4,058,955,477.68 GAL Galileo Mining Ltd 0.165 3% 57% 6% -6% 32% $ 30,631,863.69 RXL Rox Resources 0.315 7% 15% 37% 142% 58% $ 238,911,961.28 PTN Patronus Resources 0.065 -3% -4% 14% 14% 33% $ 111,343,050.67 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% 0% $ 3,017,699.21 TGM Theta Gold Mines Ltd 0.185 3% 32% 16% 42% 3% $ 167,649,324.30 FAL Falconmetalsltd 0.48 -5% 300% 256% 43% 317% $ 83,378,940.00 SPD Southernpalladium 0.645 10% 17% 29% 70% 8% $ 71,656,500.00 ORN Orion Minerals Ltd 0.01 0% 0% -29% -44% -33% $ 72,816,360.69 TMB Tambourahmetals 0.024 14% 4% -4% -46% 14% $ 4,302,377.14 TMS Tennant Minerals Ltd 0.006 -14% 0% -48% -70% -33% $ 7,461,232.91 AZY Antipa Minerals Ltd 0.565 2% -20% 71% 414% 117% $ 375,379,026.44 PXX Polarx Limited 0.01 18% 43% 11% -23% 54% $ 21,379,508.80 TRE Toubani Res Ltd 0.32 -4% 10% 137% 56% 88% $ 84,910,634.49 AUN Aurumin 0.105 6% 5% 64% 169% 59% $ 52,107,315.12 GPR Geopacific Resources 0.028 4% 27% 27% 31% 40% $ 89,109,029.13 FXG Felix Gold Limited 0.175 3% 30% 40% 265% 108% $ 74,610,077.87 ILT Iltani Resources Lim 0.23 21% 5% 5% 10% 12% $ 15,166,384.46 BRX Belararoxlimited 0.08 33% 33% -54% -67% -54% $ 12,959,918.16 TM1 Terra Metals Limited 0.066 10% 40% 128% 12% 136% $ 31,063,302.79 TOR Torque Met 0.23 15% 70% 297% 77% 334% $ 134,277,172.49 ARD Argent Minerals 0.023 5% 10% 28% 35% 35% $ 33,261,231.04 LM1 Leeuwin Metals Ltd 0.14 0% 8% 17% 71% 0% $ 14,112,893.76 SX2 Southgold Consol 5.7 -5% -26% 54% 0% 0% $ 829,044,349.56 UVA Uvrelimited 0.135 4% 57% 59% 35% 52% $ 24,076,000.13 VTX Vertexmin 0.21 -9% -19% -33% 169% 1% $ 44,379,912.94 Peregrine Gold (ASX:PGD) was among the top movers in the junior gold space, though the Mark Creasy-backed owner of the Newman gold project was largely running on the discovery of a high grade channel iron deposit on its ground. The project sits just 2km from BHP's Western Ridge and 13km from its Mt Whaleback deposit. First Au (ASX:FAU) lifted after starting a 3000m diamond drill program following mapping at its Nimba gold project in Liberia.
News.com.au
6 hours ago
- News.com.au
Resources Top 5: Albion Resources skyrockets on 12 for 12 gold hits at Yandal West
Results of up to 11m at 20g/t gold validate ALB's belief in the prospectivity of Yandal West. KFM acquires portfolio of copper-gold, gold and silver-lead-zinc projects in NSW EM surveying reveals multiple conductive plates at the Oval copper-nickel project in Mongolia Your standout small cap resources stocks for Friday, July 25, 2025 Albion Resources (ASX:ALB) Gold hits from all 12 holes of a program targeting the Collavilla prospect at the Yandal West project in WA have seen Albion Resources rocket to a three-year high of 16c, an advance of 132% on the previous close with almost 49m shares changing hands. The shallow RC drilling results of up to 11m grading 20g/t gold from a down-hole depth of 17m including 5m at 38.9g/t gold in hole ALBRC006 validate ALB's belief in the prospectivity of Yandal West. Other strong results were: 12m at 1.3g/t gold from 4m including 1m at 6g/t gold in ALBRC007); and 9m at 1.6g/t gold from 11m including 6m at 2.3g/t gold in ALBRC009. These holes had an average drill depth of about 44m and tested a 100m by 100m area within the Ives Find prospective granite intrusive covering more than 4km by 750m. Additionally, drilling to follow up on a historical intersection of 3m at 15g/t gold has been completed with assays pending. The company's maiden RC drill program is testing the high priority Collavilla, Collavilla East, Collavilla West and Barwidgee Central gold targets with 28 holes totalling 1871m completed to date. 'This is a phenomenal start to our drilling at Collavilla. Every completed hole has intersected gold, including a standout 11m at 20.0g/t from just 17m depth,' chief executive officer Peter Goh said. 'These shallow, high-grade results confirm the presence of a gold system and we've only tested a small portion of the broader Ives Find footprint, which spans 4km by 750m. 'With assays still pending and a detailed gravity survey underway to refine targets, Albion is building strong momentum as we work to understand the scale of this system. 'This quarter is shaping up to be a transformational one with the gravity survey nearing completion and our fully funded RC campaign set to recommence early August.' Yandal West sits within the Yandal Belt, an underexplored region in WA that fuels more than 500,000ozpa of gold production for Northern Star Resources (ASX:NST). Kingfisher Mining (ASX:KFM) The acquisition of a portfolio of copper-gold, gold and silver-lead-zinc projects in prolific mining areas of NSW has seen Kingfisher Mining (ASX:KFM) jump 70.22% to a 2025 high of 8c. The company has entered into a binding agreement with Austin Metals to acquire the early stage to advanced exploration projects in the Broken Hill, Cobar and the Macquarie Arc regions. In the Broken Hill area they include Copper Blow iron oxide copper gold (IOCG) project, Yalcowinna copper-cobalt prospects and the Broken Hill West silver-lead-zinc prospects. Cobar assets include the Tindery gold and base metal project that hosts a cluster of small historical gold workings with limited drilling. In the Macquarie Arc the company will secure the Wellington copper project, where the key asset is the Willunga prospect, 15km from the Boda/Kaiser porphyry-copper deposit of Alkane Resources. Copper Blow, which hosts high-grade copper-gold mineralisation defined by historical drilling over 600 metres of strike, is the most advanced. Historical results include: 16m at 2.67% Cu, 0.62 g/t Au and 4.04 g/t Ag from 133m; 4m at 6.13% Cu, 4.23 g/t Au and 12.93 g/t Ag from 188m; 7m at 3.7% Cu, 1.07 g/t Au and 5.5 g/t Ag from 126m; and 4m at 3.48% Cu, 2.39 g/t Au and 5.9 g/t Ag from 177m. At Broken Hill West multiple silver-lead-zinc prospects are associated with historic mines. Drilling in 2011 at Allendale returned: 10m at 16.1% Pb+Zn and 29 g/t Ag from 15m; 2m at 19.9% Pb+Zn and 39.2 g/t Ag from 47m; and 2m at 13.8% Pb+Zn and 51.1 g/t Ag from 117m KFM said the acquisition represented significant value for Kingfisher shareholders, with total consideration of $200,000 in cash and $200,000 in shares to be issued to Austin. 'This acquisition represents a compelling exploration opportunity with access to a strategic asset portfolio, providing exposure to a pipeline of early stage and advanced, critical and precious metal targets located proximal to a number of world-class deposits in three proven mining districts in NSW, whilst still providing the option value on the Gascoyne rare earth project in Western Australia," non-executive chairman Scott Huffadine said… possibly while breathing through his ears. To fund exploration, KFM is conducting a capital raising of $1.85m through a placement to sophisticated and professional investors at 4c per share and a subsequent non-renounceable entitlement issue to eligible shareholders. Asian Battery Metals (ASX:AZ9) Ground-based EM surveying has revealed multiple conductive plates aligning with known structures at the Oval copper-nickel project in Mongolia, lifting the confidence of Asian Battery Metals ahead of more drilling. There have been 29 conductive plates identified at four distinct areas at just the halfway point of AZ9's SAMSON electromagnetic program. AZ9 MD Gan-Ochir Zunduisuren said the ongoing EM survey had delivered what the company hoped for – multiple shallow, coherent conductors that coincide with existing geological and geophysical datasets. 'These represent some of our most compelling targets to date, and we're excited to test them with drilling over the coming weeks,' he said. 'The SAMSON EM program has been expanded and will now focus on deeper zones and nearby structures similar to the Oval copper-nickel discovery.' AZ9 aims to restart drilling in August, with FLEM and MLEM surveys ongoing until mid-August. (Up on no news) Assays are expected shortly from a first phase of drilling at the Eastern Hills antimony/gold prospect within the Mt Clement project in WA's Ashburton Basin… and Marquee Resources shares have meanwhile increased 67% to a high of 1.5c. Seven RC holes were drilled for 1,346m in a program extended from the original plan as MQR seeks to confirm strike and depth extensions to historical mineralisation and identify new mineralised structures. 'We are highly encouraged by the technical outcomes from our first phase of drilling at Mt Clement,' executive chairman Charles Thomas said. 'Samples from the completed drilling have been submitted to ALS Laboratories for analysis and the results will be instrumental in refining our targets for the fully permitted phase 2 drilling program.' The company has received a A$469,095 cash rebate from the Federal Government's R&D Tax Incentive program in respect of eligible research and development expenditure for the year ended June 30, 2024. Diablo Resources (ASX:DBO) (Up on no news) With copper in its sights at the Phoenix project along strike from a producing mine in Utah, Diablo Resources increased 33.33% to 2c. Earlier in July the company completed a placement to professional, experienced and sophisticated investors raising $396,000 before costs. The placement at 1.2c per share included one free attaching option for every two new shares. The options, which are subject to shareholder approval, will be exercisable at 2.4c each expiring three years from the date of issue. Funds will support RC drilling at Phoenix, along strike from the producing 276Mlb Lisbon Valley copper mine. The approved drill program will begin as soon as practicable and target the Trenton and Philadelphia prospects. Sampling at Trenton along ~1.8km averaged 2.79% Cu and ranged from 0.28% to 8.21% Cu while at Philadelphia sampling over 750m averaged 6.29% Cu and ranged from 0.5% Cu to 45.7% Cu and 219 g/t silver. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. At Stockhead we tell it like it is. While Albion Resources and Asian Battery Metals are Stockhead advertisers, they did not sponsor this article.
