News

1 July 2025 | West Perth, WA – Future Battery Minerals (ASX: FBM) has uncovered six broad surficial gold anomalies at its 100%-owned Burbanks East Project, part of the Coolgardie Gold Project in Western Australia, confirming significant untested potential near established gold operations.

A review of historical drilling and surface data revealed shallow, high-grade intercepts, including:

• 8m @ 3.37g/t Au from 32m (KSC3339)

• 6m @ 1.84g/t Au from 44m (KSC3336)

• 10m @ 0.9g/t Au from 36m, including 2m @ 3.1g/t Au (LEB122)

• 3m @ 4.57g/t Au from 28m (KSC3314)

A litho-structural review integrating geophysical data is underway to refine targets, with results expected in July 2025. The Company is also preparing an RC drilling program at the nearby Miriam Project, set to begin this month.

MD Nick Rathjen commented:

“We’ve grown Burbanks East five-fold in a month and identified six large gold anomalies, adding exciting upside to our Coolgardie Project.”

FBM holds over 75km² in the region and maintains a strong balance sheet of A$7.4 million in cash with zero debt, positioning it to advance both gold and lithium exploration programs.

30 June 2025 | Perth, WA – Brightstar Resources (ASX:BTR) and Aurumin Limited (ASX:AUN) have entered into active merger discussions aimed at consolidating their tenement holdings in the Sandstone region of Western Australia into a single, large-scale gold project.

The proposed combination would merge the companies’ assets into a ~2.4Moz gold resource base, creating one of the most significant near-term gold development opportunities in WA’s Goldfields. The two boards have agreed on non-binding indicative terms for a scheme of arrangement under which Brightstar would acquire Aurumin for scrip consideration, offering 1 Brightstar share for every 4.6 Aurumin shares.

Based on Brightstar’s 20-day VWAP of $0.54 per share, the deal implies:

• An Aurumin share value of $0.117,

• A 17% premium to Aurumin’s 27 June 2025 closing price, and

• A 26% premium to Aurumin’s 20-day VWAP.

Key potential benefits of the merger include:
✅ De-risking and accelerating the development of the consolidated Sandstone Gold Project
✅ Greater certainty for new regional infrastructure
✅ Unlocking exploration and operational synergies

The combined entity would control granted mining leases hosting major deposits such as Montague-Boulder, Whistler, Lord Nelson, and Two Mile Hill, positioning the Sandstone Gold Project as a standout regional opportunity.

The companies emphasised that the transaction remains subject to satisfactory mutual due diligence, execution of a scheme implementation deed, and other customary conditions. There is no certainty a transaction will proceed, and shareholders are advised no immediate action is required.

Both companies’ boards have approved the announcement and committed to updating shareholders on any material developments.

17 June 2025 | Perth, WA – Cazaly Resources (ASX:CAZ) has commenced RC drilling at the Duke of York prospect, marking the first phase of exploration at its recently acquired Goongarrie Gold Project, 90km north of Kalgoorlie in Western Australia’s Eastern Goldfields.

The initial 2,000m drill campaign targets historic workings and will validate previous high-grade intercepts, including:

• 13m @ 3.5g/t Au

• 8m @ 10.7g/t Au

The prospect lies along the Bardoc Tectonic Zone, a fertile structure associated with major deposits throughout the Kalgoorlie region. The drilling will inform follow-up programs targeting mineralisation along strike and down plunge.

Managing Director Tara French commented:

“This is the first of many gold targets we plan to test across the district. Our team has moved quickly—just three months from option execution to drilling—and we’re excited to see what lies beneath these historical workings.”

The Duke of York and adjacent Star of Goongarrie prospects are localised within a structurally complex zone with strong geological potential. Historical work by Red Back Mining and Metaliko Resources highlighted the presence of oxide gold, but Cazaly’s campaign is the most substantial to date.

Goongarrie covers 70km² of greenstone stratigraphy along a 12km stretch of the BTZ. The area has seen renewed interest following recent high-grade hits at Gorilla Gold’s nearby Lakeview prospect (e.g. 96m @ 2.5g/t Au), confirming the region’s potential.

With drill rigs turning and approvals in place, Cazaly is positioning itself to rapidly define shallow, high-grade gold mineralisation across a historically underexplored district.

16 June 2025 | Perth, WA – Nimy Resources (ASX:NIM) has reported standout results from the first four holes of its Phase 2 drilling program at the Block 3 Gallium Project within the broader Mons Belt in Western Australia. These results confirm the project's high-grade potential and highlight the emerging significance of this critical mineral discovery.

Drill highlights include:

• NRRC137:

  • 240m @ 55g/t Ga₂O₃

  • 56m @ 101g/t Ga₂O₃ from 60m

  • 1m @ 285g/t Ga₂O₃ from 115m

• NRRC136:

  • 240m @ 57g/t Ga₂O₃

  • 20m @ 102g/t Ga₂O₃ from 40m

  • 1m @ 376g/t Ga₂O₃ from 117m

• NRRC135: 240m @ 30g/t Ga₂O₃

• NRRC134: 240m @ 37g/t Ga₂O₃ with 8m @ 108g/t Ga₂O₃ from 144m

All four holes intercepted mineralisation from surface to the end-of-hole depth (240m), with gallium remaining open in all directions. The results have extended the high-grade footprint well beyond the current exploration target.

Phase 3 drilling is nearing completion, with assays from the remaining Phase 2 and 12 additional Phase 3 holes expected shortly. The company plans to deliver a maiden JORC resource in the December quarter.

Managing Director Luke Hampson said:

“These results give us confidence in targeting a substantial high-grade gallium resource. We are defining a globally significant project capable of helping meet Western demand for this critical metal.”

Nimy is also assessing outcropping chlorite schist zones, which host the gallium mineralisation and extend beyond the known areas, further boosting exploration potential.

With gallium listed as a critical mineral for electronics and defence, Nimy’s Block 3 is rapidly positioning itself as a strategic supply opportunity for global markets.

16 June 2025 | Perth, WA – Black Cat Syndicate (ASX:BC8) has unveiled a bold move in its gold strategy, announcing it has built up $24 million (~4,500oz) in physical gold bullion, with plans to maintain a minimum of $20 million (~4,000oz) in dedicated gold storage moving forward.

As production ramps up across its WA operations—including Paulsens, Kal East, and the planned restart at Coyote—the company’s decision to retain gold highlights a growing confidence in the long-term value of bullion over cash reserves.

“It is hard to justify producing a safe haven asset like gold and then converting it into an asset losing its purchasing power in cash,” said Managing Director Gareth Solly.

Black Cat’s strategy is a rare play on gold exposure. By holding gold as inventory and valuing it conservatively, the company allows investors to gain unhedged leverage to bullion and its growing 2.5Moz Resource base. Profits will only be taxed when gold is sold, enhancing capital flexibility.

Upcoming Milestones:

• Kal East surface drilling: June–July

• Myhree/Boundary open-pit mining: June–October

• Paulsens underground & regional drilling: June–September

• Coyote and Mt Clement exploration continuing through Q3

With visible gold in core, gold in stockpiles, and gold in circuit and bullion, Black Cat is truly covering the full spectrum of the gold production cycle.

11 June 2025 | West Perth, WA – Lunnon Metals (ASX: LM8) has intersected shallow, high-grade nickel sulphides in its first underground drilling at the Baker deposit, part of the Kambalda Nickel Project in WA. The results confirm system continuity and provide a strong platform for future mine planning.

Key results from the new underground program include:

• 3.72m @ 3.68% Ni from 23.5m

• 0.76m @ 6.21% Ni from 29.2m

• 1.01m @ 4.38% Ni from 35.0m

These are the first-ever drill intercepts from underground at Baker, validating the geological model and confirming mineralisation starts within 25m of the decline.

In addition, surface drilling at East Baker has returned:

• 6.45m @ 2.79% Ni from 225.1m, including

• 2.05m @ 6.32% Ni from 225.1m

MD Ed Ainscough said:

“We are encouraged by these early underground hits and the potential extensions at East Baker. We’re now in a great position to refine the mining strategy as development progresses.”

Development of the Baker boxcut and decline began earlier this year. Lunnon continues to target first ore from Baker in 2025, supporting its vision to become the next operating nickel miner in Kambalda.

Gorilla Gold (ASX: GG8) has reported exceptional new results from its maiden drilling campaign at the Mulwarrie Project in WA’s Eastern Goldfields, significantly expanding the known mineralised footprint and confirming the discovery of two high-grade parallel gold lodes.

Key intercepts include:

• 4m @ 29.3 g/t Au (MWEX064) between existing resource zones

• 10m @ 5.2 g/t Au (MWEX056) in a newly identified lode 200m east

• 7m @ 12.9 g/t Au (MWEX013a) from re-split samples

• 4m @ 6.6 g/t Au (MNEX009), located 1km north of existing mineralisation

With a current JORC resource of 78koz @ 2.8 g/t Au, Mulwarrie’s strike has now extended to 2.5km and remains open in all directions. Three rigs are active at site, and Gorilla aims to deliver a material resource update in Q3 2025.

Exploration and permitting activities are also ramping up across the broader Comet Vale project, including Lakeview, where up to six rigs are expected to be turning in the coming weeks.

CEO Charles Hughes described the discovery as “a very successful maiden drilling program,” noting the substantial upside potential and growth across multiple parallel structures.

Gorilla Gold’s strategic positioning near operational mills, combined with its aggressive drilling campaign, places the company in a strong position to deliver resource growth and further high-grade discoveries in 2025.

28 May 2025 | Perth, WA – Black Cat Syndicate (ASX:BC8) has delivered promising drilling results and infrastructure updates from its Paulsens Gold Operation, where pre-production activities are accelerating ahead of a planned restart in Q4 2025.

Drilling at the nearby Electric Dingo prospect has intersected wide gold zones, enhancing the pipeline of open pit feed options to complement underground production from Paulsens Main Lode.

Drilling highlights at Electric Dingo:

• 55m @ 0.96g/t Au from 0m (EDD23022)

• 22m @ 1.09g/t Au from 1m (EDD23019)

• 8m @ 1.13g/t Au from 63m (EDD23018)

Black Cat now believes Electric Dingo has the potential to deliver high-tonnage, low-strip oxide feed, with a Mineral Resource Estimate update planned for mid-year.

Meanwhile, site refurbishment is well advanced, with the following key milestones:

• Processing plant commissioning scheduled for Q4 2025

• Accommodation village, camp kitchen, and communications infrastructure upgrades underway

• Dewatering of the Paulsens underground workings has commenced

• Revised underground mine plan due shortly

MD Gareth Solly commented:

“We’re on track to restart Paulsens in Q4. Electric Dingo has emerged as a strong satellite feed source, helping us build a robust start-up plan with multiple ore sources.”

Paulsens was previously a high-grade gold producer (902koz at 7.3g/t) and is now being rapidly progressed toward a new production phase under Black Cat’s ownership.

Petratherm Limited (ASX: PTR) has announced exceptional initial results from its April drilling campaign at the Rosewood heavy mineral sands (HMS) prospect, part of the Muckanippie Project in South Australia's northern Gawler Craton.

The first 10 holes returned some of the highest-grade heavy mineral intercepts to date, extending the mineralised zone a further 1.6km northwards. This marks a major advancement, pushing the confirmed mineralised corridor at Rosewood East to at least 3.6km in length, with mineralisation still open to the north.

Key intercepts include:

• 26m @ 17.2% HM from 7m, including 6m @ 36.4% HM (25RW002)

• 32m @ 11.1% HM from 10m, including 3m @ 22.7% HM (25RW003)

• 15m @ 11.5% HM from 6m, including 5m @ 20.9% HM (25RW004)

• 8m @ 13.1% HM from 6m, including 4m @ 20.5% HM at the northernmost hole (25RW010)

Importantly, these results build on previous success, further confirming widespread, shallow, high-grade mineralisation across a footprint now exceeding 15km².

Petratherm CEO, Peter Reid, noted:

“These results highlight the impressive scale and continuity of high-grade mineralisation at Rosewood. We look forward to the remaining 63 assays from Phase 2 and initiating the next phase of step-out drilling in coming weeks.”

Bulk sampling and metallurgical test work are underway to assess the project’s commercial potential, with initial product generation expected soon.

The Muckanippie Project is emerging as a standout HMS discovery, with Petratherm’s aggressive exploration strategy delivering strong early success in its search for titanium-rich heavy mineral sands.

Meeka Metals Limited (ASX: MEK) has delivered another set of strong drilling results from its Turnberry deposit within the Murchison Gold Project, WA. The company has intersected shallow, high-grade gold south of the existing Stage 1 Turnberry Central open pit, reinforcing the project's growth potential.

Key highlights from the recent RC drilling program include:

• 10m @ 5.20g/t Au from 37m, including 2m @ 23.23g/t Au (25TBRC009)

• 1m @ 15.83g/t Au from 61m

• 16m @ 1.39g/t Au from 34m, including 7m @ 2.25g/t Au

• 5m @ 2.68g/t Au from 55m, including 1m @ 10.33g/t Au

These results extend mineralisation 200m south of the current pit and highlight the potential to expand Meeka’s production plans. The new data will feed into an ongoing re-evaluation of the Stage 1 pit design, which may now extend beyond the originally planned ~2 years.

Drilling is continuing at Turnberry South, where a new ore zone was recently defined. The company remains on track to commission its processing plant in June 2025, with first gold production targeted shortly after.

Managing Director Tim Davidson commented, “It is apparent from the broad zones of shallow high-grade gold in this drilling that we have far more oxide gold than contemplated in the DFS. It highlights the opportunity to organically grow the production plan.”

Meeka’s Murchison Gold Project hosts a 1.2Moz resource and is fully permitted, with open pit mining underway and site infrastructure nearing completion.