News

28 August 2025 | Subiaco, WA – Cyprium Metals (ASX:CYM) has unveiled plans to raise approximately A$80 million (A$74m placement plus a fully underwritten A$6m entitlement offer at A$0.028/share) to accelerate the restart of the Nifty Copper Complex in WA’s Paterson Province and unlock a long-life open pit sulphide operation alongside near-term cathode production from existing leach pads.

Why it matters

• Brownfields advantage: Nifty is a former prolific producer with two processing plants on site (SX-EW cathode and 3.0Mtpa concentrator) that require refurbishment rather than greenfield build-out.
• Early cashflow route: Cyprium plans to reprocess the above-ground heap leach pads for early cathode production while advancing the concentrator restart and a new surface mine.
• Scale in reserve and resource: Surface-mineable Reserve 83Mt @ 0.90% Cu (753kt Cu); heap leach pads contain ~91kt Cu; broader Nifty open-pit resource totals ~1.04Mt contained Cu.
• Regional upside: Nearby Maroochydore hosts 370.8Mt @ 0.43% Cu (1.595Mt Cu) with a 106.3Mt @ 0.67% Cu higher-grade domain—potential satellite feed to Nifty’s concentrator.
• Economics: The November 2024 PFS outlined a ~A$1.1bn pre-tax NPV (US$4.25/lb Cu, 0.71 FX).

Use of funds and work program
Proceeds will support cathode refurbishment/finance and sanction, concentrator BFS and mine development, plus permitting and key partnerships. Cyprium’s 2024–2026 workstream shows cathode feasibility, financing and contracts advancing now, followed by cathode refurbishment/restart in 2026, alongside concentrator BFS and mine build activities.

Capital and ownership snapshot
As at 25 August 2025: Market cap A$61.9m, cash A$16.2m, senior debt A$42.3m (maturity Sep-2028) and A$36.0m convertible notes (redemption Mar-2028). Top holders include Flat Footed (19.9%) and Paradice (8.0%).

27 August 2025 | Subiaco, WA – Forrestania Resources (ASX:FRS) has secured firm commitments for $8.61 million via a placement of 42 million new shares at $0.205, struck at a 21.7% premium to the 10-day VWAP and 22.5% premium to the 5-day VWAP (as at 26 August 2025 close). The raise attracted strong support from existing holders alongside new institutional and sophisticated investors, with Bell Potter acting as Lead Manager.

Use of funds (key allocations):

• Hyden tenure: ~$1.33m for 15,000m drilling and metallurgical testwork

• British Hill: ~$1.20m to upgrade resource to Measured status

• Lady Lila: ~$585k for drilling and metallurgical testwork

• Bonnie Vale: ~$500k for drilling and metallurgical testwork

• Hyden & North Iron Cap acquisition + raising costs: ~$5.0m

New shares will be issued under Forrestania’s existing placement capacity (Listing Rule 7 and 7.1A). Proceeds will strengthen the balance sheet and fund resource growth, drilling and metallurgy across Forrestania’s recently expanded gold portfolio (Forrestania, Bonnie Vale, Southern Cross/Eastern Goldfields).

Chairman David Geraghty said the premium placement is a “strong endorsement of the Company’s gold projects at Forrestania and Bonnie Vale,” adding that the funds will ensure Forrestania is well-funded to undertake further gold exploration programmes at those areas.

26 August 2025 | Cloncurry, QLD – True North Copper (ASX:TNC) has confirmed a major step-out at its Aquila Cu-Co-Ag discovery within the Mt Oxide Project, with an infill and extension IP survey growing the geophysical trend from ~250m to >1.3km and defining multiple drill-ready targets. RC drilling is underway.

Key points

• Discovery footprint enlarged: New IP work outlines a continuous chargeability/conductivity corridor now exceeding 1.3km strike, coincident with surface copper-cobalt-silver mineralisation.

• Three parallel trends defined: Aquila, Apollo and Acanthis show high-order IP responses, several comparable to or stronger than the anomaly that led to the Aquila discovery.

• Follow-up drilling in motion: First-pass RC completed at the southern Apollo trend; systematic step-out drilling being planned along strike and at depth on the Aquila trend. Assays from recent Cloncurry programs are pending.

• High-grade reference hits at Aquila (July):

  • 145m @ 0.75% Cu, 0.12% Co, 2.9 g/t Ag from 28m, incl. 53m @ 1.18% Cu (MOX232)

  • 30m @ 2.45% Cu from 20m, incl. 10m @ 5.31% Cu (MOX233)

  • 16m @ 1.25% Cu from 163m (MOX231).

• District scale emerging: Aquila sits ~4km from TNC’s Vero resource (15.03Mt @ 1.46% Cu; 9.15Mt @ 0.23% Co), reinforcing Mt Oxide as a developing multi-deposit copper hub.

Managing Director Bevan Jones said the rapid follow-up has transformed Aquila from a single anomaly into a “potential multi-kilometre-scale copper-cobalt-silver system,” adding that the data-driven approach used to make the discovery is now guiding an aggressive, systematic drilling program across the newly defined extensions.

Next steps

• Complete pad preparation and permitting to step-out test high-priority IP targets north and south of the discovery zone, with initial holes up to ~200m depth.

• Integrate 3D IP models, mapping and geochem to refine ore-shoot positions; continue RC drilling and consider deeper follow-ups as results are received.

25 August 2025 | South Australia – Havilah Resources (ASX: HAV) has reported its widest mineralised intercept to date at the Mingary Mine prospect, returning 49m @ 0.69g/t Au and 0.33% Cu from 122m in hole MNRC013, including 9m @ 1.1g/t Au & 0.47% Cu from 126m and 7m @ 1.03g/t Au & 0.52% Cu from 157m. The hit comes from a 12-hole (1,764m) RC program across the Mingary Mine and Mingary East areas, ~16km south-west of the Mutooroo copper-cobalt-gold deposit.

The mineralised quartz-sulphide lode—flanked by a distinctive garnet-bearing alteration halo—was intersected in all recent holes around MNRC013 and remains open along strike and down dip. Havilah sees potential for supergene-enriched gold and copper up-dip of current intersections. A 3D model constructed from drilling shows >2km of lode continuity, with drilling to date defining ~3km of mineralised strike.

Technical Director Dr Chris Giles said the program “continues to set new milestones” at Mingary, noting the intersection width and lode continuity indicate potentially material volumes of sulphide ore feed for a future central processing hub at Mutooroo.

22 August 2025 | Perth, WA – Regis Resources (ASX:RRL) has delivered a sharply improved FY25 result on the back of higher gold prices and resilient operations, reporting $1.65bn revenue (+30%) and a $254m NPAT turnaround from last year’s loss. The Board has reinstated dividends with a fully franked 5c final dividend payable 6 October 2025 (record date 11 September 2025).

FY25 highlights

• Gold production: 373koz, near the top end of guidance; AISC $2,531/oz.

• EBITDA: $780m (+163% YoY); operating cash flow $821m (+73% YoY).

• Balance sheet: $517m cash & bullion at 30 June; debt repaid and unhedged; new $300m RCF in place.

• Safety & ESG: LTIFR 0.4; 61MW hybrid renewables completed at Tropicana.

Operations & growth

• Duketon (WA): Continued push to at least four underground mines, with Garden Well Main and Rosemont Stage 3 on track for first production in FY26; open-pit reserves at Duketon lifted to 640koz.

• Tropicana (30% JV): FY25 production 140koz (Regis share), AISC $2,039/oz; Havana Underground development progresses toward H2 FY27.

McPhillamys update (NSW)
Following the Commonwealth Section 10 cultural heritage declaration over part of the approved project area in FY24, Regis has withdrawn the McPhillamys DFS outcomes and 1.89Moz of Ore Reserves and commenced Federal Court proceedings while assessing alternative project configurations.

Comment
With a debt-free, unhedged balance sheet and advancing underground pipeline, Regis says it is positioned to grow long-life, high-margin ounces from Tier-1 jurisdictions while maintaining returns to shareholders.

20 August 2025 | Subiaco, WA – Brightstar Resources (ASX:BTR) has reported another round of strong assays from 87 RC holes (~11,000m) across the Sandstone Hub, extending shallow mineralisation at multiple deposits and prospects as part of its ~100,000m growth program underpinning a PFS due in 2026.

Standout results include:

• Musketeer: 8m @ 4.50g/t Au from 95m (incl. 1m @ 19.5g/t), 4m @ 4.85g/t from 99m, 5m @ 4.12g/t from 157m; infill hits of 4m @ 5.50g/t from 82m (incl. 1m @ 20.1g/t) and 6m @ 3.47g/t from 94m.

• Indomitable East: 26m @ 1.39g/t from 22m (incl. 1m @ 10.4g/t) and 4m @ 2.06g/t from 189m.

• Cessna: 6m @ 6.91g/t from 28m (incl. 4m @ 9.44g/t) and 9m @ 2.20g/t from 18m (incl. 1m @ 12.4g/t).

• Lord Henry / Lords Corridor: 3m @ 9.29g/t from 55m (incl. 1m @ 25.1g/t) and 4m @ 19.3g/t from 98m (incl. 1m @ 58.5g/t); plus 24m @ 1.14g/t from 16m (incl. 4m @ 3.77g/t).

• Duplex / Whistler (Montague): 2m @ 7.94g/t from 145m (incl. 1m @ 15.4g/t); 5m @ 2.71g/t from 154m (incl. 1m @ 9.93g/t); and 3m @ 3.10g/t from 30m (incl. 1m @ 6.26g/t).

Brightstar says the new results support material resource growth at several deposits while confirming broader prospectivity outside the current 1.5Moz @ 1.5g/t Au MRE. Following completion of the Aurumin merger now underway, Brightstar expects to control ~2.4Moz @ 1.5g/t Au in the Sandstone district. Rigs have temporarily shifted to the Menzies and Laverton hubs (Second Fortune, Fish, Yunndaga) before returning to Sandstone in early September, with ~100km of drilling planned in FY26.

Managing Director Alex Rovira said the assays “demonstrate the potential for material resource growth” as the company advances infill, geotechnical and metallurgical programs to keep the Sandstone PFS on schedule for Q2 2026.

Source: Brightstar Resources ASX release, 20 August 2025.

15 August 2025 | Perth, WA – Great Western Exploration (ASX:GTE) says a close-spaced ground gravity survey at the Oval and Oval South targets (Yerrida North Project, WA) has outlined a density high coincident with its most prospective VHMS horizon—interpreted as the potential central “black-smoker” zone of a large DeGrussa-style copper-gold system.

Key points

• 200m × 200m ground gravity has defined an anomalous high that aligns with the geologically modelled VHMS horizon previously identified in drilling.

• Company interprets Oval and Oval South as part of one mineralising system; prior drilling likely tested the fringes of multiple VHMS horizons.

• The anomaly sits at the intersection of the Ida Fault and a GSWA-interpreted growth fault, a favourable structural setting for VHMS mineralisation.

• A 750m diamond hole is designed to test the anomaly; GTE will apply for EIS co-funding, with outcomes expected in October 2025.

• GTE reports a $2.7m cash position at 30 June 2025, funding upcoming programs.

The Oval Targets lie adjacent to the DeGrussa and Monty VHMS deposits, with geochemistry, stratigraphy and pathfinder element associations supporting a VHMS environment within rocks correlated to the DeGrussa Formation.

Source: Great Western Exploration ASX announcement, “Yerrida North Project – Oval Targets: Gravity Survey Defines Potential Core of a Large VHMS Copper-Gold System,” 15 Aug 2025

4 August 2025 | Perth, WA – Genesis Minerals (ASX:GMD) has today unveiled its “Long Ore” growth strategy during the Diggers & Dealers 2025 conference, outlining a clear roadmap toward becoming Australia’s next mid-tier gold producer.

At the centre of the plan is the restart of operations at Leonora, where Genesis is executing a multi-stage transformation to consolidate and grow gold production across the region.

🔹 Key Highlights from the “Long Ore” Strategy:

• Production Restart on Track: Operations expected to recommence in mid-2026.

• Large-Scale Growth Plan: Targeting ~250koz annual production in the medium term.

• 300,000m Drill Program: One of Australia’s largest, focused on mine life extension and resource growth.

• Substantial Resource Base: ~15.5Moz gold inventory, with 3.5Moz in Reserves and 3.8Moz in M&I.

• Multiple Feed Sources: Including Admiral, Orient Well, Ulysses, Puzzle, Tower Hill, and the recently acquired Laverton assets.

Managing Director Raleigh Finlayson said:

“This is more than a restart — it’s a reimagination of Leonora’s gold potential. ‘Long Ore’ reflects our commitment to consistent, long-term growth supported by quality ounces.”

Genesis is advancing open pit and underground approvals across multiple deposits and has commenced infrastructure upgrades including shaft refurbishment, a new paste plant, and ventilation raises.

With a strong balance sheet, robust reserves, and infrastructure already in place, Genesis is positioned to deliver long-life, high-margin gold production in the heart of the Eastern Goldfields.

31 July 2025 | Perth, WA – Catalina Resources (ASX:CTN) has today announced the commencement of its maiden drilling campaign at the Laverton Gold Project, marking a significant milestone for the newly listed explorer.

The ~2,500m aircore program will target multiple gold and nickel anomalies across the Rum Punch and Whisky prospects, including:

• A 5km gold-in-soil anomaly at Whisky, supported by historical RAB drilling

• Magnetic signatures interpreted as ultramafic rocks with nickel sulphide potential

• Structural trends near known gold workings within the Laverton tectonic zone

The campaign builds on historical data from Metex and other past operators, with Catalina aiming to verify previous intercepts and identify new mineralised systems.

Managing Director Daniel Smith commented:

“We’re excited to hit the ground running so soon after listing. Laverton sits in a proven gold district with untapped potential, and this program is the first step in unlocking value.”

Catalina listed on the ASX in May and is fully funded to pursue early-stage exploration across both Laverton and its Gascoyne lithium project, where fieldwork is expected to commence later this quarter.

With assays expected from the Laverton drilling in Q3, Catalina is rapidly progressing toward defining new gold and base metal targets in one of WA’s most prolific belts.

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.