🔥 Wednesday 5 February 2025 Wed, 5 Feb 2025

Canyon Resources announces Peter Secker as new CEO, signaling a strategic shift as the company advances its Minim Martap bauxite project toward production.

Inca Minerals has entered a binding agreement to acquire Stunalara Metals via an off-market takeover bid, aiming to expand its portfolio with high-grade gold and antimony exploration assets in North Queensland and beyond.

Audeara Limited has landed a significant US$917,000 follow-up purchase order from a global music instrument manufacturer, reinforcing the commercial viability of its hearing technology and expanding its licensing footprint.

Sunrise Energy Metals has updated its Syerston Scandium Project Mineral Resource Estimate, confirming a substantial global resource and planning a targeted drilling campaign to expand high-grade zones. The company is advancing product development with key partners amid growing demand for scandium in strategic sectors.

Green Technology Metals (GT1) is progressing its lithium conversion facility in Ontario, with pilot testing underway and a pre-feasibility study due in April 2025. The project aims to establish Ontario's first vertically integrated lithium concentrates and chemicals business, leveraging a strategic partnership with EcoPro.

Cyprium Metals has significantly upgraded the mineral resource estimate for its Maroochydore Copper-Cobalt Project, revealing a large, near-surface copper sulphide system with 1.6 million tonnes of contained copper. This positions Maroochydore as a promising medium-term expansion opportunity alongside the nearby Nifty Copper Complex.

Red Hawk Mining has issued a supplementary target's statement endorsing FMG’s increased $1.20 per share takeover offer, with FMG now holding a commanding 78% stake. The directors urge shareholders to accept the offer ahead of the March 3 closing date, citing the absence of superior proposals.

Fortescue Ltd has increased its takeover offer for Red Hawk Mining to $1.20 per share after securing acceptance from major shareholders, pushing its stake to approximately 78%. This move triggers the offer’s increased price condition and sets the stage for Red Hawk’s likely delisting from the ASX.

Kelly Partners Group Holdings Limited reported a robust 22.8% revenue increase to $64.9 million in the first half of 2025, underpinned by strategic acquisitions and international expansion, particularly in the US market.

Aruma Resources has confirmed a compelling exploration model for its Cypher Uranium Prospect in South Australia, positioning it as a priority target amid a surging uranium market. The company plans a systematic exploration program to unlock the prospect’s potential.

Strickland Metals has reported multiple high-grade gold intercepts from its Gradina Prospect in Serbia, confirming extensive mineralisation and paving the way for a maiden Mineral Resource Estimate later this year.

Kelly Partners Group Holdings Limited posted a robust half-year result ending December 31, 2024, with revenues climbing 22.8% to $64.9 million and profits attributable to owners rising 27.6% to $2.5 million, driven by strategic acquisitions and organic growth.

SportsHero has secured a two-year deal with Indonesia’s third-largest telco, XL Axiata, to market its iGV Family Game Pass, leveraging Direct Carrier Billing to tap into 8.3 million PC gamers. This partnership positions SportsHero at the forefront of Southeast Asia’s rapidly growing esports sector.

Meteoric Resources reports exceptional rare earth element grades and enriched magnetic rare earth oxides at its Agostinho Prospect in Brazil, signaling a potential expansion of its Caldeira Project resource base.

Brightstar Resources has reported compelling high-grade gold intercepts from its 2024 diamond drilling at the Lord Byron deposit, reinforcing the potential for expanded mining operations at Jasper Hills.

James Bay Minerals reports standout Phase 1 drilling results at its Independence Project in Nevada, revealing gold grades more than double previous estimates and a significant 520m mineralisation extension. The company is gearing up for a promising Phase 2 drill campaign in 2025 targeting high-grade zones at Rebel Peak.

Neometals Ltd has launched its maiden gold drilling program at the Barrambie Gold Project in Western Australia, marking the first such effort in two decades. The program aims to validate historic high-grade gold mineralisation and explore new targets within a richly prospective greenstone belt.

Aurumin Limited announces a significant 33% increase in its Plum Pudding gold resource at the Central Sandstone Project, supported by encouraging recent drilling results that reinforce the project's potential for future gold production.

Lunnon Metals has launched a co-funded diamond drilling program at its high-potential Defiance West target near the historic Victory-Defiance Gold Mine, aiming to unlock new gold mineralisation in a previously untested area.

Sipa Resources is set to launch its first exploration programs on newly acquired gold projects in South Australia and Western Australia, while recent drilling at Skeleton Rocks reveals promising nickel-cobalt-chrome mineralisation.

Magnum Mining and Exploration Limited has launched a $1.9 million non-renounceable entitlement offer to fund its key projects, alongside significant board changes aimed at conserving cash.

FMR Resources has refined its geophysical targets at the Demoiselle prospect within the Fairfield Copper Project, confirming significant copper mineralisation and gearing up for a maiden drill program starting mid-February 2025.

Westar Resources has secured heritage approvals and is set to begin a targeted RC drilling program at the Mindoolah Gold Mining Centre, aiming to unlock high-grade gold deposits beneath historic workings. Following this, drilling will focus on a compelling geophysical anomaly at the Mageye Prospect.

Piedmont Lithium reported record Q4 2024 shipments of spodumene concentrate, modestly exceeding guidance, while preparing to merge with Sayona Mining to consolidate North American lithium operations.