🔥 Friday 3 October 2025 Fri, 3 Oct 2025

Theta Gold Mines has withdrawn its Base Case production target from its recent feasibility study due to reliance on an inferred mineral resource, raising questions about the reliability of its forward-looking projections.

Equity Story Group has raised $650,000 through a strategic convertible loan led by new Non-Executive Chair Alex Brinkmeyer, signaling a pivot into property funds management. The company also announced significant board changes, including the appointment of David Nolan as Managing Director.

Eildon Capital’s Independent Board Committee plans to recommend acceptance of Samuel Terry Asset Management’s increased takeover offer, valuing the company at a 24.1% premium. The move signals a likely shift in ownership and potential ASX delisting.

Samuel Terry Asset Management has raised its takeover offer for Eildon Capital Group securities to A$0.875 per stapled security, sweetening the deal with faster payment terms for electronic transfers.

Brazilian Rare Earths Limited (ASX – BRE) has announced a maiden JORC-compliant Mineral Resource Estimate for its Amargosa Bauxite-Gallium Project in Bahia, Brazil, revealing a substantial deposit with high-quality bauxite and significant gallium content.

McLaren Minerals has confirmed significant high-grade heavy mineral sands extending 500 metres south of its current Indicated Resource at the McLaren Titanium Project, reinforcing the deposit's growth potential and strategic value.

E79 Gold Mines has executed a binding agreement to acquire a majority stake in the Cue Gold Project, a highly prospective asset in Western Australia's Murchison region, backed by a successful $3 million capital raise to fast-track exploration.

4DMedical has secured $22.6 million through the exercise of deep in-the-money options, significantly strengthening its cash position to support the commercial rollout of its CT – VQ™ respiratory imaging technology.

Advance Metals has raised $13 million in a strongly supported placement led by global institutional investors, positioning the company to accelerate exploration across its high-grade silver and gold projects in Mexico and Victoria.

GoldArc Resources has unveiled strong assay results from its Leonora South drilling program, confirming a robust gold system at Eclipse and Challenge prospects with high-grade, near-surface mineralisation. The company is now targeting a maiden Mineral Resource Estimate and further drilling to expand the resource.

Askari Metals has announced a $1.5 million rights issue to fund a maiden drilling campaign at its Nejo Gold and Copper Project in Ethiopia, aiming to unlock significant value in a promising underexplored region.

West Wits Mining Limited has presented a robust update on its flagship Qala Shallows gold project, showcasing a strong Definitive Feasibility Study and secured senior debt funding, targeting first gold production in early 2026.

NexGen Energy has expanded its Australian equity offering to AUD 600 million alongside a concurrent C$400 million North American deal, aiming to accelerate development of its flagship Rook I uranium project.

Nordic Resources has raised A$1.75 million through a strategic placement with Australian resource funds to advance exploration and development of its Finnish gold projects, including the sizeable Kopsa deposit.

Eclipse Metals has commenced mobilisation for its 2025 diamond drilling program at the Grønnedal Rare Earths Carbonatite Complex in Greenland, aiming to expand a significant rare earth mineral resource rich in critical magnet metals.

Kuniko Limited has completed the earn-in agreement to acquire up to 70% of the Commonwealth Gold-Silver Project in NSW’s Lachlan Fold Belt, with drilling set to commence soon. This milestone expands Kuniko’s portfolio of strategic minerals critical to the energy transition.

Locksley Resources has gained critical regulatory approval and secured contractors to advance its Mojave Project, accelerating exploration of antimony and rare earth elements in California.

QuickFee Limited has completed the sale of its US Pay Now business, announced a 7.5 cent per share capital return, appointed founder Bruce Coombes as CEO, and updated its FY26 earnings guidance.

European Lithium Limited is set to repurchase up to 10% of its shares on market, aiming to capitalize on a significant discount to its underlying asset value, particularly its stake in Critical Metals Corp.

Micro-X has landed a $3.3 million order from the Malaysian Ministry of Health for its Rover Plus mobile X-ray units, marking a significant step in its Southeast Asian expansion. Delivery is set to begin in October 2025.

Infini Resources has identified visible uraninite at its Reitenbach Lake project and confirmed widespread radiometric anomalies at Reynolds Lake, advancing its uranium exploration in Saskatchewan. Assay results expected in Q4 2025 will guide a potential drilling campaign in 2026.

The Calmer Co (ASX – CCO) reported an impressive $8 million revenue for FY25, marking 86% year-over-year growth and positioning itself as a global leader in the emerging kava market. With expanding retail presence and strong US sales, the company is on track to break even in 2026.

The Calmer Co International Limited has reported its strongest quarterly revenue ever at $2.4 million, driven by robust Australian retail sales and expanding US market presence. The company is also advancing a $1.4 million convertible note to fuel growth and inventory expansion.

Investigator Resources has secured $10 million through a strategic placement to accelerate development and exploration of its flagship Paris Silver Project, aiming to bring forward silver production and expand drilling across key targets.