🔥 Tuesday 22 September 2026 Tue, 22 Sept 2026

Bounty Oil & Gas NL (ASX:BUY) is pursuing a 2,322 km² deepwater exploration block offshore Liberia, backed by a $3.55 million placement and major vendor-linked securities. The opportunity remains conditional: the block has no executed production sharing contract, no independent resource estimate and has not yet been reviewed directly by Bounty.

Microba shareholders would own about 67% of an enlarged Genetic Signatures under a proposed all-scrip merger valued at approximately A$51 million. The deal combines roughly A$29.6 million of FY2026 revenue and identifies up to A$3 million in potential annual cost synergies, but remains subject to a long list of approvals.

Five of nine diamond holes at Minrex's Barje deposit have returned the widest and highest-grade intersections drilled there, challenging the historical model of a low-grade central corridor. The results arrive ahead of a maiden JORC resource estimate planned for next quarter.

Tungsten Mining has secured firm commitments for a $50 million placement at $0.32 a share, giving its Watershed tungsten project fresh funding as it moves toward a final investment decision. The raise comes at a discount to recent market prices and will also support the company’s broader project portfolio.

Legacy Minerals has identified three untested induced polarisation targets at its Rockley project in NSW, led by an 800m zone with chargeability of up to 45mV/V. The priority target sits beneath surface copper, gold and silver anomalies, but drilling remains under consideration rather than committed.

Cannindah Resources has reported preliminary NovaCell testwork recovering 94% of copper and 92% of silver at a substantially coarser grind, while rejecting 82% of processed material. The results could support a higher-throughput, lower-energy processing route, although gold recovery and concentrate quality still require further work.

Many Peaks Minerals has extended the tested vertical depth of gold mineralisation at its Ferké project by about 70%, with a deepest intercept returning 40.3 metres at 3.89g/t gold. The results support a planned resource update and preliminary assessment of underground mining, but remain exploration results outside the current resource.

Gold Hydrogen has advanced Ramsay drilling, testing and commercial studies, but its annual report carries a material uncertainty over the company’s ability to continue as a going concern. The pre-revenue explorer ended FY2026 with $9.42 million in cash after spending heavily on exploration.

Advance Metals has recorded its strongest silver assay yet at the Gavilanes Project in Mexico, with drilling also returning the project’s highest-grade zinc-lead interval. The mineralised system remains open at depth and to the southwest, while metallurgical work and further drilling target a maiden JORC resource in the December quarter of 2026.

Waratah Minerals has reported its strongest drilling result to date at the Spur Gold Discovery, with a deep hole returning 46 metres at 7.27 g/t gold. The result extends the Consols Zone and supports four high-grade footwall domains, although the project remains at an early exploration stage.

Adavale Resources has lifted its Parkes Project gold inventory to 383,300 ounces, led by a 228% increase at London-Victoria after an 85-hole drilling campaign. The company is now moving from resource definition towards metallurgical testing and a Scoping Study, although no production decision or project economics has been disclosed.

Catalina Resources has executed the mining lease transfer for its Nelson Bay River project, paving the way for up to $1.29 million in rehabilitation security to be recovered. The company plans to redirect the capital into November drilling at its Kirkalocka gold and Tallering tungsten projects, subject to final heritage clearance and regulatory steps.

Anax Metals has moved its Whim Creek copper-zinc project closer to a targeted investment decision, backed by strong feasibility economics and new drilling. But the annual report makes clear that development still depends on securing further funding, with the auditor warning of a material uncertainty over going concern.

Bellevue Gold delivered record FY26 production and free cash flow while cutting its hedge book by more than half. The next test is whether higher FY27 output and greater spot-price exposure can convert operational progress into materially stronger cash generation.

Capstone Copper will sell its Cozamin copper-silver-zinc-lead mine in Mexico to Luca Mining for up to US$385 million, including US$275 million in upfront cash. The proposed divestment is designed to strengthen Capstone’s balance sheet and redirect capital towards its growth pipeline.