Latest Pilbara Gold (ASX:PGL) News

A brutal sell-off in a few small caps sat alongside takeover bids, fresh capital raisings and strong gains in medtech. The week split the market in two: buyers chased clear funding and approval news, while weaker stories sank fast after reopening.

Big price swings hit the materials board as deal news, capital raisings and resource updates pulled stocks in opposite directions. Gold M&A stayed busy, while critical minerals names kept feeding the market with drilling, testwork and project studies.

Pilbara Gold has launched its largest-ever drilling program at Mt York, aiming to build on its 2.1 million ounce gold resource with extensive extensional drilling and a new geophysical survey.

Small caps drove the biggest moves, with Alvo Minerals surging, Klevo extending a payments-fuelled rally, and FBR jumping on fresh contract news. At the larger end, takeover bids, mine funding deals and a strong Liontown update kept resources and corporate activity at the centre of trading.

Big moves came from deal-driven small caps, critical minerals stories and a fresh burst of funding news across gold, copper and rare earths. The strongest gains came where cash, contracts or takeover terms gave investors something concrete to price in straight away.

Pilbara Gold (ASX: PGL) reported a 50% jump in its Mt York gold resource to 2.08 million ounces following 27,000m of drilling in 2025, backed by a $30.5 million cash pile and a 50,000m drilling campaign underway in 2026.