Latest Assay Results News

BMC Minerals has intersected significant silver, zinc, gold, copper and lead mineralisation in all nine reported holes at the Rhyolite Peak prospect, 1.2km from its proposed ABM mine. Six further assays are pending as the company moves toward completing its 20,000m 2026 drilling program.

Accelerate Resources has completed three large-diameter diamond holes at its Area 42 manganese project, with visual mineralisation recorded in each hole. The standout hole covered a 72m downhole span and ended in mineralised chert breccia, but assays and metallurgical results are still pending.

Prospect Resources has reported its first Phase 3 infill assays from Nyungu Central, including 18 metres at 1.31% copper, while extensional drilling continues to identify broad mineralisation beyond the existing resource. Twenty Nyungu Central assay results remain pending as the company advances toward a Q1 2027 Mumbezhi Scoping Study.

Terra Metals has reported its largest continuous high-grade reef yet at the Southwest PGM-copper-nickel discovery, with a 336.9-metre intercept among new assay results. Heritage access is now cleared across the drilling footprint, while more than 40,000 assays remain pending ahead of a maiden resource estimate planned for Q1 2027.

Barkly Rare Earths has entered its first full year as an ASX-listed explorer with A$5.38 million in cash, a 10,000-metre drilling programme underway and an early 99% magnet rare earth oxide extraction result. The technical signals are encouraging, but both the drilling data and metallurgy remain at an early stage.

Indiana Resources has finished FY2026 with A$30.1 million in cash and term deposits, promising exploration results in South Australia and an unresolved dispute over 18% of its Tanzania settlement proceeds. The company is also preparing for Managing Director and CEO Matthew Bowles to leave in November.

Cooper Metals finished FY2026 with a $611,935 loss and $1.81 million in cash, while its post-year-end Pyramid Gold acquisition reshaped the exploration portfolio. The deal brought AIC Mines in as the company’s largest shareholder, but a larger pool of options and performance rights also raises the importance of future funding and exploration results.

European Lithium reported a A$930.6 million FY2026 profit, but the headline result was dominated by a A$1.276 billion accounting gain after losing control of Critical Metals Corp. The company now heads towards an October vote on a merger that would fold its cash, CRML stake and mineral assets into a single NASDAQ-listed group.

G50 Corp has moved from early-stage exploration towards a two-project drilling campaign, backed by a post-year-end A$26.25 million placement. The company remains loss-making and reliant on exploration success, but says the capital allows uninterrupted work at its Arizona and Nevada projects.

PolarX Limited (ASX:PXX) has reported a year of high-grade exploration results across Alaska and Nevada, led by a 24.8-metre copper intercept grading 9.8% at Caribou Dome. The company ended FY2026 with A$10.0 million in cash, but remains loss-making and dependent on future funding and exploration success.

Red Mountain Mining’s annual report shows a sharp rise in losses and continued reliance on equity funding, with auditors flagging material uncertainty over the company’s ability to continue as a going concern. Exploration has expanded across antimony, tungsten and gold projects, but the portfolio remains dependent on future funding and successful drilling.

Battery Age Minerals finished FY26 with stronger cash reserves and drilling progress across Austria and Argentina, but warned that further funding or asset realisations are needed to sustain planned exploration. The company reported a $4.97 million loss, including a $2.60 million non-cash charge linked to its diluted Eminence Minerals holding.