Latest Asx News

Odyssey Gold Limited has reported further drilling success at its Tuckanarra Gold Project in Western Australia, extending mineralisation beyond existing resource boundaries. The latest results highlight promising gold intercepts at the Cable and Bollard deposits, supporting potential resource growth.

Enova Mining has completed over 65% of its diamond drilling program at the East Salinas rare earth project in Brazil, with initial assay results expected by early February. The drilling targets high-grade rare earth mineralisation across multiple prospects, aiming to confirm continuity and support resource development.

Sunstone Metals is seeking shareholder approval for a 30-for-1 share consolidation aimed at simplifying its capital structure and enhancing investor appeal. The move follows a recent placement that left the company with over 7 billion securities on issue.

Norwood Systems has reported a record preliminary revenue of $2.1 million for the first half of FY2026, driven by milestone payments from Optus and a successful Tier-1 APAC proof-of-concept. The company is progressing multiple global telco engagements and strengthening strategic partnerships with Microsoft and AWS.

TerraCom Limited has successfully completed a $60 million entitlement offer, surpassing its initial $40 million underwriting and demonstrating strong support from substantial shareholders and management.

Tambourah Metals has identified two promising gold targets at its Beatty Park South prospect through advanced geophysical and soil sampling techniques, setting the stage for imminent drilling campaigns.

Nelson Resources has reported exceptional high-grade gold and silver rock chip assays from its Gold Point project in Nevada, confirming extensive mineralisation and setting the stage for maiden drilling in 2026.

Core Lithium has unveiled an optimised mine plan for its Grants deposit that promises earlier ore production and a $35-45 million reduction in pre-production capital. The company also reported a significant increase in its Finniss Project Ore Reserve and is advancing towards a Final Investment Decision amid improved lithium market conditions.

West Cobar Metals has announced a significant inferred gallium resource of 263 million tonnes at its Salazar Critical Minerals Project in Western Australia, highlighting the strategic importance of gallium amid global supply constraints.

Peninsula Energy reports strong progress in ramping up uranium production at its Lance Project in Wyoming, with acidification exceeding expectations and key infrastructure developments on track. Supportive US government policies further enhance the company’s strategic outlook.

GBM Resources has reported significant high-grade gold assay results from its Stage 1 drilling at the 309 deposit within the Twin Hills Gold Project, revealing mineralisation beyond the current resource estimate and setting the stage for expanded drilling.

Gold Mountain Limited has agreed to sell its Papua New Guinea exploration licences for $2 million, redirecting funds to advance its promising Brazilian projects and strengthen working capital.