Latest Observability News

Perpetual Resources has addressed ASX concerns over recent trading activity, attributing the surge to its latest drilling progress and positive market sentiment in Brazilian minerals.

Torque Metals has confirmed a significant 240-metre westward extension of high-grade gold mineralisation at its Paris Gold Project in Western Australia, highlighted by a standout 5m intercept grading 27.93 g/t gold. This breakthrough validates their down hole electromagnetics exploration strategy and sets the stage for further resource growth.

Gibb River Diamonds has commenced grade control drilling at its Neta Prospect in Western Australia, moving closer to potential mining operations pending regulatory approval.

Cooper Metals Limited reports steady progress across its copper-gold exploration portfolio in Queensland and Western Australia, underpinned by a solid cash position and advancing regulatory approvals.

GTi Energy has obtained critical drilling permits and contracted top Wyoming service providers to advance its Lo Herma uranium project, targeting a resource upgrade by year-end amid strong U.S. nuclear support.

Somerset Minerals has reported visible copper mineralisation in multiple drill holes across its expansive Coppermine Project in Nunavut, Canada, confirming the district-scale potential of this underexplored copper belt. The company is preparing for a larger Phase-2 exploration campaign as assay results are awaited.

St Barbara Limited is progressing towards the renewal of its Simberi Mining Lease, a critical step to extend operations and boost gold production through 2038. Final approval is anticipated in August 2025 after regulatory review delays.

Mindax Limited has secured an option to acquire Norton Goldfields’ 35% stake in the Mt Forrest magnetite project, potentially gaining full ownership of a major iron ore asset in Western Australia’s Mid-West region.

The Supreme Court of New South Wales has approved the acquisition scheme for AVJennings Limited, paving the way for a significant ownership change and imminent suspension of its shares on major exchanges.

Macarthur Minerals has clarified the timing of its entitlement offer, confirming the securities issue date as 7 August 2025 with ASX quotation expected the following day. The company also reaffirmed its substantial iron ore resources at Lake Giles, maintaining investor confidence ahead of the capital raise.

Fat Prophets Global Contrarian Fund has announced a fully franked special dividend of 5 cents per share, reflecting strong investment performance. The dividend reinvestment plan offers shareholders a 2.5% discount on reinvested shares, signaling confidence in future growth.

Santana Minerals reports compelling new assay results extending the high-grade gold domain at its Rise and Shine deposit, reinforcing prospects for resource upgrades and future reserve growth.