Latest Square News

Metal Hawk’s Leinster South project produced its strongest drilling results yet, led by a 9-metre intersection grading 12.3g/t gold at the Numbat lode. But the FY26 annual report also flags a material uncertainty over going concern, despite a subsequent $1.2 million placement.

Axel REE is moving its Caladão rare earths project into the next technical test: exploratory in-situ recovery work at the Woolrich deposit. The company says bench-scale testing has recovered up to 560ppm soluble TREO, but field performance, groundwater behaviour and project economics remain unproven.

Tyranna Resources has identified high-grade surface anomalies at its Coola project in Angola, including soil assays of up to 13.18% TREO and 3.9% Nb₂O₅. The results refine drill targets ahead of a maiden program planned for the second quarter of 2027, subject to wet-season conditions.

High-Tech Metals has installed a new leadership team and arranged an 11.9% share crossing as it shifts focus from exploration to production at its Western Australian gold projects. The strategy is backed by approximately A$9 million in cash, but still depends on studies, approvals and shareholder decisions.

Corazon Mining has exercised its option to secure an 80% interest in the 154-square-kilometre Feather Cap Gold Project after drilling confirmed shallow, high-grade mineralisation at Wembley. The company now faces the more difficult task of proving scale, continuity and economic significance through follow-up drilling.

Midas Minerals has reported strong copper-silver assays from deeper infill drilling at its T-13 deposit in Namibia, including 10 metres at 11.55% copper equivalent. The mineralised zone remains open to the west as the company accelerates drilling ahead of a resource update targeted for early 2027.

Yugo Metals has secured six-year access to the private land covering its planned Petrovo drill sites in Bosnia and Herzegovina, paying EUR300,000 and issuing 18 million escrowed shares. An IP survey is due to begin next week, with drilling planned for the fourth quarter subject to approvals.

Macallum New Energy has lifted the arithmetic mean prospective gas resource across its EP 494 portfolio to 2,506 PJ after new 3D seismic and reprocessed 2D data sharpened several targets. The company is now seeking a joint venture partner for up to two exploration wells targeted for the second half of 2027.

Antares Metals has agreed to earn a 90% interest in the historic Enterprise gold mine in Western Australia, adding a fourth priority target to its Quinns project. The company has expanded its air core program to 2,500 metres, but the transaction remains subject to expenditure, approvals and historical-data caveats.

PhosCo has extended mineralisation at its DOH prospect and made a new phosphate discovery at Sekarna North in Tunisia. The results are encouraging, but assays remain pending and the reported widths are reconnaissance-stage intersections rather than resource estimates.

Osmond Resources has secured the maximum €250,000 provisional grant in the first round of Spain’s national mineral exploration program, while preparing to start a 13-hole campaign at its Orión project. The company has also issued 85 million shares to retain its 80% interest in the project-owning vehicle.

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.