🕒 Tuesday 6 May 2025 Tue, 6 May 2025

SPC Global Holdings confirms FY2025 pro forma EBITDA guidance of A$29 million, driven by strong early post-merger performance and strategic initiatives including site consolidation and leadership renewal.

HyTerra Limited has confirmed hydrogen concentrations up to 96.1% in its Sue Duroche 3 well in Kansas, reinforcing the potential of its natural hydrogen exploration program. Elevated helium levels were also detected, with further testing planned to assess commercial viability.

Pacgold Limited has announced a maiden mineral resource estimate of 474,000 ounces of gold at its Alice River project in Northern Queensland, alongside an aggressive 2025 exploration program targeting significant resource growth.

Savannah Goldfields has announced a significant new gold Exploration Target at its Red Dam deposit within the Georgetown Project, potentially expanding its resource base and supporting future production plans.

Pacgold Limited has announced a maiden JORC-compliant Mineral Resource Estimate of 854,000 ounces of gold at its Alice River Gold Project in North Queensland, underpinning an aggressive 10,000m drilling campaign to expand and upgrade the resource.

Western Yilgarn Limited has secured a significant new gold exploration area near the Glenburgh Gold Project in Western Australia, positioning itself alongside established players like Benz Mining Corp. The company is set to begin detailed geological and geophysical assessments to unlock the region’s potential.

Flagship Minerals confirms the substantial scale and extension potential of gold mineralisation at its Pantanillo Gold Project in Chile, moving towards a JORC-compliant resource upgrade. Recent drilling highlights open mineralisation and near-surface expansion opportunities.

Sun Silver Limited is launching Phase 1 metallurgical testing at its Maverick Springs project in Nevada, aiming to build on strong historical silver and gold recoveries and optimize processing strategies.

Mighty Kingdom Limited has completed its entitlement offer, raising approximately A$475,000 through the issuance of 95 million new shares, yet a significant shortfall remains to be placed with investors.

Cardiex Limited has formally lodged its CONNEQT Pulse device with Australia's Therapeutics Goods Administration, marking a critical step toward regulatory approval and market expansion.

Platinum Investment Management's Funds Under Management fell to $9.65 billion in April amid market pressures and retail outflows, while a major $958 million institutional mandate termination prompts accelerated cost savings.

Siren Gold Limited has secured the Queen Charlotte exploration permit, encompassing the historic Endeavour antimony mine, New Zealand’s largest producer in the 19th century, positioning the company to expand its critical minerals footprint.

Global Uranium and Enrichment Limited has completed a scoping study for its Hansen Deposit in Colorado, revealing strong economic potential through innovative mining and beneficiation methods.

Liontown Resources has successfully ramped up production at its Kathleen Valley Lithium Operation, marking a milestone as Australia’s first underground lithium mine begins ahead of schedule. The company reports strong operational and financial performance amid robust lithium demand.

Albion Resources has identified two compelling, undrilled gold targets at its Yandal West project following a detailed DDIP survey, supported by historical high-grade assays. The company is gearing up for its maiden drill campaign targeting mid-2025.

Askari Metals has revealed a promising reinterpretation of historical data at its Uis Project in Namibia, highlighting significant tin, tantalum, and rubidium mineralisation adjacent to an operating mine. The findings set the stage for an expanded exploration campaign.

AuMEGA Metals has reported significant gold mineralization from its winter drilling program at the Bunker Hill Project in Newfoundland, revealing a major structure with strong assay results and setting the stage for expanded mid-year diamond drilling.

Mirrabooka Investments Limited has launched a $85 million non-renounceable entitlement offer at $3.06 per share, inviting eligible shareholders to increase their holdings with a top-up facility. The offer aims to bolster the company’s investment capacity amid evolving market conditions.

Brightstar Resources has locked in a US$11.5 million revolving finance facility with Ocean Partners, bolstering working capital to fuel production expansion and exploration across its Western Australian gold projects in 2025.

Magellan Financial Group’s assets under management fell to A$38.5 billion in April, reflecting $1 billion in net outflows, even as it expanded its portfolio with a new Vinva fund.

Mirrabooka Investments Limited has announced a 1-for-7 entitlement offer priced at $3.06 per share, aiming to raise approximately $85 million to capitalize on emerging investment opportunities.

Augustus Minerals advances exploration at its Ti-Tree Money Intrusion project, planning a detailed Moving Loop EM survey to refine drill targets following promising VTEM results and nearby discoveries.

Silex Systems reports steady progress on its TRL-6 uranium enrichment demonstration, targeting completion by end-2025, while securing initial US government funding to support commercialisation efforts.

Imdex Limited reported a stabilisation in global exploration activity after a prolonged downturn, highlighting resilience despite a 19% revenue dip in 3Q25 and outlining a growth strategy focused on technology and integrated solutions.