METALS AND MINING
Koonenberry Gold (ASX: KNB) strengthened its Lachlan Fold Belt position with an agreement to acquire the Gundagai Gold-Copper Project in NSW. The project encompasses four target domains across four contiguous tenements, representing a Tier 1 ‘camp-scale’ opportunity with near-term drill targets where sampling has returned 386g/t Au, 320g/t Au, 274g/t Au, 192g/t Au and 155g/t Au. In addition, Dan Power has stepped down as Managing Director with Paul Harris to transition to Executive Chairman and Darren Glover appointed Executive Technical Director.
Golden Dragon Mining’s (ASX: GDR) second phase of reverse circulation (RC) drilling has intersected high-grade gold mineralisation including 4m @ 17.6 g/t gold at the Coodardy Prospect, part of its Cue Gold Project in WA. Mineralisation remains open along strike and at depth and Golden Dragon has commenced detailed drill planning and program design to test this newly discovered structural trend.
Locksley Resources (ASX: LKY) received assay results from its maiden diamond drilling program at Desert Antimony Mine, confirming high-grade antimony mineralisation beneath the historical underground workings. Significant antimony intersections were returned from six of the eight completed drill holes, including a peak result of 33.51% Sb over 0.4m inc, 4.0m at 4.87% Sb. Additional results include 2.0m at 2.69% Sb and 1.4m at 5.62% Sb.
Falcon Metals (ASX: FAL) has intersected gold mineralisation over more than 600m of strike length at its Blue Moon Gold Project in Victoria. Latest drilling results has extended the shallow Morning Glory Zone to over 300m of strike, has identified a new Jasmine Zone above the Lotus Zone, and intersected trace visible gold in a northern Lotus Zone step-out hole that has the potential to more than double the strike extent of the high-grade zone to 600m, with assays pending. Covered by Australian Mining
Evergold Minerals (ASX: EG1) commenced a 3,000m RC drilling program at the Duchess of York Prospect within the Mt Monger Gold Project, marking the start of the company’s 2026 exploration campaign. The program is designed to follow up significant historical high-grade gold intercepts at Duchess of York, including 3m at 17.6g/t Au from 13m and 9m at 5.02g/t Au from 26m. RC drilling will also test the Gladiator Prospect, a newly defined intrusive-related gold target supported by a coherent gold-in-soil anomaly extending more than 800m and a coincident gravity feature. Covered by The Market Bull.
Everest Metals (ASX: EMC) released an updated Mineral Resource Estimate (MRE) for the Mt Edon Critical Minerals Project, positioning it as Australia’s most advanced rubidium project.The revised Indicated and Inferred MRE has increased to 4.3 million tonnes grading 0.23% Rb₂O and 0.10% Li₂O, based on a 0.10% Rb₂O cut-off grade, representing a 20% increase in overall tonnage along with improved grade and greater resource confidence. The updated MRE contains more than 9,800 tonnes of contained Rb₂O, with over 60% of the total Mineral Resource now classified within the higher-confidence Indicated category. Covered by Stockhead
Enova Mining (ASX: ENV) reported further auger drilling results from the East Salinas Project in Brazil, continuing to confirm extensive surface saprolite-hosted rare earth mineralisation amenable to ionic adsorption clay (IAC) leaching. Highlights included 13m @ 2,418ppm TREO and 21% NdPr from surface, with peak grades of 4,874ppm TREO and peak MREO recovery of 84%. The Company said further auger drilling is planned at East Salinas, while deep air-core and diamond drilling is underway at Charley Creek in the Northern Territory targeting >1% TREO mineralisation at depth.
Heavy Rare Earths (ASX: HRE) received Heritage Clearance from the Traditional Owners the Dieri Aboriginal Corporation for the South Ridge Tin Prospect, at the Prospect Hill Project, ahead of a planned 25-hole, maiden 2,500m drill program. Covered by Stockhead
Strata Minerals (ASX: SMX) reported initial assay results from its Phase 2 reverse circulation (RC) drilling program at the Zelica Gold Project, with ongoing step-out drilling continuing to confirm strong continuity of shallow high grade gold mineralisation and significant expansion potential across the Zelica Gold System. Standout intercepts include 7m at 3.32g/t Au, 5m at 2.45g/t Au, and 3m at 2.73g/t Au. Covered by Stockhead
Vita Resources (ASX: VTA) identified multiple large gold-in-soil anomalies across its Ninnis Gold project in WA as part of the maiden exploration programme. Initial results from 850 auger holes have outlined anomalies extending up to 600m strike in the northern sector, while closer spaced sampling in the south returned a consistent 500m x 300m gold anomaly. Following the strong early results, the maiden programme has expanded with an additional ~300 infill holes targeting the interpreted fault-controlled mineralised system, in addition to the remaining 350 yet to be completed holes. Covered by Proactive
Magmatic Resources (ASX: MAG) commenced Phase 3 drilling at its Weebo Gold Project in WA, with a 6,745m program now underway targeting multiple gold prospects in the Eastern Goldfields region. The campaign includes 5,000m of aircore drilling to extend gold anomalies at Wheel of Fortune and West Gold, alongside 1,745m of RC drilling targeting bedrock mineralisation at Ockerburry, Scone Stone, Otto and Sholl’s Find.
INDUSTRIAL
Mastermyne (ASX: MYE) expects FY26 revenue and underlying EBITDA to be at the upper end of its previously announced guidance range of $220m-$230m (FY25: $210m) and $17.0m-$18.0m (FY25: $13.8m) respectively, as a result of the strong performance in 2H FY26 to date. The Company's order book stands at $461m, while its pipeline of targeted opportunities is $1.3bn. Net cash at 30 April 2026 was $36.9m, up from $33.1m at 31 December 2025.
Bio-Gene (ASX: BGT) is expanding evaluation of Flavocide® and Qcide® into Asia, testing efficacy against mosquito species that carry Dengue fever, Chikungunya fever and Zika virus infection. The evaluation follows World Health Organisation guidelines, with the initial phase expected to be completed by Q3 2026, and will guide commercialisation of both products for vector control programs across the region.
ENERGY
Galilee Energy (ASX: GLL) executed a drilling contract with RFC Drilling for Rig 103, confirming the Zydeco-1 well spud date for the first week of July 2026. Drilling to ~10,000 feet, the well targets up to 8 Bcf gas and 0.5 MMbbl condensate/oil across multiple reservoirs. With state regulatory approval received, costs fixed, and the rig secured, Galilee is now focused on final site preparation ahead of spud. Coverage via The Market Bull
Condor Energy (ASX: CND) has submitted a Licence Contract application to Peruvian regulator Perupetro S.A. to convert offshore Tumbes Basin TEA 86 into a Licence Contract. Condor now holds 100% interest in TEA 86 following the transfer of Jaguar's 20% interest, increasing net exposure to over 3.3 billion barrels unrisked prospective resources (2U) and 1 Tcf contingent gas resources (2C). Strategic partnering discussions are advancing with industry participants.
TECHNOLOGY
RAS Technology (ASX: RTH) announced the execution of new customer agreements, which are expected to contribute at least an additional $2.0 million in annualised revenue per annum, as well as key contract extensions. The Company’s commercial agreement with LeoVegas went live on 1 May 2026, initially launching with BetMGM Sweden, with their major UK brands to roll out by Q1 FY27.
Swift TV (ASX: STV) announced an expansion of its deployment with Australia’s largest Aged Care provider, with recurring subscription revenue now commencing. Covered by TechInvest.
BIOTECH
Avecho Biotechnology’s (ASX: AVE) last patient required for the planned interim analysis of its pivotal Phase III clinical trial evaluating its TPM®-enhanced cannabidiol (CBD) capsule for insomnia has successfully completed the treatment phase. The interim analysis cohort comprises 244 participants randomized across three treatment groups to receive nightly doses of either 150mg CBD, 75mg CBD or placebo in a TPM enhanced capsule. Completion of the treatment phase represents the final clinical milestone prior to the planned interim analysis, with results remaining on track for late June 2026.
Emryia (ASX: EMD) announced its Victorian-based Empax clinic is now operational, having successfully commenced first patient treatments. This milestone meets the Company’s Q2 CY2026 clinic activation objective and supports Emyria’s strategy to scale reimbursable, evidence-based complex mental health treatments, underpinned by strong and growing clinical evidence.
CORPORATE NEWS
Enova Mining (ASX: ENV) appointed leading Brazilian REE geologist Alexandre Rocha da Rocha and specialist consultancy Geological Consultores Associados to support development of the East Salinas Project in Brazil. Rocha da Rocha played a key role in defining Brazil’s first ionic adsorption clay rare earth deposits, including Serra Verde, and will assist Enova with resource definition, metallurgical work and identifying additional REE opportunities across the region.
American Tungsten & Antimony (ASX: AT4) secured firm commitments for a A$10 million placement to accelerate development of its U.S. tungsten and antimony portfolio ahead of a proposed Mainboard Nasdaq listing. Funds will support drilling at the Tennessee Mountain and Antimony Canyon projects, refurbishment of the Dutch Mountain processing mill and advancement of AT4’s U.S. hub-and-spoke critical minerals strategy focused on rebuilding domestic tungsten and antimony supply chains. Covered by Stockhead and Mining.com.au.
ATAA received a 40% State Tax Credit under Utah’s REDTIF program, supporting development of its Antimony Canyon Project and broader U.S. critical minerals strategy. The award follows AT4’s government-level critical minerals event in Utah attended by senior U.S. Government and industry stakeholders, including Governor Spencer Cox, highlighting growing U.S. support for domestic antimony and tungsten supply chains.
Auric Mining (ASX: AWJ) welcomed Gareth Solly as incoming Chief Executive Officer and Executive Director. A highly regarded gold industry professional with more than 20 years’ experience, Gareth will focus on leading the rebuild of the Company’s Burbanks gold plant, expanding gold resources across the project portfolio, and advancing preparations for the restart of mining operations at Munda. Working alongside founding Managing Director Mark English during a formal transition period, Gareth is expected to succeed Mark as Managing Director later this year. Covered by The Sydney Morning Herald and Business News.
Western Yilgarn (ASX: WYX) announced the appointment of internationally recognised bauxite and alumina specialist Dr Ashok Nandi as Specialist Bauxite Technical Adviser, to support the advancement and commercialisation of its Northern Darling Range Bauxite Projects in WA. The appointment comes as Western Yilgarn advances resource development, beneficiation studies, product optimisation and strategic offtake discussions across its growing bauxite portfolio, which currently hosts a combined 205Mt JORC (2012) bauxite resource. Covered by Stockhead.
Power Minerals (ASX: PNN) announced the resignation of Non-Executive Director Caue Araujo, who will continue to support the Company as a consultant on Brazil-related matters through to the end of 2026.
Sparc Technologies (ASX: SPN) has appointed Peter Wenzke as Business Development Manager to drive adoption of ecosparc® enhanced protective coatings in Australia and internationally. Wenzke brings ~25 years' experience in the coatings industry, most recently as Australia & New Zealand Marketing Manager for Automotive Finishes at Sherwin-Williams. His appointment follows the recent Australian release of ecosparc® enhanced Interzone® 954 by AkzoNobel.
Chariot Resources (ASX: CC9) provided an update on its Nigerian lithium portfolio acquisition from Continental Lithium Limited. Chariot and Continental have executed a third deed of variation to the binding share sale agreement dated 5 July 2025, which consolidates the acquisition perimeter, introduces a conversion of the small-scale mining licences in the portfolio into full mining leases ("ML") in advance of transfer to C&C Minerals, and extends the end date for satisfaction of the conditions precedent under the Share Sale Agreement to 5 May 2027 to provide time for the conversion process.
Ionic Rare Earths (ASX: IXR) formed a Joint Development and Licensing Agreement with U.S.-based Nth Cycle, Inc., a critical mineral refining technology company, to enhance end-to-end rare earth refining operations in the United States and globally.
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