Weekly Wrap
View in browser
014fff0e-d808-e0aa-0213-b29ea5eed130
d2952fcd-676e-04c2-f6d2-5d736ee49fa3

Shares in Iltani Resources (ASX: ILT) surged as much as 60% after it announced its highest grade results to date from the Orient silver-indium project in northern Queensland. Results came from diamond drilling at Orient East, with a top hit of 1m @ 2141.9 g/t silver equivalent. Iltani continues to drill at Orient East ahead of a maiden MRE for the deposit by early October. Covered by Small Caps and Mining.com.au

 

Middle Island (ASX: MDI) shares jumped by over 100% this week after signing a binding share sale and purchase agreement to acquire 100% of Konstantin Resources’ gold, silver and copper projects in Serbia. The projects are within the Western Tethyan Belt, one of the world’s most prolific copper-gold provinces which hosts the Bobija, Timok and Priboj projects. Covered by Mining.com.au, Smallcaps, Business News

 

Lotus Resources (ASX: LOT) produced the first U3O8 at its 85%-owned Kayelekera Uranium Mine in Malawi. This major milestone is a key final step in Kayelekera’s successful processing plant commissioning, with production planned to ramp up to 2.4M lbs of U3O8 per annum in Q1 of 2026. Managing Director Greg Bittar gave an overview in the investor webinar held this week. The company raised ~ $65 million via a placement to further strengthen working capital for Kayelekera, and advance development of its Letlhakane Project in Botswana. Read Lotus’ latest investor presentation here. 

 

Imugene (ASX: IMU) featured on 7News Australia, highlighting the potential of its off-the-shelf CAR-T therapy, azer-cel. 

 

Perseus Mining (ASX: PRU) Managing Director and CEO Jeff Quartermaine sat down with Crux Investor's Matthew Gordon for a chat following the release of the company's FY25 results last week. "Perseus Mining's FY25 results represent a masterclass in operational execution combined with favorable market conditions," the Crux team wrote. "The company achieved remarkable financial metrics that underscore both management's operational excellence and the inherent quality of their asset base."

 

Provaris Energy (ASX: PV1) signed a strategic collaboration agreement with global energy technology company Baker Hughes (NASDAQ-listed, 2024 revenues of US$28 billion; +US$44 billion market value) to advance compressed hydrogen solutions at scale. The collaboration marks a significant step forward in the development and deployment of compressed hydrogen

solutions for marine transportation and storage, leveraging Provaris’ proprietary H2Leo Barge and H2Neo Carrier alongside Baker Hughes’ compression expertise.

464b3264-700d-c512-d21d-1015cfbda0fa

Several analysts released updated research on multi-asset gold producer Perseus Mining (ASX: PRU) following release of the company’s FY25 results last week – read the summary here. 

 

Several analysts also released updated research on Lotus Resources (ASX: LOT) following the first U3O8 produced at its 85%-owned Kayelekera Uranium Mine in Malawi – read the summary here.

 

Argonaut’s latest research on Kaiser Reef (ASX: KAU) backs the company with a SPEC BUY  rating and a $0.46/sh price target.  While the A1 Mine accounts for around 25% of Kaiser’s medium-term production outlook, Argonaut suggests that divesting it could be strategic, enabling Kaiser to focus on the strong performance at Henty and the development of the Maldon Mine.

 

Canary Capital released updated research on Iltani Resources (ASX: ILT) following a maiden Mineral Resource Estimate for the Orient West deposit at its Orient Silver-Indium Project, Qld. “With a maiden JORC Resource for the Orient East deposit due by September/October 2025 — expected to be of similar scale and quality to Orient West — the company is positioned to potentially double its total defined metal inventory in the near term. If delivered while the EV remains at current levels, this would propel the company into the leading position for resource-to-EV ratio among peers and provide a clear catalyst for a market re-rating,” analyst Jack Wu wrote.

 

Pitt Street Research has initiated on Zeotech (ASX: ZEO) with this report including a valuation range between $0.30-$0.42 per share. “Zeotech has made significant progress since beginning its journey in 2020, underscored by recently securing a $180m initial 5-year (rolling) Direct Shipping Ore (DSO) kaolin offtake agreement with Jiangsu Mineral Sources International (MSI) for its raw ore kaolin, with an estimated net margin in excess of 40%. It anticipates securing all approvals for the development of its mine site by Q1 of CY26, and the DSO kaolin mining operation is planned to begin soon after.”

1d8e370b-b352-ca8f-385a-25e59f5d215f

METALS, MINING AND ENERGY

 

Many Peaks Minerals (ASX: MPK) reported new assay results from diamond drilling (DD) at the Ferké Gold Project in Côte d’Ivoire. All reported drill holes return significant gold intercepts and additional down-dip extensions received demonstrate increasing gold grades. Highlights include: 84.8m @ 3.01g/t gold from 295.8m, including 7.5m @ 9.27g/t gold (FNDC067), 103.0m @ 1.24g/t gold from 103.0m, including 7.6m @ 4.81g/t gold (FNDC055), 36.6m @ 1.88g/t gold from 418.3m, including 6.6m @ 4.02g/t gold (FNDC069), 17.15m @ 2.72g/t gold from 142.0m including 1m @ 23.6g/t gold (FNDC053).  Covered by Mining.com.au

 

Aurum Resources (ASX: AUE) expanded its Côte d’Ivoire footprint, signing an agreement to acquire 35% of local company Major Star Plus SARL and earn up to 87% across three permit applications. The deal boosts landholdings at its 2.41Moz Boundiali and 0.87Moz Napié gold projects and adds a third exploration project in central Côte d’Ivoire, consolidating Aurum’s strategy to build major regional gold projects. Covered by Business News & Proactive 

 

Trigg Minerals (ASX: TMG) confirmed the presence of a large-scale, high-grade tungsten skarn system at its Tennessee Mountain Project in Nevada following a detailed review of 1956 Union Carbide drilling and trenching data. Historical intercepts included 24.9m at 0.65% WO₃ and 18.4m at 0.72% WO₃, with mineralisation extending over 2.5km of strike. 

 

Robex Resources (ASX: RXR) shared a video update from its Kiniero Gold Project in Guinea, West Africa, where construction continues. The project remains on schedule and budget for first gold in Q4. The company also reported amended facility terms with Sprott, which represent a significant milestone for Robex and provide enhanced funding flexibility to advance the development of Kiniero.

 

Native Mineral Resources (ASX: NMR) delivered an updated JORC 2012-compliant Mineral Resource Estimate of 64,000oz gold & 1.24Moz silver for the Granite Castle Gold Project in north Queensland, 170km west of NMR’s recently restarted Blackjack Gold Operations. NMR is planning Granite Castle fieldwork to assess historical mapping, sampling and drilling to determine potential for further MRE increases and project development. Covered by Mining.com.au, Australian Mining and Industry Queensland.

 

Larvotto Resources’ (ASX: LRV) latest results from its ongoing drilling program at the Eleanora and Golden Gate prospects within the Hillgrove Antimony-Gold Project in NSW have continued to deliver thick, high-grade downhole intercepts, including 28.1m @ 5.68g/t AuEq at Eleanora. With the program at Eleanora and Golden Gate nearing completion, Larvotto has commenced drilling at the Metz prospect, targeting a priority area for near-term resources. Covered by Mining.com.au

 

Krakatoa Resources (ASX: KTA) has commenced a 7,000–10,000m maiden diamond drilling campaign at its Zopkhito Antimony-Gold Project. The program will target mineralised Sb and Au veins previously intersected in historical adit development, where a foreign estimate reported 225Kt @ 11.6% Sb (26,000t contained Sb) and 7.1Mt @ 3.7g/t Au (815,119oz Au). Covered by Mining.com.au and Proactive

 

In addition, the Company has completed a two-hole, 1,000m diamond drilling program at the Stone Tank Prospect, part of its Mt Clere REE Project in WA. Results from the drill campaign are expected next quarter. Krakatoa also submitted an application for additional prospective REE land east of its Tower REE mineral resource. Covered by Mining.com.au

 

Kairos Minerals (ASX: KAI) reported further wide and high-grade gold intercepts from drilling at Main Hill at its 1.4Moz Mt York Gold Project in WA’s Pilbara including 84m @ 1.10 g/t Au from 38m and 1.65m @ 14.98 g/t Au from 100.35m. Five diamond holes were completed to follow up and test extensions of the ‘Monster Zone’ hit of 53m @ 1.45 g/t Au, with results awaited. KAI is working to update Mt York’s MRE by year end. 

 

Enova Mining (ASX: ENV) completed its maiden geochemical sampling program at the Santo Antônio do Jacinto Project in Minas Gerais, Brazil, collecting 52 rock chip samples across the 23,409-hectare tenement. As the first-ever exploration on the ground, results due by the end of September will provide the foundation for targeting rare earth element and critical mineral systems in this region.

 

Power Minerals (ASX: PNN) commenced leach testing on high-grade rare earth samples from its Santa Anna Project in Brazil, targeting recovery from a clay-rich weathered zone. The program, conducted by SGS Geosol, will test 23 drill samples averaging 0.75% TREO, following maiden drilling that returned grades up to 4.34% TREO. Results due this month will inform processing pathways and support ongoing drilling aimed at defining a maiden Mineral Resource Estimate. Covered by Stockhead

 

Zeotech (ASX: ZEO) completed its largest commercial-scale concrete demonstration pour using its low embodied carbon high-reactivity metakaolin, AusPozz™.

 

Sampling by Sierra Nevada Gold (ASX: SNX) at its Warrior Project in Nevada, USA has returned high-grade gold from the Cute Maid Trend including 42.1g/t Au and 8.85g/t Au. Recently completed and current work programs at Warrior will allow for refined and improved drill targeting, planned for Q4 2025. Covered by Stockhead.

 

Kaiser Reef (ASX: KAU) initiated a strategic review of its 100% owned A1 Gold Mine in Victoria to assess a range of options to maximise shareholder value including operational, financial, and strategic alternatives to determine the optimal pathway forward. Covered by MiningNews.net.  Kaiser also commenced diamond drilling at its Historic Union Hill Gold Mine at Maldon, Victoria to test for unmined extensions of the Eaglehawk Reef directly beneath the Union Hill open pit floor. This program represents the first drilling within the Union Hill pit environment since surface mining ceased in 1992.

 

Mandrake Resources (ASX: MAN) completed basement mapping at its Utah Lithium Project, identifying zones with structural complexity and radiogenic source rocks that enhance lithium brine concentrations. The work marks the first phase of its Brine Flow Modelling Study, designed to pinpoint high-grade lithium zones within the 3.3Mt LCE Inferred Resource. Further results from the modelling are expected shortly. 

 

EQ Resources (ASX: EQR) received firm commitments for $22.5M of new capital from a well-supported placement of 703.125 million new fully paid ordinary shares. Strong support was shown for the Placement from a broad range of existing and new institutional and sophisticated investors. 


Western Yilgarn (ASX: WYX) has expanded its gold portfolio within the Gascoyne Region in WA, where high-level geophysical interpretation has defined seven priority gold targets just 8.7km from Benz Mining Corp’s Glenburgh Gold Project (16.3Mt @ 1.0 g/t Au for 510koz). The Gascoyne Gold Project covers 207km² of highly prospective ground within the fertile Dalgaringa Supersuite. The newly identified structural and magnetic trends remain completely untested by drilling. Covered by Australian Mining and Stockhead

 

RENEWABLE ENERGY


Frontier Energy (ASX: FHE) announced the assignment of 88.06 MW of Certified Reserve Capacity for Stage One of the Waroona Renewable Energy Project. The assignment of Certified Reserve Capacity for Waroona is an important step in the development and financing of the Project; reserve capacity is unique to Western Australia and adds significant revenue to the Project.

 

BIOTECH

 

Syntara (ASX: SNT) outlined the regulatory path forward for amsulostat in myelofibrosis following recent FDA guidance. While the company had sought to move directly to a pivotal trial, the FDA recommended a Phase 2b placebo-controlled study before Phase 3, reducing risk and clarifying the optimal patient group and endpoints. Interim data from ongoing MDS studies are expected in 1H 2026, providing further value triggers. CEO Gary Phillips emphasised that the guidance validates amsulostat’s clinical significance and strengthens its partnering potential in a US$1b+ market.

 

The Tetratherix (TTX) management team discussed its first annual results as a listed company on a podcast video, including both recent highlights and views the year ahead.

 

Radiopharm Theranostics (RAD) held the second of its key opinion leader (KOL) series, with Dr David Hans Ulmert discussing KLK3 as a therapeutic target in prostate cancer.

 

INDUSTRIALS


Metal Powder Works (ASX: MPW) announced its CP-Ti powder has been independently validated by a US aerospace-qualified partner HAMR Industries LLC against the same handbook used by global OEMs and Tier-1 suppliers. This achievement represents a critical validation of the powder's technical specifications and commercial viability for advanced manufacturing applications.

 

TECHNOLOGY

 

Iondrive (ASX: ION) signed a binding agreement with major US eWaste processor Colt Recycling to trial its proprietary DES technology for recovering rare earths from electronic waste. The deal provides a pathway to a commercial-scale supply agreement and potential co-location of DES units at Colt’s facilities, positioning Iondrive to enter the North American market with a sustainable solution to unlock value from a US$91b global eWaste stream.


AI-Media Technologies (ASX:AIM) highlighted it is on track to deliver on its transition target of being an 80% Technology business by December 2025. CEO & Co-Founder Tony Abrahams joined Ausbiz, explaining that the company's captioning operations, once reliant on thousands of employees, are now almost entirely powered by AI, with 99% of services delivered without human involvement. AIM’s LEXI suite, including LEXI Text for live captioning and the rapidly advancing LEXI Voice for real-time language interpretation has seen annual recurring revenue soar from less than $1 million to $17 million in 4 years.

 

CORPORATE NEWS

 

Lincoln Minerals (ASX: LML) raised $2.25 million following strong demand for its $1.5m Entitlement Issue and an additional $750k Follow-on Placement. The funds will support drilling at the Minbrie Copper & Base Metals Project, testwork at Kookaburra Graphite, and progress across its Green Iron and uranium projects, positioning Lincoln to advance its diversified critical minerals portfolio.

 

Charger Metals (ASX: CHR) appointed Bryan Dixon as Managing Director & Chief Executive Officer and Tim Armstrong has joined the board as a Non-Executive Director.   Bryan is a highly experienced mining and finance executive with extensive global industry experience across multiple commodities having held numerous director, executive and advisory roles with emerging public resource companies.  Tim brings significant capital markets experience with extensive networks in the natural resource sector.

 

Many Peaks Minerals (ASX:MPK) appointed Matthew Scully as Executive Director and Chief Operating Officer effective 1 November 2025.  Matthew brings extensive technical and operational expertise with more than 20 years’ experience spanning feasibility studies, project development and operations in the minerals sector. He has built a robust reputation for delivering greenfields development projects in challenging, remote terrains across West Africa and Australia through extensive experience in previous roles with West African Resources, Perseus Mining and Evolution Mining Limited. Covered by mining.com.au

d7cefbb6-7616-345e-7780-13366b553fdc

Chimeric Therapeutics (ASX: CHM) Investor Webinar on Tuesday 9 September 2025 at 10:00am AEST. Register HERE

2bd5880e-8827-b5ce-6048-53977a37b835

 

Neurotech International (ASX: NTI) advances NTI164 with strong clinical data and new leadership | Media coverage by AusBiotech

 

Lincoln Minerals’ (ASX: LML) Kookaburra a ‘genuine’ graphite supply opportunity

 

Connected Minerals (ASX: CML) featured in Mining.com.au’s coverage of the rise in ASX-listed companies advancing projects in Africa, including in Namibia where CML’s projects are located. In Part 1, CML MD Warrick Clent explains why Namibia is considered an attractive investment jurisdiction, while in Part 2, he highlights the potential of the company’s Etango North-East Uranium Project.

 

A Mining.com.au article on the growing importance of emerging antimony projects and their role in meeting future supply needs featured Krakatoa Resources (ASX: KTA), Rokeby Resources (ASX: RKB) and Larvotto Resources (ASX: LRV).

 

9360579f-5f37-12bd-5e32-0b822a6998a0

IRIS Metals (ASX: IR1) AGM Presentation

 

NWR Virtual Copper Conference Webinar Full Replay

_NWR Copper Webinar

Aurum Resources (ASX: AUE) Africa Downunder Investor Presentation

 

Middle Island Resources (ASX: MDI) Investor Presentation - Acquisition of Konstantin Resources

08d61125-922d-f279-49d0-ba04b9faa6bb
1-1

Metro Mining (ASX: MMI) Managing Director Simon Wensley and CFO Nathan Quinlin provided an update on the company’s half yearly report.

2-1

Canadian Phosphate (ASX: CP8) Managing Director Daniel Gleeson sat down with Shae Russell from Mining.com.au at NWR’s recent Canadian Spotlight event to talk through the company’s phosphate projects in British Columbia and the growth of lithium-iron-phosphate battery technology.

3-1

Krakatoa Resources (ASX: KTA) Managing Director Mark Major spoke to Proactive following the commencement of drilling at its Zopkhito Sb-Au Project in Georgia.

4-1

Premier 1 Lithium (ASX: PL1) Managing Director Jason Froud spoke to Shae Russell at Mining.com.au about the company’s maiden gold resource at Wadgingarra Project and plans for expanding gold exploration activities.

NWR Communications, Level 6, 350 Collins Street, Melbourne, VIC 3054

Unsubscribe Manage preferences