METALS AND MINING
AuKing Mining (ASX: AKN) commenced its maiden drilling program at Tundulu Rare Earths Project in Malawi, with a planned 10,000m RC and diamond drilling campaign to test extensions, structural controls and depth continuity of REE mineralisation following a recent airborne magnetic and LiDAR survey, which identified multiple new drill-ready targets across the broader carbonatite complex. Initial drilling is focused on Nathace Hill and Tundulu Hill. Covered by Stockhead. Meanwhile, it progressed its acquisition of Tundulu, with all licence transfer documentation lodged and awaiting grant by the Malawi Mining and Minerals Regulatory Authority. Covered by The Australian.
Drilling is in full swing at Pilbara Gold’s (ASX: PGL) Mt York Project in WA with 5,680m of diamond drilling completed at Main Hill, Main Hill Extension, Gossan Hill & Gilt Dragon since early April – first results expected in July. The +50,000m program at Mt York is the largest in Company’s history, with up to five rigs on site, and will test extensions at depth of the 2.1Moz gold system in preparation for a MRE update. The company is also preparing for drilling at the Roe Hills Gold Project. Covered by Mining.com.au and The Market Bull. PGL also bolstered its Board and management team, appointing Martin Reed as a Non-Executive Director and Jeff Bowen as Study Manager for the PFS/DFS. Rob Klug has moved from the Board to a full-time role as Chief Legal and Financial Officer.
American Tungsten & Antimony (ASX: AT4) delivered the strongest drilling results to date from the Little Emma Prospect at its 100%-owned Antimony Canyon Project in Utah, with high-grade antimony intersections confirming the scale and continuity of the mineralised system. Key results include 10.37m at 3.98% Sb including 4.57m at 8.56% Sb, and 5.73m at 2.80% Sb including 1.95m at 8.09% Sb, extending previously reported high-grade mineralisation along strike. The results support a large-scale stratabound hydrothermal antimony system that remains open in multiple directions, with further drilling planned across the Company's patented claims and new target areas including Blackjack, Mammoth, Stella and Stebenite. Covered by Proactive and Small Caps.
Koonenberry Gold (ASX: KNB) reported encouraging results from a diamond drill program at the Postman’s Gully Prospect at its Enmore Project, NSW, testing the Borah Fault, including 12m at 1.02g/t Au from 227m, incl. 4m at 2.54g/t Au. Best mineralisation was intersected ~190m vertical beneath historic workings and remains open in multiple directions. Activities are progressing on multiple fronts including drill planning and approvals for the high-grade Queen of Sheba Prospect, where rock sampling returned up to 87g/t Au.
Iltani Resources (ASX: ILT) received assay results from RC drillholes ORR141 to ORR147, the first holes completed as part of a 110 drill hole program underway at the company’s Orient Silver-Indium Project in Herberton, North Queensland. Drilling to date has been an outstanding success, intersecting broad zones of mineralisation and high-grade silver-indium rich massive sulphide veins with peak results of 1m @ 207 g/t Ag, 626 g/t In, 1.6% Pb & 11.1% Zn in ORR142 and 1m @ 279g/t Ag, 523 g/t In, 4.2% Pb and 9.4% Zn in ORR147.
Desert Metals (ASX: DM1) defined a major new gold target at the Nyan Prospect within its Adzopé Gold Project in Côte d’Ivoire, with maiden soil sampling identifying a +7km gold-in-soil anomaly that remains open in both directions. Results include exceptional peak values of 6.04g/t gold and 3.63g/t gold in soil samples, with Nyan located directly along strike from the King Kong discovery where drilling returned 17m at 7.5g/t gold. The anomaly is entirely untested by drilling, with Desert planning infill sampling, geophysics and a maiden 6,750m aircore drilling program to test the high-grade zones.
Strata Minerals (ASX: SMX) received the final assay results from its rock chip sampling program at the Zelica South Gold Project in Western Australia, further validating the project's exploration potential. Samples returned assays of up to 11.78 g/t gold and 19.5 g/t silver, confirming widespread structurally controlled gold anomalism across 6km of strike within a broader 9.5km gold corridor. Covered by Stockhead
Ark Mines (ASX: AHK) produced commercial-grade rare earth and titanium products from metallurgical test work at the Sandy Mitchell Project, including a high-grade rare earth concentrate grading 54.8% TREO and a premium leucoxene concentrate grading 73.5% TiO₂. The results support the potential to generate saleable products using simple processing methods, with further optimisation work underway across additional mineral product streams. Covered by Mining.com.au and Stockhead.
Sierra Nevada Gold (ASX: SNX) appointed Adam Oehlman as CEO. His appointment represents an important step in strengthening the company’s executive capability as it enters an accelerated growth phase across its Saudi Arabian and Nevada project portfolio.
Sunshine Metals (ASX: SHN) agreed to sell its non-core Hodgkinson Project in Queensland to EQ Resources for $250,000 cash, allowing the Company to sharpen its focus on the Ravenswood Consolidated Project, Liontown and the Sybil epithermal gold field. The divestment further strengthens Sunshine’s cash position as it advances engineering, permitting and construction activities at the Mt Moss Gold Plant ahead of planned gold production from Liontown in mid-2027. Key upcoming milestones include the Liontown gold Resource upgrade, updated Gold Mining Study and commencement of drilling at Sybil.
EQ Resources (ASX: EQR) announced that it has entered into a binding heads of agreement with Sunshine (Triumph) Pty Ltd, a subsidiary of Sunshine Metals Limited, {“SHN”) to acquire a 100% legal and beneficial interest in the prospective Hodgkinson tenement package adjacent to its Mt Carbine tungsten operation.
Chariot Resources’ (ASX: CC9) U.S. subsidiary, FMS Lithium Corporation (“FMS”), staked 573 additional mining claims at Resurgent East, significantly expanding Chariot’s strategic footprint in the McDermitt Caldera which straddles the Nevada-Oregon border in the United States.
Evergold Minerals (ASX: EG1) provided an update on activities at its flagship Craig's Rest Prospect, part of the wholly owned Leonora Goldfields Project in Western Australia. Craig’s Rest contains a 48,600oz Au JORC (2012) Inferred Mineral Resource within a broader project endowment of 63,000oz Au. With environmental studies now underway and two field programs about to commence, Evergold is advancing Craig’s Rest on two parallel fronts, strengthening the technical foundations for future development while also testing the remaining resource upside across the prospect.
North Stawell Minerals’ (ASX: NSM) follow-up diamond drilling program has commenced at the Darlington Prospect in Victoria. The program is designed to test extensions beneath the highgrade gold intersections returned from multiple drilling campaigns completed between January 2025 and May 2026.
Novo Resources Corp. (ASX: NVO) (TSX: NVO) announced an Inferred Mineral Resource of 87,000 oz gold (760,000 tonnes at 3.6 g/t Au) for the Leven Star Reef at the Belltopper Gold Project. Mineralisation remains open, supporting growth potential, with further resource expansion opportunities across multiple reefs and drilling planned for H2 2026.
4:02 pmClaude responded: Cue Energy Resources (ASX: CUE) has reaffirmed its Independent Board Committee's unanimous recommendation that shareholders reject Horizon Oil's unsolicited ta…Cue Energy Resources (ASX: CUE) has reaffirmed its Independent Board Committee's unanimous recommendation that shareholders reject Horizon Oil's unsolicited takeover offer and take no action. Horizon has declared its consideration best and final, secured acceptances for only ~2.4% of Cue shares, and has not declared the offer unconditional. The offer closes 19 June 2026.
Native Mineral Resources (ASX: NMR) reported its strongest metallurgical performance in May since restarting production at Blackjack Gold Project in Queensland last year. It produced four gold doré bars totalling 488.5oz in its latest smelt this week.
INDUSTRIALS
DXN Limited (ASX: DXN) raised A$7.0 million via a placement to new institutional investors. The raise follows DXN's maiden AI High Performance Computing (HPC) modular data centre contract worth A$8.8 million with a US-listed neo-cloud operator, and the proceeds will be used to fund delivery of that contract, expand manufacturing capacity in Southeast Asia, and pursue further growth in the rapidly growing AI compute infrastructure market.
Metal Powder Works (ASX: MPW) signed a Powder Partner Program (PPP) agreement with Jet Metals Inc, a leading US powder blending and remill supplier to the Press & Sinter(P&S) industry. The agreement marks MPW's first foray into the P&S copper add-mix market. Under the agreement, Jet Metals will evaluate MPW's copper alloy powders which will be blended with iron-based powders to manufacture high-volume structural components such as gears and oil-pump gears used in automotive and industrial applications. Testing is expected to conclude within 3–4 months, and if proven successful, it is anticipated to lead to a commercial offtake agreement with volumes of approximately 40–60 tonnes per annum at full ramp.
Sparc Technologies (ASX: SPN) has announced that Petro Vietnam Paint (PV PAINT) will incorporate its ecosparc® graphene additive into the PERAPHENE range of protective coatings, the first international coatings product range to feature ecosparc®. The decision follows testing demonstrating improved anticorrosion performance, with commercial availability of the PERAPHENE range expected in Q3 2026.
ENERGY
Lakes Blue Energy (ASX: LKO) is advancing production testing at its Wombat-5 gas well, with pressure building to 1,800 PSI confirming a gas-charged reservoir across a ~1,500 metre horizontal section. Three gas-bearing zones and a minimum of 237 metres of high-quality gas-bearing sands have been identified, with propellant enhanced perforating planned over the highest quality sands to achieve commercial gas flowrates. Next operations are targeted for late August 2026, subject to regulatory approvals.
Prominence Energy (ASX: PRM) has received independent laboratory confirmation of elevated helium and natural hydrogen anomalies across its PEL 803 licence on the Eyre Peninsula, South Australia. Analysis returned helium up to 63 ppm (12x atmospheric background) and hydrogen up to 3,427 ppm (6,200x background), with 64% of samples containing elevated hydrogen. Data integration and drill target ranking are now underway ahead of seismic acquisition.
TECHNOLOGY
Swift TV (ASX: STV) announced a new five-year deal to deploy its digital platform to Chevron and a successful $2.3 million capital raising and debt conversion. Covered by
BIOTECH
ReNerve (ASX: RNV) appointed UG Medical as its distribution partner for Malaysia, expanding commercialisation of the NervAlign® product range into a healthcare market serving approximately 33 million people. UG Medical will manage importation, regulatory activities, warehousing, marketing, sales and distribution, while ReNerve provides clinical and technical support. The agreement follows regulatory clearance of NervAlign® in Malaysia earlier this year, with the Company also targeting the launch of its nerve conduit product later in 2026.
ReNerve has also entered into a product supply partnership agreement with J4 Biologics, headquartered in San Antonio, Texas, for the manufacture of its proprietary Empliq™ product range. J4 has been appointed as ReNerve’s second approved manufacturing partner, alongside the Company’s existing supplier, as ReNerve continues to scale its commercial operations in response to growing demand.
Imricor (ASX: IMR) submitted the third Premarket Approval (PMA) module for U.S. Food and Drug Administration (FDA) review. The module covers non-clinical bench testing, including design, execution and results of all non-clinical bench testing results. The remaining The remaining Module 4 is the clinical module, comprising data from the Company's VISABL-AFL trial which is in the later stages of completion.
Tetratherix (ASX: TTX) received further research validation on its Tetramatrix platform polymer, which confirmed it forms a protective, adhesive career on the nasal lining. The research, conducted by the Woolcock Insitute of Medical Research, demonstrated the polymer shields fragile compounds from degradation and enables direct absorption into the bloodstream, with no needle required. Key results include greater than 99% compound encapsulation, protection from enzymatic degradation, and statistically superior delivery to the bloodstream.
CORPORATE NEWS
Cue Energy Resources (ASX: CUE) has reaffirmed its Independent Board Committee's unanimous recommendation that shareholders reject Horizon Oil's unsolicited takeover offer and take no action. Horizon has declared its consideration best and final, secured acceptances for only ~2.4% of Cue shares, and has not declared the offer unconditional. The offer closes 19 June 2026.
Heavy Rare Earths (ASX: HRE) appointed Jason Barnett as Managing Director and Chief Executive Officer. Jason brings more than 20 years of mining industry experience across the critical minerals and gold sectors in Australia and Canada. His extensive expertise is supported by a strong technical background developed through operational roles, resource geology consulting, and project management. His appointment represents a significant milestone for the Company as it progresses its critical minerals portfolio and moves towards its inaugural drilling program. Covered by Stockhead.
EQ Resources (ASX: EQR) entered into a binding heads of agreement with Sunshine (Triumph) Pty Ltd, a subsidiary of Sunshine Metals Limited, to acquire a 100% interest in the prospective Hodgkinson tenement package adjacent to its Mt Carbine tungsten operation in north Qld.
Sparc Technologies (ASX: SPN) has obtained a dual listing on the OTCQB Venture Market in the United States, commencing trade on 10 June 2026. The uplisting driven by growing interest from North American retail and high net worth investors replaces the Company's prior OTC Pink listing and follows the international commercial traction of its ecosparc® graphene additives. No new shares will be issued, and the ASX remains Sparc's primary exchange.
