METALS, MINING AND ENERGY
Brazilian Critical Minerals (ASX: BCM) completed the restoration phase of ISR field trials at the Ema Project in Brazil, successfully re-balancing clay chemistry back to natural conditions. The results mark a key environmental milestone and final stage of field trials, supporting regulatory approvals and advancing the project toward rare earth production.
Wildcat Resources (ASX: WC8) completed Stage 1 metallurgical testwork for the Chewy lithium and Tabba Tabba tantalum resources as part of its Definitive Feasibility Study for the Tabba Tabba Project in WA. The work confirmed viable processing pathways for both resources, with Chewy capable of producing >5.5% Li₂O spodumene and >4.2% Li₂O petalite concentrates, while Tabba Tabba delivered >5% Ta₂O₅ concentrates via simple gravity processing. These results unlock potential to convert waste into ore, improve project economics, and enhance early mine life value. Wildcat remains fully funded to complete the DFS with $51.2M in cash.
Kaiser Reef (ASX: KAU) boosted processing capacity at its Henty Gold Mine, increasing throughput by 33% to reach an annual run rate of 400,000 tonnes. The upgraded performance surpasses the plant’s original nameplate capacity and signals a rise in gold production at the site. Recent trials confirmed the facility can operate at higher levels than it has in the past two decades, setting a new benchmark for the operation. Covered by The West Australian, The Sydney Morning Herald & Next Investors
The company also reported an updated JORC-2012 compliant Mineral Resource Estimate and Ore Reserve Estimate for the Henty Gold Mine, outlining a revised Mineral Resource of 438koz @ 3.3g/t Au and an Ore Reserve of 199koz @ 3.3g/t Au - representing a 29% increase in Reserves.
Strategic Energy Resources (ASX:SER) commenced a 2,000m diamond drilling program at the Canobie Farm-in Joint Venture Project in northwest Queensland, targeting two promising gravity and magnetic Iron Oxide Copper-Gold (IOCG) anomalies.
Lotus Resources (ASX: LOT) provided results from the latest metallurgical testwork program at its Letlhakane Uranium Project in Botswana, which assessed and demonstrated the viability of a reduced acid flowsheet for uranium processing. Combined with production from the company’s Kayelekera project, Letlhakane will further position Lotus as a globally significant long-term U3O8 producer.
Drilling hit extremely high-grade silver and gold outside the current Resource at Andean Silver’s (ASX: ASL) Cerro Bayo Project in Chile. Intersections of up to 3,224g/t silver and 21.9g/t gold continue to extend the known mineralisation, which remains open in numerous lodes. Covered by Small Caps.
BCM has also produced its first export-quality Mixed Rare Earth Carbonate (MREC) grading 50% TREO from ISR field trials. The batch was generated from 1,000L of low-grade pregnant leach solution (326ppm TREO), delivering ~300g of high-grade product under real field conditions. Optimisation work with ANSTO is now underway ahead of the Definitive Feasibility Study.
Power Minerals (ASX: PNN) will launch a 10,000m drilling program at its Santa Anna Project in Brazil, targeting extensions of high-grade rare earths and niobium mineralisation within the Santa Anna Alkaline Complex. The first 2,000m RC drilling phase begins in November to follow up broad, high-grade zones identified in earlier programs, with results to be reported progressively. A drone magnetic survey will guide further drilling, with a 6,000m RC and diamond program planned for early 2026. Only ~11% of the 5.8km² complex has been tested, highlighting the project’s significant scale potential. Covered by Stockhead
Falcon Metals (ASX: FAL) is ramping up drilling activity at Blue Moon Gold Project, located directly north of the 22Moz Bendigo Goldfield in Victoria. A second diamond drill rig has commenced a 200m step-out drilling targeting the continuation of the high-grade Garden Gully line of reef, where previous intersections include standout results such as 1.2m @ 543g/t Au and 6.5m @ 33g/t Au.
Native Mineral Resources (ASX: NMR) signed a binding term sheet with Great Divide Mining Ltd (ASX GDM) to form a unincorporated Joint Venture to mine and process ore from GDM’s Yellow Jack Gold Project at NMR’s Blackjack Operations, North Qld. The profits from the venture will be split 50/50, with all mining, haulage and processing costs to be covered by GDM. Covered by Small Caps and Industry Queensland.
Victory Metals (ASX: VTM) delivered significant grade increases at North Stanmore for Terbium, Dysprosium and Scandium, three of the most in-demand metals for defence and high-tech supply chains. To achieve this, Victory used a simple low-cost size-by-fraction separation on ore from the project, increasing Terbium grades by 53%, Dysprosium by 25% and Scandium by 100%. Victory’s mix of heavy rare earths and critical minerals at North Stanmore has captured the attention of the United States as it seeks non-Chinese supply of these metals, as covered by the Australian Financial Review.
Following exceptional drill results which extended mineralisation by more than 650m beyond the Resource at FireFly Metals’ (ASX: FFM) Green Bay Copper-Gold Project, Managing Director Steve Parsons caught up with Proactive to discuss. The company also shared photos from drilling at Green Bay, where eight diamond rigs are currently operating (six underground and two on surface) to upgrade the current Mineral Resource, extend known mineralisation and target new regional discoveries.
Yari Minerals (ASX: YAR) commenced its inaugural drilling program at the Rolleston South Coal Project in Queensland’s Bowen Basin. The 2,000m program, managed by Xenith Consulting, is designed to confirm the presence of semi-soft metallurgical coal, upgrade part of the 190Mt JORC Resource to Indicated status, and complete geotechnical testwork to support future studies. Results are expected in Q1 2026. Covered in Mining.com.au & Industry Queensland.
Gladiator Metals (ASX: TSXV) reported initial results from Induced Polarization (IP) and extension to ongoing gravity geophysical surveys, revealing significant untested anomalies at Chief’s Trend and Cowley Park. The data from these surveys indicate strong potential for undiscovered mineralisation, leading to the identification of two high-priority drill targets that will be the focus of upcoming exploration. Covered by Junior Mining Network and Yahoo Finance
Connected Minerals (ASX: CML) reported strong uranium grades continue at its Etango North-East Project in Namibia, with 17 of the 23 holes completed in Phase 2 drilling at the Ondapanda Prospect delivering economic grades. Over 80% of all holes drilled to date at Etango North-East (Phases 1 and 2) have returned economic uranium grades. Covered by Mining.com.au
Western Yilgarn (ASX: WYX) reported ground exploration planning is underway targeting high-grade gallium mineralisation at its Ida Holmes Junction Project in Western Australia. This work follows exceptional rock-chip results up to 195.5 g/t Ga (262.79 g/t Ga₂O₃) and several others above 130 g/t Ga, confirming the strong gallium potential identified earlier this year. Covered by Stockhead
Larvotto Resources (ASX: LRV) reported strong first-pass diamond drilling results from the Blacklode Prospect at its Hillgrove Antimony-Gold Project in NSW. The program intersected wide, consistent zones of antimony and gold mineralisation, including high-grade, near-surface results such as 15m @ 5.24g/t AuEq from 42m and 14.8m @ 3.48g/t AuEq from 95m. These results confirm the western extension of the Blacklode structure and will feed into the upcoming Resource and Reserve upgrade for the Metz Mining Centre.Covered by SMH and Mining.com.au
Charger Metals (ASX: CHR) commenced a ~3000 Reverse Circulation (RC) drilling program at its Lake Johnston Lithium and Gold Project in WA, targeting six untested LCT pegmatite zones at the Whitten and Mt Gordon prospects. The campaign follows the Maiden Inferred Resource estimate for the Medcalf Lithium Deposit of 8.2Mt @ 1.0% Li2O and Medcalf West Exploration Target of 3 – 5Mt @ 1.0% - 1.4% Li2O has been defined, located ~ 400m to the west of Medcalf.
Element 25 (ASX: E25) appointed Altris Engineering as lead engineering consultant for the Butcherbird Expansion Project in WA, marking the start of detailed design and project execution. The expansion will lift production to 1.1Mtpa manganese ore, supporting E25’s planned HPMSM facility in Louisiana, USA. The project is fully permitted, positioning E25 to deliver low-carbon, battery-grade manganese for U.S. EV supply chains.
Axel REE (ASX: AXL) expanded its Caladão Project in Brazil’s Lithium Valley, with the grant of three new exploration licences totalling 867 hectares. The new tenements are directly contiguous with the existing Area A, where there is a significant 233Mt Inferred REE resource grading 2,143ppm TREO and a 100Mt gallium resource at 41ppm Ga. A 49-hole auger drilling program has commenced across the newly granted licences to identify gallium-rich laterites and REE-enriched horizons within the same geological setting that hosts the existing resources. Covered by Mining.com.au
Krakatoa Resources (ASX: KTA) commenced a detailed underground drone LiDAR and gas inspection survey at its Zopkhito Antimony-Gold Project in Georgia. The advanced Elios-3 drone program is safely mapping historic adits to identify sampling zones and align historical channel data with new high-precision LiDAR imaging. This will provide valuable 3D geological insight to support Krakatoa’s dual-rig drilling campaign and JORC conversion of the historical foreign estimate (225,000 tonnes @ 11.6% Sb and 7.1 Mt @ 3.7 g/t Au). Covered by Mining.com.au and Proactive.
Argent Minerals (ASX:ARD) completed diamond drillhole AKDD210 testing over Lode 200 at its Kempfield Silver-Polymetallic Project in NSW, reaching a total depth of 320.7 metres. The drillhole was collared 120 metres along strike from AKDD208, which previously intersected extensive high-grade silver and base metal mineralisation - 145m @ 87.66 g/t AgEq from 20m.
Evergreen Lithium (ASX: EG1) received PoW approvals from DMIRS authorising RC drilling to commence at its Mt Monger Gold Project in Western Australia. Drilling will target the flagship Duchess of York Prospect and Kiaki Soaks Prospect where high-priority gold targets were identified in recent site reviews. This milestone enables Evergreen to immediately advance the program, with site preparation and contractor engagement already in progress. Covered by The Market Bull
Kali Metals (ASX: KM1) is advancing its exploration programs across both the Marble Bar Gold and Higginsville Lithium Projects in Western Australia. At Marble Bar, the approvals process for the maiden gold drill program is well underway, with the Company finalising the DBCA’s recommendations to allow drilling to commence. Meanwhile, at Higginsville, the planned soil sampling program has been significantly expanded from approximately 7,400 to around 10,400 samples, targeting areas of the project that have not previously been explored for lithium.
Bellevue Gold (ASX: BGL) released its September Quarterly, highlighting a strong development quarter and expected production growth through FY26. September 2025 quarterly gold production was 29,120oz, and gold sold totalled 29,670 oz at an average realised price of A$4,443/oz (after early delivery of 9.5koz into the hedge book) and a project AISC of A$3,293/oz, ahead of internal budgets.
Cygnus Metals (ASX: CY5) released a video update providing an overview of its high-grade Chibougamau Copper-Gold Project in Quebec, Canada. Read more about Chibougamau in the company’s October 2025 investor presentation.
A systematic exploration program commenced across Perpetual Resources’ (ASX: PEC) Igrejinha and Renaldinho projects in Minas Gerais, Brazil. The program marks the next phase of the company’s regional exploration strategy, following the recent discovery of a high-grade polymetallic LCT pegmatite system at Igrejinha.
OIL & GAS
Cue Energy (ASX: CUE) announced a new Gas Supply Agreement with McArthur River Mining for 0.37 PJ (net to Cue), plus an additional ‘as available’ gas supply during 2026–2027. The firm GSA includes take-or-pay provisions and CPI-linked pricing. Cue holds a 7.5% interest in the Mereenie Joint Venture, alongside Echelon Resources (42.5%), Horizon Oil (25%), and Central Petroleum (25%, Operator).
RENEWABLE ENERGY
Last week Provaris Energy (ASX: PV1) announced the establishment of an Innovation Centre in Fiskå, Norway, to operate a robotic cell for the fabrication and testing of our proprietary tank designs for H2 and LCO2 and showcase the cost and production efficiencies for large scale tank manufacturing. The facility establishes a strategic asset for the company to develop and operate a fully automated, robotic production cell with potential to scale-up to produce commercial tanks. Hear CEO and Managing Director Martin Carolan discuss with Proactive.
BIOTECH
Radiopharm Theranostics (ASX: RAD) received firm commitments for a A$35 million raising to fund drug manufacturing, clinical trials and working capital, extending the funding runway into 2027 and past a number of key milestones, via a strongly supported institutional placement to new institutional and sophisticated investors. Lantheus continued its support as a strategic investor with A$7.6m investment in the placement. Covered by Australian Financial Review.
The Company also announced an update on its pipeline of clinical programs and outlined expected milestones through the end of 2025 and into 2026.
ImmVirX presented promising clinical data on IVX037 at ESMO 2025, highlighting its activity in MSS-CRC and ovarian cancer. Disease control was observed in several MSS-CRC patients with liver metastases, especially those harbouring KRAS/BRAF mutations.
TECHNOLOGY
Iondrive (ASX: ION) signed a Binding Term Sheet with LAT66 (ASX: LAT) to apply its DES technology to concentrates from the Kuusamo projects in Finland, one of Europe’s largest undeveloped cobalt deposits. This first use of DES on virgin mining concentrates expands beyond recycling and underscores its potential as a platform for both mining and recycling, with 98.6% cobalt recovery already demonstrated from black mass. Covered in Stockhead.
Rubicon Water (ASX: RWL) announced five contract wins across multiple geographies this week with a total value of A$8.3 million. Four of the contracts represent the first wins of the 12-month sales pipeline of 18 strategic projects flagged at the Company’s FY25 results. This included a A$2.3 million contract for the Glenn-Colusa Irrigation District in the US, marking Rubicon’s first contract funded by a private entity under sustainability commitments, and a A$1.8 million contract for the second phase of the Guanacaste region project in Costa Rica.
Etherstack PLC (ASX:ESK) announced a significant contract with the UK home office valued at approximately $30 million. Under the agreement Etherstack will provide software and services to the UK’s Emergency Service Network for the next 5 years.
CORPORATE NEWS
Power Minerals (ASX: PNN) began the process to list on the U.S. OTCQB Market following strong investor interest in its proposed acquisition of the Gamma Heavy Rare Earths and Uranium Project in California. Power has appointed Ellis Martin as its U.S. Corporate Advisor to lead engagement and promotion, marking a key step toward future uplisting opportunities such as the NASDAQ and strengthening its position in the growing North American critical minerals sector. Covered by Stockhead.
Magmatic Resources (ASX: MAG) secured commitments for a $3.0 million placement at $0.061 per share, with strong participation from existing and new investors. Major shareholder FMG Resources Pty Ltd increased its holding from 18.32% to 19.9%.Funds raised will accelerate drilling at the Weebo Gold Project, where a new campaign is set to commence in November, and support ongoing work across the Company’s East Lachlan copper-gold assets. Covered by Stockhead.
Lincoln Minerals (ASX: LML) appointed Chris Wilcox as CEO and Greg English as Non-Executive Chair, strengthening its leadership as it enters a new growth phase. Chris brings 20+ years of exploration and business development experience, while Greg has three decades in mining, law, and governance. Outgoing CEO Jonathon Trewartha and Director Julian Babarczy stepped down after guiding key project milestones. Ryan Smith remains on the Board as Non-Executive Director. Covered by Mining.com.au
Middle Island Resources (ASX: MDI) appointed Daniel Raihani as Non-Executive Chairman to lead the company through its transformational acquisition of Konstantine Resources. Daniel brings extensive business experience across several industry sectors and jurisdictions, with a strong background in business development, operational strategy, and stakeholder engagement.
Heavy Rare Earths (ASX: HRE) appointed Gabriel Chiappini as Non-Executive Chairman, marking a key step in the Company’s Board transition aimed at accelerating exploration across its highly prospective portfolio. A Chartered Accountant with 25 years’ experience in capital markets, private equity, and governance, Gabriel has served as a Non-Executive Director since February 2025 and will drive value creation across HRE’s asset portfolio.
Alice Queen (ASX: AQX) received firm commitments to raise $1 million through a placement at $0.004 per share, with every two shares to include one free-attaching option (exercisable at $0.008, expiring 30 June 2028, subject to shareholder approval). Funds raised under the placement are proposed to be used for the Horn Island resource update, further exploration at the Viani Gold Project in Fiji and for general working capital. Covered by Mining.com.au
PainChek (ASX: PCK) appointed Sasha Grant as Head of Growth for the PainChek Infant App. Based in Sydney, Sasha is an experienced business leader in Direct-to-Consumer Apps and online technology having worked with significant global brands including Expedia Group, WikiCamps App (GDAY Group) and EBAY, with tenures in both Australia and the UK.
Avecho (ASX: AVE) received firm commitments from sophisticated and institutional investors to raise $2.5m (before costs) by way of a single tranche placement. The Company is approaching completion of recruitment for the first cohort of patients in its pivotal Phase III clinical trial evaluating its proprietary CBD TPM® capsule for the treatment of insomnia.
Completion of this cohort will support the planned interim analysis, which will provide the first indication of the product’s clinical performance.
.png?upscale=true&width=1120&upscale=true&name=Weekly%20Wrap%20section%20dividers%20(1200%20%C3%97%20180px).png)
