Weekly Wrap
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Metal Powder Works (ASX: MPW) completed a $15 million placement to institutional investors to accelerate its growth strategy, focusing on scaling production output, growing market share and expanding its product offering of high-precision metal powders.

 

With antimony and gold prices in record territory, Krakatoa Resources (ASX: KTA) continued to ramp up its 7,000-10,000m maiden drilling campaign at the Zopkhito Antimony-Gold Project in Georgia, with a second rig now operating. Krakatoa followed up the drilling milestone by completing a strongly supported capital raise. Covered by Mining.com.au and Proactive. 

 

Aurum Resources (ASX: AUE) reported high-grade gold hits from step-back diamond drilling with grades up to 143.58 g/t Au at the Tchaga deposit within its 0.87Moz Napié Gold Project, Côte d’Ivoire. Intercepts include 17m @ 9.38 g/t Au from 236m, extending mineralisation to 340m depth. Aurum’s 30,000m drilling program aims to confirm extensions to high-grade shoots and underpin a Napié resource update later in 2025. Covered by Business News


FireFly Metals (ASX: FFM) will join the S&P/ASX 300 Index, effective prior to market open on 22 September, 2025, after the S&P Dow Jones Indices announced changes to the S&P/ASX Indices following a September quarterly review.

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Ord Minnett reiterated Lotus Resources (ASX: LOT) as its top uranium pick in latest research released late last week. “We consider LOT’s decision [to raise equity] prudent as it is raising from a position of strength (+43% share price movement over the past-month; and narrow 1.6% discount to 10-day VWAP) and it de-risks the mine ramp up phase," Senior Research Analyst Matthew Hope wrote.

 

Canaccord released updated research on Robex Resources (ASX: RXR) this week, with a price target increase to A$5.70, up from A$5.50. "Robex Resources (RXR-ASX/RBX-TSXV) is making strong progress advancing its Kiniero Gold Project in Guinea, remaining on track for the first gold pour in the DecQ'25," analyst Paul Howard wrote. "Construction and drilling activities are nearing key milestones, positioning Kiniero as a significant gold operation in the region and on our reckoning, the next gold producing asset on the ASX."

 

Petra rates Element 25 (ASX: E25) as a BUY with a $1.63 target – a 387% upside from its current price of $0.335. The restart of the Butcherbird Manganese Mine and the US battery-grade manganese sulphate plant positions E25 as a vertically integrated critical minerals supplier. “E25’s re-entry into the market is well timed.” US$166m in DoE grants and US$115m from Stellantis & GM support the Louisiana refinery. First production from Butcherbird is forecast for early 2027.


Argonaut’s latest report on Kaiser Reef (ASX: KAU) maintained a SPEC Buy rating with a price target of $0.45/sh, nearly 100% upside from its price of $0.23 at the time of writing. Key near-term catalysts for KAU include drilling and development progress at its Maldon Gold Mine in Victoria, along with continued and consistent free cash flow generation from the Henty Gold Mine in Tasmania.

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METALS, MINING AND ENERGY

 

Trigg Minerals (ASX: TMG) completed a conceptual study with Metso confirming the design of a state-of-the-art antimony smelter using Ausmelt technology. The proposed facility would produce 5,000tpa of high-purity antimony ingot and trisulfide, establishing one of the only mine-to-metal supply chains in the Western world. Trigg will also seek shareholder approval at its November AGM to change its name to American Antimony and Tungsten Ltd.

 

Sierra Nevada Gold (ASX: SNX) identified further high-grade gold targets at its New Pass Project in Nevada including 39.8g/t Au from laminated quartz vein and 23.3g/t Au from a sub-parallel vein.  Bulk sampling of New Pass’ Superior Vein is planned for Q4 2025. Covered by Stockhead

 

Enova Mining (ASX: ENV) confirmed widespread, near-surface titanium, rare earth element (REE) and niobium mineralisation across 12km² at CODA Central in Brazil. Auger drilling returned standout grades including 25m @ 14.54% TiO₂, 26m @ 3,428ppm TREO with 22% NdPr, and 24m @ 916ppm Nb₂O₅, reinforcing CODA Central’s potential as a large-scale, multi-commodity critical minerals discovery.

 

Axel REE (ASX: AXL) expanded its Caladão REE-Gallium Project in Brazil’s Lithium Valley, after identifiing a new gallium-rich zone at Area C, in addition to further high-grade gallium and rare earth mineralisation at Area B. Auger drilling returned standout results such as 8m @ 70g/t Ga₂O₃ from surface at Area C and results at Area B included 17m @ 69g/t Ga₂O₃, alongside broad REE intervals grading up to 2,311ppm TREO with strong magnetic rare earth content. Covered by Stockhead

 

Victory Metals (ASX: VTM) identified multiple ultra-high heavy rare earth oxide zones at its North Stanmore Project in WA, with 26 high-value zones identified with HREO/TREO ratios of up to 83%. These discoveries, coupled with surging global heavy rare earth prices, reinforce Victory’s unique positioning as one of the world’s most advanced heavy rare earth clay projects. Covered by Mining.com.au

 

North Stawell Minerals (ASX: NSM) will commence drilling to investigate the high-grade gold results intersected at the Darlington Prospect during the previous drill campaign in Jan-Mar 2025. Darlington is a priority target within the North Stawell Project in Victoria, which has potential for repeats of the mineralisation at Stawell, 6km to the south. 

 

Metro Mining’s (ASX: MMI) Bauxite Hills Operation shipped 753,101 Wet Metric Tonnes (WMT) in August 2025, representing a 6% increase in shipped production relative to August 2024.

 

Auric Mining (ASX: AWJ) wrapped up its final toll mining campaign at the Jeffreys Find Gold Mine with expectations of receiving $29 million from the project’s milling campaign.  To date 1,541 ounces of gold have been sold through the  Perth Mint at an average price of $5,139.25 per ounce delivering Auric a further $1.0 million in interim cash surplus distribution.  Covered by Mining.com.au.  The company also completed the purchase of the WIN Assets including the mine camp, nickel rights and water assets to enhance mining operations at its Munda Gold Mine. Covered by Mining.com.au and Brisbane Times

 

Rubix Resources (ASX: RB6) has signed a non-binding deal to acquire bauxite projects in Cameroon and the Republic of Congo under staged cash, share and performance-based terms. The company also completed 1,210m of drilling at its Paperbark Project in Queensland, with assays due late September and support from a $275,000 state CEI grant.

 

Koba Resources (ASX: KOB) commenced a 2,500m follow-up drill program at its Yarramba Uranium Project in South Australia targeting the extensions of high-grade mineralised trends that were discovered at the Berber and Chivas Prospects during the Company’s maiden drilling program in 2024-25 where results included 1.6m @ 1,026ppm U3O8.

 

Magmatic Resources (ASX: MAG) commenced a maiden drilling program at its Weebo Gold Project in the Eastern Goldfields region of Western Australia. Drilling will focus on several advanced targets, comprising approximately 3.700 metres in total. Weebo sits strategically in the middle of five multi-million-ounce gold mines: Darlot (Vault Minerals Ltd), Agnew–Lawlers (Gold Fields Ltd), Bellevue (Bellevue Gold Ltd), Bronzewing (Northern Star Resources Ltd) and Thunderbox (Northern Star Resources Ltd). Covered by Stockhead

 

Kaiser Reef (ASX: KAU) completed a strategic review of its A1 Gold Mine in Victoria resolving to redirect its focus to the Henty Gold Mine in Tasmania and development of its Maldon Gold Mine, where drilling is currently underway.  Covered by Australian Mining Monthly and MiningNews.net 

 

Premier1 Lithium (ASX: PLC) signed a LOI with Mineral Mining Services to advance the Wadgingarra Mineral Resource. MMS will fund and manage development with profits shared after cost recovery, reducing our upfront capital needs while keeping exposure to upside. The LOI also sets a framework for a Drill-for-Equity Agreement at Yalgoo to accelerate exploration. Covered in Mining.com.au

 

Helios Energy (ASX: HE8) defined a ~15,500 acre unconventional “sweet spot” at its Presidio Oil & Gas Project in West Texas and identified at least five conventional drill-ready targets. The Company will bring two existing wells into production for early cashflow and data, before drilling additional test wells to de-risk the acreage, while selectively farming out conventional prospects to reduce capital exposure and retain upside. Covered in Finance News Network. 

 

Strategic Energy Resources’ (ASX: SER) gravity modelling has identified priority targets for testing at the Canobie Farm-in Joint Venture Project in North West Queensland. With multiple priority targets identified and budgeted for testing over the next twelve months, site preparations are underway for the diamond drill program scheduled to commence this quarter. Covered in mining.com.au and Discovery Alert

 

IRIS Metals (ASX: IR1) secured an extensive portfolio of private lands and federal mineral claims across the Black Hills of South Dakota totalling 8,065 hectares from Rapid Critical Metals (ASX: RCM) including the Bob Ingersoll Mine, a former lithium and beryllium producer.  This acquisition grows IRIS’ private land holdings to over 41 hectares, providing additional access to projects that can be quickly advanced to production. Covered by Small Caps, ShareCafe and Finance Network News

 

Everest Metals (ASX: EMC) commenced a 2,500 reverse circulation and diamond drilling program as it looks to upgrade and expand the existing Inferred Resource of 3.6Mt at 0.22% Rb2O (rubidium) at the Mt Edon Critical Minerals Project in Western Australia. Covered by Stockhead and Discovery Alert

 

Drilling is progressing well at Lakes Blue Energy’s (ASX: LKO) Wombat Gas Field, with the Company reaching its target Strezlecki Formation. In daily updates, Lakes is reporting excellent natural gas shows up to 2,910 units or 581,000 ppm, as the proposed 1,500 metre horizontal well continues to drill towards the target overall drilling depth of 3,050 mRT MD. Lakes is targeting commercial production from Wombat, which hosts a 2C contingent resource of 329 BCF, part of a combined 719 BCF resource with neighbouring fields.

 

Argent Minerals (ASX: ARD) completed its diamond drilling over Lodes 100 and 200 at its Kempfield Silver-Polymetallic Project in NSW, Australia’s second largest undeveloped silver deposit. Assay results are expected by late September. Metallurgical core will be sent to Auralia Metallurgy to commence new Heap Leach and CIL/Flotation testwork. Encouraging field observations support expanded drilling at Lode 200.

 

New Frontier Minerals (ASX: NFM) appointed GeoDrill Australia to undertake a maiden Reverse Circulation drilling program at the Harts Range Project, near Alice Springs in the Northern Territory. All environmental and regulatory applications for land access have been lodged, with drilling to commence on receiving final approvals. Covered by Discovery Alert

 

Alligator Energy (ASX:AGE) commenced drilling at the Samphire Uranium Project, South Australia as part of constructing its in-situ Field Recovery Trial (FRT). Watson Drilling and  downhole wireline geophysical contractors commenced drilling the first wellhead pattern. The SA Department for Energy and Mining confirmed that all conditions have been met, to enable commencement of on-ground activities associated with the FRT. Covered by Mining.com.au

 

Midas Minerals (ASX: MM1) commenced RC drilling on the South Otavi Project in Namibia with  ~3,000m of drilling (~100 holes) to be completed at South Otavi, noting that the drill program may be upsized at short notice if results warrant.


Rokeby Resources (ASX: RKB) announced assay results from its maiden reverse circulation (RC) drilling program at the 100%-owned Hurricane Project in northern Queensland.

 

RENEWABLE ENERGY


Hazer Group (ASX: HZR) signed a MoU with First Graphene (ASX: FGR) to collaborate on high-value applications for Hazer’s low-emission graphite. The partnership brings together two WA-based companies to assess technical and commercial opportunities, including potential supply and offtake agreements, at a time of growing global demand and tightening supply in graphite markets. Covered in Australian Manufacturing

 

TECHNOLOGY

 

Pathkey.AI (ASX: PKY) reported on the predictive success of its TrialKey clinical trial optimisation platform, with an average hypothetical share price return of +76% across 11 clinical programs studied. Covered by Proactive Investors, BioPharma Dispatch and Small Caps.

 

CORPORATE NEWS

 

Gladiator Metals (TSXV: GLAD) closed an upsized private placement, raising a total of $22.5 million with 10,563,400 flow-through shares issued at $1.42 for $15 million and 8,152,200 common shares issued at $0.92 for $7.5 million. Gladiator intends to use the net proceeds for project-related expenditure, working capital and general corporate purposes. Covered in The Globe & Mail

 

Syrah Resources (ASX: SYR) received US$11.7m from the US Internal Revenue Service under the Section 45X tax credit for its 11.25ktpa Vidalia AAM facility in Louisiana. The credit, equivalent to ~10% of production costs, supports Vidalia operating expenses with DOE approval. Syrah expects to receive further payments annually, with Section 45X phasing down from 2030.

 

Argent Minerals (ASX: ARD) raised $4.85 million at $0.021 per new share through an oversubscribed placement, reflecting the confidence in advancing the Kempfield Silver-Polymetallic Project in NSW towards staged development. Kempfield hosts the second-largest undeveloped silver resource in Australia, comprising 63.7 Mt at 69.75 g/t silver equivalent for 142.8 Moz AgEq. Covered by Stockhead and Australian Resources and Investment


West Wits Mining (ASX: WWI) received Investment Committee approval for a US$12.5M (A$19M) loan facility from Nebari Natural Resources Credit Fund II LP. This facility will advance the development of its Qala Shallows Gold Project, Stage 1 of the Witwatersrand Basin Project in South Africa.

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Chimeric Therapeutics (ASX: CHM) Investor Webinar Replay

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Larvotto Resources (ASX: LRV) featured in coverage by Mining.com.au, highlighting its rapid development progress from acquisition to FID and financing success within 14 months as it fast-tracks the path to become Australia’s second antimony producer at its Hillgrove Antimony-Gold Project in NSW in 2026.

 

Lava Blue (upcoming IPO) was discussed by Mining Technology, exploring Queensland's role in supporting the semiconductor supply chain through development of the local high-purity alumina (HPA) industry.

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Syntara (ASX: SNT) Investor Presentation E&P Small Cap Healthcare Conference

 

Chimeric Therapeutics (ASX: CHM) Presentation to investor webinar

 

Cue Energy Resources (ASX: CUE) Good Oil and Gas Energy Conference Presentation 

 

Argent Minerals (ASX: ARD) Investor Presentation - September 2025

 

Botala Energy (ASX: BTE) RIU Good Oil and Gas Energy conference presentation

 

Metal Powder Works (ASX: MPW) Equity Raising Investor Presentation

 

Koba Resources (ASX: KOB) RIU Uranium Investment Day Presentation

 

Alligator Energy (ASX: AGE) RIU Uranium Investment Day Presentation

 

Paradigm Biopharmaceuticals (ASX: PAR) Evans & Partners Small Cap Healthcare  Conference

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Larvotto Resources (ASX: LRV) Managing Director Ron Heeks spoke to Mining.com.au following the release of further high-grade results from its Hillgrove Antimony-Gold Project.

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Bastion Minerals (ASX: BMO) Executive Chairman Gavin Rutherford discussed the company’s ICE Copper-Gold Project in Canada and the activity ahead with Shae Russell from Mining.com.au.

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Premier1 Lithium (ASX: PLC) MD Jason Froud discussed WA gold projects with Shae Russell from Mining.com.au, highlighting Mount Kersey, Abbots North and upcoming drilling.

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Krakatoa Resources (ASX: KTA) Chairman Colin Locke spoke to Mining.com.au with drilling underway at its Zopkhito Antimony-Gold Project in Georgia.

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PathKey.AI (ASX: PKY) Executive Chairman Saurabh Jain spoke with Proactive Investors about the company’s AI-driven clinical trial prediction platform, TrialKey, and its recently released real-world validation results.

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

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