METALS, MINING AND ENERGY
Heavy Rare Earths (ASX: HRE) completed its transaction with Havilah Resources Limited (ASX: HAV) to acquire the Prospect Hill Tin Project. This agreement expands HRE’s previous uranium-only mineral rights to full mineral rights over the Prospect Hill project, located in South Australia’s northern Flinders Ranges. As a result, HRE now holds South Australia’s largest and most advanced tin project. Covered by Mining.com.au
Native Mineral Resources (ASX: NMR) executed a binding Sales Agreement with Diversified Mining and Resources and Sympall for the sale of their Palmerville Project in North Queensland. The considerations totalled $600,001 and allows the company to focus on its Charters Towers operation which began gold production earlier in the year.
IRIS Metals (ASX: IR1) reported exceptional results from its Phase II diamond drilling program at the Tin Mountain Project, South Dakota’s Black Hills, USA. Assays returned lithium (up to 5.41% Li2O) and rubidium (up to 0.40% Rb2O) rivalling globally significant deposits. The results confirmed high-grade lithium mineralisation and revealed significant multi-element potential in the host pegmatite, including beryllium, caesium, rubidium, and tantalum.
Everest Metals (ASX: EMC) executed a Right to Mine Agreement with MEGA Resources to commence mining at the Mt Dimer Taipan Gold & Silver Project, 150km northwest of Kalgoorlie and 120 km northeast of Southern Cross in Western Australia. Under the agreement, MEGA will lead all mining operations at Mt Dimer, funding up to $18.6 million for mining, haulage, third-party processing, and geological and engineering services. Covered by Mining.com.au, & Stockhead
Aurum Resources (ASX: AUE) reported exceptional high-grade gold intercepts from ongoing drilling at its 2.41Moz Boundiali Gold Project in Côte d’Ivoire, including 0.8m @ 350 g/t gold from 277m and 1m @ 274.89 g/t gold from 380m. The results confirm multiple high-grade shoots at the BMT3 and BST1 deposits, with mineralisation remaining open along strike and depth. Aurum has expanded its owned fleet to 12 drill rigs, supporting over 130,000m of drilling across Boundiali and Napié in 2025, ahead of major resource updates and a Pre-Feasibility Study due in Q1 2026. Covered by Business News & Proactive
EQ Resources (ASX: EQR) continues to strengthen its global tungsten supply chain with a 39% increase in Ore Reserves at the Barruecopardo Mine. The updated estimate extends the mine life to 2034, highlighting long-term production stability and future growth potential.
As a leading tungsten producer with operations in Australia and Spain, EQ Resources is delivering sustained value through disciplined exploration and development.
Helios Energy (ASX: HE8) completed its first oil sales from restart operations at the Presidio Oil Project in Texas. The company sold oil and condensate from wells 141#1 and 141#2 into the local market, with over 500 barrels also stored onsite ahead of initial sales. This marks the transition from pure exploration to production, providing valuable technical data on reservoir and production performance to support Helios’ broader strategic plans.
Alligator Energy’s (ASX: AGE) investee EnviroCopper signed a collaboration partnership with an international company to progress the feasibility work at its Kapunda and Alford Copper ISR Projects. The partnership includes an initial $3.5 million contribution towards feasibility funding as well as technical collaboration between the companies.
Gladiator Metals (TSXV: GLAD) has received additional assay results from its ongoing Phase 2 drilling program at Cowley Park.The latest results continue to deliver near-surface, high-grade copper-gold hits with highlights including: 14m @ 2.36% Cu and 2.78 g/t Au from 16 new drill holes (4,837m total).
FireFly Metals (ASX: FFM) reported a major exploration breakthrough with results pointing to an 800m-long core of very high-grade mineralisation at the company’s Green Bay Copper-Gold Project in Canada. Latest assays included 43m at 7.6% CuEq and 15m at 16% CuEq; the vast majority of this rich core, which remains open, sits outside the current Mineral Resource. Managing Director Steve Parsons discussed with Proactive, and the company surpassed $1 billion market cap this week following release of the results.
Auric Mining (ASX: AWJ) completed due diligence on the purchase of the Lindsay’s Gold Project including the Parrot Feathers open pit gold mine from Top Global Mining Pty Ltd and NBC Mining Pty Ltd. The company confirmed it is satisfied with the outcome and intends to proceed with the acquisition under the terms of the varied binding letter agreement and the final Tenement Sale Agreement. Covered by Sydney Morning Herald & ShareCafe
Tungsten Mining (ASX: TGN) identified new gold exploration targets at Mt Mulgine, adding 44–87koz to the project’s potential alongside its globally significant tungsten resource. The expanded gold inventory will support the upcoming Scoping Study and strengthen the overall development strategy.
White Energy (ASX: WEC) commenced a drilling program at its 51% owned Specimen Hill Project in Central Queensland. The campaign is targeting IP, magnetic and geochemical anomalies, while also verifying past copper and gold intercepts. Early work focuses on Mt Rainbow and Mt Walturn, with the program expected to expand geological knowledge and guide future exploration across multiple priority targets.
Infinity Mining (ASX: IMI) reported high-grade antimony assays at its Walhalla South Extended Project, with results confirming the presence of massive stibnite (antimony sulphide). Four surface rock chip samples returned 21.6% to 51.4% Sb and up to 0.88 g/t Au. The antimony mineralisation with anomalous gold is associated with a distinctive, circular magnetic target, around 1.5km across, which has never been drilled. Covered by The West
Kaiser Reef (ASX: KAU) reported high-grade gold results from its diamond drilling program within the Union Hill Open Pit at the Maldon Gold Project. Union Hill was mined historically as part of the Maldon project, which is about 135km northwest of Melbourne. Significant gold intercepts include: 5.8 metres at 5.37 grams per tonne (g/t) from 39m, includes a 2.5m slice going 10.25g/t gold. Another 6.9m hit came in at 6.05g/t from 30.4m, including 1.98m grading an impressive 16.44g/t and an 8.6m stretch graded 4.99g/t from 18.4m and included a 2m chunk going at 15.69g/t from 24.3m. Covered by Sydney Morning Herald and The Age
Sierra Nevada Gold (ASX: SNX) commenced drilling at its Warrior Gold Project in Nevada. The small drilling program will test depth extensions of interpreted mineral structures, with results expected in late December 2025 and further drilling to commence in Q2 CY2026.
Strata Minerals (ASX: SMX) will acquire 100% of the Zelica Gold Project in Western Australia’s Eastern Goldfields significantly strengthening its gold exploration portfolio in WA. Located between Leonora and Laverton, Zelica sits in a highly prospective area with easy access to existing infrastructure. The initial drill program at Zelica is expected to commence Q4 2025 pending drill rig availability. Covered by Stockhead
Cygnus Metals (ASX: CY5) announced strong intersections outside the current Resource boundary at the company’s Chibougamau Copper-Gold Project in Quebec, which highlight potential for further resource growth. Cedar Bay is the current focus of exploration with two rigs targeting growth opportunities surrounding the current resource, which remains open in all directions. Chief Operating Officer Nick Kwong will commence as President/CEO following the transition of Ernest Mast from Managing Director to Non-Executive Director on 12 December 2025. The company was also discussed in Livewire Markets: Québec critical minerals projects set to be next on investors' shopping list.
Bellevue Gold (ASX: BGL) was shortlisted as a finalist in the 2025 AIM WA Pinnacle Awards’ Environmental Sustainability Excellence category, in recognition of the company’s net zero achievements. Winners will be announced at the 2025 AIM WA Pinnacle Awards Gala Dinner on 19 November 2025.
Aureka’s (ASX: AKA) drilling at its St Arnaud Project has confirmed visible gold in multiple zones, north of the current resource area. The results indicate strong potential to expand the Comstock resource and reinforce Aureka’s confidence in the broader gold system at St Arnaud — one of Victoria’s most historic yet underexplored districts.
RENEWABLE ENERGY
Frontier Energy (ASX: FHE) Executive Director Grant Davey continues to back the company with a ~$116k on market share purchase. Last week Frontier announced the Australian Energy Market Operator had assigned 88.06 MW of peak capacity credits to Stage One of its Waroona Renewable Energy Project in WA — a major milestone.Coupled with being a fixed priced facility, this provides guaranteed revenue required by both equity and debt financiers. FHE CEO Adam Kiley discussed on Ausbiz and Stockhead.
NH3 Clean Energy Limited (ASX: NH3) received Lead Agency Approval for the WAH2 Project from the WA Department of Energy and Economic Diversification, streamlining approvals and ensuring efficient coordination across government. This support under the WA Government’s Lead Agency Framework strengthens the project’s development in the Pilbara Hydrogen Hub and Strategic Industrial Areas, with FEED workstreams remaining on track for completion by the end of 2026. Coverage by Energy News Bulletin & Offshore Energy.
Hazer (ASX: HZR) was highlighted this week as KBR promoted the Hazer® methane pyrolysis process for ammonia and methanol production within its global clean energy portfolio. CEO Glenn Corrie also featured on the ASX Briefs podcast, describing the process as “low cost, scalable and ready” while outlining progress toward 2026 commercialisation. The September Quarterly Webinar recording is also available for investors to view.
BIOTECH
Arovella Therapeutics (ASX: ALA) has initiated start-up activities for its upcoming phase 1 trial for ALA-101 and appointed SAPRO as its contract research organisation (CRO) partner. SAPRO was selected after an extensive and rigorous selection process conducted by the Arovella management team.
Arovella has also received positive feedback from the US FDA on testing requirements for a critical reagent used in its CAR-iNKT manufacturing process. The agency provided clear guidance on testing requirements for the reagent and Arovella has already completed much of the testing required.
INDUSTRIALS
BPH Global (ASX: BP8) executed a binding commercial framework agreement with Provisional Government Company Perumda Panca Raya based in Maluku (PPK Maluku), Indonesia. Under the Agreement, PPK Maluku will supply seaweed from Maluku to BP8’s Indonesian subsidiary and act as a key regional partner to support BPH Global’s seaweed-based bio-stimulant development and commercialisation strategy.
SHAPE Australia (ASX: SHA) delivered a strong Q1 update, ahead of its 2025 AGM. Q1 FY26 started strongly with Project wins rose 40% vs pcp to $336m, 120-day pipeline expanded to $1.6bn with a total identified pipeline of $4.2bn. Within its growth and diversification pillars, Modular was a standout with revenue of $14.5 m in the quarter, double pcp, while performance in Victoria was strong, with SHAPE securing $116m in project wins including their largest Victorian project to date.
CONSUMER
LARK Distilling (ASX:LRK) achieved five consecutive quarters of Net Sales growth vs pcp. Q1 FY26 delivered Net Sales of $3.7 million, up 10% compared to pcp, the performance was supported by Domestic Direct-to-Consumer (D2C) sales of $1.7 million, up 23% on pcp and Global Travel Retail (GTR) sales of $0.4 million, up 33% on pcp.
TECHNOLOGY
CurveBeam AI (ASX: CVB) has executed definitive agreements with recently established Chinese joint venture group Shandong WeiYing Intelligent Medical Technology Co., Ltd to accelerate commercialisation of CurveBeam AI’s weight bearing CT and proprietary AI solutions into China.
Appen (ASX: APX) delivered Q3 FY25 revenue of US$55.3 million, up 2% on the prior year, with underlying EBITDA of US$1.0 million, a US$1.6 million improvement on the previous quarter. The result was underpinned by a pleasing performance in China, where revenue rose 81% year-on-year and profitability continued to strengthen.
Decidr AI Industries (ASX: DAI) reported a 39% lift in annualised Decidr revenue to $2.5M for the September quarter, alongside the launch of its unified AI platform, DecidrOS. New partnerships with Go1, ELMO and eBev are set to drive Q2 growth. DAI raised $28.2M and closed the quarter with $29.5M cash. FY26 focus remains on scaling DecidrOS deployments and expanding its role in the emerging Agentic AI economy.
CORPORATE NEWS
Trigg Minerals (ASX: TMG) has officially begun the process to dual list on the Nasdaq mainboard, targeting completion within 4–5 months. The move follows a strategic review of U.S. SPAC options and will expand access to the world’s largest capital market. Trigg also secured a $2.5 million follow-on investment from Tribeca Investment Partners, adding to its $5 million placement in September. Funds will advance U.S. operations as Trigg fast-tracks development of a mine-to-metal antimony business.
Toubani Resources (ASX: TRE) appointed Ausenco as the Engineering, Procurement and Construction Management ("EPCM") contractor for the development of its flagship Kobada Gold Project in southern Mali, West Africa.
Victory Metals (ASX: VTM) appointed Emma Doyle as Senior Advisor for United States Strategic Engagement, providing it with direct insight into U.S. policy and government affairs at a pivotal time for the rare earths sector. Emma served as Principal Deputy Chief of Staff to President Donald Trump where she directed core West Wing functions and advised the President and his senior leadership team. Covered by Stockhead, Mining.com.au and Australian Mining.
Krakatoa Resources (ASX: KTA) signed a binding agreement for the divestment of its Belgravia Project in NSW, reinforcing Krakatoa’s focus on contributing to Europe’s growing demand for secure, diversified antimony and gold supply chains. The A$350,000 transaction with Agriculture Equity Investments Pty Ltd will see proceeds directed towards ongoing drilling, modelling, and JORC conversion activities at the Zopkhito Antimony-Gold Project. Covered by Mining.com.au and Proactive.
