METALS AND MINING
Midas Minerals (ASX: MM1) reported assays returning grades of up to 4% copper from two infill holes on the high-grade T-13 Copper-Silver Deposit at the Otavi Copper Project in Namibia. Infill drilling of the high-grade Main Zone at T-13 continues to return additional strong copper and silver grades. Midas currently has six rigs operating on the Otavi Project with an MRE update for T-13 expected later in 2026.
Kalamazoo Resources (ASX: KZR) reported high-grade results including 21m @ 6.5g/t Au, 50m @ 2.6g/t Au and 63m @ 1.9g/t Au from resource definition drilling, confirming the continuity and growth potential of the 1.44Moz Ashburton Project gold resource. Multiple broad, high-grade intersections reported were from the first 16 holes of the ongoing 14,000m program. Infill drilling has successfully reduced drill spacing to approximately 20m x 20m across key areas of the deposit, providing confidence for potential conversion of further Inferred Mineral Resource to the Indicated category. Covered by Australian Mining, The West and Mining.com.au.
Enova Mining (ASX: ENV) identified a new rare earth prospect, Curioso, within the southern tenements of its East Salinas Project in Brazil, further expanding the project's mineralised footprint. Initial auger drilling returned multiple shallow REE intersections from surface, including 8m at 1,590ppm TREO, 9m at 1,526ppm TREO and peak grades of 2,218ppm TREO, confirming widespread saprolite-hosted mineralisation. Curioso shares a similar geological setting to the nearby Naked Hill prospect, with leach test work underway to assess ionic adsorption clay (IAC) potential and further drilling already in progress to define the scale of the discovery.
Power Minerals (ASX: PNN) commenced its maiden diamond drilling campaign at the Morro do Ferro Rare Earths Project in Brazil, just seven weeks after completing the acquisition. The program comprises approximately 4,800m of diamond drilling, including metallurgical holes, and is designed to expand the project's high-grade rare earth footprint and support a maiden Mineral Resource Estimate. Drilling will test exceptional historical results including 60.85m at 8.92% TREO, 70.9m at 8.00% TREO and 60.6m at 7.02% TREO, with initial assay results expected around 3–4 weeks after laboratory submission. Covered by The Australian.
Sunshine Metals (ASX: SHN) commenced a 2,079 line-km airborne magnetic and radiometric survey at its Sybil Gold Project in Queensland, marking the first detailed airborne survey across the project area. The survey will support drill targeting at key prospects including Francis Creek, Francis Creek East, Blue Range and Quartz Ridge, ahead of drilling scheduled to commence in late June. Recent work has also progressed cultural heritage surveys, drilling preparations and reconnaissance activities, with Sunshine well funded following its recent $19 million Placement and $7.6 million Share Purchase Plan. Covered by Mining.com.au and Australian Mining.
Atomic Eagle (ASX: AEU) provided an update on the Madaouela Uranium Project in Niger, confirming its Chairman and CEO visited Niger this month for technical and legal discussions with the Ministry of Mines aimed at drafting a new mining convention to frame the resumption of Madaouela.
Western Ridge Resources (ASX: WRX) confirmed sulphide mineralisation at its Keystone Project in Nevada following a recent field review program across the expanded project area. The program included LiDAR mapping of historic underground workings and targeted rock chip sampling. At Marble Rock, sampling, which previously identified aeromagnetic anomalies, further validated the exploration model, while panning of historic mine waste recovered a significant sulphide-rich tail. Assay results from 10 rock chip samples are pending and, together with the LiDAR data, are expected to further refine drill targeting ahead of the maiden drilling program. Covered by Mining.com.au.
Koonenberry Gold (ASX: KNB) is preparing to drill test a large-scale copper-gold target at its Dunedoo Project in the Lachlan Fold Belt, NSW, where a 1.6km x 0.45km IP chargeability anomaly was identified. It has secured a drill permit to test priority undrilled Bolinda Vale, Hillside and Tucklan targets, which are additional epithermal gold and gold-silver targets, in Q3 2026. Meanwhile, JV partner Newmont has commenced a diamond drilling program of up to nine holes for 1,800m at the Junee Project.
Recharge Metals (ASX: REC) provided an update on exploration activities at its Sunset Well Gold Project and expanded its Western Australian footprint with the acquisition of four new exploration projects. The new projects were identified through an extensive project generation and evaluation process undertaken with Strategic Technical Advisor Brett Keillor, supporting the Company's strategy to build a diversified portfolio of high-quality exploration opportunities across WA. Covered by The Market Bull.
Tungsten Mining (ASX: TGN) completed an updated Mineral Resource Estimate (MRE) for its 100%-owned Watershed Tungsten Project in Queensland. The cut-off grade has been revised down to 0.04% WO₃ from 0.05% WO₃, reflecting the materially stronger global tungsten price environment. The updated MRE delivers total Measured, Indicated and Inferred Resources of 69.7 Mt at 0.109% WO₃ for 76,000 tonnes of contained WO₃, an 8% increase in contained metal content over the prior estimate.
Aurum Resources (ASX: AUE) strengthened its Boundiali Gold Project development team with the appointments of Richard Edginton as General Manager Mining, Luke Stacey as Project Director and Ting Xu as Chief Financial Officer. The appointments follow the recent positive Pre-Feasibility Study and maiden Ore Reserve for the 3.22Moz Boundiali Gold Project and are aimed at advancing the project through DFS, targeted for late 2026. The expanded leadership team brings extensive experience across West African gold project development, mine construction, operations, project delivery and project financing as Aurum progresses toward a final investment decision and first gold in H1 2028.
Brazilian Critical Minerals Ltd (ASX: BCM) has received approval of its Final Exploration Reports from Brazil's National Mining Agency (ANM) for the Ema Ionic Clay Rare Earth Project in the Apuí region of Brazil. The approval substantially reduces permitting risk, converting the project from the exploration phase into the formal mining development approval pathway. For the Trial Mining License path, the Environmental Permit now represents the key remaining approval step, while the Full Mining Permit path triggers a one-year period to submit a mining license application supported by a feasibility study.
Galilee Energy (ASX: GLL) has commenced site preparation activities at the Zydeco-1 well location in Acadia Parish, Louisiana, ahead of a planned spud date in the first week of July 2026. Current works include construction of the drilling pad and site infrastructure, establishment of access roads, and operational readiness activities ahead of mobilisation of RFC Drilling's Rig 103. Zydeco-1 targets up to 8 Bcf of gas and 0.5 MMbbl of condensate and oil across multiple reservoir targets, representing the first step in Galilee's strategy to build a scalable US Gulf Coast oil and gas business.
EQ Resources (ASX: EQR) advised water transfer activities have commenced at its Barruecopardo tungsten operation in Spain, marking an important operational step toward re-establishing access to ore in Phase 5 of the lower pit, with mining continuing in other active areas of the open pit.
Golden Dragon Mining (ASX: GDR) lodged a new tenement application within its Cue Gold Project in the Murchison Goldfields of Western Australia. The application area lies just 1.5km from Westgold Resources’ (ASX: WGX) 2.3 Moz Big Bell Gold Mine, underlining the highly strategic position of Golden Dragon’s expanding landholding within one of Australia’s most productive Archean gold belts.
Magmatic Resources (ASX: MAG) completed its Phase 3 drill program at the Weebo Gold Project in Western Australia. The 6,573m program comprised 2,112m of reverse circulation drilling and 4,461m of air core drilling, designed to advance the project’s key targets following the Phase 1 and 2 programs. Magmatic expects to start receiving assay results next month.
Krakatoa Resources (ASX: KTA) will resume drilling imminently at its high-grade Zopkhito Antimony-Gold Project in Georgia, with 2026 field season preparations nearing completion. Following strong drilling results in 2025 that confirmed high-grade antimony and gold mineralisation beyond historical workings, the upcoming program will focus on resource definition drilling, metallurgical optimisation and preliminary mining studies. Covered by Proactive and Mining.com.au.
Sierra Nevada Gold (ASX: SNX) welcomed Adam Oehlman as CEO, 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. Drilling activities continue to progress on schedule at its 100%-owned As Safra Project in the Kingdom of Saudi Arabia, testing multiple priority targets across the project area. Assays from the current program are pending and expected in the coming weeks. Covered in Stockhead.
Native Mineral Resources’ (ASX: NMR) latest gold smelt at Blackjack, QLD, produced 397.8oz doré, with two more smelts planned this month and larger campaigns set for July as consistency improves. Additionally, Podosky mining continues to advance, Mid Pit is approaching first mineralised material, Blackjack South development remains on schedule, and approvals and water infrastructure programs continue to advance.
BIOTECH
EVE Health Group (ASX: EVE) announced the commencement of its pilot clinical study for Libbo®, its vardenafil oral soluble film for erectile dysfunction. The study is intended to generate data to support the design of a planned pivotal bioequivalence study and the ongoing regulatory development pathway for Libbo.
Paradigm Biopharmaceuticals (ASX: PAR) has commenced enrolment in its pivotal Phase 3 clinical trial, PARA_OA_012, evaluating injectable pentosan polysulfate sodium (iPPS, Zilosul®) for the treatment of pain associated with knee osteoarthritis. 538 participants have commenced treatment in the study, exceeding the original target enrolment of 466 participants and representing the largest clinical study conducted using Paradigm's selected Phase 3 dosing regimen of 2mg/kg administered twice weekly for six weeks.
CORPORATE NEWS
Locksley Resources (ASX: LKY) appointed David Sanders as Non-Executive Director. David has more than 20 years’ experience in corporate law and is currently Corporate Counsel at Bennett, where he has advised numerous entities, including ASX-listed and private companies, on capital raisings, mergers and acquisitions, compliance with the Corporations Act and ASX Listing Rules, and commercial transactions across a range of industries and jurisdictions.
Power Minerals (ASX: PNN) secured a A$1.7 million strategic investment from a well-known international specialist resources investment fund at A$0.145 per share, matching the company’s closing share price on 17 June 2026. The funding strengthens Power’s balance sheet as it advances the Morro do Ferro Rare Earths Project in Brazil, where maiden diamond drilling and metallurgical test work are underway, following the company’s recent A$10.25 million placement.
KGL Resources (ASX: KGL) announced it has received the payment of the first tranche of US$16 million pursuant to the Precious Metals Purchase Agreement (PMPA) with Wheaton Precious Metals Corp. Receipt of the first tranche of the Early Deposit of the PMPA is a major milestone for the construction and development of the Jervois Copper Project in the Northern Territory.
Hazer Group (ASX: HZR) has entered into a binding Memorandum of Understanding with South Australia's Hallett Group to collaborate on product development and potential commercial graphite offtake. Under the agreement, Hallett will integrate Hazer Graphite into the production of low-emissions concrete and other applications, leveraging the recent Boral Labs qualification confirming Hazer Graphite meets Australian infrastructure standards for concrete use.
Vita Resources (ASX: VTA) secured firm commitments to raise $2.9 million through a strongly supported placement at $0.028 per share and a 1:2 free attaching option. Funds will be applied to exploration programs at its Ninnis Gold Project in WA and ICE Project in Canada; and additionally, to gold and critical minerals growth opportunities in Australia and New Zealand. In addition, the Company is conducting a pro-rata bonus issue of 1 new unquoted option with an exercise price of $0.056, expiring on 29 June 2031, for every 15 ordinary shares held by shareholders as at the record date for the Offer.
RLF AgTech (ASX: RLF) has introduced a new performance-based remuneration framework linking executive incentives to share price performance, revenue growth and cash flow. The CEO has been granted 12,000,000 Performance Rights vesting in three tranches at share price hurdles of A$0.10, A$0.15 and A$0.20, with no cash bonuses payable unless Board-approved operating cash flow targets are met.
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