METALS, MINING AND ENERGY
Investigator Silver (ASX: IVR) completed a revised pit optimisation for its Paris Silver Project in SA, incorporating a higher silver price assumption, updated operating cost inputs, and revised slope parameters informed by the recent geotechnical drilling program. These changes form the new Definitive Feasibility Study (DFS) design basis, which is now being incorporated into detailed engineering and cost estimation work, on track for delivery in H1 2026.
Sierra Nevada Gold (ASX: SNX) received notification as the successful bidder for the As Safra Copper-Gold Project in Saudi Arabia, allowing it to proceed to securing an exploration licence for the project. As Safra is a large-scale Cu-Au skarn system, with extensive high-grade rock chips up to 244 g/t Au and 11% Cu. Executive Director Peter Moore hosted a webinar yesterday to discuss the exciting new project.
Heavy Rare Earths (ASX: HRE) reported encouraging assay results from the recent Radium Hill reconnaissance rock chip sampling program in WA. Samples returned high-grade scandium (up to 969ppm Sc2O3) and yttrium (up to 2236ppm Y2O3) close to the historic mine and up to 5km from the mine, which is of particular significance for HRE’s future critical minerals exploration program. Covered by Stockhead, The Australian, & Discovery Alert.
Middle Island Resources (ASX:MDI) received assay results from its maiden RC drilling program at the Bobija Project, confirming broad intervals of gold–silver–lead–zinc mineralisation. The results indicate a single, contiguous mineralised zone extending across the mine area, covering an approximate 300m x 300m footprint, with strong gold and silver associated with base metals. Drill hole BMLRC001 tested a previously undrilled area interpreted by earlier explorers as barren and intersected a mineralised zone approximately 50m thick (estimated true width).
Everest Metals (ASX: EMC) announced positive results from its recent Reverse Circulation (RC) drilling program at the Mt Dimer Tapian Gold Project. The program successfully targeted southern and northern strike extensions of the existing Inferred Mineral Resource at Mt Dimer, while also assessing residual gold grades in the historical heap leach pad. Highlights include a notable intersection of 6m at 10.2 g/t Au (14–20m).
Rokeby Resources (ASX: RKB) announced completion of a targeted field program at its 90%-owned Macauley Creek Project in North Queensland. Recent work focused on validating historical drilling, refining geological interpretation and assessing IP and magnetic features associated with Cu–Pb–Zn–Ag mineralisation.
Power Minerals (ASX: PNN) commenced a staged Mineral Resource expansion program at its Rincon Lithium Project in Salta, Argentina, targeting deeper lithium-bearing brine units to support future resource growth and reserve conversion. The program includes electrical resistivity tomography and passive seismic surveys to define brine horizons below Power’s 605-metre drillhole, the deepest known at Rincon, which ended in brine and the integration of all data into a 3D geological–hydrogeological model. Covered by Australian Resources & Investment.
Cue Energy (ASX: CUE) and the Mereenie and Palm Valley Joint Ventures signed a binding Letter of Intent with the Northern Territory’s Power and Water Corporation to commence early works for a four-well drilling program and progress conditional long-term gas supply terms toward binding agreements through to 2034. Early works will begin immediately ahead of a planned mid-2026 drilling start at the Mereenie and Palm Valley fields, with the parties targeting execution of binding Gas Sales Agreements by early 2026 to support reliable, locally sourced gas supply for the Northern Territory.
Aureka (ASX: AKA) announced a group of existing and new investors will invest ~$3.6 million via a share placement at $0.14 per share, with funds to be used to maintain, and accelerate via a second drill rig, the current momentum on Aureka’s exploration activity and strategic initiatives. The Placement received significant excess demand which is a strong indication of the well supported strategy implementation.
Iltani Resources (ASX: ILT) laid out exploration and development plans for its Orient Silver-Indium Project in Queensland for the year ahead after receiving an $8M investment from Queensland Investment Corporation’s (QIC) Queensland Critical Minerals and Battery Technology Fund (QCMBTF).
Lincoln Minerals (ASX: LML) signed a Collaboration Agreement with SCN Canada Inc (trading as StarCore Nuclear) to investigate the use of graphite from its Kookaburra Graphite Project in small modular nuclear reactors. The collaboration will assess the suitability of Lincoln’s high-purity graphite for SMR applications and aligns with the Company’s strategy to pursue high-value end uses for its 12.8Mt Kookaburra resource, with both parties progressing testwork and scoping studies toward a potential commercial agreement. Covered by Mining.com.au.
Brazilian Critical Minerals (ASX: BCM) released results from independent ANSTO testwork confirming the production of a high-grade mixed rare earth carbonate from Ema field trial solutions in Brazil. The product contains 52.5% total rare earth oxides (TREO), with magnet rare earth oxides accounting for 41.5% of the total rare earth composition, placing it among the highest magnet-rich rare earth products in the Western world. The results support a simple, low-capital-intensity processing pathway and will inform the Company’s upcoming Bankable Feasibility Study. Covered in SmallCaps.
Liberty Metals (ASX: LIB) exercised its option to acquire a 100% interest in a portfolio of high-grade Brazilian monazite and heavy mineral sands projects, following shareholder approval at the 2025 AGM. The acquisition secures a material strategic footprint in Brazil across titanium minerals and rare earth elements, including the Paraíba hard-rock rutile project, the district-scale Rio Grande heavy mineral sands project and the Alcobaça monazite-rich sands. Covered by Stockhead.
Infinity Mining (ASX: IMI) confirmed a quartz-stibnite vein at its Walhalla South Project in Victoria, coinciding with the site of earlier rock chip samples that delivered outstanding antimony grades of 21.6% to 51.4% Sb, and 0.051 to 0.88 g/t Au. The discovery further strengthens the company’s position in Australia’s critical minerals sector. Covered by Discovery Alert.
Strategic Energy Resources (ASX: SER) reported results of its maiden two-hole diamond drill program, totalling 1,300m, at the Nardoo Prospect of the Isa North Project in Northwest Queensland. The program tested the Nardoo East (INDD010) and West (INDD011) targets which are magnetic, gravity-discrete, bullseye targets that were identified as high-priority in a geophysics-derived Machine Learning Model. Covered by Mining.com.au and Discovery Alert.
Kali Metals (ASX: KM1) completed its maiden drill program at the Marble Bar Gold Project and an extensive soil sampling program at its Higginsville Lithium Project, both in WA. The Marble Bar drill program consisted of 77 reverse circulation holes for 1,086m, with results expected in Q1 2026. The Higginsville soil sampling program comprised 13,326 samples, with results expected early next year. Covered by Proactive.
Magmatic Resources (ASX: MAG) completed its 25-hole for 2,323m aircore drilling program at the Myall Copper-Gold Project with FJVA participant and 19.9% shareholder Fortescue, as part of a work program that has a total budget of $3.5M for the 2025-26 financial year. Assay results are expected in early 2026. A trial IP survey to further refine priority targets has commenced and a 14-hole for 5,00m diamond drilling is scheduled to commence in January. Covered by Stockhead and Australian Resources and Investment.
IRIS Metals (ASX: IR1) executed a binding Heads of Agreement with Finley Mining Inc for the exclusive right to farm-in to the Finley Basin Tungsten Project located in Granite County, Montana, USA. This strategic farm-in opportunity further expands IRIS' exposure to critical minerals beyond lithium, positioning the Company in a key tungsten district with historical production potential and untapped high-grade tungsten potential in a jurisdiction primed for revival under U.S. critical minerals policies.
Native Mineral Resources (ASX: NMR) confirmed the Estimated Rehabilitation Cost decision has been finalised for Mining Lease ML 10315, part of its JV with Haoma Mining over the Ravenswood Gold Project in Qld. NMR expects landholder engagement, native title clearance to be completed by December 2025 and early works planning with a drilling program early January 2026, intended to support mine design and a mining campaign to begin in mid-January 2026. Material from Ravenswood will be processed at its Blackjack Operations, 75km away.
Ark Mines (ASX: AHK) advised that a full-scale processing plant trial using drilling samples from its Sandy Mitchell Rare Earths and Heavy Minerals Project in North Queensland would commence in January 2026. The full commercial-scale plant trial will be undertaken at Currumbin Minerals’ licenced treatment facility in South-East Queensland, using samples from Ark’s recently completed resource expansion drilling program. The trial will be conducted concurrently with the Sandy Mitchell Pre-Feasibility Study currently being progressed towards completion early next year by IHC Robins.
North Stawell Minerals (ASX: NSM) announced an update on its Darlington Prospect at its North Stawell Project in Victoria. Surface geochemistry at Darlington provides continued encouragement that the east margin of the basalt underlying the 3.6km Darlington–Caledonia trend has high-grade gold potential, highlighting mineralised trends. Covered by Mining.com.au.
Bastion Minerals (ASX: BMO) executed an Exploration Consent Agreement (ECA) with the Ross River Dena Council (RDDC) pertaining to the Company’s ICE Copper-Gold Project, located within the Yukon, Canada. The execution of the ECA allows Bastion to commence preparation for its next field season at ICE which is expected to commence in Spring 2026 (Northern Hemisphere Spring) following the completion of the wet season, or when conditions allow. Covered by Mining.com.au.
Western Yilgarn (ASX: WYX) executed an Access Agreement covering the Cardea 2 Bauxite Project in Western Australia, enabling on-ground exploration activities to commence immediately. Currently, the Project hosts an Inferred MRE of 20Mt @ 32.1% Al2O3 with 2.15Mt @ 35.7% Available Al2O3 and 2.8% Reactive SiO2. In addition, ground exploration has commenced at the Ida Holmes Junction Project, where field teams are validating high-priority gallium, gold, cobalt and nickel targets identified from earlier airborne surveys. Covered by Stockhead.
FireFly Metals (ASX: FFM) completed its equity raising announced on 2 and 4 December 2025, with gross proceeds before costs equalling ~A$139M (~C$127.3M). The company’s SPP also received applications significantly exceeding the targeted raising amount of A$5 million and will close early.
Perpetual Resources (ASX: PEC) confirmed a new LCT pegmatite discovery at the Renaldinho Project, following receipt of laboratory results from 14 reconnaissance rock samples collected across multiple underground artisanal workings. Exploration in the heart of the Renaldinho tenement area returned several strongly anomalous Li₂O (>1,000ppm Li), together with significant enrichment in multiple LCT pathfinder elements. This early stage but coherent geochemical and geological signature confirms that Renaldinho hosts a highly fractionated LCT system with clear potential for spodumene-bearing zones. Covered by Stockhead.
Kaiser Reef (ASX: KAU) completed a drilling program targeting the historical Union Hill waste dumps at the Maldon Gold Project. The program comprised 163 RC holes for a total of 2,212 metres of drilling across a waste dump footprint exceeding 50,000m², with an estimated waste volume of more than 410,000m³. All samples have been dispatched to the laboratory for assay, with results expected to be finalised in early 2026. Covered by The West Australian and Next Investors.
RENEWABLE ENERGY
This week Provaris Energy (ASX: PV1) hosted an investor webinar to provide an update on the company's current operations across our H2 and CO2 technical and commercial program in Norway. CEO and Managing Director Martin Carolan was also interviewed by Proactive, where he provided an update on activities at the company’s Robotics Innovation Centre in Norway. Read Provaris’ latest investor presentation here.
BIOTECH
Imricor Medical Systems (ASX: IMR) secured approval for the University of Virginia Health to join its VISABL-AFL clinical trial as the second US study site. The addition of a leading academic medical centre strengthens Imricor’s US clinical footprint and supports progress toward enrolment and regulatory milestones. With further US sites expected to come online, the trial expansion reinforces Imricor’s pathway toward FDA approval and broader commercialisation of its MRI-guided cardiac ablation platform.
Proteomics (ASX: PIQ) announced new clinical findings showing that its PromarkerD predictive blood test demonstrates promising prognostic accuracy for diabetic kidney disease (DKD) in Aboriginal people, one of the highest-risk populations for kidney failure globally. Furthermore, a study demonstrating the clinical utility of the PromarkerD test in predicting DKD in Australia has been published in the Internal Medicine Journal. Covered by Bulls N’ Bears.
Proteomics has also secured new intellectual property protection with the US Patent Office granting a patent for PromarkerEso, the proprietary first-in-class blood test for esophageal adenocarcinoma (EAC). Covered by Bulls N’ Bears.
Radiopharm Theranostics (ASX: RAD) announced interim data from the first twelve patients in its U.S. Phase 2b clinical imaging trial of RAD 101 in brain metastases. The analysis showed that 92% (11/12) of the patients treated with RAD 101 achieved concordance with MRI (the primary endpoint) as assessed by PET imaging of brain metastases. Covered by Biotech Dispatch.
Emyria Limited (ASX: EMD) secured its first Victorian Empax clinic at the Mornington Peninsula, meeting its initial multi-state clinic footprint objective whilst confirming the transition from establishment to a scalable national clinic platform. This follows the establishment of clinics in WA and Queensland.
Avecho Biotechnology (ASX: AVE) continues to make steady progress toward completion of patient recruitment for the planned interim analysis in its pivotal Phase III clinical trial investigating the use of its oral CBD TPM®-enhanced capsule for the treatment of insomnia. Currently, 190 participants have been dosed with study medication, representing the majority of the approximately 210 randomised participants required for the interim analysis cohort.
Bioxyne (ASX: BXN) CEO and Managing Director Sam Watson talked with Proactive about the company’s major developments across medical psychedelics and cannabis in 2025, highlighting growing domestic and international momentum. Covered by Proactive.
INDUSTRIALS
Bio-Gene Technology (ASAX: BGT) provided an update on its two US Department of Defense–funded programs under the Deployed Warfighter Protection initiative, with the Flavocide® wearable device project progressing through engineering and formulation work and early entomology trials demonstrating mosquito mortality, while the Qcide® indoor spray project is pending initiation following the lifting of the US Government shutdown and finalisation of partner agreements, reaffirming Bio-Gene’s alignment with efforts to develop new protections against insect-borne disease threats.
Metal Powder Works (ASX: MPW) continues to build strategic momentum in the US, formalising a powder partnership with Austal USA that positions the Company within a key US Navy additive manufacturing initiative. The agreement strengthens MPW’s presence in defence-aligned supply chains and establishes a pathway toward ongoing commercial offtake, as MPW works with Austal USA to develop application-specific metal powders using its patented DirectPowder™ process.
Clean TeQ Water (ASX: CNQ) advised that it has progressed to a paid HIROX® pilot deployment with National Energy Services Reunited Corp (NASDAQ: NESR), a leading provider of integrated energy and oilfield services across the Middle East and North Africa (MENA) region.
ECS Botanics (ASX: ECS) announced a strategic review to assess potential pathways for future entry into the United States medicinal cannabis market. Covered by Stockhead, Cannabiz, StockWireX and The Armchair Analyst.
TECHNOLOGY
Iondrive (ASX: ION) received $1.30 million under the Australian Government’s R&D Tax Incentive (FY25), strengthening the Company’s cash position and supporting continued development of its IONSolv recycling technology.
RAS Technology’s (ASX: RTH) contract with Stake will not be renewed at the end of its current two-year term in May 2026 but RAS will continue to focus on growth in its regulated markets of Australia, UK, Europe, Americas, and the Middle East. The Company will also further concentrate resources and expertise in accelerating growth in Racing and Sports Asia with its significant expansion runway and opportunities.
CORPORATE NEWS
Desert Metals (ASX: DM1) completed Tranche 1 of its previously announced placement to raise $416,000 (before costs) from institutional, sophisticated and existing shareholders under its existing Listing Rule 7.1 capacity. The Company plans to convene a shareholder meeting in January 2026 to seek approval for Tranche 2 ($834,000 before costs) of the placement.
Neurotech International (ASX: NTI) received binding commitments for a ~$4 million placement from existing and new institutional, professional and sophisticated investors, with all directors electing to participate subject to shareholder approval. Proceeds will be used to advance NTI164 through non-clinical toxicology and registration-enabling clinical programs, progress regulatory submissions and support general working capital as the Company moves into 2026. Covered by The Australian.
Peak Processing (ASX: PKP) entered into a 2-year Beverage Fulfillment Agreement with
Organigram Inc., one of Canada’s largest licensed cannabis producers. The agreement combines Organigram’s innovations with Peak’s production scale to help drive continued momentum in the fast-growing THC beverage category. This marks the first agreement in a growing pipeline, which is expected to underpin PKP’s operational momentum and revenue profile.
Strata Minerals (ASX: SMX) received firm commitments from existing and new institutional, sophisticated and professional investors to raise approximately $1.175 million via an equity placement. The funds will be used to advance exploration activities across Strata’s gold portfolio, including the maiden drilling program at Zelica, further fieldwork, and other strategic initiatives. Covered by Stockhead.
Alligator Energy (ASX: AGE) has appointed Mr Daniel Lougher as a Non-Executive Director. Daniel is a highly regarded resources executive with more than 40 years of experience spanning exploration, feasibility, project development, operations and corporate leadership. He is best known for his long tenure as Managing Director and CEO of Western Areas Limited, where he led the company’s transformation into a leading independent Australian nickel producer prior to its acquisition by IGO Limited in 2022. Covered by Mining.com.au.
Strategic Energy Resources (ASX: SER) announced the appointment of Daniel Loughnan as Non-Executive Director, nominated by major shareholder Juel Pty Ltd. Daniel brings extensive financial expertise and a proven track record in the resources sector and is currently serving as the Chief Financial Officer for Sun Silver Limited (ASX: SS1) and Black Bear Minerals Limited (ASX: BKB). He holds a Bachelor of Commerce from Notre Dame University and is a Certified Practicing Accountant.
Middle Island Resources (ASX: MDI) has appointed Peter Spiers as Chief Executive Officer effective immediately. Peter previously served as Executive Chairman of Konstantin Resources for four years, prior to its acquisition by Middle Island Resources. He brings a deep knowledge of the Company’s Serbian asset portfolio, together with more than 30 years’ experience across exploration, mine development and operations. Covered by Business News.
Tetratherix (ASX: TTX) has appointed Peter Gray as an Independent Non-Executive Director. Mr Gray is the Co-founder and Head of Strategic Growth, ANZ of Zip Co (ASX: ZIP). Drawing on more than 30 years of experience in the financial services industry, Mr Gray brings extensive expertise in building and scaling innovative businesses within highly regulated environments. His career includes seven years as an ASX director, and he is recognised for his ability to balance entrepreneurial ambition with disciplined governance.
