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West African Resources (ASX: WAF) achieved Q1 gold production of ~108,000oz from its Sanbrado and Kiaka operations in Burkina Faso, maintaining 2026 production guidance of 430,000 – 490,000oz gold. Q1 Group gold sales of 104,145oz were achieved at a realised price of US$4,945/oz, with further details to come in WAF’s Quarterly Report later this month. It also released its 2025 Responsible Mining Report this week.


Larvotto Resources (ASX: LRV) appointed former Federal Senator David Fawcett as Strategic Advisor to provide independent, high-level strategic advice to Larvotto’s Board and Executive team, utilising his experience to support Larvotto’s engagement with government, defence and strategic partners. The appointment is consistent with the Australian Government’s recent Legislation of the Critical Minerals Stockpile, of which antimony is a cornerstone and fundamental mineral. Larvotto is only one of two companies that can supply the stockpile. Covered by Mining.com.au and SMH.

 

Robex Resources (ASX: RXR) produced 39,367oz Au at Kiniero in Q1, which commenced commercial production in February, and 10,000oz at Nampala in Mali. The merger of Robex and Predictive Discovery (ASX: PDI) is scheduled to complete on Wednesday 15 April after all conditions precedent were satisfied or waived, creating PDI Gold, a leading West African gold company targeting production of more than 400,000 ounces of gold per annum by 2029. PDI will feature Matthew Wilcox as Managing Director and CEO and Andrew Pardey as Non-Executive Chairman.

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NWR will host its next Melbourne Resources Lunch on Wednesday 22 April at QT Melbourne, with a strong thematic on gold and copper, featuring presentations by Midas Minerals (ASX: MM1), Many Peaks Minerals (ASX: MPK), Kairos Minerals (ASX: KAI) and Strata Minerals (ASX: SMX). 


Click here to RSVP for this event

NWR Resources Lunch 22 April Final
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Wildcat Resources (ASX:WC8) is rated Speculative Buy by Argonaut with a $1.10 price target, implying ~182% upside to the current share price of $0.39. The update highlights continued growth at WC8’s Bolt Cutter discovery, with drilling now extending the system to over 2.3km of strike, reinforcing its potential to support the broader Tabba Tabba development. Argonaut notes the deposit could provide a higher grade, shallow ore source, adding upside to the base case.

Recent metallurgical drilling also returned encouraging grades, while ongoing work on the Definitive Feasibility Study, due later this year, continues to refine the development pathway.

 

Wildcat received a Speculative Buy rating by Euroz Hartleys with a $0.61 price target. The update highlights continued growth at its Bolt Cutter discovery, reinforcing its scale potential. Euroz notes this supports the case for Bolt Cutter as a satellite feed to Tabba Tabba, with early estimates pointing to ~15–20Mt at ~1% Li₂O.

 

East Coast Research put a $0.37 price target on Power Minerals (ASX:PNN), implying ~209% upside to the current share price of $0.12. The note points to strong progress at Santa Anna, where recent results continue to confirm high-grade, near surface mineralisation, with assays up to 3.36% Nb₂O₅ and 6.20% TREO. East Coast says this “enhances confidence in lateral continuity” as the project moves toward a maiden resource. With Santa Anna advancing, Salta reset to 100% ownership, and the addition of Morro do Ferro, the report highlights a clear shift toward resource definition, with potential for a re-rate as drilling and development milestones are delivered.

 

Morgans initiated coverage on Many Peaks Minerals (ASX: MPK) with a SPECULATIVE BUY rating and A$1.92 price target, highlighting strong confidence in the scale and development potential of the Ferké Gold Project in Côte d’Ivoire. Morgans noted: Ferké is characterised by favourable geometry and grades strengthening at depth, supporting a credible production case with clear scope for resource expansion along strike and at depth.

 

Euroz Hartleys maintained a $7.85/share target on Robex Resources (ASX: RXR) following the company's Q1 production update. "RXR have pre-reported their Q1 CY26 production numbers, with group production of 49,367oz gold, and cash and bullion to close at US$255m at quarter-end, up from est. US$150m, demonstrating solid cash build of ~A$150m over the quarter, in the company's first quarter of commercial production," analyst Mike Millikan wrote.

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METALS AND MINING

 

Wildcat Resources (ASX: WC8) extended its Bolt Cutter Central lithium discovery in the Pilbara, with drilling confirming a ~300m northern extension and defining a mineralised footprint exceeding 2.3km to the northwest and up to 800m to the northeast. Metallurgical drilling has returned multiple high-grade spodumene intercepts, including 9.4m at 1.3% Li₂O and 7.6m at 1.4% Li₂O, with mineralisation remaining open in most directions across a stacked pegmatite system. RC drilling is set to commence to support resource modelling and further extend the discovery, with Wildcat well funded with $48.5 million in cash. Covered by Australian Mining.

 

Power Minerals (ASX: PNN) reported exceptional magnetic rare earth oxide (MREO) concentrations from ongoing due diligence at the Morro do Ferro Project in Brazil, including standout results of 3.53% MREO over 2 metres and broad intercepts such as 100.4m at 0.95% MREO from surface. The results highlight strong near surface mineralisation and reinforce the project’s potential within the Poços de Caldas rare earth province, with high value magnet elements expected to underpin project economics as Power progresses its acquisition and development strategy. 

 

Recharge Metals (ASX: REC) successfully completed the acquisition of the Sunset Well Gold Project and the raising of A$5.75 million through a Placement and Rights Offer to advance the exploration activities at Sunset Well and existing projects.

 

Strata Minerals (ASX: SMX) has successfully wrapped up its Phase 2 RC drilling program and secured a highly prospective tenement directly north of its fully owned Zelica Gold Project in Western Australia. This strategic acquisition extends the interpreted strike of the gold-mineralised corridor to around 9.5km, further enhancing the Company’s footprint in what is emerging as a significant gold system in the Eastern Goldfields. Covered by Stockhead.

 

Enova Mining (ASX: ENV) reported high-grade rare earth intercepts from maiden diamond drilling at its East Salinas Project in Brazil, confirming ionic adsorption clay mineralisation within near surface saprolite. Results include 17m at 5,000ppm TREO and 9m at 1,677ppm TREO from surface, with a peak grade of 1.27% TREO, supporting a broad and continuous mineralised system across multiple targets. 

 

Locksley Resources’ (ASX: LKY) diamond drilling program has commenced at the El Campo Rare Earth Element (REE) Prospect, part of its Mojave Project in California.  The drilling program represents Locksley’s first systematic drill testing of El Campo and is designed to evaluate the scale, continuity and geological characteristics of REE mineralisation identified through historical work and recent surface sampling.

 

Chariot Resources’ (ASX: CC9) independent quantitative mineralogical testwork has identified spodumene in all six previously disclosed verification samples from the Fonlo and Iganna projects in southwest Nigeria and has identified pollucite in the highest-caesium Iganna samples. The Fonlo and Iganna projects form part of a portfolio of four (4) lithium projects, in which Chariot is acquiring a 66.667% interest, pursuant to the share sale agreement announced on 10 July 2025 and the variation deed announced on 3 December 2025. Covered by Stockhead.

 

Novo Resources (ASX: NOV) reported on the upcoming drilling and forward work program involving drilling at the Wyloo, Cronus, Balla Balla and Teichman Projects following completion of Tranche 1 of the Company’s recent capital raising. Covered by Bull & Bears.

 

Vita Resources (ASX: VTA) reported its drilling contractor has temporarily demobilised from the Ninnis Gold Project in WA due to the impact of Tropical Cyclone Narelle. Vita expects the contractor will return to site later this month to complete the remaining budgeted 350 holes in the auger drilling program.

 

Atomic Eagle (ASX: AEU) CEO Phil Hoskins caught up with Mining Stock Education's Bill Powers to provide an update on our Muntanga Uranium Project in Zambia, discussing the significant progress made since Atomic's listing and what's ahead. Hear the two discuss the 24% increase in total Mineral Resources announced last month, the company embarking on the largest drill program at the project in almost 20 years, and upcoming exploration focuses. They also discuss the recent successful North American roadshow, peer comparisons, and progress of discussions regarding the Madaouela Project in Niger, plus more.

 

High-grade copper-gold hits keep coming at FireFly Metals’ (ASX: FFM) Green Bay Project. Infill drilling is delivering thick, high-grade intercepts in the high-grade Core Zone – where VMS-style mineralization meets the Footwall Stringer Zone – including 70.8m @ 4.0% CuEq and 53.3m @ 4.1% CuEq.

 

Bellevue Gold (ASX: BGL) provided a preliminary production and financial update for the March 2026 quarter, highlighting 40,745oz gold produced in the quarter with average head grade lifting to 4.7g/t; record underlying free cash flow, before voluntary future hedge book pre-deliveries, of ~$158m (Dec 2025 quarter: $62m); cash and gold on hand rose ~$16m to $181m, and FY26 production guidance of 130-150koz and AISC guidance of A$2,600-2,900/oz. Full results will be released in the quarterly report later in April 2026.

 

Cygnus Metals (ASX: CY5) Executive Chairman David Southam was interviewed in Paydirt magazine, discussing exploration at the company’s Chibougamau Copper-Gold Project and the oversubscribed $25m placement completed last month to advance the project with journalist Rhonda Malkin. David highlights the significant Resource growth achieved since acquiring the project, and the three rigs currently spinning at the Golden Eye deposit, where results are due in the coming weeks.

 

OIL, GAS & ENERGY

 

Cue Energy Resources (ASX: CUE) issued its Target’s Statement in response to Horizon Oil’s unsolicited off market takeover offer, with the Independent Board Committee unanimously recommending shareholders REJECT THE OFFER and take no action. The committee cited several reasons including an inadequate control premium, undervaluation relative to Horizon, dilution of exposure to key assets and the conditional nature of the offer, while noting shareholders should consider their individual circumstances and seek independent advice.


Condor Energy (ASX: CND) executed a binding term sheet to acquire Jaguar Exploration Inc.'s 20% participating interest in Technical Evaluation Agreement (TEA 86) offshore Peru, bringing Condor to 100% ownership of the asset. The consolidation strengthens Condor's control over the Tumbes Basin, streamlining future farm-in negotiations and gas commercialisation efforts.

 

INDUSTRIALS

 

Advanced Innergy Holdings (ASX: AIH) entered into an exclusivity deed with Matrix Composites & Engineering (ASX: MCE) following its $0.40 per share indicative offer to acquire the company via scheme of arrangement. The agreement provides AIH with a defined period to negotiate binding terms exclusively, supporting its strategy to build a leading subsea and buoyancy solutions platform and expand its manufacturing footprint across the Asia-Pacific region.

 

BIOTECH

 

Radiopharm Theranostics (ASX: RAD) received a positive recommendation from the Data Safety and Monitoring Committee to advance 177Lu-RAD202 to the next dose level in the Phase 1 ‘HEAT’ clinical trial in patients with Human Epidermal Growth Factor Receptor 2 (HER2)-positive advanced solid tumors.

 

Radiopharm also signed a supply agreement with Siemens Healthineers, in which Siemens Healthineers will radiolabel and distribute RAD101 with Fluorine-18 (18F). RAD101 is Radiopharm’s novel imaging small molecule targeting fatty acid synthase (FASN) radiolabelled with Fluorine-18 for the diagnosis of suspected recurrent brain metastases from solid tumors of different origins.

 

Imricor Medical Systems (ASX: IMR) submitted its NorthStar® Mapping System to the U.S. FDA for pediatric label expansion, targeting a network of 250+ children’s hospitals and unlocking a meaningful new commercial channel. Following recent adult clearance, the Company is already seeing inbound interest, with the pediatric segment offering a near-term pathway to revenue, installed base growth and broader U.S. adoption of its full EP platform.

 

TECHNOLOGY

 

PlaySide Studios (ASX: PLY) reported strong pre-launch momentum for its upcoming title 'MOUSE: P.I. For Hire' with wishlists surpassing 1.5 million, exceeding prior guidance and supported by accelerating engagement, including a 60% week-on-week uplift. The game is set for a multi-platform global release on 16 April, complemented by a physical retail rollout in July, positioning PlaySide to capitalise on broad distribution and strong early demand.

 

CORPORATE NEWS

 

Celsius Resources (ASX: CLA) announced the appointment of Bardin Davis as Managing Director and the engagement of an executive search firm to advise on the appointment of a Non-Executive Chair.

 

Desert Metals (ASX: DM1) launched a fully underwritten non renounceable 1 for 2 entitlement offer of options priced at $0.001 each, exercisable at $0.015 by 31 December 2027, to raise up to approximately $325,000. Proceeds will support ongoing aircore drilling at the Tiogo and Kakologo gold prospects in Côte d’Ivoire, along with working capital and offer costs, with CPS Capital acting as underwriter. Entitlement Prospectus.

 

American Tungsten & Antimony (ASX: AT4) strengthened its technical and development capability with the appointment of experienced geoscientist David Groombridge as Exploration Manager USA and engagement of SRK Consulting to provide independent JORC-compliant Competent Person services. The appointments support advancement of AT4’s U.S. tungsten and antimony portfolio and its hub and spoke development strategy, with upcoming work to focus on drilling and exploration across projects including Antimony Canyon, Tennessee Mountain and Fraction Lode. Covered by The Australian and Proactive.


Ark Mines (ASX: AHK) appointed Thomas Patterson as a Director, bringing a diverse background in accounting, finance, tax and corporate development across a range of sectors. He advises both private and public corporations and high net worth family groups, including on strategy, transactions and capital raisings.

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Tungsten Mining (ASX: TGN) covered in “Queensland tungsten set to surge” by Australian Mining.

 

Sunshine Metals (ASX: SHN) $163 million cash flow tipped at Sunshine’s Liontown covered by Mining.com.au.

 

Heavy Rare Earths (ASX: HRE) featured in a Stockhead article by Kristie Batten, highlighting its strategy to unlock South Australia’s critical minerals potential.

 

Paradigm Biopharmaceuticals (ASX: PAR) Executive Chair Paul Rennie joined Money News with Scott Haywood to discuss continued momentum of the Company’s Phase 3 osteoarthritis program, with 50% of patients now dosed in PARA_OA_012, a key milestone as the study progresses toward interim analysis.

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Sparc Technologies (ASX: SPN) Managing Director Nick O’Loughlin and Hydrograph’s President and CEO Kjirstin Breure sat down with Kerry Stevenson from Making Money Matter to discuss the recently signed LOI to advance the use of HydroGraph's Fractal Graphene in Sparc's ecosparc® additives for protective coatings.

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NH3 Clean Energy (ASX: NH3) Chairman Charles Whitfield sat down with Kerry Stevenson from Making Money Matter to discuss the WAH2 clean ammonia project in the Pilbara, Western Australia.

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Hazer Group (ASX: HZR) CEO Glenn Corrie spoke joined GraphiteHub to discuss the HAZER process: Black Gold: Hazer Group's Dual Play on Hydrogen and Graphite

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Alice Queen (ASX: AQX) Managing Director Andrew Buxton spoke with Mining.com.au about the recent board appointment and plans ahead at its Viani Gold Project in Fiji and Horn Island Project.

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Many Peaks Minerals (ASX: MPK) Managing Director, Travis Schwertfeger joined Kerry Stevenson from Making Money Matter to provide an update, highlighting the company’s ongoing focus on identifying new opportunities in Côte d’Ivoire and beyond.

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