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West African Resources (ASX: WAF) reiterated it is on track to meet 2026 annual guidance of 430,000 to 490,000 ounces of gold after achieving a June quarter group gold production of 125,179oz across its Sanbrado and Kiaka operations in Burkina Faso. June quarter group gold sales totalled 110,737oz at realised price of US$4,556/oz. Year-to-date group gold sales total 214,883oz at realised price of US$4,744/oz.

 

Lycopodium (ASX: LYL) is the preferred Engineering, Procurement and Constriction contractor for the development of Ausgold’s Katanning Gold Project in WA. The Early Works Agreement is valued at approximately ~$6m and includes the progression of detailed engineering, optimisation of project execution planning, refinement of construction methodologies and purchase of vendor data for procurement packages to support an efficient transition into full project delivery following a planned final investment decision (FID) by the end of 2026, with first gold production anticipated in mid-2028.

 

Predictive Discovery (ASX: PDI) delivered a strong June 2026 quarter, with its Kiniero Gold Mine in Guinea pouring 54,252oz, while Nampala in Mali contributed a further 9,774oz, bringing combined quarterly gold production to 64,026oz. Kiniero averaged 1,113 tonnes per hour (~9.0Mtpa) - well above its 6.0Mtpa nameplate capacity - and lifted gold recovery to 90.5% through continued process optimisation. PDI holds A$530 million (US$365 million) in cash and bullion. Covered in Mining News.

 

Syntara (ASX: SNT) reported encouraging preliminary Phase 2 data for SNT-4728, with the first interventional study in isolated REM Sleep Behaviour Disorder (iRBD) demonstrating a statistically significant reduction in brain inflammation in a key region linked to Parkinson's disease. The study showed 20 of 30 patients receiving SNT-4728 recorded reduced inflammation in the putamen after 12 weeks, while the treatment remained safe and well tolerated. Full clinical, imaging and biomarker results are expected in Q3 2026, with Syntara also filing a new provisional patent covering the therapy's use in iRBD.

 

SPC Global Holdings (ASX: SPG) confirmed its normalised EBITDA remains on track to meet its FY26 guidance, representing ~25% growth with Beverages NSR up 11.7% and Nature One delivering ~AUD$5.5 million international NSR growth. Following the company's ~$100m equity raise, net leverage reduced from ~3.9x EBITDA to below ~2x at FY26 year end, with further reductions to 1.0-2.0x expected in FY27. The company implemented new ranging deals in Japan, South Korea and Singapore, and progressed its Shepparton restructuring and Mill Park closure, expected to deliver ~AUD$8 million in FY27 EBITDA benefits.

 

Following the appointment of highly regarded geologist Graeme Burcell as Managing Director of BOA Resources (ASX: BOA) last week, Director Mark Tomlinson purchased ~$108k on market and Non-Executive Chair Cath Norman purchased ~$20k on market. BOA is gearing up to enter its next phase of growth, with plans to accelerate exploration across its copper assets. The company was also discussed in Far East Capital’s Weekly Commentary by analyst Warwick Grigor.

 

Larvotto Resources (ASX: LRV) secured an option for Blockade Copper Mine, which is surrounded by its Mt Isa tenements in Queensland. A Reverse Circulation drilling program confirmed strong copper mineralisation beneath the historic Blockade open pit, returning intersections of up to 31m @ 1.16% Cu from 63m, including 8m @ 1.86% Cu. Covered by Mining.com.au and SMH. During the week, Larvotto also responded to Austral Resources’ competing proposal for Hammer Metals, noting the proposal remains non-binding and conditional, while the Hammer Board continues to unanimously recommend shareholders vote in favour of the Larvotto scheme. Covered by Sydney Morning Herald. 

vantage point
OEC Podcast Intro

Orbital UAV's CEO Stephen Pearce and CFO Mark Wege joined Vantage Point to talk through how the business has repositioned itself over the past two years.

 

They unpack Orbital's proprietary dual fuel injection technology, which allows its two-stroke engines to run cleanly on heavy fuel at altitude, something competitors coming from gasoline and hobby engines still struggle with, and why that translates into market-leading time between overhauls and a lower cost of ownership for operators.

 

It's a candid conversation about diversifying away from customer and product concentration, overcoming a reputation for being expensive, and what's actually changing in the broader drone propulsion market.

 

🎧 Spotify | 📺 YouTube
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RaaS Research initiated coverage on Auric Mining (ASX; AWJ), assigning a fully diluted valuation of $0.499 per share (and $0.937 per share on an undiluted basis), representing a 108% premium to the current share price. The valuation is underpinned by the proposed Burbanks Processing Hub (BPH), which RaaS estimates will deliver a post-tax NPV of approximately $138 million and an IRR of 66%. The report also highlights Auric's strong financial position, with around $42 million in cash, its 192,000oz Munda gold resource, and a track record of successful toll-treatment campaigns that have generated more than $55 million in cash flow since 2023. Combined with a strengthened leadership team, these factors are seen as key drivers supporting Auric's transition to a standalone gold producer by 2028.

 

Petra Capital maintained its Buy recommendation on Element 25 (ASX: E25) with a $1.46 price target. Based on a share price of $0.225, the target sees potential upside of approximately 549%. According to Petra Capital, the updated US$166M grant agreement with the US DoE reinforces the strategic importance of E25's planned HPMSM refinery in Louisiana, which is expected to process concentrate from the company's Butcherbird Project in Western Australia. The report also highlights growing demand for manganese in lithium-ion batteries as battery chemistries continue to evolve, with the broker viewing Element 25 as well positioned to benefit from increasing investment in secure domestic battery materials supply chains in the United States.

 

Euroz Hartleys retained its Speculative Buy rating on Midas Minerals (ASX: MM1), maintaining a price target of $1.18 against a current share price of $0.85. The broker's rating is underpinned by high-grade assay results at the T13 deposit, including 30m at 5.3% copper equivalent from 325m, alongside encouraging results from the previously under-explored T-13 West zone.

 

Argonaut maintained its Buy rating on Predictive Discovery (ASX: PDI), setting a price target of A$1.50, implying a total shareholder return of 132% against the recent price of ~$0.65/sh. The broker noted PDI’s 64koz produced in the June 2026 quarter, 10% above its estimates, with another strong performance at Kiniero where throughput averaged 9.0Mtpa annualised, well above the 6.0Mtpa nameplate capacity.

 

Meanwhile, Euroz Hartleys upgraded Predictive Discovery to Buy, lifting its price target to $1.35 from $1.28. The broker highlighted an outstanding June quarter at Kiniero, with plant throughput averaging 1,113tph, around 50% above its 6.0Mtpa nameplate capacity, producing 54,252oz of gold, up 42% quarter-on-quarter and 27% ahead of its own forecast.

 

Argonaut maintained its Buy recommendation on West African Resources (ASX: WAF), setting a price target of A$5.80 against a current share price of A$2.81, implying a total shareholder return of 106%. The broker's rating is underpinned by a strong June quarter at Sanbrado, where production lifted 37% quarter-on-quarter on higher ore tonnes from the M1 Underground, beating Argonaut's estimates by 8% and consensus by 10%.

 

Euroz Hartleys retained its Speculative Buy rating on West African Resources, maintaining a price target of A$5.55. The broker noted WAF produced 125.7koz for the June quarter, ahead of Euroz Hartleys' 120.8koz estimate and consensus of 119.5koz, with year-to-date group production of 232.9koz at a realised price of US$4,774/oz.

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METALS AND MINING

 

Midas Minerals’ (ASX: MM1) drilling at its Otavi Project in Namibia continues to outperform expectations, with latest results confirming a high-grade copper-silver extension to the Spaatzu prospect. Results included 30m at 1.87% copper, and 12.7g/t silver within 52m at 1.19% copper, 8.7g/t silver and 1.93% lead. Midas’ drilling also returned significant high-grade shallow manganese. Meanwhile it also defined a high-grade zone at T-13 West, ~500m from T-13 Main at Otavi, highlighting the potential for repeat high-grade zones along the broader 4.6km-long T-13 Prospect. Midas has six rigs operating across the Otavi project, with more results pending. Managing Director Mark Calderwood also joined the LEVRD podcast this week.

 

Wildcat Resources (ASX: WC8) reported strong maiden metallurgical testwork from the Bolt Cutter Central lithium discovery, achieving an average 82.5% spodumene recovery at an average concentrate grade of 5.66% Li₂O using the same processing method planned for the nearby Tabba Tabba Project. The results support the potential for Bolt Cutter Central to be processed using Tabba Tabba's planned flowsheet, while ongoing drilling has expanded the mineralised footprint to approximately 2.3km by 800m. Resource modelling is now underway, with a maiden resource expected in Q3 2026. Covered by Mining.com.au.

 

Evergold Minerals (ASX: EG1) continues to deliver strong results from its 2026 reverse circulation (RC) drilling program at the Duchess of York Prospect within the Mt Monger Gold Project. Assays have now been received for ~80% of submitted samples, with 2,180 of 2,667 results returned - highlighting further broad and high-grade gold mineralisation. High-grade intercept of 2m at 7.90 g/t Au from 43m and widest intercept to date 25m at 1.00 g/t Au from 57m. Covered by The Market Bull.

 

Element 25 (ASX: E25) agreed to updated terms with the U.S. Department of Energy for its US$166 million (A$268 million) grant to support development of its planned Louisiana High Purity Manganese Sulphate Monohydrate (HPMSM) facility. The revised agreement maintains the grant as a cornerstone of the project's funding strategy, while updating milestones to align with evolving battery market conditions. The company said the grant reinforces U.S. Government support for its integrated strategy linking the Butcherbird Expansion Project in Western Australia with the Louisiana refinery to establish a secure, long-term battery materials supply chain.

 

NVRO Metals (TSXV: NVRO) signed a non-binding MOU with Hecla Greens Creek Mining to evaluate an industrial-scale campaign to process approximately 35,000 tonnes of third-party tailings at the proposed NVRO Metals Hub in the Northern Territory, marking a significant step towards commercialising the NVRO Process™ and advancing the Hub as a centralised critical minerals processing platform. Covered by International Mining.

 

Tarrina Resources (ASX: TR8) confirmed high-grade gold mineralisation extends well beyond the historic Christmas Gift Gold Mine, with all six Phase 1 diamond drillholes intersecting gold over more than 1km of strike. Standout results included 14.5m at 2.23g/t gold, 16.4m at 2.06g/t gold and 0.5m at 42.26g/t gold, validating historic drilling and highlighting the potential for a larger high-grade orogenic gold system. Follow-up aircore and RC drilling is planned to test extensions along strike and at depth, with multi-element assay results expected later this month. Covered by Stockhead.

 

Kalamazoo Resources (ASX: KZR) reported further assay results from the now completed Mt Olympus resource definition drilling program at its Ashburton Gold Project in Western Australia. The program comprised 72 holes for 13,726 metres, with results continuing to reinforce geological continuity ahead of the updated Mineral Resource Estimate and Pre-Feasibility Study (PFS). Six high-grade gold intersections exceeding 50-gram metres were returned, with strong development being identified at depth within the current PFS shell. Covered by The West Australian, Australian Resources & Investment and Mining.com.au.

 

Pilbara Gold (ASX: PGL) is accelerating drilling at its 2.1Moz Mt York Gold Project in WA’s Pilbara, with 13,000m of a +50,000m program completed to date and a sixth rig due to mobilise this month. First results are expected by the end of July. Meanwhile it has commenced drilling at its Roe Hills Gold Project near Kalgoorlie, with the majority of the 12,000m program directed at the 1.8km mineralised corridor at Terra, which previously returned 35m @ 1.00g/t Au from 116.5m and 23m @ 1.43 g/t Au from 104m.

 

Sierra Nevada Gold (ASX: SNX) reported first results from drilling at the As Safra Copper-Gold Project in Saudi Arabia, with intercepts of 17m @ 1.26% Cu from 25m, incl. 3m @ 4.59% Cu from 38m and 16m @ 1.20% Cu from 75m, incl. 4.6m @ 3.19% Cu from 81m. Copper mineralisation now confirmed from surface to >200m vertical depth and remains open along strike and down dip within the Central Target area, and maiden results confirmed continuous mineralisation over 400m of a 5.5km mineralised corridor. Phase 1 drilling is complete with more results expected over 6-8 weeks.

 

Australian Mines (ASX: AUZ) expanded exploration beyond its VG1 discovery at the Boa Vista Gold Project in Brazil, identifying 14 additional prospective gold targets across the broader tenure package. Four priority targets, Baixão, Zé do Leicha, Almir and Jair are now advancing toward drill-ready status, supported by gold-in-soil anomalies, structural corridors, historical artisanal workings and rock-chip results of up to 31.0g/t gold at Baixão, 11.1g/t gold at Jair and 5.6g/t gold at Zé do Leicha. A 135-site stream sediment sampling program aims to generate further targets, as AUZ seeks to grow Boa Vista from a single discovery at VG1 into a district-scale gold exploration opportunity within Brazil's highly prospective Tapajós Mineral Province. Covered by Stockhead and Mining.com.au.

 

Native Mineral Resources (ASX: NMR) achieved record June 2026 refinery production of 763.8oz fine gold, representing the strongest monthly gold production since recommissioning of its Blackjack Processing Plant in July 2025. NMR has transitioned to a weekly gold smelting program at Blackjack with mining continuing to advance across three active mining fronts, supporting increasing mill feed grades and continued production growth.

 

Western Ridge Resources (ASX: WRX) reported high-grade rock chip results of up to 941g/t Ag and 44.4g/t Au from its Keystone Project in Nevada, validating multiple geophysical targets, expanding the known mineralised system and highlighting significant exploration upside across the recently enlarged project area. Covered by Mining.com.au.

 

WA Gold (ASX: WAU) completed the first phase of its 2026 drilling campaign at the Abercromby Gold Project, with seven diamond holes drilled for 3,277m targeting extensions to the existing 518,000oz gold Mineral Resource. Assays from the first five holes have been submitted, with all results expected this month, while a further 6,000m of fully funded diamond and RC drilling will commence this quarter to expand the resource and support the ongoing feasibility study. Covered by Stockhead.

 

Koba Resources (ASX: KOB) commenced its maiden 3,000m drill program at the 100%-owned Mt Garnet Tin-Tungsten Project in North Queensland. Targeting a 2.0km x 0.5km high-tenor tin-in-soil anomaly at Stannex, supported by strong IP chargeability anomalies and rock chip grades of up to 21.3% Sn, highlighting the scale potential of the mineralised system.

 

Locksley Resources (ASX: LKY) provided an update on its collaboration with Rice University to advance DeepSolv™ hydrometallurgical technology for antimony recovery and support a domestic U.S. critical minerals processing pathway. Optimisation work successfully upgraded raw ore containing 9–12% antimony into products grading up to 93% Sb, with concentrates producing recovered products of approximately 91–96% Sb. Electrodeposition trials also achieved the production of pure metallic antimony from raw ore. Covered by Brisbane Times & Stockhead.

 

Heavy Rare Earths (ASX: HRE) received encouraging results from recent surface geological mapping at its Prospect Hill Tin Project in South Australia. Following a detailed review of historical data, the Company’s geological team identified new extensions to the known mineralisation at the South Ridge tin deposit, expanding the prospective zone to 1.85km along strike. A key highlight is a 900-metre under-drilled zone that presents strong potential to add to the existing mineral system as HRE advances towards a drilling program targeting a maiden Mineral Resource Estimate (MRE) for one of South Australia’s most advanced tin prospects.

 

Iltani Resources (ASX: ILT) received assay results from RC drillholes ORR148 to ORR158, completed as part of a 110-hole program underway at its Orient Silver-Indium Project. All drill holes were completed at Orient West as part of the infill drilling program designed to increase the grade, tonnage and confidence in the current Orient JORC Resource. Drilling continues to be an outstanding success, intersecting high-grade silver-indium rich massive sulphide veins.

 

Intercepts over 4% TREO have confirmed district-scale rare earth potential at Oceana Metals’ (ASX: OCN) Serra Negra Project. High-grade assay results validate a 1km x 1.5km priority target, with mineralisation remaining open and further historical re-assays pending. An initial 20,000m drill program will commence in coming weeks, working toward a maiden MRE in the coming months.

 

INDUSTRIAL

 

ECS Botanics (ASX: ECS) announced new German regulatory guidance may increase barriers to entry for competitors, reinforcing the strategic value of the Company's integrated cultivation and pharmaceutical manufacturing platform. Covered by Cannabiz.

 

TECHNOLOGY

 

Swift TV (ASX: STV) secured its second hospitality agreement within weeks, with Seashells Hospitality Group deploying Swift TV across two accommodation sites, further validating the platform's expansion into the hotel sector. Covered by TechInvest.

 

Dataworks Group (ASX: DWG) secured a $1.5 million unsecured working capital facility to provide additional liquidity and flexibility as it continues to deliver existing customer programs and progress commercial opportunities.

 

BIOTECH

 

ReNerve (ASX: RNV) received marketing approval in Indonesia for its NervAlign® Nerve Cuff, expanding the company's Asia-Pacific footprint to include the United States, New Zealand, Hong Kong, Thailand, Malaysia and Indonesia. As the world's fourth most populous nation with more than 280 million people, Indonesia represents a significant commercial opportunity for ReNerve's peripheral nerve repair products, with the regional nerve repair market estimated to be worth US$100 million in 2026.

 

CORPORATE NEWS

 

Cue Energy (ASX: CUE) appointed Bruce Clement as Chair, following the completion of Horizon Oil's acquisition of a 57.03% stake in the company and the associated board renewal. A highly experienced oil and gas executive, Mr Clement brings more than 40 years of industry experience, having previously led ROC Oil and AWE Limited, while also serving as Chair of Horizon Oil. The company has also confirmed a refreshed board committee structure as it looks to leverage the combined technical expertise, financial strength and growth opportunities of the enlarged group. Covered by Mining.com.au.

 

Green Technology Metals (ASX: GT1) secured a C$500,000 non-repayable grant through Ontario’s Critical Minerals Innovation Fund (CMIF), covering up to 50% of eligible project costs. The funding will support technical studies, testing and market assessments aimed at identifying opportunities to recover and reuse materials from process waste streams, advancing GT1’s integrated lithium strategy in Ontario and supporting circular economy outcomes.

 

ReNerve (ASX: RNV) secured a funding facility of up to A$5 million with RiverFort, providing staged access to capital over a three-year period to support the company's commercial growth. An initial drawdown of approximately A$1.6 million (A$1.361 million net) will fund expansion of ReNerve's product portfolio, US sales and distribution activities, and broader commercialisation initiatives, while the staged structure provides flexibility to align future funding with business progress.

 

SPARC Technologies (ASX: SPN) Managing Director Nick O'Loughlin shared the Company's H1 2026 Shareholder Letter, reflecting on a period of strong commercial and technical progress across graphene additives and green hydrogen.

 

Brazilian Critical Minerals (ASX: BCM) secured firm commitments for a ~A$10 million institutional placement to accelerate the development of the Ema Rare Earths Project. This follows the Company's recently released Bankable Feasibility Study, in which the funding positions the Company to advance Ema towards FID through FEED, production well drilling, early equipment procurement, permitting, project financing and offtake discussions.

 

Equus Energy (ASX: EQU) announced the appointment of Grant Davey as Non-Executive Chairman and Michael Barnes as an Independent Non-Executive Director, effective immediately.

Mr Davey brings more than 30 years' experience across global mining and energy projects, including senior management, development and operational roles. Mr Barnes served as Western Australia's Under Treasurer for more than 11 years, bringing extensive experience in public finance, economic policy and major project development.

 

American Tungsten & Antimony (ASX: AT4) appointed Casper Adson as Chief Executive Officer to lead its metallurgical and downstream processing strategy, supporting the company's goal of becoming a vertically integrated, mine-to-metal supplier of defence-grade antimony and tungsten products in the United States. Mr Adson brings more than 20 years' experience across critical minerals processing, while former Managing Director Andre Booyzen transitions to Executive Director, Government Relations and Marketing to focus on government engagement, strategic partnerships and funding initiatives. Covered by Stockhead.

 

CurveBeam AI (ASX: CVB) received binding commitments for a A$5 million institutional and related party placement, including two directors, Greg Brown and Arun Singh. A proposed Share Purchase Plan to be made available to eligible shareholders to raise up to a further A$1 million. Net proceeds from the fundraising will fund Sales & Marketing, R&D and Supply Chain, with a particular focus on the China market launch, along with offer costs and working capital.

 

Radiopharm Theranostics (ASX: RAD) received a research and development (R&D) tax refund for the 2025 financial year, totalling A$5,885,131, including A$104,475 interest. The refund is received as part of the Australian Government’s R&D tax incentive, which provides companies engaging in appropriate and eligible activities with a refundable tax offset of up to 43.5%. The refund received by Radiopharm will provide important funding for continued development of its portfolio of radiopharmaceutical products for diagnostic and therapeutic applications.

 

Krakatoa Resources (ASX: KTA) completed a $1.6M placement to fund the 2026 exploration program at its Zopkhito Antimony-Gold Project. The placement was completed at $0.004 per new share, with one free attaching option for every four shares subscribed, exercisable at $0.01. Covered by Australian Resources and Investment.

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Everest Metals (ASX: EMC) What makes EMC’s Mt Edon rubidium game unique Covered by Stockhead

 

Alterity Therapeutics (ASX: ATH) Kicks FDA goal as US regulator backs Phase III pathway for ATH434 in MSA Covered by Stockhead

 

Charger Metals (ASX: CHR) featured in the recent Rat Rant Newsletter, which noted: “With a healthy bank account, a tight capital structure, a growing lithium resource and upcoming drilling, CHR shareholders have a lot to look forward to going into the end of 2026.”

 

Jameson Resources (ASX: JAL) joins race to fill coking coal supply gap. Covered by Australian Resources & Investment

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Element 25 (ASX: E25) Investor Update - July 2026

 

Australian Mines (ASX: AUZ) Flemington Scandium & Boa Vista Gold Investor Presentation: July 2026

 

CurveBeam AI (ASX: CVB) July 2026 Investor Deck

 

Krakatoa Resources (ASX: KTA) Investor Presentation - July 2026

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Syntara (ASX: SNT) CEO Gary Phillips conducted an investor webinar regarding its announcement of the SNT-4728 preliminary analysis, joined by Chief Medical Officer Jana Baskar and principal investigator Professor Simon Lewis.

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Host Tylah Tully sat down with AnteoTech (ASX: ADO) Managing Director Merrill Gray to discuss the successful completion of the company’s initial CLIA diagnostics product development program and what it means for its expansion into the fast-growing chemiluminescent immunoassay market.

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Evergold Minerals (ASX: EG1) General Manager Tim Fraser joined LEVRD to walk through the latest Duchess of York assays at Mt Monger - including the 22m at 1.80 g/t, EG1's widest intercept to date, plus the Gladiator sanukitoid target and where the geological model is heading. He also spoke to ASX Briefs (podcast) to explain how Evergold’s understanding of Mt Monger has evolved after a full quarter of gravity surveys, soil geochemistry, and mapping.

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Turnstone Resources (ASX: TSR) Executive Chair Len Jubber hosted an investor webinar, providing an update on Turnstone’s exploration activity across its highly prospective copper-gold portfolio in Sweden.

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Krakatoa Resources (ASX: KTA) Chairman Colin Locke spoke to Mining.com.au following the completion of its $1.6m placement to fund the 2026 exploration program with surface and underground drilling underway at the high-grade Zopkhito Antimony-Gold Project. 

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Sparc Technologies (ASX: SPN) MD Nick O'Laughlin joins TMB to discuss their flagship graphene enhanced coating Ecospark, and newly launched SparcES, a conductive coating used in floors of data centres and semi-conductor fabrication plants.

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Kalamazoo Resources (ASX: KZR) Chairman Luke Reinehr spoke to Shae Russell from Mining.com.au on-site to discuss KZR’s one million oz production profile ambition and the strong leadership to advance KZR into one of Australia's next gold development companies.

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Swift TV (ASX: STV) MD Brian Mangano appeared on Ausbiz to discuss the company's shift from years of platform development into commercial traction, with new long-term recurring revenue contracts in hospitality adding to recent deployments in mining, oil and gas, FIFO communities and aged care.

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AuKing Mining (ASX: AKN) Managing Director Paul Williams and Exploration Manager Ian McBride hosted an Investor Webinar, providing an update on the Company’s drilling activities at its Tundulu Project in southern Malawi.

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Alice Queen (ASX: AQX) Managing Director, Andrew Buxton, led an investor webinar to discuss the recently released Horn Island Project Definition Study.

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