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Small Cap Watch: Market pulls back slightly as juniors report progress
Several junior companies are pushing forward with notable developments, and plenty of quarterly reports, across the resources, energy, and tech sectors on Wednesday, despite a slight pullback in the S&P/ASX Small Ordinaries (XSO) index, which slipped by 0.23% to 3,337.60. These companies are making progress through new discoveries, strategic expansions, and ongoing exploration, reflecting resilience and momentum in the small-cap space.
Below is a roundup of the latest updates on Wednesday:
Anteris Technologies submits SEC filing
Anteris Technologies Pty Ltd (ASX:AVR, NASDAQ:AVR) has executed a First Amended and Restated Master Services Agreement (A&R MSA) with Switchback Medical, LLC to support the development and manufacture of its structural heart devices.
Ionic Rare Earths increases rare earth production in response to global demand
Ionic Rare Earths Ltd (ASX:IXR, OTC:IXRRF) is ramping up production of dysprosium and terbium oxide at its Belfast plant, responding to surging demand from US, European, and Asian markets. The move follows China’s export restrictions on these rare earths, critical for defence, manufacturing, and renewables.
Firebird Metals targets next-gen solid-state battery materials
Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) is expanding its manganese battery chemicals platform to include the development of Lithium Manganese Rich (LMR) cathode materials for solid-state batteries. This expansion comes as Ford and GM announce LMR as a key cathode for next-gen EVs.
Ora Banda Mining confirms multi-lode gold system at Little Gem
Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) has confirmed a multi-lode gold system at Little Gem with significant high-grade results, including 8.8m @ 6.3g/t gold. A Phase 3 drilling program is now underway to further define the system.
Pantoro Gold continues to hit high-grade gold at OK Underground Mine
Pantoro Gold Ltd (ASX:PNR, OTC:PNTOD) reported high-grade gold results from its ongoing drilling at the OK Underground Mine, including 5.94m @ 34.47g/t and 0.85m @ 349.96g/t. The company is confident the mine will provide a solid base of high-grade mill feed for the future.
Auking Mining advances portfolio with strategic project updates
AuKing Mining Ltd (ASX:AKN) provided updates on its diversified portfolio, including progress on its Cloncurry Gold Project acquisition and the Cobalt Blue JV at Koongie Park. The company raised $1.177 million in a placement to support its activities.
Apollo Minerals uncovers high-grade gold at Salanie in Gabon
Apollo Minerals Ltd (ASX:AON, OTC:APOMF) has continued its exploration at the Salanie Gold Project in Gabon, with Phase 2 drilling returning high-grade results, including 3.8m @ 1.3g/t at A1 and 1.1m @ 19.9g/t at P6. The company is testing additional targets along the Salanie structure.
Alkane Resources meets gold production targets as merger approaches
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) reported gold production of 19,193oz for Q4 FY2025 at its Tomingley Gold Operations. The company is on track for its merger with Mandalay Resources, which will enhance cash flow and provide further growth opportunities.
Carnavale Resources expands Kookynie resource with high-grade update
Carnavale Resources Ltd (ASX:CAV) updated its JORC resource estimate for the Kookynie Gold Project, now standing at 842kt @ 4.3g/t for 117koz Au. The company is also working on an updated scoping study, which will include the new resource and stronger gold price.
Solis Minerals drills new targets at Chancho al Palo copper-gold project
Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has commenced drilling at its Chancho al Palo copper-gold project in Peru. Channel sampling at the Cinto project identified further copper mineralization, with results showing 26.5m @ 0.28% Cu.
Critical Resources grows lithium resource at Mavis Lake
Critical Resources Ltd (ASX:CRR) reported continued growth at its Mavis Lake Lithium Project in Ontario, Canada, with new drilling intersecting high-grade spodumene mineralization. The company is also advancing its Halls Peak Gold and Antimony Projects in NSW, Australia.
Terra Metals pushes forward with Dante Project’s Phase 2 drilling
Terra Metals Ltd (ASX:TM1, OTC:PNGZF) is progressing its Dante Project with Phase 2 drilling continuing to demonstrate high-grade mineralization. The company is preparing for Phase 3 drilling and expects to release a maiden Mineral Resource Estimate for the Dante Reefs discovery soon.
Far East Gold starts drilling at Bermol prospect in Indonesia
Far East Gold Ltd (ASX:FEG) has commenced drilling at its Bermol prospect in Indonesia, intersecting a broad shear zone with visible sulphides. Geological mapping at East Bermol returned assays of up to 8.43g/t Au and 31.9g/t Ag from surface quartz veins.
Nexus Minerals discovers strong gold mineralization at Payns prospect
Nexus Minerals Ltd (ASX:NXM) has made new gold discoveries at the Payns prospect from its latest RC drilling campaign, including 8m @ 7.99g/t Au. The company continues to explore the regional opportunity at its Wallbrook Gold Project and is advancing discussions for toll treatment and operational partnerships.
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