The Day’s Play Edition 79: ASX copper discoveries, resource growth and funding updates | White Cliff, Great Divide and Auric lead commercial shifts

The Day’s Play Edition 79: ASX copper discoveries, resource growth and funding updates | White Cliff, Great Divide and Auric lead commercial shifts

May 25, 2026 Off By MarketOpen

THE COIN TOSS

WCN – White Cliff confirmed a district scale copper system at Danvers as first assays returned mineralisation across 1.5km of strike.

GDM – Great Divide secured a binding 12 month offtake covering 100% of Challenger concentrate production through June 2027.

AWJ – Auric Mining increased the Munda Mineral Resource 32% to 192,000 oz despite depletion from recent mining operations.

PXR – Pacific Resources secured a $400,000 acquisition for the Snowstorm Project with historical drilling returning up to 59.2g/t Au.

BC8 – Black Cat committed $11M to a 35,000m Coyote drilling programme, more than tripling drilling scale since acquisition.

RMX – Red Mountain delivered 51.8% antimony concentrate with 85% recovery, exceeding typical commercial concentrate grades.

GBR – Great Boulder extended high grade gold beyond the Side Well Resource with continuity confirmed between Mulga Bill and Eaglehawk.

BCA – Black Canyon extended shallow manganese mineralisation 300m north as widths expanded toward approximately 800m at Wandanya.

CY5 – Cygnus delivered final Golden Eye assays supporting resource conversion with results up to 39.5g/t AuEq over 3m.

EVG – Evion independently confirmed fluorspar assays up to 88.15% CaF₂ across multiple historical production zones at Carp.

OM1 – Omnia identified a priority REE niobium target at Radix with historical grades reported up to 0.3% Nb.

 

White Cliff Minerals (ASX:WCN)

District Scale Copper System Now Confirmed

The Play

  • First assays confirmed 1.5km of copper mineralisation at Danvers

  • Visible copper sulphides extended across 2.6km of drilled strike
  • Copper sulphides appeared in every hole into the main structure
  • DAN26004 returned 15.24m at 1.51% Cu among multiple intervals
  • DAN26002 defined broad copper zones open at depth

The Pitch

  • Danvers sits within the Teshierpi Fault Zone running over 10km

  • Total assayed and mineralised footprint extends beyond 5.4km
  • 2026 drilling tested regional extensions southwest of Danvers 1
  • 2025 HeliTEM identified higher conductivity targets along the fault zone
  • Drill spacing averaged 348m, reaching up to 583m between holes

The Next Overs

  • Diamond drilling is scheduled to commence shortly

  • Samples continue to be dispatched to ALS Laboratories
  • Current drilling remains on target for end of July completion

Read full ASX Announcement here.

Great Divide Mining (ASX:GDM)

Challenger Locks In Full Gold Offtake

The Play

  • Binding offtake covers 100% of Challenger concentrate output.

  • Agreement runs through to 30 June 2027.
  • Challenger production targets 26 to 52 wet tonnes weekly.
  • Offtake establishes international concentrate export channels.
  • Payments linked to LBMA benchmark gold prices.

The Pitch

  • Challenger recently achieved first gold concentrate production.

  • Commercial shipments commenced during operational ramp up.
  • Concentrate exports move through Melbourne and Malaysia.
  • GDM holds 17 tenements across 5 projects.
  • MRI has 20+ years in commodity trading.

The Next Overs

  • Challenger optimisation activities remain underway.

  • Historic mine waste processing continues at surface.
  • Challenger ramp up activities continue.

Read full ASX Announcement here.

Auric Mining (ASX:AWJ)

Munda Adds 32% To Gold Inventory

The Play

  • Resource increased 32% to 192,000 oz after depletion for recent mining.

  • Gold output beat budget by 46%, with 8,886 oz versus 6,100 oz.
  • In situ resource stands at 4.20 Mt at 1.43 g/t Au.
  • Grade control drilling returned 14m at 115.67 g/t Au in MGCR1022.
  • Starter Pit production delivered 8,886 oz from recent Munda mining.

The Pitch

  • Munda is hosted mainly in basalts with smaller ultramafic mineralisation zones.

  • Gold mineralisation is linked to fault intersections and layered basalt ultramafic contacts.
  • Resource drilling defines mineralisation across around 940 m of east west strike.
  • Current resource pit shell extends 980 m strike and 200 m depth.
  • Project inventory combines in situ resources with low grade and high grade stockpiles.

The Next Overs

  • Drill planning is underway for infill and resource extension work.

  • Scoping Study is assessing Munda and Burbanks Processing Plant development.
  • Remaining stockpiled material is allocated for future processing.

Read full ASX Announcement here.

The Day's Play Sponsor - OffshoreX

Pacific Resources (ASX:PXR)

PXR Locks In High Grade Gold Acquisition

The Play

  • Binding agreement executed to acquire 100% of Snowstorm Project.

  • Acquisition consideration totals $400,000 across staged payments.
  • Historical drilling returned grades up to 59.2g/t Au.
  • Historical surface sampling returned grades up to 123g/t Au.
  • Acquisition expands PXR’s Eastern Victorian Goldfields footprint.

The Pitch

  • Snowstorm hosts 3,621m of historical drilling completed by previous owners.

  • Previous programmes included 3,197m diamond and 424m RAB drilling.
  • Project adjoins PXR’s Eastern Victorian Goldfields option assets.
  • Approved work plan exists for a 3,000t bulk sample programme.
  • Snowstorm sits within a historic Victorian gold producing district.

The Next Overs

  • PXR will reassess the approved 3,000t bulk sample programme.

  • Bulk sampling targets metallurgical testing and geological understanding.
  • Successful reassessment may progress toward a Mining Licence.

Read full ASX Announcement here.

Black Cat Syndicate (ASX:BC8)

Coyote Drilling Scale Resets Growth Focus

The Play

  • $11M drilling investment lifts Coyote to 35,000m in 2026.

  • 35,000m drilling triples prior program scale since acquisition.
  • Coyote Central drilling targets Resource depth to 850m.
  • Coyote Central infill targets Resource confidence and classification.
  • Regional drilling tests geophysical and geochemical targets within 30km.

The Pitch

  • Coyote covers 1,160km² of tenure in the Tanami region.

  • Coyote Resource totals 3.6Mt at 5.5g/t for 645koz Au.
  • Coyote Central underground Resource contains 757kt at 14.6g/t for 356koz.
  • Sandpiper sits 30km north of the Coyote Central processing facility.
  • The 2026 program includes RC and diamond drilling.

The Next Overs

  • Coyote Central infill drilling runs from June to Aug 2026.

  • Sandpiper metallurgical drilling runs from July to Aug 2026.
  • Regional exploration drilling runs from July to Sept 2026.

Read full ASX Announcement here.

Red Mountain Mining (ASX:RMX)

High Grade Antimony Recovery Resets Oaky Creek Signal

The Play

  • Metallurgy produced 51.8% Sb concentrate with 85% recovery.

  • Concentrate grade cleared the 30% to 40% commercial range.
  • Bulk sample returned 19.9% Sb head grade and 0.25ppm Au.
  • Flotation delivered 51.8% Sb concentrate at 29.7% mass pull.
  • Sample returned arsenic below detection at <0.01% As.

The Pitch

  • Oaky Creek sits within Red Mountain’s 100% owned Armidale Antimony Gold Project.

  • The project lies in the Southern New England Orogen in NSW.
  • Oaky Creek contains quartz carbonate stibnite veins and breccias.
  • Mineralisation is hosted in folded and faulted Carboniferous metasedimentary rocks.
  • Oaky Creek is described as a 3km orogenic antimony system.

The Next Overs

  • 5 priority targets will be tested in the upcoming drilling program.

  • The upcoming drilling program will test depth extent at Oaky Creek.
  • Pioneer Tungsten Project due diligence remains on schedule.

Read full ASX Announcement here.

The Day's Play Sponsor - Relait

Great Boulder Resources (ASX:GBR)

Side Well Extends High Grade Gold System

The Play

  • High grade gold extended beyond Side Well Resource limits.

  • High grade drilling defined mineralisation between Mulga Bill and Mulga Bill East.
  • Gold continuity was confirmed between Mulga Bill and Eaglehawk.
  • Best RC assay hit 21m at 7.24g/t Au from 99m.
  • Deep diamond drilling hit 0.45m at 165g/t Au from 454.5m.

The Pitch

  • Side Well is located near Meekatharra in Western Australia.

  • Side Well holds a December 2025 Mineral Resource of 1.021Moz Au.
  • Mulga Bill and Eaglehawk form sub parallel high grade zones.
  • Mulga Bill and Eaglehawk sit across an approximately 100m gap.
  • The 6km Central Corridor includes Flagpole.

The Next Overs

  • RC drilling continues at Eaglehawk.

  • AC drilling continues across Eastern Corridor reconnaissance fences.
  • Peak Hill drilling planning follows acquisition completion and final approvals.

Read full ASX Announcement here.

Black Canyon (ASX:BCA)

Wandanya Expands High Grade Footprint

The Play

  • Manganese mineralisation extended 300m north beyond previous drilling.
  • Cross strike widths increased from ~500m toward ~800m.
  • Best manganese result returned 7m at 34.8% Mn from surface.
  • Multiple intervals exceeded 40% Mn within shallow mineralised zones.
  • Mineralisation remains open north across the 3km target footprint.

The Pitch

  • Wandanya is a 100% owned manganese and iron discovery.

  • Current drilling targets a central 3km resource definition footprint.
  • Planned programme totals 15,000m across approximately 600 RC holes.
  • Reported assays derive from 156 holes totalling 3,611m drilled.
  • Resource drilling operates on a 50m by 50m grid pattern.

The Next Overs

  • Resource drilling continues with assays expected over 2 months.

  • Northern and southern extension drilling follows central programme completion.
  • Maiden Mineral Resource Estimate planned for Q3 2026.

Read full ASX Announcement here.

Cygnus Metals (ASX:CY5)

Golden Eye Assays Advance Resource Upgrade

The Play

  • Final Golden Eye assays support Inferred to Indicated upgrade strategy.

  • Best result returned 39.5g/t AuEq over 3m.
  • Drilling completed 15 holes for 5,632m at Golden Eye.
  • Results will feed into updated Golden Eye Mineral Resource.
  • Gwillim drilling commenced targeting an initial gold resource.

The Pitch

  • Golden Eye Resource totals 273koz AuEq across Indicated and Inferred categories.

  • Current Resource stands at 1.7Mt across Golden Eye deposits.
  • Golden Eye sits within the Chibougamau Copper Gold Project in Quebec.
  • Two rigs operate across conversion and exploration programs.
  • Chibougamau includes existing processing and regional infrastructure.

The Next Overs

  • Updated Golden Eye Resource is in preparation.

  • Gwillim assays expected toward quarter end.
  • Copper Rand and Joe Mann drilling targets remain planned.

Read full ASX Announcement here.

The Day's Play Sponsor -Pareto Capital

Evion Group (ASX:EVG)

Independent Verification Resets Carp Fluorspar Signal

The Play

  • Independent verification confirmed fluorspar assays up to 88.15% CaF₂.

  • 14 samples returned grades from 49.83% to 88.15% CaF₂.
  • 3 further samples graded from 22.81% to 32.67% CaF₂.
  • Peak 88.15% CaF₂ came from West Pit manto mineralisation.
  • High grade mineralisation was confirmed across South, West, North and Central Pits.

The Pitch

  • Carp Project sits in Lincoln County, Nevada.

  • Fluorspar occurs in mantos, veins, replacement bodies and fault hosted zones.
  • Evion controls 59 unpatented lode claims across the project area.
  • The land package covers approximately 493 hectares of surrounding prospective ground.
  • Historic Carp mine exploited fluorite bodies from 4 open pits.

The Next Overs

  • Surface sampling and assaying is planned across the expanded 59 claim area.

  • Geological mapping and structural interpretation is planned to refine drill targeting.
  • Drill planning targets depth extensions and new manto style zones.

Read full ASX Announcement here.

Omnia Metals (ASX:OM1)

Priority REE Target Identified At Radix

The Play

  • Beaver Creek emerged as the priority in claim validation target.

  • Historical records reported niobium grades up to 0.3% Nb.
  • Phase 1 work refined a district scale REE Nb model.
  • Beaver Creek showed supporting REE pathfinder associations.
  • Historical datasets remain unverified pending Phase 2 work.

The Pitch

  • Radix covers 80 claims across approximately 1,652 acres.

  • Project is held 100% through Earth Elements LLC.
  • Radix targets REE, niobium and gallium mineralisation.
  • Study relied on historical USGS MRDS and NURE datasets.
  • Omnia completed no drilling, sampling or assaying activities.

The Next Overs

  • Phase 2 field validation work is planned.

  • Structural mapping and selective rock sampling will commence.
  • Model refinement follows field observations and assay results.

Read full ASX Announcement here.

 

 

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