The Day’s Play Edition 80: ASX gold resource growth, copper discoveries and lithium funding updates | Strickland lifts Rogozna to 9.24Moz AuEq, AZ9 extends sulphide strike

The Day’s Play Edition 80: ASX gold resource growth, copper discoveries and lithium funding updates | Strickland lifts Rogozna to 9.24Moz AuEq, AZ9 extends sulphide strike

May 26, 2026 Off By MarketOpen

THE COIN TOSS

STK – Strickland Metals lifted the Gradina Resource 50% to 1.8Moz Au, expanding the Rogozna Resource to 9.24Moz AuEq across Indicated and Inferred categories.

AZ9 – Asian Battery Metals extended Red Hill massive sulphide strike beyond 155m with copper mineralisation intersected in all 3 drill holes.

NXM – Nexus Minerals delivered Clement assays up to 26.53g/t Au with anomalous gold returned across all 10 first-tranche RC holes.

GT1 – Green Technology Metals resumed Seymour DFS execution as a $11.0M recapitalisation advanced and additional mineral recovery streams entered assessment.

PHO – PhosCo removed 3 flotation stages from Gasaat processing, simplifying phosphate recovery and reducing flowsheet complexity.

AMU – American Uranium confirmed Mine Unit 1 uranium continuity with 11 of 18 infill holes exceeding the 0.02% eU3O8 cutoff.

IPT – Impact Minerals confirmed high-grade gold and silver extensions beyond current footprints from final Commonwealth South JV drilling.

MRZ – Mont Royal Resources confirmed fluorspar mineralisation up to 39.8% CaF₂ at Mallard with mineralisation remaining open along strike and depth.

AT4 – American Tungsten & Antimony defined system-scale tungsten targets beyond historic Garnet workings ahead of a planned 29-hole drilling programme.

GNM – Great Northern Minerals expanded Iron Butte by approximately 950 acres through 46 new lode claims across prospective Nevada corridors.

TMX – Terrain Minerals expanded Lightning IP surveying across 3 historic gold targets with an additional 4km of dipole-dipole coverage.

Strickland Metals (ASX:STK)

Gradina Reprices Rogozna Growth Case

The Play

  • Gradina Resource increased 50% to 1.8Moz Au at 2.8g/t
  • Rogozna Resource rose to 9.24Moz AuEq across Indicated and Inferred
  • Gradina added 600,000oz Au against December 2025 estimate
  • Updated MRE covers 20Mt at 2.8g/t Au
  • Deposit remains open across strike and depth

The Pitch

  • Gradina forms part of the 100%-owned Rogozna Project in Serbia
  • Updated MRE uses long-hole open stoping underground constraints
  • Deposit core averages 4,700 Au ounces per vertical metre
  • Underground access includes potential adit from eastern ridge flank
  • Strickland held approximately $81M cash and liquids at 31 March 2026

The Next Overs

  • Further drilling remains planned across northern, southern and depth extensions
  • Pre-Feasibility Study workstreams have commenced at Rogozna
  • Environmental rehabilitation, monitoring and baseline studies continue on site

Read full ASX Announcement here.

Asian Battery Metals (ASX:AZ9)

Red Hill Strike Extension Sharpens VMS Signal

The Play

  • Massive sulphide strike extended beyond 155 metres after western growth
  • MU2603 confirmed 21.9 metres of massive sulphide with chalcopyrite and chalcocite
  • MU2603 validated the downhole EM conductor plate above MU2502
  • MU2604 intersected massive to semi massive sulphide within 15 metres mineralisation
  • MU2602, MU2603 and MU2604 each intercepted copper mineralisation

The Pitch

  • Red Hill Cu Au Project is a VMS system in Mongolia
  • The project hosts geophysical and geochemical anomalies in favourable volcanic stratigraphy
  • Mineralisation includes massive sulphide and quartz sulphide stockwork
  • Historical drillholes support geological comparison in current exploration
  • ABM holds 100% of the Red Hill copper gold project

The Next Overs

  • RC drilling targets shallow gold mineralisation in MU2501
  • Gravity survey interpretation continues across Red Hill
  • Assays will integrate with geophysical and geological data

Read full ASX Announcement here.

Nexus Minerals (ASX:NXM)

High Grade Clement Results Shift Wallbrook Focus

The Play

  • High-grade Clement assays returned up to 26.53g/t Au from first 10 RC holes
  • All 10 Clement holes returned anomalous gold intercepts in first tranche
  • Stacked multi-lode geometry confirmed across the first 10 drill holes
  • Broad Clement intercepts included 19m at 2.51g/t Au from 76m
  • Results form first tranche of the ~22,000m RC drilling program

The Pitch

  • Wallbrook Gold Project sits approximately 140km northeast of Kalgoorlie
  • Clement Prospect sits adjacent to the Crusader Templar Deposit
  • Crusader Templar holds the current 304koz Au Wallbrook Mineral Resource
  • Nexus holds 192km2 within a major regional structural corridor
  • Gold mineralisation links to quartz, pyrite and haematitic alteration

The Next Overs

  • RC drilling continues across Clement and Payns prospects
  • Drilling moves to Branches and Crusader Templar prospects
  • Assay results continue to be reported as drilling progresses

Read full ASX Announcement here.

The Day's Play Sponsor - MPH Lawyers

Green Technology Metals (ASX:GT1)

Seymour DFS Advances With New Mineral Streams

The Play

  • Seymour DFS work resumed as $11.0M recapitalisation progresses.
  • Additional tantalum processing entered studies alongside secondary recovery assessment.
  • Potential rubidium concentrate pathways entered evaluation with processing groups engaged.
  • Tranche 1 placement completed, delivering $1.6M before costs.
  • Study teams expanded across engineering, metallurgy and delivery functions.

The Pitch

  • GT1 owns 100% Ontario lithium projects spanning multiple assets.
  • Seymour Project hosts 10.3Mt resource grading 1.07% Li₂O overall.
  • Combined mineral resource totals 30.4Mt grading 1.17% Li₂O globally.
  • Recapitalisation combines placements with fully underwritten entitlement offer funding.
  • Ontario assets sit near roads, rail and hydro infrastructure.

The Next Overs

  • Underwritten entitlement offer closes on 27 May.
  • Shareholder vote around 18 June targets tranche 2 approval.
  • Seymour DFS completion continues with consultants engaged across work packages.

Read full ASX Announcement here.

PhosCo Ltd (ASX:PHO)

Single-Stage Processing Simplifies Gasaat Flowsheet

The Play

  • Metallurgical tests produced phosphate concentrate grading up to 31.4% P₂O₅.
  • Single-stage flotation removed 3 silica flotation stages from processing.
  • Simplified flowsheet reduced process complexity and capital, operating cost inputs.
  • Saline bore water required minimal or zero cleaning during testing.
  • Concentrate grade increased alongside flotation reagent dosage levels.

The Pitch

  • Gasaat is a wholly owned phosphate project in Northern Tunisia.
  • KM flotation tests achieved 75.1% to 83.7% P₂O₅ recoveries.
  • Proposed flowsheet includes crushing, grinding, flotation, dewatering and drying.
  • Metallurgical program is co-funded through an EBRD grant.
  • Gasaat metallurgical and recovery testing has continued since 2012.

The Next Overs

  • Bench-scale flotation tests will optimise reagent dosage levels.
  • PFS testwork planning includes Locked Cycle and variability testing.
  • Additional Gasaat ores will undergo flotation variability assessment.

Read full ASX Announcement here.

American Uranium (ASX:AMU)

Lo Herma Continuity Tightens Resource Upgrade Case

The Play

  • Mine Unit 1 drilling confirmed strong uranium continuity across early infill holes
  • 11 of 18 holes intersected mineralisation above 0.02% eU3O8 cutoff
  • 8 holes exceeded target grade thickness above 0.2 GT
  • LH-26-026 returned 5.8m at 0.056% eU3O8 with 1.06 GT
  • Program drilled ~3,243m across 18 holes, one-third complete

The Pitch

  • Lo Herma is an ISR uranium project in Wyoming’s Powder River Basin
  • Current drilling targets Mine Unit 1 confidence and Mine Unit 2 expansion
  • Planned program includes 55 mud rotary drill holes
  • Mine Unit 1 contains Inferred and Indicated uranium resources
  • Roll-front uranium mineralisation shows stacked horizons across drilled zones

The Next Overs

  • ~22 additional infill drill holes planned at Mine Unit 1
  • ~15 step-out drill holes planned south of Mine Unit 2
  • Updated MRE and Scoping Study targeted for Q3 2026

Read full ASX Announcement here.

The Day's Play Sponsor - Topdrill

Impact Minerals (ASX:IPT)

Final JV Drilling Expands High Grade System

The Play

  • Commonwealth South assays returned 7.1m at 8.4g/t Au and 42g/t Ag
  • Final drill holes confirmed polymetallic mineralisation beyond current footprint
  • Silica Hill returned up to 2% Ag and 27g/t Au
  • Phase 1 drilling confirmed continuity across Commonwealth South and Silica Hill
  • CMKNI005 returned 16m at 0.6g/t Au from 89m

The Pitch

  • Commonwealth Gold-Silver Project sits in New South Wales under Kuniko JV
  • Kuniko can earn up to 70% under staged earn-in terms
  • Commonwealth and Silica Hill are genetically related deposits 200m apart
  • Existing JORC Inferred Resources total 88,800oz gold and 3.3Moz silver
  • Regional work outlined a roughly 4km conductive corridor beyond current resources

The Next Overs

  • Follow-up drilling starts in July
  • Phase 2 targets extensions and higher-grade zones at depth
  • Regional targeting review will define new drill targets

Read full ASX Announcement here.

Mont Royal Resources (ASX:MRZ)

Mallard Delivers High Grade Fluorspar System

The Play

  • Mallard drilling returned up to 39.8% CaF2 in high-grade fluorspar zones
  • Flux Fluorite Zone confirmed as separate fluorite-bearing system at Mallard
  • EC24-209 returned 24.8m at 35.8% CaF2 from 221.7m
  • EC10-040 returned 29.0m at 21.7% CaF2 from 275.0m
  • Mineralisation remains open across 80m strike and 150m vertical extent

The Pitch

  • Mallard Prospect sits 1.4km south-east of the Ashram Deposit
  • Flux Fluorite Zone sits within the Eldor Carbonatite Complex
  • Historical drilling primarily targeted niobium at Mallard
  • Fluorspar occurs in dolomite carbonatite with associated niobium mineralisation
  • Ashram hosts one of the largest fluorspar deposits globally

The Next Overs

  • Follow-up drilling is expected at the Flux Fluorite Zone
  • Drilling targets expansion and further delineation at Mallard
  • Further work remains focused on high-grade fluorspar zones

Read full ASX Announcement here.

The Day's Play Sponsor - Lockton

American Tungsten & Antimony (ASX:AT4)

System Scale Tungsten Targets Lift Drill Precision

The Play

  • System scale tungsten anomaly defined beyond historic Garnet Mine at Tennessee Mountain
  • High grade surface tungsten confirmed with 4,713 ppm W over 1.0m
  • Peak rock chip molybdenum returned 20,693 ppm Mo at Garnet Mine
  • Mineralisation remains open along strike and depth across skarn system
  • Maiden 29 hole, ~3,000m drill program targets skarn extensions

The Pitch

  • Tennessee Mountain Tungsten Project sits in Elko County, Nevada
  • Garnet Mine follows Coffeepot granodiorite and limestone skarn contact
  • Soil sampling covered approximately 2.2km east west and 5.8km north south
  • Thirty nine soil samples returned greater than 10 ppm W
  • Project sits within AT4’s broader U.S. tungsten portfolio

The Next Overs

  • Pre drill geological field program will complete infill soil sampling
  • Plan of Operations will be prepared and submitted to USFS
  • Further updates expected on permitting progress and program planning

Read full ASX Announcement here.

Great Northern Minerals (ASX:GNM)

Land Expansion Resets Iron Butte Scale

The Play

  • 46 new lode claims expanded Iron Butte by approximately 950 acres
  • New claims widened Iron Butte across a prospective mineralised corridor
  • Historical soil sampling returned up to 179ppb Au and 3.8ppm Ag
  • Caetano Rim and Valmy showed geology comparable to known zones
  • Field staking applications completed across 2 new claim areas

The Pitch

  • Iron Butte sits in Nevada’s Battle Mountain district
  • New claims include 35 at Caetano Rim and 11 at Valmy
  • 559 soil samples were collected across both target areas
  • Mineral claims remain under Hightest Resources LLC option structure
  • Geophysical review is well advanced across the expanded footprint

The Next Overs

  • Initial surface sampling follows geophysical review completion
  • Permitting and contractor engagement continue ahead of maiden drilling
  • Maiden Inferred JORC Mineral Resource remains expected imminently

Read full ASX Announcement here.

Terrain Minerals (ASX:TMX)

Lightning Method Pushes Into New Gold Targets

The Play

  • Lightning IP method expanded across 3 historic gold targets
  • Program added 4 lines for 4km of dipole-dipole coverage
  • Same dipole-dipole configuration now tests Paradise City, Hurley and T17
  • Enhanced subsurface resolution expected across all 3 target areas
  • Historic Hurley and Paradise City targets now sit within expanded IP coverage

The Pitch

  • Smokebush Gold and Silver Project is 100% owned, 350km north of Perth
  • Survey area sits inside granted Mining Lease M59/796 at Smokebush
  • Lightning mineralisation occurs within a north-south shear corridor and granite-proximal setting
  • IP surveying maps chargeability and resistivity linked to disseminated sulphide mineralisation
  • Terrain has completed more than 16,000m of drilling at Lightning

The Next Overs

  • IP field acquisition targets June 2026 completion
  • IP target reporting due with Lightning and Monza MRE in July 2026
  • Terrain will assess IP results for follow-up drilling timing and scope

Read full ASX Announcement here.

 

 

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