The Day's Play | July 6 | Copper strike grows, gold advances and Vietnam contracts secured
The Day's Play by Market Open, Episode Recap.
Richie B covers a busy session on the ASX with drilling results, resource studies, contract wins, capital raises, and a string of board changes across the market.
Midas Minerals (MM1) extends copper-silver mineralisation at the Spaatzu prospect in Namibia to at least 800 metres of strike, with a best intercept of 52 metres at 1.19 percent copper and 8.7 grams per tonne silver. Six rigs are turning and more results are pending.
Patronus Resources (PTN) confirms high-grade gold 200 metres below the historical Tally Ho pit in the Northern Territory, returning 2.61 metres at 6.38 grams per tonne gold from 454 metres depth. Three more drill holes are awaiting assay.
TG Metals (TG6) identifies a higher-grade heap leach start-up scenario at Van Uden, with 486,250 tonnes at 0.70 grams per tonne gold scheduled from the laterite resource at greater than 90 percent recovery. Full scoping study due in two to four weeks.
Fluence Corporation (FLC) secures two desalination contracts in Vietnam worth approximately 3.7 million US dollars, its fourth and fifth deals with partner SWater Kankyo Corporation in just over a year.
Dalaroo Metals (DAL) reports 65 percent of geological mapping complete at the Blue Lagoon rare earth project in southern Greenland, with eudialyte-bearing alkaline granites identified as prospective source rocks.
Diablo Resources (DBO) receives final drill permits for the North Star prospect in Utah, clearing the way for a maiden 1,000 metre diamond drilling program targeting silver, antimony, copper and gold.
Barton Gold Holdings (BGD) returns up to 13 metres at 5.01 grams per tonne gold from infill drilling at southern Area 223, Tunkillia, as the Phase 2 resource upgrade program continues.
Iltani Resources (ILT) intersects high-grade silver-indium mineralisation at Orient West in North Queensland, the country's largest known silver-indium deposit, with a best result of 1 metre at 192 grams per tonne silver and 925 grams per tonne indium.
Boresight (BST) launches the BQ-750 Block 2 target drone with first customer orders already delivered, adding to a platform family that includes the BQ-400 with over 5,000 units sold worldwide.
Pure Resources (PR1) publishes peer-reviewed research confirming directional heat routing capability in carbon nanotube fibre textiles, with a patent filing and licensing process advancing.
Corazon Mining (CZN) appoints Will Stewart as General Manager of Geology for its Western Australian gold portfolio.
Trading halts: CVB, BCM, TYX.
Capital raises: Sentinel Metals (SNM) raises 15 million dollars at 58 cents. Krakatoa Resources (KTA) raises 1.6 million dollars at 0.4 cents.
Board changes covered for AuMEGA Metals (AAM), Cynata Therapeutics (CYP), Amplia Therapeutics (ATX), Equus Energy (EQU), and Cue Energy Resources (CUE).