The Day's Play | July 7 | Record silver grades, copper resource growth and tungsten expansion
The Day's Play by Market Open — Episode Recap
Host Richie B covers a packed day on the ASX with eleven major announcements, three capital raises and a trio of board changes across the resources and biotech sectors.
Andean Silver (ASL) returns to Trinidad at Cerro Bayo after more than a decade and hits extraordinary grades of 25,340 grams per tonne silver equivalent, supporting resource conversion at the Laguna Verde mine complex.
Pivotal Metals (PVT) upgrades the Horden Lake copper-nickel-gold resource by 42 percent to 52.4 million tonnes, with 87 percent of material sitting within a pit shell and a scoping study due in Q3 2026.
EQ Resources (EQR) acquires 353 square kilometres of additional tungsten tenure near Mt Carbine in Far North Queensland for 900,000 dollars cash plus 30 million shares, expanding the hub-and-spoke strategy.
Kalamazoo Resources (KZR) wraps up 72-hole resource definition drilling at Mt Olympus within the 1.44 million ounce Ashburton Gold Project, with the updated resource estimate targeted for Q4 2026.
Adavale Resources (ADD) extends gold mineralisation beneath the historic London-Victoria open pit at the Parkes Project in New South Wales, with an updated resource estimate expected by mid Q3 2026.
Black Canyon (BCA) extends the Wandanya manganese and iron footprint 400 metres south, with results including 10 metres at 35.8 percent manganese and 17 metres at 59 percent iron. Maiden resource estimate on track for Q3 2026.
Wildcat Resources (WC8) reports maiden metallurgical results at Bolt Cutter Central in the Pilbara averaging 82.5 percent spodumene recovery at 5.66 percent lithium oxide product grade.
GoldArc Resources (GA8) delivers its strongest grade control results to date at Mt Stirling Well, with 4 metres at 9.24 grams per tonne gold, as mine planning advances toward anticipated mining approval.
Island Pharmaceuticals (ILA) secures all approvals to deploy Galidesivir under compassionate use in Uganda during the Bundibugyo Ebola outbreak, supported by the WHO and Uganda Ministry of Health.
Verity Resources (VRL) defines a new 1.1 kilometre gold-in-soil anomaly at Gum Well within the Monument Gold Project in the Laverton Goldfields.
Capital raises covered include Hot Chili (HCH) securing 15 million US dollars in royalty funding, Brazilian Critical Minerals (BCM) raising approximately 10 million dollars, and Imugene (IMU) raising 11.12 million dollars.
Board changes at Nelson Resources (NES), Spenda (SPX) and Lefroy Exploration (LEX) are also discussed.