The Day's Play | July 9 | Gold intercept, rare earth resource upgrade and Matrix IPO
The Day's Play by Market Open, hosted by Richie B, covers the key ASX announcements for the session across resources, mining, capital raises and board changes.
In today's episode:
Xpedra Resources (XPD) drills the best intercept to date at Springfield Gold in NSW, returning 94 metres at 2.00 grams per tonne gold including 13 metres at 10.21 grams per tonne. Mineralisation now extends to 400 metres of defined strike and remains open.
Viridis Mining and Minerals (VMM) upgrades the Colossus ionic adsorption clay rare earths project in Brazil to a 31 million tonne Measured Resource, a key milestone for project debt financing ahead of a targeted Final Investment Decision in the second half of 2026.
Godolphin Resources (GRL) reveals Matrix Critical Minerals is progressing toward an ASX IPO, valuing the Narraburra rare earths project at 12.5 million dollars. Existing GRL shareholders are in line to receive 50 million Matrix shares via an in-specie distribution.
TG Metals (TG6) confirms its laterite gold footprint is substantially larger than the current resource, with 213 auger holes identifying widespread near-surface mineralisation. Heap leach study due in two to four weeks.
Lodestar Minerals (LSR) hits 16 metres at 3.23 grams per tonne gold at Gidgee Flat, confirming the shear zone and open mineralisation ahead of a maiden resource estimate.
Corazon Mining (CZN) completes the Chalice Gold acquisition from Westgold Resources, adding 191,000 ounces at 2.7 grams per tonne gold in a granted Mining Lease 22 kilometres from Westgold's processing plant. A 16.5 million dollar placement funds Phase 1 drilling.
Evergold Minerals (EG1) delivers further strong RC assays at Duchess of York in the Mount Monger Gold Project, 70 kilometres southeast of Kalgoorlie. Regional aircore drilling begins in approximately two weeks.
Heavy Rare Earths (HRE) maps the South Ridge Shear to 1.85 kilometres and secures all approvals for a maiden 36-hole drilling program at Prospect Hill. Mobilisation awaits road reopening.
Adavale Resources (ADD) consolidates the London-Victoria Gold Corridor at Parkes in NSW with two new exploration licences, returning 9.2 grams per tonne gold from surface sampling.
Stavely Minerals (SVY) confirms a low-sulphidation epithermal system at Freddy's Find in Victoria. Assays for the diamond hole are expected in approximately one month.
ADX Energy (ADX) lifts Austrian production 35 percent to 285 barrels of oil equivalent per day through a behind-pipe perforation program at its Vienna Basin Fields.
Capital raises from Cobre, ReNerve, Right Resources and Resouro Strategic Metals. Board and leadership changes at Northern Star Resources, American Tungsten and Antimony, and Excite Technology Services.