The Day's Play | Aug 12 | Guyana expansion, a new graphite resource and high-grade gold
THE COIN TOSS
LIB - Liberty Metals secures a four-year option over 90% of 40 granted mining permits across ~180km² in Guyana's Oko district.
IVG - InVert Graphite established a 32.2Mt maiden Kumba graphite resource at 8.0% TGC, containing 2.56Mt of graphite, with 97% within 75m of surface.
LSA - Lachlan Star confirmed shallow high-grade gold at New Waverley, including 16m at 5.3g/t Au with 4m at 20g/t Au.
PTN - Patronus Resources confirmed shallow gold at Davies No.2, including 10m at 2.05g/t Au, supported by validated historical drilling.
SNX - Sierra Nevada Gold discovered a polymetallic breccia 400m south of the Central Copper Zone, returning 11m at 1.15g/t Au and 108.7g/t Ag.
NYM - Narryer Metals identified shallow scandium mineralisation across approximately 1.7km at Pingrup, including 9m at 430 ppm Sc2O3.
GG1 - Green & Gold Minerals returned high-grade polymetallic mineralisation from maiden Copper Hills drilling, including 5m at 1.05% Cu and 205g/t In.
M79 - Mammoth Minerals extended shallow gold mineralisation 700m along the Buster trend, including 22.9m at 1.37g/t Au and 3.0m at 4.15g/t Au.
ITM - iTech Minerals extended Falchion gold-antimony mineralisation along strike and down-dip, including 9m at 2.51g/t Au and 6m at 3.31g/t Au.
MRD - Mount Ridley Mines achieved up to 83.1% HREE recovery, with scandium recovery reaching 80.0% and gallium recovery averaging 56%.
POL - Polymetals Resources returned broad, high-grade Upper Main Lode sulphide mineralisation, including 39.0m at 502g/t Ag, 6.9% Zn and 5.4% Pb.
ATH - Alterity Therapeutics secured new U.S. patent protection for ATH434 through at least 2045, covering its crystalline mesylate form and treatment methods.
Liberty Metals (ASX:LIB)
Liberty secures 90% option over Oko gold package
The Play
Liberty secured a four-year option to acquire a 90% interest in the Oko Projects.
The package comprises 40 granted mining permits covering approximately 180km² across 2 consolidated blocks.
Oko North directly abuts G2 Goldfields ground near the New Oko Discovery.
Oko South covers the interpreted southern continuation of the mineralised Oko district trend.
The Company will immediately begin data compilation, mapping and maiden geochemical sampling.
The Pitch
The Oko Projects are located within the Cuyuni Mining District of Guyana's Guiana Shield.
The tenure covers approximately 44,288 acres across the Oko North and Oko South blocks.
The Project is underlain by greenstone-belt rocks of the Cuyuni belt within the Barama-Mazaruni Group.
The Project has no Mineral Resource or Ore Reserve estimated on Liberty's tenure.
Liberty secured firm commitments for a $5 million placement at $0.0025 per share.
The Next Overs
Geological mapping and structural interpretation will commence across the interpreted Oko trend.
A maiden systematic geochemical sampling program is planned to commence in Q3 2026.
Liberty will define maiden drill targets and plan a maiden drilling campaign.
Read full ASX Announcement here.
InVert Graphite (ASX:IVG)
Kumba establishes 32.2Mt maiden graphite resource
The Play
Maiden Kumba resource totals 32.2Mt at 8.0% TGC, containing 2.56Mt of graphite from surface.
97% of the resource lies within 75m of surface, while deposit remains open down dip.
The resource is entirely classified Inferred under the JORC Code 2012 framework.
MRE uses 20 RC and 4 diamond holes, with trench samples excluded from grade estimation.
The MRE was completed less than 12 months after the maiden drilling program commenced.
The Pitch
Morogoro is a 100%-owned graphite project in Tanzania covering approximately 386km² of exploration ground.
Kumba lies on the southwestern side of the Uluguru Mountains within the Usagaran Belt.
The deposit comprises east-dipping granitic and graphitic gneisses and schists, with stratigraphy dipping northeast.
Initial Kumba testwork returned 95.5% graphite recovery and concentrate grades above 98%.
The MRE is reported at a 4% TGC cut-off and contains 2.56Mt of graphite.
The Next Overs
Drilling is planned to recommence in September as part of the next work program.
Resource category upgrade is a stated focus of the planned drilling program.
Metallurgical study samples will also be collected during the planned drilling program.
Read full ASX Announcement here.
Lachlan Star (ASX:LSA)
New Waverley drilling confirms shallow high-grade gold discovery
The Play
Follow-up drilling confirmed multiple shallow, broad, high-grade gold intercepts within Waverley Pit.
Best result returned 16m at 5.3g/t Au, including 4m at 20g/t Au.
Additional results included 8m at 5.37g/t Au and 12m at 3.11g/t Au.
High-grade mineralisation shows consistent north-westerly plunge within the interpreted shallow shear corridor.
Quartz veining and sulphide mineralisation were observed across the full 400m known strike.
The Pitch
New Waverley covers approximately 40km² in Western Australia's Eastern Goldfields.
The project includes 2 granted Mining Leases containing historical Waverley and Trial Pit workings.
Gold mineralisation is interpreted as a Norseman-style system within a mineralised shear corridor.
Recent drilling identified multiple discrete, higher-grade quartz vein shoots within the broader mineralised corridor.
Historical shallow workings confirm the presence of a quartz reef-hosted gold system.
The Next Overs
Remaining RC assays are expected progressively over the next 4 to 6 weeks.
Selective 1m re-splits are being submitted for PhotonAssay analysis.
Planning is underway for the next drilling phase targeting known extensions and new priority targets.
Read full ASX Announcement here.
Patronus Resources (ASX:PTN)
Shallow gold confirmed in first modern drilling
The Play
Shallow gold confirmed at Davies No.2 through 6 RC holes totalling 472m.
New drilling included 10m at 2.05 g/t Au among multiple significant intercepts.
Validated historical drilling confirmed broad shallow gold, including 36m at 1.51 g/t Au.
Davies No.2 remains open along strike and at depth after drilling to less than 100m.
Golden Dyke contains at least 4 known prospects within a 4.3km x 1.8km gold anomaly.
The Pitch
Golden Dyke mineralisation is associated with dolerite sills and Koolpin Formation metasediments.
Pine Creek Project comprises more than 1,500 square kilometres of tenure in the Pine Creek Orogen.
Patronus Resources has a 0.3Moz gold MRE at its Fountain Head Project.
Patronus Resources holds a 1Moz gold Mineral Resource at its Cardinia Gold Project.
Patronus Resources had $65M in cash and liquid investments at 30 June 2026.
The Next Overs
Follow-up drilling is planned at Davies No.2, subject to regulatory approvals.
Further drilling is planned across the broader Golden Dyke area, subject to regulatory approvals.
GD26RC006 is planned for re-entry during the next drilling round.
Read full ASX Announcement here.
Sierra Nevada Gold Inc (ASX:SNX)
High-grade polymetallic breccia discovered 400m south
The Play
New breccia discovery returned 11m at 1.15g/t Au and 108.7g/t Ag.
The interval also graded 0.21% Cu, 4.64% Zn and 1.88% Pb.
A second hole returned 13m at 1.14g/t Au from surface.
The second interval also graded 8.5g/t Ag, 0.60% Cu, 1.92% Zn and 0.73% Pb.
Mineralisation was intersected from near surface to approximately 50m below surface and remains open along strike and at depth.
The Pitch
As Safra is a 100%-owned copper-gold project in Saudi Arabia.
The project sits within the Arabian Shield and has a 5.5km mineralised corridor.
The corridor contains Cu-Au skarn and replacement mineralisation, Au-dominant skarn zones and the newly discovered polymetallic breccia.
The newly discovered breccia is associated with Au-Ag-Cu-Pb-Zn-rich mineralisation beneath shallow cover.
Exploration targeting integrates geological, geochemical, magnetic, gravity and induced polarisation datasets.
The Next Overs
Results from 21 remaining Phase 1 drill holes are expected over the next 2 to 4 weeks.
Follow-up drilling will test the new breccia within the expanded Phase 2 program.
Phase 2 is currently planned to comprise more than 25,000m of combined RC and diamond drilling.
Read full ASX Announcement here.
Narryer Metals (ASX:NYM)
Pingrup uncovers new shallow scandium mineralisation
The Play
Historic drilling identified scandium mineralisation across ~1.7km of strike at Pingrup.
31 significant intersections exceeded 100 ppm Sc2O3 at shallow depths of 12m–42m.
Standout results included 9m at 430 ppm Sc2O3 from 15m.
The standout intersection included 3m at 765 ppm Sc2O3 from 18m.
Scandium mineralisation predominantly occurs within saprolitic mafic and ultramafic-derived clays.
The Pitch
Pingrup is a 78km² granted tenement located 8km north of Pingrup.
Narryer holds the project through its 100%-owned subsidiary, Narryer Minerals.
The project overlies high-grade metamorphic rocks of the Corrigin Tectonic Zone.
Pingrup also hosts clay-hosted rare earth mineralisation, including 18m at 1,767 ppm TREO.
Pingrup is approximately 180km northeast of Narryer's Rocky Gully Sc-REE-Ga Project.
The Next Overs
Narryer plans to complete desktop evaluation and detailed magnetic surveying at Pingrup.
Aircore drilling will target higher-grade zones and potential mineralisation extensions.
Planned drilling will provide material for metallurgical bulk sampling and processing assessment.
Read full ASX Announcement here.
Green & Gold Minerals (ASX:GG1)
Copper Hills drilling exceeds historic grades and widths
The Play
Maiden Copper Hills drilling returned high-grade copper, silver, tin, indium and zinc mineralisation.
CHC003 returned 5m at 131 g/t Ag, 1.05% Cu, 205 g/t In and 0.37% Sn.
CHC001 returned 6m at 67 g/t Ag, 0.46% Cu, 11 g/t In and 4.1% Zn.
Copper Hills Main Lode continuity extends to at least 90m below surface.
High-grade vein at Copper Hills remains open in all directions and requires more drilling.
The Pitch
Herberton Conductor Metals Project is located 100km west of Cairns, Queensland.
The project lies within a Cu-Ag-Sn-In metal zone and was unexplored in the modern era.
Copper Hills drilling was the first at the prospect in 45 years.
Chillagoe Gold Project contains an inferred JORC Resource of 32,400oz Au and 387,000oz Ag.
Chillagoe Gold Project is adjacent to the Red Dome and Mungana gold deposits.
The Next Overs
Mt Gossan has 2 completed RC holes, with assays expected in approximately 4–6 weeks.
Approximately 3,000m of drilling at Mt Wandoo is planned from early September 2026.
Further Copper Hills drilling and initial Siberia lode testing are planned for December quarter 2026.
Read full ASX Announcement here.
Mammoth Minerals (ASX:M79)
Shallow gold extends 700m along Buster trend
The Play
Shallow gold mineralisation extended 700m east of the historical Buster underground mine.
Best intercept returned 22.9m at 1.37g/t Au, including 3.0m at 4.15g/t Au.
Second key intercept returned 12.2m at 1.57g/t Au, including 4.6m at 3.31g/t Au.
Another intercept returned 10.7m at 1.09g/t Au, including 3.0m at 2.2g/t Au.
New mineralisation remains open along strike and down-dip across the newly tested area.
The Pitch
Excelsior Springs Project has a current 135km² landholding in Nevada, United States of America.
Mammoth has an exclusive right to acquire up to 80% of the Excelsior Springs Project.
Mammoth must spend US$5 million within 5 years of completion to earn its 80% interest.
Athena Gold Corporation retains a 20% free carried interest until completion of a Definitive Feasibility Study.
Buster mineralisation occurs in an east-west zone 200m to 400m wide and at least 3km long.
The Next Overs
Five Blue Dick RC holes totalling 1,100m are complete, with samples submitted for analysis.
Blue Dick precious metal results are expected within 3 weeks, with multi-element results following.
24 further RC holes are planned across mineralised trends exceeding 6.5km cumulative strike.
Read full ASX Announcement here.
iTech Minerals (ASX:ITM)
Falchion drilling extends shallow high-grade gold-antimony mineralisation
The Play
Nine RC holes confirmed multiple zones of gold-antimony mineralisation at Falchion.
Standout results included 9m at 2.51g/t Au and 6m at 3.31g/t Au.
A further result returned 7m at 2.48g/t Au from 80m.
New drilling extended mineralisation along strike and down-dip from 2025 drilling.
A new zone 180m northwest returned 8m at 0.95% Sb from 46m.
The Pitch
Reynolds Range comprises 4 granted Exploration Licences covering 791km² in the Northern Territory.
The project is located 90–230km NNW of Alice Springs, with access from the Stuart Highway.
Reynolds Range forms part of the >42km Stafford Gold Trend.
Falchion mineralisation is structurally controlled and hosted within a metasedimentary sequence.
Gold and antimony show a strong spatial association across the Falchion mineralised zones.
The Next Overs
Follow-up drilling is underway at Sabre, targeting deeper and northeast strike extensions.
The drill rig will return to Falchion to test mineralisation extensions.
Detailed soil sampling and drone magnetic surveying will define additional drill targets.
Read full ASX Announcement here.
Mount Ridley Mines (ASX:MRD)
Selectro™ achieves up to 83.1% HREE recovery
The Play
Selectro™ achieved HREE recoveries of up to 83.1% from unbeneficiated Grass Patch material.
Scandium recovery reached 80.0%, compared with 27.6% under the HCl baseline test.
Gallium recovery averaged 56%, while comparative HCl testing recovered 0% gallium.
LREE recoveries reached 70% to 77%, compared with 28% to 36% under HCl.
All results were achieved before beneficiation, reagent and process optimisation.
The Pitch
The Grass Patch Project is approximately 25km north of Esperance, Western Australia.
Grass Patch hosts defined HREE, scandium and gallium resources from 70,000m of historical drilling.
Selectro™ is Mount Ridley's proprietary process designed to recover multiple critical minerals through a single leach.
Testwork used approximately 90g aliquots from a 16.8kg composite of 5 historical diamond drill holes.
Grass Patch hosts a 367.98Mt JORC 2012 Inferred scandium resource at 57.3ppm Sc.
The Next Overs
Selectro™ will next be tested on a bulk Grass Patch sample.
The bulk program will evaluate beneficiated feed, with flotation applied before leaching.
The Company will validate Selectro™ on 3rd party feed to assess broader applicability.
Read full ASX Announcement here.
Polymetals Resources (ASX:POL)
Upper Main Lode drilling strengthens high-grade continuity
The Play
Latest drilling returned broad, high-grade silver-lead-zinc sulphide mineralisation within the upper Main Lode.
POL025 returned 39.0m at 502g/t Ag, 6.9% Zn, 5.4% Pb and 0.87g/t Au.
POL022A returned 42.8m at 358g/t Ag, 8.3% Zn, 4.7% Pb and 1.25g/t Au.
Additional results continue defining consistent high-grade mineralisation across the upper Main Lode.
Upper drilling defined metal zonation through the oxidised and supergene portions.
The Pitch
Endeavor Mine is located in Cobar, NSW, with drilling targeting the upper Main Lode.
The upper Main Lode contains remnant sulphide mineralisation adjacent to existing underground development.
Weathered, oxidised and supergene mineralisation occurs above the principal sulphide zone.
Endeavor's underground Mineral Resource totals 16.3Mt at 8.0% Zn, 4.5% Pb and 84g/t Ag.
The upper Main Lode surrounds the historic 1996 subsidence zone and previously mined areas.
The Next Overs
Underground drilling and geological interpretation of the upper Main Lode are continuing.
Further work will define remnant mineralisation around the subsidence zone and previous mining areas.
An initial Mineral Resource estimate for the upper Main Lode is targeted later in 2026.
Read full ASX Announcement here.
Alterity Therapeutics (ASX:ATH)
ATH434 patent protection extends to at least 2045
The Play
New U.S. patent extends ATH434 protection to at least 2045.
Patent covers ATH434's crystalline mesylate form and treatment methods.
Covered form was used in Phase 2 MSA trials and planned Phase 3 study.
New patent enables future ATH434 development for Parkinson's disease and other neurodegenerative diseases.
Existing IP and regulatory designations provide additional market protection for ATH434.
The Pitch
ATH434 is Alterity's lead oral agent targeting iron accumulation and protein aggregation.
ATH434 has FDA Fast Track and FDA and EC Orphan Drug designations for MSA.
Positive Phase 2 MSA data included efficacy, biomarker target engagement and favourable safety.
A second Phase 2 trial reported positive biomarker data in advanced MSA.
Alterity develops therapies for MSA and related Parkinsonian disorders.
The Next Overs
Phase 3 trial activities in MSA are planned by year-end 2026.
The planned Phase 3 study will use the patented crystalline mesylate form.
Patent is expected in the FDA Orange Book upon regulatory approval.