The Day's Play Edition 101: Uranium discovery, copper growth and strategic expansion | PDN, 29M, MTL
THE COIN TOSS
PDN - Paladin Energy identified the new Atlas high-grade uranium discovery with 7 of 8 drillholes intersecting significant uranium mineralisation.
29M - 29Metals extended high-grade Oizon copper-zinc mineralisation with Resource Extension drilling returning 2.2m at 5.1% Cu and 29.8m at 16.9% Zn.
MTL - Mantle Minerals secured a binding agreement to acquire Far West Metals, expanding the Carlton Hill Project with an adjoining exploration licence.
XPD - Xpedra Resources extended shallow Springfield gold mineralisation with drilling returning 44m at 2.03g/t Au and confirming continuity across the main corridor.
M2R - Miramar Resources identified 2 undrilled gravity anomalies beneath Joy Helen high-grade Cu-Pb-Ag mineralisation, defining new bedrock drill targets.
KAL - Kalgoorlie Gold Mining acquired 15 Central Yandal Belt tenements immediately along strike from the historic Gourdis and Vause gold mines.
IG6 - International Graphite secured Heads of Terms with Wogen covering Asia-Pacific graphite product sales and feedstock supply for its Collie operations.
ALA - Arovella Therapeutics secured ethics approval for its first-in-human Phase 1 ALA-101 trial as site initiation commenced ahead of patient dosing.
AUQ - Alara Resources completed its 50th copper concentrate shipment from Oman, lifting cumulative shipped copper to 10,988t.
AUG - Augustus Minerals confirmed 1m assays validating previously reported Clifton East gold intersections, including 11m at 2.41g/t Au and 34m at 0.83g/t Au.
PV1 - Provaris Energy completed FEED engineering for its proprietary LCO₂ tank, advancing the design into DNV's GASA approval process.
Paladin Energy (ASX:PDN)
Atlas High-Grade Uranium Discovery Confirmed
The Play
Atlas drilling identified a new high-grade basement-hosted uranium discovery.
Seven of 8 exploration drillholes intersected significant uranium mineralisation.
Key drilling returned composite mineralised intervals of 17.5m, 21.5m and 30.0m.
The Atlas discovery is located 3.5km south of the Triple R deposit.
The Atlas discovery remains open along strike and at depth.
The Pitch
Atlas is located within the broader Saloon Trend at the PLS Project.
A total of 2,408m was completed across 8 exploration drillholes.
Mineralisation is hosted within steeply southeast-dipping stacked shear zones.
Atlas is currently defined over approximately 60m of strike.
Mineralisation occurs between approximately 120m and 260m vertical depth.
The Next Overs
Continue drilling at the Atlas discovery during the summer program.
Continue resource conversion and extension drilling at the Triple R deposit.
Receive uranium assay results from the Saloon East drillholes.
Read full ASX Announcement here.
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29Metals (ASX:29M)
High-Grade Oizon Resource Extension Continues
The Play
Resource Extension drilling continued extending existing Oizon mineralisation.
Drilling returned 2.2m at 5.1% Cu, 17.7g/t Au and 126g/t Ag.
Resource Extension drilling intersected 29.8m at 16.9% Zn from 456.5m.
Drilling continued indicating extensions to existing Oizon Mineral Resource estimates.
Twenty Oizon Resource Extension and Resource Conversion drill holes returned results.
The Pitch
Oizon is a high-grade copper Ore Reserve within the Golden Grove operation.
The 2026 program comprises Resource Extension and Resource Conversion drilling.
The 2025 drill program converged Oizon and Hougoumont Extended as a single large mineralised system at depth.
The reported drilling results are excluded from the 31 December 2025 Mineral Resource and Ore Reserve estimates.
Amity remains a Resource Extension and Resource Conversion drilling target.
The Next Overs
Continue Oizon development toward first ore by the end of 2026.
Continue exploration drilling across Golden Grove growth and resource conversion targets.
Commence surface drilling at Capricorn Copper during the September quarter of 2026.
Read full ASX Announcement here.
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Mantle Minerals (ASX:MTL)
Far West Acquisition Expands Carlton Hill Project
The Play
Mantle entered a binding agreement to acquire 100% of Far West Metals.
The acquisition adds exploration licence E80/6134 adjoining the Carlton Hill Project.
Exploration Licence E80/6170 has been granted for the Carlton Hill Project.
The licence grant enables commencement of on-ground exploration activities.
The acquisition expands Mantle's contiguous Carlton Hill landholding.
The Pitch
Far West Metals holds 100% of exploration licence E80/6134.
The Carlton Hill Project is located in the northern Bonaparte Basin.
The project lies within the same regional geological setting as the Sorby Hills Pb-Zn-Ag deposit.
The acquisition consideration comprises $300 for Far West shares and $100,000 for the assigned loan.
The transaction provides Mantle with 100% ownership of Far West Metals.
The Next Overs
Commence reconnaissance mapping across the Carlton Hill Project.
Undertake geological sampling and target generation programs.
Assess the project's prospectivity for carbonate-hosted lead-zinc-silver mineralisation.
Read full ASX Announcement here.
Xpedra Resources (ASX:XPD)
Wide Shallow Gold Extends Springfield Mineralisation
The Play
New drilling returned 44m @ 2.03g/t Au from 1m and 24m @ 2.97g/t Au from surface.
Results confirmed continuity of shallow gold mineralisation within the main corridor.
Gold mineralisation has now been intersected over approximately 180m of strike.
Mineralisation extends to around 70m vertical depth and remains open in multiple directions.
Recent drilling expanded the known extent of the Springfield gold system.
The Pitch
Springfield is a 100%-owned gold project in central New South Wales.
The maiden RC drilling program comprises 27 drill holes.
The program was designed to test and extend mineralisation within a 1,700m-long intrusion.
Springfield is located within the Lachlan Fold Belt.
The reported drilling results are exploration results and not Mineral Resources.
The Next Overs
Receive assay results from the remaining 8 drill holes.
Commence the follow-up RC drilling program targeting deeper mineralisation.
Continue testing depth extensions beneath the shallow gold system.
Read full ASX Announcement here.
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Miramar Resources (ASX:M2R)
Gravity Survey Defines New Joy Helen Drill Targets
The Play
Detailed gravity survey identified 2 undrilled gravity anomalies beneath Joy Helen mineralisation.
Both gravity anomalies remain untested by drilling.
Gravity data suggests 2 mineralised pods offset by step-down faulting.
Nearby grab samples returned up to 14.7% Cu, 42% Pb and 73.5ppm Ag across both anomalies.
Soil reinterpretation identified NW-trending mineralisation and carbonate alteration halos.
The Pitch
Joy Helen is located within Miramar's 100%-owned Chain Pool Project.
Joy Helen hosts high-grade Cu-Pb-Ag mineralisation across at least 300m.
The gravity survey was completed on a 50m by 50m grid.
The prospect is interpreted as a SEDEX base metal exploration target.
The project is located in Western Australia's Gascoyne region.
The Next Overs
Receive auger drilling assay results expected by mid-July.
Finalise plans for further geophysical exploration.
Commence the first dedicated bedrock drilling campaign.
Read full ASX Announcement here.
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Kalgoorlie Gold Mining (ASX:KAL)
Central Yandal Acquisition Expands Gold Portfolio
The Play
Acquired 15 near-contiguous Central Yandal Belt tenements covering approximately 23.7km².
The tenure lies immediately along strike from the historic Gourdis and Vause gold mines.
Ten tenements are granted with 5 applications pending routine grant.
Historic exploration identified minimal systematic drilling across the acquired tenure.
The acquisition complements the flagship Pinjin Gold Project without changing company focus.
The Pitch
The Central Yandal Gold Project covers approximately 15km of prospective strike.
The project is prospective for primary orogenic and lateritic gold mineralisation.
All granted tenements are held 100% by Kalgoorlie Gold and are free of encumbrances.
The project is located within Western Australia's Yandal Greenstone Belt.
Four acquired tenements have no recorded historic drilling.
The Next Overs
Complete detailed assessment and modelling across the project area.
Acquire high-resolution aeromagnetic and radiometric datasets.
Commence exploration field programs once tenure is fully granted.
Read full ASX Announcement here.
International Graphite (ASX:IG6)
Wogen Heads Of Terms Covers Sales And Feedstock
The Play
Wogen agreed to purchase a minimum 3,000t/y of micronised graphite from commercial production.
Wogen committed to source up to 10,000t/y of graphite concentrate feedstock.
The agreement provides product sales and marketing support for the Collie Micronising Facility.
The agreement includes access to Wogen's supply chain finance solutions.
The non-binding Heads of Terms establishes sales and feedstock arrangements before commercial production.
The Pitch
The agreement comprises a two-part Heads of Terms structure.
Sales and supply each have initial 3-year terms from commercial production.
Sales pricing will be determined on a spot or otherwise agreed basis.
Wogen Pacific is a subsidiary of Wogen Limited.
Wogen has operated in specialist metals and minerals markets for more than 50 years.
The Next Overs
Begin immediate pre-production marketing activities.
Finalise binding agreements before commercial scale production.
Commence product sales and feedstock supply from commercial production.
Read full ASX Announcement here.
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Arovella Therapeutics (ASX:ALA)
Ethics Approval Clears First Human ALA-101 Trial
The Play
Ethics approval granted for the Phase 1 first-in-human ALA-101 clinical trial.
Approval completes required regulatory and ethics submissions for study initiation.
Site initiation activities have commenced across participating clinical centres.
The Alfred will lead the trial with Dr Salvatore Fiorenza as Lead Investigator.
Ethics approval covers participating sites through Alfred and Bellberry Human Research Ethics Committees.
The Pitch
ALA-101 is an allogeneic CD19-directed CAR-iNKT cell therapy.
The trial targets patients with relapsed or refractory lymphomas and leukaemias.
The Phase 1 study is an open-label dose-escalation and expansion/backfill trial.
The study is expected to involve up to 7 clinical sites across Australia and New Zealand.
The US FDA accepted the IND and the TGA acknowledged the CTN.
The Next Overs
Obtain Research Governance Office approvals for participating clinical sites.
Complete site initiation activities across participating centres.
Commence first patient dosing in September following site RGO approvals.
Read full ASX Announcement here.
Alara Resources (ASX:AUQ)
50th Copper Shipment Marks Operational Milestone
The Play
Completed the 50th copper concentrate shipment from the Al Wash-hi Majaza mine.
The shipment comprised 456WMT containing approximately 83t of copper and 64oz of gold.
Cumulative shipments reached 62,684WMT of concentrate containing 10,988t of copper.
The 50th shipment departed Sohar Port on 21 June 2026.
The shipment included concentrate held over from an earlier shipping cycle.
The Pitch
Alara holds a 51% interest in Al Hadeetha Resources LLC.
Al Wash-hi Majaza is a copper-gold mining and processing operation in Oman.
The mine is operated by Al Hadeetha Resources LLC.
The concentrator has operated above nameplate capacity during May and June YTD.
The company continues exploration across multiple projects in Oman.
The Next Overs
Continue copper concentrate production and shipments from Al Wash-hi Majaza.
Continue operating the concentrator following the SAG mill reline.
Continue exploration across Alara's Oman project portfolio.
Read full ASX Announcement here.
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Augustus Minerals (ASX:AUG)
Wide Gold Intersections Strengthened By 1m Assays
The Play
11m at 2.41g/t gold from 32m confirmed in MWRC0006.
34m at 0.83g/t gold from 38m confirmed in MWRC0010.
11m at 0.92g/t gold from 69m confirmed in MWRC0007.
1m assays returned similar results to previously reported 4m composites.
A 7.90g/t gold assay was returned from 37-38m in MWRC0006.
The Pitch
Clifton East sits within the Music Well Gold Project.
Music Well comprises 1,242km² of exploration licences and applications.
The project is located 35km north of Leonora in Western Australia.
Drilling has now tested over 400m of a 1.2km soil anomaly.
Augustus holds 100% ownership of the Music Well Project.
The Next Overs
Receive assays from the recently completed 11-hole, 1,650m RC program.
Commence diamond drilling to refine mineralisation dip and structural understanding.
Undertake soil sampling at Black Cat East and Teutonic East.
Read full ASX Announcement here.
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Provaris Energy (ASX:PV1)
LCO₂ Tank FEED Advances Into DNV Approval
The Play
FEED engineering package for the proprietary YP-Provaris LCO₂ tank was completed.
The completed engineering package was submitted to DNV for GASA review.
The milestone advances the design toward Approval in Principle and GASA.
The tank was engineered as a Type C equivalent maritime containment system.
Final-stage FEED testing is underway to support DNV's continuing GASA review.
The Pitch
The YP-Provaris LCO₂ tank has a design capacity of 25,000cbm.
The tank uses a proprietary sandwich structural design.
The design targets IGC Code-equivalent safety and performance.
The tank is intended for large-scale maritime CO₂ transport and storage.
Yinson selected the tank for CCS supply chain development across FSIUs, LCO₂ carriers and terminal storage.
The Next Overs
Complete DNV's design review targeted for August 2026.
Complete material and welding procedure testing during August 2026.
Continue GASA approval activities supporting future vessel applications.