The Day's Play Edition 108: Spaatzu strike expands, Tally Ho delivers high-grade gold | MM1, PTN, TG6
THE COIN TOSS
MM1 - Midas Minerals confirmed a 300m west extension of copper-silver mineralisation at Spaatzu, expanding the mineralised strike to at least 800m.
PTN - Patronus Resources confirmed high-grade gold mineralisation approximately 200m below the Tally Ho pit, with 3 diamond drill assays pending.
TG6 - TG Metals identified a higher-grade heap leach start-up schedule at Van Uden, outlining 486,250t grading 0.7g/t Au in preliminary study work.
FLC - Fluence Corporation secured approximately US$3.7M of Vietnam desalination contracts covering the design and equipment supply of 2 seawater treatment plants.
DAL - Dalaroo Metals identified distinct granite units and interpreted eudialyte-bearing alkaline granites at Blue Lagoon, advancing definition of the project's rare earth source system.
DBO - Diablo Resources received final drill approval for the North Star Prospect, clearing the way for maiden diamond drilling.
BGD - Barton Gold reported further high-grade gold assays from Tunkillia, with broad intersections infilling the southern Area 223 optimised open pit.
ILT - Iltani Resources delivered further high-grade silver-indium drilling results from Orient West, with infill drilling targeting increased grade, tonnage and confidence in the current JORC Resource.
BST - Boresight launched the BQ-750 Block 2 target drone, completing initial customer deliveries and receiving additional orders following its commercial release.
PR1 - Pure Resources advanced its thermal management strategy through peer-reviewed CNTF validation, in-house fabric manufacturing and directional heat routing capability.
CZN - Corazon Mining appointed Will Stewart as General Manager – Geology to lead resource development and exploration strategy across its Western Australian gold portfolio.
Midas Minerals (ASX:MM1)
Drilling expands mineralised strike to at least 800m
THE PLAY
Copper-silver mineralisation extended 300m west of the original Spaatzu discovery hole.
Drilling defined copper, silver, lead and manganese mineralisation across at least 800m strike.
Best assay returned 52m at 1.19% Cu, 8.7g/t Ag and 1.93% Pb from 148m.
Additional drilling returned significant copper-silver intercepts across the Spaatzu prospect.
Re-assayed diamond hole confirmed broad manganese mineralisation with associated copper.
THE PITCH
Otavi Project covers 3,260km² in Namibia.
Spaatzu hosts copper, silver, lead, molybdenum and manganese mineralisation within a structurally complex system.
Copper-silver mineralisation is hosted along a WNW-trending fault intersecting favourable lithologies.
Mineralisation comprises structurally controlled copper-silver zones and broader stratabound copper-lead mineralisation.
IP targets have been identified across a 2km strike at Spaatzu.
THE NEXT OVERS
Diamond drilling has commenced to improve understanding of mineralisation controls.
RC drilling continues testing shallow IP targets identified across the 2km strike.
Further drill results remain pending from six rigs operating across Otavi.
Read full ASX Announcement here.
Patronus Resources (ASX:PTN)
High-grade gold supports depth extension potential at Tally Ho
THE PLAY
Best assay returned 2.61m @ 6.38g/t Au from 454m in TH26DD001.
High-grade gold mineralisation was confirmed approximately 200m below the historical Tally Ho pit.
Nine significant gold intervals were intersected across the 461.32m diamond hole.
Four diamond holes totalling 1,432.53m have been completed at the Tally Ho deposit.
Assays remain pending for the remaining 3 completed diamond drill holes.
THE PITCH
Tally Ho forms part of the Fountain Head area within the Pine Creek Project.
The Fountain Head area comprises the Fountain Head, Tally Ho and Glencoe deposits.
The Fountain Head area hosts a combined Mineral Resource of 234,000oz at 1.4g/t Au.
The drilling programme targeted a previously unrecognised mineralised zone in the footwall to the Tally Ho lodes.
The programme also tested an alternative north-east to south-east mineralisation trend.
THE NEXT OVERS
Receive assay results from TH26DD002, TH26DD003 and TH26DD004.
Complete structural and mineralogical interpretation after all assays are received.
Use the results to inform follow-up drilling at Tally Ho.
Read full ASX Announcement here.
TG Metals (ASX:TG6)
Higher-grade heap leach start-up identified at Van Uden
THE PLAY
Preliminary scheduling identified 486,250t grading 0.7g/t Au for an initial heap leach scenario.
The scheduled material contains 10,920oz of gold from the laterite resource.
The initial schedule exceeds the overall laterite resource grade of 0.57g/t Au.
Metallurgical testwork returned gold recoveries exceeding 90%.
The study remains preliminary and will inform further technical, permitting, cost and development studies.
THE PITCH
The study assesses a heap leach processing option for laterite mineralisation at Van Uden.
The laterite resource totals 1.053Mt at 0.57g/t Au for 17,700oz of gold.
The indicative schedule is based on a nominal 250,000tpa heap leach operation.
The study focuses on surficial laterite mineralisation overlying the Van Uden Gold Deposit.
The Van Uden Gold Mineral Resource totals 7.935Mt at 1.06g/t Au for 270,800oz.
THE NEXT OVERS
Release the heap leach scoping study in the next 2–4 weeks.
Receive auger laterite drilling results due in July.
Finalise heap leach study workstreams and release the study findings.
Read full ASX Announcement here.
Fluence Corporation (ASX:FLC)
Vietnam desalination contracts worth US~$3.7m secured
THE PLAY
Fluence secured 2 seawater desalination contracts in Vietnam valued at approximately US~$3.7m.
The contracts cover design and equipment supply for 2 seawater treatment plants.
The plants will use multi-media filtration and reverse osmosis technologies.
The facilities will produce up to 7,500m³ of potable water per day.
The contracts were secured with a Vietnamese infrastructure investor in partnership with SWater Kankyo Corporation.
THE PITCH
The plants will be installed at Phu Quoc Island in Vietnam.
The facilities will treat seawater sourced from an offshore intake.
The systems are designed to achieve greater than 45% feedwater recovery.
The contracts are Fluence's 4th and 5th with SWater in just over the last year.
Fluence provides drinking water and wastewater treatment solutions through its Smart Products Solutions portfolio.
THE NEXT OVERS
Install both desalination plants before the end of 2026.
Complete design and equipment supply under the contracts.
The plants are expected to be fully operational before the end of 2026.
Read full ASX Announcement here.
Dalaroo Metals (ASX:DAL)
Mapping identifies rare earth source rocks at Blue Lagoon
THE PLAY
Geological mapping identified distinct granite units, aplite sills, beryl-bearing pegmatites and interpreted eudialyte-bearing alkaline granites.
Approximately 65% of the geological mapping program has been completed.
Ground Penetrating Radar surveying has commenced to assess lagoon sediment architecture.
Approximately 40% of planned surface sampling and 50% of lagoon sediment sampling have been completed.
Exploration remains on schedule despite replacing mechanised auger drilling with hand auger drilling.
THE PITCH
Blue Lagoon is a 100%-owned rare earth project in southern Greenland.
The 2025 field season demonstrated a laterally extensive rare earth and critical mineral system.
Previous surface sampling returned anomalous rare earth mineralisation from all 113 samples.
Peak surface results included 0.81% TREO, 4.42% ZrO₂ and 99ppm Hf.
The 2026 program integrates geological mapping, structural interpretation, hard-rock sampling, hand auger drilling, lagoon sediment sampling, Ground Penetrating Radar surveying, mineralogical investigations and preliminary metallurgical studies.
THE NEXT OVERS
Complete Ground Penetrating Radar surveying.
Complete geological mapping and lagoon sediment sampling.
Receive laboratory assay results from hard-rock and heavy mineral concentrate sampling.
Read full ASX Announcement here.
Diablo Resources (ASX:DBO)
Final approval clears maiden drilling at North Star
THE PLAY
Final drill permit documentation has been received for the North Star Prospect.
Approval clears the way for mobilisation and drilling to commence in the coming weeks.
The maiden program comprises approximately 1,000m across 5 diamond drill holes.
Drilling will test Ag-Sb-Cu-Au targets beneath high-grade surface results and coincident geophysical anomalies.
Geochemical sampling has been completed at the South Star and East Star prospects.
THE PITCH
North Star has returned rock-chip results of up to 3,043g/t Ag and 0.7% Sb.
The North Star Prospect has not previously been drill tested.
Approved permits provide for up to 27 drill holes from 12 pads.
Drill targets were defined through surface geochemistry, detailed mapping and IP geophysics.
The Star Range Project is located in southwestern Utah, USA.
THE NEXT OVERS
Commence mobilisation and maiden diamond drilling at the North Star Prospect.
Receive assay results from geochemical sampling at the South Star and East Star prospects.
Continue geological mapping, target generation and drill prioritisation across the Horn Silver Project.
Read full ASX Announcement here.
Barton Gold Holdings (ASX:BGD)
High-grade assays infill southern Area 223
THE PLAY
Latest assays returned up to 13m @ 5.01g/t Au from 55m.
Broad high-grade intersections infilled the southern Area 223 optimised open pit.
The broadest intersections delivered some of the highest grades in this assay batch.
Phase 1 and Phase 2 drilling identified broader and higher-grade extensions of the Area 51 pit area.
The results are from the approximately 40,000m Phase 2 RC Resource upgrade drilling program.
THE PITCH
The current results are from the southern Area 223 optimised open pit.
Phase 2 drilling targets Resource upgrade across the S1, S2, S3, Area 223 North and Area 51 pit areas.
GR Engineering is leading the Tunkillia Pre-Feasibility Study.
The Pre-Feasibility Study is targeting completion in Q1 CY27.
The study is intended to accommodate expanded drilling and prospective Mineral Resource upside.
THE NEXT OVERS
Receive further assay results from southern Area 223.
Prepare representative cross sections after all assay results are received.
Complete the expanded Phase 2 Resource upgrade drilling program.
Read full ASX Announcement here.
Iltani Resources (ASX:ILT)
High-grade silver-indium drilling continues at Orient West
THE PLAY
Best result returned 1m @ 192g/t Ag, 925g/t In, 1.8% Pb and 13.9% Zn from 104m.
High-grade silver-indium-rich massive sulphide veins were intersected across Orient West infill drilling.
Broad mineralised intervals included 17m @ 37g/t Ag Eq. from 97m.
Assay results were received from RC drill holes ORR148 to ORR158 within the ongoing 110-hole program.
The infill program targets increased grade, tonnage and confidence in the current Orient JORC Resource.
THE PITCH
Orient is Australia's largest known silver-indium deposit in North Queensland.
The Orient Project hosts a JORC Mineral Resource of 34.2Mt @ 110.4g/t Ag Eq.
Orient West hosts a JORC Mineral Resource of 21.6Mt @ 100.5g/t Ag Eq.
The planned initial program comprises 110 RC drill holes.
A total of 65 RC holes for 12,297m have been completed at Orient West and East.
THE NEXT OVERS
Continue infill drilling at Orient West on 50m section spacing.
Continue infill drilling at Orient East.
Receive further assay results from submitted drill samples.
Read full ASX Announcement here.
Boresight (ASX:BST)
BQ-750 Block 2 launches with initial customer orders
THE PLAY
BQ-750 Block 2 has been released to market.
First customer orders have been successfully delivered, with additional orders received.
The platform offers more than 35 minutes flight time, more than 2.5km range and payload capability.
BQ-750 Block 2 integrates with Boresight's Ground Control System used by the BQ-400.
The platform is swarmable and supports payloads including dropper mechanisms, electronic warfare packages and shot detection units.
THE PITCH
BQ-750 Block 2 builds on the previously released BQ-750 Block 1.
The platform was developed in response to demand for a larger payload-carrying target drone.
BQ-750 Block 2 uses Boresight's Ground Control System architecture.
The BQ-400 has sold more than 5,000 units worldwide.
BQ-750 Block 2 uses proven 3D printing technology and in-house flight control hardware.
THE NEXT OVERS
Continue development of the fixed-wing BF-100.
Make the BF-100 available to customers in Q4 2026.
Fly the BQ-750 Block 2 in support of a major international C-UAS activity later this year.
Read full ASX Announcement here.
Pure Resources (ASX:PR1)
CNTF milestone advances thermal management strategy
THE PLAY
Peer-reviewed research confirmed CNTF textiles deliver high convective heat transfer.
The Rice University partnership successfully manufactured CNTF fabrics in house.
Single CNTF was confirmed as intrinsically anisotropic, enabling directional heat routing.
CNTF can be knitted and woven into 3D textile structures.
Processing methods remain confidential ahead of a prospective patent filing and licensing process.
THE PITCH
The programme is a collaboration with Rice University focused on CNTF thermal management.
Research was published in the peer-reviewed journal Small.
CNTF combines high thermal conductivity with textile processability.
Copper and aluminium conduct heat equally in all directions, unlike single CNTF.
The programme forms part of Pure Resources' broader Defence Materials Platform Strategy.
THE NEXT OVERS
Expand testwork to quantify and optimise convective heat transfer.
Characterise the in-plane to cross-plane behaviour of CNTF.
Advance a prospective patent filing and licensing process.
Read full ASX Announcement here.
Corazon Mining (ASX:CZN)
Geology appointment strengthens WA gold leadership
THE PLAY
Will Stewart was appointed General Manager – Geology, effective 6 July 2026.
Stewart will lead resource development and exploration strategy across Corazon Mining's WA gold portfolio.
His remit includes the Chalice Gold Project, Two Pools and Feather Cap.
The appointment follows shareholder approval of the Chalice Gold Project acquisition and Placement.
Corazon Mining is recruiting to expand its technical team across its WA gold portfolio.
THE PITCH
Stewart brings more than 20 years of geological and corporate leadership experience.
He most recently served as Geology Manager at WIN Metals.
His experience includes resource estimation, exploration results and technical leadership across ASX-listed mining companies.
The Chalice Gold Project has historical production of 645,000oz at 5.4g/t Au.
The project hosts a JORC Mineral Resource of 191,000oz and is open in all directions.
THE NEXT OVERS
Stewart will lead resource development at the Chalice Gold Project.
He will define and prioritise drill targets across the broader Chalice tenement area.
Corazon Mining will continue expanding its technical team across its WA gold portfolio.