The Day's Play Edition 118: Bonanza silver, resource growth and US expansion | NES, GBM, OLY
THE COIN TOSS
NES - Nelson Resources confirmed bonanza silver and high-grade gold from underground channel sampling at the Orleans Mine, returning up to 3,840g/t Ag over 3m and 77.3g/t Au over 3m.
GBM - GBM Resources extended gold mineralisation beyond the 1.0Moz Twin Hills Mineral Resource while confirming stronger grades and high-grade continuity within the existing resource.
OLY - Olympio Metals completed the acquisition of the Raven Silver and Sawtooth Antimony projects following due diligence.
HTM - High-Tech Metals completed Phase 1 drilling at Mt Fisher, confirming mineralisation beyond the current Mineral Resource and supporting an updated Mineral Resource Estimate.
HRE - Heavy Rare Earths identified 10 high-grade HREO domains across approximately 12.9km within and beyond the current JORC Mineral Resource.
RTR - Rumble Resources validated a reinterpreted target at the Amaryllis Shear Zone with 13m @ 21.64g/t Au from 122m, including 1m @ 221.00g/t Au.
HYD - Hydrix Ltd secured an A$3.4M engineering development contract with Remedy Robotics for safety-critical software and embedded electronics supporting the N1 robotic platform.
HMG - Hamelin Gold confirmed shallow high-grade gold mineralisation from maiden Day Dawn drilling, led by 3m @ 93.4g/t Au from 9m.
SKY - Sky Metals reported further high-grade tin-tungsten-silver intercepts outside the updated Tallebung Mineral Resource Estimate through post-MRE drilling.
MEX - Minerals Exploration advanced Jubilee South drilling as historical drilling and underground channel sampling defined priority drill targets at the Sovereign Gold Prospect.
GR8 - Great Dirt Resources confirmed rock chip assays up to 55.1% manganese and identified high-grade manganese oxide along a mapped 70m trend.
Nelson Resources (ASX:NES)
Bonanza Silver Confirms High-Grade Underground Mineralisation
THE PLAY
Bonanza silver returned 3,840g/t Ag over 3m from underground channel sampling.
High-grade gold returned 77.3g/t Au over 3m with accompanying silver.
30 continuous channel samples defined grade distribution along the exposed Orleans vein.
High-grade mineralisation is associated with brecciated quartz and subsidiary fault structures.
Combined with previous vertical sampling, results provided a three-dimensional view of grade distribution and structural controls.
THE PITCH
Nelson can earn up to a 90% interest in the Gold Point Project, Nevada.
The project includes more than 5km of underground workings across 5 historical mines.
The project contains high-grade gold-silver veins, intrusion-hosted mineralisation, skarn mineralisation and porphyry potential.
Exploration combines underground mapping, sampling, LiDAR, geophysics and drill targeting.
The Orleans vein is an exposed hematite-quartz breccia vein hosting gold and silver mineralisation.
THE NEXT OVERS
Up to 15 underground diamond holes will test Orleans vein extensions beyond existing workings.
400-foot level channel sampling assay results are expected within approximately 2–4 weeks.
Assays from the maiden underground aircore drilling program are expected shortly.
Read full ASX Announcement here.
GBM Resources (ASX:GBM)
Twin Hills Drilling Extends Mineralisation Beyond Resource
THE PLAY
Stage 2 drilling extended gold mineralisation beyond the 1.0Moz Twin Hills Mineral Resource.
Drilling confirmed stronger grades and improved high-grade continuity within the existing resource.
TNDH030 returned 35m @ 2.29g/t Au from 242m, including 3m @ 21.89g/t Au outside the current Mineral Resource.
TNDH028 returned 45m @ 2.21g/t Au from 346m, including 5m @ 8.96g/t Au within the current Mineral Resource.
Approximately 23,000m of the planned 50,000m Stage 2 drilling program has been completed.
THE PITCH
Twin Hills hosts a Mineral Resource of 23.1Mt @ 1.3g/t Au for 1.0Moz Au.
The Mineral Resource comprises the Lone Sister and 309 deposits.
The Twin Hills Project is located within the Drummond Basin, Queensland.
Four drill rigs are operating at the Twin Hills Project.
Stage 2 drilling has improved understanding of structural and stratigraphic controls on mineralisation.
THE NEXT OVERS
Approximately 12,000m of completed drilling remains pending assay results.
Regional RC drilling will commence on high-priority Twin Hills targets.
An updated Twin Hills Mineral Resource Estimate is planned for Q4 2026.
Read full ASX Announcement here.
Olympio Metals (ASX:OLY)
Acquisition Adds US Silver and Antimony Projects
THE PLAY
Completed the acquisition of the Raven Silver and Sawtooth Antimony projects.
Completed due diligence under the acquisition option agreement.
The acquisition adds the Raven Silver Project in Montana and Sawtooth Antimony Project in Idaho.
The upfront consideration was reduced after 2 Sawtooth prospects were removed from the acquisition.
Olympio will issue 12,500,000 fully paid ordinary shares as acquisition consideration.
THE PITCH
The Raven Project comprises 27 mineral claims within Montana's Thompson River mining district.
The project hosts the historic Raven and Silver King mines.
No recorded modern exploration or drilling has occurred at the Raven Project.
The Sawtooth Project comprises 3 silver-antimony prospects across 80 mineral claims in Idaho.
Historic mining produced silver, copper, lead and zinc ores at the Raven Project.
THE NEXT OVERS
Ground reconnaissance mapping and sampling will focus on the Raven and Silver King mines.
Scout Discoveries Corp will conduct the field program with Olympio.
The company will update the market on progress of field work at the Raven Project.
Read full ASX Announcement here.
High-Tech Metals (ASX:HTM)
Mt Fisher Drilling Advances Resource Update
THE PLAY
Phase 1 RC drilling confirmed mineralisation beyond the current Mt Fisher Mineral Resource.
Drilling confirmed continuity beneath the historical pit and into the northern extension.
Final assays completed the 41-hole, 6,038m Phase 1 RC drilling program.
Drilling refined the geological model supporting updated pit optimisation and Mineral Resource Estimate.
Results included 12m @ 2.30g/t Au from 171m, including 5m @ 4.95g/t Au.
THE PITCH
Mt Fisher hosts a JORC (2012) Mineral Resource of 464,000t @ 2.32g/t Au for 35koz Au.
The Resource extends approximately 600m of strike within Mining Lease M53/127.
The Resource sits within a mineralised structural corridor extending at least 7km.
The Phase 1 drilling program was designed to improve resource confidence and refine the geological interpretation.
The Phase 1 program evaluated extensions beneath and adjacent to the historical Mt Fisher pit.
THE NEXT OVERS
An updated Mt Fisher Mineral Resource Estimate is expected in August 2026.
Phase 2 RC drilling is scheduled to commence in mid-August.
Phase 2 drilling will target down-plunge extensions beneath the historical pit, northern extensions and interpreted higher-grade shoots.
Read full ASX Announcement here.
Heavy Rare Earths (ASX:HRE)
Strategic Review Identifies High-Grade HREO Domains
THE PLAY
Strategic review identified 10 high-grade HREO domains across ~12.9km of mineralised strike.
The domains were identified within the JORC 159Mt @ 870ppm TREO resource.
The Seawolf Prospect returned 8m @ 3057ppm TREO with 1344ppm HREO from 27m.
Review of 547 aircore holes identified 190 significant intercepts above 1000ppm TREO.
The review identified 150 significant intercepts above 300ppm HREO averaging a 38% HREO ratio.
THE PITCH
Subron is the renamed Cowalinya rare earths project in Western Australia.
The project hosts a JORC Mineral Resource of 159Mt @ 870ppm TREO.
The strategic review assessed HREO distribution across 547 aircore drill holes.
Regional structural corridors constrain the interpreted HREO domains.
Subron is located 110km north-northeast of Esperance.
THE NEXT OVERS
The company will re-domain the current JORC Mineral Resource.
Additional findings, assessments and recommendations are expected in the coming weeks.
Further work will include metallurgical testwork and a maiden high-grade, high-HREO-ratio mineral resource estimation.
Read full ASX Announcement here.
Rumble Resources (ASX:RTR)
Reinterpreted Target Delivers High-Grade Gold Intercept
THE PLAY
Reinterpretation identified undertested areas along the Amaryllis Shear Zone.
RC hole MGRC26011 returned 13m @ 21.64g/t gold from 122m.
The intercept included 5m @ 55.56g/t gold and 1m @ 221.00g/t gold.
The hole also intersected 7m @ 0.52% copper from 128m.
Additional RC holes returned significant gold and copper intersections.
THE PITCH
Munarra Gully is a gold-copper project 50km north-northeast of Cue.
Rumble owns 100% of E51/1919 and E51/1927, and 80% of E51/1677.
RC drilling covered 2km of the 2.6km mineralised strike identified to date.
All RC drilling in this program was completed on 100% owned tenement E51/1919.
The Amaryllis Prospect contains 2600m of mineralised strike open in all directions.
THE NEXT OVERS
Planning is underway for a targeted drilling campaign focused on MGRC26011.
A diamond twin hole is planned to determine the orientation of high-grade veining.
Follow-up RC drilling will step out to define the extent of the high-grade mineralisation.
Read full ASX Announcement here.
Hydrix Ltd (ASX:HYD)
A$3.4M Engineering Contract Secured
THE PLAY
Hydrix secured a A$3.4M engineering development contract with Remedy Robotics.
The contract supports the next-generation N1 robotic platform for endovascular intervention.
Work covers safety-critical software, embedded electronics and verification-ready hardware.
The contract is expected to generate approximately A$3.4M in revenue on a time-and-materials basis.
Revenue will be recognised progressively during FY2027.
THE PITCH
Hydrix provides engineering services for regulated medical technologies.
The contract expands Hydrix's existing multi-year relationship with Remedy Robotics.
The N1 System is an AI-enabled robotic platform for endovascular intervention.
The platform is designed for complex endovascular procedures.
Hydrix's international expansion strategy focuses on advanced robotics, AI-enabled systems and Class II and III medical devices.
THE NEXT OVERS
Revenue will be recognised progressively throughout FY2027.
Engineering work will support platform maturity ready for future clinical studies.
Engineering support will accelerate platform maturity ready for future clinical studies.
Read full ASX Announcement here.
Hamelin Gold (ASX:HMG)
Maiden Drilling Confirms High-Grade Shallow Gold
THE PLAY
Maiden RC drilling confirmed shallow high-grade gold mineralisation at the Aurora Lode.
PDR0001 returned 3m @ 93.4g/t Au from 9m, including 2m @ 128.9g/t Au.
Multiple Aurora holes returned high-grade gold, including 4m @ 21.0g/t Au and 3m @ 18.3g/t Au.
Initial drilling intersected gold mineralisation at the Altus Lode.
Assays have been received for the first 15 holes of the 28-hole Phase 1 program.
THE PITCH
The Day Dawn Gold Project covers approximately 20km² in Western Australia's Paterson Province.
The project includes the Aurora, Altus, Sparrows and Phoenix prospects.
Aurora is a northeast-trending lode interpreted from historical drilling.
The maiden RC program targeted the shallow upper part of the Aurora Lode.
Multiple parallel lode targets have been identified at Day Dawn.
THE NEXT OVERS
Results from the remaining 13 Phase 1 drill holes are expected in early August 2026.
Phase 2 RC drilling is scheduled to recommence at Day Dawn in August 2026.
EIS co-funded diamond drilling is scheduled to commence in September 2026.
Read full ASX Announcement here.
Sky Metals (ASX:SKY)
Post-MRE Drilling Confirms High-Grade Mineralisation
THE PLAY
Post-MRE drilling returned further high-grade tin-tungsten-silver intercepts at Tallebung.
TBRC471 returned 29m @ 0.31% tin and 0.04% tungsten from 27m.
TBRC472 returned 26m @ 0.27% tin, 0.07% tungsten and 23.3g/t silver from 27m.
All reported intercepts were received after the updated Mineral Resource Estimate cut-off.
The results will be assessed for inclusion in future Mineral Resource updates.
THE PITCH
Tallebung is Sky Metals' 100%-owned tin-tungsten-silver project in central western New South Wales.
The project is advancing through a staged resource definition and development program.
Previously reported post-MRE drilling also returned shallow tin-tungsten-silver mineralisation outside the updated Mineral Resource Estimate.
The Tallebung deposit remains open beyond the updated Mineral Resource Estimate.
The project is supported by an updated Mineral Resource Estimate completed before these drilling results were received.
THE NEXT OVERS
Completion of the Pre-Feasibility Study is expected later this month.
Further drilling is scheduled to commence in the coming weeks.
The reported drilling results will be assessed for inclusion in future Mineral Resource updates.
Read full ASX Announcement here.
Minerals Exploration (ASX:MEX)
Historical High-Grade Gold Results Define Priority Drill Targets
THE PLAY
Jubilee South diamond drilling continues with 2 holes completed.
TGW011 and TGW012 samples have been submitted for assay.
Historical underground channel sampling returned significant high-grade gold assays at Sovereign.
Historical drilling at Sovereign returned multiple high-grade gold intersections, with some remaining open along strike and dip.
Priority drill planning is underway at the Sovereign Gold Prospect.
THE PITCH
The Waitekauri Gold Project covers 58km² in New Zealand's Hauraki Goldfield.
The project includes the Jubilee, Scotia and Sovereign gold prospects.
The Jubilee South program targets shallow extensions of the historic Jubilee Mine.
Historical exploration identified multiple parallel mineralised zones at Sovereign.
Minerals Exploration holds the project through its 100%-owned subsidiary, Otagold.
THE NEXT OVERS
The remaining 2 Jubilee South diamond drill holes are expected within 2–3 weeks.
Assays for TGW011 and TGW012 are pending from the SGS Laboratory in Waihi.
Subject to permitting, the initial Sovereign program is planned for approximately 1400m across 7 holes.
Read full ASX Announcement here.
Great Dirt Resources (ASX:GR8)
55.1% Manganese Strengthens High-Grade Mineralisation Case
THE PLAY
Rock chip assays returned up to 55.1% manganese from the Neranghi area.
Ground mapping identified high-grade manganese oxide float and outcrop along a mapped 70m trend.
Rock sampling confirmed massive manganese mineralisation within the Doherty and Neranghi project areas.
Rock samples from Doherty Mine dumps returned assays up to 45.8% manganese.
Drill hole rehabilitation achieved full regulatory compliance following a NSW Resources Regulator audit.
THE PITCH
Great Dirt owns 100% of the Doherty and Basin manganese projects in NSW.
The projects are located within EL9527 near Barraba, northern New South Wales.
The Doherty Project includes the historic Doherty and Junior mines and additional manganese workings.
The Basin Project contains several smaller historic manganese workings.
High-grade manganese oxide float and outcrop occur along a northeast-trending zone within chert host rocks.
THE NEXT OVERS
Modern geochemical and geophysical surveys will test known targets and their extents.
Subsurface geophysical methods and drilling could identify additional targets.
The program could locate previously unrecognised blind deposits.