The Day's Play Edition 134: Control shifts, gold hits and recovery breaks through | KNI, GA8, LU7
THE COIN TOSS
KNI - Kuniko secured 51% ownership and control of the Commonwealth Project after completing the $1.5M Stage 1 earn-in 12 months ahead of schedule.
GA8 - GoldArc Resources returned 2m at 69.7g/t Au, including 1m at 137.0g/t Au, with 5 consecutive high-grade batches at Mt Stirling Well.
LU7 - Lithium Universe achieved >99% gold recovery and 97.04% metallic gold purity using GCDE technology.
AOK - Australian Oil Company sustained 15-20 barrels of dry oil per day at Emu Apple-1 with zero water cut after acid wash intervention.
CPM - Cooper Metals returned 5.36% Cu and 5.16g/t Au from an Ardmore North quartz vein rock chip ahead of RC assay results.
BIM - Bindi Metals returned 2m at 21.6g/t Au at Drenjak and 5m at 71.1g/t Ag at Rudnjak North.
TRU - TruScreen Group appointed distributors in 4 African markets, with its expansion strategy spanning 8 nations.
LGM - Legacy Minerals defined chargeability anomalies exceeding 30 mV/V at Mascotte, with drilling underway to test previously untested zones.
ELK - Elk Range Mining executed a drilling agreement for a maiden 2,850m campaign targeting historical high-grade gold mineralisation at Friday Gold Mine.
AKA - Aureka identified multiple visible gold occurrences at 21.7m and 61.2m down hole on the Walkers Structure in NED035.
AX8 - Accelerate Resources identified manganese outcrops coinciding with interpreted structures at Gingarrigan and El Largo ahead of planned drilling.
Kuniko (ASX:KNI)
Kuniko secures 51% control of Commonwealth-Silica Hill
THE PLAY
Kuniko secured 51% ownership and control after completing the $1.5m Stage 1 commitment.
Stage 1 expenditure was completed 12 months ahead of schedule under the earn-in agreement.
Phase 1 drilling delivered 0.5m at 347 g/t AuEq at Silica Hill.
The Silica Hill interval included 20,603 g/t Ag and 27 g/t Au.
Phase 2 diamond drilling is underway to expand mineralisation and support the next Project MRE.
THE PITCH
Commonwealth Project comprises Commonwealth Main, Commonwealth South and Silica Hill deposits in the Lachlan Fold Belt.
Commonwealth Main and South comprise a polymetallic VMS-style system with gold, silver and zinc mineralisation.
Silica Hill comprises an epithermal stockwork vein system hosting high-grade silver mineralisation.
The project covers 5 granted exploration licences containing multiple gold-silver-base-metal prospects.
Kuniko retains the right to increase its interest to 70% through a further $1.5m exploration spend.
THE NEXT OVERS
Regional targeting review in August will integrate geology, geochemistry, gravity and MobileMT datasets.
Phase 2 diamond drilling assay results are scheduled for September.
An upgraded Project MRE is scheduled for H2'26.
Read full ASX Announcement here.
GoldArc Resources (ASX:GA8)
High-grade results extend Mt Stirling Well coverage
THE PLAY
2m at 69.7g/t Au from 23m includes 1m at 137.0g/t Au.
1m at 29.5g/t Au from 24m adds to high-grade results.
1m at 10.9g/t Au from 27m adds another high-grade interval.
85 holes for approximately 2,245m were completed in this batch.
5 consecutive batches have returned high-grade results at Mt Stirling Well.
THE PITCH
Mt Stirling Well hosts a JORC Inferred Mineral Resource of 198,000t at 2.3g/t Au.
The deposit is approximately 700m southwest of Mt Stirling within Leonora North.
Gold mineralisation occurs in narrow, flat-dipping quartz veins within a granitoid host.
Grade control drilling uses fences 8m apart and holes approximately 6m apart.
BML Ventures fully funds the program under a 50/50 net profit-sharing arrangement.
THE NEXT OVERS
Remaining Mt Stirling Well grade control assay batches will be released as received.
A planned approximately 6,600m RC programme is scheduled to commence in August 2026.
Mine planning and updated mining models are progressing with BML Ventures.
Read full ASX Announcement here.
Lithium Universe (ASX:LU7)
GCDE achieves >99% gold recovery with 97.04% metallic gold purity
THE PLAY
>99% gold recovery achieved from chloride solutions, with metallic gold at 97.04% purity.
98% gold recovery achieved from dissolved e-waste using GCDE technology.
Gold recovery exceeded 99% under both 2M and 6M hydrochloric acid conditions.
Diamide reagent remained recyclable across multiple loading and stripping cycles.
Results provide further validation toward pilot-scale demonstration and commercialisation.
THE PITCH
GCDE was developed by the University of Edinburgh's School of Chemistry with Edinburgh Innovations support.
The proprietary diamide reagent selectively precipitates gold from complex multi-metal chloride solutions.
Hydrochloric acid concentration controls metal selectivity and recovery sequences.
The process requires no organic solvents and converts recovered gold precipitate into metallic gold.
GCDE has been evaluated across primary mining and secondary resource recycling applications.
THE NEXT OVERS
Pilot-scale demonstration and commercialisation are identified as the next development stage.
Further testing examined reagent recyclability across multiple loading and stripping cycles.
Further testing examined gold recovery from dissolved electronic waste.
Read full ASX Announcement here.
Australian Oil Company (ASX:AOK)
Emu Apple-1 sustains 15-20 barrels of dry oil per day
THE PLAY
Emu Apple-1 is producing 15-20 barrels of dry oil per day after acid wash intervention.
The well is producing with zero water cut, compared with 30% previously.
Fluid levels remain over 100m above the pump intake, indicating capacity for higher pump rates.
Emu Apple-2 and Emu Apple-3 have been surveyed for similar interventions.
Riverslea production facilities are being upgraded ahead of the planned field restart.
THE PITCH
Emu Apple-1 operates within PL 264 in the Surat Basin.
Riverslea and Yapunyah are located within PL 30 in the Surat Basin.
Riverslea has existing production facilities including evaporation ponds and water separation infrastructure.
Major Field operates within PL 512 with existing wellhead and supporting infrastructure.
The Boxley pipeline connection provides a pathway for Major Field gas delivery to Silver Springs Gas Plant.
THE NEXT OVERS
Further interventions at Emu Apple-2 and Emu Apple-3 are being planned.
Riverslea-1 is planned for hydraulic pump reactivation and Riverslea-3 for free-flow production.
Major Field gas production preparations are progressing through pipeline and wellhead works.
Read full ASX Announcement here.
Cooper Metals (ASX:CPM)
Ardmore North returns multiple copper-gold surface results
THE PLAY
5.36% Cu and 5.16 g/t Au returned from an Ardmore North quartz vein rock chip.
1.66% Cu and 0.30 g/t Au returned from an Ardmore North ironstone rock chip.
0.82% Cu and 2.25 g/t Au returned from an Ardmore North gossan rock chip.
Trench sampling returned 0.42% Cu and 0.13 g/t Au over 2m at Ardmore North.
Attina rock chip sampling returned 0.45% Cu and 0.29 g/t Au from gossan material.
THE PITCH
Mt Isa East is a Cu-Au project covering approximately 1,200 sq.km of tenure in Queensland.
The Mt Isa Inlier is prospective for IOCG, ISCG and shear-hosted Cu ± Au deposits.
Cooper Metals holds projects across proven mineralised terrains with access to infrastructure in Queensland and Western Australia.
Gooroo covers a 26km greenstone belt in Western Australia with almost no exploration.
Pyramid Gold covers approximately 150 km² in the Drummond Basin and hosts established high-grade gold mineralisation.
THE NEXT OVERS
RC drilling assay results are anticipated approximately six to eight weeks from submission.
Drilling results will be integrated with existing geological, geochemical and geophysical datasets.
Further surface sampling and geological mapping will test the extent of the Attina gossanous vein system.
Read full ASX Announcement here.
Bindi Metals (ASX:BIM)
High-grade gold and silver confirmed across Ravni
THE PLAY
2m at 21.6 g/t Au returned at Drenjak, including 1m at 37.8 g/t Au.
5m at 71.1 g/t Ag returned at Rudnjak North, including 1m at 341 g/t Ag.
RAV26011 confirms high-grade surface mineralisation continues at depth and remains open.
All 3 Rudnjak North holes intersected alteration and sulphide mineralisation across the hydrothermal system.
The maiden program tested 14 diamond holes across 4 Ravni prospects.
THE PITCH
Ravni covers approximately 30 km² of tenure in southwestern Serbia's Kopaonik Metallogenic Zone.
Drenjak-Rujak-Rudnjak North is an epithermal vein system with intermediate to high-sulphidation characteristics.
Bindi is earning up to an 80% interest through Red Creek d.o.o.
Ravni comprises 1 granted exploration licence covering approximately 30.5 km² in southwestern Serbia.
Mineralisation is hosted in Miocene andesites intruding Cretaceous-aged serpentinites, with Miocene diorite intrusions.
THE NEXT OVERS
Remaining assay results are expected over the next 6 to 8 weeks.
Drilling, geological, geochemical and structural data will be integrated to refine targets.
Permitting and design will progress for the next drilling phase targeting extensions and priority targets.
Read full ASX Announcement here.
TruScreen Group (ASX:TRU)
TruScreen expands distribution across 4 African markets
THE PLAY
Distributors appointed across Nigeria, Ghana, Côte d'Ivoire and Rwanda, accelerating African expansion.
Rwanda registration is in place, with 3 government hospitals completing positive pilot studies.
Nigerian regulatory approval is expected within 3-6 months, with a 300-patient evaluation planned.
African expansion covers 8 nations representing up to 132 million women of screening age.
Distribution network could potentially provide screening services across 8 African nations by 2027.
THE PITCH
TruScreen Ultra is registered as a primary cervical cancer screening device.
The device has distributors across 29 countries, according to the company.
TruScreen technology has been used to screen more than 1,000,000 women worldwide.
More than 200 devices have been installed across China, Vietnam, Mexico, Zimbabwe, Russia and Saudi Arabia.
TruScreen holds an MOU to commercialise premium hrHPV DNA products outside the United States and Canada.
THE NEXT OVERS
Nigerian product regulatory approval is expected to take 3-6 months.
Preparations are underway for a 300-patient clinical evaluation in Nigeria.
2 major African public screening projects are pending UNITAID grant approvals in November 2026.
Read full ASX Announcement here.
Legacy Minerals Holdings (ASX:LGM)
Mascotte IP survey defines large, untested chargeability targets
THE PLAY
Strongest Mascotte chargeability anomalies exceed 30 mV/V in 2D inversion models.
2 main zones have cores at approximately 100-120m and 60-80m depth.
3D inversion indicates continuity between survey lines, with targets open northeast and southwest.
None of the chargeability highs have been tested by previous drilling.
Drilling is underway to test the strongest untested chargeability zones.
THE PITCH
Mascotte forms part of the Mt Carrington Project in northern New South Wales.
Mt Carrington comprises 4 tenements, all 100% owned by Legacy Minerals.
Mt Carrington has a 1.6 Moz AuEq Mineral Resource.
Known Mascotte mineralisation includes gold-silver drilling intercepts.
Chargeability anomalies are interpreted to reflect sulphide-bearing structures along resistive zone margins.
THE NEXT OVERS
Chargeability targets will be drill tested as part of the current Mascotte drilling programme.
Further geophysical interpretation will refine target locations.
Geological mapping and target refinement will inform final drill collar positions.
Read full ASX Announcement here.
Elk Range Mining (ASX:ELK)
Maiden 2,850m drilling campaign set to commence at Friday Gold Mine
THE PLAY
Drilling agreement executed with Black Cloud Mining & Drilling LLC for maiden 2,850m Friday campaign.
Phase 1 comprises 8 planned diamond holes targeting historical high-grade gold mineralisation.
The program will test the Friday system at depth and along strike.
Drill pads are established, personnel engaged and core-processing facilities are in place.
Phase 1 drilling will occur on patented mining claims with established site infrastructure.
THE PITCH
Friday Gold Mine forms part of Elk Range Mining's Idaho Gold Project in the United States.
The Idaho Gold Project includes Friday Gold Mine, Orogrande Processing Plant, Buffalo Gulch and Deadwood Projects.
Existing underground development is in place at the Friday Gold Mine.
A permitted processing plant and established site infrastructure are already in place.
Water, fuel and supporting infrastructure are available on site.
THE NEXT OVERS
Elk Range Mining will host its inaugural investor webinar on 13 August 2026.
The webinar will outline the Company's upcoming exploration program at its Idaho Gold Project.
Elk Range Mining will commence the maiden 2,850m drilling program at Friday Gold Mine.
Read full ASX Announcement here.
Aureka (ASX:AKA)
Visible gold marks first Walkers Structure intersection
THE PLAY
Multiple visible gold occurrences identified in NED035 at 21.7m and 61.2m down hole.
First visible gold identified on Walkers Structure, a secondary structure at Comstock, in NED035.
Visible gold occurs within bedding-parallel quartz veins and en-echelon extension vein structures.
NED035 forms part of the approximately 1,100m, 13-hole infill diamond drilling program.
Assays from the visible gold samples are expected in 3-5 weeks.
THE PITCH
Comstock has a 56koz Inferred Mineral Resource grading 1.21g/t gold within a previously mined pit.
The project is located approximately 2km north of St Arnaud within the historic St Arnaud Goldfields.
Gold mineralisation is hosted within structurally controlled quartz veins and reef systems.
Aureka has a binding toll milling partnership in place with the Wedderburn Gold Mill.
The Comstock licensing process is underway as part of the nearer-term first production strategy.
THE NEXT OVERS
Assays from the visible gold samples are expected in 3-5 weeks.
Diamond drilling continues as part of the Comstock infill and historical high-grade affirmation program.
The licensing process continues as Aureka progresses its nearer-term first production strategy.
Read full ASX Announcement here.
Accelerate Resources (ASX:AX8)
Manganese outcrops align with interpreted structures at Gingarrigan
THE PLAY
Gravity survey identifies structures coinciding with mapped manganese outcrops.
Larger high-grade outcrop clusters occur near interpreted structural intersections.
Rancor and Gingarrigan-Gingerbread show greater structural complexity.
Gravity, LiDAR, orthophotography and mapping are being integrated for drill targeting.
Upcoming drilling will test whether surface mineralisation continues at depth.
THE PITCH
Woodie Woodie North covers 432 km² in the East Pilbara.
7 manganese corridors extend over 42 km of strike.
Existing Inferred MRE totals 1.2 Mt at 19.1% Mn.
Existing Exploration Targets total 5.3-10.7 Mt at 10-19% Mn.
The Exploration Targets exclude Gingarrigan and El Largo.
THE NEXT OVERS
Structural interpretation will rank priority areas for drill testing.
Final RC drill design follows heritage clearance and required approvals.
El Largo mapping continues ahead of maiden drilling expected in September 2026.