The Day's Play Edition 136: Copper system expands, high-grade shoot defined | WCN, A1M, GBM
THE COIN TOSS
WCN - White Cliff Minerals confirmed copper continuity beyond 280m at Danvers 3, with mineralisation extending approximately 866m laterally and remaining open at depth.
A1M - AIC Mines hit 10.5m at 14.4% Cu and 3.8g/t Au, defining a higher-grade copper-gold shoot from approximately 20m below surface to 200m depth.
GBM - GBM Resources extended the BXM host horizon at least 700m south of the 309 MRE, with gold mineralisation confirmed in all 4 Stella holes.
ADD - Adavale Resources returned broad gold intercepts beneath the 1.5km London-Victoria open pit, including 38m at 0.96g/t Au and 38m at 0.87g/t Au.
POD - Podium Minerals lifted flotation 3E recovery to 67%, cutting the targeted PGM Value Recovery Circuit size approximately 50% and power requirements approximately 40%.
WIN - WIN Metals confirmed 97.0%-99.0% total gold extraction from Radio samples across 75µm and 150µm grind sizes through gravity and leach testwork.
AX8 - Accelerate Resources mapped more than 200 manganese outcrops across Gingarrigan–El Largo, with rock-chip assays reaching 58.4% Mn at Wampa.
AVW - Avira Resources confirmed 7m at 6.11g/t Au at depth at Maori Queen, including 2m at 15.1g/t Au, with mineralisation remaining open.
FAU - First Au identified surface gold at Kims with assays reaching 4.93g/t Au, alongside approximately 30 previously unreported historic workings.
C1X - Cosmos Exploration secured a second VULTEC MSA covering DLE optimisation, engineering studies, pilot plant support and future operational assistance.
EMA - Eminence Minerals expanded Campo Grande drilling into Northeast and South targets, testing 2 mineralisation models.
White Cliff Minerals (ASX:WCN)
Danvers 3 Extends Copper Mineralisation Beyond 280m
The Play
Assays confirm copper mineralisation from near surface to beyond 280m vertical depth at Danvers 3.
DAN26030 returned 13.86m at 1.98% Cu and 10.41g/t Ag, including 5.45m at 4.36% Cu.
DAN26030 returned 17.08m at 1.89% Cu and 7.51g/t Ag, including 2.39m at 5.05% Cu.
DAN26034 confirmed strike continuity 449m northeast, ending with 1.5m at 3.68% Cu.
Phase 1 assays confirm copper mineralisation across 4,933m at Teshierpi and 3,152m at Danvers 1.
The Pitch
The Rae Copper Project contains numerous high-grade copper occurrences across the Danvers area.
Danvers 3 mineralisation extends approximately 866m laterally and beyond 280m vertically.
Danvers 3 contains a Pb-rich domain adjacent to and partially overlapping deeper Cu-Ag mineralisation.
Phase 1 comprised 44 drillholes totalling 10,581m across 11.8km of linear strike.
Copper sulphides were observed across 6,499m at Teshierpi and 4,755m at Danvers 1.
The Next Overs
Diamond drilling is now infilling regionally spaced Phase 1 regional holes.
The next phase prioritises high-grade copper zones at Danvers 3.
Pending assays will be incorporated into drill targeting, particularly around Danvers 1.
Read full ASX Announcement here.
AIC Mines (ASX:A1M)
High-Grade Copper-Gold Shoot Defined at Brumby
The Play
BRDD001 intersected 10.5m at 14.4% Cu and 3.8g/t Au from 151.5m.
BRDD001 returned 46.4m at 3.6% Cu and 1.0g/t Au from 146.5m.
The breccia pipe now contains mineralisation over 500m strike and to 200m depth.
BRDD003 returned 3.0m at 0.6% Cu and 0.1g/t Au from 279.0m.
The higher-grade shoot extends from approximately 20m below surface to 200m depth.
The Pitch
Brumby is an IOCG-style system hosted within an intensely altered hematite-magnetite breccia pipe.
The Brumby prospect sits within the Cannington Project, comprising approximately 636km2 of 100%-owned tenure.
Brumby is located 20km west of the Cannington silver mine and 100km south of Eloise.
Mineralisation extends from beneath less than 20m of Mesozoic cover to 200m below surface.
Copper grades show a strong relationship with brecciation intensity and associated alteration at Brumby.
The Next Overs
Further drilling is planned to test the down-dip extension of the higher-grade sulphide shoot.
Results from a surface geochemistry soil program and gravity survey are pending.
Planning and approvals for the next round of drilling are underway.
Read full ASX Announcement here.
GBM Resources (ASX:GBM)
BXM Host Horizon Confirmed 700m South of 309
The Play
Step-out drilling confirmed BXM host horizon at least 700m south of 309 MRE.
THDH005 returned 8m at 1.31g/t Au from 126m, including 1m at 2.18g/t Au.
Gold mineralisation was confirmed in each of the 4 holes drilled at Stella.
First deep holes outside MRE intersected BXM at downhole depths exceeding 200m.
Approximately 60% of the Stella drilling metres remain subject to assay results.
The Pitch
Twin Hills is a gold project within the Drummond Basin in Queensland, Australia.
BXM is the principal host to gold mineralisation along a laterally continuous sedimentary horizon.
GBM's Drummond Basin projects hold approximately 1.84Moz of gold in mineral resources.
High-resolution magnetics identified alteration zones and intrusive centres interpreted as favourable fluid pathways.
The 309 MRE totals 999,200oz at 1.3g/t Au across open-pit and underground resources.
The Next Overs
Stage 2 drilling will continue testing the BXM horizon between 309, Coreshed and Stella.
Approximately 11,500m of completed drilling remains subject to pending assay results.
Assay results are expected to recommence progressively within the next fortnight.
Read full ASX Announcement here.
Adavale Resources (ASX:ADD)
Broad Gold Intercepts Extend Beneath London-Victoria Pit
The Play
Five RC holes returned broad gold intercepts beneath the 1.5km London-Victoria open pit.
ALRC075 returned 38m at 0.96g/t Au from 142m, including 6m at 1.25g/t Au.
ALRC073 returned 38m at 0.87g/t Au from 138m, including 7m at 2.16g/t Au.
ALRC074 returned 27m at 0.90g/t Au from 120m, including 16m at 1.22g/t Au.
ALRC071 returned 20m at 0.95g/t Au from 149m, providing further down-dip continuity.
The Pitch
London-Victoria has an existing 2012 JORC Inferred MRE of 3.8Mt at 0.95g/t Au for 115koz Au.
The Parkes Project spans approximately 610km2 across 70km of contiguous Belt-Scale strike in NSW.
The Parkes Project comprises the Calarie Mining Licence, London-Victoria and 10 additional exploration licences.
London-Victoria mineralisation is hosted within north-south oriented shear zones beneath the open pit.
London-Victoria mineralisation exhibits plunging geometries within the shear zone and along strike.
The Next Overs
Assays for 10 further drillholes are being processed for release in coming weeks.
Adavale Resources expects to complete the London-Victoria MRE update by 3Q CY26.
Comprehensive metallurgical testing will assess recoveries and support future development studies.
Read full ASX Announcement here.
Podium Minerals (ASX:POD)
Higher Flotation Recovery Enables Smaller Downstream Circuit
The Play
Flotation Circuit 3E recovery increased 31% to 67% from the Phase 2 baseline.
PGM Value Recovery Circuit targeted size reduced approximately 50%, with power requirements reduced approximately 40%.
Overall Concentrator 3E recovery remained approximately 80%, while copper recovery increased to 81% from 52%.
Combined Concentrator product grade increased 18% to 97 g/t 3E from 82 g/t 3E.
Equivalent overall metallurgical performance is now achieved through a simpler, more efficient Concentrator flowsheet.
The Pitch
Phase 3 optimisation used representative baseload sulphide feed from PRDD012, drilled downdip of PRDD009.
PRDD012 comprised a 9m high-grade hanging wall and footwall blend grading 1.85 g/t 3E.
The PGM Value Recovery Circuit treats flotation tailings through magnetic separation, grinding, leaching and carbon extraction.
The optimised Concentrator produces 2 high-grade PGM products with low chrome content.
All Parks Reef Project tenements are granted and held 100% by Podium.
The Next Overs
Validation will test the optimised flowsheet across broader sulphide composites from Target Starter Mine #1.
Deep-drill core testing will confirm metallurgical performance at depth across Parks Reef.
PGM mineralogical characterisation and comminution testing will support further flowsheet validation.
Read full ASX Announcement here.
WIN Metals (ASX:WIN)
Radio Testwork Confirms High Gold Extraction
The Play
24-hour gravity and leach testwork returned 97.0%-99.0% total gold extraction across the 75µm and 150µm grind sizes tested.
Composite 1 achieved 99.0% total extraction at 75µm and 98.8% at 150µm.
Composite 2 achieved 98.6% total extraction at 75µm and 97.0% at 150µm.
Gravity recovery ranged from 65.6%-90.0% across the 4 test conditions.
Whole ore cyanidation at 75µm achieved 90.1%-94.7% gold extraction after 24 hours.
The Pitch
Radio is located 8km north of Bullfinch and approximately 38km northwest of Southern Cross.
The 2026 Radio Mineral Resource totals 366,000t at 4.22g/t Au for 49,600oz.
The company says the testwork confirmed the Radio ore is free milling, contains an appreciable gravity gold component and is amenable to conventional gold processing techniques.
Historical 2018 metallurgical testwork also achieved approximately 99% total gold extraction, providing supporting evidence for the current results.
The Next Overs
Re-start study outcomes for the Radio Gold Project are expected to be announced shortly.
The results provide further technical support for WIN Metals' ongoing evaluation of development options for Radio.
WIN Metals says it is positioned to progress Radio towards a development decision in the near future.
Read full ASX Announcement here.
Accelerate Resources (ASX:AX8)
200+ Manganese Outcrops Mapped With Assays Up to 58.4%
The Play
More than 200 manganese outcrops and occurrences were identified across Gingarrigan–El Largo.
Rock-chip assays returned up to 57.6% Mn at Rancor and 58.4% Mn at Wampa.
Rancor contains approximately 1ha of manganese-chert breccia with apparent thickness up to 10m.
Seven of 10 Rancor rock-chip samples returned grades above 30% Mn.
Mapped manganese occurrences extend approximately 5km along the principal trend and up to 2.5km across the northern target area.
The Pitch
Woodie Woodie North covers 432km2 along the Woodie Woodie Manganese Corridor in Western Australia.
The project incorporates 7 mapped large-scale manganese corridors extending over 42km of strike.
Woodie Woodie North has an existing Inferred Mineral Resource of 1.2Mt at 19.1% Mn.
The project includes an Exploration Target of 5.3–10.7Mt at 10–19% Mn.
Area 42 hosts an Inferred Mineral Resource of 0.7Mt at 20.7% Mn at 15% Mn cut-off.
The Next Overs
Maiden RC drilling at Gingarrigan is expected to commence in September 2026, subject to approvals.
Interpretation, mapping and target ranking will continue across the broader Gingarrigan–El Largo area.
Metallurgical diamond drilling at Area 42 is expected to commence in late August 2026.
Read full ASX Announcement here.
Avira Resources (ASX:AVW)
High-Grade Drilling Extends Blue Moon Strike Beyond 850m
The Play
RAGC116 returned 7m at 6.11g/t Au from 105m, including 2m at 15.1g/t Au.
RAGC117 returned 5m at 1.85g/t Au from 106m, including 1m at 7.47g/t Au.
RAGC113 returned 8m at 1.4g/t Au from 37m and 1m at 3.06g/t Au from 26m.
Assay results are now received for all 18 assayable holes from the maiden RC program.
Maori Queen mineralisation remains open along strike to the southwest and down-dip.
The Pitch
Mt Cattlin Gold Project is approximately 430km east-southeast of Perth and 4km north of Ravensthorpe.
Project sits adjacent to Mt Cattlin Lithium Mine and includes Maori Queen and Sirdar.
Gold mineralisation occurs as narrow shear-hosted quartz-sulphide lodes and broader disseminated stockwork.
New Zealand Trend extends 650m southwest and captures Maori Chief and Maori Prince prospects.
Avira holds 100% of the gold and non-pegmatite mineral rights over Exploration Licence E74/401.
The Next Overs
Phase 1 RC drilling is planned to recommence in September 2026.
Further down-dip extensions at Maori Queen will be tested from September 2026.
First-pass RC drilling will commence at Sirdar and Ellendale from September 2026.
Read full ASX Announcement here.
First Au (ASX:FAU)
High-Grade Surface Gold Identifies New Kalgoorlie Target
The Play
Surface sampling returned gold assays up to 4.93g/t Au and 3.48g/t Au across 2 tenements.
Kims identified previously unreported quartz outcropping and approximately 30 historic workings across the prospect.
High-grade Kims results came from iron-sulphide associated quartz samples collected during initial fieldwork.
Only 4 historical aircore drill holes have tested the Kims prospect to date.
Rock samples from P24/5844 returned gold assays of up to 0.85g/t Au.
The Pitch
First Au recently acquired 20 Kalgoorlie tenements from various private groups in the region.
The sampled tenements are approximately 2.6km north of the Paddington Gold Mill in Western Australia.
Paddington Gold Mill has 3.7Mt pa processing capacity and is owned by Zijin Mining Group.
Kims lies within the greater Kalgoorlie Terrane at a basalt-ultramafic unit contact within P24/2845.
Local gold mineralisation is associated with quartz veins in structurally controlled environments near historic workings.
The Next Overs
Evaluate the Kims prospect to determine the next phase of exploration work.
Continue systematic fieldwork across First Au’s expanded Kalgoorlie portfolio region.
Receive and assess pending assays from samples already collected across the portfolio.
Read full ASX Announcement here.
Cosmos Exploration (ASX:C1X)
VULTEC Agreement Expands DLE Technical Support
The Play
Cosmos Exploration executed a second MSA with VULTEC for lithium engineering and technical services.
VULTEC will provide technology integration, process design, sorbent supply and A-DLE system performance.
The MSA covers DLE optimisation, geothermal power integration studies and by-product opportunities.
The agreement includes pilot plant mobilisation, installation, transport and commissioning support.
VULTEC will also provide future plant operations and training support.
The Pitch
EAU Lithium is operating under a VULSORB® technology licence with Vulcan Energy Resources.
EAU Lithium is preparing to support future lithium production development in Bolivia through YLB.
Cosmos Exploration merged with EAU Lithium in May 2026, bringing its executive team into Cosmos.
VULTEC is Vulcan Energy Resources’ German technology subsidiary.
The VULSORB® A-DLE technology is designed to process complex lithium brines using a closed-loop circuit.
The Next Overs
VULTEC will conduct optimisation testing of synthesised brine samples at its active German facility.
Geothermal studies and broader technology support will proceed under the MSA.
VULTEC will provide future operational support as part of the agreed services.
Read full ASX Announcement here.
Eminence Minerals (ASX:EMA)
Eminence Expands Drilling Across New Campo Grande Targets
The Play
Drilling expands into Northeast and South targets selected for 2 mineralisation models.
30 auger holes completed, with 11 more drilled at Targets 5 and 6.
Eight Northeast drill collars have secured landowner access, allowing drilling to commence.
A second drilling crew is being mobilised to increase target-testing capacity.
Targets 3 and 4 samples are being dispatched, with assays expected September/October.
The Pitch
Campo Grande is 100%-owned and covers approximately 1,690km² in Bahia, Brazil.
The program is testing ion-adsorption clay REE and bauxite-gallium mineralisation models.
The Northeast Target has a planned 70-hole auger program.
The South Target has a planned 67-hole auger program, subject to access.
The additional targets remain early-stage and have not yet been tested by drilling.
The Next Overs
Drilling will continue at Targets 5 and 6 while assay results remain pending.
Drilling will commence at 8 Northeast collars where landowner access is secured.
Assay results from Targets 3 and 4 are expected in September/October 2026.