The Day's Play Edition 146: Rare earths, gold and copper advance | PNN, 49M, ML8
THE TOP ORDER
Power Minerals (ASX:PNN)
Deep Drilling Extends High-Grade Rare Earth Mineralisation
Power Minerals’ third Morro do Ferro hole intersected 108.55m at 4.15% TREO from surface, including 6.45m at 9.34% TREO and a project-record 1.45m at 4.40% MREO. Further mineralisation was identified at 183m, 191.5m and 201m depth, while drilling continues across the project.
Read full ASX Announcement here.
49 Metals (ASX:49M)
Gold Mountain Drilling Redefines Mineralised System
49 Metals’ Gold Mountain drilling returned 170.7m at 0.9g/t Au, the thickest continuous mineralised intercept recorded at the project, alongside 67.1m at 1.7g/t Au including 10.7m at 8.4g/t Au. The results have expanded the interpretation from discrete high-grade structures to a broader mineralised system containing multiple higher-grade zones.
Read full ASX Announcement here.
Moonlight Resources (ASX:ML8)
Peak Downs Drilling Confirms Broad Shallow Copper
Moonlight’s maiden modern RC programme at Peak Downs returned multiple broad, shallow copper intersections, including 22m at 1.26% Cu from surface, 14m at 1.50% Cu and 6m at 2.64% Cu. The results validate historical mineralisation and establish a modern dataset for Mineral Resource evaluation.
Read full ASX Announcement here.
Zinc of Ireland (ASX:ZMI)
A$1.2M Grant Accelerates ARGO Pilot Pathway
Zinc of Ireland secured a €734,000, approximately A$1.2M, development grant from VLAIO to support ARGO development from TRL 4 towards pilot phase TRL 7. The grant will co-fund a 12-month Solvomet testing programme targeting pilot-phase development by early 2027.
Read full ASX Announcement here.
THE ALLROUNDERS
Cazaly Resources (ASX:CAZ)
Cazaly Secures 51% Goongarrie Ownership
Cazaly has earned a 51% interest in the Goongarrie Gold Project after completing the second $1M farm-in milestone 12 months ahead of schedule. More than 5,000m of RC and approximately 14,000m of Aircore drilling has been completed, with Hastings assays awaited to prioritise future drilling.
Read full ASX Announcement here.
Maritana Minerals (ASX:MRT)
High-Grade Drilling Extends Burbanks Mineralisation
Maritana’s Phase 2 Burbanks drilling returned further high-grade intercepts including 0.48m at 25.19g/t Au and 0.76m at 9.02g/t Au. Final Phase 2 results are expected in the September Quarter 2026, with those results to be incorporated into the December Quarter 2026 MRE update.
Read full ASX Announcement here.
Peregrine Gold (ASX:PGD)
Visible Gold Confirms Gold-Bearing Paleo Gravels
Peregrine recovered visible gold from both orientation bulk samples collected adjacent to the Peninsula Prospect, while recent sampling approximately 400m south returned up to 13.5g/t Au. Assays are pending for 22 channel samples over the older inferred paleo gravel unit at Capricorn.
Read full ASX Announcement here.
Killi Resources (ASX:KLI)
Step-Out Hole Extends Lodestone Magnetite
Killi’s first resource step-out diamond hole intersected approximately 80.2m of coarse-grained crystalline magnetite, with true thickness estimated at 40–50m, 100m south of the 110Mt JORC Inferred Resource. The core will undergo DTR analysis and metallurgical testing while drilling continues across the 25km Lodestone system.
Read full ASX Announcement here.
THE ENGINE ROOM
Lithium Universe (ASX:LU7)
Gallium And Platinum Recoveries Expand E-Waste Testing
Lithium Universe’s laboratory testing achieved greater than 99% gallium precipitation and approximately 99–100% platinum recovery under selected conditions. The work demonstrates that the diamide chemistry can target different metals by changing process conditions, while further test work, process development and scale-up remain required.
Read full ASX Announcement here.
Critical Resources (ASX:CRR)
CSIRO Collaboration Targets DSD Optimisation And Scale-Up
Critical Resources has entered a CSIRO Kick-Start collaboration to optimise and scale its solvent- and binder-free Dry Supersonic Deposition battery manufacturing process using digital-twin modelling. The work will run alongside the existing South Dakota Mines programme, including full-format pouch-cell testing and independent electrochemical validation.
Read full ASX Announcement here.
E79 Gold Mines (ASX:E79)
Strategic Tenement Adds New Cue Gold Targets
E79 secured an option over the P21/800 tenement application, adding 1.5km² between its Cue Gold Project and Westgold Resources’ neighbouring Cue Project. Multiple gold targets identified through gravity surveying extend across the tenement, with heritage surveys planned ahead of initial drilling.
Read full ASX Announcement here.
