The Day's Play Edition 149: A$870M tungsten case, new gold hits, system connects | TGN, NXM, LSA
THE TOP ORDER
Tungsten Mining NL (ASX:TGN)
Mt Mulgine PFS Sets A$870M Development Case
Tungsten Mining’s Mt Mulgine PFS adopts an 8 Mtpa development case with A$870M initial capital and a 21-year mine life supported by a 144Mt Probable Ore Reserve. DFS is scheduled to commence in September 2026, with completion targeted for Q3 2027 and FID targeted for Q1 2028.
Read full ASX Announcement here.
Nexus Minerals (ASX:NXM)
New High-Grade Lode Links Crusader and Clement
Nexus has identified a new high-grade structure between the Crusader–Templar Deposit and Clement Prospect, including 3m @ 18.75g/t Au within 13m @ 4.52g/t Au. The results confirm Crusader–Templar and Clement as a single interconnected mineralised system, with all 196 RC holes and 21,985m of the Wallbrook campaign now reported.
Read full ASX Announcement here.
Lachlan Star (ASX:LSA)
1m Assays Confirm Waverley High-Grade Gold
1m PhotonAssay results have confirmed multi-metre high-grade gold at New Waverley, including 7m @ 6.61g/t Au with 2m @ 21g/t Au and 13m @ 4g/t Au with 3m @ 15.2g/t Au. Further drilling has extended mineralisation down-plunge, including 12m @ 4.01g/t Au, with higher-grade positions remaining open down-plunge and at depth.
Read full ASX Announcement here.
Azzuro Resources PLC (ASX:AZ9)
11.95% Copper Intercept Extends Red Hill System
Azzuro has confirmed copper-gold VMS mineralisation over approximately 550m of strike and to approximately 150m below surface, remaining open east, west and down-dip. Results include 5m @ 4.92% Cu, 0.94g/t Au and 5.05g/t Ag, including 2m @ 11.95% Cu, with Phase 2 drilling now underway.
Read full ASX Announcement here.
THE ALLROUNDERS
Australian Gold and Copper (ASX:AGC)
Evergreen Opens New High-Grade Gold-Silver Zone
AGC has confirmed 2 gold-silver-rich zones approximately 35m west of the main base-metal-rich zone at Evergreen, including 13.6m @ 4.6g/t Au and 23g/t Ag from 51.4m. RC drilling is immediately testing the zone along strike, with mineralisation remaining open to the south and further assays pending.
Read full ASX Announcement here.
Breakthrough Minerals (ASX:BTM)
Turpentine Returns Further High-Grade Copper-Gold
Breakthrough has reported 3 further significant Turpentine intersections, including 5m @ 3.21% CuEq, 12m @ 0.87% CuEq and 26m @ 0.63% CuEq. Turpentine currently hosts an Inferred Mineral Resource of 8.7Mt @ 1.16% CuEq for 101,000t of contained CuEq, with further assays pending.
Read full ASX Announcement here.
Iceni Gold (ASX:ICL)
Goose Well Reveals Broad Gold Mineralisation
Iceni’s maiden diamond hole at Goose Well returned 20.62m @ 0.45g/t Au from 208.47m, including 0.32m @ 5.97g/t Au, within an approximately 54m low-grade mineralised envelope. The results have established a new structural targeting model, with east-west RC drilling being planned to test the Gander Fault corridor.
Read full ASX Announcement here.
Leeuwin Metals (ASX:LM1)
Marda Adds Up to 186,000oz Exploration Target
Leeuwin has defined a 4.3Mt to 6.6Mt Exploration Target at 0.9g/t to 1g/t Au for approximately 142,000oz to 186,000oz outside the existing 378,600oz Marda Mineral Resource. The company cautions that the Exploration Target is conceptual and that insufficient exploration has been completed to estimate a Mineral Resource.
Read full ASX Announcement here.
Dundas Minerals (ASX:DUN)
5km Bloodwood Gold Anomaly Secured
Dundas has secured the full 5km Bloodwood gold anomaly after Exploration Licence E38/4002 was granted, covering approximately 270km². Historical drilling includes 12m @ 3.31g/t Au from 20m, including 4m @ 9.53g/t Au, while the next steps focus on access approvals and designing a systematic drilling programme.
Read full ASX Announcement here.
THE ENGINE ROOM
Kingfisher Mining (ASX:KFM)
Stephens Trig Delivers 198g/t Silver Intercept
Kingfisher’s first drilling at Stephens Trig since 2017 has confirmed high-grade silver-lead-zinc mineralisation, including 5m @ 7.4% Pb+Zn and 10g/t Ag and 1m @ 1.5% Pb+Zn and 198g/t Ag. The prospect is defined by a 1.5km lead-zinc geochemical anomaly, with follow-up targets now being assessed.
Read full ASX Announcement here.
Greenvale Energy (ASX:GRV)
9km Uranium Target Defined at Powers
Greenvale has defined a potential paleochannel uranium target at Powers extending approximately 9km along strike and up to 400m wide. Ground-based mapping and sampling verified the airborne radiometric anomaly, while permitting and approvals work is underway for future drill testing.
Read full ASX Announcement here.
Black Horse Mining (ASX:BHL)
High-Grade Gold Confirmed at Sister Rose
Black Horse has confirmed high-grade gold at the Sister Rose No1 Splay, with face samples returning 0.60m @ 10.92g/t Au and 0.7m @ 10.67g/t Au. Mineralisation projects down-dip to a historical 2m @ 5.13g/t Au intercept, with drilling planned from late September/October to test the structure and other targets.