The Day's Play Edition 152: TREO grades surge, Ironclad hits high-grade gold and Moranbah South deal | PNN, NMT, SMR
THE TOP ORDER
Power Minerals (ASX:PNN)
PNN Hits 88m at 6.33% TREO
Power Minerals returned 88m at 6.33% TREO from surface at Morro do Ferro, including 50m at 9.0% TREO and 20m at 12.05% TREO. A further 79m at 1.11% TREO brings the continuous mineralised interval to 167m, with drilling continuing.
Read full ASX Announcement here.
Neometals (ASX:NMT)
Ironclad Delivers 12m at 5.99g/t Gold
Neometals reported 12m at 5.99g/t Au and 11m at 5.50g/t Au from Ironclad, including 4m at 10.13g/t Au and 3m at 15.10g/t Au. A diamond tail and additional diamond drilling approximately 50m down plunge are planned for September 2026, subject to operational conditions and approvals.
Read full ASX Announcement here.
Stanmore Resources (ASX:SMR)
Stanmore Agrees US$105m Moranbah South Deal
Stanmore has agreed to acquire 100% of the Moranbah South tenements from Exxaro for US$105 million, with the tenements containing 724Mt of Measured and Indicated Coal Resources. The transaction would also extinguish up to US$60 million of deferred and contingent consideration linked to the Isaac Downs Extension.
Read full ASX Announcement here.
Magnetite Mines (ASX:MGT)
Razorback Study Reworks Water and Rail Plan
Magnetite Mines has substantially revised the Razorback development configuration, including saline water processing, earlier mining of higher-grade areas and a 55km rail spur. Further drilling, metallurgical testing and engineering are required, with the work subject to funding.
Read full ASX Announcement here.
THE ALLROUNDERS
Aurum Resources (ASX:AUE)
Aurum Adds 31.79g/t Gold at Boundiali
Aurum returned 5.63m at 31.79g/t Au from 32m at BST1, including 2.63m at 67.60g/t Au. A further 3.07m at 17.20g/t Au included 0.50m at 104.13g/t Au. Drilling has confirmed mineralisation outside the current MRE, with the next Boundiali MRE update targeted for early Q4 CY2026.
Read full ASX Announcement here.
Right Resources (ASX:RRE)
5.16g/t Gold Sharpens Blue Drill Target
Right Resources returned a new peak selective rock-chip result of 5.16g/t Au and defined a 4.0km by 0.8km gold-anomalous corridor at Blue. The fully funded 60-hole, 3,000m maiden aircore program remains scheduled to commence in September 2026.
Read full ASX Announcement here.
Koonenberry Gold (ASX:KNB)
Large Cu-Au Target Moves Toward Drilling
Koonenberry Gold has defined multiple priority drill targets across the 4.2km Olaf’s Trend, including a 1.2km by 0.5km copper anomaly coincident with a 600m by 100m gold anomaly. Rock-chip sampling returned up to 1.37% Cu, with drill preparations underway.
Read full ASX Announcement here.
THE ENGINE ROOM
Immuron (ASX:IMC)
Immuron Secures US PROIBS Distribution Deal
Immuron has executed an exclusive US distribution agreement for PROIBS® with Calmino group AB, following its Australian launch during FY26. Calmino’s usability study involved 1,003 users, with 94% reporting PROIBS® was helpful.
Read full ASX Announcement here.
Albion Resources (ASX:ALB)
Albion Secures 27km² Gidgee Option
Albion secured an exclusive 3-month option to acquire 100% of 4 exploration licences near and adjacent to its Gidgee Gold Project, covering approximately 27km². Albion is preparing to commence its maiden Gidgee drilling campaign, with aircore drilling across regional targets and reverse circulation drilling at German Well South.
Read full ASX Announcement here.
ADX Energy (ASX:ADX)
ADX Files 517km² Sicily Channel Gas Application
ADX has submitted a third exploration permit application covering 517km² in the Sicily Channel. Together with 2 previously announced applications and its existing 346km² permit, the applications and existing permit cover approximately 1,650km².
Read full ASX Announcement here.
