The Day's Play Edition 153: Rare earths deepen, high-grade gold emerges | PNN, LRV, GBR
THE TOP ORDER
Power Minerals (ASX:PNN)
Rare Earths Stay High-Grade to 186m
Power Minerals has confirmed continuous REO mineralisation from surface to 186m in MFSR-054, including 5m @ 4.32% TREO and 2m @ 7.85% TREO from 184m. The deepest sample received remains mineralised, with assays pending for the remaining 67.55m of the 253.55m hole. Further drilling and geological interpretation are required.
Read full ASX Announcement here.
Larvotto Resources Limited (ASX:LRV)
62.6g/t AuEq Lights Up Clarks Gully
Larvotto has returned multiple high-grade gold-antimony-tungsten intersections at Clarks Gully, including 0.5m @ 62.6g/t AuEq and 1m @ 60.4g/t AuEq. Drilling has extended mineralisation at depth and to the south, with stacked parallel zones remaining open along strike and down dip. Geological interpretation and resource modelling are underway, with assays pending for 6 further holes.
Read full ASX Announcement here.
Great Boulder Resources (ASX:GBR)
Peak Hill Delivers More High-Grade Gold
Great Boulder has returned further high-grade gold across Golden Treasure, Durack and Enigma, including 12m @ 8.56g/t Au and 10m @ 9.18g/t Au. Durack mineralisation now extends over more than 300m of strike and remains open north and at depth, with 3 rigs continuing the 40,000m program.
Read full ASX Announcement here.
Manhattan Gold Corporation (ASX:MHC)
Jaws System Extends 290m Northeast
Manhattan Gold has extended the Jaws gold-bearing system by more than 290m northeast, with gold confirmed to 223m vertical depth. Results include 15.24m @ 5.35g/t Au from 35.05m, while the expanded system now provides 588m of 2026 drill-tested strike. Further assays are pending as drilling continues.
Read full ASX Announcement here.
THE ALLROUNDERS
OD6 Metals (ASX:OD6)
Mammoth Target Expands Past 14,000m²
OD6 has expanded the Mammoth fluorspar target to 14,300m², with a mineralised breccia and stockwork system extending more than 300m by up to 100m and remaining open beneath cover. Surface sampling returned 44m @ 29% CaF2, including 12m @ 42.0%, with drilling planned to test scale and continuity.
Read full ASX Announcement here.
Impact Minerals (ASX:IPT)
US HPA Study Models A$518M NPV
Impact Minerals’ preferred US Gulf Coast development case models a post-tax NPV8 of A$518M and IRR of 42.3%, based on staged production from 2,000 to 4,000tpa. The FEL-0, AACE Class 5 study requires further pilot and demonstration testwork, product qualification, offtake development, permitting, site selection and financing.
Read full ASX Announcement here.
Corazon Mining (ASX:CZN)
40km Gold Corridor Opens New Targets
Corazon Mining has defined multiple gold target zones across more than 40km of greenstone belt north and south of Chalice. Historical drilling includes 15m @ 16.19g/t Au and 2m @ 41.31g/t Au, with the Southern Corridor prioritised for geological interpretation, geochemistry, geophysics and targeted drill testing.
Read full ASX Announcement here.
Axel REE (ASX:AXL)
95% Gallium Extraction in Leach Test
Axel REE recorded up to 95% Ga and 74% Sc extraction in preliminary bench-scale atmospheric leach testwork on a Tiger Creek composite. The best result used oxalic acid at 100g/L and 90°C for 48 hours, while further work is required to confirm reproducibility, optimise reagent consumption and assess downstream recovery and impurity removal.
Read full ASX Announcement here.
THE ENGINE ROOM
Legacy Minerals Holdings (ASX:LGM)
Mt Carrington Study Moves to Larger Scale
Legacy Minerals has commenced an Optimised Scoping Study assessing processing throughput above 1Mtpa following a 39% increase in resource tonnes to 47.9Mt. The updated resource contains 1.6Moz AuEq, with Indicated Resources up 69% to 19.3Mt. Study results are expected in the December 2026 quarter.
Read full ASX Announcement here.
Australasian Metals (ASX:A8G)
African Lithium Option Secures Entry
Australasian Metals has secured an exclusive 3-month option over the Atex and Alliance lithium-tantalum projects in Côte d’Ivoire, with potential interests of up to 75% and 51% respectively. Historical Atex drilling includes 67.97m @ 1.23% Li2O and 20.77m @ 1.65% Li2O, with due diligence planned during the option period.
Read full ASX Announcement here.
Azzuro Resources (ASX:AZ9)
9 New Oval Anomalies Set Up Drilling
Azzuro has identified 9 new anomaly trends at Oval through 3D IP interpretation and magnetic-constrained modelling, including 5 priority-1 targets. Ta-02 to Ta-05 show low-resistivity and high-chargeability responses consistent with the Oval intrusion, while further 3D IP and DHEM work will refine targets ahead of drilling.
Read full ASX Announcement here.
First Au (ASX:FAU)
Sandstone Acquisition Builds Gold Footprint
First Au has entered a binding agreement to acquire 5 tenements at the Sandstone Gold Project, including a substantial historical RC drilling database across Harmonic and Creasy. The project covers approximately 3.5km of continuous Mayard Greenstone Belt exposure, with data validation planned following completion and a maiden JORC-compliant Mineral Resource targeted.
Read full ASX Announcement here.
