The Day's Play Edition 157: Burbanks Resource Jumps 62%, Gold Targets Validate | MRT, CGR, RML
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Maritana Minerals (ASX:MRT)
Burbanks Resource Jumps 62% To 755koz
Maritana has increased the Burbanks Mineral Resource Estimate to 13.7Mt at 1.7g/t Au for 755koz, up 290koz or 62%. Burbanks North accounts for 523koz, with mineralisation defined to approximately 450m below surface and Phase 2 drilling results to feed a further resource update in January quarter 2027.
Read full ASX Announcement here.
CGN Resources (ASX:CGR)
Maiden Drilling Validates 3 Gold Targets
CGN’s maiden RC programme intersected gold across 3 of 4 principal Christmas Well targets, with Rocky Mountain Oyster returning 5m @ 2.5g/t Au from 151m including 1m @ 10.94g/t Au. The 15-hole, 2,093m programme also identified gold at Sweetbread and Lambs Fry, providing a basis for follow-up exploration.
Read full ASX Announcement here.
Resolution Minerals (ASX:RML)
Golden Gate Completes 12,236m Drill Campaign
Resolution has completed 42 diamond core holes for 12,236m at Golden Gate, with gold and tungsten assays pending from 39 holes. Previously reported drilling extended gold mineralisation at least 2,000m south to Golden Gate South, while HH-GG26-003C returned 305.7m @ 0.64g/t Au from surface including 17.25m @ 1.19g/t Au.
Read full ASX Announcement here.
Aspire Mining (ASX:AKM)
Ovoot Development Strategy Lowers Upfront Capital
Aspire reconfirmed a 130.1Mt Coal Reserve and 97.9Mt Marketable Coal Reserve at Ovoot, while the updated development strategy lowers Phase 1 pre-production capital to US$61.2m and incorporates an executed US$69.9m EPC contract. The updated model generates a post-tax NPV10 of US$1.48bn and post-tax real IRR of approximately 60%, with production targeted for Q4 2027
Read full ASX Announcement here.
ALLROUNDERS
Vulcan Energy (ASX:VUL)
Lionheart Secures Second Lithium Licence
Vulcan has secured its second lithium production licence for the Lionheart Project in Germany, covering the Landau geothermal production permit area. Lionheart is targeting 24,000tpa of lithium hydroxide monohydrate alongside 275GWh of renewable power and 560GWh of heat annually, with targeted first production remaining in 2028.
Read full ASX Announcement here.
Tivan (ASX:TVN)
Molyhil Clears Final Drilling Approvals
Tivan has secured final regulatory and cultural heritage approvals for an 8,000m development-focused drilling programme at Molyhil. The Stage 2 programme comprises approximately 50 holes across the existing resource and broader project area, generating resource, metallurgical, geotechnical and hydrogeological data for feasibility studies, approvals and development planning.
Read full ASX Announcement here.
BPM Minerals (ASX:BPM)
Bonnie & Clyde Cleared For 10,000m Drill
BPM has received final approvals for maiden RC drilling at Bonnie & Clyde, targeting a >6km gold-in-soil anomaly with several zones of >100ppb Au anomalism. The programme is planned at approximately 10,000m across 65 holes, with drilling expected to commence within 5-10 days and assays expected progressively from Q4 2026 to Q1 2027.
Read full ASX Announcement here.
Alchemy Resources (ASX:ALY)
Yellow Mountain Drilling Targets Major Copper System
Alchemy has commenced RC drilling at Yellow Mountain and Overflow, with up to 15 holes proposed across the 2 projects. Yellow Mountain drilling will test extensions to 2025 results including 113m @ 1.17% CuEq, while Overflow drilling will test high-grade gold shoots and the northern extension of its 342koz AuEq resource.
Read full ASX Announcement here.
ENGINE ROOM
Auravelle Metals (ASX:AUV)
Nuckulla Hill Discovery Drilling Gets Underway
Auravelle has commenced a c.3,500m aircore programme testing 5 new targets along the Yarlbrinda Shear Zone at Nuckulla Hill. The programme is expected to take 7-10 days with assays expected mid to late October, followed by RC drilling focused on infill and extensions at Sheoak, Sheoak East and Bimba.
Read full ASX Announcement here.
eMetals (ASX:EMT)
Mineral Range Moves Toward Maiden Drilling
eMetals has completed earthworks and logistics preparations for its maiden drilling campaign at the Mineral Range Tungsten Project in Utah. The programme comprises 17 drillholes from 5 drill pads at approximately 50-200m depth, with contractor mobilisation currently anticipated for the week commencing 28 September 2026.
