The Day's Play Edition 162: Botos unlocked, maiden gold reserve established | QML, TSO, PBL
THE COIN TOSS
QMines (ASX:QML)
QMines Moves to Unlock Botos with Strategic Land Acquisition
QMines has agreed to acquire 2 strategic freehold properties over the Mt Chalmers MLA and adjacent Botos deposit for $2.388M. The acquisition materially improves land access over Botos and enables the company to progress systematic modern drilling, with a 9-hole, 1,500m Tier 1 programme already underway. QMines will assess Botos as a potential additional feed source for its planned Mt Chalmers processing hub.
Read full ASX Announcement here.
Tesoro Gold (ASX:TSO)
Tesoro Gold Establishes 1.28Moz Ternera Ore Reserve
Tesoro Gold has established a maiden Ore Reserve of 42.8Mt at 0.93g/t Au for 1.28Moz of contained gold at the Ternera deposit within the El Zorro Gold Project in Chile. The reserve is contained within a single open pit and represents approximately 87% of the 1.47Moz Measured and Indicated Mineral Resource ounces. At the planned 3.0Mtpa processing rate, the reserve supports more than 13 years of project production, with DFS work targeted for completion in CY2026.
Read full ASX Announcement here.
Parabellum Resources (ASX:PBL)
Parabellum Defines 4.8Mt Nickel-Cobalt Resource at Miandetta
Parabellum Resources has established an initial Mineral Resource Estimate of 4.8Mt at 0.77% Ni and 0.04% Co at the Miandetta prospect within the Redlands Project in NSW. The estimate contains 37kt of contained nickel and 1.9kt of contained cobalt, comprising 3.1Mt Indicated and 1.7Mt Inferred. Further work includes lateral extension and infill drilling, metallurgical testwork, density measurements and preliminary mining, geotechnical and hydrogeological studies.
Read full ASX Announcement here.
Memphasys (ASX:MEM)
Memphasys Secures A$674K Felix Distribution Agreement
Memphasys has signed a 3-year exclusive Felix distribution agreement with INVIDO LAB covering the Czech Republic, Slovakia and Kazakhstan. The agreement includes minimum contracted purchases of €416,200, equivalent to approximately A$674,000, across the initial term, increasing from approximately A$139,000 in Year 1 to approximately A$310,000 in Year 3. Felix cartridges are single-use products, while exclusivity remains subject to minimum purchase and performance requirements.
Read full ASX Announcement here.
Neu Horizon Uranium (ASX:NHU)
Neu Horizon Completes Major Swedish Uranium Campaign
Neu Horizon Uranium has completed its summer 2026 exploration campaign across its Swedish uranium portfolio, delivering more than 12,000 line km of new airborne geophysical data across Arvidsjaur, Krokom and Vilhelmina. The programme also included 2,934 RadonX radon cups, more than 100 line km of ground radiometrics, 62 rock-chip samples and the re-logging of 12 historical drill holes. The resulting datasets are now being integrated to rank drill collars for a planned maiden drilling programme in early 2027, subject to work plan approval.
Read full ASX Announcement here.
Daly Resources (ASX:DLY)
Daly Expands Huckitta Fluorite System Ahead of Drilling
Daly Resources has reported new soil and rock-chip results that expand the known Huckitta fluorite system east and west of the current priority target area. Soil sampling has identified strong fluorine-in-soil anomalism beyond known outcrop, including beneath transported cover, while new rock-chip results extend the system further west. Daly will undertake regional-scale soil geochemistry to map the broader footprint and rank targets ahead of maiden drilling.
Read full ASX Announcement here.
Caravel Minerals (ASX:CVV)
Caravel Pushes Copper DFS into Q4 CY2026
Caravel Minerals has rescheduled completion of the Caravel Copper Project DFS to Q4 CY2026 from September 2026. The additional work includes metallurgical testwork to further assess copper concentrate grade and recovery, groundwater modelling to support the hydrogeological assessment, environmental updates and further review of the process plant capital cost estimate. Following the DFS, the next phase will focus on project funding and JV partnering alongside FEED, operational readiness and environmental approvals, with FID targeted for the end of 2027.
Read full ASX Announcement here.
Sultan Resources (ASX:SLZ)
Sultan Targets 171.2km² Copper-Gold Position in Namibia
Sultan Resources has lodged an exploration licence application for the 171.2km² Kaalkop Project in Namibia's Central Damara Orogen, approximately 5km south of Kalkfeld. The application covers an area where historical exploration focused on copper, lead, zinc, tin and tungsten, with no reported historical exploration specifically targeting gold across EPL11820. Subject to the licence being granted, Sultan plans to compile historical data, undertake reconnaissance mapping and rock-chip sampling across priority granite-carbonate contacts, and progress follow-up soil geochemistry.
Read full ASX Announcement here.
