The Day's Play Edition 165: Mt Ida resource jumps 56%, Kuro hits 41.1% Mn | BM1, TKM, QML
THE COIN TOSS
Ballard Mining (ASX:BM1)
Mt Ida Resource Jumps 56% to 1.84 Moz
Ballard increased Mt Ida’s global MRE by 658 koz (56%) to 20.4 Mt @ 2.8 g/t Au for 1.84 Moz. Baldock increased 35% to 12.2 Mt @ 3.5 g/t for 1.36 Moz, with the Mt Ida Feasibility Study and Reserve Estimation targeted for mid CY2027.
Read full ASX Announcement here.
Trek Metals (ASX:TKM)
Kuro Drilling Delivers 41.1% Manganese Intercept
Trek reported 38 of 72 Phase 1 Kuro holes returned significant manganese intercepts above 5% Mn, including 19 holes with intercepts above 20% Mn. Results included 7m @ 32.3% Mn and 3m @ 41.1% Mn, while Phase 2 drilling is complete with assays expected over 6-8 weeks.
Read full ASX Announcement here.
QMines (ASX:QML)
Mt Chalmers Returns Multiple High-Grade Intercepts
QMines returned 44m @ 1.03% Cu from 103m at Mt Chalmers, including 10m @ 2.20% Cu and 2m @ 5.52% Cu. Further results included 1.5m @ 11.73% Zn, 6.85% Pb, 1.35% Cu, 7.11g/t Au and 60.6g/t Ag, with assays pending on 19 holes for 2,314m.
Read full ASX Announcement here.
Dundas Minerals (ASX:DUN)
Rockland Drilling Extends Mineralised Shoots to 170m
Dundas intersected 12m @ 1.25 g/t Au from 168m, including 4m @ 2.18 g/t, plus 4m @ 4.87 g/t from 200m at Rockland. The new intercepts extend interpreted mineralised shoots to approximately 170m vertically below surface, with mineralisation remaining open down dip and drilling continuing.
Read full ASX Announcement here.
Actinogen Medical (ASX:ACW)
XanaMIA Trial Completes Final Patient Visit
Actinogen has completed the final patient visit in its 247-participant XanaMIA Phase 2b/3 Alzheimer’s disease trial. The company confirmed topline final results remain on track for November 2026 following the 36-week, double-blind, placebo-controlled study of Xanamem 10 mg versus placebo.
Read full ASX Announcement here.
Patronus Resources (ASX:PTN)
Pine Creek Drilling Hits Gold at 2 Targets
Patronus reported 44m @ 0.76 g/t Au from 96m at Hydra, with the hole ending in mineralisation, alongside 3m @ 1.78 g/t Au from 27m. Grove Hill also returned 3m @ 2.37 g/t Au from 15m, with further assays from both areas expected in Q4.
Read full ASX Announcement here.
Cosmo Metals (ASX:CMO)
Mona Drilling Secured for High-Grade Cu-Au-Ag Target
Cosmo has secured a drilling contractor for the first drilling program at the Mona Cu-Au-Ag prospect in NSW. Up to 8 RC holes for approximately 2,200m will test beneath and along strike of historic workings, following mine dump results of up to 4.93% Cu, 11.65g/t Au and 204g/t Ag.
Read full ASX Announcement here.
PMET Resources (ASX:PMT)
Caesium Testwork Demonstrates Multiple Product Pathways
PMET completed Phase 2 bench-scale testwork with Koch Technology Solutions, demonstrating a pathway to produce multiple caesium products from Shaakichiuwaanaan pollucite concentrate. Follow-up work is being designed to include marketable samples, while a Preliminary Economic Assessment incorporating a potential caesium credit is targeted for Q4 2026.
Read full ASX Announcement here.
Critical Resources (ASX:CRR)
CRR Secures Exclusivity for 164km² Gold Project
Critical Resources secured exclusivity to acquire a 90% interest in the Gonini Gold Project, comprising approximately 164km² of granted exploitation rights across 2 tenements in Suriname’s Sara Creek district. The company plans data compilation, field mapping, sampling and target generation ahead of drilling.
Read full ASX Announcement here.
Minerals Exploration (ASX:MEX)
Jubilee South Drilling Defines Broad Gold Envelope
Minerals Exploration reported gold mineralisation in all 4 holes from its 633.5m Jubilee South diamond drilling program, including 80.3m @ 0.30g/t Au and 22.7m @ 0.35g/t Au. Mapping at Joe’s Track also returned assays up to 32.5g/t Au, with an independent review underway.
Read full ASX Announcement here.
Leeuwin Metals (ASX:LM1)
Marda Tailings Return Gold Across All 10 Samples
Leeuwin’s maiden auger program returned gold from all 10 tested Marda Central tailings samples, averaging 0.60 g/t Au with a peak of 0.91 g/t Au. A 3D UAV Lidar scan estimates approximately 12,000m³ of tailings at surface, with further sampling and metallurgical test work required.
Read full ASX Announcement here.
Perpetual Resources (ASX:PEC)
Nevada Scheelite Adds 1,272 Acres of Claims
Perpetual completed staking of 62 new lode mining claims around its Nevada Scheelite Tungsten Project, adding 1,272 acres and expanding the original patented claim area by more than 15 times. 3D geological modelling and soil geochemistry are planned ahead of maiden drilling targeted for late CY2026, subject to permitting and rig availability.