The Day's Play Edition 167: GBS JV takes centre stage, VTM resource lands | NXN, MLS, BTE
THE COIN TOSS
Nexsen (ASX:NXN)
Nexsen Targets Faster GBS Commercial Pathway
Nexsen has entered a non-binding term sheet for a 50:50 joint venture with FlashDx to develop and commercialise an enhanced molecular GBS diagnostic based on FlashDx’s existing CE-marked test. Nexsen will fund and lead planned US FDA 510(k) and European CE-IVDR regulatory pathways.
Read full ASX Announcement here.
Metals Australia (ASX:MLS)
Manindi Lands 45.7Mt Titanium-Vanadium Resource
Metals Australia has established a maiden 45.7Mt Inferred VTM Mineral Resource grading 9.4% TiO₂, 0.25% V₂O₅ and 21% Fe at Manindi West. Metallurgical test work also produced TiO₂ at 99.1% purity and Fe₂O₃ at 97.9% purity, with further work planned to support development studies and larger-scale product samples.
Read full ASX Announcement here.
Botala Energy (ASX:BTE)
Early Gas Flow Accelerates Serowe Pilot
Botala’s Pitse Pilot well 3.5B has achieved continuous and steadily increasing gas flow significantly earlier than expected, with gas flowing while water remained approximately 60m above the coal seam. Dewatering is being controlled at 3–5m per day as Botala works towards a targeted commercial benchmark of more than 70GJ/day.
Read full ASX Announcement here.
Peninsula Energy (ASX:PEN)
Lance Uranium Resource Rises To 59Mlbs
Peninsula has increased the Lance Project Mineral Resource to 59.0Mlbs U₃O₈, including a 15.6% increase at the Ross Mining Area to 7.4Mlbs following Mine Unit 4 drilling. The updated Lance MRE comprises 4.3Mlbs Measured, 12.9Mlbs Indicated and 41.7Mlbs Inferred resources.
Read full ASX Announcement here.
Iltani Resources (ASX:ILT)
Exceptional Isabel Grades Set Up Fresh Drilling
Iltani’s review of historical Isabel core confirmed high-grade mineralisation, including 4.27m at 168g/t Ag, 654g/t In, 0.5% Sn, 1.1% Cu, 1.6% Pb and 30.6% Zn. Diamond drilling at Isabel and Isabel Extended is expected to commence within a week, while Union Jack drilling confirmed sulphide mineralisation ahead of DHEM.
Read full ASX Announcement here.
Memphasys (ASX:MEM)
Felix Targets Faster Route Into US IVF Market
Memphasys has identified a potential FDA 510(k) pathway for Felix™ after identifying a legally marketed device it believes may provide an appropriate predicate, replacing the previously contemplated De Novo pathway. A Pre-Submission engagement with the FDA is the next step, with a formal submission targeted for Q1 CY2027 subject to the outcome.
Read full ASX Announcement here.
Kuniko (ASX:KNI)
Silica Hill Drilling Sets Up Q4 Resource Update
Kuniko has completed 5 Phase 2 diamond holes totalling 1,492.4m at Silica Hill, taking total Commonwealth–Silica Hill drilling to 11 holes for 2,731m. Assays are expected in October 2026, with an updated Project Mineral Resource Estimate targeted for Q4 2026.
Read full ASX Announcement here.
ASX Companies currently raising money.
Capital Raises
MEK — Meeka Metals, $40M placement at $0.10; existing institutional shareholders and new domestic and international institutional investors; funds to Mt Holland acquisition deferred consideration, Turnberry underground mine, growth drilling and working capital; 424,000,000 shares
JAL — Jameson Resources, $9.73M aggregate gross proceeds from placements and ANREO; retail shareholders and sophisticated and institutional investors; funds to Crown Mountain approvals, Indigenous partnerships, offtake, working capital and offer costs; 23,352,816 New Shares under Top Up Facility
DWG — Dataworks Group, $3.0M placement at $0.12; funds to strengthen balance sheet and working capital, support government programs, commercial execution and platform and product development; 25,000,000 shares
UM1 — Unity Metals, $3.5M placement + $1M SPP at $0.15; new and existing institutional and sophisticated investors; funds to drilling, project development and working capital; 23,333,333 shares, 11,666,667 options
Microba Life Sciences (ASX:MAP)
MAP — Interim CEO appointed; Dr Luke Reid on medical leave; Geoffrey Cockerill appointed commencing 29 September 2026; former CEO of Vitura Health and ATP Science with more than 30 years of leadership experience; initial 6 month interim appointment.
Rokeby Resources (ASX:RKB)
RKB — Non Executive Director resignation; Trevor Benson resigned effective immediately; resignation forms part of the Company’s refreshed and ongoing strategy to execute its exploration and development program at the Omeo Project.