The Day's Play Edition 178: Kopsa resource jumps 86%, high grade gold hits Snook | NNL, HRN, CPM
THE COIN TOSS
Nordic Resources (ASX:NNL)
Kopsa Resource Rises 86% To 1.52Moz AuEq
Nordic Resources has increased the Kopsa Mineral Resource Estimate by 86% to 44.03Mt at 1.07g/t AuEq for 1.52Moz AuEq. The updated estimate incorporates 9,631m of drilling and includes silver for the first time, with 86% of the resource in the Measured and Indicated categories. Total resources across the company’s 3 neighbouring deposits now stand at 55.2Mt at 1.09g/t AuEq for 1.93Moz AuEq. A new 12,000m drilling programme is underway, targeting a deposit that remains open in most directions and at depth. The Kopsa mining licence has been conditionally granted, with an auxiliary mining licence application in progress.
Read full ASX Announcement here.
Horizon Gold (ASX:HRN)
Snook Returns 44m At 5.08g/t Gold
Deepest drilling to date at Snook has returned 44m at 5.08g/t Au from 145m, including 11m at 16.30g/t Au from 174m. Other results include 14m at 5.18g/t Au and 12m at 5.72g/t Au. At Cobia, drilling returned 21m at 2.08g/t Au, while Alma May returned 5m at 2.79g/t Au. The results confirm and further define the interpreted steep south plunge of high grade mineralisation beneath the Snook North and Snook South open pits. Follow up RC and diamond drilling is planned across Snook, Cobia and Alma May.
Read full ASX Announcement here.
Cooper Metals (ASX:CPM)
Cooper Secures Right To Acquire 85% Of Colet Copper Project
Cooper Metals has entered into a binding agreement for the right to acquire an 85% interest in the Colet Copper Project on Negros Island in the Philippines. The project has a historical estimate of 339Mt at 0.35% Cu for 1.19Mt of contained copper, reported under JORC 2004. This historical estimate has not been independently validated by Cooper and is not a current JORC 2012 Mineral Resource. To fund the acquisition and initial work programme, Cooper has received firm commitments for a $2.15m placement and launched a fully underwritten 1 for 4 non-renounceable entitlement issue to raise a further $2.7m. The transaction remains subject to shareholder approval.
Read full ASX Announcement here.
QMines (ASX:QML)
Copper Sulphides Intersected 180m Beyond Mt Chalmers Resource
QMines has reported an 11m interval of visually identified copper sulphides approximately 180m north northeast of the current Mt Chalmers resource and outside the 2024 pre feasibility study open pit. The observation is from drilling and is not a laboratory assay result. Grade, true width and continuity have not yet been established. Assays are expected in late October 2026.
Read full ASX Announcement here.
Kaoko Metals (ASX:KAO)
First Chalkos Assays Confirm Broad Copper Silver Intercepts
The first 2 diamond drill holes at Otniel returned broad copper silver intersections. DDOT001 intersected 37.1m at 1.23% Cu and 15.2g/t Ag from 54m down hole, including 6.62m at 3.05% Cu and 40.0g/t Ag. DDOT002 returned 48m at 1.02% Cu and 12.9g/t Ag from 46m, including 28.65m at 1.40% Cu and 17.3g/t Ag. These are down hole lengths, and true widths have not yet been established. Drilling continues at Otniel, a second diamond rig is operating at Donkey Hill, and assays from remaining completed holes are being expedited.
Read full ASX Announcement here.
Caspin Resources (ASX:CPN)
Kelpie Tin Resource Grows 45% To 28kt Contained Tin
Caspin Resources has increased the Kelpie Deposit Mineral Resource Estimate by 45% to 6.5Mt at 0.43% Sn for 28kt of contained tin. The JORC 2012 estimate comprises 1.4Mt at 0.47% Sn for 7kt in the Indicated category and 5.1Mt at 0.41% Sn for 21kt in the Inferred category. The estimate is entirely contained within an optimised open pit shell and remains limited by drilling. Further growth potential includes a near surface drilling gap between Dumbrell’s and Errol’s lodes, while recent diamond drilling indicates mineralisation continues down plunge.
Read full ASX Announcement here.
Midas Minerals (ASX:MM1)
Spaatzu Extends Copper Silver Mineralisation To 1.5km Strike
Midas Minerals reported 51m at 0.82% Cu and 19.5g/t Ag from 80m at Spaatzu, including 11m at 1.52% Cu and 37.7g/t Ag. A second hole returned 22m at 1.34% Cu and 36.8g/t Ag from 88m. Spaatzu mineralisation has been drill tested over 1.5km of strike, with assays pending for 19 holes across a further 240m of strike. Initial Mineral Resource Estimates for Spaatzu and Deblin, alongside an updated T-13 resource, are expected in Q1 CY2027.
Read full ASX Announcement here.
Athena Resources (ASX:AHN)
Narryer Tests Deliver 69.70% Iron Concentrate Grade
Drilling at Narryer Main returned several broad magnetite intersections, including 44m at 31.79% Fe from 109m and 40m at 30.78% Fe from 28m. The first hole at the Narryer Southwest target returned 31m at 32.74% Fe from 55m. Davis Tube Recovery test work produced a weighted average concentrate grade of 67.44% Fe at 33.48% mass recovery at Narryer Main, and 69.70% Fe at 40.38% mass recovery at Southwest. Geological modelling and validation for a maiden Mineral Resource Estimate are underway, with completion targeted for December 2026.
Read full ASX Announcement here.
MB Gold (ASX:MBG)
Razorback Returns Project Best Gram Metre Intercept
Drilling at Razorback returned 9m at 4.03g/t Au from 60m, including 3m at 10g/t Au. The company described this as the best gram metre intercept recorded to date at the Marble Bar Gold Project. Phase 2 RC drilling comprised 31 holes for 4,308m, with results returned for approximately half of the programme. A 2,000m diamond drilling programme is scheduled to start in November, with assays expected in Q1 2027.
Read full ASX Announcement here.
TechGen Metals (ASX:TG1)
TechGen Signs Binding Agreement To Divest Ida Valley Gold Project
TechGen Metals has signed a binding agreement to divest 100% of the Ida Valley Gold Project to First Au (ASX:FAU). Consideration includes a $100,000 cash exclusivity fee and a further $100,000 in First Au shares. Completion is conditional on the buyer notifying TechGen within 10 business days that it is satisfied with due diligence, as well as obtaining the required shareholder approval within 90 days.
Read full ASX Announcement here.
Larvotto Resources (ASX:LRV)
High Grade Drilling Delivers New Echidna Lode Discovery
Drilling at Blacklode returned 20.5m at 9.4g/t AuEq from 342.5m, including 6.2m at 27.2g/t AuEq from 342.5m. At Midas Gully, results included 20m at 6.7g/t AuEq from 218m, including 8m at 11.8g/t AuEq from 220m. At Echidna, drilling returned 11.2m at 6.7g/t AuEq from 63m, including 3.2m at 17.5g/t AuEq from 71m. Four diamond rigs are operating across the Metz area, with assays pending for 17 holes. The company is advancing towards a maiden Midas Mineral Resource Estimate.
Read full ASX Announcement here.
Kali Metals (ASX:KM1)
Kali Identifies 9 New Gold Targets At Marble Bar
Kali Metals has identified 9 gold target areas across approximately 118km² at its Marble Bar project. Phase III fieldwork is scheduled for mid October and is expected to run for approximately 10 days, focusing on mapping, ground truthing and sampling. The programme includes Warrawoona Group volcanic rocks on the project’s western margin, which are being explored for the first time by the company. Hyperspectral survey data is being integrated into targeting, while heritage surveys are ongoing.