The Day's Play Edition 183: Zaranou adds 831koz, Mt Henry hits 122.7g/t gold and Morro do Ferro delivers 40.5% TREO | SKM, SGC, PNN
THE COIN TOSS
Skylark Minerals (ASX:SKM)
Zaranou Gold Resource More Than Triples to 1.20Moz
Skylark Minerals has increased the Inferred Mineral Resource at its Zaranou Gold Project in Côte d’Ivoire to 29.0Mt at 1.28g/t Au for 1.20Moz, up approximately 831koz following 85 RC holes for 15,888m at M’Basso. A revised binding agreement would increase its project interest from 51% to 90% for US$1.2 million, subject to completion of the revised earn-in arrangements. Further drilling will target M’Basso, Coffee Bean and Ehuasso.
Read full ASX Announcement here.
Sinclair Gold (ASX:SGC)
Mt Henry Drilling Extends Gold Beyond Resource Boundary
Sinclair Gold has reported 5.4m at 15.4g/t Au from 193.0m at Mt Henry in Western Australia, including 0.4m at 122.7g/t Au. Mineralisation extends up to 230m beyond the northern Resource boundary, while a separate hole 250m south returned 6.0m at 5.0g/t Au. The Mt Henry deposit hosts approximately 0.9Moz within the project’s 1.8Moz Resource, with 5 rigs drilling across Mt Henry and Selene and assays pending from 30 holes.
Read full ASX Announcement here.
Power Minerals (ASX:PNN)
Morro do Ferro Drillhole Returns 40.5% TREO Sample
Power Minerals has reported its highest-grade individual TREO sample to date at Morro do Ferro in Brazil, with MFSR-057 returning 1.2m at 40.5% TREO and 7.73% MREO from 42m. The hole also intersected 111m at 8.25% TREO from surface, including 51m at 15.42% TREO from 24m. The results extend mineralisation between section lines and support a potential maiden Mineral Resource estimate. Drilling continues, with results pending from the lower portions of MFSR-053 and MFSR-054.
Read full ASX Announcement here.
QMines (ASX:QML)
Mt Chalmers Drilling Intersects 9.1% CuEq
QMines has reported 26.2m at 2.0% CuEq beneath the historic Mt Chalmers open pit in Queensland, including 2.4m at 9.1% CuEq. A second hole returned 7.6m at 3.2% CuEq, while another intersected 13.0m at 1.5% CuEq before being abandoned at 63.0m due to mechanical issues while still in copper-zinc mineralisation. The results will inform the upcoming Mineral Resource update and geometallurgical testwork, with further assays pending.
Read full ASX Announcement here.
Barkly Rare Earths (ASX:BAK)
Barkly Drilling Extends Rare Earths 6–8km Northwest
Barkly Rare Earths has reported significant rare earth intercepts in 13 of 16 additional holes at its Northern Territory project, including 5 of 8 northwestern holes 6–8km from previously reported results. The highest-grade new individual sample returned 4,550ppm TREO over 0.5m. Significant intercepts have now been reported in 56 of 60 holes, with mineralisation intersected in holes up to 23km apart. Results from a further 26 holes are expected through Q4 2026.
Read full ASX Announcement here.
Falcon Metals (ASX:FAL)
First Errabiddy Hole Intersects 12m at 2.8g/t Gold
Falcon Metals has reported 12m at 2.8g/t Au from surface in the first RC hole at Olsen Well within its Errabiddy Gold Project, including 4m at 4.7g/t Au. The result identifies bedrock gold mineralisation beneath a soil and rock-chip anomaly extending over 5.8km. Falcon has expanded the programme to 7,000m, with assays pending from 30 completed holes. The reported interval was sampled using 4m composites, with 1m splits to be submitted for assaying.
Read full ASX Announcement here.
Flynn Gold (ASX:FG1)
Firetower Drilling Extends Gold and Tungsten Mineralisation
Flynn Gold has reported 12.95m at 2.24g/t Au, 0.46% WO₃, 0.18% Cu, 0.23% Co and 7.22g/t Ag at its 100%-owned Firetower Project in Tasmania. The interval includes 2.58m at 4.56g/t Au and 0.92% WO₃, while a separate 0.73m interval returned 11.95g/t Au and 2.29% WO₃. The revised geological model identifies 2 structural trends hosting gold and polymetallic mineralisation. Metallurgical testwork is the next step ahead of a maiden Mineral Resource Estimate.
Read full ASX Announcement here.
Accelerate Resources (ASX:AX8)
Faris Rock Chips Return Up to 59.6% Manganese
Accelerate Resources has reported 53.9% to 59.6% Mn rock-chip grades across 4 sample sites at Faris, within its Woodie Woodie North Manganese Project in Western Australia. At the newly identified Sea Turtle prospect, 2 outcrops returned up to 31.4% Mn within a 650m by 400m alteration system that has not been drill tested. Both prospects lie along an underexplored 12km corridor. Discovery drilling at Gingarrigan was expected to commence in the coming days, with further mapping and sampling planned at Faris and Sea Turtle.
Read full ASX Announcement here.
Nordic Resources (ASX:NNL)
Nordic Adds Fourth Finnish Gold Project With 43.7g/t Surface Sample
Nordic Resources has agreed to acquire a 100% interest in the Jukulainen gold project in central Finland, adding a fourth project to its Middle Ostrobothnia portfolio. Historical assays from 25 verified rock-chip samples returned up to 43.7g/t Au, with mineralisation sampled over approximately 80m of strike along a known shear zone. The project area covers 4km of strike identified by regional magnetic surveys, while Nordic’s existing resources total 1.93Moz AuEq across 3 neighbouring deposits. Jukulainen has not been drilled, and the acquisition relates to an exploration licence application; mapping, geophysics and further sampling are planned.
Read full ASX Announcement here.
West Cobar Metals (ASX:WC1)
Salazar Tests Show 6-Hour Leach Limits Aluminium Dissolution
West Cobar Metals has reported preliminary scandium leach testwork at Salazar, where a test using 50 g/L sulfuric acid at 80°C showed that extending leach time from 6 to 24 hours increased scandium extraction by 1%, while aluminium concentration in solution increased by 94%. The results suggest shorter leach times may limit aluminium dissolution while maintaining similar scandium extraction under the tested conditions. Solid assays and metal balances remain outstanding. Further ANSTO testwork and the ongoing ALS beneficiation programme will inform an integrated processing flowsheet.
Read full ASX Announcement here.
Algorae Pharmaceuticals (ASX:1AI)
Algorae Executes Binding Licence and Supply Agreement With Umedica
Algorae Pharmaceuticals, through AlgoraeRx, has signed a binding Licence & Supply Agreement and a separate non-binding MOU with Umedica Laboratories for Australia. Under the binding agreement, Umedica will license its dossier and know-how and supply a product for AlgoraeRx to register and commercialise under its own brand; the dossier has been submitted to the TGA for approval. The non-binding MOU appoints AlgoraeRx as Umedica’s exclusive importer, distributor and commercial partner across 8 molecules, specifically for Umedica-branded sponsored products. Financial terms of the binding agreement are commercial-in-confidence.
Read full ASX Announcement here.
Terrain Minerals (ASX:TMX)
Smokebush Drilling Campaign Targets 86 Holes Across 10,905m
Terrain Minerals has announced an 86-hole, 10,905m RC drilling campaign at its 100%-owned Smokebush Project in Western Australia. The programme comprises 54 resource infill and extension holes for 5,735m and 32 exploration holes for 5,170m, targeting the upper 150m of the Lightning and Monza structures and advanced IP and soil targets. The objectives include expanding the Lightning Mineral Resource and supporting a resource classification upgrade. Approximately 12 additional holes targeting newly identified tungsten mineralisation may be added subject to approvals; the drill rig and crew were expected on site later that week.