The Day's Play Edition 186: RECCE 327 secures Arrotex deal, Power hits 50m at 9.0% TREO | RCE, PNN, AIS
THE COIN TOSS
Recce Pharmaceuticals (ASX:RCE)
Arrotex Agreement Establishes Commercialisation Pathway for RECCE 327 Gel
Recce Pharmaceuticals signed a binding exclusive licensing and commercialisation agreement with Arrotex Pharmaceuticals for RECCE 327 topical gel in Australia and New Zealand, covering diabetic foot infections and acute bacterial skin and skin structure infections. Recce will retain manufacturing and exclusive supply responsibilities, receiving a share of gross margin from product sales, calculated as net sales less Recce’s cost of goods, and paid quarterly. Arrotex will bear local commercialisation costs, including regulatory filings, reimbursement submissions and sales and marketing. The agreement includes no upfront or milestone payments. RECCE 327 gel remains in Phase 3 clinical development for diabetic foot infections, and commercial availability is subject to successful clinical development and regulatory approval.
Read full ASX Announcement here.
Power Minerals (ASX:PNN)
50m at 9.0% TREO From Surface at Morro do Ferro
Power Minerals reported further high-grade rare earth oxide (REO) mineralisation from drilling at its Morro do Ferro Project in Brazil. Drillhole MFSR-054 returned 88m at 6.33% total rare earth oxides (TREO) from surface, including 50m at 9.0% TREO and 1.56% magnet rare earth oxides (MREO). Deeper intersections included 93m at 1.06% TREO from 88m, 9m at 2.78% TREO from 181m and 19.8m at 1.38% TREO from 222.2m, including 2m at 6.88% TREO from 240m. Drilling is continuing, with further drilling and geological and mineralogical analysis planned to delineate the deeper mineralised zones and support a planned maiden JORC Mineral Resource Estimate.
Read full ASX Announcement here.
Aeris Resources (ASX:AIS)
Golden Plateau Resource Increases 220% to 200koz Gold
Aeris Resources increased the Golden Plateau Mineral Resource Estimate at its Cracow operations in Queensland to 3.0Mt at 2.1g/t gold and 8g/t silver, containing 200koz of gold and 750koz of silver. Contained gold increased by 220% from 63koz, with Measured and Indicated resources accounting for 50% of contained gold. The updated estimate incorporates a geological review, validation of historical drilling and 88 new drillholes totalling 16,204m. A further 15,000m of drilling is planned for FY27 to test extensions and improve resource confidence. Detailed mine-design work will assess potential open-pit and underground operations to supply the Cracow processing plant, with permitting activities underway and expected to be completed in FY28.
Read full ASX Announcement here.
Kingston Resources (ASX:KSN)
High-Grade Copper-Gold Intersection Returns 11.92% CuEq
Kingston Resources reported a high-grade intersection from northern extension drilling at the Southern Ore Zone (SOZ) at its Mineral Hill project in NSW. Hole KSNDDH105 returned 3.00m at 4.73% copper, 6.08g/t gold and 16g/t silver (11.92% CuEq) from 119m, including 1.00m at 8.71% copper, 9.90g/t gold and 30g/t silver. Drilling intersected the interpreted positions of the D, G and H lodes, while additional high-grade results included 5.00m at 1.55% copper and 3.62g/t gold (5.77% CuEq) in KSNDDH090. Mineralisation remains open to the north, with further step-out assays pending. Results will inform an updated SOZ Mineral Resource Estimate targeted for the March quarter of 2027, supporting subsequent mine planning and potential Ore Reserve conversion.
Read full ASX Announcement here.
Tambourah Metals (ASX:TMB)
Baxters South Drilling Returns Up to 146.5g/t Gold
Tambourah Metals reported high-grade gold intersections from a 7-hole reverse circulation drilling program at Baxters South within its Bryah Gold Project in Western Australia. Hole BXRC26002 returned 4m at 41.7g/t gold from 55m, including 1m at 146.5g/t. BXRC26001 returned 6m at 9.5g/t gold from 64m, including 1m at 29.8g/t, and a further 3m at 35.5g/t gold from 169m in fresh rock, including 1m at 73.2g/t. The deeper intersection confirms primary gold mineralisation in fresh rock, representing a new discovery with its structural orientation yet to be determined. Follow-up work will target the extent of the shallow supergene mineralisation and investigate deeper bedrock targets, with further drilling required to establish the geometry and continuity of mineralisation.
Read full ASX Announcement here.
American Uranium (ASX:AMU)
Lo Herma Aquifer Test Supports ISR Development Studies
American Uranium completed a 48-hour aquifer test at proposed Mine Unit 1 of its Lo Herma ISR uranium project in Wyoming. The pumping well sustained 19.2 gallons per minute, limited by pump capacity, with drawdown stabilising at 16.9 feet. All 4 production-zone observation wells responded, while the overlying A Coal showed no pumping-related response and the underlying sand recorded 0.2 feet of drawdown. Results support aquifer confinement at the test location and provide hydrogeological inputs for the planned Scoping Study. Further testing, groundwater monitoring and modelling will inform wellfield design and future permitting.
Read full ASX Announcement here.
AXP Energy (ASX:AXP)
Edwards Gas-to-Power Operations Record More Than 95% Uptime
AXP Energy reported more than 95% uptime for its Edwards Lease gas-to-power generator and third-party data-mining equipment over the 30 days ended 19 October 2026. The company has a conditional agreement to acquire 7 previously producing wells and associated infrastructure across approximately 400 acres adjoining the lease, with rights issue proceeds intended to fund completion. Recompletion planning is underway, with work expected to commence in November 2026, subject to acquisition completion, funding, contractor and equipment availability, and approvals. Any expansion of gas-to-power operations depends on successful recompletions and sufficient gas volumes, quality and pressure.
Read full ASX Announcement here.
Rokeby Resources (ASX:RKB)
Maiden Maude Tailings Resource Estimates 6,100oz Gold
Rokeby Resources reported a maiden inferred JORC Mineral Resource Estimate for the Maude tailings stockpile at its Mt Wills Gold Project in Victoria, comprising 84,000t at 2.26g/t gold for 6,100oz. The estimate contributes to a combined 17,497oz surface resource inventory across 2 of 4 identified stockpiles. Further auger drilling, density measurements and metallurgical test work are planned to improve resource confidence and assess an early production pathway. The resource remains classified as Inferred due to uncertainty in historical sampling data and quality assurance and quality control.
Read full ASX Announcement here.
Prominence Energy (ASX:PRM)
Maiden Northern Hinge Prospective Resources Include 4Tcf Natural Hydrogen
Prominence Energy reported maiden gross unrisked 2U Prospective Resources of 4.001Tscf natural hydrogen, 101.8Bscf helium and 320Bscf petroleum gas across 28 leads in South Australia. Seabrook accounts for 761Bscf hydrogen and 21.7Bscf helium. RISC Advisory accepted the assessment methodology and inputs as reasonable, while noting potentially optimistic trap and seal risk assumptions. The estimates relate to undiscovered accumulations, and 4 exploration permit applications remain subject to government approval. Drilling is targeted for mid-2027, with updated engineering, cost assessments and farm-out discussions planned.
Read full ASX Announcement here.
Tarrina Resources (ASX:TR8)
Walparuta IP Survey Identifies 4–5km Copper-Gold Target System
Tarrina Resources reported induced polarisation (IP) survey results at Walparuta, with 8 of 9 survey lines containing strong, discrete chargeability anomalies interpreted as sulphide-related. The anomalies extend across a 4–5km strike corridor, with data covering depths of 350–500m. Ten anomalies exceeded 42mV/V, with several above 70mV/V, correlating with copper-gold soil anomalies and magnetic and gravity targets. Integrated geophysical data will guide target refinement ahead of maiden discovery drilling, subject to required approvals and heritage clearances.
Read full ASX Announcement here.
Tyranna Resources (ASX:TYX)
Sulima West Sampling Returns Up to 10.8% TREO
Tyranna Resources reported encouraging rare earth results at Sulima West within its Coola Project in Angola. Historical trench samples returned up to 10.6% total rare earth oxides (TREO), while soil sampling returned up to 10.8% TREO. The soil anomaly extends 900m and remains open to the north. Further soil and rock sample results are pending, with drilling at Coola and Sulima West anticipated in Q2 2027, subject to wet-season conditions.
Read full ASX Announcement here.
Orpheus Uranium (ASX:ORP)
Frome Drilling Defines Two Uranium Redox Corridors
Orpheus Uranium completed an inaugural 18-hole, 3,600m drilling program at its Erudina Uranium Prospect in South Australia. Downhole geophysical logging was completed in 16 holes, with 9 recording peak results above 100 ppm equivalent uranium oxide (eU₃O₈), including 2 above 400 ppm. The program refined 4 prospective areas, including the Siccus East and Siccus West redox corridors, which extend at least 2.2km along strike. The results support targeted follow-up drilling to test for uranium mineralisation, with further programs being planned and timing yet to be determined.