The Day's Play Edition 191: 2,860g/t gold, copper-gold growth and an A$883M study | NMG, QML, AHK
THE COIN TOSS
New Murchison Gold (ASX:NMG)
Crown Prince Drilling Intersects 2,860g/t Gold
New Murchison Gold intersected 14m at 231.67g/t Au, including 1m at 2,860g/t Au, at Crown Prince. The intersection lies outside the current Mineral Resource interpretation, beneath the final open-pit shell and near the current underground mine design. The 2,860g/t Au result is the highest-grade 1m RC sample in the company's Garden Gully drilling database. Assays are pending for 5 nearby holes, with diamond drilling planned to define the high-grade zone's orientation and plunge.
Read full ASX Announcement here.
QMines (ASX:QML)
Copper-Gold Intersection Extends Mt Chalmers Mineralisation
QMines reported 30.47m at 1.24% Cu, 0.87g/t Au, 12.2g/t Ag and 1.11% Zn beneath the historical Mt Chalmers pit, including 9.47m at 2.36% Cu and 2.14g/t Au. A separate hole returned 8.6m at 1.11% Cu to end of hole, including 1m at 6.02% Cu, leaving the full extent of mineralisation untested. The results will inform the Mineral Resource update and Definitive Feasibility Study. Further stockpile volume surveys and metallurgical testwork are planned to assess potential additional processing feed.
Read full ASX Announcement here.
Ark Mines (ASX:AHK)
Sandy Mitchell Study Models A$883M Post-Tax NPV
Ark Mines' updated Scoping Study outlines a proposed 13.0Mtpa operation over approximately 26 years, with a post-tax NPV₈ of A$883M and IRR of 29.7%, both after equipment finance. Pre-production capital is estimated at A$383.6M, including a 25% contingency. Development funding remains uncommitted, and no offtake agreements have been reached. A Pre-Feasibility Study and JORC Ore Reserve work are expected to commence immediately, alongside bulk sampling and further metallurgical testwork.
Read full ASX Announcement here.
Venari Minerals (ASX:VMS)
Red Mountain Tests Deliver 99.1% Lithium Extraction
Venari Minerals achieved 94.8%–99.1% lithium extraction using hydrochloric acid at 60°C, alongside 93.2%–98.7% strontium and 94.3%–97.7% magnesium extraction. Reagent consumption was 297–393kg/t, compared with 387–500kg/t in previous sulfuric acid tests at the same temperature. Further testwork will assess lithium product generation and the separation and recovery of strontium and magnesium into potential marketable products.
Read full ASX Announcement here.
High-Tech Metals (ASX:HTM)
Binding Agreement Establishes Mt Fisher Processing Pathway
High-Tech Metals entered into a binding Ore Purchase Agreement with Forrestania Resources covering up to 400,000 tonnes of eligible Mt Fisher gold ore over 24 months. Pricing is linked to ore grade, metallurgical recovery and the prevailing gold price, with HTM responsible for haulage and a one-off A$50,000 plant access fee. Ore deliveries remain subject to technical and economic assessment, delivery scheduling and regulatory approvals. No Ore Reserve has been estimated and no decision to mine has been made.
Read full ASX Announcement here.
Antimony Resources (ASX:ANT)
Tecomatlán Plant Advances Towards First Antimony Concentrate
Antimony Resources has advanced its Tecomatlán plant in Mexico to integrated processing and concentrate recovery, with key circuits operational. The Proof-of-Concept campaign targets approximately 200 tonnes of prepared Chinantla feed, with around 40 tonnes of low-grade test material processed and recycled during commissioning. First bulk concentrate remains outstanding, with sampling and independent assay verification planned following production to validate product quality and metallurgical performance.
Read full ASX Announcement here.
Patriot Resources (ASX:PAT)
Pachamayo Sampling Returns Silver and Base Metal Results
Patriot Resources reported up to 27.7g/t Ag and 0.30% Pb from 38 surface samples at Elvira, approximately 2km northeast of its Tassa Mineral Resource in Peru. Mapping identified a 20m × 120m opaline silica breccia with associated alteration and metal anomalism. The results indicate localized surface mineralization, with no resource defined at Elvira. Patriot's priority remains preparing for drilling at the main Tassa resource while awaiting its drill permit.
Read full ASX Announcement here.
Voltaic Strategic Resources (ASX:VSR)
Voltaic Completes Acquisition of 3 WA Gold Projects
Voltaic Strategic Resources completed its acquisition of 100% of Diamandia Pty Ltd, securing 5 granted exploration licences across the Rocky Ridge, Three Springs and Tampia West gold projects. It paid A$330,000 at completion, with up to A$2.0M in deferred consideration linked to JORC Mineral Resource milestones, taking maximum consideration to A$2.33M. Rocky Ridge contains more than 6.5km of untested gold geophysical trend. Historical exploration data reviews will guide target ranking and follow-up exploration.