The Day's Play Edition 193: High-grade copper, gold discovery and mine-plan progress | CHN, SLS, MM8
THE COIN TOSS
Chalice Mining (ASX:CHN)
Kestrel Discovery Delivers 56.7g/t Gold in First Drilling
Chalice Mining has made a new high-grade copper-gold discovery at its 100%-owned Kestrel Prospect within the Warrego North Project in the Northern Territory. First-pass drilling intersected mineralisation over approximately 500m of strike, led by 15m @ 8.56g/t Au and 0.54% Cu from 78m, including 2m @ 56.7g/t Au and 0.88% Cu from 81m. All 6 holes intersected copper mineralisation, with the system remaining open in all directions. Check assays on the highest-grade gold sample are pending, with a ground gravity survey planned in the coming weeks to guide follow-up drilling. Chalice held $53M in cash and liquid investments at 30 September 2026.
Read full ASX Announcement here.
Solstice Minerals (ASX:SLS)
Nanadie Delivers 10m at 9.40% Copper
Solstice Minerals has reported high-grade copper-gold results from its 100%-owned Nanadie Project in WA. Hole NANRC067 returned 10m @ 9.40% Cu, 2.13g/t Au and 23.4g/t Ag from 44m, within a broader 41m @ 2.79% Cu and 0.70g/t Au from 19m. The shallow intersection lies in the transitional zone between oxide and fresh rock, where potential chalcocite enrichment is being investigated through mineralogical and metallurgical testwork. Further infill drilling will define the extent of the high-grade zone ahead of a targeted Mineral Resource re-estimation in H1 2027. Assays remain pending from 14 diamond holes and more than 50 RC holes.
Read full ASX Announcement here.
Medallion Metals (ASX:MM8)
Gem Drilling Supports First-Year Mine Plan
Medallion Metals has completed 2026 infill drilling at Gem, with results broadly confirming the geological interpretation across areas targeted for the first 12 months of underground mining. Key results included 2m @ 21.3g/t Au and 0.8% Cu from 58m, and 3m @ 17.8g/t Au and 0.3% Cu from 66m. The 22-hole, 3,093m program improves lode definition for mine design and scheduling. Ravensthorpe development remains on schedule, with box-cut excavation 55% complete and first underground ore expected in Q2 2027.
Read full ASX Announcement here.
Australian Oil Company (ASX:AOK)
Riverslea Offtake Secures Path to Production Restart
Australian Oil Company has signed a 24-month oil sales agreement with IOR Energy for crude oil and condensate from the Riverslea Oil Field, securing Brent-linked pricing and completing the final commercial step ahead of production restart. On-ground works are underway, with completion targeted by year-end 2026. Riverslea-3 will restart initially through free flow, followed by Riverslea-1 using hydraulic pumping
Read full ASX Announcement here.
Jacaranda Natural Resources (ASX:JRL)
Motloutse Rock Chips Hit 2.0% Copper
Jacaranda Natural Resources has reported copper grades of up to 2.0% Cu from 23 rock chip samples at its 228km² Motloutse Project in Botswana, with 12 samples exceeding 1% Cu. At the newly identified Tlou trend, 8 of 12 samples exceeded 1% Cu across approximately 50m of mapped strike. Maiden drilling is targeted for December 2026 to February 2027, subject to approvals and completion of phase one drilling at Globe. Rock chip samples are selective and do not establish mineralisation continuity at depth.
Read full ASX Announcement here.
Terrain Minerals (ASX:TMX)
Terrain Secures 15km² Ground Beside Rothsay Gold Mine
Terrain Minerals has been granted 100%-owned E59/3006, covering approximately 15km² immediately south of Vault Minerals' Rothsay Gold Mine and 10km from its Lightning Gold-Silver Deposit. The underexplored tenement is prospective for gold and lithium, with historical exploration yet to systematically test either commodity. Initial work will involve reprocessing aeromagnetic and radiometric data, followed by targeted rock-chip sampling for gold, lithium and other elements, with no ground disturbance planned.
Read full ASX Announcement here.
Gold Hydrogen (ASX:GHY)
Ramsay Modelling Points to 100kg/Day Hydrogen Potential
Gold Hydrogen has completed its 2026 Ramsay flow test campaign, with natural hydrogen flowed to surface and separated during appraisal testing at Ramsay 3. Engineering modelling indicates potential production of up to 112kg of hydrogen per day from a future 500m horizontal development well, with concentrations reaching 97% during drilling. Results will feed into the green methanol feasibility assessment with Mitsubishi Gas Chemical, targeted for Q1 2027. Sustainable production rates and commercial viability remain subject to further testing and technical assessment.
Read full ASX Announcement here.
Falcon Metals (ASX:FAL)
Olsen Drilling Hits Second Gold Zone 240m East
Falcon Metals has reported a second significant bedrock gold intercept at Olsen Well, with OWRC0007 returning 16m @ 2.2g/t Au from 8m, including 4m @ 6.9g/t Au from 20m. Located 240m east of the initial discovery hole, the result strengthens evidence that the 5.8km surface anomaly reflects underlying bedrock mineralisation. The drilling program has expanded to 7,500m, with assays pending for 36 completed holes.
Read full ASX Announcement here.
PDI Gold (ASX:PDI)
PDI Commits A$5.1M for 9.9% Skylark Stake
PDI Gold has agreed to invest A$5.1M for a 9.9% stake in Côte d’Ivoire explorer Skylark Minerals through its A$20M placement at A$0.24 per share. Skylark will use the proceeds to increase its interest in the 1.2Moz Zaranou Gold Project from 51% to 90%, alongside resource growth and regional exploration. PDI's investment will be completed in 2 tranches: approximately 9.3M shares for A$2.2M, scheduled for 6 November, and 11.9M shares for A$2.9M, subject to shareholder approval and targeted for early December. The investment will be funded from existing cash reserves, with Bankan Gold Project funding requirements unaffected.
Read full ASX Announcement here.
INOVIQ (ASX:IIQ)
Sonic Healthcare to Validate INOVIQ's Ovarian Cancer Test
INOVIQ has signed a Validation and License Option Agreement with Sonic Healthcare USA to optimise and validate its EXO-OC ovarian cancer test at Sonic's CAP/CLIA-certified New York laboratory. Updated algorithm results showed 92.3% stage I/II and 92.5% all-stage sensitivity at 98% specificity across a 498-sample retrospective study. Sonic also holds a non-exclusive option to pursue a future US licence, subject to successful validation and further commercial discussions. The validation programme is expected to take 12–18 months, targeting early CY2028.
Read full ASX Announcement here.
Evolution Energy Minerals (ASX:EV1)
Chikundo Chalcopyrite Trend Spans 800m
Evolution Energy Minerals has logged chalcopyrite in 5 consecutive RC holes spanning approximately 800m at its Chikundo Copper Project in Tanzania. The westernmost hole, CHRC26-006, returned 2 mineralised intervals, including a deeper 6m zone from 64m to 70m. The results extend visual evidence of copper sulphide mineralisation west of the historic Malachite Pit. The first 590 samples are being sent to ALS Johannesburg for 51-element analysis, with 3 priority holes remaining. No assay grades have been reported and true widths remain unknown.
Read full ASX Announcement here.
Nexsen (ASX:NXN)
ISO 13485 Certification Advances StrepSure Towards Launch
Nexsen has secured ISO 13485:2016 certification for the quality management system covering the design, development and manufacture of its StrepSure Group B Streptococcus diagnostic. The certified system meets MDSAP requirements, supporting its FDA submission pathway and planned Asia-Pacific launch, with Hong Kong as the initial commercial entry point. The quality framework can also support other diagnostic products in Nexsen's pipeline.