The Day's Play Edition 198: High-grade gold hit, Youanmi reaches first stope and Mt Chalmers expands | GBR, RXL, QML
Great Boulder Resources (ASX:GBR)
39.9g/t Gold Hit Confirms Golden Treasure-Jubilee Continuity
Peak Hill drilling returned 8m at 39.9g/t Au from 58m at Golden Treasure, the best intersection at the prospect on a grams-metres basis. Results confirm mineralisation continuity between Golden Treasure and Jubilee, allowing the 2 deposits to be modelled and estimated as a single resource. Golden Treasure has not previously been subject to a resource estimate, indicating potential to expand the existing 481,000oz Peak Hill resource. Additional results include 11m at 6.36g/t Au from surface at Durack. Great Boulder also holds an ore purchase agreement with Westgold, providing a low-capital pathway to production and cashflow.
Read full ASX Announcement here.
Rox Resources (ASX:RXL)
First Stope Fired and Extracted at Youanmi
Rox has successfully fired and extracted its first production stope at United North, marking a key milestone in the transition towards production at Youanmi. Underground development reached a record 647m in October, while infill drilling returned 7.42m at 9.91g/t Au and 5.50m at 15.46g/t Au. 2 significant intersections sit outside the existing mine plan and will be evaluated for potential incorporation. Processing plant construction remains on schedule towards first gold in mid-CY2027, with the ball mill delivered onsite, structural steel delivered and screening plant construction underway.
Read full ASX Announcement here.
QMines (ASX:QML)
Contracts Exchanged for 25 Land Parcels at Mt Chalmers
QMines has exchanged binding contracts to acquire 25 freehold parcels covering approximately 518 acres adjoining its Mt Chalmers Copper-Gold Project for $5.5M. The properties are earmarked for proposed processing, tailings and water infrastructure, subject to final design and approvals. The acquisition will support geotechnical investigations, engineering and Definitive Feasibility Study activities while reducing land access risks. Associated agreements facilitate 103 planned exploration holes totalling approximately 18,360m at Botos and Woods Shaft, with drilling underway at Botos.
Read full ASX Announcement here.
Gorilla Gold Mines (ASX:GG8)
High-Grade Gold Continues at Sovereign
Further drilling at Comet Vale returned 9.0m at 7.9g/t Au at Sovereign and 1.4m at 21.6g/t Au at Sovereign North. At Happy Jack, 17 RC holes were drilled, with 12 intersecting near-surface lateritic gold from surface, including 5m at 3.1g/t Au and 12m at 1.0g/t Au. The results add to the North Kalgoorlie Hub's existing 1.2Moz at 3.7g/t Au resource. Mineral Resource updates for Comet Vale, Mulwarrie and Vivien remain on track for 2026, with further drilling underway and assays pending.
Read full ASX Announcement here.
PhosCo (ASX:PHO)
Gasaat Scoping Study Delivers US$732M NPV
PhosCo's updated Gasaat Scoping Study estimates an after-tax NPV₁₀ of US$732M, a 52% IRR and a 1.66-year payback. The proposed operation targets 1.4Mtpa of phosphate concentrate over a 49-year mine life, supported by a 166.6Mt resource grading 20.6% P₂O₅. Pre-production capital is estimated at US$198.8M, with total funding requirements of approximately US$220M. PhosCo plans to progress to feasibility studies, with a potential A$7.5M EBRD equity investment available through an existing option arrangement. The Scoping Study carries ±35% accuracy and does not establish Ore Reserves.
Read full ASX Announcement here.
Midas Minerals (ASX:MM1)
Shallow Copper Intersections Reach 9.83% at Hartbeespoort
Initial drilling at Hartbeespoort, 5km south-east of Deblin in Namibia, returned 14m at 3.86% Cu from 60m, including 4m at 9.83% Cu. Other results included 7m at 2.37% Cu and 3m at 2.73% Cu, with associated gold and silver. Midas has completed 47 holes over a 3km strike, with assays pending for 39. At Spaatzu, drilling confirmed mineralisation over 600m of strike within a deposit extending more than 1.6km. Initial resource estimates for Deblin and Spaatzu, alongside an updated T-13 estimate, remain on track for Q1 CY2027.
Read full ASX Announcement here.
Zeotech (ASX:ZEO)
Toondoon Resource Increases 124% to 45.6Mt
Zeotech has increased the Toondoon Kaolin Project Mineral Resource Estimate by 124% to 45.6Mt at 31.8% Al₂O₃, up from 20.36Mt in 2025. Measured and Indicated Resources now total 36.7Mt, representing approximately 80% of the estimate. A theoretical AusPozz™ feedstock assessment identifies 29.94Mt at 34.18% Al₂O₃, an increase of 103.5% against the comparable 2025 assessment. The expanded resource provides a larger basis for evaluating the company's Kaolin DSO and AusPozz™ strategies. Updated pit optimisation, mine planning and economic evaluation remain outstanding.
Read full ASX Announcement here.
Dalaroo Metals (ASX:DAL)
Gold Intersected 1.25km Beyond Wilfred Discovery
Maiden Wilfred drilling returned 13m at 2.67g/t Au from 87m, including 6m at 4.19g/t Au, and 60m at 0.85g/t Au from 148m, approximately 1.25km from the original high-grade discovery. Results identify mineralisation across widely spaced sections, with continuity yet to be established. A 5-hole, 1,750m diamond drilling programme targeting the original discovery at depth and along strike is expected to commence within 7 days. A 35.1 line-km IP survey across Wilfred, Mag and Ali is expected to start within 2 weeks.
Read full ASX Announcement here.
Krakatoa Resources (ASX:KTA)
High-Grade Antimony and Gold Continue at Zopkhito
Further drilling at Zopkhito in Georgia returned peak individual sample grades of 16.25g/t Au and 8.27% Sb. Underground drilling confirmed gold mineralisation in Vein 19 and high-grade antimony in Vein 61, outside the existing foreign resource estimate. Surface drilling also returned gold results from Veins 6 and 33. The 2026 program aims to convert the foreign resource estimate into a JORC 2012 Mineral Resource Estimate. Drilling continues, with further assays pending, alongside ore-sorting and metallurgical testwork.
Read full ASX Announcement here.
Diablo Resources (ASX:DBO)
Silver Assays Reach 1,580g/t at Horn
Reconnaissance sampling at the Horn Project in Utah returned up to 1,580g/t Ag at Gossan. Sampling at the historic Horn Silver Mine identified antimony associated with silver mineralisation, including 1,495g/t Ag, 0.41g/t Au and 0.47% Sb. Drum Fissure samples returned up to 509g/t Ag and 3.90g/t Au in separate samples. The results are from selective rock grab samples, not drilling intersections. Follow-up mapping, target ranking and permitting are underway ahead of a maiden drilling program targeted for Q1 2027.
Read full ASX Announcement here.
Lode Resources (ASX:LDR)
Testwork Produces 99–99.5% Pure Antimony Metal
Metallurgical testwork at Montezuma in Tasmania produced antimony cathode grading 99–99.5% purity, with leaching recoveries reaching 95%. Rougher flotation upgraded the feed to 4.08% Sb at 98.2% recovery while rejecting 40.5% of the mass. The results confirm a key component of the proposed processing flowsheet and provide inputs for the Montezuma scoping study, targeted for completion by the end of Q1 2027. Discussions are advancing with potential offtake partners for an initial 100t direct shipping ore shipment. An updated resource estimate is targeted for December 2026.
Read full ASX Announcement here.
Skylark Minerals (ASX:SKM)
2 Gold Earn-Ins Expand Côte d’Ivoire Portfolio
Skylark has executed binding agreements to earn up to 97% interests in the Amie and Yaou Gold Projects. Amie hosts a historical 3km gold anomaly, with approximately 80% of the application area unexplored. Yaou lies along the Ahafo-Bibiani-Chirano gold-bearing corridor. Both projects complement the company's 1.2Moz Zaranou Project, which remains its immediate exploration priority. The earn-in agreements carry no royalties and remain subject to permit grants and regulatory approvals.