The Day's Play | July 1 | Peak Hill acquisition, shallow gold growth and tungsten
THE COIN TOSS
GBR - Great Boulder Resources completed the Peak Hill Gold Project acquisition and prepared to commence a 40,000m RC and diamond drilling program across the 481,000oz gold project.
DKM - Duketon Mining extended shallow gold mineralisation across the Gromit, Odie and Astro prospects, with all three systems remaining open in multiple directions.
RMX - Red Mountain Mining confirmed tungsten skarn mineralisation at Pioneer after rock chip sampling returned assays up to 0.32% WO₃ across the Greenstone and Mammoth prospects.
TMX - Terrain Minerals confirmed a broad clay hosted rare earth system at Lort River after 25 of 35 air core holes returned TREO mineralisation.
WC1 - West Cobar Metals identified multiple new fluorite targets after spectral analysis outlined a 3km prospective corridor at the Baxter Project in Nevada.
GRL - Godolphin Resources identified a talc pre flotation pathway after mineralogical modelling indicated lead concentrate grade could increase from approximately 33% to more than 60%.
49M - 49 Metals extended gold mineralisation within an interpreted feeder structure at Gold Mountain after drilling returned 6.1m @ 5.0g/t Au within 15.2m @ 2.4g/t Au.
OD6 - OD6 Metals identified multiple new high priority drill targets after soil geochemistry outlined a fluorine anomaly extending more than 8km across the Quinn Project.
MRR - Minrex Resources completed 12 infill diamond drill holes at Barje and commenced metallurgical testwork for the Tlamino Gold Project.
BUX - Buxton Resources commenced maiden drilling at the 100% owned Madman Project to test a discrete magnetic anomaly interpreted approximately 220m below surface.
AOK - Australian Oil Company commenced Phase 1 Surat Basin development initiatives, completed Emu Apple 1 intervention operations and advanced Major Gas Field geological mapping.
Great Boulder Resources (ASX:GBR)
Peak Hill acquisition completed ahead of 40,000m drilling
THE PLAY
Peak Hill Gold Project acquisition has completed from Westgold Resources.
Exploration camp installation is underway ahead of drilling starting in early July.
A 40,000m RC and diamond drilling program is planned during H2 2026.
The acquisition includes an Ore Purchase Agreement with Westgold.
Side Well drilling continues with an additional 20,000m planned by the end of 2026.
THE PITCH
Peak Hill hosts a JORC 2012 Mineral Resource of 9.4Mt @ 1.6g/t Au for 481,000oz.
The project includes four historic open pit mines and seven granted mining leases.
Peak Hill has historical production of more than 900,000oz of gold.
Great Boulder has $25 million cash.
Westgold is a strategic 19.9% shareholder alongside Franklin Templeton and L1 Capital.
THE NEXT OVERS
Complete 40,000m of RC and diamond drilling at Peak Hill during H2 2026.
Deliver an updated Peak Hill Mineral Resource Estimate.
Commence initial engineering studies after the Peak Hill Resource update.
Read full ASX Announcement here.
Duketon Mining (ASX:DKM)
Multiple shallow gold intersections extend Barlee exploration success
THE PLAY
Gromit returned 30m @ 1.1g/t Au including 9m @ 2.4g/t Au from 24m.
Odie returned 11m @ 0.67g/t Au including 6m @ 1.1g/t Au from 33m.
Multiple shallow gold intersections were returned across Gromit, Odie and Astro prospects.
Astro, Gromit and Odie remain open in multiple directions.
Significant intersections came from areas with limited or no previous exploration.
THE PITCH
Barlee Gold Project is 100% owned and hosts multiple gold prospects.
Gromit mineralisation is associated with quartz veining in weathered mafic sediments.
Odie gold mineralisation is associated with a banded iron formation.
UltraFine+ soil geochemistry has assessed approximately 30% of granted project tenure.
A southern tenement application extends the project's prospective strike to approximately 45km.
THE NEXT OVERS
Follow up RC drilling is planned for the Odie, Astro and Gromit prospects.
Expand UltraFine+ soil geochemistry across remaining granted areas of E77/3160.
Commence systematic geochemical programs across the southern tenure following grant.
Read full ASX Announcement here.
Red Mountain Mining (ASX:RMX)
Tungsten sampling confirms skarn mineralisation at Pioneer
THE PLAY
Rock chip sampling confirmed tungsten skarn mineralisation at the Pioneer Tungsten Project.
30 rock chip samples returned assays up to 3,159ppm (0.32%) WO₃ at Greenstone.
A Mammoth outcrop sample returned 2,856ppm (0.29%) WO₃.
10 of 30 samples returned more than 500ppm WO₃, including 5 above 1,000ppm WO₃.
Results confirmed garnet skarn hosted tungsten mineralisation at surface.
THE PITCH
Pioneer comprises the Greenstone, Mammoth and Lost Creek claim areas.
The project is 100% owned and located along the eastern margin of the Mount Torrey Batholith.
Claims host limestone hosted garnet skarns containing scheelite tungsten mineralisation.
Project claims adjoin Almonty's Gentung Tungsten Deposit and the historical Ivanhoe and Lost Creek mines.
Historical workings and mapped tungsten bearing skarn mineralisation occur across the project.
THE NEXT OVERS
Complete systematic sampling at Greenstone during mid July.
Define the extent, variability and continuity of surface mineralisation.
Assess drill testing of downdip skarn extensions, subject to positive analytical results.
Read full ASX Announcement here.
Terrain Minerals (ASX:TMX)
Broad rare earth system confirmed at Lort River
THE PLAY
Rare earth mineralisation was returned in 25 of 35 air core holes.
LTAC028 returned 8m @ 3,349ppm TREO from 27m, including 6m @ 4,230ppm TREO.
LTAC023 returned 60m @ 530ppm TREO from 27m and ended in mineralisation.
10 holes ended in mineralisation, with the system remaining open at depth.
Results identified a broad clay hosted rare earth system across the project.
THE PITCH
Lort River is a 100% owned clay hosted rare earth project.
The project is located approximately 50km northwest of Esperance in Western Australia.
Neodymium and praseodymium represent approximately 23% of the rare earth basket.
Heavy rare earths average 12% to 15% of TREO and reach 28% to 33% in discrete zones.
MRIWA is supporting metallurgical processing studies under Research Project M10528.
THE NEXT OVERS
Receive pending single metre assay results from priority holes.
Progress reverse circulation resource definition drilling.
Advance MRIWA supported metallurgical processing studies.
Read full ASX Announcement here.
West Cobar Metals (ASX:WC1)
Spectral study expands Baxter target corridor
THE PLAY
Satellite spectral analysis identified alteration beyond historical Baxter fluorspar mines.
Multiple unrecognised fluorite targets were identified along a 3km prospective corridor.
Alteration patterns indicate Baxter may represent the upper levels of a larger hydrothermal system.
Priority targets display clay and gas related alteration associated with fluorite mineralisation.
Results support ongoing field mapping and surface sampling.
THE PITCH
West Cobar has a binding agreement to acquire a 100% interest in Baxter, subject to due diligence.
The project comprises 51 contiguous claims covering approximately 4.3km² in Nevada.
The Kaiser Mine historically produced approximately 200,000 tonnes of fluorspar between 1928 and 1957.
Historical production included acid grade concentrate grading 97% to 98% CaF₂.
Historical fluorite workings extend across a southwest trending 3km by 1km corridor.
THE NEXT OVERS
Complete due diligence, mapping and surface sampling.
Analyse verification samples for CaF₂ grade, fluorine and pathfinder elements.
Rank targets and progress drill targeting.
Read full ASX Announcement here.
Godolphin Resources (ASX:GRL)
Mineralogy identifies pre flotation pathway at Lewis Ponds
THE PLAY
Mineralogical assessment identified talc as the dominant non sulphide gangue mineral.
Modelling indicates a talc pre flotation stage could lift lead concentrate grade from approximately 33% to more than 60%.
Liberation data confirmed a high proportion of lead, copper and silver minerals are recoverable.
Silver and copper are predominantly associated with sulphide minerals in the lead concentrate.
Findings support refinement of the Lewis Ponds processing flowsheet.
THE PITCH
Lewis Ponds is a 100% owned gold, silver and base metals project in NSW.
The project hosts a JORC 2012 Mineral Resource of 17.52Mt @ 3.02g/t AuEq for 1.7Moz AuEq.
The deposit is a polymetallic volcanic hosted massive sulphide system.
The project comprises two exploration licences covering approximately 148km².
A Scoping Study outlines a 12 year operation at 1.25Mtpa throughput.
THE NEXT OVERS
Evaluate laboratory scale talc pre flotation testwork using fresh drill samples.
Incorporate results into flowsheet optimisation studies.
Assess the impact of improved precious metals recovery on project economics.
Read full ASX Announcement here.
49 Metals (ASX:49M)
Drilling extends mineralisation within interpreted feeder structure
THE PLAY
DRC#16 returned 6.1m @ 5.0g/t Au within 15.2m @ 2.4g/t Au.
DRC#16 intersected mineralisation approximately 40m along strike from DRC#9 within the interpreted feeder structure.
DRC#16 ended in mineralisation, with assays pending for the upper portion of the hole.
DRC#11 returned 9.1m @ 1.2g/t Au from 27.4m in the Adit Zone.
All 14 holes assayed to date returned significant gold and or silver mineralisation.
THE PITCH
Gold Mountain is located within the Walker Lane trend in Nevada, USA.
The maiden RC drilling program comprises 22 holes for approximately 7,500m.
The Adit Zone contains an interpreted high grade feeder structure.
The interpreted feeder structure remains open in all directions.
Assays remain pending for 9 holes, including the upper portion of DRC#16.
THE NEXT OVERS
Receive remaining assay results from the current drilling program.
Integrate drilling and assay data into the geological model.
Prioritise follow up drilling targets for Q4 CY2026.
Read full ASX Announcement here.
OD6 Metals (ASX:OD6)
Soil geochemistry identifies multiple new Quinn drill targets
THE PLAY
Multiple new high priority drill targets were identified at the Quinn Fluorspar Project.
Soil sampling returned fluorine values up to 31,800ppm F at North Horseshoe Canyon.
Soil geochemistry outlined a fluorine anomaly trend extending more than 8km.
Five soil samples exceeded 20,000ppm F across a 150m strike at North Horseshoe Canyon.
Fluorine and pathfinder anomalies identified new priority target areas across the project.
THE PITCH
Quinn is a fluorspar project located in Nevada, USA.
The project includes the Horseshoe, Mammoth and Big Jim prospects.
OD6 collected 320 soil samples targeting epithermal alteration outside the main deposits.
Fluorine assays and multi element pathfinder analysis were used to rank exploration targets.
Fluorspar mineralisation is hosted in epithermal breccias, veins and replacement deposits.
THE NEXT OVERS
Receive pending assay results.
Complete geological modelling and drill targeting.
Prepare the maiden drilling program.
Read full ASX Announcement here.
Minrex Resources (ASX:MRR)
Barje drilling progresses as metallurgical testwork begins
THE PLAY
Twelve infill diamond drill holes were completed for 1,224.5m at Barje.
A thirteenth hole is in progress, with core recovery averaging approximately 88%.
The first batch of samples was dispatched for gold, silver and multi element assays.
Metallurgical testwork commenced.
Drilling has progressed to schedule without interruption.
THE PITCH
Tlamino is Minrex's flagship gold project in southern Serbia.
The 2026 program is focused on infill diamond drilling at the Barje deposit.
Ausenco was appointed to design, manage and interpret the metallurgical testwork program.
The program builds on the metallurgical framework established in the 2021 Preliminary Economic Assessment.
Metallurgical testwork will be supported by laboratories in Western Australia.
THE NEXT OVERS
Receive assay results from the first batch of dispatched samples.
Continue infill diamond drilling at Barje.
Progress the metallurgical testwork program.
Read full ASX Announcement here.
Buxton Resources (ASX:BUX)
Maiden drilling begins at Madman Project
THE PLAY
Drilling commenced at the 100% owned Madman Project.
The program comprises a water bore and 2 deep diamond drill holes.
The drill holes are designed to test the Madman geophysical feature.
The target is a discrete magnetic anomaly.
McKay Drilling has commenced onsite activities.
THE PITCH
Madman is a 100% owned gold copper project in Western Australia.
The target is a discrete magnetic anomaly interpreted at approximately 220m below surface.
The project is located near the Marloo Fault within the Paterson Orogen.
No previous on ground exploration has been reported over the target anomaly.
The target has reported geophysical similarities to the Havieron deposit.
THE NEXT OVERS
Complete the 2 planned diamond drill holes.
Provide updates as the drilling program progresses.
Report drilling results as they become available.
Read full ASX Announcement here.
Australian Oil Company (ASX:AOK)
Phase 1 Surat Basin development underway
THE PLAY
Phase 1 development initiatives commenced across the Surat Oil Basin.
Intervention operations at Emu Apple 1 were completed.
Emu Apple 1 remains shut in while treatment optimisation and fluid level monitoring continue.
The Riverslea Field Later Development Plan is being revised for Riverslea 3 reinstatement.
Major Gas Field geological mapping and resource assessment are nearing completion.
THE PITCH
The Surat portfolio includes the Emu Apple, Riverslea and Major Gas fields.
Pumpjack acquisition negotiations are progressing to support future field reinstatements.
Geological mapping continues across Emu Apple and Greater Riverslea.
The company completed due diligence on domestic exploration opportunities outside the Surat Basin.
The Surat development roadmap is based on phased field reinstatements.
THE NEXT OVERS
Return Emu Apple 1 to production.
Submit the revised Riverslea Field Later Development Plan.
Complete Major Gas Field geological mapping and resource assessment.