The Day’s Play Edition 64: ASX gold and resource development updates | Production, scale and processing pathways advance

This update covers ASX gold and resource development updates across multiple companies, including resource additions, first production milestones and continued system expansion.

Results highlight advancing processing pathways, improving recoveries and increasing geological confidence as projects move toward execution and internal cash generation.

Great Boulder (ASX:GBR) acquires Peak Hill adding 481000oz and secures processing pathways, advancing development optionality. Pacgold (ASX:PGO) delivers first gold at White Dam, confirming production transition and establishing internal cash generation. Gorilla Gold (ASX:GG8) defines a high grade footwall lode at Comet Vale, expanding system scale and resource growth. Podium Minerals (ASX:POD) confirms Parks Reef continuity across 3.3km, strengthening resource confidence and supporting development studies. Dreadnought Resources (ASX:DRE) reports 98.9% recoveries at Metzke’s Find, de risking processing and development assumptions. Maritana Minerals (ASX:MRT) extends high grade mineralisation at Burbanks, supporting the upcoming resource upgrade pathway. White Cliff Minerals (ASX:WCN) expands Danvers sulphide footprint to 1.8km, increasing scale potential across untested conductors. Altitude Minerals (ASX:ATT) secures a Nevada option with widespread historical mineralisation, reopening an under tested gold system. Skylark Minerals (ASX:SKM) extends M’Basso strike to 750m, confirming system growth beyond historical drilling. Nexsen (ASX:NXN) establishes a Malaysia facility, advancing commercialisation across its pathogen detection platform.

Trading Halt pending Capital Raise:$GBR, $ATT, $ODE, $ALM
Runs on the Board: $IMR, $AW1, $BTM, $AHN, $1AD, $ZMM, $BMR, $TMX, $CYP, $VR8

Great Boulder Resources (ASX:GBR)

Acquisition secures 481000oz resource and ore purchase agreement

Great Boulder announced it has entered a binding agreement to acquire the Peak Hill Gold Project from Westgold in Western Australia

The Play

  • Acquired Peak Hill Gold Project for $25M cash shares and 1% NSR royalty

  • Added 9.4Mt at 1.6g/t Au for 481000oz JORC Mineral Resource
  • Executed Ore Purchase Agreement with Westgold across Bluebird Fortnum and Tuckabianna mills
  • Raised $40M via two tranche placement
  • Entered Strategic Collaboration to evaluate development options for Side Well

The Pitch

  • Peak Hill includes 7 granted mining leases 1 exploration licence and 7 miscellaneous licences

  • Resource defined at 9.4Mt at 1.6g/t Au for 481000oz across five deposits
  • Historical production exceeds 900000oz from underground and open pit mining activities
  • Project located approximately 100km from Side Well and within trucking distance of regional mills
  • Ore Purchase Agreement defines monthly ore tonnage ranges across three mills

The Next Overs

  • Complete acquisition and placement subject to shareholder and regulatory approvals

  • Deliver updated Peak Hill Mineral Resource Estimate within 6 months
  • Undertake 60000m multi rig drilling programme across Peak Hill and Side Well

Read full ASX Announcement here.
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Pacgold (ASX:PGO)

White Dam Starts Funding Its Own Growth

Pacgold announced its first gold doré pour from White Dam in South Australia

The Play

  • First gold pour delivered Pacgold’s maiden doré bar within 5 months of acquisition

  • Doré bar weighed approximately 3kg for estimated unreconciled 80oz of gold
  • Doré has been shipped to Perth Mint for refining and sale
  • Gold sale is expected to confirm Pacgold’s transition from explorer to producer
  • Gold production from re-crushed final lift is underway

The Pitch

  • White Dam sits 80km east of Broken Hill in South Australia

  • The operation includes open pits, heap leach infrastructure and processing facilities
  • Plant refurbishment is complete except for one final CIC column
  • Pacgold is targeting re-crushing and leaching throughput of 90kt per month
  • White Dam was acquired in December 2025

The Next Overs

  • Recovery from the first 40,000t parcel is expected within 3 weeks

  • A further 200,000t is scheduled for irrigation by late May
  • Vertigo resource drilling assays are expected next week

Read full ASX Announcement here.
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Gorilla Gold (ASX:GG8)

9.3m at 20.6g/t defines new footwall lode

Gorilla Gold announced a new footwall lode discovery at the Sovereign Deposit within the Comet Vale Project, WA

The Play

  • Intersected 9.3m at 20.6g/t Au from 414.8m in new Sovereign footwall lode

  • Returned 4.2m at 13.0g/t Au from 360.3m in Sovereign drilling results
  • Recorded 0.5m at 36.9g/t Au from 266.8m in recent drilling results
  • Identified mineralisation 50m into footwall of main Sovereign lode position
  • Drilling continues across Comet Vale, Mulwarrie and Vivien projects

The Pitch

  • Comet Vale Mineral Resource Estimate totals 0.86Moz at 3.7g/t Au

  • North Kalgoorlie Hub resource totals 1.2Moz at 3.7g/t Au
  • Projects located on granted Mining Leases near transport and processing infrastructure
  • Sovereign system extends across multi kilometre strike and at least 600m depth
  • Gorilla holds 100% ownership across Comet Vale, Mulwarrie and Vivien projects

The Next Overs

  • Conduct resampling of historical holes intersecting new footwall lode position

  • Execute diamond and RC drilling to assess scale of new lode
  • Continue extensional drilling at Sovereign, Mulwarrie and Vivien projects

Read full ASX Announcement here.

The Day's Play Sponsor -Pareto Capital

Podium Minerals (ASX:POD)

All Holes Confirm Parks Reef Model

Podium released assay results from 17 metallurgical diamond holes at Parks Reef in Western Australia

The Play

  • All 17 holes intersected both PGM and Cu Au zones at expected depths

  • Results confirmed the geological and resource model across a 3.3km drilling footprint
  • Area 2 drilling validated continuity at the eastern extension of the deposit
  • 15 of 17 holes defined high grade hanging wall and footwall domains
  • PRDD022 returned 2.4m at 2.52 g/t 5E PGE from 96m

The Pitch

  • Parks Reef is Podium’s flagship platinum group metals project in Western Australia

  • Area 1 drilling covered approximately 2.5km of strike length
  • Area 2 drilling covered approximately 800m of strike length
  • PGM intercept widths ranged from 10m to 24m downhole
  • Sulphide drilling produced approximately 2 tonnes of metallurgical sample

The Next Overs

  • Rhodium and iridium assays remain pending for 4 PQ holes

  • Six deeper holes drilled to 430m to 510m remain pending
  • Four oxide RC holes will support process development work

Read full ASX Announcement here.
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Dreadnought Resources (ASX:DRE)

High Recoveries De Risk Metzke Development Path

Dreadnought announced metallurgical test results from Metzke’s Find at the Illaara Gold Project in Western Australia

The Play

  • Test work confirmed Metzke’s Find mineralisation is free milling and non refractory

  • Combined gravity and CIL recovery averaged 98.9% across all grind sizes
  • Gold recovery reached 99.5% at the 75μm grind size
  • Gravity recovery averaged 78.5% at the 212μm grind size
  • Leach extraction was largely completed within 8 hours

The Pitch

  • Metzke’s Find hosts a 2023 Resource of 14,900oz at 6.8g/t Au

  • The current Resource remains 72% Indicated and open at depth
  • Most mineralisation is contained within 140m of surface
  • Metzke’s Find sits within Dreadnought’s 100% owned Illaara Gold Project
  • Illaara covers approximately 800km² across 70km of greenstone belt strike

The Next Overs

  • Updated and upgraded Metzke’s Find Resource is scheduled for July 2026

  • A study will follow the updated Resource
  • Additional metallurgical and geotechnical test work is planned

Read full ASX Announcement here.
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Maritana Minerals (ASX:MRT)

Burbanks Drilling Strengthens Resource Upgrade Path

Maritana reported Phase 1 drilling results from Burbanks in Western Australia

The Play

  • Phase 1 drilling improved geological confidence at Burbanks North and Underground

  • Results supported continuity and extensions beyond the current Inferred Resource envelope
  • 26HBBD044 intersected 4.20m at 42.43g/t Au including 1.37m at 126.93g/t Au
  • 26HBBD038 intersected 0.63m at 24.32g/t Au including 0.30m at 40.95g/t Au
  • Southern drilling commenced targeting shallow high grade mineralisation

The Pitch

  • Burbanks historically produced 324koz at 22.7g/t Au underground

  • Current JORC Resource totals 6.05Mt at 2.39g/t Au for 465,600oz
  • Burbanks North is included in the current life of mine plan
  • Burbanks Underground is not included in the current life of mine plan
  • Maritana owns Burbanks, located 9km south of Coolgardie

The Next Overs

  • Assays remain pending from 4 Phase 1 drill holes

  • Updated Mineral Resource Estimate is scheduled for June 2026 quarter
  • Ore Reserve studies will follow the updated Mineral Resource Estimate

Read full ASX Announcement here.

The Day's Play Sponsor - OffshoreX

White Cliff Minerals (ASX:WCN)

Danvers Keeps Expanding Into Untested EM Corridor

White Cliff reported new visual copper sulphide observations from Danvers in Nunavut, Canada

The Play

  • Visual sulphides now extend across more than 1.8km at Danvers South

  • The new mineralised footprint is double 2025 drilling coverage
  • DAN26008 observed 55m of copper sulphides in the main EM anomaly
  • DAN26008 extended mineralisation 580m northeast of DAN26005
  • DAN26006 observed 37m of copper sulphides along the fault zone

The Pitch

  • Danvers hosts 950m of defined strike at the original copper deposit

  • DAN25019 previously intersected 30.5m at 2.49% Cu from 7.62m
  • The Teshierpi Fault Zone hosts multiple EM and magnetic targets
  • DAN26008 was the first hole drilled into this multi kilometre conductor
  • New zones remain open along strike and untested at depth

The Next Overs

  • Step out drilling continues northeast along the conductivity anomaly

  • Samples have been dispatched to ALS Laboratories for assays
  • Assay results are expected within 4 weeks

Read full ASX Announcement here.
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Altitude Minerals (ASX:ATT)

Historical Drilling Reopens Untested Nevada Gold System

Altitude secured an exclusive option over the W gold-silver project near Winnemucca, Nevada

The Play

  • 40 of 43 historical holes intersected gold mineralisation across the project

  • 7 historical holes ended in mineralisation and remain open at depth
  • Historical drilling did not test high grade boiling or feeder zones
  • Quartz calcite veins outcrop up to 30m wide across ~1,800m strike
  • Altitude secured an exclusive option to purchase the W Project

The Pitch

  • W sits on the western margin of the Northern Nevada Rift

  • The project is 8km from Winnemucca with paved road access
  • Historical drilling identified broad near surface gold and silver mineralisation
  • Historical hole W87-1 intersected 37m at 1.30g/t Au and 9.8g/t Ag
  • Altitude now holds both W and Firenze in Nevada

The Next Overs

  • Geophysics will refine structural controls and rank drill targets

  • Mapping will support final drill targeting
  • Altitude aims to be drill ready by Autumn 2026

Read full ASX Announcement here.
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Skylark Minerals (ASX:SKM)

Strike reaches 750m as drilling pushes beyond historic limits

Skylark Minerals announced assay results from 18 RC drill holes at the M’Basso Zone within the Zaranou Project

The Play

  • Returned 62m at 1.41g/t Au from 114m including multiple higher grade intervals

  • Confirmed two continuous gold zones extending 100m southwest beyond historic AC drilling grid
  • Extended mineralised strike to at least 750m through step out drilling beyond prior limits
  • Recorded mineralisation at depth with several holes ending in mineralisation
  • Completed Phase 1 drilling with 38 holes and commenced Phase 2 step out drilling

The Pitch

  • M’Basso located within Zaranou Project in Côte d’Ivoire under granted exploration licence

  • Zaranou Project hosts Inferred Mineral Resource of 364,600oz at 1.8g/t Au
  • Ehuasso Zone hosts Inferred Mineral Resource of 336,400oz at 1.8g/t Au
  • Mineralisation interpreted as shear hosted gold system within Birimian basin geological setting
  • Historical drilling totals 16,996m AC, 321m RC and 611m diamond across 355 holes

The Next Overs

  • Continue Phase 2 step out drilling targeting further strike extensions at M’Basso

  • Commence drilling at Ehuasso Zone with drilling scheduled to start in July
  • Progress toward updated Mineral Resource Estimate following ongoing drilling programmes

The Day's Play Sponsor - Relait

Nexsen (ASX:NXN)

Nexsen Secures Second Asian Commercialisation Hub

Nexsen executed a research agreement with Universiti Malaya to launch a joint facility in Malaysia

The Play

  • Nexsen secured a joint research facility with Universiti Malaya in Malaysia

  • First project targets dual rapid detection of E. coli and Salmonella
  • No commercially available rapid dual sensor exists for both pathogens
  • Nexsen and UM will each contribute RM1.0m to establish the facility
  • Nexsen secured commercialisation rights for products developed through collaboration

The Pitch

  • Universiti Malaya ranks 58th globally in QS World University Rankings

  • Facility will operate from UM’s Innovative Medical Devices Centre of Excellence
  • UM has prototype pathogen devices in laboratory and field trials
  • Nexsen previously secured a HK$6m IGNITE grant for Hong Kong expansion
  • Nexsen’s platform spans human health, kidney diagnostics and biosecurity

The Next Overs

  • Nexsen and UM aim to establish the facility within 2 months

  • Both parties will refine the biosensor for manufacturing scale up
  • Nexsen aims to deliver a commercially viable product within 24 months

Read full ASX Announcement here.