This update covers ASX gold development and production updates across multiple companies, including high grade intercepts, resource expansions and continued system growth.
Far East Gold (ASX:FEG) lifted Idenburg resources 44% in Papua, materially expanding scale and advancing development study pathways. LinQ Minerals (ASX:LNQ) extended Dam gold copper mineralisation in NSW, reinforcing porphyry scale and supporting continued step out drilling. Kuniko (ASX:KNI) delivered bonanza silver gold results at Silica Hill in NSW, expanding the discovery footprint and resetting system scale. Cannindah Resources (ASX:CAE) confirmed high grade shoots at Cannindah Breccia in Queensland, increasing confidence in resource growth and continuity. Dreadnought Resources (ASX:DRE) reported high grade intercepts at Metzke’s Find in WA, extending mineralisation beyond the current resource and supporting upgrade pathways. Lefroy Exploration (ASX:LEX) increased Mt Martin resources in WA, advancing scale ahead of the upcoming scoping study. Koba Resources (ASX:KOB) expanded Everest uranium mineralisation in South Australia, increasing strike and reinforcing district scale potential. Catalina Resources (ASX:CTN) defined a continuous gold corridor in WA, advancing a multi deposit development framework across Palisade. Pure Resources (ASX:PR1) advanced CNTF performance, opening a new commercial pathway into thermal management materials. Impact Minerals (ASX:IPT) extended Silica Hill mineralisation in NSW, confirming discovery growth across the Commonwealth system.
Trading Halt Raising Capital: $TR2, $SPG, $ICR, $JNS, $DAI, $WTM
Runs on the Board: $RMI, $BRX, $TMS, $GBR, $DAL, $XGL
Selection Table: $DUN, $CAN, $WOA
Far East Gold (ASX:FEG)
44% resource increase resets Idenburg gold scale
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Far East Gold announced an updated Idenburg Gold Project MRE in Papua, Indonesia.
The Play
- Idenburg MRE increased 44% to 780,000oz at 3.1g/t gold from 540,000oz.
- Resource tonnes increased to 7.8Mt from the previous 4.1Mt estimate.
- Sua added 218Koz from 3.1Mt of additional resource tonnes.
- North Bermol added a maiden 22Koz inferred resource.
- Resource now covers Sua, North Bermol, Bermol and Mafi prospects.
The Pitch
- Idenburg sits in Papua near the border with Papua New Guinea.
- Trans Irian Highway crosses the project and supports logistical access.
- Current resources remain classified as inferred under JORC 2012.
- Only 4 of 15 identified prospects have been drill tested.
- Another 15 structural targets require detailed mapping confirmation.
The Next Overs
- Mining One is completing the Idenburg Scoping Study.
- Targeted diamond drilling will test 11 historical prospect areas.
- FEG is finalising a broader exploration budget.
Read full ASX Announcement here.
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LinQ Minerals (ASX:LNQ)
400m core strengthens Dam gold copper scale
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LinQ Minerals announced new drilling results from the Dam deposit within the Gilmore Project in New South Wales.
The Play
- TDRCD005 intersected 114m @ 1.19g/t Au Eq from 144m at Dam.
- Dam high grade core extended 50m along strike to 400m.
- 4 of first 5 LinQ holes exceeded 100 gram metres Au Eq.
- TDRCD005 was the first completed phase 2 hole.
- TDRCD005 stepped out north from DD94GB72.
The Pitch
- Dam sits within LinQ’s 100% owned Gilmore Project Southern Zone.
- Gilmore spans approximately 597km² across a 60km belt with 20+ prospects.
- The project contains 6 mineral resource deposits.
- Gilmore hosts a 516Mt resource containing ~3.7Moz Au and ~1.2Mt Cu.
- Dam is classified as a porphyry gold copper system.
The Next Overs
- Assays remain pending from 9 completed Dam holes.
- Further drilling will test strike extensions at Dam.
- Further drilling will test down dip extensions.
Read full ASX Announcement here.
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Kuniko (ASX:KNI)
Bonanza silver gold resets Silica Hill scale
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Kuniko announced diamond drill assay results from Silica Hill in NSW.
The Play
- Silica Hill discovery returned 20,603g/t Ag and 27g/t Au.
- CMKNI004 hit mineralisation 100m outside the current envelope.
- CMKNI004 returned 84m @ 0.6g/t Au and 123g/t Ag.
- CMKNI003 returned 50m @ 1.0g/t Au and 59g/t Ag.
- All 6 Phase 1 holes intersected sulphide mineralisation.
The Pitch
- Silica Hill sits within Kuniko’s Commonwealth Gold Silver Project in NSW.
- Commonwealth and Silica Hill deposits are located within 200m of each other.
- Silica Hill is an epithermal stockwork vein system with silver mineralisation.
- Commonwealth Main and South form a polymetallic VMS style system.
- Kuniko can earn up to 70% through its Impact Minerals JV.
The Next Overs
- Assays for holes 5 and 6 are due within 2 weeks.
- Phase 2 drilling starts in June at Silica Hill.
- Phase 2 targets extensions and deeper high grade zones.
Read full ASX Announcement here.
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Impact Minerals (ASX:IPT)
Silica Hill resets Commonwealth discovery upside
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Impact Minerals announced new drilling results at Silica Hill within the Commonwealth Gold Silver Project in NSW.
The Play
- Mineralisation extended 100m beyond the current envelope in discovery hole CMKNI004.
- CMKNI004 returned 84m @ 0.6g/t Au and 123g/t Ag from 226m.Included 0.5m @ 20,603g/t Ag and 27g/t Au from 230m.
- CMKNI003 returned 50m @ 1.0g/t Au and 59g/t Ag from 74m.
- All 6 Phase 1 holes intersected sulphide mineralisation across the corridor.
The Pitch
- Commonwealth and Silica Hill host gold silver lead zinc mineralisation.
- Inferred Resources total 88,800oz gold and 3.3Moz silver.
- Kuniko can earn up to 70% through staged exploration spend.
- Impact retains a 30% free carried interest until Decision to Mine.
- Silica Hill sits within the broader Commonwealth Project in NSW.
The Next Overs
Read full ASX Announcement here.
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Lefroy Exploration (ASX:LEX)
Mt Martin scale strengthens before scoping study
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Lefroy Exploration announced a revised Mt Martin MRE in Western Australia’s Eastern Goldfields.
The Play
- Mt Martin MRE increased 5% to 460,000oz at 1.6g/t Au.
- Resource ounces increased by 21,000oz from the 2024 estimate.
- Mt Martin now contains 9.094Mt at 1.6g/t Au.
- Revised MRE applied a AUD$7000/oz optimised pit shell.
- No new drilling or assay results were added since 2024.
The Pitch
- Mt Martin sits within Location 45 freehold land in Western Australia.
- Lefroy controls a 635km² land package across the Lefroy Gold Project.
- Lefroy’s total gold resource base exceeds 1Moz across the broader project.
- Mt Martin was previously mined by open pit and underground methods.
- Historical processing achieved approximately 88% gold recovery through CIL circuits.
The Next Overs
- Scoping Study starts this quarter at Mt Martin.
- Initial 4,000m RC drilling is expected to finish mid May.
- Drill assay results are expected in June.
Read full ASX Announcement here.
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Cannindah Resources (ASX:CAE)
Southern Shoot confirms major Cannindah growth zone
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Cannindah Resources announced RC drill results from the Cannindah Breccia in Queensland.
The Play
- Southern Shoot returned 44m @ 2.78% CuEq from 214m in 26CRC016.
- Southern Shoot returned 26m @ 1.54% CuEq from 260m in 26CRC015.
- Southern Shoot now exceeds 100m strike and 200m vertical extent.
- Drilling confirmed two high grade ore shoots at Cannindah Breccia.
- Grades and widths exceed the current Mineral Resource intersections.
The Pitch
- Cannindah Breccia hosts a 14.5Mt Resource at 1.09% CuEq.
- The Resource contains 105,000t Cu, 197,000oz Au and 6.4Moz Ag.
- The breccia system extends more than 600m long and 100m wide.
- Mineralisation has been intersected to 1,086m downhole at Cannindah Breccia.
- Cannindah controls 9 Mining Leases and 2 EPMs at Mt Cannindah.
The Next Overs
- Diamond and RC drilling continues at Cannindah Breccia.
- Southern extension drill testing is planned and underway.
- Planned drilling includes more than 10,000m at Cannindah Breccia.
Read full ASX Announcement here.
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Dreadnought Resources (ASX:DRE)
Metzke’s Find hits highest grade intercepts yet
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Dreadnought Resources announced RC assay results from Metzke’s Find at the Illaara Gold Project in WA.
The Play
- Metzke’s Find returned 7m @ 49.9g/t Au from 67m.
- Metzke’s Find returned 5m @ 23.5g/t Au from 67m.
- All reported intercepts sit outside the 2023 Resource.
- Shear lode horizon was intersected across all drill sections.
- Assays cover 23 holes across 2,088m of drilling.
The Pitch
- Metzke’s Find sits within Dreadnought’s 100% owned Illaara Gold Project.
- Illaara covers approximately 800km² across 70km of greenstone belt strike.
- Metzke’s Find hosts a 14,900oz Resource at 6.8g/t Au.
- The 2023 Resource is 72% Indicated and remains open.
- Metallurgical recovery averaged 78.5% gravity and 98.9% combined recovery.
The Next Overs
Read full ASX Announcement here.
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Koba Resources (ASX:KOB)
Everest discovery resets Yarramba uranium scale
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Koba Resources announced uranium drilling results from the Everest Prospect in South Australia.
The Play
- Everest mineralised trend now spans 6km, up 50% from 2025 drilling.
- Everest drilling returned 1.5m @ 790ppm eU₃O₈ from 103.2m.
- MJRM042 included 0.6m @ 1,627ppm eU₃O₈ within the headline intercept.
- Everest Bend added a new 1km mineralised trend west of Everest.
- Program completed 23 drill holes for 2,670m at Everest Prospect.
The Pitch
- Yarramba hosts more than 250km of uranium bearing palaeochannels in South Australia.
- Yarramba covers more than 5,000km² of tenure in South Australia.
- Everest sits 4km north of the 12Mlb Jason Deposit.
- Everest lies 17km north of Boss Energy’s Honeymoon Uranium Mine.
- eU₃O₈ values derive from downhole gamma logs, not laboratory assays.
The Next Overs
- Follow up drilling planning has commenced at Everest.
- Approvals are expected during H2 2026.
- Next drilling will test Everest Bend and main trend.
Read full ASX Announcement here.
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Pure Resources (ASX:PR1)
CNTF unlocks new AI infrastructure materials pathway
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Pure Resources announced CNTF thermal conductivity results under its Rice University collaboration.
The Play
- CNTF conductivity reached ~600 W/m·K, exceeding copper and aluminium benchmarks.
- CNTF measured ~1.5 times copper and ~2.5 to 3 times aluminium.
- Commercial engagement commenced with hyperscale operators, defence primes and electronics manufacturers.
- Discussions cover prototype evaluation, jointly funded development and integration testing.
- CNTF enables woven, knitted and braided 3D thermal architectures.
The Pitch
- Pure owns 100% of the Garnet Hills graphite and garnet project.
- Pure has a funded Rice University CNTF R&D collaboration.
- CNTF research uses large to jumbo flake graphite from Garnet Hills.
- Pure holds a US DoE strategic partnership for HREEs and yttrium.
- Pure operates an integrated mine to market materials strategy.
The Next Overs
Read full ASX Announcement here.
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Catalina Resources (ASX:CTN)
Continuous gold corridor establishes Palisade framework
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Catalina Resources announced final assay results from Evanston and Yerilgee in Western Australia.
The Play
- Palisade Gold Project consolidates 4 deposits across a 12km to 14km corridor.
- Exploration Targets total 60,000oz to 330,000oz gold across Evanston and Yerilgee.
- 33 of 69 holes returned ≥0.3g/t Au across the drilling program.
- Snowflake extended mineralisation approximately 50m north and south.
- Chicken Little’s 48m @ 2.61g/t Au from 15m remains open at depth.
The Pitch
- Chicken Little, Snowflake, T8 and Megatron anchor the Yerilgee corridor.
- Evanston hosts Leghorn and Viper prospects with mineralisation from surface to depth.
- Catalina completed approximately 8,452m of RC drilling across 69 holes.
- Multiple shallow mineralised centres support a corridor scale development concept.
- Large portions of the Palisade corridor remain untested.
The Next Overs
Read full ASX Announcement here.
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