This update covers ASX copper and gold exploration updates across multiple companies, including high grade intercepts, system scale expansion and advancing development pathways.
Austral Resources (ASX:AR1) delivered high grade copper at Snow Queen in Queensland, strengthening development potential near existing processing infrastructure. Caprice Resources (ASX:CRS) returned bonanza gold at Island in WA, confirming high grade continuity and expanding system scale. AusQuest (ASX:AQD) extended a broad copper system at Cangallo in Peru, reinforcing porphyry scale and development pathways. Metallium (ASX:MTM) secured 50% feedstock for Texas operations, underpinning commissioning and staged throughput ramp up. Catalina Resources (ASX:CTN) expanded copper strike at Breakaway Dam in WA, extending system continuity along trend. Axel REE (ASX:AXL) confirmed shallow rare earth mineralisation at Woolrich in Brazil, advancing ISR development pathways. Centaurus Metals (ASX:CTM) defined multi kilometre copper anomalies at Rio Novo in Brazil, expanding Boi Novo growth pipeline. Sky Metals (ASX:SKY) progressed Tallebung approvals and drilling in NSW, advancing toward development. Resolution Minerals (ASX:RML) delivered strong antimony recoveries in Idaho, reducing processing risk. dorsaVi (ASX:DVL) progressed Ultra Edge hardware in Melbourne, advancing commercialisation of its platform.
Trading Halt Raising Capital: $JLL, $AS1, $TAM, $AQN, $EGY
Runs on the Board: $DAI, $NMR, $ODE, $ATT
Selection Table: $KRM, $ADG
Austral Resources Australia Ltd (ASX:AR1) First Snow Queen Hole Resets Copper Pipeline | | |
Austral released first drilling results from Snow Queen in Queensland’s Mount Isa Cloncurry district. THE PLAY - First Snow Queen drillhole returned 10m at 7.52% Cu from 35m.
- Included interval returned 4m at 15.98% Cu from 38m.
- Snow Queen launched Austral’s 2026 exploration drilling campaign.
- Mineralisation was confirmed within a breccia system at Snow Queen.
- Geochemical anomaly remains open to the west north west.
THE PITCH - Snow Queen sits within EPM 17634 at the Cameron River Project.
- Snow Queen is located 60km from the Rocklands Processing Facility.
- The prospect sits 2km from the sealed Barkly Highway.
- Austral has identified 35 historical copper workings across its tenure.
- Austral operates processing infrastructure in Queensland’s Mount Isa region.
THE NEXT OVERS - Full multi element and gold assays are expected within the week.
- 26SQRC002 assay results are expected in 2 to 4 weeks.
- Regional drilling is expected to restart in Q3 2026.
Read full ASX Announcement here. | | |
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Caprice Resources (ASX:CRS) Bonanza Gold Hit Reframes Island System | | |
Caprice released new RC drilling results from the Island Gold Project in Western Australia. The Play - 26IGRC010 returned 22m at 66.2 g/t gold from 42m.
- Included interval returned 8m at 181 g/t gold from 42m.
- New high grade zone sits ~120m parallel to Vadrians.
- 26IGRC016 extended mineralisation north at 200m vertical depth.
- Mineralisation occurs beneath the near surface depletion horizon.
The Pitch - Island Gold Project sits in Western Australia’s Murchison goldfields.
- Island hosts high grade mineralisation across a five kilometre corridor.
- Vadrians remains the primary drilling focus at Island.
- Current drilling program totals 50,000m across Island, Comet and Cuddingwarra.
- Mineralisation is hosted in BIF, mafic lithologies and shales.
The Next Overs - Follow up drilling will recommence next week.
- One metre samples were sent for further analysis.
- Deep diamond hole assays remain outstanding.
Read full ASX Announcement here. | | |
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AusQuest (ASX:AQD) Cangallo Copper System Sharpens Porphyry Target | | |
AusQuest released Stage 3 RC drilling results from Cangallo in Peru. THE PLAY - Stage 3 drilling defined a mineralised corridor exceeding 1,500m.
- CANRC045 returned 269m at 0.29% Cu from 160m.
- CANRC044 returned 214m at 0.28% Cu from 124m.
- CANRC046 returned 184m at 0.25% Cu from 208m.
- CANRC048 returned 12m at 1.09% Cu from 112m.
THE PITCH - Cangallo is a 100% owned copper gold project in Peru.
- The project sits 25km east of Chala in southern Peru.
- Cangallo comprises 14 granted concessions held through Questdor.
- RC drilling defined broad mineralisation within stockwork veined volcanic host rocks.
- Higher copper grades occur within intrusive dykes in the south.
THE NEXT OVERS - Results remain outstanding from 4 of 13 RC holes.
- Diamond drilling exceeding 5,000m starts in late May.
- Stage 4 permits are prioritised for southern drilling.
Read full ASX Announcement here. | | 
Metallium (ASX:MTM) Metallium Locks Half Stage 1 Feedstock | | | Metallium secured binding PCB feedstock contracts for its Texas operations. The Play - Binding contracts now cover 50% of Stage 1 throughput targets.
- Contracted feedstock now totals 4,000 tpa of PCB material.
- Additional supply agreements were signed with established industry participants.
- Existing Glencore agreement covers up to 2,400 tpa.
- Contracted supply supports Texas commissioning and ramp up activities.
The Pitch - Stage 1 throughput target remains 8,000 tpa of PCB feedstock.
- Metallium targets ~70% contracted coverage and ~30% spot purchases.
- Texas Technology Campus houses the Company’s U.S. operations.
- Agreements include 5 year initial terms with extension potential.
- Contracts carry no material take or pay obligations.
The Next Overs - Secure additional supply agreements toward ~70% contracted coverage.
- Execute multi reactor FJH demonstration across parallel operating units.
- Continue commissioning campaigns across multiple feedstock streams.
Read full ASX Announcement here. | | | | | Catalina Resources (ASX:CTN) Breakaway Dam Copper System Opens Along Strike | | | Catalina expanded Breakaway Dam’s mineralised strike to ~1.2km through March RC drilling in Western Australia. The Play - Breakaway Dam strike expanded from ~700m to ~1.2km.
- BDCRC26016 returned 1.9m ETW at 2.17% Cu.
- BDCRC26014 returned 2.9m ETW at 0.57% Cu.
- BDCRC26016 returned 3.8m ETW at 0.31% Cu.
- DHEM returned strong conductor responses across all holes.
The Pitch - Breakaway Dam sits 17km east of Menzies in Western Australia.
- The project is interpreted as a copper rich VMS system.
- Mineralisation sits within metasediments above a porphyritic basalt sequence.
- The target corridor remains highly strained with steep structural grain.
- Catalina holds a binding agreement to acquire E29/1037.
The Next Overs - Follow up drilling will test priority conductor plates.
- Future drilling will expand the system along strike.
- Geological and structural modelling will refine targeting.
Read full ASX Announcement here. | | | | | Axel REE (ASX:AXL) High Grade Woolrich Drilling Accelerates ISR Field Trials | | | Axel moved Woolrich closer to an Indicated resource upgrade by confirming shallow mineralisation across its proposed ISR footprint in Brazil. The Play - 137 holes confirmed mineralisation across Woolrich’s ~2,000ha ISR footprint.
- Drilling targeted conversion of 128Mt at 1,013ppm TREO to Indicated.
- Assays reached 1m at 8,517ppm TREO with 41% MREO.
- Thick intervals exceeded 10m to 12m from as shallow as 1m.
- Column leach testing delivered encouraging liquor breakthrough for ISR evaluation.
The Pitch - Woolrich hosts an Inferred resource of 128Mt at 1,013ppm TREO.
- Woolrich sits within Caladão’s 572Mt rare earth and 439Mt gallium project.
- Deposit hosts ionic clay rare earth mineralisation suited to ISR methods.
- Mineralisation remains laterally extensive and vertically developed across the drilling footprint.
- Woolrich shows elevated Dysprosium, Terbium and Yttrium versus Brazilian LREE deposits.
The Next Overs - Receive and interpret MgSO₄ leach results from SGS.
- Complete Woolrich Indicated resource upgrade during 2026.
- Advance small scale ISR field recovery trials subject to approvals.
Read full ASX Announcement here. | | |  Centaurus Metals (ASX:CTM) New Copper Targets Shift Boi Novo Scale | | | Centaurus defined multiple +2km copper in soil anomalies at Rio Novo, expanding the Boi Novo copper growth pipeline. The Play - Multiple +2km copper in soil anomalies defined at Rio Novo.
- More than 900 Rio Novo assay results received, with over 50% pending.
- Boi Novo drilling returned 6.7m at 1.53% Cu and 0.30g/t Au.
- Flotation testing produced +25% copper concentrate with recoveries up to 95%.
- Broad iron drilling returned 85.0m at 33.2% Fe from surface.
The Pitch - Combined Boi Novo and Rio Novo landholding covers ~75km² in Carajás.
- Rio Novo sits immediately north of the Boi Novo Project.
- Boi Novo is less than 20km from CoreX’s Antas Norte flotation plant.
- Boi Novo has a 520 to 780Mt Exploration Target grading 30 to 35% Fe.
- Rio Novo remains largely untested by modern geophysics.
The Next Overs - FLEM surveys continue across Rio Novo targets.
- Drone magnetic surveys will refine structural targeting.
- Q3 2026 drilling will test priority Rio Novo targets.
Read full ASX Announcement here. | | | | | Sky Metals (ASX:SKY) Approvals And Drilling Shift Tallebung Toward Development | | | Sky Metals initiated the SSD approvals process and released new drilling results at Tallebung in central NSW. The Play - Scoping Report submission formally launched the NSW SSD approvals process.
- Over 500 drill holes now underpin the updated MRE.
- TBRC377 returned 8m at 1.24% tin from 68m.
- TBRC336 returned 16m at 0.38% tin from 46m.
- TBRC363 returned 13m at 0.26% tin from 60m.
The Pitch - Tallebung is Sky’s 100% owned tin tungsten silver project in central NSW.
- Existing MRE includes 115 drill holes across the current resource.
- Latest drilling targeted shallow mineralisation near the existing MRE boundary.
- Mineralisation is hosted in stacked vein packages extending to surface.
- Updated MRE will underpin mine planning, metallurgical optimisation and economic assessment.
The Next Overs - Further drilling results are anticipated ahead of the updated MRE.
- Updated MRE and PFS remain scheduled this quarter.
- SEARs are expected this month before EIS preparation.
Read full ASX Announcement here. | | | | | Resolution Minerals (ASX:RML) Antimony Ridge Metallurgy Resets Processing Risk | | | Resolution released initial flotation metallurgy results from Antimony Ridge at Horse Heaven in Idaho. THE PLAY - Rougher flotation delivered 99.5% sulphur recovery, indicating near complete stibnite recovery.
- FT02 delivered 76.0% antimony recovery at 27.3% Sb concentrate grade.
- FT01 delivered 72.2% antimony recovery at 23.6% Sb concentrate grade.
- Composite samples used in testing contained 10.50% Sb.
- Flotation test work separated stibnite from gangue material.
THE PITCH - Antimony Ridge sits within Resolution’s Horse Heaven project in Idaho, USA.
- Vein swarms and stockworks extend across 1,000m by 700m.
- Historical pit material produced 99.38 wt.% antimony trioxide.
- Horse Heaven received FAST 41 Transparency Coverage from the U.S. Permitting Council.
- Resolution owns processing infrastructure and tungsten stockpiles within the broader project.
THE NEXT OVERS - Cleaner flotation stages target concentrate grades above 50% Sb.Hydrometallurgical processing test work remains underway at ANSTO.Golden Gate drilling begins 7 May across 13,700m.
Read full ASX Announcement here. | | |
dorsaVi (ASX:DVL) Ultra Edge Moves From Lab To Platform | | | dorsaVi commenced its Ultra Edge Modular Design and Build program in Melbourne. The Play - Program shifts RRAM and neuromorphic IP into manufacturable hardware design.
- Ultra Edge program commenced as the third Execution Plan workstream.
- Architecture separates sensing, compute and memory into interoperable layers.
- Power architecture targets sub 1mW operation for autonomous devices.
- API layer assessment targets external partner integration.
The Pitch - dorsaVi develops ultra edge intelligence for local AI driven decisions.
- Existing sensor hardware is FDA cleared and TGA certified.
- RRAM memory technology is being developed with NTU and ITRI.
- Neuromorphic architecture is being developed as the compute layer.
- Target verticals include robotics, exoskeletons, autonomous systems and industrial IoT.
The Next Overs - Validate architecture within existing sensor hardware.
- Assess API design, scope and commercial structure.
- Progress each modular hardware workstream.
Read full ASX Announcement here. | | | | | |
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