The Day’s Play Edition 76: ASX resource growth, gold drilling and processing milestones | PSC MRE expansion, OD6 metallurgy, CZN funding pathway

Prospect Resources (ASX:PSC)

Copper Scale Expands As Gold Inventory Doubles

Prospect expanded Mumbezhi’s MRE base, increasing tonnage, copper and gold while adding a maiden Inferred MRE.

THE PLAY

• Updated MRE delivered 208.1Mt at 0.42% Cu and 0.49% CuEq.

• Gold resources increased 106% to 262,100oz from recent re assaying.
• Contained copper increased 14% to 877,100t across all deposits.
• Maiden West Mwombezhi Inferred MRE added shallow copper resource growth.
• Nyungu Central Indicated classification represents approximately 35% of the MRE.

THE PITCH

• Mumbezhi includes Nyungu Central, Kabikupa and West Mwombezhi deposits.

• Total MRE includes copper, cobalt and gold resource exposure.
• Nyungu Central holds 154.4Mt at 0.42% Cu and 0.51% CuEq.
• Kabikupa remains unchanged at 23.0Mt at 0.48% Cu.
• West Mwombezhi contains 30.7Mt at 0.37% Cu Inferred.

THE NEXT OVERS

• Phase 3 diamond drilling is underway at southern Nyungu Central.

• Aircore and RC drilling has commenced across regional targets.
• Technical studies support initial Scoping Study targeted in Q4 2026.

Read full ASX Announcement here.

OD6 Metals (ASX:OD6)

Historic Flotation Results Strengthen Quinn Processing Pathway

Historic metallurgical testwork indicated Quinn mineralisation may support conventional fluorspar upgrading, subject to modern metallurgical confirmation.

THE PLAY

• Historic testwork indicated acid grade concentrate potential from Quinn mineralisation.

• Mammoth returned 97.83% CaF₂ at 70% recovery through flotation.
• Mammoth returned 95.0% CaF₂ at 82.7% recovery.
• Horseshoe produced concentrates up to ~89% CaF₂.
• Conventional grinding and flotation were identified as primary methods.

THE PITCH

• Quinn includes Mammoth and Horseshoe fluorspar mineralisation areas.

• Historical testwork was completed by Union Carbide and Galigher.
• Mammoth sample head grade was 28.29% CaF₂.
• Horseshoe sample head grade was 58.57% CaF₂.
• Historic testwork was preliminary and unoptimised.

THE NEXT OVERS

• Samples will be sent for optical ore sorting with TOMRA.

• Additional metallurgical flotation testwork is planned this quarter.
• OD6 will apply for bulk sample permits across multiple areas.

Read full ASX Announcement here.

Corazon Mining (ASX:CZN)

Chalice Deal Unlocks Funded WA Gold Restart

Corazon has secured resource, tenure, funding and processing optionality around an advanced WA gold asset.

THE PLAY

• Chalice acquisition secures 100% ownership from Westgold under binding agreement.

• Existing resource delivers 191,000oz at 2.7g/t Au JORC 2012.
• Westgold backing adds 19.9% strategic shareholding after Acquisition and Placement completion.
• A$16.5 million Placement funds upfront consideration, drilling, studies and exploration.
• Immediate 15,000m drilling will target mineralisation extensions and new targets.

THE PITCH

• Chalice sits on granted Mining Lease ML 15/786 in Western Australia’s Higginsville district.

• Chalice has 645,000oz production history across open pit and underground mining.
• 7 operating processing facilities are located within 130km of Chalice.
• Westgold’s 1.6Mtpa Higginsville CIL facility sits 22km from Chalice by road.
• Corazon also holds Two Pools and Feather Cap gold projects in Western Australia.

THE NEXT OVERS

• Shareholder approval will be sought at the General Meeting.

• Placement settlement and Consideration Shares issue follow approval.
• Phase 1 drilling starts immediately after Acquisition completion.

Read full ASX Announcement here.

GBM Resources (ASX:GBM)

High Grade Step Out Strengthens 309 Growth Case

GBM extended high grade mineralisation east of the 309 MRE, reinforcing resource growth potential at Twin Hills.

THE PLAY

• High grade gold extended east of 309 MRE beyond the current resource envelope.

• TNDH026 returned 21m @ 2.50g/t Au from 158m including 4m @ 9.24g/t Au.
• TNDH026 returned 14m @ 2.99g/t Au from 194m including 5m @ 6.86g/t Au.
• Drilling supports mineralisation continuity outside the current MRE along strike and at depth.
• Assays remain pending for 20 drill holes across Lone Sister and 309.

THE PITCH

• Twin Hills Gold Project hosts ~1.0Moz Au MRE in the Drummond Basin.

• 3 drill rigs are operating across Lone Sister and 309 deposits.
• The 50,000m Stage 2 drilling program is underway at Twin Hills.
• Yandan hosts 0.44Moz @ 1.1g/t Au including 0.20Moz @ 5.7g/t Au.
• Additional drilling supports evolving geological and structural understanding of mineralisation at 309.

THE NEXT OVERS

• Further assay results are expected progressively from the Stage 2 program.

• Preparation to drill the Yandan deposit is underway.
• Drilling continues across Lone Sister and 309 at Twin Hills.

Read full ASX Announcement here.

Strata Minerals (ASX:SMX)

Step Out Drilling Expands High Grade Zelica System

Phase 2 drilling extended shallow gold mineralisation while confirming continuity across broader strike and depth.

THE PLAY

• 8 of 9 step out holes intersected significant gold mineralisation.

• Zelica extended across ~1km strike and 115m vertical depth.
• Mineralisation remains open along strike and at depth.
• 7m @ 3.32g/t Au included 3m @ 5.37g/t.
• Hanging wall intercepts identified an emerging hanging wall lode.

THE PITCH

• Zelica is a 100% owned gold project in Western Australia.

• The Phase 2 program comprised 17 RC holes for 2,209m.
• Strata controls ~9.5km of interpreted mineralised corridor.
• Zelica is located on a granted Mining Licence.
• Nearby processing infrastructure and access are already in place.

THE NEXT OVERS

• Assays from the remaining 8 holes are expected imminently.

• Higher grade shoots remain priority follow up drill targets.
• Work continues toward a maiden JORC Mineral Resource Estimate.

Read full ASX Announcement here.

Cazaly Resources (ASX:CAZ)

Deeper Gold Confirmation Strengthens Goongarrie Continuity

Cazaly confirmed higher grade gold continuity at depth, strengthening mineralisation confidence across Duke of York and Duchess.

THE PLAY

• High grade gold confirmed at Duke of York and Duchess Prospects.

• GGRC021 returned 2m @ 26.4g/t gold from 206m at Duke of York.
• GGRC022 returned 5m @ 6.2g/t gold from 242m, extending mineralisation down dip.
• 1m split assays upgraded previously reported 4m composite grades.
• Multiple high grade shoots identified across 400m strike from Duke of York to Duchess.

THE PITCH

• Goongarrie sits 90km north of Kalgoorlie in Western Australia’s northeastern goldfields.

• The project consists of 70km² of greenstone sequence within the Kalgoorlie Terrain.
• The project covers 12km of the Bardoc Tectonic Zone.
• Duke of York mineralisation extends to at least 200m below surface.
• Mineralisation remains open at depth across multiple strike limited high grade shoots.

THE NEXT OVERS

• Internal economic mineralisation study will guide the next drilling phase.

• Gravity survey data from Sir Laurence is being processed and interpreted.
• Results from the Sir Laurence gravity survey are imminent.

Read full ASX Announcement here.

OncoSil Medical (ASX:OSL)

TGA Approval Secures Australian Commercial Pathway

OncoSil secured home market regulatory approval, de risking commercialisation and expanding treatment access in Australia.

THE PLAY

• TGA approval received for OncoSil device treatment of pancreatic cancer in Australia.

• OncoSil added ARTG inclusion following Therapeutic Goods Administration approval.
• First and only TGA approved Class III device targets tumours within pancreas.
• Approval opens commercialisation pathway for OncoSil device in Australia.
• Approval supports adoption, clinician engagement and international regulatory support.

THE PITCH

• OncoSil focuses on localised treatment for unresectable locally advanced pancreatic cancer.

• OncoSil is an Australian developed medical technology platform.
• Australia records approximately 4,353 new pancreatic cancer cases each year.
• Class III devices undergo the most stringent regulatory review process.
• OncoSil is approved for sale in 30+ countries.

THE NEXT OVERS

• Commercialisation of the OncoSil device in Australia can proceed.

• New manufacturing facility in Macquarie Park is near completion.
• OncoSil can support domestic and global supply chain capabilities.

Read full ASX Announcement here.

MB Gold (ASX:MBG)

Twin Veins Delivers Widest Gold Intercept Yet

MB Gold confirmed the Twin Veins gold mineralised system through maiden drill hole assays at Twin Veins.

THE PLAY

• Twin Veins system confirmed by first six maiden RC drill hole assays.

• Widest significant intercept reached 20m at 1.74g/t Au from 81m.
• Included interval returned 7m at 4.06g/t Au from 81m.
• Initial assays returned 6m at 1.22g/t Au from 4m.
• Drilling reached 3,735m of the 6,000m RC Phase 1 program.

THE PITCH

• Twin Veins sits within the Marble Bar Gold Project.

• First six drill holes were part of the maiden RC campaign.
• Marble Bar Gold Project is in the Pilbara region.
• Twin Veins remains a gold mineralised system.
• RC Phase 1 drilling is a 6,000m program.

THE NEXT OVERS

• Further assay results are expected in approximately three weeks.

• Additional planned drill holes will be incorporated into Phase 2.
• Phase 2 drilling is to commence in August.

Read full ASX Announcement here.

Amara Minerals (ASX:AM3)

All reported Trojan holes return antimony

Amara Minerals reported additional antimony gold assays from the Trojan Prospect at Lauriston.

THE PLAY

• Returned 6.5m at 0.86% Sb from 142.6m in AY2610

• Reported 1.3m at 0.38% Sb and 5.59g/t Au in AY2609
• Intersected 0.8m at 2.08% Sb from 109.8m in AY2606
• Confirmed antimony intercepts across all 6 reported Trojan drillholes
• Reported assays from AY2611 and AY2612 remain outstanding

THE PITCH

• Trojan forms the antimony rich southern zone within Yankee Trojan area

• Mineralisation occurs within west dipping shears, quartz breccias and fault zones
• Soil antimony anomalism extends approximately 1.2km north toward Countess Prospect
• Diamond drilling has intersected a consistent west dipping shear at Trojan
• Trojan remains open along strike and at depth

THE NEXT OVERS

• Test down dip extensions beneath recent Trojan antimony intercepts

• Conduct step out drilling along the Comet Trojan corridor
• Integrate photon assay results into structural interpretation and sampling refinement

Read full ASX Announcement here.

Iceni Gold (ASX:ICL)

Exploration Pipeline Expands Across Three Active Fronts

Iceni advanced drilling, due diligence and seismic work across multiple assets within its exploration portfolio.

THE PLAY

• Goose Well field reconnaissance refined upcoming diamond drill targeting.

• Geological review improved mineralisation control understanding at Goose Well.
• Historical drilling orientation was reassessed against the Gander Fault.
• Laverton South appraisal included Rock of Ages and Redeemed targets.
• Welcome Creek secured $250,000 EIS co funding for seismic work.

THE PITCH

• 14 Mile Well remains the flagship gold project.

• Goose Well sits within the 14 Mile Well Project.
• Laverton South covers a proposed 65.8km² tenement package.
• 149 rock chip samples were collected with assays pending.
• Welcome Creek review included WCD001 at GSWA core library.

THE NEXT OVERS

• Diamond drilling at Goose Well is scheduled for June.

• Regional AC drilling is planned to commence in June.
• Historical data review continues across Laverton South.

Read full ASX Announcement here.

49 Metals (ASX:49M)

8 patented claims added at nil consideration

49 Metals added 8 patented claims to Gold Mountain in Nevada.

THE PLAY

• Added 8 patented claims to Gold Mountain

• Incorporated claims into existing earn in agreement at nil consideration
• Extended tenure west and infilled strategic project ground
• Added claims include 9 RC holes and 2 RAB holes
• Added claims cover historical drilling and rock chip results

THE PITCH

• Gold Mountain sits within Nevada’s Walker Lane Trend

• Project hosts low sulphidation epithermal gold silver mineralisation
• Gold Mountain hosts patented and unpatented mining claims
• Oddie Rhyolite hosts broader disseminated mineralisation
• Existing tenements remain in good standing

THE NEXT OVERS

• Interpret current geological and assay results

• Conduct geophysical surveys for deeper targets
• Undertake additional drilling

Read full ASX Announcement here.