The Day’s Play Edition 80: ASX gold resource growth, copper discoveries and lithium funding updates | Strickland lifts Rogozna to 9.24Moz AuEq, AZ9 extends sulphide strike

Strickland Metals (ASX:STK)

Gradina Reprices Rogozna Growth Case

The Play

• Gradina Resource increased 50% to 1.8Moz Au at 2.8g/t
• Rogozna Resource rose to 9.24Moz AuEq across Indicated and Inferred
• Gradina added 600,000oz Au against December 2025 estimate
• Updated MRE covers 20Mt at 2.8g/t Au
• Deposit remains open across strike and depth

The Pitch

• Gradina forms part of the 100%-owned Rogozna Project in Serbia
• Updated MRE uses long-hole open stoping underground constraints
• Deposit core averages 4,700 Au ounces per vertical metre
• Underground access includes potential adit from eastern ridge flank
• Strickland held approximately $81M cash and liquids at 31 March 2026

The Next Overs

• Further drilling remains planned across northern, southern and depth extensions
• Pre-Feasibility Study workstreams have commenced at Rogozna
• Environmental rehabilitation, monitoring and baseline studies continue on site

Read full ASX Announcement here.

Asian Battery Metals (ASX:AZ9)

Red Hill Strike Extension Sharpens VMS Signal

The Play

• Massive sulphide strike extended beyond 155 metres after western growth
• MU2603 confirmed 21.9 metres of massive sulphide with chalcopyrite and chalcocite
• MU2603 validated the downhole EM conductor plate above MU2502
• MU2604 intersected massive to semi massive sulphide within 15 metres mineralisation
• MU2602, MU2603 and MU2604 each intercepted copper mineralisation

The Pitch

• Red Hill Cu Au Project is a VMS system in Mongolia
• The project hosts geophysical and geochemical anomalies in favourable volcanic stratigraphy
• Mineralisation includes massive sulphide and quartz sulphide stockwork
• Historical drillholes support geological comparison in current exploration
• ABM holds 100% of the Red Hill copper gold project

The Next Overs

• RC drilling targets shallow gold mineralisation in MU2501
• Gravity survey interpretation continues across Red Hill
• Assays will integrate with geophysical and geological data

Read full ASX Announcement here.

Nexus Minerals (ASX:NXM)

High Grade Clement Results Shift Wallbrook Focus

The Play

• High-grade Clement assays returned up to 26.53g/t Au from first 10 RC holes
• All 10 Clement holes returned anomalous gold intercepts in first tranche
• Stacked multi-lode geometry confirmed across the first 10 drill holes
• Broad Clement intercepts included 19m at 2.51g/t Au from 76m
• Results form first tranche of the ~22,000m RC drilling program

The Pitch

• Wallbrook Gold Project sits approximately 140km northeast of Kalgoorlie
• Clement Prospect sits adjacent to the Crusader Templar Deposit
• Crusader Templar holds the current 304koz Au Wallbrook Mineral Resource
• Nexus holds 192km2 within a major regional structural corridor
• Gold mineralisation links to quartz, pyrite and haematitic alteration

The Next Overs

• RC drilling continues across Clement and Payns prospects
• Drilling moves to Branches and Crusader Templar prospects
• Assay results continue to be reported as drilling progresses

Read full ASX Announcement here.

Green Technology Metals (ASX:GT1)

Seymour DFS Advances With New Mineral Streams

The Play

• Seymour DFS work resumed as $11.0M recapitalisation progresses.
• Additional tantalum processing entered studies alongside secondary recovery assessment.
• Potential rubidium concentrate pathways entered evaluation with processing groups engaged.
• Tranche 1 placement completed, delivering $1.6M before costs.
• Study teams expanded across engineering, metallurgy and delivery functions.

The Pitch

• GT1 owns 100% Ontario lithium projects spanning multiple assets.
• Seymour Project hosts 10.3Mt resource grading 1.07% Li₂O overall.
• Combined mineral resource totals 30.4Mt grading 1.17% Li₂O globally.
• Recapitalisation combines placements with fully underwritten entitlement offer funding.
• Ontario assets sit near roads, rail and hydro infrastructure.

The Next Overs

• Underwritten entitlement offer closes on 27 May.
• Shareholder vote around 18 June targets tranche 2 approval.
• Seymour DFS completion continues with consultants engaged across work packages.

Read full ASX Announcement here.

PhosCo Ltd (ASX:PHO)

Single-Stage Processing Simplifies Gasaat Flowsheet

The Play

• Metallurgical tests produced phosphate concentrate grading up to 31.4% P₂O₅.
• Single-stage flotation removed 3 silica flotation stages from processing.
• Simplified flowsheet reduced process complexity and capital, operating cost inputs.
• Saline bore water required minimal or zero cleaning during testing.
• Concentrate grade increased alongside flotation reagent dosage levels.

The Pitch

• Gasaat is a wholly owned phosphate project in Northern Tunisia.
• KM flotation tests achieved 75.1% to 83.7% P₂O₅ recoveries.
• Proposed flowsheet includes crushing, grinding, flotation, dewatering and drying.
• Metallurgical program is co-funded through an EBRD grant.
• Gasaat metallurgical and recovery testing has continued since 2012.

The Next Overs

• Bench-scale flotation tests will optimise reagent dosage levels.
• PFS testwork planning includes Locked Cycle and variability testing.
• Additional Gasaat ores will undergo flotation variability assessment.

Read full ASX Announcement here.

American Uranium (ASX:AMU)

Lo Herma Continuity Tightens Resource Upgrade Case

The Play

• Mine Unit 1 drilling confirmed strong uranium continuity across early infill holes
• 11 of 18 holes intersected mineralisation above 0.02% eU3O8 cutoff
• 8 holes exceeded target grade thickness above 0.2 GT
• LH-26-026 returned 5.8m at 0.056% eU3O8 with 1.06 GT
• Program drilled ~3,243m across 18 holes, one-third complete

The Pitch

• Lo Herma is an ISR uranium project in Wyoming’s Powder River Basin
• Current drilling targets Mine Unit 1 confidence and Mine Unit 2 expansion
• Planned program includes 55 mud rotary drill holes
• Mine Unit 1 contains Inferred and Indicated uranium resources
• Roll-front uranium mineralisation shows stacked horizons across drilled zones

The Next Overs

• ~22 additional infill drill holes planned at Mine Unit 1
• ~15 step-out drill holes planned south of Mine Unit 2
• Updated MRE and Scoping Study targeted for Q3 2026

Read full ASX Announcement here.

Impact Minerals (ASX:IPT)

Final JV Drilling Expands High Grade System

The Play

• Commonwealth South assays returned 7.1m at 8.4g/t Au and 42g/t Ag
• Final drill holes confirmed polymetallic mineralisation beyond current footprint
• Silica Hill returned up to 2% Ag and 27g/t Au
• Phase 1 drilling confirmed continuity across Commonwealth South and Silica Hill
• CMKNI005 returned 16m at 0.6g/t Au from 89m

The Pitch

• Commonwealth Gold-Silver Project sits in New South Wales under Kuniko JV
• Kuniko can earn up to 70% under staged earn-in terms
• Commonwealth and Silica Hill are genetically related deposits 200m apart
• Existing JORC Inferred Resources total 88,800oz gold and 3.3Moz silver
• Regional work outlined a roughly 4km conductive corridor beyond current resources

The Next Overs

• Follow-up drilling starts in July
• Phase 2 targets extensions and higher-grade zones at depth
• Regional targeting review will define new drill targets

Read full ASX Announcement here.

Mont Royal Resources (ASX:MRZ)

Mallard Delivers High Grade Fluorspar System

The Play

• Mallard drilling returned up to 39.8% CaF2 in high-grade fluorspar zones
• Flux Fluorite Zone confirmed as separate fluorite-bearing system at Mallard
• EC24-209 returned 24.8m at 35.8% CaF2 from 221.7m
• EC10-040 returned 29.0m at 21.7% CaF2 from 275.0m
• Mineralisation remains open across 80m strike and 150m vertical extent

The Pitch

• Mallard Prospect sits 1.4km south-east of the Ashram Deposit
• Flux Fluorite Zone sits within the Eldor Carbonatite Complex
• Historical drilling primarily targeted niobium at Mallard
• Fluorspar occurs in dolomite carbonatite with associated niobium mineralisation
• Ashram hosts one of the largest fluorspar deposits globally

The Next Overs

• Follow-up drilling is expected at the Flux Fluorite Zone
• Drilling targets expansion and further delineation at Mallard
• Further work remains focused on high-grade fluorspar zones

Read full ASX Announcement here.

American Tungsten & Antimony (ASX:AT4)

System Scale Tungsten Targets Lift Drill Precision

The Play

• System scale tungsten anomaly defined beyond historic Garnet Mine at Tennessee Mountain
• High grade surface tungsten confirmed with 4,713 ppm W over 1.0m
• Peak rock chip molybdenum returned 20,693 ppm Mo at Garnet Mine
• Mineralisation remains open along strike and depth across skarn system
• Maiden 29 hole, ~3,000m drill program targets skarn extensions

The Pitch

• Tennessee Mountain Tungsten Project sits in Elko County, Nevada
• Garnet Mine follows Coffeepot granodiorite and limestone skarn contact
• Soil sampling covered approximately 2.2km east west and 5.8km north south
• Thirty nine soil samples returned greater than 10 ppm W
• Project sits within AT4’s broader U.S. tungsten portfolio

The Next Overs

• Pre drill geological field program will complete infill soil sampling
• Plan of Operations will be prepared and submitted to USFS
• Further updates expected on permitting progress and program planning

Read full ASX Announcement here.

Great Northern Minerals (ASX:GNM)

Land Expansion Resets Iron Butte Scale

The Play

• 46 new lode claims expanded Iron Butte by approximately 950 acres
• New claims widened Iron Butte across a prospective mineralised corridor
• Historical soil sampling returned up to 179ppb Au and 3.8ppm Ag
• Caetano Rim and Valmy showed geology comparable to known zones
• Field staking applications completed across 2 new claim areas

The Pitch

• Iron Butte sits in Nevada’s Battle Mountain district
• New claims include 35 at Caetano Rim and 11 at Valmy
• 559 soil samples were collected across both target areas
• Mineral claims remain under Hightest Resources LLC option structure
• Geophysical review is well advanced across the expanded footprint

The Next Overs

• Initial surface sampling follows geophysical review completion
• Permitting and contractor engagement continue ahead of maiden drilling
• Maiden Inferred JORC Mineral Resource remains expected imminently

Read full ASX Announcement here.

Terrain Minerals (ASX:TMX)

Lightning Method Pushes Into New Gold Targets

The Play

• Lightning IP method expanded across 3 historic gold targets
• Program added 4 lines for 4km of dipole-dipole coverage
• Same dipole-dipole configuration now tests Paradise City, Hurley and T17
• Enhanced subsurface resolution expected across all 3 target areas
• Historic Hurley and Paradise City targets now sit within expanded IP coverage

The Pitch

• Smokebush Gold and Silver Project is 100% owned, 350km north of Perth
• Survey area sits inside granted Mining Lease M59/796 at Smokebush
• Lightning mineralisation occurs within a north-south shear corridor and granite-proximal setting
• IP surveying maps chargeability and resistivity linked to disseminated sulphide mineralisation
• Terrain has completed more than 16,000m of drilling at Lightning

The Next Overs

• IP field acquisition targets June 2026 completion
• IP target reporting due with Lightning and Monza MRE in July 2026
• Terrain will assess IP results for follow-up drilling timing and scope

Read full ASX Announcement here.