The Day’s Play Edition 83: ASX gold drilling, copper expansion and Beetaloo acreage growth updates | GG8, AQD, TBN

Gorilla Gold (ASX:GG8)

High Grade Sovereign Drilling Extends Gold Zones

The Play

• Growth drilling returned multiple new high grade gold intercepts at Sovereign
• Results included 3.8m at 21.0g/t Au and 2.1m at 24.8g/t Au
• Drilling significantly expanded high grade zones within the Sovereign deposit
• High grade mineralisation was intersected across multiple growth drill holes
• Resource growth drilling remains ongoing at the Sovereign deposit

The Pitch

• Sovereign is the largest individual deposit within the Comet Vale Project
• Sovereign hosts a current resource of 410,000oz at 4.3g/t Au
• Comet Vale forms part of the 1.2Moz North Kalgoorlie Hub
• Project sits on granted Mining Leases near existing infrastructure
• Gold mineralisation occurs within shear zones near lithological contacts

The Next Overs

• Continue discovery and definition drilling across the Comet Vale Project
• Follow up recent discoveries at Diddy Kong, Donkey Kong and Magilla
• Receive ongoing assay results from active drilling programs

Read full ASX Announcement here.

AusQuest (ASX:AQD)

Copper System Expands As Diamond Drilling Begins

The Play

• RC drilling returned 342m at 0.27% Cu and 0.05g/t Au
• RC drilling returned 236m at 0.30% Cu and 0.08g/t Au
• RC drilling returned 176m at 0.38% Cu and 0.07g/t Au
• Three of four holes ended in mineralisation
• Results confirmed porphyry mineralisation extends beyond 400m depth

The Pitch

• Cangallo is a 100% owned porphyry copper gold project
• Project located in Peru with access to coast and infrastructure
• Extensive near surface copper oxide mineralisation identified across the system
• Mineralisation occurs within stockwork veins hosted by volcanic rocks
• Higher grade hypogene mineralisation indications occur beneath current RC drilling

The Next Overs

• Commence +5,000m diamond drilling program at Cangallo
• Assess northern RC geology and geochemistry for deeper targets
• Advance permitting for Stage 4 drill pads and extensions

Read full ASX Announcement here.

Tamboran Resources (ASX:TBN)

Falcon Acquisition Creates Largest Beetaloo Acreage Position

The Play

• Tamboran completed the acquisition of Falcon subsidiaries following court approval
• Transaction increased holdings to approximately 2.8 million net prospective acres
• Acquisition created the largest acreage position in the Beetaloo depocenter
• Tamboran issued 6,537,503 Common Stock shares to Falcon shareholders
• Pro forma market capitalisation stands at approximately US$1.2 billion

The Pitch

• Tamboran is focused on natural gas development in the Beetaloo Basin
• Company now holds approximately 2.8 million net prospective acres
• Acreage position covers the majority of the Beetaloo depocenter
• Tamboran is listed on both the NYSE and ASX
• Company pursues an integrated exploration and production development strategy

The Next Overs

• Drill at least 4 wells during the 2026 operating program
• Complete stimulation of at least 5 wells in 2026
• Tie SS2 wells into the Sturt Plateau Compression Facility

Read full ASX Announcement here.

Elsight (ASX:ELS)

US Public Safety Customer Expands Halo Deployment

The Play

• U.S. public safety customer placed a follow-on US$2M order
• Order value exceeds the initial US$460,000 January 2026 purchase
• Repeat order reflects operational validation of the Halo platform
• Customer progressed toward broader Halo deployment activities
• Order follows Halo approval on the DCMA Blue UAS Cleared List

The Pitch

• Elsight provides connectivity technology for uncrewed systems through Halo
• Public safety applications require reliable connectivity for BVLOS operations
• Halo was approved for inclusion on the DCMA Blue UAS Cleared List
• Company serves commercial and defence uncrewed systems markets
• Halo is positioned as a U.S. compliant and NDAA aligned platform

The Next Overs

• Fulfil the US$2M follow-on order for the public safety customer
• Support broader Halo deployment activities with the customer
• Progress opportunities linked to BVLOS commercial drone operations

Read full ASX Announcement here.

KTEK Aerosystems (ASX:KTK)

Deliveries Resume As Production Ramp Begins

The Play

• Supply chain constraints eased, allowing production and deliveries to resume
• Initial shipment dispatched to an existing major drone platform OEM customer
• Initial shipment is expected to generate approximately A$500,000 in revenue
• Production ramp targets 150 units per month within approximately 5 months
• Current ramp targets contracted order volume with capacity to scale

The Pitch

• KTEK supplies composite airframes and electromechanical assemblies for UAV markets
• Company serves military and commercial drone platform manufacturers
• Current contracted orders support planned production ramp requirements
• KTEK operates an asset light manufacturing model through global partners
• Engineering, structural analysis and quality assurance remain managed in house

The Next Overs

• Progress regular production and delivery increases from initial shipment
• Ramp production toward 150 units per month target
• Utilise IPO funds to increase delivery schedules during 2026

Read full ASX Announcement here.

Argosy Minerals (ASX:AGY)

Pilot Plant Delivers 99% Purity Validation

The Play

• Pilot testwork achieved 99% lithium chloride purity
• Pilot testwork delivered 94.4% maximum lithium recovery
• Technical validation confirmed industrial scaling potential
• Testwork produced high purity lithium chloride concentrate
• Two pilot phases confirmed positive process performance

The Pitch

• Rincon Lithium Project located in Salta Province, Argentina
• Company progressing engineering and feasibility work toward DFS completion
• Pilot program utilised Rincon lithium brine feedstock
• Development pathway includes crystallised lithium chloride production
• Downstream pathway targets lithium carbonate or lithium hydroxide products

The Next Overs

• Advance engineering and process design work
• Refine DFS schedules and cost estimates
• Conduct additional engineering and feasibility testwork

Read full ASX Announcement here.

Perpetual Resources (ASX:PEC)

Beharra Delivers Lower Iron Silica Sand Product

The Play

• ANZAPLAN reduced Fe₂O₃ content to approximately 110–120 ppm
• Results improved on previous test work of approximately 150 ppm Fe₂O₃
• Low iron outcomes were achieved across multiple processing methods
• High purity product was delivered using a conventional flowsheet
• Product quality meets specifications for multiple premium glass markets

The Pitch

• Beharra is a silica sand project located in Western Australia
• ANZAPLAN recommended a conventional beneficiation processing flowsheet
• Recommended flowsheet uses classification, gravity and magnetic separation
• More complex processing routes delivered no material improvement
• Processing results were consistent across multiple beneficiation pathways

The Next Overs

• Undertake further test work targeting additional impurity reduction
• Assess potential mild chemical treatment for further iron reduction
• Review project advancement pathways following metallurgical outcomes

Read full ASX Announcement here.

Elementos (ASX:ELT)

Three New Tenements Expand Oropesa Footprint

The Play

• Andalusian Government awarded 3 new exploration tenements to Elementos
• New tenure sits adjacent to Oropesa tin and zinc resources
• Laurencia and Pascuala tenements lie along strike from Oropesa
• San Jose tenure is prospective for REE, tin, tungsten and copper
• Regional reconnaissance identified geological signatures similar to Oropesa

The Pitch

• Elementos holds the tenements through Spanish subsidiary MESPA
• Oropesa hosts defined tin and zinc Mineral Resources and Ore Reserve
• Company maintains established team and infrastructure in Fuente Obejuna
• Pascuala contains an ASTER anomaly comparable to the Oropesa resource
• Government datasets and historical core support critical minerals prospectivity

The Next Overs

• Explore Laurencia for extensions to tin and zinc mineralisation
• Prioritise fluorite exploration targets within the Pascuala tenement
• Assess critical minerals and porphyry copper targets at San Jose

Read full ASX Announcement here.

1414 Degrees (ASX:14D)

SiNTL Scale-Up Advances Commercialisation Program

The Play

• 14D is purchasing scale-up equipment for SiNTL production at GWU
• Scale-up supports manufacturer relevant quantities for commercial engagement activities
• Scale-up enables formal OEM qualification and third-party evaluation processes
• Full-stack battery cell development has commenced with contract manufacturers
• Commercialisation program advances beyond laboratory-scale material development

The Pitch

• SiNTL is developed under an exclusive global licence with GWU
• Material is designed for compatibility with existing lithium-ion production lines
• Recent testing achieved 530 mAh/g battery capacity performance
• Development is progressing toward an initial 600 mAh/g target
• Technical program remains led by Professor Michael Wagner’s team

The Next Overs

• Complete installation of scale-up production equipment
• Progress OEM qualification and third-party evaluation programs
• Produce battery cells incorporating SiNTL anode material for testing

Read full ASX Announcement here.

Tusker Minerals (ASX:TSK)

Processing Facilities Online As Rutile Drilling Completes

The Play

• HMS processing facility is fully operational and delivering repeatable results
• Yaoundé HMS laboratory is fully operational for rapid sample processing
• Auger drilling completed 24 holes for 305m across the rutile corridor
• First modern systematic drilling tested the historic 70km by 15km corridor
• Maiden JORC Exploration Target study for Douala Basin is progressing

The Pitch

• Central Rutile Project hosts historical residual rutile mining in Cameroon
• Yaoundé West soil sampling program has collected approximately 853 samples
• Douala Basin contains historical HMS mineralisation from surface
• Historical drilling returned 10m at 5.0% THM from surface
• Historical drilling returned 18m at 3.7% THM from surface

The Next Overs

• Complete processing of exploration samples through the Yaoundé laboratory
• Deliver maiden JORC Exploration Target study for Douala Basin
• Advance further drilling subject to exploration licence grants

Read full ASX Announcement here.

EcoGraf (ASX:EGR)

HFfree® Assessment Confirms Global Cost Competitiveness

The Play

• HFfree® assessment confirmed cost competitiveness across seven global locations
• HFfree® process achieved average purification cost of approximately US$478/t SPG
• Integrated supply chain delivered estimated cost of approximately US$1,441/t
• Global assessment identified competitive operating costs across major battery hubs
• Assessment covered potential facilities across Asia, Europe and United States

The Pitch

• EcoGraf owns patented HFfree® graphite purification process technology
• Assessment evaluated seven locations across major battery manufacturing hubs
• Integrated supply chain combines feedstock, shaping and purification operations
• HFfree® operating costs ranged from US$359/t to US$571/t SPG
• Company is progressing €6.2 million (A$10 million) of grant funding

The Next Overs

• Advance site selection and development planning activities
• Progress funding applications and approval processes
• Secure offtake agreements and strategic partnerships

Read full ASX Announcement here.