The Day’s Play Edition 84: Mongolia gas reserves, gold resource growth and funded mining pathway updates | JGH, ADD, SMX

THE COIN TOSS

JGH – Jade Gas secured Mongolia’s first approved gas reserves, enabling development plan submission and production licence application for the TTCBM Project.

SMX – Strata secured a binding mining agreement with BML, which will fund and manage development and mining activities at the Zelica gold project.

ADD – Adavale Resources lifted gold resources 44% to 166koz through acquisition of the Calarie mining licence and contiguous tenure package.

4DX – 4DMedical acquired contextflow, establishing an immediate European commercial platform and expanding operations into a third geographic region.

IPX – IperionX validated titanium fasteners against U.S. Army Grade 8 steel benchmarks, delivering torque to yield performance up to nearly 20% higher.

CP8 – Canadian Phosphate executed a binding agreement to acquire 100% of the Diamond Mountain Project containing a substantial phosphate foreign estimate.

CHM – Chimeric Therapeutics reported 82% disease control in its Phase 1/2 CDH17 trial with durable stable disease extending beyond 15 months.

QML – QMines advanced its fully funded Mt Chalmers DFS through geological, metallurgical and geotechnical workstreams supported by the QIC funding package.

GG1 – Green & Gold Minerals delivered high grade copper, silver, tin and indium rock chip results as drilling commenced at Copper Hills.

FG1 – Flynn Gold expanded its Firetower drilling campaign from 3 to 10 holes as work advances toward a maiden mineral resource estimate.

CTN – Catalina Resources advanced target ranking, land access and field planning across its newly acquired Mid West exploration portfolio.

Jade Gas Holdings (ASX:JGH)

Mongolia Approves First Commercial Gas Reserves

THE PLAY

  • Mongolian authorities approve Jade’s maiden gas reserves for the TTCBM Project.

  • Approval represents the first recognised natural gas reserves in Mongolia.
  • Reserve certification enables formal submission of the project development plan.
  • Approval allows Jade to proceed with a Production Licence application.
  • Approval establishes the regulatory basis for permitting and field development activities.

THE PITCH

  • Reserve booking covers 4.2km² within the 60km² Red Lake Field.
  • TTCBM Project holds 165 million Sm³ net 2P recoverable gas reserves.
  • TTCBM Project holds 384 million Sm³ net 3P recoverable gas reserves.
  • Jade holds a 60% participating interest in the operating company.
  • Reserve booking relates to a small portion of the broader TTCBM Project area.

THE NEXT OVERS

  • Jade will submit its Plan for Development and Operations.
  • Company will lodge an Exploitation Licence application following PDO approval.
  • Environmental and social assessments continue to support licence approvals.

Read full ASX Announcement here.
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Strata Minerals (ASX:SMX)

Binding Agreement Establishes Funded Mining Pathway

THE PLAY

  • Strata executed a binding Mining Services and Profit Share Agreement with BML.

  • BML will fund and manage development and mining activities at Zelica.
  • BML will manage approvals, mining operations and toll treatment arrangements.
  • Future net profits will be shared equally after project cost recovery.
  • BML agreed to subscribe for up to $1.0 million of Strata shares.

THE PITCH

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

  • Project hosts near surface gold mineralisation on a granted Mining Licence.
  • Existing site infrastructure includes historical pre strip development activities.
  • BML is a WA Goldfields mining contractor with open pit expertise.
  • BML maintains established mining, processing and toll treatment relationships.

THE NEXT OVERS

  • Parties will seek agreement on a Mine Plan and Budget.

  • Parties will seek execution of an Ore Tolling Agreement.
  • BML may undertake pre development activities including drilling and studies.

Read full ASX Announcement here.
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Adavale Resources (ASX:ADD)

Gold Resource Expands 44% Through Strategic Acquisition

THE PLAY

  • Gold resource expands 44% to 165,796oz through acquisition of Calarie resource and mining licence.

  • Combined JORC resource reaches 4.67Mt at 1.11g/t across 2 deposits.
  • Acquisition adds 50,796oz gold resource near the London Victoria project.
  • Parkes Project footprint expands to 610km² across 70km of contiguous strike.
  • Acquired tenure delivers 100% ownership with no attached NSR obligations.

THE PITCH

  • Parkes Project comprises 11 granted exploration licences and 1 mining licence.

  • London Victoria contains 3.8Mt at 0.95g/t gold for 115,000oz.
  • Calarie contains 0.87Mt at 1.83g/t gold for 50,796oz.
  • Acquired tenure includes Armstrongs, Nibblers Hill, Waterhouse and Toss of a Penny.
  • Project tenure covers 610km² across 70km of the Parkes Thrust.

THE NEXT OVERS

  • Brownfields drilling continues to expand and upgrade London Victoria mineralisation.

  • Preliminary metallurgical testing assesses recoveries and future development studies.
  • Detailed review and follow up drilling planned at Calarie mining licence.

Read full ASX Announcement here.

The Day's Play Sponsor: Frontline Drilling

4DMedical (ASX:4DX)

Global Licence Secured For E Waste Metal Recovery

THE PLAY

  • 4DMedical signed a binding agreement to acquire Austria based contextflow.

  • Acquisition establishes an immediate European commercial and clinical platform.
  • Transaction expands operations across Europe, North America and ANZ.
  • Acquisition provides an established European team, customer base and infrastructure.
  • Upfront consideration comprises approximately A$18.56 million in cash and shares.

THE PITCH

  • contextflow is a Vienna based medical imaging AI company.

  • Business specialises in lung cancer screening and thoracic imaging software.
  • contextflow maintains established European commercial, regulatory and clinical operations.
  • Company has secured insurance reimbursement contracts in Germany.
  • contextflow has a CE marked lung cancer screening solution.

THE NEXT OVERS

  • Transaction completion remains subject to regulatory approval and customary conditions.

  • Acquisition is expected to complete in or around late July 2026.
  • Markus Holzer will lead European operations following transaction completion.

Read full ASX Announcement here.
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IperionX (ASX:IPX)

Army Testing Shows Titanium Fasteners Outperform Grade 8 Steel

THE PLAY

  • U.S. Army testing validated titanium fastener performance against Grade 8 steel.

  • Titanium fasteners achieved 563 to 615 ft-lbf yield torque in testing.
  • Grade 8 steel benchmark recorded 480 to 502 ft-lbf yield torque.
  • Three of five titanium fasteners exceeded the initial Army test protocol limit.
  • Independent testing confirmed 135 to 137 ksi yield strength.

THE PITCH

  • Fasteners were manufactured using IperionX patented titanium technologies.

  • Testing evaluated Ti-6Al-4V titanium fasteners against Grade 8 steel.
  • WMTR completed tensile testing under ASTM F606/F606M-25a standards.
  • Titanium fasteners achieved 149 to 152 ksi ultimate tensile strength.
  • Products target defense, aerospace, marine and industrial applications.

THE NEXT OVERS

  • Company will continue advancing titanium fastener commercialisation activities.

  • Testing supports further evaluation across defense and industrial applications.
  • Titanium products remain targeted at defense, aerospace and industrial markets.

Read full ASX Announcement here.
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Canadian Phosphate (ASX:CP8)

Acquisition Adds Large Advanced US Phosphate Project

THE PLAY

  • Higher grade Area 51 drilling extended mineralisation beyond modelled pit Binding agreement executed to acquire 100% of the Diamond Mountain Project.

  • Project hosts a foreign estimate of 26.8Mt Measured and Indicated resources.
  • Foreign estimate includes a further 23.1Mt of Inferred resources.
  • Acquisition adds an advanced phosphate asset in Utah, United States.
  • Transaction consideration totals up to US$3.0 million in cash and shares.

THE PITCH

  • Diamond Mountain is located 35km northeast of Vernal, Utah.

  • Project sits adjacent to Simplot’s 4Mtpa Vernal Phosphate Mine.
  • Foreign estimate averages 19.67% P₂O₅ within a seam averaging 4.4m thickness.
  • Project is located on State owned land within an established mining jurisdiction.
  • Canadian Phosphate will acquire the project from Revival Gold and Utah Minerals Resources.

THE NEXT OVERS

  • Company will complete conditions precedent and regulatory approvals.

  • Technical review and validation of the foreign estimate will commence.
  • Exploration and resource definition programs will be evaluated post completion.

Read full ASX Announcement here.

The Day's Play Sponsor - Relait

Chimeric Therapeutics (ASX:CHM)

82% Disease Control Reported In Phase 1/2 Trial
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THE PLAY

  • Phase 1/2 trial delivers 82% disease control across 11 evaluable patients.

  • Treatment reached 12 patients across 3 dose levels.
  • CHM CDH17 expanded and persisted in all treated patients.
  • No grade 4 or 5 treatment related adverse events reported.
  • Stable disease persisted beyond 15 months in 1 patient.

THE PITCH

  • CHM CDH17 is a 3rd generation CAR T therapy.

  • Therapy targets CDH17, a biomarker linked to gastrointestinal cancers.
  • Phase 1/2 study targets colorectal, gastric and neuroendocrine tumours.
  • Trial evaluates safety, objective response rate and dose selection.
  • Study enrolled 16 subjects with 2 screen failures.

THE NEXT OVERS

  • Dose Level 3 enrolment continues across the Phase 1 study.

  • Recommended Phase 2 dose expected following dose escalation activities.
  • Phase 1 enrolment targets up to 15 evaluable patients.

Read full ASX Announcement here.

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QMines (ASX:QML)

Fully Funded DFS Advances Across Multiple Workstreams

THE PLAY

  • QMines remains fully funded through DFS completion following the $15 million QIC funding package.

  • Multiple DFS workstreams advance simultaneously across environmental, mining and engineering studies.
  • Updated Mt Chalmers geological and structural model is now complete.
  • Initial metallurgical and mineralogical programs complete, including flotation recovery modelling.
  • Six geotechnical drill holes completed to support mine design studies.

THE PITCH

  • Mt Chalmers hosts a 9.6Mt Ore Reserve at 0.65% copper and 0.48g/t gold.

  • Environmental baseline studies are underway across groundwater, surface water, flora and fauna.
  • AMC is preparing an updated JORC Mineral Resource Estimate.
  • GR Engineering is completing DFS level process plant and infrastructure studies.
  • DFS work integrates mining, metallurgy, geotechnical and approvals activities.

THE NEXT OVERS

  • Updated Mineral Resource Estimate will support mine planning activities.

  • Additional metallurgical drilling will support optimisation and variability testing.
  • DFS completion remains targeted by year end.

Read full ASX Announcement here.

The Day's Play Sponsor - MPH Lawyers

Green & Gold Minerals (ASX:GG1)

High Grade Surface Results Support Drilling Campaign

THE PLAY

  • RC drilling has commenced at the Copper Hills prospect.

  • Rock chip sampling returned high grade copper, silver, tin and indium across 3 prospects.
  • Copper Hills returned up to 2,212g/t silver, 9.2% copper and 188ppm indium.
  • Mt Gossan breccia returned up to 16.7% tin and 676ppm indium.
  • Results confirmed mineralisation across the Herberton Conductor Metals Project.

THE PITCH

  • Copper Hills is a historic copper silver mining centre within the Emuford district.

  • Herberton Project targets copper, silver, tin, indium and gold mineralisation.
  • Mt Gossan breccia has emerged as a priority drill target.
  • Vehicle access has been reinstated at the Mt Gossan and Siberia prospects.
  • Mineralisation occurs across Copper Hills, Siberia and Penang Pekin.

THE NEXT OVERS

  • Copper Hills drilling assays are expected in approximately 6 weeks.

  • Drill rig will relocate to Sentinel after completing Copper Hills.
  • Planned drilling will test the Mt Gossan breccia and Siberia lode.

Read full ASX Announcement here.
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Flynn Gold (ASX:FG1)

Firetower Drilling Expanded To 10 Hole Program

THE PLAY

  • Firetower drilling has commenced with an expanded 10 hole, 1,600m program.

  • Planned program increased from 3 holes to 10 holes following board approval.
  • Drilling targets down dip extensions of gold, tungsten, cobalt and copper mineralisation.
  • Program includes in fill and extensional drilling for resource definition.
  • Fresh core collection will support planned metallurgical testwork.

THE PITCH

  • Firetower is a 100% owned advanced stage gold tungsten project.

  • Mineralisation has been defined across approximately 250m of strike.
  • Drilling has defined mineralisation to depths of approximately 150m below surface.
  • Project hosts polymetallic gold, tungsten, cobalt and copper mineralisation.
  • Firetower is located within Tasmania’s Mt Read Volcanics corridor.

THE NEXT OVERS

  • Drilling will continue across the planned 10 hole program.

  • Metallurgical testwork will utilise fresh core collected from drilling.
  • Program results will support a maiden Mineral Resource Estimate.

Read full ASX Announcement here.
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Catalina Resources (ASX:CTN)

Mid West Targets Advance Toward Drilling

THE PLAY

  • Quinns sampling returned 41.7 g/t Au across newly confirmed gold woExploration planning has commenced across the recently acquired Mid West portfolio.

  • Technical review is underway across geological, drilling and geophysical datasets.
  • Target generation and prioritisation is advancing toward drill ready status.
  • Heritage due diligence and land access activities are progressing across priority areas.
  • Field reconnaissance is scheduled as exploration activities accelerate.

THE PITCH

  • Mid West portfolio comprises Kirkalocka, Pithara, Warriedar and Tallering project areas.

  • Portfolio is prospective for gold and base metal mineralisation.
  • Kirkalocka Project is adjacent to the Kirkalocka Gold Processing Plant.
  • Tallering Project covers approximately 236km² and 30km of strike.
  • Historical exploration identified mineralisation, drill targets and geophysical anomalies.

THE NEXT OVERS

  • Field reconnaissance is scheduled to commence during mid June.

  • Drill planning for priority targets is expected within approximately 6 weeks.
  • Initial drilling programs will follow planning, heritage and access activities.

Read full ASX Announcement here.