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

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.

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.

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.

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.

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.

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.

Chimeric Therapeutics (ASX:CHM)

82% Disease Control Reported In Phase 1/2 Trial

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.

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.

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.

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.

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.