The Day’s Play Edition 90: Copper discovery, uranium resource growth and sulphide extensions | WCN, EL8, AZ9
THE COIN TOSS
WCN – White Cliff Minerals confirmed 19.81m at 6.64% Cu including 7.62m at 11.38% Cu and 3.05m at 17.68% Cu from a new Danvers copper discovery zone.
EL8 – Elevate Uranium expanded the Marenica Mineral Resource 31% to 52.8Mlb U₃O₈ after infill drilling added 12.6Mlb contained uranium.
AZ9 – Azzuro Resources extended Red Hill massive sulphide mineralisation by 124m while confirming 13.1m at 2.58% Cu, 0.96g/t Au and 22.4g/t Ag.
TM1 – Terra Metals confirmed broad high grade PGM Cu Ni Co sulphide mineralisation including 100.0m at 1.06g/t PGE3 and multiple higher grade sulphide zones at Southwest.
MTH – Mithril Silver and Gold extended El Refugio mineralisation beyond a post mineral dyke while delivering 7.25m at 4.01g/t Au and 225.1g/t Ag.
ILA – Island Pharmaceuticals executed an expanded USAMRIID agreement advancing Galidesivir dose optimisation ahead of a planned Marburg virus study.
AM5 – Antares Metals commenced maiden RC drilling across seven untested geophysical targets at the Conglomerate Creek prospect within Mt Isa North.
DEL – Delorean secured GreenPower Renewable Gas accreditation for the SA1 Salisbury project enabling Renewable Gas Guarantee of Origin certificate generation.
AS2 – Askari Metals confirmed a 950m polymetallic pegmatite system at K9 with trenching defining tin, lithium, tantalum, rubidium and caesium mineralisation.
LU7 – Lithium Universe delivered 99.5% gold recovery and 98.5% copper recovery from electronic waste using licensed GCDE extraction technology.
DAF – Discovery Alaska delivered rock sample assays grading up to 767g/t silver and 11.67g/t gold from the Boulder Creek project in Idaho.
White Cliff Minerals (ASX:WCN)
Danvers Discovery Hole Returns 19.81m At 6.64% Cu
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The Play
- DAN26012 returned 19.81m at 6.64% Cu from 152.4m.
- The interval included 7.62m at 11.38% Cu and 3.05m at 17.68% Cu.
- A higher grade interval returned 1.52m at 21.1% Cu.
- DAN26012 identified a new high grade copper zone along the Teshierpi Fault Zone.
- 2026 assays confirmed copper mineralisation across more than 2.6km of strike.
The Pitch
- Danvers forms part of the Rae Copper Project in Nunavut, Canada.
- The Teshierpi Fault Zone extends for more than 10km across the project.
- Copper sulphides have been observed across more than 4.1km of strike.
- The mineralised system remains open in both directions and towards surface.
- Drilling is being conducted on wide spacings commonly exceeding 300m.
The Next Overs
- Continue RC step out drilling across 12,000m of prospective strike.
- Commence diamond drilling along the Teshierpi Fault Zone.
- Undertake step out, infill and scissor drilling of high grade zones.
Read full ASX Announcement here.
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Elevate Uranium (ASX:EL8)
Marenica Resource Expands 31% to 52.8 Mlb U3O8
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The Play
- Marenica resource expands 31% to 52.8 Mlb U3O8 through infill drilling.
- Infill drilling added 12.6 Mlb U3O8 from identified growth targets.
- Updated resource totals 134.5 Mt at 180 ppm U3O8.
- Namibian uranium portfolio reaches 116 Mlb U3O8 across projects.
- Areas A and B were incorporated into the latest resource estimate.
The Pitch
- Marenica hosts uranium mineralisation within palaeochannels and weathered basement lithologies.
- Resource contains 134.5 Mt grading 180 ppm for 52.8 Mlb U3O8.
- Calcrete hosted mineralisation accounts for 38.6 Mlb contained uranium.
- Weathered basement mineralisation contributes 14.2 Mlb contained uranium.
- Marenica sits within the Central Erongo tenement package, Namibia.
The Next Overs
- Bulk samples continue processing through the Namibian U-pgrade™ Pilot Plant.
- Results expected to provide inputs for future feasibility studies.
- Infill drilling continues upgrading Inferred resources to Indicated classification.
Read full ASX Announcement here.
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Azzuro Resources (ASX:AZ9)
Red Hill Massive Sulphide System Extends 124m
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The Play
- Massive sulphide mineralisation extends 124m west northwest to drillhole MU2605.
- Massive sulphide mineralisation has now been intersected across 272m of strike.
- MU2601 returned 13.1m at 2.58% Cu, 0.96 g/t Au and 22.4 g/t Ag.
- A second massive sulphide zone returned 6.4m at 1.68% Cu.
- Shallow gold silver mineralisation returned 4.9m at 3.49 g/t Au.
The Pitch
- Red Hill is a 100% owned copper gold VMS project in Mongolia.
- The project hosts copper, gold, zinc and silver massive sulphide mineralisation.
- The project hosts multiple geophysical and geochemical anomalies.
- The 2026 program targets VMS extensions and shallow oxide gold silver mineralisation.
- The mineralised system remains open at depth and along strike.
The Next Overs
- Assays for MU2602 to MU2607 and MURC01 to MURC03 remain pending.
- Continue diamond drilling to define the shallow oxide gold silver zone.
- Complete DHEM surveys and gravity modelling to refine future targeting.
Read full ASX Announcement here.
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Terra Metals (ASX:TM1)
Southwest Drilling Confirms Broad High Grade Sulphide Zones
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The Play
- SWDD011 returned 100.0m at 1.06 g/t PGE3, 0.11% Cu and 0.19% Ni from 200m.
- The interval included 16.3m at 2.56 g/t PGE3, 0.25% Cu and 0.36% Ni.
- A high grade zone returned 1.1m at 8.76 g/t PGE3, 1.54% Ni and 1,068 ppm Co.
- SWRD051 returned 11.0m at 1.32 g/t PGE3 and remains open at depth.
- SWDD009 returned 39.5m at 0.70 g/t PGE3 including 0.6m at 17.11 g/t PGE3.
The Pitch
- Southwest forms part of the Dante Project in Western Australia.
- The project hosts PGM Cu Ni Co sulphide mineralisation within a layered intrusion.
- Southwest contains the SW5 and SW6 sulphide discovery zones.
- The Dante Project hosts an existing Mineral Resource Estimate of 148Mt.
- The Southwest system contains multiple stacked mineralised reef horizons.
The Next Overs
- Receive pending diamond assay results from SWRD051.
- Continue diamond and RC drilling across mineralised horizons and additional targets.
- Undertake further PGE7 assay programs across the Southwest system.
Read full ASX Announcement here.
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Mithril Silver and Gold (ASX:MTH)
El Refugio Expansion Drilling Extends Mineralisation
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The Play
- Drilling intersected mineralisation beyond the post mineral dyke at El Refugio.
- RE26-013 returned 7.25m at 4.01 g/t Au and 225.1 g/t Ag.
- The interval included 3.30m at 7.11 g/t Au and 368.2 g/t Ag.
- A higher grade zone returned 0.50m at 15.25 g/t Au and 533.0 g/t Ag.
- Three of six El Refugio expansion holes intersected high grade gold silver mineralisation.
The Pitch
- Copalquin is a district scale gold silver project in Durango, Mexico.
- Target 1 comprises the El Refugio and La Soledad vein systems.
- The Target 1 area contains 204 completed drill holes totalling 60,567.55m.
- The El Refugio system comprises four veins on the footwall and hangingwall sides.
- Mineralisation at El Refugio remains open at depth.
The Next Overs
- Complete the updated Target 1 Mineral Resource Estimate planned for late June 2026.
- Expand mapping activities across the District North Section.
- Undertake extensional drilling following previous Target 5 drilling results.
Read full ASX Announcement here.
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Island Pharmaceuticals (ASX:ILA)
USAMRIID Agreement Advances Galidesivir Marburg Study
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The Play
- Island executed an expanded CRADA with USAMRIID and Geneva Foundation.
- The amendment advances the planned Galidesivir dose optimisation study.
- The agreement finalised study design and resourcing requirements.
- The study will evaluate minimally effective dosing against Marburg Angola.
- Study commencement remains targeted for next quarter with results in H2 CY26.
The Pitch
- Galidesivir is a clinical stage antiviral targeting multiple RNA viruses.
- USAMRIID is the US Army’s primary infectious disease research institute.
- USAMRIID operates the Department of War’s only BSL 4 laboratory.
- The study will assess varying dose regimens and treatment initiation timepoints.
- Previous NHP studies reported approximately 94% survival versus 0% placebo controls.
The Next Overs
- Complete final operational planning and study preparation activities.
- Commence the Galidesivir dose optimisation study next quarter.
- Report topline study results during H2 CY26.
Read full ASX Announcement here.
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Antares Metals (ASX:AM5)
Maiden Drilling Begins At Untested Conglomerate Creek Targets
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The Play
- Maiden RC drilling has commenced at the Conglomerate Creek prospect.
- A ~1,000m program is testing seven high priority geophysical anomalies.
- Target 2 will receive the first subsurface test of the target suite.
- The anomalies have never previously been drill tested.
- A new field campaign is advancing mapping, structural interpretation and drill targeting.
The Pitch
- Conglomerate Creek forms part of the 100% owned Mt Isa North Copper Project.
- The prospect hosts seven geophysical anomalies identified from 2024 geophysical data.
- The anomalies are interpreted to be associated with a buried intrusion.
- A 2km by 2.5km semi circular intrusive feature is recognised at surface.
- Rock chip sampling previously returned up to 21.30% Cu, 1.72 g/t Au and 506 g/t Ag.
The Next Overs
- Continue the ~1,000m RC drilling program at Conglomerate Creek.
- Advance geological mapping, structural interpretation and additional drill targeting.
- Follow up stronger geochemical responses north of the geophysical targets.
Read full ASX Announcement here.
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Delorean Corporation (ASX:DEL)
SA1 Receives GreenPower Renewable Gas Accreditation
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The Play
- SA1 Salisbury has secured GreenPower Renewable Gas Certification accreditation.
- The accreditation enables Renewable Gas Guarantee of Origin certificate creation.
- SA1 is eligible to participate in GreenPower’s renewable gas certification framework.
- GreenPower approval was granted for the South Australian SA1 project.
- SA1 qualified under GreenPower’s renewable gas project accreditation requirements.
The Pitch
- SA1 is a 100% owned bioenergy project in South Australia.
- Stage 1 will process up to 70,000 tonnes annually of organic waste.
- The project targets production of up to 210 TJ annually of biomethane.
- SA1 will upgrade biogas into biomethane for gas network injection.
- The project is supported by $6.1M in ARENA grant funding.
The Next Overs
- Complete final stages of construction at the SA1 facility.
- Advance Stage 1 biomethane production at the Salisbury project.
- Progress biomethane injection into the Adelaide gas network.
Read full ASX Announcement here.
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Antares Metals (ASX:AM5)
Maiden Drilling Begins At Untested Conglomerate Creek Targets
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The Play
- Maiden RC drilling has commenced at the Conglomerate Creek prospect.
- A ~1,000m program is testing seven high priority geophysical anomalies.
- Target 2 will receive the first subsurface test of the target suite.
- The anomalies have never previously been drill tested.
- A new field campaign is advancing mapping, structural interpretation and drill targeting.
The Pitch
- Conglomerate Creek forms part of the 100% owned Mt Isa North Copper Project.
- The prospect hosts seven geophysical anomalies identified from 2024 geophysical data.
- The anomalies are interpreted to be associated with a buried intrusion.
- A 2km by 2.5km semi circular intrusive feature is recognised at surface.
- Rock chip sampling previously returned up to 21.30% Cu, 1.72 g/t Au and 506 g/t Ag.
The Next Overs
- Continue the ~1,000m RC drilling program at Conglomerate Creek.
- Advance geological mapping, structural interpretation and additional drill targeting.
- Follow up stronger geochemical responses north of the geophysical targets.
Read full ASX Announcement here.
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Lithium Universe (ASX:LU7)
GCDE Technology Delivers 99.5% Gold Recovery
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The Play
- Optimisation testing achieved 99.5% gold recovery from electronic waste feedstock.
- Optimisation testing achieved 98.5% copper recovery from mixed metal leach solutions.
- Laboratory simulations were completed using commercially available electronic waste.
- Gold and copper were sequentially recovered from the same feedstock.
- Recovery rates were achieved using licensed GCDE extraction technology.
The Pitch
- GCDE was developed by the University of Edinburgh School of Chemistry.
- The process selectively recovers gold and copper from electronic waste streams.
- The process operates under low temperature hydrometallurgical conditions.
- The technology avoids cyanide, aqua regia and high temperature smelting.
- Recovery reagents can be regenerated for reuse within the process.
The Next Overs
- Progress engineering review of scale up parameters.
- Advance pilot plant design assessment activities.
- Continue feedstock supply engagement and process integration studies.
Read full ASX Announcement here.
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Discovery Alaska (ASX:DAF)
Rock Samples Return 767 g/t Silver And 11.67 g/t Gold
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The Play
- Rock sampling returned assays grading up to 767 g/t silver.
- Rock sampling returned 11.67 g/t gold with 39.1 g/t silver.
- Five rock samples returned laboratory gold and silver assay results.
- Results were collected from the targeted historic Nerco prospect area.
- Additional assays returned up to 93.9 g/t silver.
The Pitch
- Boulder Creek is located in Idaho near the historic mining town of Silver City.
- Project geology is prospective for epithermal vein hosted gold silver mineralisation.
- The project is also prospective for disseminated gold silver mineralisation.
- Discovery Alaska holds 100% of 20 BLM claims at Boulder Creek.
- The company holds an option over Idaho State Lease E600117.
The Next Overs
- Exploration planning continues alongside required approval applications.
- Consultants are preparing works for an initial drilling program.
- Drilling is targeted during the northern summer period.
Read full ASX Announcement here.
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