The Day’s Play Edition 93: Resource growth, sulphide discoveries and mineral system expansion | MM1, MM8, NNL
THE COIN TOSS
MM1 – Midas Minerals strengthened definition of the T-13 high grade zone with infill drilling returning up to 61.0m at 1.95% CuEq ahead of a planned resource update.
MM8 – Medallion Metals confirmed a new high grade sulphide lode outside the Kundip resource with 13.5m at 7.7g/t AuEq at Hillsborough Deeps and multiple DHEM conductors.
NNL – Nordic Resources confirmed a new high grade northern zone outside the Kopsa resource with 70.8m at 3.04g/t AuEq including 8.4m at 20.13g/t AuEq.
TG6 – TG Metals extended Van Uden gold mineralisation by 1.8km, confirming at least 4.3km of strike beyond the current 270,800oz gold resource.
KZR – Kalamazoo Resources validated Mt Olympus resource continuity with multiple high grade infill intersections and mineralisation identified outside the current resource envelope.
ENV – Enova Mining confirmed a new Curioso rare earth prospect at East Salinas with surface mineralisation including 8m at 1,590ppm TREO from surface.
YRL – Yandal Resources extended shallow oxide gold mineralisation beyond the Flushing Meadows resource footprint with 20m at 1.7g/t Au remaining open south and at depth.
RRE – Right Resources expanded the Blue tungsten anomaly to 4.7km by 3.4km with tungsten, bismuth and molybdenum mineralisation remaining open in all directions.
CTN – Catalina Resources identified significant historical gold mineralisation across its newly acquired Mid West portfolio following a review of historical drilling and exploration datasets.
CPO – Culpeo Minerals generated new copper drill targets at the Fortuna Project with rock chip assays up to 3.0% Cu at La Florida.
NMR – Native Mineral Resources delivered 397.8oz of doré from the latest Blackjack gold smelt with refinery assay and metal outturn results expected on 19 June.
Midas Minerals (ASX:MM1)
Infill Drilling Strengthens Definition of High Grade T-13 Zone
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The Play
- Infill drilling returned 61.0m at 1.95% CuEq from 282.0m.
- A second hole returned 51.4m at 2.18% CuEq from 269.0m.
- Final assays included 12.1m at 8.88% CuEq from 108.9m.
- Results were reported from four holes within the T-13 Main Zone.
- Drilling continues defining geometry and grade continuity of high grade zones.
The Pitch
- T-13 hosts an Inferred Mineral Resource of 10.5Mt at 2.0% CuEq.
- The resource contains 169,000t copper and 7.1Moz silver.
- The current resource estimate is based on pre acquisition drilling only.
- The T-13 deposit extends approximately 1.4km along strike.
- The reported holes were drilled within the T-13 Main Zone.
The Next Overs
- Additional drilling results are expected through 2H 2026.
- An updated T-13 Mineral Resource Estimate is expected later in 2026.
- Resource drilling has commenced at the Deblin deposit.
Read full ASX Announcement here.
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Medallion Metals (ASX:MM8)
New High Grade Sulphide Lode Confirmed Outside Kundip Resource
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The Play
- Extensional drilling confirmed a new high grade sulphide lode at Hillsborough Deeps.
- DD26KP1243 returned 13.5m at 7.7g/t AuEq from 379.9m.
- A second zone returned 11.7m at 5.3g/t AuEq from 440.0m.
- The intercepts occur within a broader 78.6m sulphide mineralised interval.
- Results confirmed mineralisation in the Gem footwall outside the current resource.
The Pitch
- Hillsborough Deeps is located in the footwall of the Gem deposit.
- The Kundip sulphide resource totals 5.7Mt at 5.2g/t AuEq for 950koz AuEq.
- DD26KP1243 was drilled approximately 20m west and down dip of DD24KP1232.
- DHEM surveys identified multiple conductors associated with sulphide mineralisation.
- The Hillsborough Deeps structure is interpreted as steeply northwest dipping.
The Next Overs
- Approximately 8,500m of drilling assays remain pending at Kundip.
- Further drilling is planned to test and expand Hillsborough Deeps.
- Newly identified DHEM targets will be tested in future drilling programmes.
Read full ASX Announcement here.
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Nordic Resources (ASX:NNL)
High Grade Northern Zone Confirmed Beyond Original Discovery
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The Play
- Hole NRKOP26024 returned 70.8m at 3.04g/t AuEq from 207.4m.
- The intersection included 8.4m at 20.13g/t AuEq from 221.8m.
- A peak assay of 1.2m at 105.71g/t AuEq was recorded.
- Hole 024 was drilled 60m from the original northern zone discovery.
- Results confirmed a new higher grade zone outside the current resource.
The Pitch
- Kopsa hosts a JORC Resource of 814.8koz AuEq.
- The resource includes Measured, Indicated and Inferred categories.
- Both holes targeted mineralisation near the northern footwall contact.
- The northern zone lies outside the current Kopsa resource boundary.
- Kopsa is located within Finland’s Middle Ostrobothnia Gold Belt.
The Next Overs
- Assays from nine additional Spring 2026 drill holes remain pending.
- Kopsa metallurgical testwork results are expected by end July 2026.
- An updated Kopsa resource statement is planned for Q3 2026.
Read full ASX Announcement here.
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TG Metals (ASX:TG6)
Van Uden Gold Strike Extended to 4.3km
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The Play
- Reconnaissance drilling extended known gold mineralisation 1.8km south of the current MRE.
- The Van Uden shear is now confirmed across at least 4.3km strike.
- TGGR052 returned 6m at 5.57g/t Au from 84m including 3m at 10.69g/t Au.
- Step out drilling intersected gold mineralisation along the southern extension target.
- Results confirmed continuation of the mineralised shear beyond the current resource.
The Pitch
- Van Uden hosts a Mineral Resource of 7.94Mt at 1.06g/t Au for 270,800oz.
- The resource contains 56% of ounces in the Indicated category.
- The project includes a laterite resource of 17,700oz Au.
- Gold mineralisation is hosted within the Van Uden shear structure.
- TG Metals holds an 80% interest in the Van Uden Gold Project.
The Next Overs
- Diamond drilling assays from four holes are expected in July.
- Laterite drilling results are expected from the current auger programme.
- Approvals are being sought for RC drilling north and south of the MRE.
Read full ASX Announcement here.
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Kalamazoo Resources (ASX:KZR)
High Grade Infill Drilling Confirms Resource Continuity
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The Play
- Resource definition drilling returned multiple broad high grade gold intersections at Mt Olympus.
- KARCD0141 returned 21m at 6.5g/t Au from 12m and 50m at 2.6g/t Au from 129m.
- Nine intersections exceeded 50 gram metres across the first 16 drill holes.
- Infill drilling reduced spacing to approximately 20m by 20m across key areas.
- Drilling identified mineralisation outside the current resource envelope within pit limits.
The Pitch
- Ashburton hosts a Mineral Resource of 1.44Moz Au.
- The 14,000m drilling programme is designed to support resource conversion.
- A total of 65 drill holes have been completed with results reported from 16.
- The programme provides higher density drilling within the Mt Olympus resource volume.
- Mt Olympus forms part of the wholly owned Ashburton Gold Project.
The Next Overs
- Assays remain pending from most completed resource definition drill holes.
- An updated Mineral Resource Estimate is targeted for Q4 2026.
- The Ashburton Pre Feasibility Study is targeted for completion in H1 2027.
Read full ASX Announcement here.
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Enova Mining (ASX:ENV)
New Curioso REE Prospect Extends East Salinas Footprint
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The Play
- Island executed an expanded CRADA with USAMRIID and Geneva New Curioso prospect identified within the southern East Salinas tenements.
- Auger drilling confirmed REE mineralisation from surface across multiple holes.
- Drilling returned 8m at 1,590ppm TREO and 20% NdPr from surface.
- Drilling returned 9m at 1,526ppm TREO and 16% NdPr from surface.
- Assays confirmed REE enrichment within saprolite across the Curioso prospect.
The Pitch
- Curioso shares a similar geological setting to the Naked Hill Prospect.
- Mineralisation is hosted within saprolite overlying the Medina Intrusive Granite Complex.
- Ten auger holes have been completed at Curioso for 83m.
- Surface geochemical sampling confirmed multiple TREO and NdPr anomalies.
- Curioso forms part of the East Salinas Project in Minas Gerais, Brazil.
The Next Overs
- Further auger drilling is underway to define mineralisation extent and thickness.
- Leach test recovery results from three auger holes remain pending.
- Assays from four additional auger holes are still pending.
Read full ASX Announcement here.
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Yandal Resources (ASX:YRL)
Shallow Oxide Gold Intercepts Extend Beyond Flushing Meadows Resource
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The Play
- RC pre collars returned 20m at 1.7g/t Au from 55m outside the current resource.
- The intercept includes 9m at 2.7g/t Au from 64m.
- Broad shallow oxide gold mineralisation was identified beyond the Flushing Meadows resource footprint.
- The mineralised zone remains open to the south and at depth.
- RC drilling also returned 2m at 3.3g/t Au from 4m in hole 26IWBRC0099D.
The Pitch
- Flushing Meadows hosts a Mineral Resource Estimate of 268koz at 1.1g/t Au.
- The deposit strikes for more than 1.9km at surface.
- Eight RC pre collars were completed ahead of the diamond drilling programme.
- The framework programme is testing mineralisation below the existing resource.
- Seven of eight planned diamond holes have been completed across the deposit.
The Next Overs
- First assay results from diamond hole 26IWBRC0095D are expected soon.
- Remaining diamond drilling results are anticipated throughout July.
- Follow up RC drilling is scheduled for late June or early July.
Read full ASX Announcement here.
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Right Resources (ASX:RRE)
Blue Tungsten Anomaly Expands to 4.7km by 3.4km
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The Play
- Blue tungsten anomaly expanded to 4.7km by 3.4km following surface sampling.
- Geochemical footprint increased by more than 320% from earlier mapping.
- Multiple Phase 2 samples returned tungsten values exceeding 10 times background.
- Tungsten, bismuth and molybdenum enrichment remains open in all directions.
- The anomaly is interpreted to extend westward onto EL9889.
The Pitch
- Blue Prospect is located near Tumbarumba in New South Wales.
- The prospect represents a distinct mineral system within the broader Pilot Project region.
- Sampling is being completed on a nominal 200m by 200m grid.
- Primary tungsten minerals including scheelite and wolframite have been identified in outcrop.
- Blue was identified using the Company’s RIRGS exploration model developed with CODES.
The Next Overs
- Phase 3 sampling will test northern and western anomaly extensions.
- Metallurgical testwork is underway to assess tungsten recovery characteristics.
- Permitting for drill testing of the Blue Prospect system is progressing.
Read full ASX Announcement here.
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Catalina Resources (ASX:CTN)
Historical Review Confirms Gold Mineralisation Across Mid West Portfolio
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The Play
- Historical review confirmed significant gold mineralisation across the Mid West portfolio.
- Pithara drilling returned 5m at 2.70g/t Au including 1m at 8.53g/t Au.
- Kirkalocka drilling confirmed multiple gold zones including 28m at 1.09g/t Au.
- Tallering exploration identified gold, silver and copper mineralisation across multiple prospects.
- Deflector North aircore drilling returned 10m at 3.21g/t Au from surface.
The Pitch
- The Mid West portfolio comprises Pithara, Kirkalocka, Tallering and Warriedar.
- The acquisition expanded Catalina’s Western Australian gold project footprint.
- The review assessed historical drilling, geological, geochemical and geophysical datasets.
- Portfolio growth was supported by a $3.0 million capital raising.
- The projects contain historical workings, documented mineralisation and extensive exploration data.
The Next Overs
- Field activities have commenced across multiple priority target areas.
- Heritage assessments and land access activities are progressing.
- Target prioritisation and drill planning are expected within coming weeks.
Read full ASX Announcement here.
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Culpeo Minerals (ASX:CPO)
Rock Chip Sampling Generates New Copper Drill Targets
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The Play
- La Florida rock chip sampling returned a peak result of 3.0% Cu.
- Four of 15 La Florida samples returned copper values above 1.0% Cu.
- The 3.0% Cu sample was collected 1km west of previous drilling.
- El Quillay sampling returned two copper assays above 1.0% Cu.
- A peak copper result of 2.2% Cu was returned at El Quillay.
The Pitch
- La Florida and El Quillay are located within the Fortuna Project in Chile.
- A total of 22 rock chip samples were collected during geological mapping.
- Samples were analysed for a suite of 26 elements.
- The El Quillay prospects occur along the El Quillay Fault Zone.
- The project integrates mapping, trenching, geochemical and geophysical datasets.
The Next Overs
- Results are being integrated with existing exploration datasets ahead of drilling.
- Follow up field work is planned at La Florida.
- Further mapping and sampling are planned at El Quillay to generate drill targets.
Read full ASX Announcement here.
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Native Mineral Resources (ASX:NMR)
Blackjack Gold Smelt Produces 397.8 oz Doré
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The Play
- Latest Blackjack gold smelt produced 397.8 oz across three doré bars.
- Doré bars BJM065 to BJM067 have been dispatched for refining.
- Official refinery assay and metal outturn results are expected on 19 June.
- Previous refinery outturn returned 290.9 oz gold and 148.2 oz silver.
- Previous smelt delivered payable metal contents of 60.23% Au and 30.83% Ag.
The Pitch
- Blackjack Gold Operations are located near Charters Towers in Queensland.
- Blackjack, Podosky and Far Fanning form part of the operating portfolio.
- Far Fanning haulage continues supplying supplementary feed to Blackjack processing.
- Podosky mining activities continue in line with the current mine schedule.
- Blackjack and Podosky mining activities continue progressing in accordance with plan.
The Next Overs
- Water bore drilling programme is scheduled to commence next week.
- Progressive Rehabilitation and Closure Plans remain scheduled for June submission.
- Two additional gold smelts are forecast during June 2026.
Read full ASX Announcement here.
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