The Day’s Play Edition 96: Resource growth, corridor extensions and new mineral system targets | MPK, AKA, LMS

THE COIN TOSS

MPK – Many Peaks Minerals extended the northern Ouarigue mineralised corridor beyond the existing Resource, with all 11 reported diamond holes returning significant gold intersections.

AKA – Aureka lifted Global JORC Resources 26% to 455koz of gold, driven by a 30% increase at the Irvine Gold Project.

LMS – Litchfield Minerals reframed Harts Range as a district-scale copper-nickel system, supported by a deep conductor beneath known Ni-Cu-PGE mineralisation.

TM1 – Terra Metals confirmed continuity of PGM-Cu-Ni-Co sulphide mineralisation across a 950m Southwest corridor through infill and extensional drilling.

NIM – Nimy Resources identified a second large gold anomaly 3.6km from Corporate James, expanding priority drill targets along the Mons gold trend.

KNI – Kuniko confirmed gold-silver mineralisation at the largely untested Walls and Stringers prospects adjacent to Commonwealth-Silica Hill.

TGN – Tungsten Mining lifted contained WO₃ 8% to 76,000 tonnes through an updated Watershed Mineral Resource Estimate.

KAO – Kaoko Metals prioritised the Chalkos copper-silver project for maiden diamond drilling, with site preparation and targeting work completed.

CRR – Critical Resources advanced DSD-deposited cathodes from coin cells into full-format pouch cells as solid-state battery evaluation progressed.

DVL – dorsaVi completed its first integrated RRAM-CMOS validation chip design, advancing the program into fabrication and silicon implementation.

PR1 – Pure Resources validated CNTF thermal management architectures delivering equivalent performance at up to 5.5x lower weight than copper.

Many Peaks Minerals (ASX:MPK)

Northern Ouarigue Drilling Extends Mineralised Corridor

The Play

  • Diamond drilling extended the northern Ouarigue mineralised corridor.
  • All 11 reported diamond holes returned significant gold intercepts.
  • FNDC112 returned 41.5m @ 1.42g/t Au and 39.8m @ 3.94g/t Au.
  • FNDC110 returned 94.7m @ 1.43g/t Au including 5.4m @ 12.40g/t Au.
  • Results support extension and delineation of the Ouarigue Resource corridor.

The Pitch

  • Ouarigue hosts a Mineral Resource of 26.7Mt @ 1.54g/t Au.
  • The current resource contains 1,323,000oz of gold.
  • The Ferké Gold Project is located in Côte d’Ivoire.
  • Drilling targets the northern extent of the existing Ouarigue Resource.
  • The company is executing a 60,000m drilling programme across Côte d’Ivoire.

The Next Overs

  • Assays are pending from 5,131m of RC drilling at Ouarigue.
  • RC drilling continues on targets 2-4km south of Ouarigue.
  • An updated Mineral Resource Estimate is planned following ongoing drilling.

Read full ASX Announcement here.
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Aureka (ASX:AKA)

Global JORC Resources Increase 26% To 455koz

The Play

  • Global JORC Resources increased 26% to 455koz of gold.
  • The Irvine Resource increased 30% to 398koz of gold.
  • Irvine gold grade increased to 2.59g/t Au from 2.43g/t Au.
  • The resource update added 23% to total tonnes at Irvine.
  • The Resolution Lode increased to 358koz at 2.71g/t Au.

The Pitch

  • The Irvine Gold Project is located within the Stawell Corridor.
  • The Irvine Resource comprises 4.79Mt at 2.59g/t Au.
  • The Resolution Lode contains 4.11Mt at 2.71g/t Au for 358koz.
  • The Adventure Lode remains unchanged at 40.3koz of gold.
  • Aureka’s global resource inventory totals 454.8koz of gold.

The Next Overs

  • Diamond drilling continues beyond the updated Irvine Mineral Resource.
  • Diamond drilling is targeting areas outside the current Resource.
  • Infill drilling is underway at the St Arnaud Comstock Project.

Read full ASX Announcement here.
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Litchfield Minerals (ASX:LMS)

Harts Range Reframed As District-Scale Copper-Nickel System

The Play

  • BHP Xplor research reframed Harts Range as a district-scale copper-nickel system.
  • A deep C2 conductor sits beneath Blackadder-Baldrick Ni-Cu-PGE mineralisation.
  • The C2 conductor was identified from reprocessed MT and seismic data.
  • Integrated datasets generated a coherent mineral systems targeting model.
  • Known sulphide mineralisation is associated with major crustal pathways.

The Pitch

  • Harts Range spans the Irindina and Aileron provinces in the NT.
  • The portfolio contains copper, nickel and sulphide mineral occurrences.
  • MT, seismic, gravity, magnetic and isotopic datasets were integrated.
  • The Blackadder-Baldrick prospects occur directly above the C2 conductor.
  • The company holds a district-scale tenure position across Harts Range.

The Next Overs

  • Two approximately 50km MT and gravity survey lines will be acquired.
  • New geophysical datasets will be integrated into the targeting model.
  • High-priority targets will advance toward drill testing.

    Read full ASX Announcement here.

The Day's Play Sponsor - MPH Lawyers

Terra Metals (ASX:TM1)

Southwest Sulphide Corridor Extends To 950m Strike

The Play

  • Infill drilling confirmed sulphide continuity between the SW5 and SW6 zones.
  • The Southwest Sulphide Corridor now extends at least 950m along strike.
  • SWRC058 returned 20m @ 2.12g/t PGE3, 0.16% Cu and 0.13% Ni.
  • SWRC033 returned 22m @ 1.21g/t PGE3 and 0.12% Cu.
  • All reported infill and extensional holes intersected sulphide mineralisation.

The Pitch

  • Southwest is a PGM-Cu-Ni-Co sulphide discovery at the Dante Project.
  • The corridor sits outside the existing 148Mt Dante Mineral Resource.
  • Mineralisation is defined over 950m strike and 750m down-dip extent.
  • Southwest is hosted within the Jameson Layered Intrusion.
  • The Jameson Layered Intrusion extends approximately 80km by 30km.

The Next Overs

  • Assays remain pending from RC-diamond tail holes at Southwest.
  • Diamond drilling will continue targeting sulphide extensions at Southwest.
  • A maiden Southwest Mineral Resource Estimate is targeted for H2 2026.

Read full ASX Announcement here.
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Nimy Resources (ASX:NIM)

Second Gold Anomaly Expands Corporate James Targets

The Play

  • Soil sampling identified a second large gold anomaly at Mons.
  • The new anomaly lies 3.6km southwest of Corporate James.
  • The anomaly shares the same granite-greenstone contact setting.
  • Multi-element pathfinder signatures mirror those at Corporate James.
  • The new target expands the footprint of priority drill targets.

The Pitch

  • The Corporate James Trend extends approximately 16km along strike.
  • Gold anomalism is associated with As, Sb, Bi, Mo, Te, W and Ag.
  • The highest Corporate James anomalies occur across a 720m strike zone.
  • The broader trend remains open-ended along strike.
  • The prospect is located within the Mons Project in Western Australia.

The Next Overs

  • Additional assay batches are expected in coming weeks.
  • Further infill and extensional sampling is planned along strike.
  • The maiden gold drill program is scheduled for the coming quarter.

Read full ASX Announcement here.
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Kuniko (ASX:KNI)

Gold-Silver Mineralisation Confirmed At Walls And Stringers

The Play

  • Rock chip sampling confirmed gold-silver mineralisation at Walls and Stringers.
  • Walls returned up to 4.7g/t AuEq including 2.6g/t Au and 118g/t Ag.
  • Stringers returned up to 2.7g/t AuEq including 1.8g/t Au and 37g/t Ag.
  • Stringers hosts historical workings but remains untested by drilling.
  • Results confirmed mineralisation beyond the Commonwealth-Silica Hill project footprint.

The Pitch

  • Walls and Stringers are located less than 1km from Commonwealth-Silica Hill.
  • Both prospects occur within the Welcome Jack mineralised corridor.
  • Mineralisation is associated with a mapped Devonian-aged diorite intrusion.
  • Historical workings occur at both prospect areas.
  • MobileMT and gravity data support an intrusive complex at depth.

The Next Overs

  • Regional targeting review is underway across the 4km corridor.
  • Phase 2 diamond drilling at Commonwealth-Silica Hill will commence in early July 2026.
  • An updated Commonwealth-Silica Hill Mineral Resource Estimate is targeted for H2 2026.

Read full ASX Announcement here.
The Day's Play Sponsor - Topdrill

Tungsten Mining (ASX:TGN)

Updated Watershed Resource Lifts Contained WO₃ By 8%

The Play

  • Contained WO₃ increased 8% to 76,000 tonnes in the updated MRE.
  • Watershed hosts 69.7Mt at 0.109% WO₃ at a 0.04% cut-off.
  • The reporting cut-off grade was reduced from 0.05% WO₃.
  • The updated estimate comprises Measured, Indicated and Inferred Resources.
  • The resource update was reported under the 2012 JORC Code.

The Pitch

  • Watershed is a 100%-owned tungsten project in Queensland.
  • The project contains granted Mining Leases and active exploration permits.
  • A current Environmental Authority is approved for open-pit development.
  • The deposit extends approximately 1.2km in strike and 250-500m across strike.
  • Mineral Resources extend from surface to approximately 450m depth.

The Next Overs

  • No new exploration activities were outlined in the announcement.
  • No drilling programs were disclosed in the update.
  • No specific development milestones or timelines were provided.

Read full ASX Announcement here.
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Kaoko Metals (ASX:KAO)

Chalkos Prioritised For Maiden Diamond Drilling

The Play

  • Kaoko prioritised Chalkos ahead of the previously planned Karibib program.
  • Maiden diamond drilling at Chalkos is targeted within approximately 6 weeks.
  • Site preparation and drill readiness activities are well advanced.
  • Structural work refined drill targeting at Donkey Hill and Otniel.
  • Final reconnaissance and logistics planning have been completed.

The Pitch

  • Chalkos is a copper-silver project within Kaoko’s Namibian portfolio.
  • Donkey Hill and Otniel are the initial drilling targets at Chalkos.
  • Copper mineralisation outcrops at surface at both prospects.
  • Structural geological assessments were completed across the mineralised system.
  • Karibib is a gold-copper-tungsten project in Namibia.

The Next Overs

  • Drilling contractor selection and mobilisation planning will be finalised.
  • Maiden diamond drilling is targeted to commence within approximately 6 weeks.
  • A regional geochemical sampling program will commence at Karibib.

Read full ASX Announcement here.

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Critical Resources (ASX:CRR)

DSD Cathode Advances Into Full-Format Pouch Cells

The Play

  • DSD-deposited cathode advanced from coin cells into full-format pouch cells.
  • Full-format pouch cells built to demonstrate cathode integration into working cells.
  • Electrochemical testing is underway following expected behaviour during initial conditioning.
  • Pouch cells validate the DSD-deposited cathode using a liquid electrolyte baseline.
  • Coin-cell and pouch-cell electrochemical testing are underway.

The Pitch

  • The battery program is being evaluated at South Dakota School of Mines.
  • CRR holds an exclusive option over the underlying solid-state battery IP.
  • DSD uses dry room-temperature deposition without solvents, binders or furnaces.
  • The pouch cells contain DSD-deposited cathode composites and lithium-metal anodes.
  • CRR’s strategy is to license battery materials and manufacturing intellectual property.

The Next Overs

  • Complete electrochemical testing across pouch-cell and coin-cell formats.
  • Submit optimised baseline cells for independent third-party electrochemical testing.
  • Integrate ASE thin-film electrolyte into the pouch-cell platform.

Read full ASX Announcement here.
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dorsaVi (ASX:DVL)

RRAM-CMOS Validation Chip Advances Into Fabrication

The Play

  • dorsaVi completed the design package for its RRAM-CMOS validation chip.
  • The completed design advances the program into tape-out and silicon implementation.
  • The chip incorporates self-checking write-and-verify memory circuitry.
  • Compute-in-Memory functionality supports local accumulation across up to 64 inputs.
  • The design integrates RRAM with commercial CMOS using BEOL processes.

The Pitch

  • The validation chip was developed with NTU Singapore and ITRI Taiwan.
  • The chip combines RRAM memory technology with commercial CMOS architecture.
  • Write-and-verify circuitry checks programmed memory states after each write.
  • Compute-in-Memory uses the same RRAM array for storage and computation.
  • Commercial CMOS wafers are sourced through TSMC.

The Next Overs

  • The chip will proceed to tape-out as scheduled.
  • Validated silicon will progress toward integration into dorsaVi’s sensing platform.
  • Market evaluation and commercialisation activities will continue across target sectors.

Read full ASX Announcement here.
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Pure Resources (ASX:PR1)

CNTF Delivers Equivalent Thermal Performance At Lower Weight

The Play

  • CNTF architectures target up to 5.5x lower weight than copper.
  • Equivalent thermal performance achieved at up to 3x lower weight than aluminium.
  • Single CNTF measured at half aluminium density and one-sixth copper density.
  • Thermal conductivity exceeding copper and aluminium was previously established.
  • Weight efficiency results released within the staged testing program.

The Pitch

  • Pure is developing carbon nanotube fibre thermal management technology with Rice University.
  • CNTF supports woven, knitted and braided thermal management architectures.
  • The company maintains a funded CNTF research and development collaboration.
  • Engagement is underway with data centre, defence and electronics participants.
  • Funding strategy targets United States Defence and Energy programs.

The Next Overs

  • Thermal anisotropy testing remains underway.
  • System-level heat performance testing is scheduled.
  • Prototype evaluation and integration discussions continue.

Read full ASX Announcement here.