Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) shares traded higher in Monday morning's deals after it reported positive soil gas geochemistry results at the HY-Range project (RSEL 802) in South Australia.
Hydrogen readings exceeding 1,000 ppm and peaking at 3,000 ppm, and helium values up to 27 ppm, the company told investors.
Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) last week confirmed it had secured a three-year extension to major project status for the Broken Hill Cobalt Project. Dr Andrew Tong spoke with Proactive about the latest developments.
Resolution Minerals Ltd (ASX:RML, OTC:RLMLF) last week shared plans to begin exploration at the Horse Heaven Gold, Antimony, Silver, and Tungsten Project in Idaho, USA. Resolution Minerals CEO of US Operations Craig Lindsay talked with Proactive about the company’s upcoming maiden exploration program.
South32 Ltd (LSE:S32, ASX:S32, OTC:SHTLF, JSE:S32) has entered into a binding agreement to divest its Cerro Matoso nickel operation in Colombia to a subsidiary of CoreX Holding B.V., marking a strategic move to streamline its portfolio and focus on higher-margin businesses.
The deal, which is subject to regulatory approvals and a reorganisation of the entity holding Cerro Matoso, is expected to complete by late 2025.
QMines Ltd (ASX:QML) has completed its acquisition of the Mt Mackenzie Gold and Silver Project from Resources & Energy Group Ltd, adding another high-quality asset to its expanding portfolio of copper and gold projects in Queensland and further strengthening its foothold in the region’s lucrative mining sector.
The project, located near QMines' existing Mt Chalmers and Develin Creek assets, enhances the company’s strategic hub-and-spoke development model. With Mt Mackenzie’s existing JORC resource of 3.4 million tonnes at 1.18 g/t gold and 9 g/t silver, the deal increases QMines’ precious metal exposure, setting the company up for further exploration and growth.
Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has received approval from the Western Australian Government Department of Mines, Petroleum and Exploration (DMPE) for a two-year extension to apply for a Petroleum Production Licence or a Petroleum Retention Lease over the Rafael gas and condensate field, located within Exploration Permit EP 428 in the Canning Basin.
The extension preserves Buru’s development timeline for the Rafael Gas Project, allowing the company to progress towards first production while retaining the flexibility to lodge a licence application upon completion of key project milestones.
Aurum Resources Ltd (ASX:AUE) has commenced a 30,000-metre diamond drilling program at its Napié Gold Project in Côte d'Ivoire, as the company targets substantial growth in its existing resource base.
The drilling, which started in June, forms part of Aurum’s broader strategy to expand its current 870,000-ounce gold resource and to test several promising untested targets across the project area.
RBC Capital Markets analyst Alex Barkley has labelled Northern Star Resources Ltd (ASX:NST) financial year 2026 (FY26) guidance as “weak” across key metrics, driving investor concern and a 6% fall in the company’s share price to A$17.27.
Barkley noted that FY26 production guidance of 1.7–1.85 million ounces (Moz) was “slightly lower” than consensus estimates of 1.811Moz, despite already softened expectations following a guidance downgrade in the March 2025 quarter.
Antipa Minerals Ltd (ASX:AZY) will bank $40 million to accelerate exploration and development at its 100%-owned Minyari Project in the Paterson Province, Western Australia. The share placement is priced at A$0.60 per share and the company will issue around 66.7 million new shares. The placement price reflects a 12.4% discount to both the company’s last closing price on July 2, 2025 and its five-day volume weighted average price.
Combined with existing cash reserves of approximately A$36 million, the A$40 million Placement will see Antipa emerge with a post-raise cash balance of around A$74 million (after costs). This strengthened financial position is expected to support the delivery of key value catalysts over the coming two years, while preserving balance sheet flexibility.
Mineral Resources Ltd (ASX:MIN) has taken a significant step in its board renewal strategy, announcing the appointment of Lawrie Tremaine and Ross Carroll as independent non-executive directors. The move enhances the company’s financial oversight and governance capabilities as it sharpens its focus on balance sheet strength and long-term value creation.
The appointments come as part of a broader renewal process led by independent chair Malcolm Bundey, who stated, “Their appointments reflect my immediate priorities as chair — to strengthen our board composition, our corporate governance and place a comprehensive focus on the balance sheet.
Dynamic Metals Ltd (ASX:DYM) is ready to advance its exploration at the Chalice South gold prospect, within the Widgiemooltha Project in Western Australia, after receiving heritage clearance from the Ngadju Native Title Aboriginal Corporation. The approval clears the way for the company to move forward with its planned 13-hole reverse circulation (RC) drilling program.
The company has also secured the Programme of Work (PoW) approval from the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS), putting it on track for drilling to be completed by the end of the September quarter.