The S&P/ASX Small Ordinaries Index climbed 29.30 points or 0.88% to 3,363.80 on Tuesday, extending its five-day gain to 2.10% or 69.30 points, as investors responded positively to updates from small-cap companies across the biotech and resource sectors. The Noosa Mining Conference kicks off today, but there's still plenty of news to look forward to.
Race Oncology progresses clinical program
Race Oncology Ltd (ASX:RAC, OTC:RAONF) released its fourth quarter FY2025 report, highlighting a cash balance of A$13.67 million at June 30, 2025. More than 83% of quarterly expenditure (A$3.11 million) was allocated to research and development and drug manufacturing. During the quarter, the company achieved two key milestones in its RC220 cardioprotection and anticancer clinical program, safely treating the first patient with RC220 alone and in combination with doxorubicin.
Sovereign Metals advances Kasiya fieldwork
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) announced the completion of feasibility-level geotechnical fieldwork at its Kasiya Rutile-Graphite Project in Malawi. The work, conducted by ARQ Geotech with oversight from the Sovereign-Rio Tinto Technical Committee, marks a critical step in the Definitive Feasibility Study and supports the project’s Tier-1 credentials.
Resource Mining begins RAB drilling in Tanzania
Resource Mining Corporation Ltd (ASX:RMI) has started a rotary air blast (RAB) drilling program at its 1,056 square kilometre Mpanda Copper-Gold Project in Tanzania. Initial drilling is targeting anomalous zones at the Stalike and Kabungu prospects, with angled holes testing mineralised weathered zones.
Percheron reports promising preclinical data
Percheron Therapeutics Ltd (ASX:PER, OTC:PERCF) unveiled new preclinical data for its investigational cancer therapy HMBD-002, recently published in Cell Reports. The study, conducted in collaboration with Stanford University, explored HMBD-002 in combination with radiotherapy in an animal model of squamous cell carcinoma of the head and neck.
Dynamic Metals returns encouraging gold results
Dynamic Metals Ltd (ASX:DYM)reported new drilling results from the Cognac West gold prospect, part of its Widgiemooltha Project in Western Australia. The program aims to refine the geological model following the identification of two large surface anomalies at Anomalies A and B.