The S&P/ASX Small Ordinaries Index (XSO) climbed 0.34% yesterday, closing at 3,331.5, as several juniors reported important milestones. With Diggers and Dealers continuing this week, small cap stocks continue gaining attention, as several companies report significant progress across various projects. From resource updates to strategic acquisitions, here’s a look at the latest developments.
FireFly Metals sets Green Bay on path to production
FireFly Metals Ltd (ASX:FFM, TSX:FFM, OTC:MNXMF) has secured environmental approval and achieved exceptional metallurgical results for its Green Bay Copper-Gold Project in Canada. Copper recovery exceeded 98% and gold recovery surpassed 85%, paving the way for an upscaled production restart. A Scoping Study is slated for early 2026, with an eight-rig drilling blitz underway to expand the resource.
Aurum Resources increases Boundiali Gold Project resource by 50%
Aurum Resources Ltd (ASX:AUE) has reported a 50% increase in the JORC Mineral Resource Estimate (MRE) for its Boundiali Gold Project in Côte d'Ivoire, now totaling 2.41Moz of gold. This update brings the company's total resources to 3.28Moz across its group projects. Aurum is progressing a Pre-Feasibility Study (PFS) and plans a second MRE update later this year.
Yandal Resources sells Gordons Gold Project to Horizon Minerals
Yandal Resources Ltd (ASX:YRL) has entered a binding agreement to sell its 100% interest in the Gordons Gold Project to Horizon Minerals (ASX: HRZ) for A$2.81 million in cash and shares. The sale aligns with Yandal's strategy to focus on its Ironstone Well-Barwidgee Gold Project. Results from the Caladan target area are expected soon as the company continues to advance exploration.
Askari Metals completes due diligence on Nejo Gold and Copper Project
Askari Metals Ltd (ASX:AS2) has successfully completed technical due diligence on the Nejo Gold and Copper Project in Ethiopia, meeting a key condition precedent for acquisition settlement, subject to shareholder approval. The project, part of the Arabian-Nubian Shield, holds high-grade potential, with exploration set to fast-track a maiden resource estimate.
D3 Energy re-tests RBD10 production with strong results
D3 Energy Ltd (ASX:D3E, OTCQB:DNRGF) has reported a 38% increase in flow rate at its RBD10 well, averaging 264 Mscfd during re-testing. This improvement, along with strong results from RBD03, suggests better reservoir deliverability and the potential for reduced development costs in its Free State, South Africa, helium and methane project.
European Lithium reports high-grade rare earth and gallium results at Tanbreez
European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has released strong diamond drill results from its Tanbreez Rare Earth Project in Greenland, with gallium oxide grades ranging from 80 ppm to 140 ppm. The project continues to prove strategically significant, especially in light of China's ban on gallium exports to the U.S., positioning Tanbreez as a key asset for Western supply chains.
Recce Pharmaceuticals to present at Military Health Symposium
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) will present a research abstract and poster at the 2025 Military Health System Research Symposium, highlighting its synthetic anti-infective RECCE® 327’s effectiveness against bioterrorism pathogens. The company also secured a US$2M grant for burn wound research, marking a key step in its biodefense efforts.