S&P/ASX Small Ordinaries (XSO) closed at 3,868.70, up 18.30 (+0.48%) yesterday and +0.80 (+0.02%) over the past five sessions. Against this modestly firmer backdrop, our small caps continue to post notable updates.
- AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF) reported results from a surficial geochemistry (till) program at Cape Ray West, part of the 100%-owned Cape Ray Gold Project in southwestern Newfoundland. Multiple high-grade gold-in-till anomalies define a new multi-kilometre corridor along the western contact of the Isle aux Morts Granite—an under-explored intrusive complex that has not been drill-tested and represents a new target area at Cape Ray.
- FireFly Metals Ltd (ASX:FFM, TSX:FFM, OTC:MNXMF) announced drilling that extends known mineralisation >650 metres beyond the Mineral Resource at the Green Bay Copper-Gold Project. The furthest hole from the northern end of the 805L exploration drive returned 49.0m @ 6.1% CuEq (~39.2m true thickness), including 14.3m @ 13.7% CuEq in a massive sulphide zone—among the strongest intersections reported from the Ming deposit and adding evidence of grade increasing with depth.
- International Graphite Ltd (ASX:IG6) outlined progress toward establishing a European supply of expandable graphite, highlighted by a process technology collaboration providing licensed IP for the feasibility study. Testwork has begun on multiple feedstocks to inform process design and specifications. The steering committee named Germany’s Bitterfeld industrial precinct as the preferred site, with market engagement in Europe shaping product and marketing parameters.
- Lithium Universe Ltd (ASX:LU7, OTC:LUVSF) with Macquarie University, disclosed verification of its Jet Electrochemical Silver Extraction (JESE) method for solar-panel recycling. The approach reportedly cuts acid consumption by ~83% and removes the need for additives and sacrificial metals, potentially improving both economics and environmental outcomes for metal recovery from end-of-life silicon solar cells.
- Lumos Diagnostics Holdings Ltd (ASX:LDX, OTC:LDXHF) reached an agreement with WellStreet Urgent Care to advance testing and reimbursement pathways for FebriDx® via WellStreet’s JV with Piedmont Healthcare in Atlanta, Georgia. A Piedmont Urgent Care site (~50 respiratory patients/day) will run the program. PHASE Scientific will supply tests, and Pro-spectus will oversee data and reimbursement analysis to support future payer coverage policies.
- Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) established an Innovation Centre in Fiskå, West Coast Norway, to operate a robotic cell for fabrication and testing of proprietary H₂ and LCO₂ tank designs. The industrial-scale setup—robotic arms, controllers, scalable jigs and laser welding—is intended to demonstrate cost and production efficiencies and support scale-up for commercial tanks (H2Neo™ and LCO₂ platforms).
- Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA, OTC:NVAAF) announced a forward split affecting the ratio of its NASDAQ-listed ADRs (no change to ASX-listed shares or total shares on issue). The move aims to better align the U.S. share price with peers and improve liquidity as the company advances gold and antimony assets toward production.