S&P/ASX Small Ordinaries (XSO) closed at 3,765.40, up 15.00 points (+0.40%) yesterday and +19.10 (+0.51%) over the past five days. With reporting season in full swing, small-cap quarterly updates and earnings news are flooding in across the market.
St George Mining
St George Mining Ltd (ASX:SGQ) is presenting this week at EXPOSIBRAM 2025 in Salvador, Brazil, positioning its Araxá rare earths–niobium project to investors and government stakeholders. A copy of the presentation was circulated.
Imugene
Imugene Ltd (ASX:IMU, OTC:IUGNF) reported first efficacy results from the CAR T-naïve niche indication cohort in its ongoing Phase 1b trial of azer-cel (azercabtagene zapreleucel), an off-the-shelf allogeneic CD19 CAR T therapy in B-cell lymphomas.
Aurum Resources
Aurum Resources Ltd (ASX:AUE)'s September-quarter update highlighted Boundiali (Côte d’Ivoire) resource growth to 2.41Moz (~50% increase), with Indicated resources up 53% to 26Mt @ 1.1 g/t Au for 0.92Moz following the BMT3 update; Inferred totals 51Mt @ 0.9 g/t Au for 1.51Moz. A 100,000 m diamond drilling program remains on track.
FireFly Metals
FireFly Metals Ltd (ASX:FFM, TSX:FFM, OTC:MNXMF) reported a productive quarter at Green Bay (Canada), with high-grade infill drilling results ahead of the next Mineral Resource Estimate and ongoing studies toward an up-scaled production restart.
AuMEGA Metals
AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF)'s quarterly report flagged continued exploration success in Newfoundland & Labrador, cash of C$6.3 million, and the appointment of former Rupert Resources CEO James Withall to the board. Noted ongoing regional M&A interest (Equinox–Calibre).
Lindian Resources
Lindian Resources Ltd (ASX:LIN, OTC:LINIF)' quarter featured FID on the Kangankunde rare earths project (Malawi) following a A$91.5 million two-tranche placement, a 15-year offtake and US$20 million construction facility with Iluka, and mining licence expansion from 900 ha to 2,500 ha. Cash at quarter-end: A$85.1 million. DRA Pacific engaged for a Stage 2 expansion concept study (50–100 ktpa concentrate).
Green360 Technologies
Green360 Technologies Limited (ASX:GT3) ended the quarter with A$3.0 million cash (plus ~A$0.768 million post-quarter from an August placement, before costs). Lodged FY25 R&D claim (~A$0.441 million expected). Produced 500+ t of metakaolin and achieved a 28-day strength of 64 MPa on a low-carbon cement blend (design target 40 MPa). Darren Hedley (Permacast CEO) appointed as Non-Executive Director.
Carnavale Resources
Carnavale Resources Ltd (ASX:CAV)' September-quarter report included an updated Kookynie (WA) JORC 2012 MRE of 842 kt @ 4.3 g/t for 117 koz Au, including a high-grade component of 60 kt @ 28.3 g/t for 55 koz. Resource remains open at depth and along strike, with additional targets (e.g., Valiant) under review.