It’s peak quarterly season on the small end of the market, with explorers and developers rolling out updates alongside a few clean corporate moves. Gold’s bounce back above US$4,000/oz and easing tariff tension between the US and China have helped steady sentiment heading into Friday’s session, giving resource juniors a little more room to breathe.
AuMEGA Metals tightens exploration oversight
AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF) has formed a board-level technical committee to guide its Newfoundland and Labrador work, while director Kerry Sparkes will retire on November 30, 2025, after helping shape the company’s exploration strategy.
Solis Minerals: Peru activity plus fresh cash
Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF)’s September quarterly showed drilling at Chancho al Palo and Ilo Este, IP work at Cinto, and a $5.9 million post-quarter raise to keep copper–gold drilling going into December.
Sunstone Metals: talks advance, Bramaderos update coming
Sunstone Metals Ltd (ASX:STM) highlighted in its quarterly report that multiple corporate and project-level discussions in Ecuador have progressed to the point a formal offer could be considered, while it prepares an updated Bramaderos resource to feed a scoping study and highlighted a 1.2Moz AuEq start at El Palmar.
Astral Resources: Mandilla moves toward DFS
Astral Resources NL (ASX:AAR)’s quarterly was all metres and momentum — big RC programs across Mandilla, Feysville and Spargoville, followed by October appointments (COO, GR Engineering, debt adviser) to push Mandilla into definitive feasibility, backed by ~$15.9 million cash.
Asian Battery Metals: Oval keeps growing in Mongolia
Asian Battery Metals PLC (ASX:AZ9) confirmed strike/depth extensions at the Oval Cu–Ni discovery, strong early met recoveries (89–95% payable copper) and extra ground/options over the September quarter — with more drilling, DHEM and due diligence on Maikhan Uul flagged for the December quarter.
Sovereign Metals: Malawi clearance, corridor tailwind
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML)’s quarterly report confirmed that Malawi’s raw-mineral export order does not apply to Kasiya because it plans in-country beneficiation, while Japan’s US$7 billion Nacala Corridor initiative supports the project’s preferred export route as DFS work continues.
Elixir Energy: gas appraisal lining up
Elixir Energy Ltd (ASX:EXR, OTC:ELXPF)’s quarterly showed Diona-1 delivered 23 metres of net gas pay and moves to testing, and the high-impact Lorelle-3 appraisal well is locked for January 2026 with Shell’s FlexRig — all funded from $9.2 million cash and receivables.
Far East Gold: Indonesian hits and a new discovery
In its September quarterly report, Far East Gold Ltd (ASX:FEG) flagged deeper gold zones at Bermol, a new high-grade North Bermol prospect (up to 12.8 g/t Au) and a key forestry reclassification over ~9,000 ha that de-risks ongoing work across the Idenburg project.
Percheron Therapeutics: cancer asset readied for phase II
Percheron Therapeutics Ltd (ASX:PER, OTC:PERCF) used its quarterly to confirm clean phase I data for HMBD-002, outline a modular, multi-arm phase II in 2026, complete the FDA IND transfer and add senior clinical/manufacturing hires, supported by a $1.43 million R&D rebate.
Race Oncology: IP breakthrough underwrites runway
Race Oncology Ltd (ASX:RAC, OTC:RAONF)’s quarterly centred on filing three composition-of-matter patents over the active bisantrene isomer — potentially resetting protection for 20 years — while the RC220 phase 1 trial continued and cash sat above $11 million with more option money incoming.
Resource Minerals: broader footprint, new funding
Resource Minerals International Ltd (ASX:RMI)’s quarterly covered new Saudi JV gold ground, solid copper–gold work in Tanzania, and up to $5 million in funding over three years to back its rebrand to Resource Minerals International.
Krakatoa Resources: Georgian antimony-gold in focus
Krakatoa Resources Ltd (ASX:KTA) issued a quarterly report highlighting that the 7,000–10,000 metre maiden drill program is under way at Zopkhito to convert a large historic antimony–gold resource to JORC, backed by a $3.1 million placement, extra Mt Clere REE ground and sale of a non-core NSW tenement.