S&P/ASX Small Ordinaries (XSO) closed at 3,677.70 +3.80 (+0.10%) yesterday and is down -100.20 (-2.65%) over the past five days.
With the Small Ords edging higher on the day but lower over the week, Oasis in Sydney and Metallica heading to Melbourne, several small caps posted exploration and corporate updates.
Far East Gold
Drilling has commenced at Far East Gold Ltd (ASX:FEG)'s Mount Clark West copper–gold project in central Queensland following execution of a Conduct and Compensation Agreement and the engagement of Eagle Drilling NQ. This is the second phase of drilling aimed at testing the project’s large-scale porphyry copper–gold potential.
Aurum Resources
Encouraging high-grade results have been returned from the ongoing 100,000 metre infill program at Aurum Resources Ltd (ASX:AUE)'s 2.41 Moz Boundiali Gold Project in Côte d’Ivoire, designed to grow and increase confidence in Mineral Resources at the BDT2 deposit. Notable intercepts:
- 18 m @ 3.93 g/t Au from 198 m, including 5 m @ 11.07 g/t Au (DSDD0267)
- 28 m @ 1.54 g/t Au from 82 m, including 4 m @ 7.51 g/t Au (DSDD0265)
- 17 m @ 0.99 g/t Au from 55 m, including 1 m @ 9.16 g/t Au (DSDD0265)
- 9 m @ 1.38 g/t Au from 78 m, including 3 m @ 3.23 g/t Au (DSDD0267)
Asian Battery Metals
Phase 3 assays from Asian Battery Metals PLC (ASX:AZ9)'s Oval Cu–Ni–PGE project in Mongolia continue to build on prior high-grade intercepts. Step-out drilling has extended the known sulphide zone beyond earlier hits, with multiple holes intersecting broad intervals of copper and nickel sulphides—both disseminated and semi-massive—supporting the interpretation of a fertile magmatic system.
Lithium Universe
Lithium Universe Ltd (ASX:LU7, OTC:LUVSF) signed an MOU with Hsinchu-based RePV Tech, a PV recycling firm licensed from Taiwan’s ITRI. RePV Tech’s “easy dismantling” process separates glass from silicon wafers, offering a different approach to Lithium Universe’s Microwave Joule Heating Technology for PV delamination, and recovers valuable materials to support a circular solar supply chain.