The S&P/ASX Small Ordinaries (XSO) fell 2.99% to 3,519.40 today and is down 3.13% over the past five sessions. Against this softer small-cap backdrop, a series of resource and battery materials stocks have reported notable news. You can read about the following and more throughout the day.
Sunstone Metals
Sunstone Metals Ltd (ASX:STM)’ Bramaderos project in Ecuador now hosts a 3.6-million-ounce gold-equivalent (AuEq) mineral resource, after a 900,000oz AuEq increase, including 600,000oz AuEq in the higher-confidence Indicated category (up from 200,000oz). The resource remains constrained to the Brama-Alba-Melonal porphyry deposits, with further growth targeted through drilling and an expanded 5–13Moz AuEq Exploration Target across multiple porphyry systems. Managing director Patrick Duffy said the upgraded inventory, all within open-pit depths, provides a strong foundation to start scoping studies on a potential open-pit development.
Far East Gold
Far East Gold Ltd (ASX:FEG) reported assays from hole KSD024, the second diamond hole in the current program at the Sua prospect within the Idenburg Gold Project in Indonesia; the hole was drilled 25 metres east of KSD023, which previously delivered 13.77 g/t gold over 9.8 metres, including high-grade sub-intervals up to 131 g/t.
Altech Batteries
Altech Batteries Ltd (ASX:ATC, OTC:ALTHF) announced that a leading global EV battery manufacturer has formally engaged with the company after approaching Altech to assess its Silumina Anodes™ silicon-enhanced anode technology.
Yandal Resources
Yandal Resources Ltd (ASX:YRL) completed a maiden diamond program at the Arrakis prospect, drilling 1,931 metres across four re-entries and four new holes, with initial results confirming apparent true mineralised widths of about 35 metres and supporting a preliminary geological model.
AuKing Mining
AuKing Mining Ltd (ASX:AKN) secured A$400,000 in a share placement to sophisticated investors to fund working capital as it advances gold interests in Queensland’s Cloncurry region.
St George Mining
St George Mining Ltd (ASX:SGQ) reported further thick, high-grade rare earths and niobium intercepts from surface at its 100%-owned Araxá Project in Brazil, including intervals such as 80.55 metres at 5.44% TREO and 0.60% Nb₂O₅ from surface.