Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Archive

The Small Cap Wrap: Bruising day for the ASX and small caps after RBA keeps rates on hold

Racura Oncology Ltd (ASX:RAC) has officially changed its name from Race Oncology, following shareholder approval at the 2025 AGM held on Monday, November 24, 2025.

The Australian Securities and Investments Commission (ASIC) recorded the new name with effect from December 5, 2025.

Read more

Critical Resources Ltd (ASX:CRR) has started its inaugural reverse circulation (RC) drilling program at the Cap Burn Gold Project in Otago on New Zealand’s South Island, marking the launch of a broader, multi-stage gold exploration push in the country.

The initial scout program will comprise up to 10 RC holes for about 1,100 metres across a 1km strike length along the Cap Burn fault structure. Drilling is targeting the down-plunge potential beneath a large, well-defined arsenic-in-soil anomaly and is designed to be rapid and low-impact while testing the company’s geological model.

Read more

Riversgold Ltd (ASX:RGL, OTC:RVSGF) has extended shallow gold mineralisation at the Northern Zone Intrusive Hosted Gold Project near Kalgoorlie, reporting assays from a further six drillholes that confirm and expand the mineralised footprint within the Kalgoorlie Gold Project, 25km east of Kalgoorlie in Western Australia.

Read more

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has secured an underwriting agreement with Petra Capital Pty Limited for the remaining listed options, ensuring up to A$5 million in potential gross proceeds from the approximately 17.8 million unexercised options (A$0.30 exercise price) due to expire on December 9, 2025.

The underwriting provides an avenue for supportive institutional investors to increase their holdings in the company at what Lindian describes as an important stage of its development and is seen by the board as an endorsement of market support for the company and its assets.

Read more

Rio Tinto Ltd's (LSE:RIO, ASX:RIO, OTC:RTNTF) investor deep dive into its lithium business has left analysts at Citi more confident that the miner is carving out a competitive position in a weak market, laying the groundwork for rapid growth if prices recover.

Citi said Rio’s presentation in Buenos Aires centred on three pillars: delivering 200,000 tonnes of lithium by 2028, driving operating costs down to below $5–8 a kilogram, and rolling out its “30 in 30” template, a blueprint for future projects built at less than $30 a kilogram of capital intensity, in under 30 months, with C1 costs of under $5 a kilogram.

Read more

Ariana Resources PLC's (AIM:AAU, ASX:AA2) shares rose 5% at 1.61p after the company struck a funding term sheet that brings a major Chinese partner into its Dokwe gold project in Zimbabwe and injects A$8 million of fresh capital.

Hongkong Xinhai Mining Services, part of Shandong Xinhai Mining Technology & Equipment, will invest via Ariana’s Australian depositary interests at A$0.30 each, including an immediate A$500,000 signing fee.

Read more

BHP Group Ltd (LSE:BHP, ASX:BHP) has agreed a $2 billion infrastructure deal with Global Infrastructure Partners (GIP), part of BlackRock, to help fund the inland power network that supports its vast Western Australia Iron Ore (WAIO) operations.

WAIO, of which BHP owns 85%, is made up of four joint ventures across the Pilbara. Under the agreement, a new trust will be created with BHP holding a 51% controlling stake.

Read more

Ariana Resources PLC (AIM:AAU, ASX:AA2) has agreed a funding term sheet with a Chinese mining group that would inject A$8 million into its wholly-owned Dokwe gold project in Zimbabwe and move the operation a step closer to production.

The company said Hongkong Xinhai Mining Services, part of Shandong Xinhai Mining Technology & Equipment, will make the investment through Ariana’s Australian-listed depositary interests at A$0.30 each. The term sheet includes a A$500,000 signing fee, which is paid immediately.

Read more

The Reserve Bank of Australia (RBA) has kept the cash rate on hold at 3.6%, but Governor Michele Bullock made clear the decision was neither comfortable nor straightforward as inflation risks reassert themselves.

Speaking after the final board meeting of the year, Bullock said inflation had “come in a bit stronger than expected” and that signs of persistence were emerging beyond temporary, supply-driven factors. This shift in tone marks a subtle but significant recalibration: while the RBA has spent most of 2024 easing cautiously, the balance of risks, she said, “has tilted a bit to the upside”.

Read more

Liontown Resources (ASX:LTR) has executed a binding offtake agreement with Canmax Technologies Co., Ltd, a major industrial conglomerate and one of the world’s leading producers of lithium chemicals and consumer of raw lithium material.

Under the Offtake Agreement, Liontown will supply 150,000 wet metric tonnes (“wmt”) per year of spodumene concentrate to Canmax over a 2-year period covering 2027 and 2028. Pricing for the material will be determined using a formula that references prevailing spodumene concentrate indices.

Read more

BHP Group Ltd (LSE:BHP, ASX:BHP) has entered a US$2 billion (AU$3.02BN) binding agreement with Global Infrastructure Partners (GIP), part of BlackRock, covering BHP’s share of the Western Australia Iron Ore (WAIO) inland power network.

WAIO comprises four main joint ventures in the Pilbara region of Western Australia, in which BHP holds an 85% interest. Under the agreement, a trust entity will be established that will be 51% owned and controlled by BHP, with GIP providing US$2 billion in funding for a 49% stake. BHP will pay the entity a tariff over 25 years, linked to BHP’s share of WAIO’s inland power usage.

Read more

Patriot Resources Ltd (ASX:PAT) has entered into an agreement to acquire a 100% interest in the high-grade Tassa Silver and Gold Deposit in the tier-1 silver jurisdiction of southern Peru. The transaction will occur through the purchase of all issued capital in Colque Holdings Pty Ltd for an initial consideration of 20 million shares and US$500,000 (AU$755,460).

The move into Peru is strategic as the company looks to advance its battery and critical mineral assets.

Read more

Brightstar Resources Ltd (ASX:BTR) has reported strong assay results from reverse circulation (RC) drilling at the Bull Oak and Havilah deposits within its Sandstone Hub, where the company now holds a 2.4Moz at 1.5g/t gold Mineral Resource Estimate (MRE) following the acquisition of Aurumin Ltd.

Read more

Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) is set to begin drilling at the 100%-owned Cinto Copper Project in southern Peru after securing permits from the Ministry of Energy & Mines. Mobilisation of the diamond drill rig and drill pad preparation will commence during December, marking the start of the project’s maiden drill campaign.

The program is designed to test a series of coincident geochemical, geophysical and structural targets outlined through extensive groundwork completed over the past year. Drilling will initially focus on:

Read more

Alchemy Resources Limited (ASX:ALY) has reported extensive high-grade iron ore intersections from maiden reverse circulation (RC) drilling at the Southern Ridge target within the Valley Bore Project in Western Australia.

Read more

X2M Connect Ltd (ASX: X2M) has expanded into Japan’s water digitisation market through a new software development agreement with long-term partner Azbil Kimmon, extending an existing relationship in gas metering into the water sector.

Under the agreement, X2M will provide its Internet of Things (IoT) platform via a Software as a Service (SaaS) model to support Azbil Kimmon’s smart water metering rollout in Japan.

Read more

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK