In today's Just The Facts..
Far East Gold has approved an extension to drilling at its Sua Prospect in Indonesia after high-grade gold results confirmed strong continuity within the Idenburg Gold project. All initial drill holes intersected high-grade mineralisation, prompting immediate step-out drilling to test depth extensions, with further assay results still pending.
Lindian Resources has delivered a major uplift to the economics of its Kangankunde Rare Earths project in Malawi following processing plant optimisation. Throughput has increased by 25%, lifting annual production, while pre-tax net present value has risen 45% to nearly A$1.7 billion, reinforcing Kangankunde’s global competitiveness.
Elixir Energy has signed a seismic data sharing agreement with QGC to support future exploration in Queensland’s Taroom Trough. The deal will provide 3D seismic data ahead of the planned Daydream-3 appraisal well, providing valuable subsurface data at no upfront cost.
FireFly Metals has closed its share purchase plan early after investor demand significantly exceeded the A$5 million target. The company says applications were well above expectations, with new shares scheduled to be issued at the end of December.
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