It has been a tough time for small caps over the past week. The S&P/ASX Small Ordinaries (ASX: XSO) closed at 3,869.60 on Friday, down 84.20 points (-2.13%) on the day and 121.40 points (-3.04%) over the past 5 days. Against that softer market backdrop, small caps continue to work hard. You can read about the following and more throughout the day.
Riversgold Limited
Riversgold Ltd (ASX:RGL, FRA:RGV, OTC:RVSGF) has reported results for the final 16 drillholes of its 2025 drill program at the Northern Zone Intrusive Hosted Gold Project, part of the company’s Kalgoorlie Gold Project about 25 kilometres east of Kalgoorlie, Western Australia. Riversgold said its 2026 drilling program is due to start on February 10, with results expected to flow through the quarter.
Recce Pharmaceuticals
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) has entered a Cooperative Research and Development Agreement (CRADA) with the United States Army Institute of Surgical Research (USAISR). Under the agreement, USAISR will evaluate Recce’s topical formulation RECCE® 327 Gel (R327G) using the validated Walker-Mason rat model of burn wound infection, which is designed to mimic battlefield injuries and assess systemic responses to burns and subsequent infections.
Ora Banda Mining
Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) has reported further drill results from its Phase 1 drilling program at Round Dam. The company described Round Dam as part of an 18 kilometres north–south striking mineralised trend from Waihi in the north (about 3.5 kilometres from the Davyhurst Mill) to Salmon Gums in the south. Ora Banda said it is exploring open pit and underground potential across a 7.5 kilometres section of the corridor, which includes seven named deposits plus additional prospects, with continuity observed in both gold mineralisation and controlling lithologies.
Provaris Energy
Provaris Energy Ltd (ASX:PV1, OTC:GBBLF, FRA:WS90) has signed a Memorandum of Understanding (MOU) with Himile Heavy Equipment Co. Ltd to assess fabrication options and costs for its proprietary LCO₂ tanks at Himile’s manufacturing site in Rushan, China. The work is being progressed in collaboration with Provaris’ LCO₂ tank development partner Yinson Production.
Janus Electric Holdings
Janus Electric Holdings Ltd (ASX:JNS) has appointed Peter Koller as a non-executive director, effective immediately, following the resignation of Saurabh Jain. The company has also appointed Jade Cook as company secretary, effective today, following the resignation of Andrew Palfreyman, with the board thanking Palfreyman for his service.