Atomic Eagle Ltd (ASX:AEU, FRA:6QZ0) has declared a maiden ore reserve for its flagship Muntanga Uranium Project in Zambia after an independent engineering review confirmed the technical integrity of the project’s feasibility study.
The company reported a probable ore reserve of 39.6 million tonnes at 320 parts per million U₃O₈, containing 28.0 million pounds of uranium, based on the outcomes of a previously completed feasibility study and an independent review undertaken to support ASX compliance.
Kairos Minerals Ltd (ASX:KAI, OTCQB:KAIFF, FRA:YAJ) has reported further drill results from the Main Hill Extension target at its 1.4Moz Mt York Gold Project in Western Australia’s Pilbara, with assays from the final 11 holes of the 2025 program confirming continuity of mineralisation along the 1,500-metre-long trend.
The best intercept returned was 8 metres at 3.81 grams per tonne (g/t) gold from 128 metres, including 1 metre at 11.16g/t from 133 metre in hole 25MYDD085. The result sits about 50 metres down dip from a previously reported intercept of 9 metres at 3.92g/t from 97 metres in hole 25MYDD072, supporting the presence of wide, higher-grade zones within the Main Hill Extension.
Terrain Minerals Ltd (ASX:TMX, OTC:TMXAF, FRA:T4Y) has completed a substantial drilling campaign across its Lightning and Wildflower prospects at the Smokebush Gold & Silver Project in Western Australia, marking a key step towards a maiden resource estimate at the Lightning discovery.
The campaign included 39 reverse circulation (RC) holes and four diamond drill holes for a combined 7,739 metres of drilling, with assays now pending and results expected to begin flowing later this month.
The S&P/ASX Small Ordinaries (INDEXASX: XSO) closed at 3,711.30, down 67.80 points (1.79%) yesterday, but is up 7.00 points (0.19%) over the past five days. While it's likely to be a rocky road ahead, the show must go on. Against this backdrop, several ASX small caps delivered project updates spanning gold exploration and downstream battery materials. You can read about the following and more throughout the day.
Kairos Minerals Ltd (ASX:KAI, OTCQB:KAIFF, FRA:YAJ) has reported assay results from the remaining 11 drill holes completed at the Main Hill Extension target within its 1.4Moz Mt York Gold Project in Western Australia’s Pilbara region.
Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) will request a re-examination of a negative opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) on its marketing application for trofinetide in Rett syndrome — a move that keeps the door open, but prolongs uncertainty.
The CHMP has formally adopted its refusal, confirming an earlier trend vote. Acadia on Tuesday said it has reviewed the grounds for refusal and intends to trigger the re-examination process, a mechanism that allows companies to challenge and address specific concerns raised by regulators.
Gold extended its advance for a 5th straight session as intensifying conflict in the Middle East rattled energy markets and pushed investors toward haven assets.
Bullion rose as much as 0.8% to above US$5,360 an ounce, taking gains to more than 3% over the prior four sessions as fighting reverberated across the region. US President Donald Trump said the US would keep up its military campaign “for as long as it takes”, while Israel said it launched a “wave of strikes” aimed at Iranian command centres. Iran, meanwhile, has struck oil and gas facilities and threatened shipping through the strategically vital Strait of Hormuz.
Thermal coal prices for power generation posted their biggest jump in three years after an unprecedented outage at Qatar’s major liquefied natural gas export complex lifted expectations of fuel-switching across the electricity sector.
Newcastle coal futures — the Asian benchmark — rose 8.6% to US$128.70 a tonne on Monday, the highest level for the front-month contract since December 2024.
Astron Corporation Ltd (ASX:ATR, OTC:ATRNF) has updated the Mineral Resource and Ore Reserve estimates for Mining Licence MIN5532 at its Donald Rare Earth and Mineral Sands Project in Victoria, incorporating detailed rare earth element data for the first time.
The revised estimates confirm Donald Phase 1 as a significant near-term source of heavy rare earths outside China, with improved dysprosium (Dy) and terbium (Tb) production forecasts over the early years of mining.
Victory Metals Limited (ASX:VTM) has reported a 48-fold upgrade in total rare earth oxide (TREO) concentration following first-pass sighter flotation test work at its 100%-owned North Stanmore Heavy Rare Earth Element Project in Western Australia.
The company said the test work upgraded a representative 1,251 parts per million (ppm) TREO head grade to a peak concentrate grade of 5.9% TREO, while maintaining a premium 38% heavy rare earth oxide (HREO) to TREO ratio.
BSA Limited (ASX: BSA) has appointed mining executive David Geraghty as non-executive chairman, effective immediately.
Geraghty has more than 30 years’ experience across the resources and mining services sectors and is a qualified metallurgical engineer. He began his career at Rio Tinto, working in orebody evaluation, before joining Mineral Resources Ltd (ASX:MIN).
Atomic Eagle Ltd (ASX:AEU, FRA:6QZ0) has increased total mineral resources at its 100%-owned Muntanga Uranium Project in Zambia by 24% following completion of its maiden drilling campaign, lifting the global resource to 58.8 million pounds (Mlbs) of triuranium octoxide (U₃O₈).
The upgrade adds 11.4Mlbs at an average grade of 309 parts per million (ppm) U₃O₈, with new maiden pit-constrained Mineral Resource Estimates (MREs) defined at the Chisebuka and Muntanga East deposits.
Robotic construction technology company FBR Limited (ASX:FBR) has executed a binding Wall as a Service® (WaaS®) Offtake Agreement with Victorian modular builder EW Distribution Pty Ltd, trading as AMOVEO, covering a minimum of 5,400 vertical square metres of wall construction over 24 months.
The contract is valued at $400,000–$450,000 for single-leaf walls, inclusive of block and adhesive costs.
Aruma Resources Ltd (ASX:AAJ) has begun an extensive ground-based electromagnetic survey at its recently acquired Tillex Copper-Silver Project in Ontario’s Timmins mining district, aiming to sharpen and expand drill targets ahead of a maiden diamond program.
St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) has delivered a major uplift to the Mineral Resource Estimate (MRE) for its 100%-owned Araxá rare earths-niobium project in Brazil, with total resources increasing 75% to 70.91 million tonnes (Mt) at 4.06% total rare earth oxides (TREO) and 0.62% niobium pentoxide (Nb₂O₅) at a 2% TREO cut-off.
The substantial upgrade not only expands the overall tonnage but also materially improves resource confidence, with Measured and Indicated resources surging 218% to 29.49Mt at 4.56% TREO and 0.75% Nb₂O₅. The Inferred category now stands at 41.42Mt at 3.71% TREO and 0.52% Nb₂O₅.