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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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The Small Cap Wrap: Recce expands patent footprint, American Rare Earths expands La Paz focus and more...

Astral Resources NL (ASX:AAR) has delivered a fresh set of high-grade gold hits from reverse circulation (RC) drilling at its Spargoville Gold Project near Kalgoorlie in Western Australia, reinforcing growth potential near its flagship Mandilla development.

The results come from a 39-hole, 4,234-metre program completed in January 2026 at the Wattle Dam Complex, targeting the Redback, Huntsman and Trapdoor deposits. The campaign combined infill and extensional drilling aimed at upgrading resources and testing continuity at depth.

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Critical Resources Ltd (ASX:CRR, FRA:9S70) has confirmed a structurally controlled orogenic gold system at its Cap Burn project in New Zealand, with first-pass reverse circulation (RC) drilling validating its exploration model and highlighting clear upside at depth.

The 12-hole program intersected broad zones of gold mineralisation associated with the Cap Burn Fault, part of a regionally significant structural corridor in the Otago Schist Belt, around 11 kilometres from OceanaGold’s Macraes operation.

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OpenAI (Unlisted:OPAI) is taking an unusually aggressive step in its push into enterprise AI — reportedly offering private equity firms a guaranteed minimum return of 17.5% to secure strategic partnerships, according to a Reuters report.

The proposal lands in the middle of an escalating arms race across the AI sector, where model performance is only one piece of the puzzle. Capital, distribution and speed of deployment are emerging as just as critical — particularly as companies compete to embed generative AI tools deep inside enterprise workflows.

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Klevo Rewards Ltd (ASX:KLV) has entered into a strategic partnership with global digital asset platform Bybit to develop and launch an Australian dollar-backed stablecoin, KLV Coin (KLVAUD), alongside an integrated payments and rewards ecosystem.

The initiative will be delivered through Klevo’s wholly owned subsidiary Fly Wallet Pty Ltd and is designed to combine digital assets, payments infrastructure and loyalty rewards into a single platform. Management said the partnership positions Klevo to access a large and growing global user base while advancing its embedded finance strategy.

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Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) has secured a key intellectual property milestone in South America, with Brazil granting a Family 4 patent covering its synthetic anti-infectives platform, extending protection through to 2041.

The patent, awarded by Brazil’s National Institute of Industrial Property, covers Recce’s lead compounds RECCE® 327 (R327) and RECCE® 529 (R529), including their manufacturing processes, therapeutic use and multiple delivery methods.

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Flynn Gold Ltd (ASX:FG1) has reported more shallow high-grade gold-tungsten intercepts from re-sampling of historical drill core at its 100%-owned Firetower project in northwest Tasmania, with the latest results supporting continuity of mineralisation ahead of a planned maiden resource estimate.

The new results came from holes 2019FTD011 and 2019FTD012, where re-assaying using a more accurate analytical method returned 10 metres at 2.64 grams per ton (g/t) gold and 0.19% WO₃ from 63 metres in 2019FTD011, including 4 metres at 2.75 g/t gold and 0.46% WO₃ from 69 metres.

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American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) is broadening the scope of its La Paz Project in Arizona, launching a comprehensive review of gold, silver, copper and manganese potential alongside its established rare earths focus.

The company has engaged a US-based exploration and geoscience consultancy to reassess historical datasets and design a targeted follow-up exploration program aimed at identifying new non-rare earth opportunities across the project area.

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Emyria Ltd (ASX:EMD) says it has achieved key execution milestones ahead of launching its first Empax mental health clinic in Victoria, with patient treatments on track to begin in the second quarter of calendar 2026.

The company said progress across workforce, operational readiness and funding pathways had reduced execution risk and supported a clear pathway to near-term revenue generation.

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