Cavendish sees very substantial upside for 88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) after the AIM-listed explorer secured access to a 3D seismic dataset over its Kad River East acreage in Alaska, with the broker reiterating a Buy rating and 19.8p target price (compared to the current price of 1.5p per share).
The stockbroker, in a note, highlighted that the firm's newly licensed Kad River 3D survey covers the entirety of the recently acquired leases and strengthens the case for an active, multi-reservoir petroleum system already indicated by legacy 2D seismic and historic well data.
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) has secured access to the Kad River 3D seismic dataset across its newly acquired Kad River East leases in Alaska, giving the explorer a fresh technical dataset as it works toward a maiden prospective resource estimate in the second half of 2026.
The survey covers the full 17,920-acre lease position, where 88 Energy holds a 100% working interest east of the Trans Alaska Pipeline System.
Orthocell Ltd (ASX:OCC, OTC:ORHHF)’s push into the US market is starting to put real numbers behind a long-anticipated commercial transition.
After years of development, regulatory work and early offshore sales, the company is now building a footprint for its nerve repair device Remplir in what is both its largest opportunity and its most demanding market. Early adoption trends — spanning hospitals, surgeons and repeat usage — suggest the rollout is gaining traction, while the threshold to profitability remains relatively low compared with the size of the addressable market.
Askari Metals Ltd (ASX:AS2, FRA:7ZG) recently disclosed new Phase 1 trenching results from the OP pegmatite target at the Uis Project in Namibia, with executive director Gino D’Anna saying the work had confirmed continuous polymetallic mineralisation across a large-scale system.
Speaking with Proactive, D’Anna said the project was strategically positioned alongside the operating Uis tin mine, owned by Andrada, and noted that the neighbouring operation provided an important reference point because it was mining the same style of pegmatite mineralisation. He said the latest results suggested Askari Metals Ltd had identified “that same continuous polymetallic mineralisation in a very significant system of pegmatite”.
Aruma Resources Ltd (ASX:AAJ) recently outlined progress at the Tillex Copper-Silver Project in Ontario, where a recently completed electromagnetic (EM) survey has strengthened the company’s confidence in the project’s scale potential.
Managing director Grant Ferguson said the survey had identified a “significant conductor that’s parallel and coincident to the known wide copper mineralisation,” extending from around 150 metres to approximately 400 metres depth. He noted that this result provides clear and high-priority targets for the company’s upcoming maiden drilling campaign.
Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF, FRA:COH) recently announced a consortium agreement with US-based Glomar Minerals to advance Project Infinity, a proposed polymetallic nodule processing facility in the United States, marking a strategic step into the rapidly evolving critical minerals sector.
Speaking to Proactive, CEO Dr Andrew Tong said the collaboration would combine Glomar Minerals’ offshore nodule harvesting capabilities with the company’s proprietary refining technology, positioning it to support US domestic supply chains. He noted that cobalt prices had strengthened significantly over the past year, describing the metal as “a really hot commodity,” driven by its importance in battery safety and performance.
Critical Resources Ltd (ASX:CRR, FRA:9S70) recently highlighted strong early-stage exploration success across its newly acquired New Zealand portfolio, including exceptional tungsten grades and encouraging gold drilling results.
Managing director Tim Wither said the company had rapidly advanced its position in the Otago and Reefton regions after securing six permits, covering approximately 1,700 square kilometres. He noted that the acquisition provided low-cost exposure to an emerging gold province with a proven production history.
Latitude 66 (ASX:LAT) has moved to secure tenure over its KSB gold-cobalt project in northern Finland, lodging exploration permit applications covering the K1, K2 and K3 prospect areas. Permit applications over K1, K2 and K3 would give the company control of its full gold-cobalt resource base as it advances optimisation work, drilling and prefeasibility planning.
That matters because KSB is already a sizeable gold-cobalt project with an indicated and inferred mineral resource of 7.3Mt at 2.7 grams per ton (g/t) gold for 650,000 ounces and 0.08% cobalt for 5,840 tonnes, with more than 85% of the resource in the indicated category.
Environmental Clean Technologies Ltd (ASX:ECT) has expanded its licence agreement with William Marsh Rice University to include the application of Flash Joule Heating (FJH) to PFAS-contaminated adsorbents such as granular activated carbon (GAC).
The move marks a strategic extension of the company’s PFAS remediation platform, building on its existing Rapid Electrothermal Mineralisation (REM) technology, which targets PFAS in contaminated soils.
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) is sharpening the long-term development strategy for its Halleck Creek rare earths project in Wyoming, awarding a whole-of-property development assessment (WPDA) to support district-wide expansion.
The planning-level study, to be undertaken by a major engineering firm, will integrate geological, metallurgical, mining and permitting data across the company’s 8,108-acre landholding and is scheduled to begin in the June quarter of 2026.
Energy Transition Minerals Ltd (ASX:ETM) has secured foreign direct investment approval from the Spanish Government for its proposed acquisition of the Penouta tin-tantalum mine, marking a key step towards completing the deal.
The approval clears a major regulatory requirement for ETM to acquire what it sees as a strategic critical minerals asset in Spain. It also confirms the company’s proposed investment in the Penouta mine and processing plant meets Spanish regulatory and national security requirements, while endorsing ETM’s financial capacity and suitability to operate strategic assets in the country.
St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) has delivered its thickest and most compelling drill result yet from the Araxá Rare Earths and Niobium Project in Brazil, with a standout intercept of 178.7 metres at 4.34% total rare earth oxides (TREO) and 0.75% niobium oxide (Nb₂O₅) from surface.
The result — the thickest mineralised interval recorded at Araxá to date — underscores the scale, grade and near-surface continuity of the deposit, reinforcing its status as one of the most significant undeveloped rare earths and niobium projects globally.
Far East Gold Ltd (ASX:FEG) has opted to maintain its existing 51% interest in the Woyla gold project in Indonesia, stepping back from plans to increase ownership as it reallocates capital towards its more advanced Idenburg asset.
In an update to the market, the company said it had been unable to reach agreement with the project vendor on revised terms that would have allowed it to lift its economic interest to 100% without completing a feasibility study.